Bitcoin’s weekend rally fizzles under $64K — Pro traders take neutral positions

Volatility metrics suggest Bitcoin price may revisit $10,000 before restarting the rally to a new 2020 high. 461 Total views 10 Total shares A recent report by cryptocurrency research firm, Zubr, found that despite being extremely volatile when compared to traditional asset classes, Bitcoin (BTC) maintains a “market equilibrium” nature for the majority of the…

Metapurse, a crypto and NFT fund financed by renowned NFT collector Metakovan and stewarded by Twobadour, recently announced that it had acquired all 20 of the 1/1 NFT artworks auctioned in December’s Beeple Everydays: The 2020 Collection.This in itself was a gargantuan undertaking, utilizing multiple accounts to put other bidders off the scent, costing around…

The lack of uniformity among different jurisdictions’ cryptocurrency laws makes it difficult for crypto exchanges seeking to expand to new markets. While some countries are embracing and fostering innovation, others are more hostile to Bitcoin (BTC) and other cryptocurrencies. Further exacerbating the difficulty is the lack of regulatory certainty in many jurisdictions, including the United…

In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain.According to the United Nations High Commissioner for Refugees, also known as the UN Refugee Agency, nearly 4…

The European Commission (EC) is offering grants to blockchain developers and other specialists for solutions that adapt technologies from civil to defense applications.On March 24, the EC published a European Defense Industrial Development Program tender calling on small-to-medium enterprises (SMEs) to propose rapid, cost-effective solutions — focused on new approaches and proposals for technologies or…

BitMEX, one of the most popular derivatives exchanges in the cryptocurrency market, has come under fire with accusations of being purposefully designed to facilitate “a myriad of illegal activities." The accusations were made in a lawsuit filed by BMA LLC in the United States District Court for the Northern District of California on May 16.In…

As an immediate countermeasure against the rising inflation of its fiat currency, the Russian central bank doubled key interest rates on Feb. 28, from 9.5% to 20% 702 Total views 20 Total shares U.S. dollar-pegged stablecoin Tether (USDT) witnessed a spike of over 30% in five days against the Russian ruble — highlighting the negative…

The first increase in trading volume in months was driven by market volatility following the SEC’s lawsuits against Binance and Coinbase, as well as improving sentiment via BlackRock's ETF filing. 241 Total views 1 Total shares The combined spot and derivatives trading volume on centralized exchanges (CEXs) climbed 14.2% in June to $2.71 trillion, according…

While critics wrote off much of the initial hype surrounding the tokenized real-world asset (RWA) market, the sector has been on a tear over the past year or so. In fact, Boston Consulting Group expects the tokenization of global illiquid assets to be a $16 trillion industry by the end of the decade.A variety of