Cryptonews

Cryptonews


7 Bitcoin and Crypto Custodians Facilitating Institutional Digital Asset Adoption

Posted: 16 Jul 2022 04:00 AM PDT

Crypto custodians are one of the important pieces to the puzzle for mass institutional adoption of bitcoin (BTC) and other cryptoassets. They enable investors to store their digital assets with regulated third-party custody providers. 
Read on to discover a list of some of the leading crypto custody providers. 
A crypto custodian is a financial services company that stores digital assets on behalf of investors. ...
Read More: 7 Bitcoin and Crypto Custodians Facilitating Institutional Digital Asset Adoption

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11 Celsius, Bitcoin Forecasters, Hot Inflation, Threatened Three Arrows and 20 Crypto Jokes

Posted: 16 Jul 2022 03:00 AM PDT

Yet another week passed by. This time, we had Celsius Network enacting Chapter 11 bankruptcy protection and Elon Musk terminating his agreement to buy Twitter as the company vowed to fight back. Meanwhile, a panel said bitcoin could fall to USD 13,676 this year, some survey respondents said BTC is likely to fall to USD 10,000 before rising again. The crypto market fell ahead of a US inflation report for June, and while US inflation jumped more than expected, BTC and ETH fluctuated....
Read More: 11 Celsius, Bitcoin Forecasters, Hot Inflation, Threatened Three Arrows and 20 Crypto Jokes

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Wolf of Wall Street Says Bitcoin Investors Will ‘Almost Certainly Profit,’ But What’s His Bitcoin Track Record Like?

Posted: 15 Jul 2022 06:00 PM PDT

Jordan Belfort, the former stockbroker better known as 'The Wolf of Wall Street,' argued that investors who buy bitcoin (BTC) now will "almost certainly" profit. However, this is not the first time Belfort commented about bitcoin and its future - admitting that he has changed his mind about the coin - and his track record has so far been mixed....
Read More: Wolf of Wall Street Says Bitcoin Investors Will 'Almost Certainly Profit,' But What's His Bitcoin Track Record Like?

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Give Us Our Money Back: The Issue With Custodial Wallets and the Implications of Halting Withdrawals on Crypto's Reputation

Posted: 15 Jul 2022 03:10 PM PDT

Julian Liniger is the co-founder and CEO of Relai, a bitcoin-only exchange founded in Switzerland in 2020.
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Having been involved in the crypto and bitcoin (BTC) space for more than five years, I've seen how the ups and downs of the market have become the norm.
But recently, things have been different....
Read More: Give Us Our Money Back: The Issue With Custodial Wallets and the Implications of Halting Withdrawals on Crypto's Reputation

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Ukrainian Charity Uses Crypto Actively, Says Donations Have Risen During Bear Market

Posted: 15 Jul 2022 12:00 PM PDT

The Serhiy Prytula Charity Foundation, an organization raising money for Ukraine's war effort against Russia, has used crypto actively in its fundraising and is seeing donations rise in crypto terms even as the market has fallen from its highs....
Read More: Ukrainian Charity Uses Crypto Actively, Says Donations Have Risen During Bear Market

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Ethereum Merge Date Proposed for September, Liquidator Comes for 3AC, US SEC Talks Exemptions + More News

Posted: 15 Jul 2022 09:00 AM PDT

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today's crypto news.
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Read More: Ethereum Merge Date Proposed for September, Liquidator Comes for 3AC, US SEC Talks Exemptions + More News

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El Salvador Finance Chief Says USD 800M Debt Default Won’t Happen, Bukele Says BTC Is 'Inevitable'

Posted: 15 Jul 2022 07:00 AM PDT

El Salvador's finance minister says he is unworried by international markets forecasters' predictions that the country will default on USD 800 million bond payments early next year.
ElSalvador.com, the website of the newspaper El Diario de Hoy, quoted minister Alejandro Zelaya as stating that doors were "open" at "multilateral organizations" that could provide El Salvador with "financing options."...
Read More: El Salvador Finance Chief Says USD 800M Debt Default Won't Happen, Bukele Says BTC Is 'Inevitable'

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Mixers Receiving ‘More Cryptocurrency than Ever in 2022’ - Chainalysis

Posted: 15 Jul 2022 06:00 AM PDT

Crypto mixers – services that exist to increase the anonymity of crypto users – are more popular than ever, while illicit addresses account for 23% of funds sent to mixers so far this year, a new report from blockchain intelligence firm Chainalysis has found. 
The 23% number for these seven months of 2022 marks a rise from 12% in 2021, claims the firm....
Read More: Mixers Receiving 'More Cryptocurrency than Ever in 2022' - Chainalysis

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Bitcoin and Ethereum Gain Momentum, Market Turns Green

Posted: 15 Jul 2022 04:40 AM PDT

Bitcoin price settled above the USD 20,000 pivot level. BTC gained pace for a move above the USD 20,500 resistance zone. It is currently (11:26 UTC) up 5.7% and might rise further above the USD 21,200 resistance.
Similarly, most major altcoins are gaining bullish momentum. ETH rallied 13% and cleared the USD 1,200 level. XRP is aiming for a move above the USD 0.35 resistance zone. ADA could aim for a rally if there is a move above the USD 0.45 resistance zone....
Read More: Bitcoin and Ethereum Gain Momentum, Market Turns Green

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Prosecution ‘Investigating Still-Extant South Korean Terraform Subsidiary’, Exchanges Make Self-regulation Proposal

Posted: 15 Jul 2022 03:30 AM PDT

South Korean prosecutors have reportedly uncovered evidence of an obscure Terraform Labs subsidiary that appears to exist only "on paper."
Terraform, the company behind the LUNAC token, the UST stablecoin, and the new LUNA coin, shuttered its South Korean businesses back in April. But per an exclusive TV news report from the South Korean national broadcaster KBS, prosecutors have found information about a firm named FLEXE Corporation. ...
Read More: Prosecution 'Investigating Still-Extant South Korean Terraform Subsidiary', Exchanges Make Self-regulation Proposal

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Trezor Has Seen ‘Significantly’ Higher Interest in Self-Custody Amid Ongoing Crypto Turmoil

Posted: 15 Jul 2022 02:30 AM PDT

Major hardware wallet maker Trezor said they have noticed higher interest in their devices following a string of crypto company meltdowns and centralized exchanges suspending withdrawals.
According to a company spokesperson, bitcoin (BTC) and crypto holders are "getting nervous about holding their coins with custodians and are exploring self-custody options."...
Read More: Trezor Has Seen 'Significantly' Higher Interest in Self-Custody Amid Ongoing Crypto Turmoil

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CEL Jumps While Celsius’ Bankruptcy Protection Filing Reveals a Billion-Dollar Hole in Balance Sheet

Posted: 15 Jul 2022 12:58 AM PDT

More troubling news is coming out regarding Celsius (CEL), as its so-called Chapter 11 bankruptcy protection filing on July 14 has revealed a deficit of close to USD 1.2bn for the crypto lender.
According to a new document filed with the U.S. Bankruptcy Court of the Southern District of New York, Celsius holds USD 4.3bn in assets against USD 5.5bn in liabilities, representing a deficit of USD 1.2bn....
Read More: CEL Jumps While Celsius' Bankruptcy Protection Filing Reveals a Billion-Dollar Hole in Balance Sheet

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