Crypto Trading and Strategies
Chasing my first crypto wallet down a rabbit hole
In Part 1 of a special Forkast series, crypto newcomer Joel Stein dips a toe into Bitcoin and Doge by opening his first-ever crypto wallet.
Joel Stein
Lens
U.S.
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Bitcoin News
SEC comes around on Bitcoin ETFs
Oversight by the American commodities regulator of the Bitcoin futures ETF by Teucrium helped with the SEC approval.
Timmy Shen
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Altcoins
Binance.US valued at $4.5B following first seed round
Binance.US, headed for an IPO, has been valued at US$4.5 billion following a more than US$200 million fundraise in its seed round. See related article: Binance US on track for IPO Fast facts Investors include RRE Ventures, Foundation Capital, Original Capital, VanEck, Circle Ventures and inclusion-focused companies such as Gaingels and Gold House, Binance.US said […]
Timmy Shen
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Regulation
Russian darknet Hydra, crypto exchange Garantex sanctioned by U.S.
The U.S. Department of the Treasury sanctioned what it called “the world’s largest and most prominent darknet market” based in Russia and a cryptocurrency exchange associated with ransomware activities. See related article: Russian-linked strains lead crypto ransomware in 2021: Chainalysis Fast facts The Treasury Department Tuesday sanctioned Hydra Market, alleging it offered a marketplace for […]
Timmy Shen
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Regulation
US senators sound alarm over China’s digital yuan, Russia SWIFT sanctions
Nine U.S. senators are backing a bill that aims to crack down on China’s central bank digital currency (CBDC), the e-CNY or digital yuan, which they claim could allow Russia to bypass financial sanctions imposed on its banks and entities. See related article: Digital yuan pilot attracts Chinese province bordering Russia Fast facts “If left […]
Timmy Shen
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Regulation
US asks crypto exchanges to comply with Russian sanctions: report
The U.S. is asking crypto exchanges around the world to prevent Russia from skirting sanctions imposed after it invaded Ukraine last week, Bloomberg reported. See related article: Binance may join sanctions imposed on Russian targets Fast facts The Biden administration is concerned that cryptocurrencies can be used to evade heavily regulated traditional financial systems. The […]
Jeanhee Kim
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Regulation
Russia unlikely to turn to crypto if SWIFT sanction is imposed
Measures to detect sanctioned entities’ crypto transactions can come into play, experts say.
Timmy Shen
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Bitcoin News
BIT Mining ditches Kazakh data center due to rocky power supply
BIT Mining, a Hong Kong-headquartered cryptocurrency miner, has terminated its data center construction in Kazakhstan due to an unstable local power supply, the company said in its quarterly report. See related article: Crypto mining’s Great Migration continues — out of Kazakhstan Fast facts BIT Mining now abandons a US$9.3 million pledge to a Kazakh data […]
Timmy Shen
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Regulation
Biden to order crypto oversight: report
President Biden’s executive order directing agencies to devise a comprehensive strategy to regulate cryptocurrencies and other digital assets and examine a digital dollar may be issued next week, according to Yahoo! Finance. Fast facts The order, expected weeks ago, was delayed by a disagreement between the White House and the Treasury over its scope, Bloomberg […]
Jeanhee Kim
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Regulation
Binance US under probe for ties with trading affiliates: report
The U.S. securities watchdog has launched a probe into crypto exchange Binance’s relationship with two trading firms with ties to founder Changpeng Zhao, the Wall Street Journal reported. Fast facts The Securities and Exchange Commission (SEC) is examining whether Binance’s U.S. arm properly discloses to users its links to two trading firms — Sigma Chain […]
Timmy Shen
