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Crypto

Nevada Shuts Down Fortress Trust Over Insolvency

Nevada regulators issued a cease-and-desist order dated October 22 against crypto custodian Fortress Trust, now known as Elemental Financial Technologies Inc., citing the firm as on the verge of insolvency with a liquidity position “wholly inadequate to meet customer obligations.” According to Bloomberg, the state’s Financial Institutions Division found Fortress…

Russia Proposes Making Crypto Part of Divorce Settlements in New Law

Russian lawmaker Igor Antropenko has submitted legislation to recognize crypto as marital property, subject to division during divorce proceedings, thereby addressing the risks to property rights created by the unclear legal status of digital assets. According to a local report, the draft federal law proposes amendments to Articles 34 and…

“Bear or Bull!” – Here Are the Prices He Expects!

Leading cryptocurrency Bitcoin (BTC) remains strong above $100,000 as it continues its volatile movements. While some investors say that Bitcoin has not yet reached its peak and that there is still room for growth, some analysts believe that the peak has already arrived. One of these analysts was legendary 50-year-old…

The Fear and Greed Index has been stuck on “fear” for seven consecutive days, a state that — coupled with a bitcoin BTC$108,067.60 price constrained between between $103,000 and $115,000 for almost two weeks — may indicate a period of prolonged crypto market anxiety. The index measures market sentiment on…

Hong Kong Stock Exchange Tightens Scrutiny on Crypto Hoarding Vehicles: Report

The Hong Kong Stock Exchange (HKEX) has tightened listing rules for at least five companies seeking to shift to core crypto treasuries or DAT. The exchange group has questioned their compliance with regulations prohibiting large liquid holdings, sources told Bloomberg.Further, the HKEX has reiterated that all listing applicants must operate…

Watch Out: Analysis Company Warned, This is the Most Important Key Point Level for XRP

Cryptocurrency analysis firm MakroVision has shared its latest update on the XRP chart. The company notes that the altcoin is recovering after strong selling pressure but is approaching a critical resistance zone. According to MakroVision’s analysis, XRP ended the selling pressure in the “golden pocket” region located in the $1.40-$1.55…

Crypto Bulls and Bears Lose 0M Each as Bitcoin Climbs to 3K, Then Dumps

Bitcoin’s BTC$108,309.92 two-way price action is squeezing both leveraged bullish and bearish plays, underscoring challenging market conditions for traders. In the past 24 hours, BTC’s price has traded back and forth between $107,000 and $113,000, wiping out roughly $600 million in market-wide bullish and bearish futures bets. The liquidation wave…