Crypto Business Challenges with Czech Banks: CoinBank Project Defies the Odds

Crypto Business Challenges with Czech Banks: CoinBank Project Defies the Odds

Crypto business is not very well understood by banks in the Czech Republic. All major domestic cryptocurrency exchanges and exchanges have had their accounts terminated. Yet there is a virtual currency “exchange” that has avoided this. The CoinBank project was co-founded by Jindřich Patera, who once worked as a programmer at Fio Bank. At the … Read more

Hamster Racing: The Adrenaline-Fueled Sport Taking the Crypto World by Storm

Hamster Racing: The Adrenaline-Fueled Sport Taking the Crypto World by Storm

There is no exact definition of a degen, but sometimes they can be described as gamblers who try their luck at every stupid thing that they know is nonsense, but hope that its price will skyrocket and they will sell in time. But perhaps a better description would be that the right degen likes adenalin. … Read more

Bitcoin Price Predictions: Long-Term Perspective Reveals Interesting Patterns

Bitcoin Price Predictions: Long-Term Perspective Reveals Interesting Patterns

With the recent recovery in cryptocurrency prices, Bitcoin price predictions have started popping up, and they aren’t exactly sparing with optimism. Even if the notions of price multiples of the most widely used cryptocurrency turn out to be true, it still doesn’t have to mean an easy path to riches. Bitcoin hasn’t been working for … Read more

Troubles Mount for Binance: Layoffs, Investigations, and Restrictions Plague the Crypto Exchange

Troubles Mount for Binance: Layoffs, Investigations, and Restrictions Plague the Crypto Exchange

A spokesperson for Binance confirmed the layoffs, but declined to say how many employees left the company. List WSJ refers in its report to information directly from the employees of this company. According to them, the dismissal of a thousand people is only the tip of the iceberg. The cuts should continue, the stock exchange … Read more

Bitcoin’s Rise as a Digital Gold Alternative and Investment

Bitcoin’s Rise as a Digital Gold Alternative and Investment

This year is shaping up to be better and better for Bitcoin in a number of ways. Since the beginning of January, the cryptocurrency exchange rate has strengthened by 80 percent, while the broad American stock index S&P 500 has increased by fifteen percent. Perhaps even more important than the current price: in the second … Read more

Binance in Trouble: SEC Lawsuit Causes Drop in BNB Token Price

Binance in Trouble: SEC Lawsuit Causes Drop in BNB Token Price

The world’s largest crypto exchange is in trouble, and with it its token BNB, formerly known as Binance Coin. Its price dropped significantly after Binance was sued by the US Securities and Exchange Commission (SEC) for allegedly operating an illegal stock exchange. It’s such an explosive topic that the editors were clear about the theme … Read more

Binance Crypto Exchange Violates Investor Protection Rules: SEC Files Lawsuit

Binance Crypto Exchange Violates Investor Protection Rules: SEC Files Lawsuit

Violation of investor protection rules by operating unregistered exchanges, misrepresenting trading controls or selling unregistered securities. The SEC has made several accusations, for which the crypto exchange and its boss will be held accountable before the American justice system. “Zhao and Binance engaged in a vast web of fraud, conflicts of interest, lack of disclosure … Read more

Binance, the World’s Largest Cryptocurrency Trading Platform, Sued by SEC for Violating US Law

Binance, the World’s Largest Cryptocurrency Trading Platform, Sued by SEC for Violating US Law

The US stock market watchdog SEC on Monday sued Binance, the largest cryptocurrency trading platform in the world, for violating US law. CEO Changpeng Zhao was also charged. Documents filed by the SEC in Washington federal court show that there are a total of thirteen charges. Binance would have operated in the US without a … Read more

Bitcoin and Other Cryptocurrencies Experience Sharp Drop in Value Amid Regulatory Pressure

Bitcoin and Other Cryptocurrencies Experience Sharp Drop in Value Amid Regulatory Pressure

A week ago, Bitcoin was offered for CZK 631,030, but on Friday morning the exchange rate dropped to CZK 564,360. Although it rose to CZK 574,130 in the afternoon, it is still one of the lowest values ​​since mid-March. It follows from the data of the specialist CoinMarketCap server. However, it should be noted that … Read more

New York Proposes Strongest and Most Comprehensive Cryptocurrency Regulations in the Nation

New York Proposes Strongest and Most Comprehensive Cryptocurrency Regulations in the Nation

“This is a positive move towards greater transparency and accountability” May 10, 2023 3:02 p.m. The regulation of cryptocurrencies could take a step forward soon in the Empire State, as lawmakers consider new rules proposed by New York Attorney General Letitia James. The goal is to make the nascent industry a little more like Wall … Read more