Why This Bank CEO Wants 99% Of The Crypto Industry Gone Caitlin Long, Founder and CEO of Custodia Bank, believes that 99% of the crypto industry should be eliminated to reduce leverage and improve the industry’s future. In an interview, Long compared the current state of the crypto industry to the tech stock bubble of … Read more
What are Bollinger Bands, and how to use them in crypto trading? Bollinger Bands are a technical analysis tool used in trading to assess price volatility and identify entry and exit points. They consist of three bands: the upper band, middle band (simple moving average), and lower band. Traders use Bollinger Bands to evaluate price … Read more
Top US Crypto Exchange Coinbase Adds Trading Support for New Under-the-Radar Layer-1 Project Coinbase, the leading US cryptocurrency exchange, has added support for the native token of Vara Network (VARA), a layer-1 project focused on next-gen gaming and financial applications. Vara Network recently launched its mainnet and is built on the Gear Protocol. Coinbase listed … Read more
Crypto exchange Bybit will suspend its services in the UK starting from October 1, in response to new regulations imposed by the Financial Conduct Authority (FCA). The company stated that it is proactively embracing the regulation by pausing its services in the UK. In another development, Binance Holdings, its US counterpart, and CEO Changpeng Zhao … Read more
New Reports Shows How Much Capital Was Pulled Out Of Crypto In August According to a report by Bitfinex, the crypto market experienced a capital outflow of around $55 billion in August. This is the largest capital drain this year, with most of it coming from two isolated events, including a flash crash that caused … Read more
How Much Crypto Has Been Lost In The CoinEx Hack So Far Centralized crypto exchange CoinEx was hacked, resulting in the theft of $55.5 million worth of cryptocurrency, double the initial estimates. The stolen funds were spread across various tokens including Ethereum, Bitcoin, XRP, Tron, Binance Coin, and more. CoinEx has promised to compensate affected … Read more
Here’s What Crypto Investors Should Know SEC Chairman Gary Gensler faced scrutiny from the Senate Banking Committee regarding the commission’s investigations in the crypto space and his belief that cryptocurrencies should be regulated under securities law. The committee questioned Gensler on the SEC’s rule changes and their ability to address future market failures. Although artificial … Read more
Binance.US released a statement stating that their current actions will give the company a financial runway of more than seven years, allowing them to continue operating as a cryptocurrency-only exchange. The company expressed frustration with the SEC’s efforts to hinder the crypto industry and highlighted the negative impact on American jobs and innovation. Binance.US sees … Read more
Crypto CEO Bags Record Breaking Prison Sentence For $2 Billion Theft Former Thodex CEO Faruk Fatih Özer has been sentenced to a prison term of 11,196 years, 10 months, and 15 days for stealing $2 billion in customer funds. Özer defrauded over 400,000 Turkish customers when the exchange went offline in April 2021 and fled … Read more
G20 To Establish Unified Crypto Regulation, Urges Countries To Share Information At the G20 summit, leaders from around the world agreed to establish a comprehensive regulatory framework for cryptocurrencies. The framework aims to increase transparency in digital asset transactions and requires crypto firms to share transaction details with jurisdictions annually, including unregistered platforms and wallet … Read more
