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Robinhood Gets USD 70M Penalty Due To 'Signigificant Harm' + More News
30.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Regulation news
The US Financial Industry Regulatory Authority (FINRA) said it has fined Robinhood, the major online trading platform, USD...
Coinbase Launches High Yield USDC Accounts With 4% APY
30.6.2021
Coinbase, the largest exchange in terms of crypto reserves held, has announced the introduction of a savings program tied to usd coin. The company’s high yield USDC savings program allows customers to gain 4% APY interest on stablecoin accounts. Coinbase Reveals USDC Savings Program With...
Bitcoin Climbs Above USD 35K, Ethereum and Altcoins In Green
29.6.2021
Bitcoin price stayed above the USD 34,000 pivot level and it extended its rise. BTC surpassed the main USD 35,000 resistance to move further into a positive zone. It is currently (12:27 PM UTC) showing positive signs, but the bears might take a stand near USD 36,500 in the short-term.
Besides, most...
Award Pool Secures $2.8 Million in funding to Reimagine NFT-Based Challenges
29.6.2021
Ontario, Canada (June 29, 2021) ‒ Today, Award Pool, a platform that provides companies with a unique way to engage their audience with custom made challenges and Non-Fungible Token (NFT) rewards, has reached CAD 2.8 Million in funding from over 50 investors including FunFair Technologies...
Crypto.com Launches Worldwide USD Deposits With Circle
29.6.2021
The renowned cryptocurrency exchange forum Crypto.com has entered into a partnership agreement with Circle, an international Fintech corporation, to allow deposits in USD at Crypto.com. Crypto.com has a client base that exceeds ten million, and it supports more than a hundred cryptocurrencies...
Boston Fed President Says the ‘Exponential Growth’ of Stablecoins Could ‘Disrupt’ Money Markets
27.6.2021
Boston Federal Reserve president Eric Rosengren discussed stablecoins in a recent presentation on June 25. Rosengren stressed that stablecoins could be a “disruptor” to prime money market funds and the Boston Fed president remarked that the exponential growth of stablecoins...
Beating Bitcoin: Why some traders don't care about USD prices
26.6.2021
It's all about the BTC for Hodlers who don't intend to cash out anytime soon
Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi
26.6.2021
The days of 4,000% APY on DeFi liquidity pools could soon be replaced by safer, lower-yielding stablecoin-denominated pools
Dogecoin Sheds 67% Since Price High — Meme Token’s 12 Month Market Stats Still Outshined BTC
25.6.2021
The notorious meme crypto asset dogecoin has seen better days, as the digital currency tapped an all-time high (ATH) two months ago at $0.737 per unit. Today, dogecoin is down 67% since the ATH and over 30% during the last three months as interest in the dog meme coin is waning. Dogecoin Interest...
Andreessen Horowitz Secures USD 2.2B For These 5 Crypto Areas
24.6.2021
US-based venture capital powerhouse Andreessen Horowitz (a16z) announced a new USD 2.2bn fund to continue investing in crypto networks.
"This fund allows us to find the next generation of visionary crypto founders, and invest in the most exciting areas of crypto. We invest in all stages, from...
South African ‘Exit Scam’ Sees Brothers Vanish with USD 3.6B in Bitcoin
24.6.2021
An apparent exit scam in South Africa could have left investors out of pocket to the tune of USD 3.6bn after the two brothers who operate the Africrypt project “vanished” following reports of a hushed-up “hack.”
Per Bloomberg, Hanekom Attorneys, a legal firm in Cape Town was hired by investors,...
AfriCrypt Disappears with $3.6 Billion Worth of Bitcoin
24.6.2021
AfriCrypt, the well-known South African crypto trading platform, stopped functioning back in April. The owners, Raees and Ameer Cajee, who are also brothers, claimed that the shutdown was because of piracy concerns. Now, both of them have disappeared alongside $3.6 billion worth of Bitcoin. Both...
Korean Civil Service Rewards Taxman who Found USD 32M in Hidden Crypto
24.6.2021
Hwang Byung-gwang (third from left). The South Korean tax service appears in a congratulatory mood after a series of swoops on high-band tax evaders unearthed millions of dollars worth of undisclosed crypto – and has rewarded a tax who uncovered a taxman dodger’s hidden USD 32.3m crypto stash.
Per...
Latest South Korean Tax Evasion Busts: Crypto Worth USD 47m Seized
23.6.2021
The South Korean crackdown on high-band taxpayers who have used crypto purchases to hide the scale of their earnings from the taxman has rolled on to the affluent Gyeonggi Province, catching some big fish – with crypto confiscated from rich doctors and TV stars.
Since gaining the powers they needed...
Bitcoin Dips Below USD 30,000
22.6.2021
The most popular cryptocurrency, bitcoin (BTC) dropped below the USD 30,000 threshold today, while altcoins bleed even more.
Last Tuesday, its price was c. USD 40,500. Since then, the price fell nearly 27% in a week, while in the last 24 hours, it's down more than 9% - trading at USD 29,732...
Bitcoin MicroStrategy: Down by USD 479M in 2021, Up by USD 676M in 10 Months
22.6.2021
US-based software developer and Bitcoin (BTC) supporter MicroStrategy has seen the value of its BTC investments this year dropping by around USD 479m, but it still increased by USD 676m in total in less than a year.
Per the June 21 press release, the company holds approximately BTC 105,085...
Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines
22.6.2021
Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation
$135K for December: Stock-to-Flow Creator Lays out Bitcoin’s ‘Worst Case Scenario for 2021’
21.6.2021
The pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has published his “worst case scenario for 2021” predictions on social media on Sunday. The analyst says there’s also a “more fundamental reason” to why bitcoin prices have been...
Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’
20.6.2021
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as legal tender and says it could “completely...
Decentraland Sees a Record USD 913,000 Virtual Land Sale
18.6.2021
Ethereum (ETH)-based open-world virtual reality (VR) game Decentraland just recorded the largest virtual land acquisition in its history. The buyer, virtual real-estate firm Republic Realm paid over USD 913,000 for 259 parcels of digital in-game land, paid in 1,295,000 MANA tokens.
The virtual...