Bitcoin, Crypto Market Fall 5% As EU Passes Rules Prohibiting Private Crypto Transactions
Bitcoin and the larger cryptocurrency market are once again under bearish pressure despite a solid start to the week. The cryptocurrency market as a whole has dropped 5% wiping out more than $100 billion in investor wealth. Bitcoin, on the other hand, is down 5.27 percent as of the time of writing this article and […]
U.S. Government Warns Crypto Companies Against Assisting Russia
The United States Government appears convinced that Russia could use cryptocurrencies to escape sanctions hereby warning crypto companies against helping Russia. According to Deputy US Treasury Secretary Wally Adeyemo, anyone who tries to help Russia avoid economic sanctions would be held accountable by the US government. This comes after the United States and its allies […]
Crypto Industry Meets Ahead of EU Crypto Regulation
Crypto industry representatives are aiming to limit the proposal’s potentially harmful influence on the sector’s development as the European Union institutions continue to debate on the controversial Transfer of Funds Regulation (TFR). The rule might open the door for a crackdown on “unhosted wallets,” or just plain crypto wallets, among other things. Every transfer of […]
WisdomTree Introduces Crypto ETPs in Europe
WisdomTree, a financial services provider, has launched a new set of crypto exchange-traded products (ETPs) in the European market. According to a press release, new ETPs covering Solana (SOL), Cardano (ADA), and Polkadot (DOT) debuted on the Swiss stock exchanges SIX and Börse Xetra on Tuesday. At the end of the month, Euronext exchanges in […]
Bitcoin (BTC) Short Squeeze; Latest Rally Erases $140 Million Shorts
Bitcoin’s recent bullish rally took BTC to 2o22 highs, caught many traders off guard as they were expecting a drop. As of Monday, approximately $140 million worth of Bitcoin short positions have been liquidated in the previous 12 hours, according to data. Short positions in the cryptocurrency market surged over the weekend, with traders likely anticipating a […]