May 26 2023
On-chain analytics provider Santiment observed that Bitcoin traders often buy short-term, small crypto price dips but have been scared to buy the longer-term bigger ones. It added that mentions of buying the dip are dormant at the moment, suggesting very weak market sentiment. “Historically, this kind of #FUD has been good to capitalize on,” it …
May 25 2023
Strike, a Bitcoin payments company and remittance app, announced the integration of the world’s largest stablecoin, Tether’s USDT. The integration aims to address key challenges hindering the widespread acceptance of the industry, including the volatility aspect of crypto-assets. Tether said users will gain the ability to convert their digital assets into fiat currency swiftly with …
May 25 2023
The 19-year-old woman was arrested on Tuesday at Rio de Janeiro International Airport. She was found to be carrying the cocaine in 500 candies from a traditional Brazilian chocolate brand. The young woman intended to board a commercial flight that would make a stopover in Paris, France, before heading to her final destination in Nice. …
May 25 2023
Shanghai-based cryptocurrency exchange – Hotbit – announced its decision to stop all its operations starting May 22. The team behind the platform believes centralized exchanges are “becoming increasingly cumbersome.” It further added that the highly complex and interconnected businesses are difficult to comply with, whether for compliance or decentralization and are ‘unlikely to meet long-term …
May 25 2023
Ripple announced the acquisition of Swiss-based crypto custody provider Metaco. The deal, worth $250 million, surfaces as Ripple continues to defend against the long-drawn lawsuit from the US Securities and Exchange Commission. Ripple is expected to ramp up its enterprise offerings providing customers the technology to custody, issue, and settle any type of tokenized asset. …
Mar 23 2023
The US banking crisis harmed bitcoin’s price performance at the end of last week as the asset tumbled below $20,000 for the first time in two months. Bitcoin began adding a couple of grand daily, which resulted in breaking above $26,000 on Tuesday. After its initial retracement to $24,000, the cryptocurrency went on a roll …
Mar 23 2023
A recent report by David Duong, the head of institutional research for leading American crypto exchange Coinbase, suggests that crypto is the solution to the point of failure in the existing financial system. The researcher opined that the recent U.S. banking turmoil has caused more people to see and appreciate the value proposition of having …
Mar 23 2023
Olufunmilade Adeyemi was arrested in Ghana and extradited to his native Nigeria to face justice for allegedly stealing tens of thousands of dollars in sales of fictitious property. He somehow slalomed his way out of the process and four years later miraculously appeared in Sierra Leone posing as Harvard-educated business visionary Professor Alex O Phillips. …
Mar 23 2023
The bank’s sale to USB comes shortly after it reported its largest annual loss since the 2008 financial crisis. Its Hong Kong-based arm, Credit Suisse Securities, invests in listed Chinese entities, some of which are state-owned. Data from the Hong Kong Stock Exchange reveals the bank’s investments in sanctioned entities and companies connected to sanctioned …
Mar 22 2023
Seven-page testimony from Royal Thai Police Lt Col Manapong Wongpiwat was made to a member of the Judicial Commission. It describes how he was allegedly pressed into revoking the arrest warrant he had requested for Senator Upakit Pachariyangkun. The director of the Criminal Court reportedly said he was under pressure from an unnamed person to …