Bitcoin miners steamrolled after electricity thefts, exchange ‘closure’ scam: Asia Express

Bitcoin (BTC) is “very close to the bottom” and still commands a bullish long-term view, institutional crypto firm Stack Funds believes.In its latest report issued on June 23, analyst Lennard Neo said that despite the price meltdown, there was no reason to flip bearish in BTC.Stack: BTC macro view "remains the same"The report came the…

SoFi started offering crypto services even before becoming a bank, and its banking license might change how it hodls crypto. 515 Total views 11 Total shares The San Fransico-based SoFi bank holds almost $170 million in crypto on its balance sheet, according to its second quarter (Q2) earnings report. The United States bank, which serves…

Bitcoin joins gold in rising as markets see a bigger chance of a 0.5% interest rate cut.

Patrick Harker, President of the Federal Reserve Bank of Philadelphia, has claimed central bank digital currencies are inevitable.However, the financier believes the United States should not lead the way, given the dollar's role as the world's reserve currency.According to a Reuters report on Oct. 2, he told a community banking conference:“It is inevitable... I think it is…

The list of exchanges suspected of servicing South Koreans without VASP reports includes KuCoin, BitMEX, CoinW, Bitunix and KCEX. 599 Total views 1 Total shares South Korean authorities are reportedly looking into blocking crypto exchange platforms that may have operated without adhering to the requirements set by the country’s financial regulator.  On March 21, local

Managing director and quant strategist at Fundstrat Global Advisors Sam Doctor suggested in a Twitter post published on July 19 that Bakkt’s Bitcoin (BTC) futures contracts will launch this quarter.According to the post, which includes a summary of Fundstrat’s takeaways from the Bakkt Digital Asset Summit held on July 18, the firm’s futures will launch…

Buyers, sellers, inflows and transactions have all taken significant dives on the Friend.tech platform after its launch just over two weeks ago, prompting some critics to herald its death. 137 Total views 3 Total shares Less than three weeks after its launch, the decentralized social network Friend.tech has already been declared "dead" by critics,  following…