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Weekly News

Analysts identify 3 critical flaws that brought DeFi down

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

Poor risk management, insufficient revenue and the overuse of leverage are the core reasons why DeFi is crumbling. The cryptocurrency market has had a rough go this year and the…

Continue ReadingAnalysts identify 3 critical flaws that brought DeFi down

FTX on the verge of purchasing BlockFi in $25M fire sale: Report

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

The cryptocurrency derivatives exchange could potentially buy out the troubled lender for pennies on the dollar. Cryptocurrency exchange FTX is close to purchasing digital asset lender BlockFi's remaining assets for…

Continue ReadingFTX on the verge of purchasing BlockFi in $25M fire sale: Report

‘Cryptoqueen’ Ruja Ignatova makes FBI’s Ten Most Wanted list

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

The Bulgarian-German businesswoman was last spotted in Athens in 2017, and now worth up to $100,000 to provide U.S. law enforcement with information about her. “Crypto” is often used as…

Continue Reading‘Cryptoqueen’ Ruja Ignatova makes FBI’s Ten Most Wanted list

Traders debate whether Solana (SOL) is a buy now that it’s down 87% from its all-time high

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

SOL price is 87% down from its all-time high, but do improving fundamentals strengthen its investment thesis? The crypto sector is caught in a deep correction and recent reporting shows…

Continue ReadingTraders debate whether Solana (SOL) is a buy now that it’s down 87% from its all-time high

CFTC brings $1.7B fraud case involving Bitcoin against South African national

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

“The defendants misappropriated, either directly or indirectly, all of the Bitcoin they accepted from the pool participants,” said the CFTC. The United States Commodity Futures Trading Commission, or CFTC, has…

Continue ReadingCFTC brings $1.7B fraud case involving Bitcoin against South African national

Reserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

India's central bank has been a vocal critic of cryptocurrencies over the years; it previously stated that CBDCs could thwart the adoption of digital assets. In its latest financial stability…

Continue ReadingReserve Bank of India ranks crypto near the bottom of systemic risks despite harsh criticism

Reporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule

  • Post author:admin
  • Post published:July 1, 2022
  • Post category:Weekly overview

“Countries that have not introduced Travel Rule legislation should do so as soon as possible, and FATF jurisdictions should lead by example," said the organization. The Financial Action Task Force…

Continue ReadingReporting ‘limited progress,’ FATF urges countries to introduce legislation for travel rule
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