Day: December 12, 2022

Regulators Should Protect Crypto Investors at the Point of Trust, Not the Blockchain

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South Korean Authorities Say Former Terra Boss and Now Crypto Fugitive Is in Serbia 

In September, the South Korean government nullified the validity of Do Kwon’s passport. A recent report from South Korea’s prosecutors’ office says Do Kwon, the former co-founder, and CEO of Terra, now lives as a crypto fugitive in Serbia. The one-time crypto billionaire has been on the run since the Seoul Southern District Prosecutor’s Office’s Financial and Securities Criminal Unit issued an arrest warrant against him. According to the unit, Kwon provided false information to TerraUSD and Luna token investors in September 2022. The aftermath of Kwon’s action resulted in…

Grayscale Acknowledges First SEC Filed Legal Brief in Ongoing Spot Bitcoin ETF Lawsuit

Crypto asset manager Grayscale stated that the SEC had filed its first legal brief detailing its refusal to allow spot BTC ETFs. Grayscale Investments said the Securities Exchange Commission (SEC) has filed its inaugural legal brief in the ongoing crypto lawsuit. The digital currency asset management firm is currently entangled in a legal battle with the SEC over the rejection of its spot Bitcoin ETF application. In a statement issued on Friday, Grayscale said: “This is the next milestone in our ongoing litigation following the filing of our opening brief on October 11th and the supporting amicus…

US Prosecutors Look to Charge Binance and CZ for Possible Money Laundering Violations: Reuters

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity…

What is a Doji candle pattern and how to trade with it?

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The Doji candlestick, also called a Doji star, shows indecision between buyers and sellers in the crypto market. This type of candlestick is confirmed on a technical analysis chart when the opening and closing prices are almost identical. What is a Doji pattern on the candlestick chart? In simple terms, a Doji shows that an asset’s buyers and sellers offset each other. In doing so, any attempts to push up the price by the buyers get thwarted by the sellers. Similarly, efforts to crash the prices from the sellers’ end…

BITCOIN WHALES ARE BUYING (Price Target)!! Bitcoin News Today, Ethereum Price Prediction (BTC & ETH)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io BITCOIN WHALES ARE BUYING (Price Target)!! Bitcoin News Today, Ethereum Price Prediction (BTC & ETH) Welcome back to the Crypto World! In this video I reveal my next Ethereum Price Prediction and my next Bitcoin Price Prediction! Make sure to watch the WHOLE video so you don’t miss out on this valuable information & leave a LIKE and SUBSCRIBE for more videos like this! 🚨 JOIN MY BYBIT TEAM 👉 👈 💰 Learn Technical Analysis Here 👉 👈 ► I trade on…

Major NFTs See Sales Surge While ETH Remains Unchanged amid Crypto Winter

Several major NFTs saw a surge in sales and transaction volumes yesterday, with at least one climbing over 1000%.  Sales and transactions of major NFTs (non-fungible tokens) hit a surge yesterday, December 11th, even though Ether (ETH) price remained largely unaffected. This recent rally in NFTs comes amid dwindling prices of digital assets due to the ongoing crypto winter. Azuki, CryptoPunks among Major NFTs that Saw Sales Surge The trading volumes of some choice NFT projects, such as Azuki and BEANZ, rallied to fresh heights over the last 24 hours. For…

Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits – Exchanges Bitcoin News

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Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and withdrawal limits. Bybit to Limit Services for Traders Who Have Not Passed Identity Verification Crypto exchange Bybit will restrict some services that are currently available to users who are yet to pass its verification procedure. The crypto trading platform, one of the largest with global reach, announced the enhanced KYC requirements on Thursday and later adjusted the timeframe…

Crypto Should Be Banned and Not Regulated, Dem-Senator Jon Tester Says

Sen. Tester thinks the only possible use of cryptocurrency is the synthetic market to access global investors. In an interview with Meet the Press over the weekend, United States Democratic Senator Jon Tester said that the most prominent crypto has not passed the smell test and should therefore be banned instead of regulating the industry. According to Tester, regulating the cryptocurrency market will show people that the industry is real. Tester noted this, including the fact that the cryptocurrency market significantly contributed to the 2022 midterm elections in the United…

Industry execs voice confidence in DeFi adoption despite security flaws

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With decentralized finance (DeFi) being a hub for various hacks and exploits, some may feel discouraged or wary of entering the space. However, professionals within the crypto space are confident that DeFi will have broader adoption in the future.  From educating institutional investors to eliminating user experience barriers for retail investors, Web3 executives shared their thoughts on how broader DeFi adoption can be achieved. Speaking to Cointelegraph, Anton Bukov, the co-founder of 1inch Network, believes that recent events in centralized finance (CeFi) have highlighted the importance of DeFi. The executive…