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US Treasury Secretary: 'I Was Wrong About Inflation' in 2021
1.6.2022
As America’s inflation rate remains at a level unreported since the 1980s, decreasing the population’s purchasing power, the US Treasury Secretary Janet Yellen has admitted to being wrong about "the path inflation would take."
In reference to 2021 and her actions that year, the Secretary said...
Group of Tech Pros, Academics Urges Washington to Turn its Back on Crypto Lobbyists
1.6.2022
A collective comprising 26 IT experts and professionals has slammed crypto, accusing blockchain and crypto of “not being decentralized” – and has petitioned United States politicians to crack down on the sector and its lobbyists....
Read More: Group of Tech Pros, Academics Urges Washington...
Russian Central Bank Prepared to Make Some Concessions on Crypto Regulation
1.6.2022
Russia’s staunchly crypto-skeptic Central Bank has indicated that it is prepared to soften its stance on crypto somewhat in order to allow a key piece of legislation to pass – but still favors a block on all domestic crypto-related activity....
Read More: Russian Central Bank Prepared to Make...
Bitcoin and Ethereum Consolidate Gains, AXS and WAVES Dive
1.6.2022
Bitcoin price made another attempt to clear the USD 32,200 resistance zone and spiked to USD 32,400 where the bears emerged. It is currently (04:09 UTC) trading near USD 31,600 and is almost unchanged in a day and up 7% in a week.
Similarly, most major altcoins are also moving lower....
Luxury Apartment Complex in Argentina to Feature a Bitcoin Mining Facility for Residents
31.5.2022
A new luxury apartment complex in the upscale neighborhood of Belgrano in Buenos Aires, Argentina, will become the first of its kind to feature a Bitcoin (BTC) mining facility – to help its residents “get paid to live” in their apartments.
Per the media outlet La Nacion, as well as Interesting...
Bitcoin Miners Under 'Stress', Euro's Purchasing Power Wanes, Fidelity Beyond BTC + More News
31.5.2022
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: Bitcoin Miners Under 'Stress', Euro's Purchasing Power Wanes, Fidelity Beyond BTC + More News
Latin American Investors ‘Hoping to Ride Crypto Prices to the Moon’ as Adoption Set to Continue
31.5.2022
A report on the state of crypto in the Latin America region has concluded that adoption is likely to continue apace for the rest of the year – and will find fertile ground for growth in the world of cross-border payments and “crypto credit cards.”
The report was issued by Americas Market...
Bitcoin Nears USD 32K, Ethereum Tests USD 2K, ADA Rallies, WAVES Doubles
31.5.2022
Bitcoin price gained bullish momentum after a clear break above USD 30,500 and even cleared USD 32,000. It is currently (04:08 UTC) consolidating gains near USD 31,800 and is up almost 5% in a day and 9% in a week.
Similarly, most major altcoins gained bullish momentum. ETH broke the USD 1,920...
Japan’s Prime Minister Reportedly Open to Idea of Crypto Tax Reform
31.5.2022
The Japanese Prime Minister Fumio Kishida has indicated that he may be open to reforming the nation’s much-maligned crypto tax laws in a bid to spark Web3-related growth....
Read More: Japan’s Prime Minister Reportedly Open to Idea of Crypto Tax Reform
10 Brazilian Business Giants That Have Taken the Bitcoin, Crypto Plunge
30.5.2022
Crypto adoption is on the march in Brazil – where the government has all but incentivized mining by waiving tax duty on mining rig imports.
And after a major property developer revealed that it will begin accepting bitcoin (BTC) pay for new apartments (see below), the Brazilian media outlet...
German Inflation Rate Jumps, Kazakhstan Mulls Higher Tax for Bitcoin Miners, Binance in Italy + More News
30.5.2022
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: German Inflation Rate Jumps, Kazakhstan Mulls Higher Tax for Bitcoin Miners, Binance in Italy + More News
Bitcoin Funds See Weekly Inflows as Analysts Debate ‘Bounce’
30.5.2022
Investment funds backed by bitcoin (BTC) and crypto once again saw inflows last week, as BTC extended a now 9-week-long losing streak. At the same time, some analysts are turning positive on the near-term outlook for bitcoin in particular, predicting a “bounce” to the upside in June.
According...
Bitcoin Mining Gathers Support in Russia as More Details Emerge on International Crypto Payments
30.5.2022
Bitcoin (BTC) and crypto miners in Russia are using more energy than the nation’s agricultural sector, says the Ministry of Industry and Trade – while MPs are set to vote on a bill that would allow international traders to pay for goods in crypto or accept payments made in cryptoassets.
Per...
Gnox.io Stands Its Ground While Bitcoin May Record Bounce Back Soon
30.5.2022
May has been a brutal month for the cryptocurrency asset class. From a macroeconomic perspective, the drop in Bitcoin’s (BTC) price is no real surprise. An overheated economy powered by cheap money shows clear signs of a much-needed reset. The S&P 500 and the Nasdaq Composite have posted...
MoneyGram to Support Transfers via Stablecoins, CEO Says Crypto is 'Obviously Here to Stay'
30.5.2022
Major money transfer company MoneyGram aims to launch a new service that would enable users to transfer money overseas via stablecoins.
The initiative comes in partnership with the Stellar (XLM) blockchain, a decentralized protocol specializing in cross-border transactions, and it would enable...
Bitcoin and Ethereum Move Higher, Altcoins Accelerate
30.5.2022
Bitcoin price remained well bid above the USD 28,500 support zone, formed a base, and started a fresh increase above the USD 29,200 resistance. It is currently (04:06 UTC) showing positive signs near USD 30,360 and is up almost 5% in a day and is unchanged in a week....
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As inflation ‘Mellows Out’, a Bottom in Crypto is Likely in ‘The Back Half of 2022’ – VC Investor
27.5.2022
Inflation could start to “mellow out” towards the end of the year, giving the crypto market a chance to form a bottom later in 2022, Chris Burniske, a partner at the crypto-focused venture capital firm Placeholder Ventures, has predicted....
Read More: As inflation ‘Mellows Out’, a Bottom...
PM Says Web 3 Is an Opportunity for Japanese ‘Economic Growth’
27.5.2022
The Japanese Prime Minister has spoken to the nation’s parliament about Web 3, claiming that it will spark economic growth – a further indication that pro-business legal reform could be on the cards in the nation.
The Japanese media outlet CoinPost reported that the PM, Fumio Kishida, made...
Bitcoin and Ethereum at Risk of More Losses, Altcoins May Extend Declines
27.5.2022
Bitcoin price recovered above the USD 28,500 zone. BTC attempted an upside break but struggled above USD 29,000. It is currently (11:50 UTC) struggling and might continue to move down towards the USD 27,500 level.
Besides, most major altcoins are showing bearish signs. ETH settled below...
Decoupling of Crypto and Stocks 'Driven by Fund Redemptions', 'Should Cease' as Stock Markets Close
27.5.2022
After much talk in recent years about an increasing correlation between stocks and bitcoin (BTC), a ‘decoupling’ between the two has been observed in May, as BTC has fallen significantly more than stocks. But according to an observer, bitcoin could find support as soon as the stock market closes...