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Cryptocurrency Is Picking up Steam in Small Cities in India: Report
20.9.2021
Cryptocurrency usage and trading are experiencing a boom in India, and most of this growth is coming from small cities. According to reports from local exchanges, the growth has been exponential. The profile of these new participants has also been interesting, as they are highly educated, not only...
Laos Authorizes Cryptocurrency Mining and Trading Activities
18.9.2021
Laos has authorized a series of cryptocurrency mining and trading projects in the country, looking for another source of income to supplement the losses caused by the drop in tourism due to COVID-19 related measures. Six companies have been authorized to start cryptocurrency trading and mining...
Cheap Power Brings Bitcoin Mining Boom to Venezuela as Country Moves Toward Digital Economy
3.9.2021
The very low power rates in Venezuela have created a powerful incentive to mine Bitcoin for a lucky few that have the capital (and dare) to purchase miners and infrastructure in the country. The rise of digital currencies has created a new industry that uses cheap energy and turns it into precious...
Travel Rule Implementation Still Far Off Due to Tech Limitations, Australian Regulator Reports
30.8.2021
The Australian Department of Home Affairs stated that the country lacked the technical capabilities to implement a system that complies with the travel rule proposed for cryptocurrencies. The Department concluded this in an appearance before the Senate in Australia last Friday. However,...
Coinbase announces $500M crypto buying spree, pledges to invest 10% of future profits into digital assets
20.8.2021
CEO Brian Armstrong expects the percentage of profits spent on cryptos to grow over time
Venezuelan Buys Apartment Using Tether as Real Estate Market Warms Up to Crypto
17.8.2021
A Venezuelan individual has reportedly purchased an apartment using cryptocurrency, specifically Tether, in the coastal state of Anzoategui last month. This is one of the first purchases of real estate with crypto that has been recorded in the country, but more properties are listed as accepting...
Kidnappers Kill Venezuelan Citizen for Not Paying Ransom Requested in Bitcoin
14.8.2021
A Venezuelan merchant was kidnapped and killed after his family failed to gather a ransom that kidnappers explicitly asked to be paid in bitcoin. The perpetrators asked for a sum of 1.5 bitcoin to release the hostage, later lowering the ransom to 0.5 bitcoin. The family of the victim finally...
Bitcoin chart fractal suggests BTC price will rally to at least $80K by September
2.8.2021
Calls for a doubled-up Bitcoin price rise as the cryptocurrency paints ten green candles in a row
Cryptocurrency Trading Volumes Decreased 40% in June
14.7.2021
Cryptocurrency trading volumes decreased significantly in June according to data from Cryptocompare, a price and volume tracking organization. Volumes traded diminished by at least 40% month-on-month, with spot and derivatives trading both suffering due to the mining and trading crackdown in China...
China Opens Digital Yuan Whitelist for Ten Million Citizens
10.7.2021
The Chinese government is taking its digital yuan test one step further. Now, 10 million users will be able to test and use the currency after applying to join a whitelist in selected state banks. This new phase of the test aims to detect possible problems in a more broad testing environment. China...
BlockFi starts shipping Visa-backed Bitcoin rewards credit cards
7.7.2021
Cardholders will earn a percentage back in Bitcoin instead of airline miles or other cashback rewards
Ark Invest Files for a Bitcoin ETF
29.6.2021
Ark Invest, the investment company founded by Cathie Wood, filed for approval to offer a Bitcoin ETF yesterday. 21Shares, an investment firm with experience launching related products in Europe, will help Ark to launch the product. Ark Invest is the latest of several funds showing interest...
Europol Cracks Down on Vitae Belgian Ponzi Scheme, Recovers €1.5 Million in Crypto
28.6.2021
Europol, the EU law agency, cracked down on Vitae, a Belgian Ponzi scheme. Europol raided 17 locations related to the website, promoted as a social media site with its own cryptocurrency. The company operated in Switzerland under the name VITAE AG. Law enforcement officials recovered €1.1...
Nicolas Maduro States Venezuela Pioneered Crypto Adoption in South America as Petro Use Flounders
22.6.2021
President Nicolas Maduro stated that Venezuela was a pioneer in cryptocurrency adoption in Latam in an interview with Bloomberg last week. Venezuela is still one of the first cryptocurrency volume movers in South America. However, the petro token, its official cryptocurrency, has failed to pick...
400+ Miners Seized in Venezuela Due to Lack of Permits
21.6.2021
Authorities seized more than 400 Bitcoin miners in Venezuela this weekend in two major confiscations. Local reports indicate military personnel seized 332 miners from a transport truck. In another procedure, authorities seized 72 miners hidden in a house. These activities resulted in...
SEC Leaves Bitcoin and Cryptocurrency Off Regulatory Agenda 2021
16.6.2021
The U.S. Securities and Exchange Commission (SEC) has released its regulatory agenda which does not mention bitcoin or cryptocurrency regulation. Bitcoin, Cryptocurrencies Not on SEC’s Latest Regulatory Agenda The Office of Information and Regulatory Affairs released the Biden...
Kraken Weighs in on IPO After Coinbase’s Lackluster Direct Listing Performance
12.6.2021
Kraken, the US-based exchange, is weighing in on whether to use an IPO or a direct listing to go public. Kraken’s CEO Jesse Powell stated that after Coinbase’s performance, they were considering other options for going public next year. The company will be the second crypto exchange...
Mike Novogratz: Bitcoin Investors Waiting for a New Narrative Shift
9.6.2021
Mike Novogratz declared institutional investors are waiting for the next narrative shift in a recent interview at the Bitcoin 2021 conference in Miami. The CEO of Galaxy Digital thinks the market is now in a consolidation phase after the price crash last month. Novogratz also commented on what...
Chinese social media giant Weibo reportedly bans crypto-related accounts
7.6.2021
The government doesn’t want a Chinese version of Elon Musk, an expert said
Localbitcoins Adds Bitcoin Cash and Other Cryptocurrencies as Payment Methods
5.6.2021
Localbitcoins, one of the biggest P2P exchanges in the world, has added Bitcoin Cash and other cryptocurrencies as payment methods to acquire Bitcoin on its platform. This marks a clear departure from the earlier position of the company, which hadn’t added new payment methods and had remained...