Coinbase UK Unit Fined for Insufficient Money Laundering Controls DAILY MAKRKET WATCH Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. Coinbase’s UK arm, CB Payments Limited (CBPL), has been fined £3.5 million by the UK’s Financial Conduct Authority (FCA) for breaching financial crime regulations. The fine was issued due [...]
Bitcoin’s Price Is At A Crossroad DAILY MARKET WATCH The approval of the Bitcoin ETF triggered a crypto market surge that pushed Bitcoin to new highs. Amidst the rally, manias have emerged, including the explosion of memecoins. However, over recent weeks, Bitcoin’s price lost some of its momentum. It now ranges just below its All-Time High. The billion dollar question for traders is where [...]
Ethena’s Success Causes A Battle Within DeFi DAILY MARKET WATCH On Tuesday, the market experienced a sharp decline due to some of the $2 billion of Bitcoin within the United States Department of Justice’s wallet being moved. The wallet’s contents came from seizing 50,000 Bitcoin stolen from the dark web site, Silk Road. The market noticed an initial test transaction of 0.001 ($69) Bitcoin to [...]
Grayscale Believes Crypto Bull Cycle Is 50% Complete April 3, 2024 Coinrule One of the hardest parts of investing in crypto is “timing the top”. “A new paradigm”, “the super cycle” and “this time is different” themed X threads are written to keep you accumulating for the “next leg up”. However, Grayscale believes we are not there yet and detailed why in a report they released [...]
The Crypto Venture Capital Landscape Brightens As Q1 Closes April 2, 2024 On Sunday evening, Bitcoin closed the 7th month in a row with a green candle – the most in 13 years. Q1 was a wild one for the crypto world. ETFs, memes and increasing institutional involvement with the likes of BlackRock’s tokenised fund now having raised over $250 million. Venture capital (VC) crypto investments also made a [...]
Coinbase experiences crash as trading volumes continue to surge March 1, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets It looks like retail traders are finally joining the crypto party. Coinbase app downloads are one of the key indicators for retail interest in Crypto. Downloads have now propelled [...]
Crypto boom sees old and new meme coins flying February 29, 2024 The total crypto market cap is now over $2 trillion for the first time in almost 2 years. Coinbase also jumped this week from 422nd to 277th top downloaded apps in the App Store - signalling increasing retail interest.
IBIT is Bitcoin’s Trojan Horse for Institutions February 28, 2024 Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. The last time Bitcoin was over $57,000 was December 2021. Back then, euphoria was still in the air after touching $69,000. Theories of a ‘super-cycle’ were being thrown around [...]
Uniswap soars as SEC loses its bite February 27, 2024 Last Friday, a new proposal was released to upgrade Uniswap's (UNI) Protocol Governance. The change would enable a fee-sharing mechanism for token holders.
Bitcoin no longer aiming to be just digital gold February 26, 2024 What Bitcoin has not traditionally been known for is its technological innovation. It does not compete with Ethereum or other smart contract Blockchains for the use case of being the "world computer" on which decentralised applications can run.