Market-makers: The Recluses through Cycles
Although the market-making business in crypto is not inherently distinct from that in traditional finance, there is a world of difference in terms of operations, technology, risk management and regulation.
Bitcoin Price Jumps 4% Defying Consolidation, Key Support and Resistance Levels
Bitcoin has surged 4% in the past 24 hours, surpassing $28,500 and helping the entire crypto market move past the $1.2 trillion mark. Despite recent consolidation in the market, on-chain data provider Santiment has noted that accumulation in Bitcoin continues, with the number of addresses holding 10+ BTC increasing by 7.1% since February 2022. The simple moving averages of 200 days and 200 weeks act as strong support levels for BTC, and the monthly RSI is trending upwards, indicating a potential long-term rise. However, current market conditions suggest that Bitcoin may experience a bearish correction before any major rise. (coingape)
Cryptocurrency Wallet App Development: A Beginner’s Guide
Cryptocurrency is a type of digital currency that uses cryptography for security and operates independently of a central bank.
The EU’s Smart Contract ‘Kill Switch’ Mandate Won't Kill Crypto
On March 14, the European Parliament voted in favor of new data controls to be included in a larger bill designed to address data privacy without stifling innovation. A new clause in the bill known as the Data Act requires all smart contracts to include a “kill switch.”
Novogratz Sees Crypto Strength as China Lifts ‘Regulatory Boot’
Michael Novogratz, the founder of crypto financial services firm Galaxy Digital Holdings Ltd., said crypto markets “feel strong” this year, due to sellers’ exhaustion and the easing of restrictions in China, with Hong Kong warming up to the digital-asset sector.
The Government Should Fear AI, Not Crypto, Says Galaxy Digital CEO
Mike Novogratz, the CEO of digital asset investment firm Galaxy Digital told investors he is shocked over the amount of regulatory attention for crypto rather than artificial intelligence (AI), a technology he believes will trigger a “deep fake” identity crisis.
North Korean Hackers Using Stolen Crypto to Mine More Crypto via Cloud Services: Report
The North Korean cybercrime operator APT43 is using cloud computing to launder cryptocurrency, a report from cybersecurity service Mandiant has found. According to the researchers, the North Korean group uses “stolen crypto to mine for clean crypto.”
Canada to Ask Pension Funds to Disclose Crypto Exposure
Canada's national government said that federally regulated pension funds in the country will need to disclose their crypto assets exposure to the Office of the Superintendent of Financial Institutions (OSFI), as Ottawa tightens its regulatory oversight on the volatile industry.
Law Firm's White Paper Claims US Bank Regulators Are Waging a 'Clandestine Financial War' Against Crypto Businesses
According to a recent white paper published by four members of the law firm Cooper & Kirk, PLLC, U.S. bank regulators are attempting to “drive crypto businesses out of the financial system.” The paper, titled “Operation Chokepoint 2.0,” claims that after laying the groundwork by labeling lawful businesses as “reputationally risky,” federal bank regulators, with the help of state officials, “turned to the task of purging their accounts from each of the banks subject to their supervision.” The paper noted that U.S. bank regulators are ostensibly waging a “clandestine financial war” against the crypto industry.
Singaporean Women ‘Outperforming’ Men in Crypto Trades, Survey Reveals
Singaporean women are slightly more likely to make money or at least break even on their crypto investments than their male counterparts, according to a survey from cryptocurrency exchange Independent Reserve.
