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No, Ukrainian Prosecutors Didn’t Just Seize 830kg of Silver from an OTC Crypto Gang – Here’s What Happened
14.7.2022
Reports that prosecutors in the Darnytskyi District of Kyiv, Ukraine, have recently busted a gang of over-the-counter (OTC) crypto brokers – who allowed individuals in Russia and areas under Russian control to swap silver, cash, and land for cryptoassets – appear to be somewhat wide of...
Bitcoin fights key trendline near $20K as US dollar index hits new 20-year high
14.7.2022
Nothing can keep the U.S. dollar index (DXY) down this year, and concerns over its impact on assets beyond crypto are spreading
Kazakhstan to Increase Bitcoin Mining Tax Rates from 2023
14.7.2022
Kazakhstan’s President Kassym-Jomart Tokayev has approved new tax rates for crypto miners – and tax bodies have been instructed to charge miners at a rate of up to USD 0.052 per kilowatt hour (kWh) as of January 1, 2023.
Currently, miners have to pay a flat rate of just over USD 0.002 per...
Why Migrants Are Turning to Crypto: The Key to Attaining the UN Goal to Reduce Remittance Costs to Less Than 3% by 2030
14.7.2022
The cost incurred by African migrants or expatriates when sending funds via the so-called formal corridors remains way above the UN target of less than three percent, the latest data from the World Bank has shown. On the other hand, the cost is much lower than the target when cryptocurrencies...
Bank of Russia Says Stablecoins Are Not Suitable for Settlements
14.7.2022
The Central Bank of Russia has spoken out against stablecoins, which it says are highly risky and not fit for payments. The monetary authority reacted to a statement by a top finance ministry official who suggested that his department would support the development of Russian stablecoins....
Hyosung America makes Bitcoin purchasing app available to 175,000 ATMs
14.7.2022
It will be up to the specific ATM operator to decide whether they want to incorporate the service making it unlikely all 175,000 of Hyosung’s ATMs will actually support BTC buying
Study: 14% of Saudis Are Crypto Investors, 76% Have Less Than One Year of Experience in Cryptocurrency Investment
14.7.2022
About 14% of Saudi residents are either current crypto investors or have traded crypto in the past six months, the latest Kucoin study has found. The study has also found that 76% of investors have less than one year of experience and thus may be in need of relevant crypto education. Crypto Winter...
Bitcoin Back Above USD 20K, Ethereum Recovers, MATIC Surges
14.7.2022
After bitcoin price extended losses and traded below the USD 19,200 level yesterday, BTC remained supported near the USD 19,000 zone and managed to get back above USD 20,000. It is currently (04:17 UTC) trading near USD 20,200 and is up almost 4% in a day and still down less than 2% in a week....
State-Owned Swiss Bank Postfinance to Offer Clients Direct Access to Crypto Market
14.7.2022
Swiss post office’s banking unit, the state-owned Postfinance, is reportedly preparing to enter the crypto market. “Our clients want direct access to this market through their house bank.” Swiss Post Office’s Banking Arm to Enter Crypto Market The banking and financial...
EU Regulator Warns About Crypto — Questions Whether Many Will Survive
14.7.2022
European Securities and Markets Authority (ESMA) Chair Verena Ross says that the crypto market crash should be a “cautionary lesson” for investors. She noted that there is a “real question” about whether many crypto assets will survive. ESMA Chair on Crypto Risks...
Adshares Establishes Premium Partnership With Sandbox
14.7.2022
PRESS RELEASE. Adshares (ADS) is putting another stake in Metaverse’s advertising territory through a partnership with Sandbox (SAND). The long-awaited partnership by the Adshares community has finally come to a head. The official partnership will bring the two projects closer, in order...
Finder’s Bitcoin Prediction Report Expects BTC to Bottom at $13,676 and End the Year at $25,473
14.7.2022
According to the latest crypto prediction report published by the product comparison platform finder.com, 77% of 53 fintech specialists polled in the report say cryptocurrency markets are officially in a “crypto winter.” The poll further explains that only 29% of the report’s...
Market Wrap: Bitcoin Snaps Five-Day Losing Streak; Even Traders See More Hawkish Fed
13.7.2022
BTC fell 4.5% minutes after the U.S. consumer price index showed June inflation rising to 9.1% but has since recovered
Euro Reaches Parity Against the US Dollar, While the USD Index Taps a 20-Year High
13.7.2022
Eight days ago, the euro tapped a record low against the U.S. dollar as it hit $1.028 per unit against the USD last Tuesday. This week, the official currency for 19 of the European Union’s member states reached parity against the U.S. dollar for the first time in 20 years. Euro Hits Parity...
Stablecoin Active Addresses Hit New High After Terra Collapse While Bitcoin and Ethereum Addresses Drop
13.7.2022
Following the collapse of Terra and the subsequent crypto crash, stablecoin active addresses surged to a new all-time high. Meanwhile, bitcoin (BTC) and ethereum (ETH) active addresses have plunged drastically during this period.
According to a recent report by crypto intelligence firm Coin...
How Bitcoin’s strong correlation to stocks could trigger a drop to $8,000
13.7.2022
The absence of a CME Bitcoin futures premium, unrelenting record-high inflation and investor concerns over the economy are all factors weighing on BTC price
Price analysis 7/13: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO
13.7.2022
Bitcoin price saw a brief pull-back following today’s high inflation print, but the rebound seen in BTC and altcoins suggests that buyers are buying the dip
US Inflation Remains Scorching Hot, Jumping to 9.1% in June — White House Says CPI Data Is Already ‘Out-of-Date’
13.7.2022
According to the latest Bureau of Labor Statistics Consumer Price Index (CPI) report, U.S. inflation remains scorching hot as it has risen at the fastest yearly rate since 1981. June’s CPI data reflected a 9.1% year-over-year increase, even though a number of bureaucrats and economists...
Why Alex Tapscott quit his high-paying job to write a book about Bitcoin
13.7.2022
A report that argued for decentralized models to help scale Bitcoin eventually became the basis for the book proposal
3 reasons why Bitcoin is struggling to flip $20K to support
13.7.2022
BTC continues to sell-off, but analysts say investor sentiment could reverse when inflation peaks or traders feel that the situation with insolvent DeFi platforms is resolved