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Blockchain

UK sharpens focus on crypto regulation in latest anti-money laundering report

The UK Financial Conduct Authority (FCA)’s recent anti-money laundering and counter-terrorist funding (AML/CTF) efforts have focused heavily on crypto The UK Treasury said in a May 1 report
Blockchain

Senator Lummis ‘deeply concerned’ by Biden administration’s actions against DeFi, non-custodial wallets

Senator Cynthia Lummis expressed deep concern regarding recent actions by the Biden administration, which she perceives as a threat to the principles of the Bitcoin network and the broader DeFi
Blockchain

Bitcoin fights to get above $58,000 as Fed maintains unchanged rates

Quick Take The Federal Reserve has opted to maintain the fed funds rate within the range of 525% to 550% Preceding this decision, Bitcoin experienced a decline from approximately $64,000 to a low of
Blockchain

Tether reports record $4.52 billion profit in Q1 despite shrinking market share

Stablecoin issuer Tether (USDT) achieved a historic net profit of $452 billion in the first quarter despite facing a significant drop in market share Record net profit According to the attestation
Blockchain

Bitcoin’s recent decline mirrors past cycle trends

Quick Take Bitcoin has undergone a correction of approximately 23% from its peak of $73,600 in March Analyzing historical cycles can offer valuable perspectives on its current price dynamics
Blockchain

Liquidation heatmap shows volatility ahead as Bitcoin drops to $57k

Monitoring liquidation levels is crucial during periods of price volatility, as they indicate where significant price movements can occur due to forced sell-offs or buy-ins  Tools like
Blockchain

Changpeng Zhao says crypto has entered new phase where ‘compliance is super important’

Former Binance CEO Changpeng Zhao said the crypto industry has entered the next phase where “compliance is super important” The convicted founder made this statement after being sentenced
Blockchain

Bitcoin ETFs endure outflows, totaling $635 million over five trading days

Quick Take Farside data shows that Bitcoin (BTC) exchange-traded funds (ETFs) experienced another outflow of $1616 million on April 30 Currently, BTC ETFs are seeing a joint record stretch of
Blockchain

Bitcoin faces potential miner capitulation as hash rate continues to drop

Quick Take CryptoSlate’s analysis sheds light on the anticipated hash rate adjustment, with historical trends indicating a potential 20% decrease post-halving Past cycles reflect significant
Blockchain

Restrictive OTC regulations for institutions amid Hong Kong ETF launch – BitGo APAC director

Hong Kong has emerged as a key player in the race to become Asia’s premier crypto hub, as it launched the region’s first spot crypto ETFs on April 30 with a day-one inflow of over $130
Blockchain

Bitcoin begins May with plunge to two-month low as crypto market sees widespread losses

The crypto market started the new month of May in red, with Bitcoin’s price plunging to a two-month low of under $56,500 This decline extends the downtrend from April, marking
Blockchain

Google US market share drops below 80%, lowest since 2009 as Bing AI usage spikes

According to the latest data from web analytics firm StatCounter, Google’s share of the North American search market has fallen to its lowest point since 2009, with Bing and Yahoo making
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