Search
Some Central Bankers Show Interest in Bitcoin; Inflation Fears Mount
7.7.2021
A survey of 30 central banks brought somewhat surprising results as some bankers showed signs of openness to cryptoassets such as bitcoin (BTC). Also, central bankers are becoming more concerned about inflation.
First, 14% of the respondents said that central bank digital currencies (CBDCs) would...
Spanish Congress Passes Antifraud Law: Users Will Have to Disclose Crypto Holdings Inside and Outside Spain
7.7.2021
The Spanish Congress has approved the antifraud law that was amended last month by the senate. Spanish citizens must now inform about their crypto holdings even outside the country. The new law further establishes severe fines for citizens who fail to share this information with authorities....
Iran pauses electricity exports due to crypto mining and hot summer
7.7.2021
Discounted tariffs made Iran attractive to miners, now the country is having a hard time closing the gap between the production and consumption of electricity
Report: Fintech’s Growing Popularity a Threat to Profitability of Nigerian Banks
7.7.2021
Financial technology companies (fintechs) are now among the biggest threats to the overall profitability of Nigerian banks, analysts from the country’s Coronation Merchant Bank (CMB) have warned. The Efficiency of Fintech As a report carried by local media explains, this threat from fintech...
Bitcoin miner revenue jumps by 50% in 4 days since record difficulty drop
7.7.2021
It's a tale of two Bitcoins as active miners reap the benefits while others remain completely offline
Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy
7.7.2021
The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant...
BlockFi starts shipping Visa-backed Bitcoin rewards credit cards
7.7.2021
Cardholders will earn a percentage back in Bitcoin instead of airline miles or other cashback rewards
Ukraine’s Monobank to Allow Customers to Trade Bitcoin
7.7.2021
Monobank, a mobile bank operating in Ukraine, has announced new products and services that will allow users to trade cryptocurrencies and stocks. One of the offerings includes a bitcoin card which the online banking platform is going to launch as early as this month. Monobank to Offer Users Bitcoin...
Sygnum Bank Launches ETH 2.0 Staking – Business Unit Head Says ‘Staking Is a Core Element for Portfolios’
7.7.2021
The Switzerland-based bank Sygnum revealed on Tuesday that the firm now allows Ethereum 2.0 staking. The FINMA-approved company’s customers can access the Ethereum-based staking services via Sygnum’s banking platform. Sygnum’s Banking Platform Offers Ethereum 2.0 Staking Last...
Bitcoin and Ethereum Inch Higher, BNB Outperforms
7.7.2021
Bitcoin price remained well bid above the USD 33,200 and USD 33,500 support levels. BTC seems to be forming a base and it could aim for a larger increase above USD 35,000. It is currently (04:34 UTC) stuck in a range, with key hurdles near USD 35,000 and USD 35,500.
Also, most major altcoins...
China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning
7.7.2021
The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising … and other services...
Pundits say Bitcoin’s brutal quarter could see Tesla report up to a $100M loss for Q2
7.7.2021
Analysts believe reporting requirements may compel Tesla to announce a paper-drawdown of between $25 million and $100 million on its $1.5 billion Bitcoin bet
Goldman Sachs: Ethereum's popularity could see ETH become dominant store of value
7.7.2021
Goldman Sachs says the popularity of Ethereum's smart contracts means it could overtake Bitcoin as the number one crypto by market cap soon
Crypto Exchange Binance Suspends Euro Deposits via SEPA Bank Transfers
7.7.2021
Troubles at cryptocurrency exchange Binance continue as the platform is now reportedly suspending euro deposits via SEPA bank transfers. Binance says the suspension is temporary and it is due to events beyond its control. Binance’s Troubles Extend to SEPA Transfers Binance users reported...
Allied Payment Network Embeds Bitcoin Service, Will Hold BTC in Corporate Treasury
7.7.2021
Payment service provider Allied Payment Network has partnered with New York Digital Investment Group, the bitcoin subsidiary of $10 billion asset manager Stone Ridge. Financial institutions using Allied’s platform will be able to offer their customers the option to buy, sell, and hold...
Financial Watchdog FinCEN Recruits First-Ever Chief Digital Currency Advisor
7.7.2021
Following the Financial Crimes Enforcement Network (FinCEN) explaining the misuse of cryptocurrencies is a national priority last week, the bureau announced on Tuesday it hired its first-ever chief digital currency advisor. FinCEN’s acting director Michael Mosier detailed that Michele Korver...
Bitcoin Taproot Support Lags at 27% — Even Though Soft Fork Is Opt-in Supporters Beg Nodes to Update
6.7.2021
On June 12, the crypto community celebrated the fact that the Bitcoin network locked in Taproot support in order to activate the largest upgrade the protocol has seen in four years. 24 days later, Taproot support via Bitcoin nodes has only reached 27.55% and upgrade supporters are pleading with...
STASIS and Free TON DeFi Alliance Partners to Boost the Development of Free TON DeFi Ecosystem
6.7.2021
Free TON, a decentralized proof of stake blockchain powered by its community and STASIS, a EU compliant EURS stablecoin project, partnered to make DeFi more functional and affordable for everyone. The STASIS team will be deploying their protocol to the Free TON ecosystem, so that their stablecoin...
Licensed Iranian crypto miners ordered to halt production 'altogether'
6.7.2021
Even Iran's Minister of Labor has reported electrical disruptions to his home as crypto miners continue to exert demand on the country's power grid
Despite the Crackdown, Crypto Fraudsters Still Run Amok in China
6.7.2021
Against all odds, crypto fraud is reportedly on the rise in China, where a massive crackdown on mining, trading and crypto brokerage services appears to have failed to deter those hoping to get rich quick from crypto-themed schemes.
Per the 21st Century Business Herald, a woman this month fell...