Thu, January 16

SEC Announces New Offices To Review Crypto Filings

SEC’s Division of Corporation Finance’s Disclosure Review Program will oversee offices. As per SEC, it has decided to assign firms and filings to a single office. On Friday, the United States Securities and Exchange Commission (SEC) said that it will be opening two more offices to handle crypto filings. The

September 11, 2022 2 mins read

U.S DOJ Sentences Man to 5 years of Jail For Crypto Scam

Joshua David Nicholas was the “Head Trader” for EmpiresX as per DOJ. The exchange was a scam that stole digital assets worth $100 million. Florida native Joshua David Nicholas pled guilty to defrauding investors of $100 million in digital assets via his participation in the cryptocurrency network EmpiresX. As a

September 11, 2022 2 mins read

U.S Senators Question Meta Over Prevention of Crypto Scams

The Senators’ letter specifically called out Meta sites as prime targets for fraudsters. The Senators also expressed their worry that Meta is not doing enough. As the parent company of Facebook, Meta, expands into the metaverse, numerous senators in the United States have requested Facebook CEO Mark Zuckerberg to demonstrate

September 10, 2022 1 min read

Elon Musk Says Interest Hike by Fed Risks of Deflation

On September 21st, 2022, the Federal Reserve Board will determine the next hike. Economist Peter Schiff is sounding the alarm about imminent hyperinflation. Elon Musk, CEO of Tesla and SpaceX, has issued a grave warning for the American economy. Musk claims that deflation will occur if the Federal Reserve raises

September 10, 2022 2 mins read

Bolt Cancels $1.5B Acquisition Deal of Wyre Payment

Bolt, meantime, has issued a statement promising to maintain its collaboration with Wyre. Wyre will continue to support Bolt in developing its crypto ecosystem. On Friday, US-based payments firm Bolt Financial Inc. said it was canceling its $1.5 billion acquisition deal with Wyre Payment Inc. The cryptocurrency market decline coincides

September 10, 2022 2 mins read

MicroStrategy Plans to Buy $500M Worth Bitcoin as per Filing

A prospectus for MicroStrategy was filed with the SEC on Friday. The company has contracted investment bank Cowen & Co to sell $500M stocks. MicroStrategy (MSTR), a publicly listed software firm, now has over 129,000 BTC in its reserves, making it the biggest corporate holder of Bitcoin. One month after

September 10, 2022 1 min read

European Central Bank Raises Interest Rates by 75 Basis Points

In July, it saw a half-point uptick—the first increase in 11 years. Lagarde predicts a significant slowdown in economic activity. Following a trend of interest rate increases from major central banks across the world, the European Central Bank decides to do the same. Since the beginning of this month, the

September 9, 2022 2 mins read

Bitcoin’s Recent Surges Resume the Uptrend, Will It Continue?

After witnessing a continuous collapse in the bearish market, Bitcoin (BTC) has climbed to $20,000 again. Over the past few days, the market dominator was going through a tremendous downfall. Even so, the coin started to witness a positive momentum again by registering a notable uplift during the past 24

September 9, 2022 2 mins read

 Looking Back Over Bitcoin’s 14 Year Journey

Bitcoin, the first cryptocurrency in the world was established in 2008. At the time, the majority of people were unaware of it, took it for a joke, and things have changed significantly since then. And the price of Bitcoin has been oscillating significantly since the beginning, rising to over $70,000

September 8, 2022 2 mins read

Is $18K the Pseudo Bottom for Bitcoin (BTC)?

Experts fear the current estimated support level of $18K may also be pseudo. The BTC market dominance fell from 39.14% to 38.2% in just 7 days. Bitcoin (BTC) falling price below $20K is moving faster towards the bottom of $18K. The market experts fear the current estimated support level of

September 7, 2022 2 mins read
Floating Icon