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Basel Committee Warms Up to Bitcoin & Crypto With More Flexible Proposal
30.6.2022
After receiving criticism from industry players last year for being too conservative, a committee at the Bank for International Settlements (BIS), has proposed a cap on how much exposure traditional banks can have to cryptoassets “where there is no counterparty.”
According to a new consultation...
EU Institutions Reach Provision Agreement On Controversial 'Unhosted Wallets' Regulation
30.6.2022
The European Parliament and the Council of the European Union have reached a provisional agreement on the Transfer of Funds Regulation (TFR) that is to ensure crypto transfers can be traced and that transactions considered suspicious are blocked, potentially paving the way for tougher enforcement...
Bitcoin and Ethereum at Make-or-Break Levels, DOGE Outperforms
30.6.2022
Bitcoin price followed a bearish path below the USD 21,000 level. BTC extended losses and settled below the USD 20,500 level. It is currently (04:09 UTC) consolidating near USD 20,100 and is down 1% in a day and is almost unchanged in a week.
Similarly, most major altcoins are trading in a bearish...
Major Bitcoin ETF Legal Battle Begins as Grayscale Sues SEC
30.6.2022
One of the biggest bitcoin (BTC) and crypto investment companies, US-based Grayscale Investments, sued US Securities and Exchange Commission (SEC) after it rejected its application to convert the Grayscale Bitcoin Trust (GBTC), the world's largest BTC fund, to a spot exchange-trading fund...
Despite the Bear Market, a Salvadoran Wants to Build a USD 200M Power Plant to Mine Bitcoin
30.6.2022
A wealthy expat Salvadoran is set to fund a USD 200m solar-powered Bitcoin (BTC) mining facility – and appears to have the backing of the government.
Per ElSalvador.com, the website of the newspaper El Diario de Hoy, Milena Mayorga, El Salvador’s Ambassador to the United States, has spoken about...
We Now Understand How Little We Understand About Inflation – Fed’s Powell
29.6.2022
The current high levels of inflation in both the US and Europe have given central bankers an opportunity to “understand better how little we understand about inflation,” US Federal Reserve (Fed) chair Jerome Powell said.
Speaking at the European Central Bank’s (ECB) Forum on Central Banking...
FTX Denies It's Buying Robinhood, MakerDAO's USD 500M Vote, Dfinity Sues New York Times + More News
29.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: FTX Denies It's Buying Robinhood, MakerDAO's USD 500M Vote, Dfinity Sues New York Times + More News
MicroStrategy Is Back - Saylor Buys the Dip, Adds 480 Bitcoin for USD 10M
29.6.2022
Michael Saylor’s company MicroStrategy has taken advantage of the currently low bitcoin (BTC) price by adding another BTC 480 to its coffers.
The bitcoin purchase, worth around USD 10m, was made at an average price of USD 20,817 per coin, above the market price at the time of writing (12:20 UTC)...
Crypto Market Struggles as Bitcoin Tests USD 20K, Analysts Warn of Further Downside, 3AC Liquidation Reportedly Ordered
29.6.2022
The crypto market saw losses across the board on Wednesday as bitcoin (BTC) once again dipped below the USD 20,000 mark, and some analysts pointed to a risk of further downside.
On Wednesday at 10:30 UTC, BTC stood at USD 20,123, down by 4% for the past 24 hours and by 3% for the past week. At...
Bitcoin Nears USD 20K, Ethereum Keeps Trimming Weekly Gains, Most Altcoins in Red
29.6.2022
Bitcoin price failed to start a stronger increase above the USD 21,200 level, started another decline, and traded below USD 21,000. It is currently (04:07 UTC) trading near USD 20,300 and is down 2% in a day and a week.
Similarly, most major altcoins are showing signs of more losses. ETH...
Neobank K-Bank May Have to Postpone IPO Plan as Crypto Winter Bites
29.6.2022
An up-and-coming South Korean bank appears to be suffering from the crypto market’s volatility – and may have to shelve its initial public offering (IPO) plans if crypto winter continues.
Per ENews Today, K-Bank, the banking partner of the market-leading crypto exchange Upbit, is “experiencing...
Kazakh President Says Government Must Make ‘Favorable’ Conditions for Crypto Industry Development
28.6.2022
Kazakhstan’s President Kassym-Jomart Tokayev has told ministers to create “favorable conditions” for a new “digital” ecosystem that makes use of “cryptocurrencies and digital assets.”
Per Kaztag, which quoted the presidential press service, Tokayev was speaking at a financial sector summit held...
eBay's NFTs, Yield on Ledger, Axie Infinity's Ronin Bridge Reopens, Celebrity Crypto Scams + More News
28.6.2022
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Read More: eBay's NFTs, Yield on Ledger, Axie Infinity's Ronin Bridge Reopens, Celebrity Crypto Scams + More News
CBDCs ‘An Investment’ to Protect the Fiat System, Cash Will Disappear, Swedish Central Banker Says
28.6.2022
A central bank digital currency (CBDC) is “an investment” to protect the current fiat monetary system, according to a central banker from Sweden, who also argued that cash will soon be history....
Read More: CBDCs ‘An Investment’ to Protect the Fiat System, Cash Will Disappear, Swedish Central...
Bitcoin and Ethereum Trim Gains, XTZ and CHZ Accelerate
28.6.2022
Bitcoin price failed to extend gains above the USD 21,500 level and traded below USD 21,000. It is currently (04:12 UTC) trading near USD 20,700 and is down over 2% in a day and is almost unchanged in a week.
Similarly, most major altcoins are also moving lower. ETH traded below the USD 1,200...
G7 Inadvertently Makes the Case for Bitcoin with New Gold Move
27.6.2022
The Group of 7 (G7) countries are inadvertently making the case for Bitcoin (BTC), as gold’s shortcomings are becoming more obvious after a new move to ban imports of Russian gold.
The move to ban gold imports from Russia was announced by the US, UK, Japan, and Canada during the G-7 meeting...
Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + More News
27.6.2022
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: Three Arrows Default Notice, Grayscale Bitcoin Trust Ready for ETF, Goldman Sachs Bites Coinbase + More News
Bitcoin Funds See Largest Outflows on Record ‘By a Wide Margin’ – CoinShares
27.6.2022
Bitcoin (BTC) and crypto-backed investment funds saw outflows of USD 423m last week, marking the largest weekly outflows on record “by a wide margin,” data from the digital asset investment firm CoinShares shows.
Per the latest update from CoinShares, the large outflows were solely focused...
Bitcoin and Ethereum Consolidate, DOGE and STX Rally
27.6.2022
Bitcoin price remained supported above the USD 20,500 zone and BTC was able to climb above the USD 21,200 level, but it stayed below the USD 22,000 zone. It is currently (04:05 UTC) consolidating near USD 21,200 and is down over 1% in a day and up 3% in a week.
Similarly, most major altcoins...
Mastercard: 51% of Surveyed Consumers in Latin America & the Caribbean Have ‘Experienced’ Crypto
25.6.2022
Interest in crypto is piquing in Latin America and the Caribbean (LAC), where the payments giant Mastercard says over half of “consumers” have already had at least one encounter with crypto.
The firm said that it had spoken to “more than 35,000 people around the world” as part of its...