Bitcoin exchange reserves near 7-year low as hedge funds buy the dip

While most cryptocurrencies have seen their market capitalization slashed over the past month, the market meltdown has seen stablecoins ascend the market cap rankings. As of press time, six stablecoins currently reside among the top 50 crypto assets by capitalization.USDT ranks fourth The largest-stablecoin by capitalization, Tether (USDT), currently ranks as the fourth-largest cryptocurrency with a market…

BTC bulls seem to believe the bounce off $39,650 marked the bottom, but bears warn that a looming death cross on the daily chart is a sign of further downside. 432 Total views 9 Total shares Bitcoin price made a quick pop above $43,100 in the U.S. trading session but uncertainty is still the dominant…

American stock brokerage Robinhood Crypto has officially launched its zero-fee crypto trading app in New York, the company announced in a blog post on May 23.Following the acquisition of a BitLicense by the New York State Department of Financial Services (DFS) in January 2019, Robinhood now allows New York citizens to trade in seven major…

On April 9, Reuters reported that a Chinese government agency is considering the elimination of crypto mining in the country. Given that China has been hosting the majority of mining pools on its soil, the global crypto industry might be poised to take a massive hit. However, the plan is not written in stone at…

On July 13, 2023, United States District Court Judge Analisa Torres ruled that Ripple’s XRP (XRP) token should not be considered a security when sold on retail digital asset exchanges.Stuart Alderoty, chief legal officer at Ripple, told Cointelegraph that last week’s ruling makes it clear that the U.S. Securities and Exchange Commission’s (SEC) theory that…

U.S. lawmakers argued that a potential spot Ether ETF would offer investors access to ETH in a more regulated and safe format.

The Australian Federal Police revealed that scammers are using deepfakes and pig butchering as their primary methods to defraud victims. 

On April 17, the price of Solana (SOL) crept lower in the wake of similar price moves across the top-ranking cryptocurrencies, including Bitcoin (BTC) and Ether (ETH).SOL's price dropped over 4% under $24.50 despite rising to $26 — a two-month high — earlier in the day. In comparison, BTC's and ETH's prices dropped 3.5% and 3%,…

El Salvador’s Bitcoin Law requires maintaining an AML program, recording company assets and implementing a cybersecurity system. Only 20 of the 181 Bitcoin service providers registered with El Salvador’s central bank are operational, with the rest failing to meet the country’s requirements under its Bitcoin Law.  Local media outlet El Mundo cited data from the