Day: April 3, 2023

Crypto market momentum stalls as traders await the results of recent regulatory actions

Cryptocurrency markets have been trading within an unusually tight 5% range since March 17 as conflicting forces continue to pressure the sector. Consequently, in the past 7 days, the total market capitalization gained 3.8%, which was driven mainly by Bitcoin’s (BTC) 3.6% price increase and Ether’s (ETH) 5% gain. Total crypto market cap in USD, 12-hour. Source: TradingView On March 27, the Commodity Futures Trading Commission sued Binance and Changpeng “CZ” Zhao for allegedly violating trading and derivatives rules, heightening regulatory uncertainty. According to the lawsuit, Binance provided access to…

IG Group Acquires Small Exchange from Crypto.com’s Parent

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IG Group, a London-headquartered spread betting and CFD trading provider, has entered into an agreement to acquire futures exchange, Small Exchange, from Foris DAX Markets, the parent company of Crypto.com. The deal comes a year after the holding group completed the sale of its 39% stake in the Chicago-based exchange. In December 2021, IG Group agreed to sell its subsidiary North American Derivatives Exchange (NADEX) as well as Small Exchange, noting that the deal “delivers a significant return” on the previous investments made in these entities and “enables additional investment…

Price analysis 4/3: SPX, DXY, BTC, ETH, BNB, XRP, ADA, MATIC, DOGE, SOL

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Macroeconomic headwinds continue to pressure the crypto market, but bulls appear steadfast on holding $28,000 for support and this could provide tailwinds for altcoins. Bitcoin’s (BTC) price initially dipped, but then recovered on April 3. The volatility happened after several OPEC+ members announced plans to cut oil production totaling 1.65 million barrels per day until the end of the year. Some analysts expect this move to tighten supply, resulting in higher prices at the pump. That may in turn boost inflation, warranting a continued hawkish stance from central banks. Initially,…

KuCoin Wallet spins off from KuCoin exchange, renames as Halo Wallet

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Decentralized wallet KuCoin Wallet announced on Apr. 3 that it has rebranded as Halo Wallet and launched a new SocialFi ecosystem. According to the announcement, the newly independent Halo Wallet received a fresh round of financing from several investors, including KuCoin Ventures, IDG, HashKey Capital, and other Web3 strategic partners.  1/ We’re thrilled to announce that #KuCoinWallet has officially rebranded to Halo Wallet! With a brand new name, new logo, new UI, new roadmap,  #HaloWallet is ready to innovate the next stage of #Web3 social #crypto wallet! Learn more⬇️https://t.co/GoYVvKdYoi — Halo…

Bitcoin in strong accumulation zone, may rally

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On-chain analytics firm Glassnode’s data reveals that bitcoin investors have recently been aggressively accumulating the cryptocurrency, a trend that may help prolong the ongoing rally. The “accumulation trend score” is the key indicator being analyzed, as it reflects whether bitcoin investors have been accumulating or distributing the digital asset over the past month. Bitcoin: Accumulation Trend Score chart | Source: Glassnode The accumulation trend score not only signifies the volume of coins being bought or sold by holders, but also the wallet sizes of the participants involved in the accumulation…

Senator Warren knocks crypto amid coordinated attack on bitcoin

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A growing coordinated attack against bitcoin (BTC) and the wider cryptocurrency industry has recently intensified, with U.S. Senator Elizabeth Warren (D-Mass.) expressing hostility towards digital assets. Key stakeholders in the industry, however, have been inadvertently providing ammunition to detractors by engaging in activities that raise ethical and legal concerns. Crypto growing pains One example is the recent controversy involving Arbitrum, a popular layer two scaling solution for ethereum (ETH). The project has faced criticism for allocating funds before securing proper community approval through a vote. This incident has sparked a…

Law Decoded, March 27–April 3

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Last week brought troubling news for the world’s largest crypto exchange, Binance. The United States Commodity Futures Trading Commission accused the company and its CEO, Changpeng “CZ” Zhao, of trading violations. According to the lawsuit filed by the CFTC, Binance has conducted transactions for U.S. customers without proper registration since at least 2019.  According to the CFTC, Binance obscured the location of its executive offices, using 300 “house accounts.” The Commission has also accused the platform of keeping the information a “top secret,” and alleged that the exchange refused to…

SEC will conduct investor education events including ‘cautious’ approach to crypto

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The United States Securities and Exchange Commission has announced a series of educational events targeting underrepresented communities and others — but suggested participants would be taught to “exercise caution” on crypto. In an April 3 announcement, the SEC said it will reach out to groups including high school students, members of the military, older investors, and native Americans in an effort to promote financial literacy. However, the financial regulator suggested its approach at such events could include “how to avoid becoming a victim of fraud” using cryptocurrencies. The SEC cited…

Top 9 hacker and cybersecurity movies

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Watching hacker and cybersecurity movies can be both entertaining and informative. These movies can provide a glimpse into the world of cybersecurity, hacking and cybercrime, which can be fascinating and thought-provoking. Also, these films frequently emphasize the value of cybersecurity and the possible repercussions of a security breach. Insights into the strategies and methods employed by hackers and cybersecurity experts may also be gained from them. One can learn more about the present state of cybersecurity and the difficulties that people and companies encounter when attempting to safeguard their data…