Bitcoin‘s price soared above $66,000, coming close to hitting $67,000 momentarily before experiencing a sharp decline. Unfortunately for bullish investors and traders, this sudden drop left them with substantial borrowed funds at risk, resulting in over $200 million in losses on that day. But let’s not forget about altcoins. Many of them dropped even more … Read more
In simpler terms, approximately $210 million in cryptocurrencies have been sold off due to market instability, and most of these sales were from investors holding long positions. According to Coinglass’s crypto data, Bitcoin (BTC) has experienced a 4% decrease in value over the past day due to market instability. This downturn resulted in losses for … Read more
Russia’s central bank and Rosfinmonitoring are testing a novel system to follow the trails linking cryptocurrency transactions with traditional banking operations. Together, the Bank of Russia and Rosfinmonitoring, Russia’s primary financial intelligence agency, are developing a system to identify links between traditional banking activities and cryptocurrency transactions. This initiative aims to provide insights into the … Read more
Starting from now, the oversight of crypto-asset service providers (CASPs) falls under the jurisdiction of the government due to recently approved European Parliament regulations. Starting on April 24, a new law was approved with the goal of enhancing the “background checks and consumer verification processes” for businesses within its reach, including CASPs (Consumer Reporting Agencies … Read more
Morgan Stanley is considering broadening its Bitcoin ETF options by enabling its 15,000 brokers to propose these financial instruments to their clients in response to the escalating interest in cryptocurrency investments. At present, the bank permits the sale of Bitcoin ETFs only when clients explicitly request it. A possible change in policy could allow financial … Read more