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The latest Messages 16
2022-08-15 06:23:02
Vauld Pursues Legal Counsel After ED Issues Asset Freeze Order
Singaporean crypto lender Vauld bristles as the Indian Enforcement Directorate (ED) issues a freezing order in connection with an ongoing money laundering case. Vauld claims the freezing order hurts all the more because the Singapore-based lender claims it complied with the law enforcement’s summons requesting documents and information.
Vauld is one of ten crypto exchanges with alleged Chinese connections that have come under scrutiny from Indian authorities for aiding in laundering Rs 1000 crore. The firms, including the Indian crypto exchange WazirX, are suspected of laundering funds for various predatory fintech companies that used the exchanges to purchase Rs 100 crore for transmission to overseas wallets. The ED claims that the crypto companies did not perform adequate Know-Your-Customer checks or keep suspicious transaction records (STRs). A person familiar with the matter.
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110.0K views03:23
2022-06-23 06:36:02
Saylor goes full maxi, slamming everything that isn’t Bitcoin
MicroStrategy CEO Michael Saylor has thrown altcoins under the bus by calling on regulators to do their part in tackling risky crypto industry practices.Speaking to the founder of technical analysis platform Northman Trader, Saylor told Sven Henrich that a “parade of horribles” is weighing down on Bitcoin and regulators must act accordingly.
First is the prevalence of wash trading in the crypto space. Unlike stocks, there are no specific regulations that address the wash trading of digital assets. This leads to the next factor, which Saylor said was the effect of unregulated exchanges and the market volatility they bring. Expanding further, the MicroStrategy boss talked about a conflict of interest in exchanges acting as both market makers and token holders, in conjunction with wash trading and trading with high leverage.
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103.0K views03:36
2022-06-22 10:56:02
Blockchain investments are disrupting the real estate industry
The Cointelegraph Research Terminal, the leading provider of premium databases and institutional-grade research on blockchain and digital assets, has added a new report to its expanding library from the industry leader in tokenization.
The tokenized real estate industry is growing rapidly amid the current market frenzy. With investors looking for a more secure investment that utilizes emerging technology, the demand for blockchain-based investment opportunities backed by real-world assets is increasing. Real estate assets account for upwards of 40% of the pipeline for certain technology providers in the industry, likely making it the largest and most “urgent” sector when it comes to future security token offerings.
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80.4K views07:56
2022-06-21 11:14:02
The current Celsius, 3AC situation may not be as bad as rumors suggest
One of the more concerning issues around the current insolvency fears for several centralized lenders and investors is the lack of transparency. The news cycle is filled with rumors and theories around Three Arrows Capital (3AC) and Celsius, but very few verifiable facts that we can responsibly report.
Many funds, projects, and lending platforms quickly distance themselves from Celsius and 3AC this week. Some have also come out to confirm liquidations of positions of large third parties. Tether announced they no longer had exposure to Celsius as funds were “liquidated without losses.” The Block also reported that “Crypto exchanges FTX, Deribit, and BitMEX have liquidated Three Arrows Capital’s positions over the past week.”
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105.9K views08:14
2022-06-20 07:13:02
SBF: Three Arrows Crisis ‘Couldn’t Have Happened’ with Transparent On-Chain DeFi
Singapore-based crypto investment firm 3AC last week was rumored to be insolvent after allegedly failing to meet margin calls from several lenders, including BlockFi and financial services company Genesis, according to the Financial Times.
The transactions haven’t been confirmed, but several big lenders to 3AC, including crypto exchange BitMEX, have started liquidating their positions, while portfolio companies are distancing themselves from the hedge fund. Bankman-Fried’s suggestion came in response to a tweet asking industry figures how to “best ensure that a 3AC moment doesn’t happen again.” The CEO said that the top priority wasn’t “making sure no one ever goes under,” but keeping institutional credit transparent to retail investors.
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107.3K views04:13
2022-06-19 07:30:38
Bitcoin Long-Term Holders Now Own Nearly 80% Of Realized Cap
On-chain data shows the part of the Bitcoin realized cap held by the long-term holders has increased and is now at nearly 80%. As explained by an analyst in a CryptoQuant post, the crypto has historically tended to form bottoms around when the long-term holder share of realized cap has exceeded 80%.
The “long-term holders” (LTHs) are all those Bitcoin investors who have been holding onto their coins without selling or moving since at least 155 days ago. The realized cap is a way of assessing the capitalization of the crypto where each circulating coin’s value is taken as the price it was last moved or sold at, rather than the current BTC price. Now, the relevant on-chain indicator here is the “realized cap – UTXO age bands (%),” which tells us what part are the various groups in the Bitcoin market contributing to the total realized cap of the coin.
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102.7K views04:30
2022-06-18 11:08:02
Three Arrows Capital (3AC) Ghosts Partner Companies as Insolvency Rumors Swell
Three Arrows Capital, one of the largest crypto venture capital firms, has reportedly stopped communicating with multiple partners for which it manages money.
Silence From 3AC. The first partner to speak out was Danny Yuan, Head of Trading at crypto market maker 8 Blocks Capital.Rumors of insolvency at 3AC have risen amid the recent collapse of the crypto markets.Rumors of insolvency at 3AC have risen amid the recent collapse of the crypto markets.
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86.4K views08:08
2022-06-17 11:44:02
True Global Ventures doubles down on Web3 with $146M ‘follow-on’ fund
Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) has announced the closure of a $146 million funding round earmarked for a wide range of Web3 projects — highlighting investors’ continued interest in crypto despite an ongoing bear market.
The latest closure, dubbed the TGV4 Plus Follow On Fund, was led by a group of 15 general partners who committed over $4 million on average (over 40%, or $62 million) into the fund. The majority of the funding will be primarily injected into Web3 companies within TGV’s portfolio, while the remaining will be used to invest in late-stage Web3 opportunities. In addition to the cash injection, Huobi offers other services including an asset management platform, a new blockchain incubator and a dedicated research arm.
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99.7K views08:44
2022-06-16 11:05:02
Bitcoin & Ethereum Fees Jump Up As Holders Rush To Sell
Data shows both Bitcoin and Ethereum have observed a spike in the transaction fees over the past couple of days as holders have rushed to sell amid the crash. The “transaction fees” is an amount that users making transactions on the network have to pay in order to send the transfers through.
When there are a large number of transactions happening on the network and the mempool becomes clogged, these miners start prioritizing transactions with the highest fees attached to them. In such times, users who want their transfers to go through quicker and not be stuck waiting start putting a higher fee. If network activity remains raised, users start paying an even higher fees in order to outcompete the others, thus leading to the network average shooting up.
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68.7K views08:05
2022-06-16 10:25:56
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