Author: John Smith

The Pi Network price has stalled at a record low, even as the developers announced a major upgrade to the App Studio with the hope for more ecosystem growth. Summary Pi Network price has remained under pressure and is at its all-time low. The developers launched a major upgrade to its App Studio. A forming falling wedge pattern could lead to a short squeeze. Pi Network (PI) token was trading at $0.2040 on Sunday, down by over 90% from its all-time high. This plunge has made it one of the top laggards in the crypto industry. Pi Network launches App…

Japan is keen on establishing a framework to allow banks to buy and sell cryptocurrencies, including Bitcoin. Summary Japan’s FSA may let banks buy and hold Bitcoin and other cryptocurrencies. New framework would impose strict risk rules on bank crypto holdings. Banks could register as exchanges, expanding retail investor access. The country’s Financial Services Agency is beginning deliberations on system changes that would allow banks to acquire and hold cryptocurrencies in the same manner as stocks and government bonds. As per local reports, the matter will be discussed at an upcoming working group meeting of the Financial Services Council, an…

As Beijing raises concerns about the rise of privately controlled currencies, Chinese tech giants — Alibaba-backed Ant Group and e-commerce firm JD.com — are pausing plans to issue stablecoins in Hong Kong. Summary Ant Group and JD.com pause Hong Kong stablecoin plans after Beijing warnings. PBoC raised sovereignty concerns over private firms issuing currencies. Caution follows Zhou Xiaochuan’s warning on speculation and instability. According to the Financial Times, the companies had announced over the summer that they would participate in Hong Kong’s pilot stablecoin program. But now Chinese regulators, including the People’s Bank of China and the Cyberspace Administration of…

October seems on the verge of canceling Uptober as crypto prices retraced after a recent multi-billion-dollar liquidation. But even with that, analysts say steady ETF demand can still support a rebound. Summary October started strong for Bitcoin, with ETF inflows and institutional demand pushing crypto prices to new all-time highs, following historical trends that make the month one of the best for the cryptocurrency. That momentum was quickly shaken when a $19 billion liquidation event, amplified by thin order books and crowded derivatives. But analysts say the seasonal rally isn’t dead yet. October started like a typical Uptober, with ETF…

Ethereum price has crashed into a bear market in the past few weeks, but technicals and treasury purchases point to a strong comeback in the near term.  Summary Ethereum price has pulled back and moved into a bear market this year. The coin has formed a bullish flag pattern on the daily chart. Companies like BitMine have continued to accumulate Ether tokens. At last check Saturday, Ethereum (ETH) traded at around $3,860, down by over 22% from the year-to-date high of $4,965, but up about 2.4% over the past 24 hours. Ethereum price has numerous fundamental and technical catalysts that…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. XYZVerse launches first crypto-powered CS2 league with $5.5m prize pool and on-chain transparency. Summary XYZVerse launches the first crypto-powered CS2 league with a $5.5m prize pool, uniting esports and blockchain. The new XYZVerse CS2 league brings transparency, rewards, and on-chain engagement to competitive gaming. With 1m+ expected views and growing demand, XYZVerse boosts exposure and utility for its community and token holders. Bitcoin’s value takes a sharp turn amid heavy sales from major funds. A wave of withdrawals sparks…

The Bitcoin price has crashed into a correction after plunging by 14% from its highest point this year, and the trend may continue as a risky pattern forms and exchange-traded fund (ETF) outflows persist.  Summary Bitcoin price has formed a double-top pattern on the daily chart. Spot Bitcoin ETFs shed over $1.6 billion in assets this week. Investors are experiencing significant concerns following the recent liquidations. American investors dumped their Bitcoin (BTC) holdings this week as the crypto Fear and Greed Index plummeted into the fear zone and liquidations surged.  Data compiled by SoSoValue shows that spot Bitcoin ETFs shed…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. While the EU has been working on regulating digital assets since early discussions in 2020 and now leads with the Markets in Crypto-Assets Regulation (MiCA), the U.S. has avoided enacting specific crypto laws for years. Instead, it relied on applying existing statutes to the digital space.  Summary Three major bills mark a policy shift: The CLARITY Act defines token categories and lifecycle transitions; the GENIUS Act regulates stablecoin issuance; and the Anti-CBDC Act seeks to ban a…

India’s Enforcement Directorate has seized cryptocurrency worth $286 million under anti-money laundering laws. Summary ED seizes $286M in crypto under anti-money laundering probe into OctaFX. Pavel Prozorov, the OctaFX mastermind, was arrested in Spain for cybercrimes. OctaFX duped Indian investors of $225M through global Ponzi network. They also announced the arrest of Pavel Prozorov, the alleged mastermind behind the multi-billion-dollar OctaFX Ponzi scheme. Spanish authorities arrested Prozorov based on his involvement in cybercrimes affecting multiple countries, according to an ED statement. The provisional order issued under the Prevention of Money Laundering Act attaches the cryptocurrency holdings as part of an…

As the crypto mining industry evolves, some of the biggest names are making a dramatic shift from the traditional world of Bitcoin mining to the booming sectors of artificial intelligence (AI) and high-performance computing (HPC). Bloomberg reports that this strategic pivot is helping them hedge against the volatility of cryptocurrency markets but also positions them at the forefront of emerging technological trends. Here’s a closer look at the companies leading the charge: Bitdeer Technologies Singapore-based Bitdeer Technologies Group is making waves by converting its major mining sites into AI data centers. On Wednesday, the company — trading on the Nasdaq…