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The outgoing chairman of the Hong Kong Securities Authority has lifted a ban on domestic cryptocurrency exchanges and instead proposed formal regulatory methods.
On the bitfinex exchange, the price of bitcoin rose by $1,500 in just a couple of hours, from $6,294 to $7,788, which is a 24% increase. However, such a jump did not occur on other exchanges. This is associated with the exchange’s use of the stable token tether.
In a series of high-profile listings, bonus digital asset exchange Gemini will add support for Litecoin (LTC). The listing will likely help improve LTC's image and make it more accessible to a wider range of investors.
Crypto scammers have long been using the trick with famous personalities to deceive gullible users, but now, instead of businessmen and influential people in the crypto industry, they have politicians and government officials in their arsenal. In yet another scam on Facebook, scammers, using a photo of New Zealand Prime Minister Jacinda Ardern, called for investing in the cryptocurrency startup Bitcoin Revolution.
According to cryptocurrency expert Darin Oliver, the penetration of blockchain into all areas of life in China presents a unique opportunity for cryptocurrency gambling operators to create a powerful new financial industry.
According to CNBC, in February of this year, a Canadian resident became a victim of a telephone scam. As a result, she bought $62,500 worth of Bitcoin and sent it to the scammer, who she believed was the Canada Revenue Agency.
Over the weekend, trading volumes were more than modest and the market remained in a sideways range. In the near future, the decline towards target levels will resume
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