Unregistered Crypto Firms in Canada Facilitate Money Laundering, Investigation Finds Summary Undercover investigation shows unregistered crypto firms across Canada enabling anonymous cash-for-crypto deals, violating money laundering rules. Platforms transact millions with minimal compliance—one Toronto storefront exchanged cash using only a bill’s serial number as ID. Experts warn enforcement gaps; FINTRAC lacks resources, as firms offer…
Institutional investors largely unaware of Bitcoin Core-Knots debate, Galaxy Digital survey finds Summary 46% of surveyed institutional investors had no knowledge of the Bitcoin Core versus Bitcoin Knots debate Only 18% of respondents held strong opinions, all supporting Bitcoin Core’s approach Major mining operations show minimal concern about the protocol dispute, according to Galaxy Digital…
Chainlink price has formed multiple bearish patterns that suggest its ongoing downtrend could extend over the coming weeks. Summary Chainlink price is down nearly 50% from its yearly high. LINK price is close to confirming a death cross on the 1-day chart. According to data from crypto.news, Chainlink (LINK) hit a yearly high of $27.70…
Stablecoins could pose a risk to financial stability and inflation in Europe that could compel the European Central Bank to reconsider its monetary policy, according to Dutch central bank governor Olaf Sleijpen. Summary ECB’s Olaf Sleijpen warns stablecoins could disrupt financial stability and inflation control in Europe. Sleijpen said the ECB may need to act,…
Summary Tom Lee claims Ethereum is following in Bitcoin’s footsteps, warning of steep corrections but vast upside. Detractors ask what sets Ether apart from hundreds of rival coins and question its real-world utility for traditional finance. Future growth depends on stronger on-chain activity, Layer 2 innovation, and expanded institutional adoption. Ethereum (ETH) is “entering the…
207 billion SHIB tokens exit exchanges in 24-Hour period, largest outflow in months. Summary 207 billion SHIB tokens exited exchanges in 24 hours, marking the largest withdrawal in months. Despite major outflows, SHIB’s price remained stable due to weak market momentum and technical resistance. Investors show neutral stance, holding tokens as Shiba Inu awaits new…
Bitcoin price slid to its lowest level in over six months on Monday, weighed down by a wave of liquidations and ongoing outflows from its spot ETFs. Summary Bitcoin price is down over 10% in the last 7 days. Over $240 million has been liquidated from BTC futures market. Bitcoin has confirmed a death cross…
Regulators in Japan are planning to classify cryptocurrencies as “financial products” under the Financial Instruments and Exchange Act and introduce a tax overhaul for the sector. Summary Japan’s FSA plans to classify 105 cryptocurrencies as financial products. The agency wants to tax approved tokens at a flat 20% capital gains rate. Per local media, Japan’s…
Ethereum price crashed to an important support level as its open interest slipped and exchange-traded funds outflows accelerated. Summary Ethereum price has crashed by 35% from its highest level this year. The supply of exchanges has been in a strong freefall in the past few months. Ether has formed a small double-bottom pattern on the…
The AVAX price has crashed to a crucial support level after falling by 72% from its highest point in November as traders wait for the upcoming Avalanche Granite upgrade. Summary Avalanche price has tumbled to a crucial support level this month. The network will activate the Granite upgrade this week. Technical analysis suggests that it…
