Bitcoin Machine Review – Is it Scam? Open An Account Introduction Bitcoin Machine is a software that claims to use advanced algorithms to analyze the cryptocurrency market and generate profitable trades. The software is marketed as an easy way to make money trading Bitcoin and other cryptocurrencies. In this article, we will review Bitcoin Machine …
Huobi: SEC Impact is Over – Exchange Sees $7M Net Deposit
• The SEC filed charges against Justin Sun and three companies which he is linked with. • Huobi Global advisor, Justin Sun said in a series of tweets that Huobi believes the effects of recent charges have come to an end. • He claimed that the exchange only saw a net withdrawal of $30 million …
Silicon Valley Bank Parent Firm Files for Bankruptcy Protection
• Silicon Valley Bank’s parent firm, SVB Financial Group, has filed for bankruptcy protection. • The filing was submitted in the Southern District of New York to explore strategic alternatives as determined by a board-appointed restructuring team. • Customers of Silicon Valley Bank will receive funds from the FDIC and the Biden administration and U.S …
SEC Issues Wells Notice: What It Is & Why More May Be Coming
• On February 21, Paxos halted the issuance of new BUSD tokens after it was given a Wells Notice by the SEC. • The SEC issued a Wells Notice to Paxos indicating that they were under investigation for unregistered BUSD tokens. • The Wells Notice provides respondents with an opportunity to submit a written statement …
Coinbase Acquires One River Digital Asset Management
• Coinbase subsidiary will emerge from the acquisition of One River Digital Asset Management (ORDAM) to enhance institutions‘ access to crypto assets. • ORDAM’s current CEO, Eric Peters, will remain in his duty and continue chairing CBAM after the acquisition. • Coinbase and ORDAM share an ethos grounded in prudent risk management, a trait which …
Bitcoin Surges Alongside Expansion of Central Bank Balance Sheets
• Global central banks are trying to combat rising inflation by reducing their balance sheets (quantitative tightening) and increasing interest rates. • Bitcoin, the global world’s biggest cryptocurrency, has seen its value soar roughly 50% year-to-date despite the increase in central bank balance sheets. • Japan and China have continued to expand their balance sheets, …
Filecoin Jumps 27% – Leads Top 100 With Virtual Machine Update
• Filecoin (FIL) jumped 27% over the last 24 hours leading the top 100 coins by market cap. • Filecoin’s YTD gains amount to a 130% increase in price, having started the year at $3.013. • The project announced Filecoin Virtual Machine (FVM), which is set to go live on March 1 during ETHDenver. Decentralized …
Crypto Industry Booming: US Tops List of Most Successful Crypto Countries
• The US tops Coin Journal’s list of most successful crypto countries, with an estimated $46.95 billion worth of crypto-related businesses employing 5,691 people across 1,992 businesses. • The UK comes in second with 817 crypto-centric businesses worth an estimated $8.16 billion and employing 617 people. • Germany, France and Vietnam round out the top …
Indonesia to Set Up National Crypto Exchange by June 2023
• The Trade Ministry of Indonesia plans to have a national cryptocurrency exchange set up before June 2023. • The Indonesian government is currently reviewing five active exchanges out of the 25 registered exchanges with the Commodity Futures Trading Regulatory Agency. • The moratorium on the issuance of new crypto exchange licenses has been recently …
Retail Traders Fuel Bitcoin’s Rise – SFV Ratios Suggest Greater Accumulation
• Data from CryptoSlate shows a stark contrast between Bitcoin and Ethereum Spot to Futures Volume (SFV) trends. • The Bitcoin SFV has oscillated relatively uniformly between 0.2 and 0.4 since January 2020, but has broken out of this range to peak at just under 0.7 this week. • This suggests that retail traders are …