Thailands Securities and Exchange Commission SEC has accused Bitkub the countrys largest cryptocurrency exchange and four other offenders of their alleged involvement in wash trading.The individuals will have to pay a fine of over 600000.Bitkub Involved in Wash Trading CaseAccording to a press release on Tuesday September 27 2022 the Thai SEC claimed that two individuals 8211 Mr. Anurak and Mr. Sa

Bitcoin converts wasted energy into a different kind of battery for a more sustainable future. The battery of human time effort and ingenuity money.This is an opinion editorial by Mickey Koss a West Point graduate with a degree in economics. He spent four years in the infantry before transitioning to the Finance Corps.In a prior article I discussed probabilitybased energy systems how they can nega

The famous author of the bestselling book Rich Dad Poor Dad Robert Kiyosaki has predicted that the U.S. dollar will crash by January next year after the Federal Reserve pivots. He named bitcoin as one of the investments to buy as the Fed continues to raise interest rates.Robert Kiyosaki Predicts Imminent Crash of US DollarThe author of Rich Dad Poor Dad Robert Kiyosaki is back with a dire warning

In a twoyearold gaming app fraud case the top Indian financial crime investigating agency has frozen 85.9 bitcoins equivalent to 1.6 million held in an account on Binance. Separately it also froze WRX the native coin of WazirX and USDT together worth nearly 550000.Earlier this month the agency raided several premises in Kolkata in this case and recovered Indian currency equivalent to 2.2 million.

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Recent onchain metrics suggest that a Bitcoin BTC bottom might be forming but the chances of the flagship asset dropping below its lowest value are increasing due to weak volume.Due to current macroeconomic conditions among other reasons BTC has seen its value drop below 20000 on several occasions in the past few weeks forcing analysts to issue warnings about the possibility of the asset trading b

274 days or roughly nine months ago the crypto economy was worth 2.34 trillion and at 967 billion the aggregate value of all 13192 crypto assets is 1.48 trillion less. Most of the top digital currencies tapped an alltime price high in November 2021 and today a great majority of the top crypto assets are down between 70 to 90 in value against the U.S. dollar.9 Out of 12 Crypto Assets Have Lost Sign

The United States Securities and Exchange Commission SEC has accused two companies their executives and a supposed international gold trader of running a fraudulent scheme to boost demand for their digital token.The false promotion of the token netted proceeds of over 36 million for the defendants the agency said.A Fake 10 Billion Gold Bullion AcquisitionAccording to a lawsuit filed on Friday Sept

According to a recent report the worlds largest derivatives exchange CME Group is looking to register as a direct futures commission merchant FCM. CME Groups decision follows the digital currency exchange FTX as the crypto company applied to become a derivative clearing organization and awaits approval from the U.S. Commodity Futures Trading Commission CFTC. If CME Group is approved to be an FCM t

While institutional traders are not prevalent in SubSaharan Africa the region is known to have the highest number of small retail transactions globally.Part of the driving force for cryptocurrency adoption there is fiat currency devaluation high unemployment rate and economic instability.Crypto P2P Thriving in Africa Despite Regulatory ProblemsAccording to a report by blockchain analytics firm Cha

Todays blustery global economy has everyone on edge as inflation has wreaked havoc on the wallets of ordinary people and energy prices continue to soar worldwide. According to Credit Suisse the worst is yet to come as the global investment banks analysts believe the European Union EU and the U.K. are already dealing with a recession. SP Global has a similar hypothesis as a report published by the

Ethereum pulled off a stunning technical upgrade that saw the popular blockchain transition to the proofofstake consensus model for processing transactions after six years of work. However postmerge activity on layer2 has dropped.According to the latest stats by Dapp Radar the already descending unique active wallets and transactions have further dropped by 35 from August to September. A similar t

Its been more than a decade since the financial crisis in 20072008 when Lehman Brothers the fourth largest investment bank in the U.S. collapsed and filed bankruptcy. Close to 14 years later Credit Suisse and Deutsche Bank two of the worlds largest banks are suffering from distressed valuations and the banks credit default insurance levels are approaching degrees not seen since 2008.Credit Suisse

Bitcoin has yet to make a decisive move in any direction as the primary cryptocurrency continues to wrestle with the 18K support level. A bearish breakout below this position could be disastrous.Technical AnalysisBy EdrisThe Daily ChartBitcoins price overlaps with crucial support on the daily timeframe as it oscillates in a very tight range between the significant descending trendline and the 18K

Change is in the air as the crypto space continues to see top executives step down from their roles amid the market crisis that stemmed from the Terra Luna fiasco and the Federal Reserves continuous interest rate hike which negatively impacted the global financial market.The change in cryptorelated executive leadership started with Twitter cofounder Jack Dorsey stepping down from the companys boar