JPMorgan Claims Crypto Market Has Reached a Bottom
Despite Chairman Jamie Dimon’s prior criticism of Bitcoin, JPMorgan Chase now seems to be on the side of cryptocurrencies. This is following a brief recovery bounce, the cryptocurrency markets are presently being rejected. JPMorgan claims that despite the present market concerns, the markets may have reached a bottom. The Merge results in positive market metrics […]
Optimism TVL surpasses $1 billion ahead of The Merge upgrade
Ethereum layer-2- scaling solution Optimism has surpassed $1 billion in total value locked (TVL) which is nearly 300% M/M as The Merge upgrade approaches. Total value locked (TVL) on Optimism, a layer-2 scaling solution for the Ethereum blockchain, has increased 284 percent in the last month, according to data from DefiLlama. Users lending and borrowing […]
Hotbit freezes customer payments due to employee’s criminal ties
The cryptocurrency exchange Hotbit announced on Thursday that it has “suspended trading, deposit, withdrawal, and financing activities.” Hotbit did not specify when they would be resumed. The cryptocurrency exchange explained the choice as follows: It’s not yet apparent how a former employee’s suspected criminal behavior resulted in a law enforcement budget freeze. “A former Hotbit […]
CFTC and SEC propose amending reporting rules for hedge funds
The SEC and CFTC cited development in the hedge fund business as the rationale for the proposed adjustment. Large advisers to certain hedge funds would be required to disclose any exposure to digital assets, according to a proposal from the Commodity Futures Trading Commission and the Securities and Exchange Commission of the United States. The […]
Breaking: Ripple Labs Likely To Buy Celsius Assets?
The creator of the XRP cryptocurrency, Ripple Labs, may purchase the assets of the Celsius network. Ripple labs, the blockchain payments startup is reportedly interested in Celsius’ assets, although the specific intentions are unclear, according to a Reuters story. However, neither company has made a formal statement about the interest in purchasing Ripple Celsius assets […]