By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK). As Bitcoin and stocks continue to be sold off after almost every rally in recent weeks, as the S&P 500 reached a new yearly low yesterday. But could now be an opportunity to buy before a rewarding bounce? Banking giants seem to think so, as Goldman Sachs said at the […]

Summary: The U.S. Securities and Exchange Commission charged Hydrogen and its former chief operating officer, Michael Ross Kane on Wednesday. Charges include the sale of unregistered security tokens and alleged market manipulation. The startup made over $2 million in profits, per the agency’s filing. Hydrogen denied the claims and said the agency’s case “wholly lacks merit”.  New York-based startup Hydrogen […]

A spokesperson for Terraform Labs said they would not reveal the location of co-founder Do Kwon, according to a Wall Street Journal report. The company has cited “physical security risks” as the reason behind not wanting to disclose Kwon’s location. Interpol has issued a red notice for Do Kwon, who was last known to be in Singapore, where the company […]

Kazakhstan is ready to legalize a mechanism for converting cryptocurrencies to cash if there is demand, said President Kassym-Jomart Tokayev, per local news agency Informburo on Sept. 28. Speaking at the international forum Digital Bridge 2022, Tokayev emphasized that Kazakhstan aims to become an international leader in the field of digital technology, cryptocurrency ecosystem and regulated mining. He noted that […]

Kalin Metodiev, the co-founder and managing partner of crypto lender Nexo stated his firm was “surprised” by the way in which eight state regulators publicly took action against it for securities violations. Earlier this week the California Department of Financial Protection & Innovation (DFPI) filed a desist and refrain order against Nexo’s Earn Interest Product, claiming the company was offering […]

In a recent interview, BitMEX chief executive Alexander Höptner shared his thoughts about institutional investors who, in his view, still have an appetite for crypto and Ethereum. Speaking at the Token2049 conference in Singapore on Sept. 28, the crypto executive told Cointelegraph that there has not been a “single slowdown of institutional push into crypto” during this bear market. He […]

USD Coin (USDC) issuers Circle have announced that it will soon roll out its stablecoin across five additional networks including Polkadot, Optimism, NEAR, Arbitrum and Cosmos. The firm first dropped the news at the Converge22 event on Sept. 28, and noted that support for most of these blockchains will be rolled out by the end of 2023, while USDC on […]

By Marcus Sotiriou, Analyst at the publicly listed digital asset broker GlobalBlock (TSXV:BLOK).  As markets experienced some relief yesterday from the persistent sell pressure we have seen, the sea of green across crypto lasted very briefly. Fear around the Pound’s instability and lack of certainty over the UK government’s stance on monetary policy has taken headlines by storm. This topic has caused extreme […]