RMB stablecoin team allegedly arrested by Chinese authorities. Singaporean inter-blockchain communications protocol Multichain plunged 30% on a delayed backend upgrade. WeChat, China’s largest social media app with over 1 billion users, has indexed Bitcoin price quotes in its search queries. ...
Dan Tapiero, founder of growth equity funds 10T Holdings and 1RoundTable Partners, shared some of his most important strategies to navigate the market. These include having a broader perspective, and avoiding the influence of feelings and people’s fears. He believes crypto is a market similar to other currencies, bonds or stocks. “The bear phase is finished,” he said. ...
Bitcoin (BTC) returned to a key focal point on June 1 as the monthly close delivered disappointment. BTC/USD erased its entire uptick seen over the weekend, coming full circle to act in a familiar range on the day. The largest cryptocurrency is 5.5% lower in Q2, contrasting Q1 gains of over 70%. ...
On May 21, at the Group of Seven (G7) Summit in Hiroshima, Japan, U.S. President Joseph Biden spoke out against a debt-ceiling deal with Republican lawmakers that would protect crypto traders. Biden seemed to equate “crypto traders” with “wealthy tax cheats” in a single phrase. ...
As much as 10.2% of global internet users aged 16 to 64 own crypto. Most ownership skewed toward nations experiencing high inflation or fluctuation in the value of their national currency. Family lawyers are seeing an increasing number of divorce settlements featuring digital assets. Both parties in the divorce are obligated to disclose all documents concerning their assets, digital or otherwise. ...
The National Bank of Georgia plans to launch mandatory supervision of virtual asset service providers (VASPs) starting Sept. 1, 2023. The NBG acting governor Archil Mestvirishvili said that the new regulatory measures will help the country combat money laundering. News comes amid the Georgian government preparing to approve cryptocurrency-related legislation in the autumn session. ...