Author: CryptooTimes
CoinDCX’s acquisition of BitOasis opens new opportunities in the Middle East and ensures regulated and secure trading.
“It is something for the market to worry about in the short term,” David Brickell, head of international distribution at Toronto-based crypto platform FRNT Financial, told CoinDesk. “There might be some funding stress hangover post the [second] quarter-end. Yet, It’s reminiscent of the repo funding rate blow-up we experienced in 2019, We’re starting to see the strains of excessive government debt and Treasury bill issuance.”
According to Glassnode’s latest analysis, Bitcoin is stuck below the $64,000 mark, facing uncertainty in a slow-moving market. Bitcoin‘s price has stagnated between $60,000 and $64,000, indicative of a market grappling with indecision as investors await decisive movements. In a recent research report, analysts at blockchain research firm Glassnode noted that despite the uncertainty, the majority of the market remains profitable, primarily due to long-term holders. “As BTC prices sold off down into the $60k region, a degree of fear and bearish sentiment could be discerned amongst many digital asset investors. […] Nevertheless, from the lens of MVRV Ratio, aggregate…
Bitget is currently operating in the Indian market but faces some issues with signing up new users due to certain regulatory limitations.
Deal activity is also on the rise, with the announced transaction value in the second quarter hitting a record high of $2.7 billion, exceeding the combined value of the previous eight quarters, the report noted. Architect said confidence and momentum in markets are back, with the crypto winter in the past, and “professionalism, risk management, ethical behavior, and ‘doing it right’ are finally becoming the foundational principles of crypto.”
Afghanistan’s government, under the Taliban’s control, arrested eight cryptocurrency traders in Herat, a city on the Northwest side of the country. One of the crypto traders who prefers to stay anonymous told crypto.news that the Taliban arrested him and seven others for using crypto in May. They were imprisoned for 28 days in Herat’s central prison, he added. It’s important to note that the Central Bank of Afghanistan banned using cryptocurrencies in August 2022 — closing more than 30 crypto-related businesses in the region. The government called digital currencies and Forex trading “haram,” an Arabic term used for forbidden things…
Deutsche Telekom’s latest partnership with Subsquid follows its recent announcement to expand into Bitcoin mining at BTC Prague.
In this recent ruling, a court agreed that DraftKings’ NFTs involved an investment of money, pooled assets into a common enterprise with shared risks and profits, and created a reasonable expectation of profit from DraftKings’ efforts, thus plausibly classifying them as securities under the Howey test.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bonk leads memecoin gainers with an 8% uptick. Base Dawgz gains traction, raising $2.3M in presale. Bonk is leading crypto’s top memecoin gainers today with an 8% uptick. Its performance has garnered a lot of excitement – but can this continue into July? Analysts bullish as Bonk price starts road to recovery While Bonk’s daily gains are impressive, that’s only part of the story. Its price has also increased by 15% this week and 22% in the past two…
CleanSpark’s CEO Zach Bradford said his firm has set its sights on increasing future hash rate instead of branching out to alternative revenue streams.
