Huobi Halts Futures Trading Services, Mining Pool in China as Regulatory Pressures Mount
Per Bloomberg, cryptocurrency exchange Huobi began blocking its Chinese customers from being able to access some of their services. When...
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Deutsche Bank Turns Against Bitcoin Amid 50% Drop: Valuation is “Wishful Thinking”
Historically, institutions have always been the biggest skeptics of Bitcoin and cryptocurrencies as a potential asset class. Even at the...
Crypto Exchange FTX Set to Raise $1 Billion in Funding with $20 Billion Valuation
Crypto derivatives exchange FTX is raising a funding round with a private valuation just north of $20 billion. Per The...
How Another Chinese Power Outage May Have Led to Bitcoin’s Flash Crash This Week
Earlier in April, an accident at a Chinese coal mine in Xinjiang sent Bitcoin network’s hash rate plummeting 30% in...
Futu to Add Cryptocurrency Trading in U.S, Singapore and Hong Kong
Futu, one of the leading trading brokerages in China, revealed its plans to offer cryptocurrency trading later this year. In...
Biden’s Administration Unveils Proposed Crypto-Tax Measures
As part of President Joe Biden's new tax enforcement measure, the US Department of Treasury has introduced legislation to combat...
Bitcoin Plummets 30% as “Extreme Fear” Sets in on Crypto Markets
The Crypto Fear and Greed Index, a metric that’s known to measure current market sentiment, fell to its lowest point...
Bitcoin Exchange Inflows Rise to Highest Levels of 2021: Why It Matters
As Bitcoin extended its losses from the previous week, its inflows to cryptocurrency exchanges surged to the highest levels seen...
