The Monetary Authority of Singapore (MAS) is Singapore’s central bank and integrated financial regulator and it has just taken steps to curb crypto trading by the general public releasing new guidelines for the industry that require immediate adoption. MAS has also taken the step of directing the business sector to abstain from both advertising or showcasing any products relating to cryptocurrencies to Singapore’s citizens citing the high risk environment surrounding crypto as the motivation behind the recent moves.
Category Archives: Bitcoin
Selling Pressure Mounts For Weak-Handed Investors As Bitcoin Dips 30% From All-Time Highs
Selling pressure continues to mount for weak-handed Bitcoin investors as the crypto market slump continues dragging the price of BTC down to $41,175.84 Friday morning, representing more than a 30% drop from its all-time high of $69,000 reached in November. Concurrently, whales are seizing this opportunity to accumulate Bitcoin at a discount in anticipation of a near-term rebound.
Bring On The Bividends! BTCS To Become The First-Ever Nasdaq-Listed Company To Offer A Dividend Payable In Bitcoin
BTCS, a leader in the blockchain and digital currency field, represents the first U.S. publicly traded company fully focused on blockchain infrastructure and technology. BTCS, also known as The Company, secures Proof-of-Stake blockchains by actively processing and validating transactions and is rewarded with native digital tokens. They are also actively developing a Staking-as-a-Service platform which will grant users the ability to stake the various supported cryptocurrencies through a non-custodial platform. BTCS plans to integrate its staking program with its Data Analytics Dashboard, which is now in beta release. Currently supporting six exchanges and over 800 digital assets with its Data Analytics Program, The Company plans to further broaden its suite of performance-tracking tools, add additional centralized and decentralized exchanges, introduce digital wallets, and allow stake pool monitoring. On top of all that, BTCS just announced the first-ever dividend payable in Bitcoin by a Nasdaq-listed company, referred to as a Bividend.
Citizens Of El Salvador Alarmed After $100K In Bitcoin Reported Missing From Chivo Wallets
A troubling trend has surfaced in El Salvador over the past few weeks as citizens have been posting about the mysterious loss of funds from their Chivo wallets. El Salvador adopted one of the world’s most crypto friendly stances when the government announced in September that Bitcoin would be accepted as a legal tender, along with awarding fractional shares of Bitcoin, approximately worth $30, to all citizens who signed up for the government’s preferred digital wallet, Chivo.
Bitcoin HODLs Above $50k, Major FOMO Signals Lighting Up Ahead Of Christmas
Bitcoin (BTC) broke past several key areas of resistance in the past 24 hours while quickly climbing from a low of $48,250 to a high of $51,527.62 whike flashing positive signs that there could be more gains ahead.
Valkyrie Launches A Second Bitcoin Exchange Traded Fund, The Balance Sheet Opportunities Bitcoin ETF
2021 saw the first Bitcoin futures exchange traded fund launch (ETF) when Proshares launched their Bitcoin Strategy ETF on October 20. Valkyrie quickly followed suit, launching their own Bitcoin ETF on October 23. Bitcoin subsequently rallied to all time highs following the release of the two ETFs and now Valkyrie has launched a second Bitcoin ETF.
NYDIG Eyes Bitcoin Dominance As The Company Announces Another Successful Funding Round Led By WestCap
NYDIG, a subsidiary of Stone Ridge and emerging crypto leader, just completed a massive $1 billion funding round that has raised the company’s total valuation to just over $7 billion.
The Crypto Market Is Reeling As The Three Largest Tokens Plunge On Fresh Concerns
The crypto market started out the new week by continuing its recent negative trend that has dragged the broader market down. The three largest cryptocurrencies in terms of market capitalization, Bitcoin Ethereum, and Binance, are all moving lower. During the past 24 hours of trading, all three tokens are down between three and five percent and the overall crypto market has seen a decline of 3.6%.
Several Warning Signs Flash For Bitcoin, Could A Drop To The $30k Range Be Up Next?
December has been somewhat brutal regarding crypto markets with a prolonged bearish streak that has been devastating for that majority of digital assets. With the exception of a handful of coins, Friday continued the streak of down days as the majority of small, medium, and large-cap coins continued to shed value. Now, several technical trading indicators are flashing warning signs that continued losses might be possible, culminating in Bitcoin dropping to a sub $40k valuation.
Whales Feasted During Recent Bitcoin Sell-off Acquiring Over $3.3 Billion In Three Days
The most recent crypto flash crash that took place three days ago wiped out more than a fifth of Bitcoin’s value and caused over $2 billion worth of positions to be liquidated ended up being nothing more than a feeding party for whales as they gobbled up more than $3.3 billion worth of Bitcoin during the dip.