News Bit: Ethereum Price Update: Ether Loses Shanghai Gains as Bitcoin Slumps 10%
Ether erases gains from Shanghai upgrade as Bitcoin faces a 10% drop in a week. Discover the factors behind these price movements.
Binance Research: Market Indifference to BAKKT Launch Brought About September Crypto Market Drop
Besides BAKKT, Binance said its OTC desk has seen more sell flows than buys. Traders have moved out of their altcoin positions and even BTC positions when BTC prices were around $10,000.
Wash Trading Research and Allegations Rock Crypto Exchanges
One factor of market manipulation is information asymmetric where one party has better information than the other party.
Senator Imee Marcos Proposes Bill to Clarify Digital Assets and Standardize Licensing of Virtual Currency Operations
In her explanatory note, the newly-elected Senator explained how the current regulatory landscape when it comes, in particular, with cryptocurrencies is highly disorganized.
BAKKT Launch Provides Institutions to Take Positions in a Regulated Venue
As the Bitcoin price reaches its lowest point in the last 3 months, it will be interesting to see how BAKKT and institutional investors will affect the cryptocurrency market.
PH Senators Recommend SEC, BIR, BSP etc in Digital Asset/Cryptocurrency Task Force
The Senators admitted that due to the complexity of the subject matter, the recommendation is not to rush drafting a law, but to create a task force composed of the following agencies to study the field.
Chinese Firm Raided by Police for Running Crypto Scam Insisted It Is Not Doing Illegal Operations
Grapefruit (GSI) insisted, apart from not operating illegally, via a letter to the BI that they hired the 4 Chinese Nationals named in the warrant based on documents these 4 submitted like passports, visas, etc.