Tags : crypto

Cryptocurrency

These crypto analysts say Ethereum could reach $4,500 by 2022.

Ethereum (ETH) could be worth $4,596 by the end of 2021, say analysts on the latest quarterly Ethereum Price Predictions Report from the personal finance comparison site, finder.com. Finder’s global panel consists of 42 senior cryptocurrency specialists and academics who were asked to give their thoughts and price forecasts for ETH. Longer term, the panel […]Read More

Regulation

Early crypto exchange boss says China remains 50/50 on outright

The co-founder and former CEO of crypto exchange BTCC, Bobby Lee, said Beijing could move to ban Bitcoin entirely. Recent FUD activity, coming from China, was a factor in BTC’s unceremonious dump several months ago. Chinese authorities issued notices banning financial institutions from dealing with crypto firms to protect against financial risk. As well as […]Read More

Bitcoin

Amazon rumours lead to $1 billion in crypto ‘shorts’ getting

Data from market tool Bybt shows nearly $1 billion worth of ‘short’ traders—individuals betting on a market decline—were liquidated this morning, with $750 million of that amount coming from Bitcoin trades alone. It came on the back of crypto circles sharing an uncanny development on social media: That of global online marketplace Amazon ‘definitely’ accepting […]Read More

Regulation

Jim Cramer calls Tether (USDT) the ‘Achilles heel’ of crypto

Triggered by this week’s sell-offs, Jim Cramer expressed his concerns that Tether, as “the Achilles heel” of cryptocurrency, brings further risk exposure to markets. “Tether, which is the giant stablecoin, could be basically the Achilles heel of the entire Bitcoin operation, which is very worrisome because we don’t know what they own,” he told The […]Read More

Regulation

In throwback to Coinbase boss warning, the EU now looking

The EU is looking at stricter crypto controls under the guise of preventing money laundering and terrorist financing. Last year, Coinbase CEO Brian Armstrong raised concerns over rumors the U.S Treasury was moving to ban “anonymous non-custodial wallets.” This he deemed a step too far and would result in stifling the burgeoning crypto industry. In […]Read More

Regulation

SEC lays the smackdown on alleged $12 million crypto scam

The U.S Securities and Exchange Commission (SEC) takes action against alleged crypto fraud perpetrated by Profit Connect Wealth Services Inc. Through an emergency action filing, the U.S securities regulator obtained a temporary restraining order and froze the company’s assets in a bid to stop Profit Connect from operating. The SEC’s reputation has taken a hit […]Read More

Regulation

Crypto bank BlockFi faces regulatory block in New Jersey

The New Jersey Bureau of Securities has filed a cease and desist order against cryptocurrency lending company BlockFi, prohibiting it from accepting new clients for the firm’s Interest Account service in the corresponding jurisdiction. No BlockFi in New Jersey Forbes initially broke the news earlier today, citing a draft press release from the New Jersey […]Read More

Regulation

No shilling Dogecoin or Shiba Inu? How TikTok’s crypto ban

Celebrities shilling meme coins like Dogecoin, Shiba Inu, and Baby Doge Coin became a recurring theme throughout 2020 as the crypto markets rose. It initially came off as a real surprise to many—considering one of the biggest DOGE cheerleaders was Elon Musk, the world’s richest man, himself—but that sentiment slowly grew to disdain. The likes […]Read More