Widespread reports of a return of the kimchi premium appear to have been shrouded in confusion after bitcoin (BTC) prices plummeted briefly on a number of domestic exchanges before rising back above the USD 62,000 mark – while the market-leading Upbit platform suspended fiat withdrawals, possibly due to a banking issue. The platform announced that…
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Bitcoin price struggled to clear the USD 58,000 resistance zone. As a result, BTC reacted to the downside and traded below the USD 57,000 support. It is currently (12:00 PM UTC) showing signs of more losses and it could drop below USD 56,000. Similarly, most major altcoins are declining. ETH is down over 5% and…
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Arthur Hayes. As expected, former CEO of major crypto derivatives exchange BitMEX, Arthur Hayes, surrended in the US on April 6 and was released on USD 10m bond. He appeared before a federal judge in Honolulu, per Bloomberg report. As reported, per earlier agreement with law enforcement, Hayes will remain in Hawaii for a prescribed…
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The price of the most popular cryptocurrency, bitcoin (BTC), corrected lower following the much-anticipated announcement of Coinbase’s results. At 05:02 UTC, BTC trades at USD 57,576 and is down by 2% in a day and a week. The US-based major crypto exchange, that is preparing for a direct listing of its shares on April 14,…
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More South Korean crypto exchanges are almost certain to fold in the months ahead, regulators and industry insiders have claimed, with just five months left before some of the toughest policing measures in the world come into force. Per Fn News, regulatory sources familiar with the matter claim that “at least 10 exchanges” are on…
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The IMF’s Managing Director, Kristalina Georgieva. Source: A screenshot, Instagram/the_imf Global financial chiefs have suggested that they may look to more aggressive tax collecting measures in advanced economies as a means to dig the world economy out of a “disturbing” impending coronavirus pandemic-induced debt hole. The comments were made at a virtual summit of the…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news The Crypto Council for Innovation (CCI) announced their launch today, stating that their mission is "to unlock the transformational promise of crypto." CCI is a new alliance convened by Read more…
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Source: iStock/Bumblee_Dee Interest rate increases in the United States and elsewhere could weaken investors’ appetite for riskier investments, according to the International Monetary Fund’s latest World Economic Outlook report. This warning comes at a time when record-low rates have helped push institutions (and retail investors) towards bitcoin (BTC) and other cryptoassets, indicating that Read more…
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Mohamed El-Erian. Mohamed El-Erian, Chief Economic Adviser of German insurer Allianz, said that the rapidly rising interest in bitcoin (BTC) by investors worldwide is triggered by their belief in a continued private sector adoption, but that the cryptocurrency will establish itself only if governments permit it to. The President of Queens’ College, a constituent Read…
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Bitcoin price extended its rise above the USD 58,000 and USD 58,500 resistance levels. BTC even broke USD 59,000 and it is currently (04:30 UTC) consolidating gains. It seems like the bulls are now eyeing a fresh test of the key USD 60,000 resistance. Besides, most major altcoins are showing bullish signs. ETH traded to…
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