Alfa-bank, one of Russia’s biggest financial institutions, has created a “digital financial asset” (DFA) backed by gold, stocks, and cash. Per an Alfa-bank press release published on February 28, the bank said its new “tool” lets customers “invest in four asset classes at once” using bank-issued tokens. Alfa-bank Launches DFAs – More Russian Banks to...
The Hong Kong Securities and Futures Commission (SFC) issued a public warning today, urging investors to be cautious of suspicious websites impersonating legitimate virtual asset trading platforms. Two specific platforms were identified: HSKEX, impersonating Hash Blockchain Limited, operating these urls – www.hskexpro.com, www.hskex.com, www.hskexs.com and www.hskexit.com. www.oslexu.com and www.oslint.com were found impersonating OSL Digital Securities...
Bitcoin (BTC) non-fungible token (NFT) sales have outshined Ethereum (ETH) in the past seven days, driven by a sudden surge in Bitcoin Ordinals-based NFT collections. Led prominently by the NodeMonkes collection, the Bitcoin NFT market experienced an impressive 80% week-over-week growth, reaching a staggering $168.5 million in sales. In contrast, Ethereum generated $162 million in NFT...
In a landmark decision, a U.S. court has determined that the trading of certain cryptocurrency assets on secondary markets, including platforms such as Coinbase, are securities transactions. The ruling, issued by the U.S. District Court for the Western District of Washington, pertained to an insider trading case involving former Coinbase product manager Ishan Wahi, his...
A physics professor has claimed that Bitcoin could reach $10 million by 2045, citing his own “power law” mathematical relationship. In a video published on X on March 2, Professor Giovanni Santostasi told mathematician and Bitcoin investor Fred Krueger that his power law model is a more understandable and predictable model of Bitcoin price over...
New Binance CEO Richard Teng must appear before Nigeria’s House of Representatives Committee on Financial Crimes to answer questions about his company’s lax KYC and AML policies, which may have played a part in terrorism financing and money laundering. Committee Chairman Ginger Onwusibe issued the ultimatum to Teng during a panel last week, according to...
On March 4, Hong Kong’s financial watchdog, the Securities and Futures Commission (SFC), issued a public notice about the cryptocurrency exchange BitForex over alleged fraudulent dealings. BitForex, although based in Hong Kong, does not possess the license required by the country’s regulatory framework for digital asset operators. This advisory is part of the SFC’s commitment...
Furthermore, the upward trendline support above the $54,450 level underscores the buying trend’s strength. This is complemented by the 50-day Exponential Moving Average (EMA) at $47,818, which provides additional technical support, enhancing the bullish outlook. Resistance around the $61,500 mark represents a critical threshold. A breach above this level could signify a continuation of the...
The popular cryptocurrency exchange Coinbase experienced a major outage today, causing a brief dip in Bitcoin’s price. Interestingly, this crash has fueled fresh speculation about a potential Bitcoin bull run. The market appears to be drawing parallels with previous Coinbase crashes, which preceded major surges in Bitcoin’s price. Between 12:15 PM ET and 12:30 PM...
Bitcoin surged to an all-time high against the Chinese Yuan (CNY) today, propelled by a recent rally and growing anticipation surrounding the Bitcoin halving event. Bitcoin’s Value Fluctuates Across Global Markets In a recent post on X (formerly Twitter), Lex—a Bitcoin supporter—highlighted that Bitcoin’s recent all-time high reflects the failure of various central banks’ monetary...