Page 4 - Block Crypto News Today

UK bans Binance cryptocurrency trading in the country June 28, 2021 by archyde The UK Financial Conduct Authority (FCA) announced the inadmissibility of the activities of one of the largest cryptocurrency exchanges in the world, Binance and its divisions in the country, and warned users of the cryptocurrency trading platform about this. The intervention of the British financial regulator was one of the most significant steps taken by the world’s regulators against Binance, a digital asset co...

One of China’s most prominent crypto traders went on trial in the city of Hangzhou this week. He is accused of “assisting internet criminal activities” for his alleged role in the laundering of billions of dollars linked to online gambling and other criminal activities. Zhao Dong, pictured in 2019 at a funding round for his crypto peer-to-peer lending and wallet startup, RenrenBit. (Image: CoinDesk) Zhao Dong is the head of over-the-counter (OTC) crypto-lending platform RenrenBit, and has...

by Tyler Durden Elon who? On Wednesday afternoon, the worlds 2nd richest man, Elon Musk, infuriated over 21 million bitcoin faithful (thats how many Americans are said to own the cryptocurrency) with his faux ESG concerns when he stunned everyone when he announced that he was shocked, shocked to learn that bitcoin mining uses electricity (just what do you think all those Teslas run on, Elon) and wont accept it any more as payment, bitcoin tumbled as much as 10% overnight, sliding from a high ...

May 7, 2021 Cryptocurrency markets are seeing a drastic increase in trading, at a time when volumes in stocks and derivatives have dropped off, as reported in the Financial Times. As more traders turn to speculative assets, cryptocurrencies are reaping the benefits. Trading on crypto exchanges climbed to $1.7t last month, compared to $1.2t in March and less than $100 billion in April of the previous year, according to data collated by The Block Crypto and reported in the Financial Times. Mean...

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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Short Change: There are parallels between the GameStop saga and Bitcoin, according to CNBC. Data from The Block Crypto indicates that hedge funds are short on the apex coin by over $1 billion.  The shorting picked up speed around October last year which coincides with the uptick in Bitcoin price. The cryptocurrency reached its all-time high of $41,941.56 on Jan. 8.  At the same time, retail interest in cryptocurrencies has remained strong, with Robinhood having to shut off some cryptocurren...