Fri, October 16

Crypto Asset Funds Experience Outflows Ahead of Fed Meeting

According to a report by CoinShares, crypto asset investment products saw outflows for the first time in five weeks, after four weeks of inflows from institutions totaling $742 million. The entire outflow from crypto asset investment products was $6.5 million. As investors sell off their Bitcoin holdings, they wonder whether

July 24, 2023 2 mins read

Custodia Bank CEO Criticizes Fed Over FedNow Exclusion

Caitlin Long, CEO of Custodia Bank, asserts, “The law is very clear,” with the exception of the Fed’s involvement. She noticed Amsterdam-based Adyen among the first group of 35 financial institutions that were granted access to the new 24-hour payment system FedNow on Thursday. The financial technology business got a

July 23, 2023 1 min read

El Salvador’s Bonds Witness Whopping 60% Gains This Year

El Salvador was the first nation to recognize Bitcoin (BTC) as legal cash, and this year the country’s bonds have seen gains of 60%, second only to Bitcoin’s 80%. The unexpected interest in the country’s national debt indicates a dramatic change in outlook towards the economy. A year ago, El

July 22, 2023 1 min read

Nigerian Social Payments App Bundle Shuts Down Crypto Services

Bundle, a social payments app popular in Nigeria, has announced it would be discontinuing its cryptocurrency exchange service. As part of the shareholders’ decision to reorganize the firm to concentrate on Cashlink, Bundle announced on its blog on July 20 that it will halt operations of its exchange services. The

July 22, 2023 1 min read

British Court Accepts Craig Wright’s Appeal in Bitcoin Copyright Lawsuit

On July 20, a British court accepted an appeal and allowed Craig Wright the ability to present evidence in court to support his claim that the Bitcoin file format is sufficiently well-defined to be protected by copyright. Wright, who has claimed to be Bitcoin’s creator since 2016, filed a lawsuit

July 22, 2023 1 min read

Whale Bitcoin Address Activated After 11 Years as BTC Stays Below 30K!

Earlier on Saturday, an inactive Bitcoin holder transferred a huge BTC after a decade. The transaction is recorded with 0.0000753 BTC worth 2.25 USD on Whale Alert, a crypto analyzer. 💤 💤 💤 💤 A dormant address containing 1,037 #BTC (31,080,234 USD) has just been activated after 11.3 years!https://t.co/6cW9vnTOhD —

July 22, 2023 1 min read

Bitcoin Network Witnesses Abnormal Block Generation Delay

An abnormality on the Bitcoin network has been noticed by PeckShield Alert. It took more than an hour to mine a block of Bitcoin (BTC), leaving many transactions in pending condition. PeckShield shared an image showing that the most recent two blocks were mined 95 minutes apart by F2pool and

July 21, 2023 2 mins read

UK’s HM Treasury Rejects Labeling Crypto Trading as Gambling

The United Kingdom’s HM Treasury “firmly disagrees” with a suggestion by the House of Commons Treasury Committee to label cryptocurrency trading as gambling. In May of 2023, a cross-party Committee of MPs recommended the new legislation. In its formal report, the Committee noted that crypto assets had “no intrinsic value”

July 20, 2023 2 mins read

Kuwait Enforces Nationwide Ban on Crypto Activities

Kuwait is the most recent country to outlaw any and all cryptocurrency-related activity. Kuwait’s primary financial watchdog, the Capital Markets Authority (CMA), published a circular on the oversight and issuance of virtual assets on July 18. In the circular, the CMA stated its commitment to an “absolute prohibition” of all

July 20, 2023 1 min read

Nasdaq Drops Crypto Custody Plans Amid Regulatory Uncertainty

On Wednesday’s earnings call, CEO and President Adena Friedman said that Nasdaq (NDAQ) will not be launching its planned cryptocurrency custody service in the second quarter of this year. The American stock exchange giant said in September 2022 that it was assembling the necessary infrastructure and regulatory permission to launch

July 19, 2023 2 mins read