The Advertising Standards Authority (ASA), the U.K. advertising watchdog, declared it would crack down on misleading ads promoting cryptocurrency investments. The organization will include cryptocurrency campaigns as a “red alert” priority in the financial marketing department. The organization will be more proactive regarding these ads, it claims, contacting companies and issuing warnings in the future.
A popular crypto analyst and trader believes that Bitcoin (BTC) and Ethereum (ETH) are poised for huge breakouts amid the bearish sentiment in the digital asset markets.
The pseudonymous analyst known in the industry as Smart Contracter, tells his 154,900 followers that Bitcoin is forming a bullish pattern indicating that a move to the upside is on the horizon.
Trading and holding crypto tokens, subsequently selling them or buying more can be quite intimidating at the beginning for new users. What could help them declutter their dilemma is a great crypto exchange platform and one such is KuCoin.
Caitlin Long, the founder and CEO of the pioneering bank for the crypto sector, Avanti Bank & Trust, has declared that the regulatory crackdown on crypto “has begun.”
In a lengthy tweet on July 13, the Wall Street veteran highlighted her thoughts on the current regulatory situation in the U.S., predicting that authorities will not target Bitcoin and Ethereum directly, instead opting to go after “intermediaries” and “access points” for U.S. dollars into the sector.
Coinchange is diversifying its portfolio of offerings with a move into the DeFi space. The High-Yield Account will provide all users with returns of up to 25% per annum on their USDC balances. This unique opportunity is paired alongside Coinchange’s existing fiat gateways and crypto brokerage, which will allow users to buy and sell BTC, ETH, USDC and USDT with 0% trading fees for a limited time.
The number of Bitcoin held on centralized exchanges has consistently fallen since late May, with roughly 2,000 BTC (worth roughly $66 million at current prices) flowing out of exchanges daily.
They say all good things come to an end, and the Elon Musk-inflicted Dogecoin pump is no stranger to that.
“Maybe if it sees a Shiba Inu, the car renders a Dogecoin,” said Musk in a reply to a tweet today, with the original post simply stating: “#TeslaVision can indeed see dogs!.”
The London Metropolitan Police said it has seized almost GBP 180m (USD 249m) in an unspecified cryptocurrency during an ongoing investigation into international money laundering that "will continue for months to come."
"This is believed to be one of the largest seizures globally and tops the GBP 114m confiscation made by the Met on Thursday, 24 June," the Met Police said today.
Publicly traded Chinese bitcoin miner BIT Mining has raised $50 million in a private stock offering as it secures back-up plans after China's crackdown orders.
Litecoin price analysis indicates bearish price action to be seen later today. After a higher low was set yesterday, the market price pushed lower, indicating that the next bearish wave is in progress.