English News

(Coin Telegraph)-21/08/2024Bitcoin’s price closed below its 200-day exponential moving average (EMA) for the second week in a row, but over the past 24 hours, it has rebounded above $60,000. Several charts indicate that long-term holders remain unfazed by the current price action. Is a bullish breakout possible after August?Bitcoin long-term holder realized cap hits $3 […]

(Coin Telegraph)-21/08/2024China’s supreme court and public prosecutor have revised their interpretation of the country’s Anti-Money Laundering (AML) laws to recognize “virtual asset” transactions for the first time.The country adopted its existing AML law on Jan. 1, 2007, making the latest revision its first significant update in almost two decades.In an Aug. 19 conference, the Supreme People’s Court and […]

(Coin Telegraph)-21/08/2024The Hong Kong Monetary Authority (HKMA) has issued guiding principles for generative artificial intelligence use in consumer-facing applications to safeguard end-users. The HKMA, Hong Kong’s central banking institution, introduced reforms to its preexisting four pillars of guidance on the use of generative AI in a circular issued to authorized institutions mainly comprised of banks.The new […]

(Coin Telegraph)-14/08/2024Bitcoin’s price dropped by over 25% during the Aug. 5 global market rout. However, emerging signals suggest that this decline could be a bear trap, and the price may return to its course toward a new record high in 2024.Bitcoin downward momentum weakeningThe Bitcoin price shows signs of bullish divergence on the weekly charts.More specifically, BTC’s price […]

(Coin Telegraph)-14/08/2024Bitcoin may need a matter of months to stage a rebound and follow gold, one analyst argues.In an X post on Aug. 13, Charles Edwards, the founder of quantitative Bitcoin and digital asset fund Capriole Investments, said BTC price action still looks “promising.”“Rough rule of thumb” sees Bitcoin lagging goldBitcoin has disappointed on a macro level in recent […]

(Coin Telegraph)-14/08/2024The cryptocurrency and blockchain advocacy organization Texas Blockchain Council (TBC) announced it endorsed incumbent Ted Cruz for reelection in the United States Senate.In an Aug. 12 X post, president Lee Bratcher said the TBC would endorse the junior senator as Cruz addressed a crowd at a Core Scientific mining facility in Denton, Texas. Bratcher hinted the […]

(Coin Telegraph)-14/08/2024Multinational banking and financial services company DBS Bank collaborated with digital payment provider Ant International on a new blockchain-based treasury and liquidity management solution. On Aug. 13, DBS Bank announced the pilot launch of DBS Treasury Tokens, which Ant International will use for instant and multicurrency treasury and liquidity management.The new DBS Treasury Tokens to […]

(Coin Telegraph)-14/08/2024The New York State Department of Financial Services (NYSDFS) is seeking a specialist to help develop policies on cryptocurrencies, decentralized finance (DeFi) and artificial intelligence, among other related fields. The New York financial regulator is seeking candidates for a position within its Innovation Policy Unit, who will be specially tasked with tackling “cutting-edge policy issues” […]

(Crypto News)-07/08/2024Crypto investors and traders lost approximately $1.08 billion in total liquidations amid uncontrolled falling prices of prominent cryptocurrencies, including Bitcoin, Ether and Solana.On Aug. 5, crypto market prices saw a significant decline owing to the weakening global economy, which was catalyzed further by the sudden crash of Japan’s stock market. In the process, nearly […]

(Crypto News)-07/08/2024Over the past 24 hours, investors have withdrawn approximately $168 million from nine U.S. spot Bitcoin exchange-traded funds (ETFs).Over the last two days, net outflows from these ETFs have reached a staggering $405 million, according to data from Farside Investors.In contrast, spot Ethereum ETFs experienced net inflows totaling nearly $49 million during the same period.Grayscale’s […]

(Coin Telegraph)-07/08/2024According to Arkham Intelligence, a wallet believed to be controlled by the United States government transferred 300 Ether, valued at approximately $699,000, to a wallet address ending in “d46” on Aug. 5.The onchain analytics firm also claimed that the funds within the wallet, which now shows a balance of $0, resulted from a US […]

(Coin Telegraph)-07/08/2024The current crypto market crash is being directly linked to selling by Jump Trading, according to QCP Group, one of Singapore’s first digital asset trading groups.The price of Ether fell over 21% in the 24 hours leading up to 11:20 am UTC to trade at $2,252, according to Cointelegraph data.The crash to an over five-month […]

(Reuters)-31/07/2024The Swiss National Bank (SNBN.S), opens new tab swung to a loss of 2 billion Swiss francs ($2.27 billion) in the second quarter, the central bank said on Wednesday, as the rising value of the Swiss franc reduced gains from foreign currency investments.The result compared with a first-quarter profit of 58.8 billion francs, and came despite valuation […]

(Reuters)-31/07/2024A U.S. bank regulator is considering a stricter framework for how large asset managers like Blackrock (BLK.N), opens new tab and Vanguard can prove they are not influencing banks where they hold large stakes.The Federal Deposit Insurance Corporation voted on Tuesday to advance a proposal for the agency to exert more influence over whether asset managers or […]