Consumer Price Index (CPI) Report Expected to Provide Some Guidance as to Potential Bitcoin Rally

Bitcoin bulls may be hoping that the expected CPI report may present some respite for BTC, which has struggled to maintain momentum. The general financial market is anticipating the Consumer Price Index (CPI) today to put some figures in perspective regarding the state of the economy. In addition to economic indicators, the content of the expected CPI will hopefully provide bulls with information that may pump Bitcoin. Bitcoin and the CPI For a few weeks, the market witnessed an interesting rally that saw the price of Bitcoin climb almost 40%. However,…

Taiwan’s Crypto Exchange Faces Money Laundering Charges, COO Arrested

Bitgin, a cryptocurrency exchange operating in Taiwan, is facing a police investigation for money laundering following the arrest of its Chief Operating Officer, Yuting Zhang, for his alleged role in a major money laundering scandal, local media reported. Zhang’s association with the ’88 Guild Hall’ money laundering incident from late 2021 to March 2022 was also confirmed by the crypto exchange in an official statement. The ’88 Guild Hall’ controversy erupted in Taiwan, exposing a massive money laundering scandal. Two local businessmen, Zhemin Guo and Chengwen Tu, are primarily accused…

Ethereum Holds Ground As The Bulls Prepare For A Fresh Surge

Ethereum price is struggling to gain strength above $2,100. ETH is consolidating above $2,000 and might start a fresh surge if it clears $2,100. Ethereum is showing positive signs above the $2,000 support zone. The price is trading above $2,010 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance near $2,090 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it clears the $2,100 resistance zone in the near term. Ethereum Price Remains In…

Bitcoin Price Lacks Momentum Above $37K, But Dips Likely To Be Limited

Bitcoin price is consolidating gains below the $37,000 zone. BTC could gain bullish momentum if there is a close above the $36,800 and $37,000 levels. Bitcoin is holding gains above the $36,000 support zone. The price is trading below $37,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $36,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could make another attempt to gain strength above $37,000. Bitcoin Price Holds Key Support Bitcoin price made…

Crypto.com Gets Licence to Operate Specified Services in Dubai

The exchange will then get operational approval to provide “exchange services, broker-dealer services, management and investment services, and lending and borrowing services.” The Singapore-based exchange completed its licensing process in Singapore in June and has had regulatory victories in the Netherlands, U.K., France and Brazil. However, it has also suffered workforce cuts and difficulty maintaining fiat on-ramps during the recent banking crisis. Source

Aave’s stablecoin GHO hits minting limit

Users and traders can no longer create new GHO stablecoins by minting, but they still can be purchased on secondary markets, says the top Aave contributor.  Marc Zeller, founder of the Aavechan initiative, said demand for GHO has driven the token to its minting cap, meaning that users would be unable to create new coins for the foreseeable future.  However, interested parties can still scoop the stablecoin on secondary markets where GHO trades five cents below its promised $1 peg. The crypto is available on Balancer, Maverick, and Uniswap, per…

XRP Price Leaps 16% On Fake BlackRock ETF Filing: Details

On late November 13, the XRP price experienced a significant surge, momentarily jumping by 16% following a purported exchange-traded fund (ETF) filing by BlackRock, which quickly turned out to be fake. The incident began when X (formerly Twitter) users shared a filing in Delaware suggesting that BlackRock, the global asset management giant, had registered the “iShares XRP Trust”. This action is typically a precursor to launching an ETF. Consequently, the XRP price soared to $0.75, a 16% increase, within just 25 minutes of the news breaking. However, the excitement was…

Crypto.com granted Dubai crypto license

Crypto exchange Crypto.com’s Dubai entity was granted a Virtual Assets Service Provider (VASP) license by the city’s regulator, pending operational approval. In a Nov. 14 press release, Crypto.com said that once fully approved by Dubai’s Virtual Assets Regulatory Authority (VARA), its local business CRO DAX Middle East FZE can offer retail and institutional investors exchange, broker-dealer, and lending and borrowing services. https://t.co/vCNztATkNg is proud to announce that we have been granted a Virtual Asset Service Provider Licence from Dubai’s Virtual Assets Regulatory Authority, building on our position in the #UAE…