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Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges
18.7.2021
Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will...
Jackson, Tennessee Mayor Praises Bitcoin’s Benefits Against Inflation, Aims to Create a BTC Hub
18.7.2021
Jackson, Tennessee’s mayor is a fan of bitcoin and he wants the city to become a bitcoin hub in order to entice technology companies and innovation. Jackson’s mayor Scott Conger is in the midst of discussing creating legislation that allows Jackson residents to pay property taxes with...
$31.5K Bitcoin price on track for lowest weekly close of 2021
18.7.2021
Performance remains grimly sideways on the day of the largest GBTC unlocking event
The Next Skate Game Won't Be At EA Play 2021
18.7.2021
EA announced today that the next Skate game, which is currently in development, won’t be shown during EA Play 2021 on July 22. It’s another game to add to the growing list of “Stuff That Won’t Be At EA Play 2021.”Read more
IMF, World Bank, BIS Recommend Countries Work Together on CBDCs to Enhance Cross-Border Payments
18.7.2021
The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. Their report to the G20 states that enhanced cross-border payments “can...
Analyst: ‘Bitcoin Correction Very Similar to 2013 — BTC May Remain Stuck at $30K for a While’
18.7.2021
The analytics provider Ecoinometrics has published a tweetstorm that shows the current downward spiral from bitcoin’s all-time high is one of “the longest drawdowns bitcoin has had to deal with during a post-halving bull market.” Furthermore, the same day, analyst and economist...
These Are the Crypto Economy’s 5 Most Expensive Assets per Unit
18.7.2021
On July 18, the most valuable cryptocurrency in terms of dollars per unit, is bitcoin which is currently trading for $31,693. Besides all the wrapped bitcoins and synthetic bitcoin pegs, the second-highest valued crypto-asset per unit is yearn finance and maker follows behind. Removing the market...
Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin
18.7.2021
According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin. Some Say the Colón-Dollar...
Ukraine’s ‘Largest Illegal’ Mining Facility May Have Been a FIFA Bot Farm
18.7.2021
A data center busted by Ukrainian law enforcement this month for suspected electricity theft may have had a purpose different from mining cryptocurrencies. Ukraine’s security service described the facility as the “largest underground crypto farm” found to date but media reports...
Dolce & Gabbana to Launch High Fashion-Inspired NFT Collection in Venice
18.7.2021
This week the Italian luxury fashion house founded in 1985 in Legnano by Italian designers Domenico Dolce and Stefano Gabbana has announced the firm is launching a non-fungible token (NFT) collection. Dolce & Gabbana also known as D&G will reveal the first-ever Alta Moda NFT collection...
Bank of England’s Deputy Governor: Cryptocurrencies Aren’t Big Enough to Pose Financial Stability Risk
18.7.2021
Bank of England Deputy Governor Jon Cunliffe believes that cryptocurrencies are not big enough to pose financial stability risk. “They’re not of the size that they would cause financial stability risk, and they’re not connected deeply into the standing financial system,”...
Billionaire Fund Manager Jeffrey Gundlach Convinced Bitcoin Will Fall Below $23K, US Dollar Is ‘Doomed’
18.7.2021
Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has predicted that the price of bitcoin will fall below the $23K level. “Right now, the chart on bitcoin looks pretty scary,” he said, adding that “it looks like a massive head-and-shoulders...
Hong Kong Regulator Warns About Unregulated Cryptocurrency Trading Platforms and Binance
18.7.2021
Hong Kong’s Securities and Futures Commission (SFC) has issued a warning about unregulated cryptocurrency trading platforms, particularly Binance. The regulator said that the crypto exchange is offering the trading of “stock tokens.” The SFC issued a statement Friday warning...
Busking for Bitcoin: Report Finds Street Performers Depend on Digital Payments
17.7.2021
Street performers, or buskers, are leaning more toward digital platforms these days compared to the old method of accepting loose change. A report recently published by economists at RMIT University in Melbourne, Australia has found that in certain areas, buskers get more donations via digital...
SEC delays another ETF decision, Binance news, and more sideways BTC price action: Hodler’s Digest, July 11–17
17.7.2021
Binance Quits Stock Token Trading as Hong Kong Adds to Mounting Regulatory Pressure
17.7.2021
Cryptocurrency exchange Binance has announced it will no longer support the trading of stock tokens. The decision comes against the backdrop of an ongoing regulatory crackdown, with Hong Kong becoming the latest to declare that the platform is not licensed to provide such services in...
Dogecoin’s Downward Slide: 2-Month Stats Show Meme-Based Crypto Is Down 76%
17.7.2021
The infamous meme-based crypto asset dogecoin has had an incredible 12 months, rising more than 5,578% against the U.S. dollar. Dogecoin also ignited significant demand for a number of canine-themed cryptocurrencies this year as billions of dollars have funneled into these meme-coin economies....
US Treasury Secretary Yellen Outlines Plans to Regulate Stablecoins in Collaboration With the Fed, SEC, CFTC
17.7.2021
U.S. Treasury Secretary Janet Yellen will convene a meeting with the Biden administration’s working group on financial markets to discuss stablecoin regulation. “In light of the rapid growth in digital assets, it is important for the agencies to collaborate on the regulation of this...
Youtube Superstar KSI ‘JJ’ Says He Made Then Lost Millions Investing in Bitcoin
17.7.2021
Youtube superstar and rapper KSI, also known as JJ, has shared that he made millions of pounds investing in bitcoin and “lost it all” when the market “crashed.” Nonetheless, he still believes that bitcoin is the future and “eventually you’re going to get...
DeNations Hosts NFT Art Exhibition, Celebrating Genesis Block of the DeNations Art Chain
17.7.2021
PRESS RELEASE. Defi and blockchain-powered Metaverse, DeNations launches NFT art minting platform, giving away free yield-bearing NFT art to NFT art collectors DeNations is a blockchain-powered metaverse platform based in Hong Kong that everyone can own nations, build cities/civilizations, and earn...