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Price analysis 8/30: BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI, LUNA
30.8.2021
Bitcoin and select major altcoins are still facing selling at overhead resistance levels, indicating that the next leg of the uptrend may have to wait
Pay Tax on Your Bitcoin Profits or Face Punishment, Mexican Auditor Warns
30.8.2021
An auditor has warned that Mexicans must pay tax on bitcoin (BTC) and altcoin trading profits – or run the risk of becoming earmarked as money-laundering offenders.
Per the news agency EFE, via El Nacional, Fidel Ortiz, the director-general of the accountancy FIXAT, claimed that BTC investment...
Ethereum Burns $432 Million ETH — Ether Burned Could Buy 2,000 Medium-Sized Homes
30.8.2021
Approximately 25 days ago, the Ethereum blockchain implemented the London hard fork and a number of features were added to the ruleset. One of the most anticipated changes was EIP-1559 which makes the crypto asset ether deflationary by burning a fraction of coins. Since August 5, over $432 million...
Banks Protest Crypto Firms' Claim to Federal Reserve Payments Systems
30.8.2021
Crypto businesses are seeking access to the US Federal Reserve’s (FED) payments systems that legacy finance institutions use to move money around swiftly. However, in a bid to protect their privileged position in the US financial system, banks are protesting against providing crypto companies with...
Higher Bitcoin Prices Create Resurrection of Old Mining Rigs, Outdated Miners See New Life
30.8.2021
The price of bitcoin has dipped a hair in value this past week, but the crypto asset is still up 14.4% over the course of the last month. Statistics show that Bitcoin’s hashrate has seen a resurgence and because bitcoin’s price has increased, mining profitability and hashrate...
Decentralized Bitcoin Exchange, USD 100M DeFi Initiative + More News
30.8.2021
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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Exchanges news
Payment giant Square and social media giant Twitter CEO Jack Dorsey said that Square's new division focused on creating...
Congressional Researchers Remind Of Crypto Regulations Risks
30.8.2021
The US Congressional Research Service (CRS) is reminding lawmakers of trade-offs and risks related to potential forthcoming crypto regulations spearheaded by the US administration. At the same time, US Senators are developing proposals in a bid to protect the interests of crypto investors.
The...
South African Central Bank Governor Reiterates: ‘Crypto Is Not Currency’
30.8.2021
The governor of the South African Reserve Bank (SARB), Lesetja Kganyago, has reiterated the central bank’s longstanding belief that cryptocurrencies like bitcoin are not currencies. According to Kganyago, crypto-assets, as he prefers to call them, are not currencies because they fail to meet...
Cryptowisser : Bitcoin and Ethereum Synergy Essential for Crypto Industry Growth
30.8.2021
PRESS RELEASE. August 2021, leading Crypto service comparison site – Cryptowisser, compares the two cornerstones of cryptocurrency, Bitcoin and Ethereum. The latest analysis of the market focused on the pioneering cryptocurrencies Bitcoin and Ethereum. But, differing from the usual Bitcoin...
Betting on a Bitcoin bull run? Not in September, BTC price data says
30.8.2021
Next month is a classic underperformer for BTC/USD, and judging by the current price action, 2021 is no exception
Bitcoin and Ethereum Hold Key Uptrend Support, XRP Consolidates
30.8.2021
Bitcoin price is holding the USD 47,200 and USD 47,000 support levels. If BTC breaks the USD 49,000 resistance, it could start a stronger increase. It is currently (12:24 UTC) consolidating near the USD 48,000 level, with an immediate hurdle near USD 48,500.
Similarly, most major altcoins...
BCH Defi Project Detoken to Close Its Doors Over Regulatory Climate Toward Crypto Derivatives
30.8.2021
On August 28, the Bitcoin Cash-based decentralized finance (defi) platform Detoken announced the project is closing its doors on September 4, 2021. The project’s founder, Semyon Germanovich, explained that the main reason for shutting the defi project down is because of the “changing...
Bitcoin whales join 'small fish' in buying BTC as price holds above $47K
30.8.2021
Bitcoin addresses holding 1,000 to 10,000 BTC have resumed accumulating coins
Nigerian Central Bank Reveals CBDC Guidelines, Announces Plan to Launch E-Naira Wallet
30.8.2021
The Central Bank of Nigeria (CBN) has reportedly confirmed that its e-naira digital currency will have a legal tender and non-interest-bearing asset status. In addition, a limit on customer transactions and value-based transactions will be imposed. Five-Stage Launch According to a Nairametrics...
El Salvador: Government Supporters Dismiss Bitcoin ‘Protests’
30.8.2021
Source: A video screenshot, Reuters
With just days to go until bitcoin (BTC) becomes legal tender in El Salvador, resistance to crypto adoption is continuing – while pro-BTC advocates are dismissing opposition to adoption and looking forward to the dawn of a new financial paradigm.
Reuters (via...
ECB Vice President States Crypto Should Be Regulated Like Other Assets
30.8.2021
European Central Bank (ECB) Vice President Luis De Guindos has stated he wants cryptocurrencies to be subject to the same rules that other assets are. The statements were offered in a presentation given as part of the summer courses offered by the European Parliament, where De Guindos declared...
Is the time right for $50K BTC? 5 things to watch in Bitcoin this week
30.8.2021
It's been a long time coming, but as yet, nothing has been able to propel BTC/USD over $50,000 for long. Is this week different?
Bitcoin SV (BSV) Hits a Two-Month High: Is It a Rally?
30.8.2021
If there is an underrated cryptocurrency in the last two years, Bitcoin SV tops the list because of its price action and consistently higher trading valuation. While most cryptocurrencies remained dormant for the entirety of 2020, BSV was trading with support at $150 and profit booking close...
Travel Rule Implementation Still Far Off Due to Tech Limitations, Australian Regulator Reports
30.8.2021
The Australian Department of Home Affairs stated that the country lacked the technical capabilities to implement a system that complies with the travel rule proposed for cryptocurrencies. The Department concluded this in an appearance before the Senate in Australia last Friday. However,...
Mining Hardware Thief Gets 3-Year Sentence in Russia
30.8.2021
Russian authorities have investigated a number of cases involving the theft of crypto mining equipment in the past months. A resident of Yaroslavl has just been found guilty of stealing mining hardware worth over $20,000 and sentenced to three years in prison. Russian Convicted of Stealing Mining...