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Ren launches bridge to Polygon for seven top crypto assets
27.5.2021
The new bridge will allow Ren’s ERC-20 representations of BTC, BCH, DOGE, FIL, LUNA, ZEC, and DGB can now be transferred onto the Polygon network
Public Company TechX Technologies Is Making Significant Acquisitions in the Crypto Industry
27.5.2021
TechX Technologies is a publicly traded company headquartered in Vancouver, Canada. TechX is listed on the Canadian Securities Exchange (TECX), Frankfurt Exchange (C0B1), and the OTC (TECXF). TechX Acquires Mobilum for $16 Million TechX Technologies Inc. (CSE: TECX) (OTCMKTS: TECFX) (FRA: C0B1)...
Crypto couple tells court the IRS has no right to tax newly mined coins
27.5.2021
Coins earned by staking have been “created” and are not taxable until sold according to one couple in the U.S
Spain Based Custodial Services to Report Ownership of Crypto Assets, According to New Law Draft
27.5.2021
A new law draft approved just today by the Finance Commission of the Spanish Congress would make Spain-based custody services report the ownership of the cryptocurrencies under management. The law, which was stuck in Congress for some time, aims to close a gap in the legislation that allowed some...
Nvidia reports record earnings, claims it's 'hard to determine' impact of crypto miners
27.5.2021
Despite the surging crypto market rally, Nvidia believes its record first-quarter earnings are the result of high demand from the gaming industry
Billionaire Carl Icahn says he may drop up to $1.5B into crypto
27.5.2021
Billionaire Carl Icahn may invest up to $1.5 billion into crypto while noting that “much of the cryptocurrency issued today will not survive.”
Spanish Crypto Investors Set to Be Taxed on ‘Overseas’ Holdings
27.5.2021
The Spanish parliament has voted in favor of a controversial new law that will require citizens to report overseas crypto holdings, as the government appears ready to take “more control” over the crypto sector.
Per an official government release, the new law will oblige Spaniards “to report...
Guggenheim CIO Scott Minerd Predicts More Bitcoin Sell-Off but Remains Bullish Long Term
27.5.2021
The chief investment officer of Guggenheim, Scott Minerd, has predicted more sell-off for bitcoin. He also warned that it will take a while for the cryptocurrency to return to its previous highs. However, in the long term, Minerd has predicted that bitcoin’s price could rise to $600K. Bitcoin...
Federal Reserve Bank President Says Most Cryptocurrencies Are Worthless
27.5.2021
The president of the Federal Reserve Bank of St. Louis, James Bullard, says that most cryptocurrencies are “worthless.” He noted that if “cryptocurrency can facilitate transactions that are difficult to make in conventional currencies, then they will have a purpose and might...
Analyst says DeFi and stablecoins held up well as crypto markets imploded
27.5.2021
DeFi showed tremendous strength during last week’s sell-off as DEX activity and stablecoin stability prove the sector may be ready for mass adoption
Ontario Securities Commission Snuffs out Crypto Exchanges, Poloniex Targeted for Flouting Compliance
26.5.2021
The Ontario Securities Commission (OSC) published documentation on Tuesday that claims the Seychelles-based crypto exchange, Poloniex has failed to contact the OSC in order to start compliance discussions. Poloniex meets the OSC’s jurisdiction because the trading platform operates trading...
PayPal users will be able to withdraw crypto to external wallets
26.5.2021
Prior to Wednesday’s decision, PayPal users weren’t allowed to move their holdings off the platform
TechX acquires crypto-to-fiat gateway Mobilum for $13.2M
26.5.2021
Under the terms of the agreement, TechX will acquire a 100% stake in the digital wallet and payments technology company
Analyst Expects Bitcoin to ‘Grind Down’ to $15K, With a ‘Periodic Dead Cat Bounce’ Along the Way
26.5.2021
An analyst from the biotech consulting group Biotechvalley Insights believes after bitcoin lost 53% from the crypto asset’s all-time high, “the party is clearly over.” The biotech consulting group analyst thinks crypto investors will witness a slow “grind down the slope...
Coinbase leads $6M funding for Indonesian crypto exchange
26.5.2021
Pintu is a new cryptocurrency exchange in Indonesia, licensed as a crypto broker under Bappebti and the Ministry of Communication and Informatics
Biden Administration Looking to Increase Cryptocurrency Oversight to Protect Investors, Prevent Illicit Transactions
26.5.2021
The Biden administration is reportedly looking to increase oversight of the crypto market with the aim to protect investors and prevent illicit transactions. White House officials, lawmakers, and central bankers have had several meetings on cryptocurrency regulation amid recent price swings...
Carl Icahn Studies Crypto, Apple Has A Job For A Crypto Expert + More News
26.5.2021
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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"Much of the cryptocurrency issued today will not survive, but we believe cryptocurrency in one form or another might...
Apple seeks to hire 'alternative payments' manager with crypto experience
26.5.2021
"The Apple Wallets, Payments, and Commerce (WPC) team is seeking an experienced Business Development Manager to lead Alternative Payments Partnerships," the job post reads
Crypto.com Launches Major Step With BRL Bank Transfers and Brazilian Portuguese
26.5.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
‘For the pursuit of financial freedom,’ General Manager of Latin America Filomena Ruffa has remarked on the ‘exceptional growth in digital banking and innovative financial solutions in Brazil. Indeed, with...
Developing Economies & Better Educated People Lead Crypto 'Space Race'
26.5.2021
People in so-called developing economies are more familiar with decentralized cryptocurrencies, such as bitcoin (BTC), while respondents with better education were more likely to use crypto, according to a new survey.
“Money is rapidly evolving. Only a few years ago there seemed to be very little...