Month: September 2023

Luno to Temporarily Halt Investment for Some UK Users to Comply with New FCA Rules

The FCA announced in June that it would be classifying crypto as “restricted mass market investments”, which would require all crypto advertising and marketing media to contain clear warnings concerning the risks associated with crypto investments. Cryptocurrency exchange Luno will on 6 October temporarily halt some of its services in the UK, preventing some clients from making investments in crypto. In a statement for Coindesk, Luno’s Head of Public Policy, Nick Taylor explained that this was part of the Digital Currency Group subsidiary’s aim to bring its operations into compliance…

Privacy prevails and cypherpunks write code at Baltic Honeybadger

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Bitcoin’s spirit animal is the honey badger. Bitcoin evangelist turned Bitcoin Cash promoter Roger Ver first popularized the meme in 2013 when he paid $1,500 a month for a billboard in California to display “Bitcoin is the Honey Badger of Money.”  Since then, the honey badger has been an elusive beast, occasionally appearing in memes and tweets as well as at its annual hunt on the Baltic Coast of Europe. A Baltic Honeybadger sighting excites even the most hardcore Bitcoiners. Living on a diet of red meat and Latvian beer,…

Crypto Custodian Company Zodia Expands into Singapore

The company disclosed that its expansion into Singapore is not an isolated endeavor but a part of its broader global strategy. In a bid to cater to the surging demand for secure digital asset storage solutions in the Asia-Pacific region, Zodia Custody, a crypto storage provider and subsidiary of Standard Chartered Bank, has made its official entry into the market of Singapore, CNBC reported Tuesday. With this strategic move, the company has become the first bank-owned corporate entity to offer digital asset custody services to financial institutions in the country.…

UK Information Commissioner and NCSC CEO sign Memorandum of Understanding

The UK Information Commissioner, John Edwards, and the Chief Executive of the National Cyber Security Centre (NCSC), Lindy Cameron, have today signed a joint Memorandum of Understanding (MoU) that sets out how both organisations will cooperate. The MoU recognises that whilst both organisations have distinct responsibilities, there are opportunities to align work on some shared issues and deconflict on others. These include cooperation on the development of cyber security standards and guidance as well as influencing improvements in the cyber security of organisations regulated by the Information Commissioner’s Office (ICO).…

250% Rally Or All-Time Low?

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Shiba Inu (SHIB) is in a crucial make-or-break moment. Following a market-wide altcoin slump, SHIB’s price action is being shaped by two opposing chart patterns, both of which could have significant implications for the price’s future. A Tale Of Two Patterns For Shiba Inu The 1-week chart for SHIB reveals a tale of two patterns. On one hand, there’s the bullish triple bottom, suggesting a potential end to SHIB’s two-year downtrend. On the other, a descending triangle, which has been in the making for over 13 months, hints at a…

Negative BTC Price-Volatility Correlation Returns as Crypto Traders Fear FTX Creditor Liquidations

“The impending U.S. August CPI data will likely show a rebound in inflation, which means the Federal Reserve (Fed) will probably take additional liquidity-tightening measures to curb reflation. In liquidity redistribution, crypto assets are prioritized last, which means that the liquidity stored in crypto assets could be withdrawn and invested in assets such as cash or U.S. stocks,” Ardern said. Source

Bitget exec says KYC is useful to filter out illegitimate users

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Crypto exchange Bitget has grown significantly despite the challenges brought by the bear market. In 2023, the exchange announced two $100 million funds—one dedicated to crypto projects in Asia and another for maximizing the company’s long-term impact in the crypto space.  At the Bitget EmpowerX Summit held in Singapore, Cointelegraph’s Zhiyuan Sun spoke with Gracy Chen, the managing director of Bitget. The two spoke about Bitget’s growth amid the bear market, pausing its expansion in Hong Kong and the United States and why they believe that implementing Know Your Customer (KYC)…

Bitcoin (BTC) Price Tanks Under $25K, Altcoins Face Even Deeper Crash

Bitcoin and the broader crypto market have come under major selling pressure amid news of the FTX creditor liquidation. On Monday, September 11, the world’s largest cryptocurrency Bitcoin (BTC) faced a major price correction with its price taking a dip under $25K. However, the BTC price has recovered since and is currently trading at $25,807 levels. On the technical charts, the BTC price has formed a death cross pattern with its 50-day short-term moving average having breached its 200-day short-term moving average. This suggests strong bearish formations on the technical…