Month: March 2022

South Korean incoming administration to drive pro crypto measures

News

South Korea’s incoming president Yoon Suk-yeol has vowed to loosen crypto regulations. The country’s banks are worried about a possible monopolisation of the big crypto exchanges, and are seeking regulatory permissions to deal with cryptocurrencies. South Korea has the fourth-largest economy in Asia, and its citizens have embraced the new private digital assets sector with …

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Crypto community with 82% historical accuracy sets Bitcoin price for April 30, 2022

Analytics

Following Bitcoin’s (BTC) recent resurgence as the flagship digital asset has climbed above the $47,000 mark, the cryptocurrency community at CoinMarketCap predicts that the asset will trade above $51,000 by the end of April. With more than 90% of Bitcoin in circulation, the inflation rate for digital assets fell to 1.7% in March, five times …

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Bitcoin Consolidation Continues, Solana Soars 10% to a 2-Month High (Market Watch)

Analytics

Bitcoin continues with its rather calm performance in the past few days and stands above $47,000. While most altcoins are also stagnant, others, such as Solana and Avalanche, have marked substantial gains on a daily scale. SOL and AVAX Lead the Alt Way Ethereum is among the calm altcoins with a minor daily increase that …

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‘Hold my beer’ — Terra already up $165M from buying Bitcoin as BTC stash nears Tesla

Analytics

Bitcoin (BTC) has already netted its biggest new buyer almost $200 million in profit from price increases, data suggests. Analysis of the wallet related to Blockchain protocol Terra reveals that since it began amassing BTC in Q1 this year, it is up $165 million. Terra co-founder rejects idea LFG moved BTC price The Luna Foundation …

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MicroStrategy Founder: Bitcoin Bonds Will Come Eventually, but Not Just Yet

Analytics

MicroStrategy CEO Michael Saylor has said that global markets are not yet ready for bitcoin bonds. In a Bloomberg interview, Saylor was hopeful that the day might come when securities could be backed for bitcoin, but does not see it happening very soon. “I’d love to see a day where people eventually sell bitcoin-backed bonds like mortgage-backed …

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Binance Suspends Deposits and Withdrawals on Ronin Network After Hack

News

As it assists with supporting the investigation into the Ronin hack, global exchange giant Binance on Wednesday morning announced that deposits and withdrawals on Axie Infinity’s Ronin Network have been suspended since Tuesday. Ronin on Tuesday said an attacker “used hacked private keys in order to forge fake withdrawals” from the Ronin bridge across two …

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Dubai’s Crypto Regulator Grants Provisional Approval to BitOasis

News

UAE-based crypto exchange BitOasis has received provisional approval from Dubai’s new crypto regulator to continue its existing business operations in the region. BitOasis Gets Provisional Approval From Dubai According to Reuters, BitOasis received provisional approval to continue its existing business operations in Dubai and is currently undergoing the process of applying for a full license …

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