A relief rally by most cryptocurrencies on Wednesday was welcome after a dull week. As to whether the gains will be sustainable, time will tell. However, Litecoin (LTC/USD) gains were more promising, setting the token among those that could end the year in the green. Litecoin saw increased social interest on Wednesday, with the cryptocurrency gaining […]
Tag: STO
Market Update: Core Scientific and Iris Energy Troubles Deepen as Bitcoin Price Struggles at $16K
For the better part of this year, Bitcoin mining firms have operated under strain against an adverse macro environment and extended digital assets bear market. The thus-far released quarterly (Q3) operations and financial reports have shown that most miners are in an exhausted financial state, with some facing a potential folding if current conditions persist […]
Congressman Says FTX Not Failure of Crypto, Blames SEC, SBF, CeFi
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. In a recent interview, the crypto-friendly Congressman from Minnesota, Tom Emmer, spoke on his views regarding the recent collapse of FTX. Emmer called the implosion a fault of centralized finance and wondered what the […]
BitPanda and Bitget Each Look to Expand Operations with New Licensing and Registrations
Progress can not stop because of a few bad actors. So while FTX and companies with exposure to the now defunct exchange struggle to pick up the pieces, there are still examples of centralized exchanges forging a path forward as they look to expand operations through licensing and registrations. The following are a couple examples […]
US Senators Urge Fidelity to Discontinue Bitcoin 401(k)s
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Three US Senators sent a letter addressed to Abigail Johnson, the CEO of Fidelity Investments urging her to reconsider the inclusion of Bitcoin into her company’s 401(k) plans. One of the main reasons cited […]
Two Arrested in Tallinn by FBI and Estonian Police for $575M Crypto Fraud
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The United States Department of Justice announced today that two Estonian citizens have been arrested and indicted for committing cryptocurrency fraud and laundering money. The “enormous Ponzi scheme” saw prospecting investors defrauded of almost […]
Get Ready to Bet on World Cup with Crypto
As the world gathers around Qatar to begin one the most spectacular events in the world’s history, the question is, are you ready to follow where the ball leads? Now is the time for the biggest football event in the world. Not only can you watch spectacular matches, but you can also profit from your […]
Bitcoin Mining Difficulty Hits New ATH of 36.95T Despite Selloff
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The bitcoin mining difficulty soared to a new all-time high after climbing over 0.5% on Monday, according to on-chain data. The increase in difficulty came in the face of a sharp slump in Bitcoin’s […]
Short ETH Funds Saw $14M in Weekly Inflows, Largest on Record
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Digital asset funds recorded inflows of $44 million last week, 75% of which went into short investment products, according to a report by CoinShares. The new data suggests that investor sentiment was largely negative […]
Singapore’s Regulators Clarify FTX-Binance Issue, Says Investors Not Protected
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. The Monetary Authority of Singapore (MAS) released a statement Monday aimed at clarifying common misconceptions regarding the FTX and Binance in the city-state. Among other things, the MAS explained why it was impossible to […]
