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Crypto

Bitcoin drifts toward $60,000 as traders brace for potential washout: Crypto Markets Today

Bitcoin drifts toward $60,000 as traders brace for potential washout: Crypto Markets Today

2 months ago by Crypto InsightsCrypto

Bitcoin BTC$63,304.16 fell for a fourth straight day to around $63,100, its lowest since Feb. 6’s $60,200, CoinDesk data show. The latest move to the downside coincides with risk-off sentiment from investors across global markets. U.S. equities have lost ground this week, and the dollar… Read More

Elliptic flags Russia-linked crypto exchanges over sanctions exposure risks

Elliptic flags Russia-linked crypto exchanges over sanctions exposure risks

2 months ago by Crypto InsightsCrypto

Several Russian-linked crypto exchanges continue to allow transactions linked to sanctioned entities, according to a report published Friday by blockchain analytics firm Elliptic. The report outlines how certain platforms enable users to convert rubles into cryptocurrencies, transfer funds across borders outside traditional banking channels, and… Read More

Crypto, Banks Meet Again to Move Forward Crypto Bill

Crypto, Banks Meet Again to Move Forward Crypto Bill

3 months ago by Crypto InsightsCrypto

The White House has reportedly refocused talks between crypto and bank lobbyists on limiting how stablecoin rewards should be paid in the third meeting between the two groups over a crypto market structure bill. Crypto and banking industry representatives met at the White House on… Read More

Crypto slides as tech stocks and gold retreat; bitcoin-Nasdaq correlation turns positive

Crypto slides as tech stocks and gold retreat; bitcoin-Nasdaq correlation turns positive

3 months ago by Crypto InsightsCrypto

The crypto market continued to exhibit weakness on Tuesday morning, broadly following a tech selloff across U.S. equities and a correction in the price of precious metals. Bitcoin trades at $68,000, down 1.25% since midnight UTC, while Nasdaq futures and gold lost 0.55% and 2.4%… Read More

Inside the sanctioned stablecoin issuer A7A5’s race to build a crypto giant

Inside the sanctioned stablecoin issuer A7A5’s race to build a crypto giant

3 months ago by Crypto InsightsCrypto

HONG KONG — Oleg Ogienko, A7A5’s director for Regulatory and Overseas Affairs, is looking to debate anyone who accuses him of breaking any compliance laws through his stablecoin company. Speaking to CoinDesk during Consensus Hong Kong, the public face of the Ruble-denominated stablecoin issuer A7A5… Read More

Hong Kong regulator approves first crypto company license since June last year

Hong Kong regulator approves first crypto company license since June last year

3 months ago by Crypto InsightsCrypto

Hong Kong’s Securities and Futures Commission (SFC) granted a crypto license to Victory Fintech (VDX), an affiliate entity of publicly listed financial services firm Victory Securities (8540). Victory won permission to operate a digital asset trading platform on Friday, according to the SFC’s registry of… Read More

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