Crypto

Source: Coin Tegraph The securities regulator claims the token is undercollateralized and its backing funds are in a risky overseas investment. Read Full Article

Source: Bitcoinist Bitwise Chief Investment Officer Matt Hougan has recently highlighted a growing trend of top financial advisors “allocating to cryptocurrency” in their portfolios. Speaking at the Barron’s Advisor 100 Summit in Palm Beach, Florida, Hougan shared insights on how some of the “most powerful people” in the financial industry are beginning to embrace digital…

Source: Coin Tegraph NEAR extends its 50% gain as user activity, network TVL and a critical network upgrade boost interest in the blockchain. Read Full Article

Source: Coin Tegraph Bullish Bitcoin traders are making progress by attempting to retake the 200-day moving average, but a close above $66,000 could kickstart a rally to BTC’s all-time high. Read Full Article

Source: Bitcoinist Dogecoin holders are working tirelessly to change the crypto’s trajectory after previous weeks of stagnation and disinteresting price action. Notably, on-chain data suggests that large holders of Dogecoin are working on extending a promising price rally last week. Data insights from IntoTheBlock (ITB) reveal that both large holder netflow and exchange netflow are…

Source: Coin Tegraph The proliferation of institutional Bitcoin custodians creates opportunities for MicroStrategy, according to a Benchmark analyst. Read Full Article

Source: Coin Tegraph Bank of New York Mellon will not be held to SEC accounting practices for client crypto custody after a review. Read Full Article

Source: Bitcoinist Australia is taking considerable measures to regulate the cryptocurrency business, with the goal of improving consumer safety and reducing fraudulent activity. The Australian Securities and Investments Commission (ASIC) has revealed intentions to compel cryptocurrency enterprises, including exchanges, to seek financial services licenses under the Corporations Act. This decision comes amid growing worries about…

Source: Coin Tegraph The suit alleges that Visa purposely made it difficult for competitors to participate in the payments market.  Read Full Article

Source: Coin Tegraph The former head of Alameda Research will serve her sentence in a minimum-security prison.  Read Full Article