UK FCA shuts down 26 crypto ATMs following coordinated investigation

The FCA and other law enforcement agencies investigated 36 crypto ATM locations using powers under money laundering regulations.

UK FCA shuts down 26 crypto ATMs following coordinated investigation

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), “disrupted” 26 of the 34 cryptocurrency ATMs it visited and inspected since the start of 2023.

1 year ago

Bitcoin NFTs Back in Spotlight as Ordinals Cross 350K Daily Inscriptions

Bitcoin Ordinals, a method of generating non-fungible tokens (NFTs) through a process called inscribing, debuted in January, bringing the NFT and smart contract narrative to the Bitcoin blockchain.

Bitcoin NFTs Back in Spotlight as Ordinals Cross 350K Daily Inscriptions

Activity in Bitcoin Ordinals, a method of generating Bitcoin non-fungible tokens (NFTs) through a process called inscribing, has picked up in the wake of the BRC-69 token standard launch. ...

1 year ago

Bitcoin (BTC) Price Teeters on $30,000 Edge – Will It Sink or Swim?

The price of Bitcoin (BTC) has been trading in a corrective pattern since June 23, likely in response to the previous upward movement.

Bitcoin (BTC) Price Teeters on $30,000 Edge – Will It Sink or Swim?

While the BTC price briefly reached a new yearly high on July 5, the price action since supports the possibility of more downside. This also aligns with the wave count and RSI readings...

1 year ago

Bitcoin Hash Rate Rips to Record High as Pressure on Miners Increases

Bitcoin network hash rates have surged to new record highs over the weekend

Bitcoin Hash Rate Rips to Record High as Pressure on Miners Increases

The Bitcoin 7-day and 3-day average hash rate increased to all-time highs over the weekend, according to Hash Rate Index. Bitcoin Miners Facing Pr...

1 year ago

BlackRock’s BTC ETF Filing Could ‘Democratize Crypto,’ CEO Larry Fink Says

Fink likened crypto to “digitizing gold” and outlined bitcoin as an “international asset” that could serve as a hedge against inflation.

BlackRock’s BTC ETF Filing Could ‘Democratize Crypto,’ CEO Larry Fink Says

Larry Fink – Chief Executive Officer of BlackRock – raised hopes that his company’s recent filing to launch a spot Bitcoin exchange-traded fund (ETF) in the USA could make inve...

1 year ago

Bitcoin Mining Revenue Hits $184 Million in Q2 Amid Ordinals Fervor

The experimental class of tokens has delivered a healthy quarterly sum to miners, analysis shows.

Bitcoin Mining Revenue Hits $184 Million in Q2 Amid Ordinals Fervor

Bitcoin miners are awash with funds from transaction fees, a multimillion-dollar windfall generated this past quarter due to the popularity of BRC-20 tokens and Ordinals, according to Coin Metri...

1 year ago

Binance suspends support for 8 Multichain-bridged tokens amid cross-chain issues

Multichain's MULTI token plunged by 7% following news of Binance's latest withdrawal suspension.

Binance suspends support for 8 Multichain-bridged tokens amid cross-chain issues

Crypto exchange Binance will suspend support for eight Multichain-bridged (MULTI) tokens on July 7 till further notice because of the issues with some of the protocol’s cross-chain routes....

1 year ago

Bitcoin No Longer Correlated to U.S. Stocks, Crypto Analytics Firm Block Scholes Says

The 90-day rolling correlation between bitcoin and Nasdaq, S&P 500 is now at the lowest level observed since July 2021, according to data tracked by crypto derivatives analytics firm Block Scholes.

Bitcoin No Longer Correlated to U.S. Stocks, Crypto Analytics Firm Block Scholes Says

Bitcoin's (BTC) fortune is no longer tied to sentiment in the U.S. stock markets. The 90-day rolling correlation of changes in bitcoin's spot price to changes in Wall Street...

1 year ago

Bitcoin remains ‘primary focus’ for investors amid year highs: CoinShares

Bitcoin investment products have experienced $310.6 million in inflows over the last two weeks.

Bitcoin remains ‘primary focus’ for investors amid year highs: CoinShares

Bitcoin BTC $30,938 has been the “primary focus” for institutional investors over the last two weeks, according to CoinShares, as the cryptocurrency continues to hit n...

1 year ago

Bitcoin Dominates Institutional Fund Flows for Second Week Running

Institutional investors are only interested in Bitcoin right now as it continues to lead markets in recovery

Bitcoin Dominates Institutional Fund Flows for Second Week Running

On July 3, institutional crypto fund manager CoinShares released its weekly fund flows report. It has been another bullish week for professional investors who are loading up on Bitcoin...

1 year ago

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