Month: July 2022

Is the end of this crypto winter in sight?

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In this week’s episode of Market Talks, we welcome the founder, chief investment officer and managing director of Morgan Creek Capital Management, Mark Yusko. Mark W. Yusko is an investor and hedge fund manager. He is the founder, chief investment officer and managing director of Morgan Creek Capital Management and also the Co-Founder & Partner of Morgan Creek Digital. The main topic for discussion with Mark is if we are finally at the end of this crypto winter and what that could mean for the future of the crypto market.…

Crypto Exchange Kraken Under Investigation for Allegedly Allowing Iranian Sanction Evasion: Report

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Crypto exchange Kraken is reportedly under federal investigation for allegedly violating a US sanction against Iran. The US has imposed restrictions on activities with Iran following the hostage crisis at the American embassy in Tehran in 1979. As a result, US-based businesses are not allowed to buy or sell goods to anyone in the Middle Eastern country. Kraken is reportedly suspected of violating this sanction. Citing unnamed people affiliated with the exchange or who are familiar with the matter, The New York Times reports that the Treasury Department’s Office of…

Bitcoin Makes Surprise Climb As Fed Discloses 0.75 Point Rate Bump

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Bitcoin and the rest of the crypto market have been in a festive mood in response to the U.S. Federal Reserve’s interest rate hike, sending  both Bitcoin and Ethereum climbing in prices. The Fed’s announcement has sent Bitcoin’s price up by 5%. As of this writing, Bitcoin is trading at $22,837, up 7 percent in the last 24 hours. More so, Ethereum’s price also spiked by 11.6%; hitting $1,550, data from Coingecko show, Thursday. In fact, the entire crypto market is on a positive outlook with the total crypto market…

Is There Such a Thing as a Bullish Rate Hike? – Blockchain News, Opinion, TV and Jobs

By Ben Small, Analyst at the publicly listed digital asset broker GlobalBlock  The crypto market has started the second half of this week on the front foot on the back of the latest interest rate decision in the US. Despite starting the week under plenty of pressure in the build-up to the decision, a sea of green is showing across digital assets since. BTC rebounded back above the $23.840k mark placing the market leader comfortably within its higher ranges of the last 6 weeks. ETH has jumped by as much as 13% since…

After weeks of rumors, Thai crypto exchange Zipmex files for debt relief in Singapore

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In a document dated Wednesday, July 27, Thai cryptocurrency exchange Zipmex said that its solicitors in Singapore, Morgan Lewis Stamford LLC, filed five moratorium applications, or legal authorization to debtors to postpone payment, under Section 64 of Singapore’s Insolvency, Restructuring and Dissolution Act 2018 on behalf of the company. Zipmex seeks to protect itself against third party actions, claims, and proceedings for a period of six months while the filing is active. The announcement came just one week after its CEO and co-founder Marcus Lim publicly denied the firm was facing…

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Bitcoin And Ethereum Pump Above 10% Despite Negative U.S. GDP Report

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Summary: Leading cryptocurrency Bitcoin traded higher than $23K on Thursday. The top coin enjoyed a slight rally following Wednesday’s FOMC meeting. America’s Q2 GDP report was also released with the figure at -0.9%. The number signaled a recession per technical definition although authorities opined differently. Crypto coin prices flashed green regardless of the news with market leaders Bitcoin and Ethereum both in double-digit gains. The total crypto market cap is also above $1.1 trillion at press time. Major alts like Solana are up in gains as well.  Bitcoin stayed green…

UNI, BCH Surge by Over 20%, Hitting Multi-Month Highs – Market Updates Bitcoin News

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Uniswap was trading over 20% higher in Thursday’s session as the token rose to its highest point since April. This comes as crypto markets surged on Tuesday, in the aftermath of the Fed rate decision. Bitcoin cash moved to a six week high on the news. The global crypto market cap is 6.51% higher as of writing. Uniswap (UNI) Uniswap (UNI) was one of Thursday’s notable movers, as the token rose by nearly 30% in today’s session. Following a low of $6.77 during yesterday’s session, UNI/USD rose to an intraday…