Day: June 7, 2022

Indonesia-licensed crypto asset platform Pintu raises $113M in Series B

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Indonesian crypto asset platform Pintu announced the closure of a $113 million Series B funding round participated by four prominent investors Pantera Capital, Intudo Ventures, Lightspeed and Northstar Group.  Licensed by the Commodity Futures Trading Regulatory Agency (Bappebti) under the Ministry of Trade, Pintu caters to Indonesian crypto investors dealing in popular cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). Bappepti previously highlighted the doubling in the number of Indonesian crypto investors in 2021-2022, to which Jeth Soetoyo, Founder and CEO of Pintu, said: “We believe that crypto adoption in Indonesia…

Lawsuit Claims US Labor Department’s Crypto Guidance Is Unlawful – Regulation Bitcoin News

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The U.S. Department of Labor has been sued by a 401(k) plan administrator over its cryptocurrency guidance. “This lawsuit seeks to preserve the rights of American investors to choose how to invest money in their own retirement accounts.” U.S. Labor Department Sued Over Crypto Guidance The U.S. Department of Labor (DOL) and Secretary of Labor Martin J. Walsh have been sued over the department’s Compliance Assistance Release No. 2022-01. The guidance, titled “401(k) Plan Investments in ‘Cryptocurrencies,’” was issued on March 10. The lawsuit alleges that the Labor Department breached…

Indonesian Exchange Pintu Raises $113M to Meet Country’s Crypto Boom

“Crypto adoption is happening everywhere, and Indonesia has proven itself to be one of the world’s most rapidly growing markets for crypto assets,” Pantera partner Paul Veradittakit said in the press release. ”Crypto is a global asset class, and Pintu has become Indonesia’s premier portal to gain access to crypto and invest alongside global peers.” Source

Ethereum Logarithmic Regression

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io By using logarithmic regression, we can better understand the macro price movement of Ethereum. #Ethereum appears to be in long re-accumulation, and we could very well have some time to go yet before ultimately a breakout above a $4k that is sustained. I do believe Ethereum will break out of this range eventually but we will continue to stay here for a bit longer. Where do you think the price of Ethereum is headed? Let me know in the comments! Premium List…

Half of Asia’s affluent investors have crypto in their portfolio: Report

Affluent investors in Asia are neither shy nor ignorant about crypto, with research revealing that 52% of them held some form of a digital asset during Q1 2022.  According to research from Accenture published on June 6, digital assets, which include cryptocurrencies, stable coins, and crypto funds, made up on average 7% of the surveyed investors’ portfolios, making it the fifth-largest asset class for investors in Asia. It was more than they allocated to foreign currencies, commodities, and collectibles, and in some cases was on par with or exceeded the…

The Decentralized Mystique

New academic research on Bitcoin’s early years undermines its foundational myths of privacy through pseudonymity and decentralization, Jaron Lanier and Glen Weyl write. Source

New Research Unearths Insights Into Satoshi and Bitcoin’s Early Days

On one hand, their takeaway clashes with the stereotype (and perhaps, in some cases, self-image) of Bitcoin users, particularly early adopters, as cold-blooded individualists: “Rather than relying exclusively on a decentralized, trustless network of anonymous actors, Bitcoin depended on altruistic behavior by a group of anonymous agents,” the paper states. Source

Cardano Seems To Have Gained Its Bullish Streak Again, What’s Next?

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Cardano (ADA) has been one of the top gainers in the last 24 hours. Price of asset has pictured a bullish action on the daily chart. The bulls have regained strength and has continued to move past other resistance marks. The major resistance mark for the coin now rests above the $0.60 level. After the coin manages to trade above the aforementioned price level for the upcoming trading sessions, the bulls will find a strong footing. If ADA fails to cross above the $0.64 crucial resistance mark then the coin…