Crypto Turns Broadly Lower in U.S. Afternoon Trade as Stocks Give Away Gains
An overnight bounce following dovish remarks from the Bank of Japan has failed to hold.
Financial
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Brazilian Civil Police Dismantles Crypto Laundering Scheme Employed by Drug Gang
The criminal group used a company that functioned as a crypto exchange.
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The Protocol: Death Cross, Dip Buying and Developer Nerves
Bitcoin swooned, and crypto markets followed. Should blockchain-project founders and developers be worried? PLUS: We break down Ronin Network’s $12 million run-in with white-hat hackers.
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Hong Kong Digital Bank Mox Adds Crypto ETFs, Plans Direct Crypto Investing
The bank becomes one of several offering bitcoin and ether ETFs to Hong Kong customers despite relatively low demand.
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Crypto PAC Fairshake Claims Another Win Against Elizabeth Warren Ally With Bush Loss
The Missouri primary defeat of Rep. Cori Bush marks the latest example of the industry’s millions opposing candidates favored by Warren, with whom the sector is waging open warfare.
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Solana Hits All-Time High Against Ether, Outperforms Bitcoin in Crypto Rebound
Solana and its ecosystem tokens look attractive compared to other altcoins and is a “clear option if looking for longs” after the market turmoil, a K33 Research analyst said.
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Ethereum Entities Largely Complied With Tornado Cash Sanctions, NY Fed Paper Says
Though Tornado Cash still sees some transaction volume, most validators are cooperating with sanctions, the paper said.
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UK Regulator FCA Has Issued Over 1K Warnings to Crypto Firms Since October
The FCA’s actions have led to the removal of 48 apps from U.K. app stores, Lucy Castledine, the regulator’s director of consumer investments, said in an interview.
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Long-Dormant Wallets Tied to $2B PlusToken China Ponzi Moves 2.8K Ether
In November 2020, Chinese authorities seized almost $4 billion worth of various tokens.
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Grayscale Introduces Crypto Funds for Decentralized AI Project Bittensor’s TAO and Layer-1 Network Sui’s Token
The firm recently launched a decentralized artificial intelligence-focused crypto fund and uplisted its closed-end Ethereum Trust to an ETF last month.