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The Latest Breaking News from Crypto

EU moves to tame the 'wild west' of cryptocurrencies in landmark legislation

The European Union has agreed on ground-breaking rules for regulating crypto assets as the crash in bitcoin value piles pressure on authorities to rein in the sector.

Radio France Internationale

Analysis: Bitcoin (BTC) Registers Worst Quarterly Performance Since 2011

Bitcoin (CRYPTO: BTC) marks its worst quarter in a decade with a 56.2% slump — breaking its last record of 49% loss in Q1 2021 when it fell from its ATH $19,750 to around the $4,000.

Benzinga

JPMorgan Analysts List 2 Reasons Why Crypto Deleveraging Will End Soon

Analysts at JPMorgan Chase & Co believe there are two strong reasons to suggest that the end of the cryptocurrency bear market is near.

Benzinga

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eToro Said To Abandon SPAC Merger

Retail stock and cryptocurrency brokerage platform eToro is reportedly not going ahead with its planned blank-check merger.

Benzinga

Crypto Lending World Sways under Risk and Turmoil

Starting with the lofty goal of competing with traditional banks, cryptocurrency lending giants and their clients now face financial ruin due to their appetite for risk and a paucity of regulatory guardrails. Celsius Network, which suspended withdrawals in mid-June, had advertised a seemingly difficult-to-reconcile mix of interest rates, charging just…

Asharq Al-Awsat

EU moves to rein in ‘wild west’ of crypto assets with new rules

MiCA law contains measures to guard against market abuse and manipulation

The Guardian - UK

Indian Crypto Players Have A New Tax Rule From Today: What You Should Know

Indian cryptocurrency players will have to comply with a government order for a 1% tax deducted at source (TDS) on all cryptocurrency and non fungible token (NFT) transactions, starting today.

Benzinga

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El Salvador's Bitcoin-boosting leader buys $1.5 million more

El Salvador’s Bitcoin-boosting president is back at it, doubling down on his country's losing investment in the cryptocurrency by buying over $1.5 million more

The Independent UK

Crypto Lender Celsius Exploring All Options After FTX Rejects Acquisition Deal

Celsius, the disaster-stricken cryptocurrency lender, has assured its community that it was exploring all the options available to stabilize liquidity and operations.

Benzinga

Bitcoin, Ethereum, Dogecoin Fall Sharply: Analysts Fear 'Ugly Plunge' With BTC, ETH Testing $10K, $600 Levels

Bitcoin traded below the psychologically important $20,000 mark Thursday evening as the global cryptocurrency market cap slid 4.1% to $859.3 billion at press time.

Benzinga

FBI To Add 'Crypto Queen' Ruja Ignatova To Top 10 Most Wanted List

The Federal Bureau of Investigation is adding Ruja Ignatova — the woman known as the “Crypto Queen” — to its list of 10 most wanted fugitives.

Benzinga

Here's The Bull, Bear Case For Ethereum As It Approaches Important $1,000 Level

Ethereum (CRYPTO: ETH) was sliding more than 7% lower on Thursday, trading dangerously close to the important $1,000 psychological level, which the crypto tested as support on June 18 and June 19 but bounced.

Benzinga

Coinbase is helping ICE track crypto buyers

ICE’s contract includes something dubbed “geo tracking data.” What could go wrong?

Input

From stocks to crypto, a punishing six months for investors

Americans with stock portfolios or retirement investment plans would likely prefer to forget the last six months

The Independent UK

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ABC News

Bitcoin helped Joe secure his fortune but he would no longer recommend it as investors risk financial ruin

Joe Bridge has bought two motorbikes, two boats and his first house with the $1 million-plus he made on bitcoin, but he doesn't recommend trying to replicate his success.

Benzinga

FTX Reportedly Shopping BlockFi At 99.5% Discount, CEO Shoots Down $25M Figure

Imagine it is March 2021, and you’re leading a funding round where you’ve raised $350 million at a $3-billion valuation. Now it’s July 2021, and you’re to raise $500 million at an almost $5 billion valuation.

The Guardian - UK

Users of biggest NFT marketplace warned over phishing after data leak

OpenSea tells customers and subscribers not to open emails and files ‘sent by strangers’ after revealing breach

Benzinga

Cryptocurrencies Are A Clear Danger: Reserve Bank of India Governor

Dubbing digital assets as emerging risks on the horizon, the Reserve Bank of India’s Governor Shaktikanta Das on Thursday said cryptocurrencies are a clear danger and speculation under a sophisticated name.

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Benzinga

Anonymous Bitcoin Whale Just Moved $72M Worth Of BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $72,351,197 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 17oPPbKc8mNRhmGojmhZ1WzFwVhDtMMBJ7.

Benzinga

Bitcoin Whale Moves 3,593 BTC Off Coinbase

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $73,291,385 worth of Bitcoin off Coinbase. The BTC address associated with this transaction has been identified as: 1NzMRSyuhpFKznPHtMDUWYmvBXn8GH9emM.

Benzinga

Anonymous Bitcoin Whale Just Moved $125M Worth Of BTC Off Gemini

What happened: A Bitcoin (CRYPTO: BTC) whale just sent $125,005,913 worth of Bitcoin off Gemini. The BTC address associated with this transaction has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS.

Benzinga

$278M In Bitcoin Was Just Transferred Onto Gemini

What happened: An anonymous cryptocurrency wallet holding $278,756,804 of Bitcoin (CRYPTO: BTC) just transferred their funds onto Gemini. The bitcoin wallet address tied to this transfer has been identified as: 3Kzh9qAqVWQhEsfQz7zEQL1EuSx5tyNLNS

Benzinga

Number Of Bitcoin Millionaires Declines By 75% In Crypto Crash

Over 80,000 Bitcoin (CRYPTO: BTC) investors lost their millionaire status as the leading digital asset fell below $20,000.

Axios

The crypto bear: The bad, the ugly and no-good

This crypto boom, unlike the last, was marked by debt — that is a greed problem, not a blockchain one.

Benzinga

Sam Bankman-Fried's FTX Isn't Taking Bad Debt: Walks Away From Celsius Acquisition

FTX CEO Sam Bankman-Fried is taking a bullish stance amid the “great depression” of cryptocurrency. Instead of joining the list of peers hedging losses by slashing workforces by upwards of 20%, FTX is on a mergers and acquisitions tear, acquiring three firms this year alone.

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