Increase in short-term BTC holders indicates “final flush” of sellers
The fact that short-term investors are increasing their BTC holdings suggests that significant sell-offs have occurred. The “last flush” of sellers, which might be indicated by a recent rise in short-term BTC holders , would indicate that the capitulation events have concluded and the market is now set for months of accumulation. According to the […]
TINA.org calls out 19 celebrities for promoting NFTs
Consumer watchdog group Truth in Advertising believes celebrities marketing NFTs on social media is rife with misinformation. Truth in Advertising (TINA.org), a watchdog organization for consumers, has accused 19 celebrities of endorsing non-fungible tokens (NFTs) without declaring their affiliation with the projects. On their website, the non-profit organization that promotes consumer rights claimed to have […]
Korean regulators look into banks linked to $6.5B Kimchi premium
South Korean financial watchdogs are investigating the enormous quantity of money sent outside from cryptocurrency exchanges. Investigations are being conducted into South Korean banks’ possible complicity in the $6.5 billion in shady international transfers that have been linked to businesses that deal in cryptocurrency arbitrage . The Financial Supervisory Service (FSS) reportedly authorized a probe […]
United Nations agency criticizes the use of cryptocurrencies
According to UNCTAD, stablecoins and cryptocurrencies are unstable financial assets that could worsen the situation for emerging economies. The impact of cryptocurrencies should be kept to a minimum in developing countries, according to the United Nations Conference on Trade and Development (UNCTAD). The organization claims that digital assets are unreliable financial instruments that could further […]
Monero uses hard fork to enhance privacy and security features
Despite government attacks on anonymity tools, Monero undertook a hard fork to become more private and secure. On August 13, Monero, one of the ecosystem’s most significant privacy protocols, carried out a protocol update to enhance a number of the network’s privacy and security features. Almost 4 months after it was announced, the hard fork […]