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No ‘Black and White’ Answer to the Proof-of-Work vs. Proof-of-Stake Question, Says Kraken
11.8.2022
The proof-of-work versus proof-of-stake face-off does not need to be a fight to the death, a new report has suggested – and a more nuanced approach could pay off for crypto players now fretting about which side of the fence they should be on.
The claims were made in a report on PoW and PoS from...
BlackRock Doubles Down on Bitcoin, UNCTD vs. Crypto, DoJ Not Happy With Celsius + More News
11.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: BlackRock Doubles Down on Bitcoin, UNCTD vs. Crypto, DoJ Not Happy With Celsius + More News
Block Bitcoin Wallet Team Reveals Their Plans and Seeks Feedback
11.8.2022
Twitter founder Jack Dorsey's payment firm Block shared more details about its previously announced wallet, focusing on the plans for combining safety and ease of use/access in order to create a broader and less ‘hesitant’ customer base....
Read More: Block Bitcoin Wallet Team Reveals Their Plans...
US IRS Comes After Clients of Another Crypto Exchange
11.8.2022
In a tax-related effort, the US Internal Revenue Service (IRS) is asking permission to look into the customers of crypto prime dealer SFOX Inc. and its partner.
The service responsible for collecting taxes is seeking to do just that – collect taxes, but this time it’s searching to identify...
Crypto Exchanges Hotbit and Bitfinex Face Regulatory Headwinds
11.8.2022
China-based crypto exchange Hotbit has suspended withdrawals after its assets were frozen due to an ongoing investigation. Meanwhile, Tether's sister company Bitfinex is ostensibly facing legal investigation in the US.
Hotbit announced Wednesday that it has suspended trading, deposit, withdrawal...
Bitcoin and Ethereum Keep Inching Higher, CEL Doubles in a Week
11.8.2022
Bitcoin price formed a strong base above USD 22,650 and rallied on US inflation news yesterday. BTC is now (03:59 UTC) trading near the USD 24,400 level and is up over 6% in a day and almost 7% in a week.
Similarly, most major altcoins are eyeing more upsides. ETH rallied over 12% and surpassed...
Chinese Web Censor Resolves to Keep Cracking Down on Crypto After Closing 12K Social Media Accounts
11.8.2022
China’s internet censor has struck again – and says it will continue to carry out a national crypto crackdown after closing thousands of crypto-related social media accounts and ordering the deletion of tens of thousands of crypto-themed posts....
Read More: Chinese Web Censor Resolves to Keep...
US Inflation Slows Down in July, Bitcoin and Ethereum Jump
10.8.2022
July’s US consumer price index (CPI) has seen a rise of 8.5%, or smaller than expected, suggesting an inflation peak and potential cool-off, after hitting 9.1% in June. (This is a developing story and will be updated as new details emerge.)
Bloomberg-surveyed economists estimated that inflation...
Another Rough Quarter Awaits in Q3, Coinbase Warns After Bruising Financial Results
10.8.2022
The crypto exchange giant Coinbase is putting a positive spin on another quarter of sub-par results – and its CEO Brian Armstrong has stated that “across price cycles,” the exchange is still trending upward. But the firm appears braced for another rocky ride in the coming third quarter of FY2022....
Crypto Turmoil Latest: Nuri Files for Insolvency while CoinFlex Files for Restructuring
10.8.2022
The crypto winter continues to claim victims, with German crypto exchange Nuri and Africa-based CoinFlex being the latest to make moves.
Nuri GmbH, one of Germany’s largest crypto exchanges, has filed for insolvency with a Berlin court, the company said in an announcement on Tuesday....
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Bitcoin and Ethereum Gain Bearish Momentum, Altcoins Slide
10.8.2022
Bitcoin price started another decline below the USD 23,500 support zone and moved below the USD 23,000 level. It is currently (04:03 UTC) trading near USD 22,900 and is down over 4% in a day and almost 1% in a week.
Similarly, most major altcoins are gaining bearish momentum. ETH is down 6%...
Galaxy Digital’s Novogratz Doubts Bitcoin Will Pass USD 30,000 Barrier Soon
9.8.2022
Mike Novogratz, CEO of digital asset-focused financial services firm Galaxy Digital, is doubtful that bitcoin (BTC) will push through the USD 30,000 barrier anytime soon. The investor said he expects the world’s leading coin to move within its latest price range, given that lately, there have...
Bitcoin and Ethereum Consolidate, ZEC and CEL Rally
9.8.2022
Bitcoin price was able to briefly move above the USD 24,000 resistance level before trimming its gains. BTC is currently (04:01 UTC) trading near USD 23,800 and still up over 2% in a day and a week.
Similarly, most major altcoins are trading in a range and eyeing more gains. ETH could gain pace...
Bitcoin, Surf & My Crackdown on Gangs Bringing More Tourists than Ever to El Salvador, Says Bukele
9.8.2022
International tourism is on the increase in El Salvador. And the country’s leader, President Nayib Bukele, says that his policies – including bitcoin (BTC) adoption – are the chief reasons why more holiday-goers are choosing to visit the Central American nation....
Read More: Bitcoin, Surf &...
Bollywood-like Drama Erupts as CZ Moves to Distance Binance from India’s WazirX Exchange
8.8.2022
A bitter dispute about the ownership of WazirX, an Indian crypto exchange that is being probed by the nation’s law enforcers over suspected money laundering allegations, has descended into a Twitter-based face-off between the Binance CEO Changpeng “CZ” Zhao and the WazirX Founder Nischal Shetty....
Big Week for Voyager Digital Clients as Cash Withdrawals About to Begin
8.8.2022
Troubled crypto lender Voyager Digital said it plans to "restore access" to cash deposits in USD this week. Here's what the process might look like.
In a Friday blog post, Voyager said clients with cash in their accounts would be able to withdraw up to USD 100,000 in a 24-hour period starting...
Bitcoin and Ethereum Inch Higher, BNB and SOL Outperform, FLOW Rallies
8.8.2022
Bitcoin price is facing a strong resistance near the USD 23,500 level. It is currently (03:51 UTC) trading near USD 23,300 and is up over 1% in a day and is unchanged in a week.
Similarly, most major altcoins are attempting a fresh increase. ETH moved above USD 1,700 and might accelerate if...
Japanese Crypto Industry Urges Tokyo to Reform Tax Laws
6.8.2022
Japanese cryptoasset-related firms have urged the government to make tax reforms – claiming that the current system is out of sync with tax rules in other countries.
The proposals come from the Japan Cryptoasset Business Association (JCBA) and the Japan Virtual Currency Exchange Association...
WazirX in Hot Waters, Revolut Doubles Down on Crypto, Elizabeth Warren Picks Another Crypto Battle + More news
5.8.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. __________...
Read More: WazirX in Hot Waters, Revolut Doubles Down on Crypto, Elizabeth Warren Picks Another Crypto Battle + More news
Global Professionals Increasingly Interested In Bitcoin & Crypto Payments - Report
5.8.2022
The ongoing market downturn has not discouraged professionals from taking payment in cryptoassets, as indicated by the latest report released by global payroll specialist Deel.
In the first half of 2022, crypto payments represented 5% of wages collected by cross-border professionals, up from...