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Revolutionary Ecosystem Developed by Synapse Network Opens up Cross-Chain Investment Opportunities
8.7.2021
Synapse Network is developing the first cross-chain investment ecosystem based on blockchain technology. It will offer five cross-chain products for the cryptocurrency sector, including a DEX and DeFi marketplace, saving a lot of time and effort to everyone frustrated with the current fractured...
Bitcoin and Ethereum Extend Losses, Altcoins Dive
8.7.2021
Bitcoin price started a fresh decline below the USD 33,500 support level. BTC even traded below the USD 33,000 level and it tested USD 32,200. The price is now (12:17 PM UTC) trying to recover above the USD 33,500 level.
Similarly, most major altcoins were gaining bearish momentum. ETH declined...
Crypto usage in Turkey jumped by elevenfold in a year, new survey shows
8.7.2021
A new survey conducted in Turkey reveals how the perception of cryptocurrencies evolved over the last year
Argentine Lawmaker Presents Bill Enabling Workers to Receive Salary in Cryptocurrency
8.7.2021
A bill has been introduced in Argentina to allow workers to receive their salaries in cryptocurrency. He explained the idea is that workers “can strengthen their autonomy and conserve the purchasing power of their remuneration.” Argentina’s national deputy for the Mendoza...
Bitcoin price will likely shrug off $530M GBTC unlock in July — analysis
8.7.2021
New research questions the gravity of the upcoming unlocking events at the Grayscale Bitcoin Trust, pointing to bigger potential price threats later in 2021
Chinese Crypto Ban Could Be Long-Term Good For Bitcoin - BitGo CEO
8.7.2021
Mike Belshe, Co-founder and CEO of BitGo. Source: a video screenshot, Youtube/Bloomberg
Mike Belshe, CEO and Co-Founder of digital asset financial services company BitGo, claims that a recent clampdown on crypto in China could be a good thing for Bitcoin (BTC) in the long-term.
“Over the last...
South Africa Regulator Wants Mirror Trading International to Pay Millions as Penalty For Contravening Financial Sector Law
8.7.2021
A South African regulator, the Financial Sector Conduct Authority (FSCA), has informed key figures behind Mirror Trading International (MTI) that it intends to impose a fine of $7 million against the now-defunct crypto investment company. Contravention of Financial Sector Law According to a July...
SEC Readies to Settle with BitConnect Promoters - Judge
8.7.2021
The US Securities and Exchange Commission (SEC) is expected to settle with the promotors of the infamous BitConnect exchange who had helped the platform raise more than USD 2bn through their YouTube videos.
US Judge John G. Koeltl has announced he would likely sign off in the coming days...
Bitcoin Mining Profitability Jumps, Hashrate Starts Picking Up Too
8.7.2021
In the midst of China's crackdown on its miners, and following a historic drop in mining difficulty, Bitcoin (BTC) miners are now seeing much higher profitability. Also, there's a noticeable rise in hashrate and a drop in block time.
Bitcoin mining profitability (7-day moving average) jumped...
Anthony Hopkins’ New Thriller ‘Zero Contact’ to Premiere on NFT Platform
8.7.2021
Award-winning movie star Anthony Hopkins’ new film called Zero Contact is set to launch on a new non-fungible token (NFT) platform this summer. The feature-length movie was produced entirely virtually during the 2020 global pandemic. Anthony Hopkins Stars in Movie Launching as NFT A...
Bitcoin price dips below crucial $33K support as Bitfinex whales shorts with over 5,000 BTC
8.7.2021
Short selling pressure returns to the market with a trader eyeing a retest of $31,000 as a result of support weakness
Chinese Central Bank Opts For Usual CBDC Rhetoric In Bashing Bitcoin, Stablecoins
8.7.2021
Source: Adobe/Prostock-studio
Similarly to other central banks, China’s central bank has taken another swipe at bitcoin (BTC), stablecoins and “private digital currencies” – claiming that they have inherent potential “risks that threaten financial security.”
At a recent press conference, Fan Yifei...
Meitu loses $17.3M on Bitcoin, gains $14.7M on Ether
8.7.2021
Meitu has reported losses of $17.3 million on its Bitcoin holdings, with its Ether investment having gained $14.7 million despite the recent crypto downturn
Russia Drafting Law on Confiscation of Crypto Assets
8.7.2021
Russian Prosecutor General Igor Krasnov has revealed that legislative amendments are being prepared on the confiscation of crypto assets. “A serious challenge is the criminal use of cryptocurrencies in our country,” he said. Russia is preparing amendments to the current legislation...
Crypto Wallet Recovery Service KeychainX Can Save Your Bitcoin
8.7.2021
Whenever the prices of digital assets skyrocket, social media gets flooded with stories of people that could be millionaires now but forgot the keys to wallets they opened a few years before. But if this happened to you, don’t lose hope, cryptocurrency wallet recovery service KeychainX...
Bitcoin and Ethereum Stuck In Range, Major Altcoins Struggle
8.7.2021
Bitcoin price failed to surpass the USD 35,000 resistance and it started a fresh decline. BTC broke the USD 34,000 support zone. It is currently (04:29 UTC) trading below USD 33,500 and there is a risk of more downsides.
Besides, most major altcoins are also showing a few bearish signs. ETH failed...
New Zealand's Reserve Bank consulting public on a potential CBDC
8.7.2021
The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins
US Congressman Declares Investments in Dogecoin, Ethereum, Cardano
8.7.2021
A U.S. congressman, Barry Moore, has declared his recent cryptocurrency purchases. He bought dogecoin, cardano, and ether. U.S. Representative Barry Moore from Alabama filed a Periodic Transaction Report (PTR) last week declaring his recent cryptocurrency purchases. According to the filing,...
Goldman Sachs Sees More Potential in Ether Than Bitcoin
8.7.2021
Global investment bank Goldman Sachs says ether is the cryptocurrency with the highest real use potential and it could overtake bitcoin as the dominant digital store of value. Ether Could Overtake Bitcoin as Dominant Store of Value, Says Goldman Sachs Goldman Sachs shared its view on the future...
82% of Institutional Investors Plan to Increase Cryptocurrency Exposure: Survey
8.7.2021
A survey by Nickel Digital Asset Management shows that 82% of institutional investors and wealth managers are planning to increase their cryptocurrency exposure between now and 2023. The survey reportedly asked institutional investors and wealth managers from the U.S., U.K., France, Germany,...