Thu, January 30

Hong Kong Hints Crypto Regulatory Reforms Post FTX Crisis

The Financial Secretary of Hong Kong has urged for a greater emphasis on transparency and adequate supervision when dealing with virtual assets, just days after Binance CEO Changpeng “CZ” Zhao warned of the advent of more regulatory scrutiny in the wake of the FTX crash. Paul Chan, Hong Kong’s Financial

November 15, 2022 1 min read

Ark’s Cathie Wood Raises Concerns Over Hiking Interest Rates

Cathie Wood, founder, and chief investment officer of investment management company Ark Invest, tweeted on Saturday her concerns that the Federal Reserve might cause inflation and a worldwide economic catastrophe similar to that of 1929. During the Great Depression, she said, the Federal Reserve boosted interest rates “to squelch financial

November 14, 2022 2 mins read

3,500 Bitcoin Transferred After Being Dormant For 11 Years

After being dormant for almost 11 years, a sizable number of bitcoins finally moved on Friday morning. A total of 3,500 Bitcoins valued at over $60 million, originated from seven unique Bitcoin addresses created on October 7, 2011. This is the first significant awakening of long-dormant bitcoins in months. Btcparser.com

November 13, 2022 1 min read

Over 80,000 BTC Reportedly Transferred Out of Exchange Wallets

Investors’ faith in centralized cryptocurrency exchanges has been severely shaken by the demise of FTX. The safety of users’ funds has reemerged as a topic of discussion in the wake of the ensuing financial turbulence. And stories about the failing crypto exchange using user cash to support reckless wagers. Some

November 13, 2022 1 min read

Indonesia Proposes New Crypto Regulator Amid Market Volatility

It has been announced by the Indonesian government that it plans to give the Financial Services Authority (OJK) responsibility for regulating, supervising, and overseeing the country’s expanding cryptocurrency investment market. Currently, market regulation is under the purview of the Ministry of Trade and the Commodity Futures Trading Regulatory Agency. As

November 12, 2022 1 min read

JPMorgan Analysts Warns of Tough Times in Light of FTX Collapse

On Thursday, experts at JPMorgan Chase, headed by global market strategist Nikolaos Panigirtzoglou, released their assessment of the FTX scenario and bitcoin price forecast. The researchers elaborated on the decline in the number of strong competitors in the crypto market. The analyst stated: “What makes this new phase of crypto

November 12, 2022 1 min read

Binance CEO ‘CZ’ Confirms El Salvador’s Bitcoins Not on FTX

According to Binance CEO Changpeng Zhao, the president of El Salvador today reassured citizens that their country’s cryptocurrency assets were not on the failing exchange FTX. On Thursday, the CEO of the largest cryptocurrency exchange in the world tweeted that he had spoken to President Nayib Bukele, who had denied

November 11, 2022 2 mins read

Oil and Gas Industry Giant Shell Forays Into Bitcoin Mining Industry

Shell plc, the London-based oil and gas industry giant, has stepped forward to unveil its stance in enhancing the Bitcoin mining industry. Notably, the company has signed a two-year sponsorship with BTC Inc and Bitcoin Magazine for The Bitcoin Conference.  At Bitcoin 2023 Miami event, Shell aims to advocate the

November 11, 2022 1 min read

U.S Consumer Price Index (CPI) Falls to 7.7% in October

Inflationary pressures and forecasts of extended macroeconomic uncertainty have characterized the previous several months. Most central banks across the globe have announced interest rate increases in response to growing inflation data. In reality, consumers have paid a heavy price for governments’ hawkish posture. Recently, however, it seems like things are

November 10, 2022 1 min read

Bitcoin Mining Firm Riot Blockchain Reports $36.6M Quarterly Loss

Riot Blockchain, a major Bitcoin mining firm, reported a $36.6 million loss. The Colorado firm’s sales of $46.3M were down 28% from the $54.2M projection. Lower Bitcoin output from major curtailment efforts linked with the company’s power plan, as well as a fall in the market price of the crypto

November 9, 2022 1 min read
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