Saturday, September 25, 2021

Business

Huobi Appears to Have Suspended Mainland Chinese New User Registration — CoinDesk

Just a day ago, the People’s Bank of China (PBoC) published a notice containing vastly stricter restrictions on crypto trading, so strict that they would effectively ban it, if enforced rigorously. According to the notice, which was co-signed...

Market Wrap: Bitcoin Stabilizes After China Crypto Ban Sell-Off; Volatility to Remain Elevated

Bitcoin is stabilizing above the $40,000 support level after China’s latest crypto ban triggered immediate selling. BTC is down about 11% over the past week, compared to a 15% decline in ether over the same period. Analysts expect...

Kentucky Issues Cease-and-Desist Order Against Celsius Network

The Celsius Network has drawn the ire of Kentucky’s securities regulator in the latest legal move by a U.S. state against the crypto startup and its lending products.In a filing Thursday, the state’s Division of Securities, part of...

Italian Payments Giant Nexi Says It Is ‘Contributing’ to Design of Digital Euro — CoinDesk

In July, the ECB said it would move to the exploration phase of its plans to develop a digital euro. Earlier this month, advisor to the senior management of the Market Infrastructure and Payments business area of the...

Bitcoin Rises Even as Indicator Shows Extreme Bearish Sentiment — CoinDesk

Other traders remain active, seeking opportunities for investments that will outperform BTC by using options and futures strategies. “Over time, a lot of folks that deployed in crypto went for vanilla (passive) strategies, but saw that they could...

Altcoins Surge as Crypto Market Regains Steam

The crypto market is bouncing alongside equities Thursday, a day after the Federal Reserve announced monetary policy in the U.S. is about to become a lot tighter.While bitcoin and ether are trading 1% higher over 24 hours, prominent...

Custodian Cobo Wallet Closes $40M Series B to Expand Institutional DeFi Offerings

Singapore-based crypto custodian Cobo Wallet raised $40 million in a Series B round led by DST Global, A&T Capital and IMO Ventures.The funds will be used for Cobo’s so-called “DeFi as a Service (DaaS)” product. Speaking to CoinDesk,...

Riccardo ‘Fluffypony’ Spagni Released by US Court, ‘Actively Working’ on Return to South Africa — CoinDesk

A regional court in Cape Town oversaw charges against Spagni that included fraud but did not hear his testimony as he failed to appear in court, despite previously pleading not guilty. It was alleged Spagni had stolen roughly...

Asset Manager Osprey Launches Polygon Fund — CoinDesk

“Polygon is a disruptive layer-2 technology that gains from Ethereum’s secure network while mitigating common blockchain pain points, such as high gas fees and slow transactions,” Greg King, CEO of Osprey, said in a press release. “We’re excited...

Vee Finance Hit for $35M in Second Major Exploit on Avalanche — CoinDesk

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is...

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Huobi Appears to Have Suspended Mainland Chinese New User Registration — CoinDesk

Just a day ago, the People’s Bank of China (PBoC) published a notice containing vastly stricter restrictions on...