FTX tries to reclaim $11M from Crypto.com-controlled Alameda account
Alameda Research has filed complaints against crypto exchange KuCoin and Crypto.com to recover millions in locked funds as FTX prepares to repay users.
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Potential Bitcoin price double-bottom could spark BTC rally to $30K despite ‘extreme fear’
Bitcoin’s (BTC) price may climb by more than 50% in September, a month otherwise considered ominous for the cryptocurrency due to its poor historical returns. BTC price double-bottom and then to $30K?The conflicting upside signal comes from a potential double-bottom pattern on Bitcoin’s longer-timeframe charts against the United States dollar. Double-bottoms are bullish reversal patterns that resemble…

China’s digital yuan trials reportedly limited to small retail transactions
China’s central bank released a new statement to debunk some rumors. 1720 Total views 20 Total shares The People’s Bank of China (PBoC) announced that the test run of its central bank digital currency is currently limited to small retail transactions.According to the Global Times on Aug. 24, the central bank has clarified some details…

Bitcoin NFTs hit $4B in all-time sales volume
Bitcoin holds the top four spot in all-time NFT sales volume, following Ethereum, Solana and Ronin.

Bitcoin Price Trapped Below $8,500 as Bears Call for a Drop to $6K
Around this time last week, the situation was looking increasingly dire for Bitcoin (BTC) and murmurs of a drop to $6,000 and even $3,000 began to circulate amongst traders. Even today there are still those that consider this a real possibility and perhaps it is. For the moment, Bitcoin appears to have stabilized and traders…

Crypto Exchange With 2 Million Users Launches Apps for Apple and Android Devices
A crypto exchange that claims it has amassed more than 2 million registered users in the space of four months has released new apps for Android and Apple smartphones.As well as supporting transactions in a multitude of cryptocurrencies, Bitsdaq says its app offers real-time updates on movements in the markets — and enables users to make…

The crypto industry needs a crypto capital market structure
The past few weeks have been interesting and have surfaced what we in the financial services industry call matters requiring attention, or MRAs. An MRA describes a practice that deviates from sound governance, internal controls and risk management principles. These matters that require attention have the potential to adversely affect the industry and increase the…

M2 crypto exchange hacked for $13M, user funds already restored
The industry is still recovering from the $230 million WazirX hack, which occurred less than four months ago.

Crypto surges in Eastern Europe: DeFi drives 33% of transactions
Eastern Europe has become the fourth-largest cryptocurrency market in the world, accounting for over 11% of the total cryptocurrency value received worldwide.