Nonfungible tokens soar even as Bitcoin price drops close to $32,000
Data from Cointelegraph Markets Pro shows NFT-related platforms like AUDIO, AXS and SLP as the top 24-hour gainers of the day. Go to Source Powered by WPeMatico
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S&P Dow Jones Indices launches new cryptocurrency indexes
The S&P Cryptocurrency Broad Digital Market Index is being launched alongside four other benchmarks that track cryptocurrencies based on market capitalization. Go to Source Powered by WPeMatico
Police Set New UK Record Seizing £180 Million Worth of Cryptocurrency
Britain’s Metropolitan Police have seized a staggering £180 million in cryptocurrency as part of a money laundering investigation. The announcement comes just weeks after Scotland Yard confiscated £114 million in crypto, breaking the previous record. UK Police Discover £180 Million in Crypto Linked to Criminal Transfers Law enforcement officials in the U.K. have announced the … Read more
Hedge funds see the crypto market decline as an investment opportunity
From rebalancing cash positions to announcing new investment products, hedge funds seem undeterred by the current crypto market decline. Go to Source Powered by WPeMatico
UK will hold back action against crypto ‘pockets of exuberance’ for now
The Bank of England’s latest Financial Stability Report took stock of the massive increase in crypto prices and trading activity this year. Go to Source Powered by WPeMatico
OK Group to help China combat money laundering with blockchain
OK Group will start working with Chinese authorities to combat money laundering using distributed ledger technology. Go to Source Powered by WPeMatico
Former Bitmain CEO Jihan Wu: Regulatory crackdown may be good for crypto
Wu also pitched Singapore, where his current company Matrixport is based, as a strong contender to serve as “a hub for crypto innovations.” Go to Source Powered by WPeMatico
Fidelity’s Crypto Branch to Increase Staff by 70%, President Sees ‘More Interest in Ether’
According to Tom Jessop, president of Fidelity Digital Assets, the company is planning to increase staff by 70% because demand for cryptocurrencies continues to keep the firm busy. Fidelity Digital Assets, the subsidiary of the wealth management firm Fidelity Investments Inc., has also seen a significant amount of demand for ethereum. Crypto Demand Pushes Fidelity … Read more
Bitcoin price is down, but here’s 3 reasons why $1B liquidations are less frequent
This year crypto derivatives traders faced some tough times, but the current situation seems much more favorable to Bitcoin bulls. Go to Source Powered by WPeMatico
Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation
Signs of BTC accumulation begin to emerge as the network’s hashrate rises and exchange outflows increase in July. Go to Source Powered by WPeMatico