Bitcoin price shows strength as investors anticipate return of money printing

Embattled cryptocurrency lending platform Hodlnaut cuts staff ahead of application for judicial management. 250 Total views 20 Total shares Cryptocurrency lending firm Hodlnaut has cut most of its workforce and has applied to be placed under judicial management due to bleak financial circumstances.Hodlnaut, which offers interest-bearing cryptocurrency investment options in vetted institutions, confirmed the dire…

The dominant sentiment of doom and gloom in the crypto market shifted toward hope on Jan. 25 after the price of Bitcoin (BTC) climbed to $37,500 briefly as stock markets staged a midday rally that recovered most of the losses from Jan. 24.Even with Jan. 25's recovery, global markets remain in a state of flux,…

In a cease-and-desist letter to fast-growing crypto exchange FTX, the Federal Deposit Insurance Corporation (FDIC) shed light on a now-deleted tweet from the exchange’s president, Brett Harrison, and issued a stark warning over the company’s messaging.Harrison’s original tweet said, “Direct deposits from employers to FTX US are stored in individually FDIC-insured bank accounts in the…

Police in China arrested 22 suspects allegedly involved in illegal crypto mining activity that led to energy loss worth of about $3 million, reports XinhuaNet, the official press agency of China, on July 12.Police in Jiangsu, China’s eastern-central coastal province, have reportedly seized 4,000 hardware units that were illegally used to mine cryptocurrency such as…

Gemini looks at regulation as a good thing, with the recently suggested conditional BitLicense as a move in the right direction. 355 Total views 19 Total shares Last week, the New York State Department of Financial Services, or NYDFS, proposed changes around its state-wide BitLicense legal guidelines. Gemini, a crypto exchange calling New York home,…

Major global crypto exchange Binance has listed trading pairs for USDSB, a Binance Chain-based version of StableUSD (USDS), the firm announced on June 24.As noted in the statement, Binance has launched trading for two trading pairs, including USDSB against major stablecoin tether (USDT), as well as the USDSB-to-USDS trading pair today at 10:00 AM UTC.Derived…

The NFT sector took the world by storm in 2021 as crypto and corporate sector influencers, globally recognized companies and popular sports teams embraced the growing digital collectible trend. After a brief sector-wide pullback which coincided with the market-wide declines seen beginning in May, the NFT sector roared back to life as collectibles like CryptoPunks, Pudgy Penguins and…

The rise of AI-driven crypto agents is following a familiar trajectory that mirrors the initial boom, bust and resurgence of ICO-era projects. Just as early blockchain ventures thrived on hype before maturing into sustainable ecosystems, the current wave of AI agent projects is undergoing rapid market shifts.  A new report by HTX Ventures and HTX

A rug pull is a type of crypto scam that occurs when a team pumps their project’s token before disappearing with the funds, leaving their investors with a valueless asset.  Rug pulls happen when fraudulent developers create a new crypto token, pump up the price and then pull as much value out of them as…