Hong Kong warns crypto firms against referring to themselves as “banks”


Hong Kong warns crypto firms against using the word “bank” The Hong Kong Monetary Authority (HKMA) says only licensed banks can take “deposits.” Using terms such as digital bank, crypto bank and crypto asset bank contravenes the Banking Ordinance. The Hong Kong Monetary Authority (HKMA) has warned crypto firms that it’s against the law for

Former SEC chair on Bitcoin ETF: ‘I think approval is inevitable’


SEC delayed its decision this week on applications for a Bitcoin ETF. Former SEC chair Jay Clayton talked Bitcoin ETF with CNBC on Friday. The world’s largest cryptocurrency is down 18% versus its YTD high. The U.S. Securities and Exchange Commission delayed its decision on a bunch of applications for a Bitcoin ETF this week.

Crypto price predictions: Akash Network, THORChain, Bitcoin SV


Cryptocurrencies dipped sharply as bond yields surged. Most coins attempted to bounce back, in what could be a dead cat bounce. Cryptocurrencies stabilized on Saturday after going through one of their worst performance in the past few months. After consolidating at $29,000 for weeks, Bitcoin plunged to $25,000. Sei, one of the newest tokens, plunged by

Block reports a 34% increase in its second-quarter Bitcoin revenue


Block reports market-beating results for its fiscal second quarter. It attributed nearly half of its quarterly revenue to Bitcoin sales. Shares of the fintech still ended nearly 15% down on Friday. Block Inc ended nearly 15% down on Friday even though it reported market-beating results for its second financial quarter. Bitcoin made up half of

Celsius reaches key settlements in bankruptcy proceedings


Celsius could return  customer assets by the end of the year after parties resollved two key bankruptcy issues. CEL price rose more than 12% to $0.18 before paring gains. The price of Celsius Network token CEL was up by more than 12% on Saturday afternoon to rank among the top gainers on the day as

Shiba Memu price prediction as presale rakes in over $215k


Key takeaways Shiba Memu has generated more than $200k in its presale stage. The team increases SHMU’s price daily, with the presale event set to last for eight weeks.  Bitcoin has maintained its value around the $30k level for the last two weeks. In addition to Bitcoin, other leading cryptocurrencies have performed well during that

DWF Labs vote of confidence to the WavesDAO project sends WAVES price up 91%


WavesDAO is a For-Profit DAO on the Power Protocol platform aimed to support the development of Waves Blockchain-based projects. Market maker DWF Labs has committed 500K WAVES to the WavesDAO project. The WavesDAO is seeking to channel a third of Waves miners’ rewards into the Waves DAO during the initiation period. WAVES price has hit

Nigeria’s SEC orders Binance Nigeria Limited to stop operations


Nigeria’s SEC said Binance Nigeria Limited is neither registered nor regulated and its operations in Nigeria are illegal. The order against Binance Nigeria Limited comes days after the US SEC sued Binance and its founder CZ. Nigeria’s SEC had previously said it viewed all crypto assets to be securities by default. According to a Friday

Bitcoin supply in loss at 68% after BTC price drop from $31k local top


Bitcoin supply in loss has risen to 68%, with 6.67 million BTC under water water at current spot price. Indeed, on-chain data shows 2.71 million BTC has fallen into loss as Bitcoin price dropped from the $31k local top. With sell-side risk ratio approaching its all-time lows, Glassnode analyst James Check says BTC could see

Binance announces exit from Canada


Binance says new guidance on stablecoins has made it untenable to continue operating in the country. New rules required exchanges to seek approval before allowing their customers to buy or deposit stablecoins. The exchange says it will continue to engage regulators even if it doesn’t agree with new guidance. Binance, the world’s largest crypto exchange

What moves the cryptocurrency market?


Bitcoin moves the cryptocurrency market  Its dependency on the US dollar increased  Bitcoin holders better believe that the US dollar is in a bearish market Investing in the cryptocurrency market is not for everyone. Volatility, for example, is much higher than in other markets.  Sometimes, for no apparent reason, the prices of various cryptocurrencies bounce

Scott Melker: crypto has to meet users where their needs are


Scott Melker says crypto won’t achieve mainstream adoption by trying to explain dank sharding and SHA-256, and trashing other coins. The Wolf Of All Streets believes mainstream adoption is being impacted by the approach being taken by the crypto community. Crypto leaders disparaging each other and trashing rival projects doesn’t help, he recently tweeted. Scott

US government plans to sell 41,490 BTC connected to Silk Road


The US government sold 9,861 bitcoin on 14 March, netting over $215 million. 41,490 BTC remain from over 51,000 seized in November and will be sold in four batches this year. Court documents show that bitcoin is connected to the darknet market Silk Road. The US government, which says it recently sold 9,861 bitcoin (BTC)

Helium price rising after confirmation of migration to Solana in March


The price of Helium has been rising since February 17 after the company confirmed it was set to migrate to Solana. Helium Network will also deploy oracles after migrating to Solana. At press time, HNT was trading at $2.87, up 1.45%. Helium price has been rising for the past two days straight after Helium Network

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