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Bitcoin 'sell the rally' indicator flashes again as BTC price breaks below $45K
12.8.2021
An on-chain indicator, notorious for spotting fake bullish breakouts during downside corrections, flashes again
Satoshi Versus the ‘Infrastructure Bill’ — Political Permission Not Required
12.8.2021
When Satoshi Nakamoto released the Bitcoin white paper in October 2008, it likely wasn’t with the idea that governments and central banks needed to recognize, adopt, and regulate Bitcoin for everyone’s benefit. To the contrary, if anything can be taken away from that document and...
Investors Pour Billions in Crypto & Blockchain as Bets Get Bigger
12.8.2021
Despite the number of deals dropped, in the first half of this year, total global investments in blockchain and cryptoassets more than doubled the amount injected in these industries in the whole of 2020, reaching USD 8.7bn and soaring past the previous annual record posted in 2018, at USD 7.2bn...
Dvision Network to Host “Live Debate” on Cryptocurrency Legislation Organized by Korean National Assembly
12.8.2021
PRESS RELEASE. The blockchain-based metaverse Dvision Network is set to become part of history in what promises to be an action-packed event. The NFT metaverse will be hosting the ‘’Live debate’’ on the Cryptocurrency Legislation and Improvement Measures organized by...
Bitcoin loses 4% in challenge to bulls’ push for $50K — Watch these BTC price support levels
12.8.2021
$47,000 resistance serves as a timely reminder that the only way is not always up for Bitcoin bull runs
Ukraine Shuts Down Crypto Exchangers Sending Money to Russian Wallets
12.8.2021
The Security Service of Ukraine (SBU) has closed down a number of “underground” crypto exchangers in Kyiv. Officials say the platforms have been making a million dollars in monthly turnover and allegedly sending money to digital wallets operated by Russian payment providers....
Bitcoin and Ethereum Dip, XRP Holds Near USD 1
12.8.2021
Bitcoin price failed to clear the USD 46,500 resistance zone. As a result, there was a bearish reaction below USD 46,000. BTC is currently (12:14 UTC) showing a few bearish signs below USD 45,000, with a decent support at USD 44,500.
Besides, most major altcoins are still trading in a positive...
Japanese Crypto Sector Launches Consolidated Tax Reform Bid
12.8.2021
Two of Japan’s biggest crypto business groups have launched a joint bid to persuade the government to revise its crypto tax laws. Japanese law currently stipulates that crypto traders must pay levies of up to 55% on their profits.
However, a number of players in the sector – as some opposition...
Iranian Tax Authority Urges Regulators to Legalize Cryptocurrency Exchanges
12.8.2021
The Iranian National Tax Administration (INTA) has put forward a proposal to tax digital asset exchanges operating in the country. The authority calls for the legalization of their activities, fearing restrictions could negatively affect tax collection. Tax Agency Wants to Obtain User Data From...
Buying Bitcoin is like entering a minefield, Bank of Russia exec says
12.8.2021
The Bank of Russia expressed concerns over the increasing number of local investors pouring their money into Bitcoin
Bitcoin Mining Difficulty to Jump Again As More Miners Return to Work
12.8.2021
Bitcoin (BTC) mining difficulty is expected to go up again in less than a day, following the last adjustment's important increase.
The relevance of the previous increase is not so much in the percentage, which was 6%, but the fact that it had broken the second-longest drop streak in Bitcoin's...
Kucoin Boss on Strategy After Hack: ‘We Chose to Act’
12.8.2021
Kucoin, one of the leading crypto exchanges, suffered a hacking incident in 2020 where over $250 million was stolen. However, immediately after the hacking was reported, Kucoin began cooperating with various players from the crypto industry. This cooperation ultimately led to the recovery of...
Troop of Bored Ape NFTs Rises Above the Competition, BAYC Donates $200K in ETH to Orangutan Outreach
12.8.2021
While non-fungible token (NFT) assets have been raking in millions, numerous NFT projects like Cryptopunks, Meebits, and Bored Ape Yacht Club (BAYC) have been outpacing the competition. The BAYC NFT collectibles is a collection of 10,000 Bored Ape NFTs and just recently the project sales volume...
Bitcoin and Ethereum Lack Momentum, XRP Tests USD 1
12.8.2021
Bitcoin price is stuck in a range above the USD 45,000 support zone. BTC seems to be facing a strong selling interest above USD 46,500. It is currently (05:34 UTC) consolidating near USD 45,000.
Most major altcoins are also correcting gains. ETH spiked above USD 3,250 and it is now consolidating...
Soccer Giant AC Milan Seals Sponsorship Deal With Crypto Exchange Bitmex
12.8.2021
Italian soccer club AC Milan and Bitmex have reached a long-term partnership agreement that will put the logo of the cryptocurrency exchange on Milan’s jerseys. As part of the sponsorship deal, Bitmex will become Milan’s ‘official sleeve’ and ‘crypto trading’...
Poly Network Defi Hacker Returns a Large Fraction of Tokens, Chainalysis Evaluates Hacker’s Onchain Movements
12.8.2021
On August 11, the blockchain intelligence firm Chainalysis published its findings on the recent Poly Network hack which saw the loss of approximately $611 million crypto tokens. The assessment from Chainalysis backed up the claims made by the security company called Slowmist that shows the hacker...
Dutch Bitcoin family reveals how they safeguard a fortune in crypto
12.8.2021
Hardware wallets and a range of secure, but unusual locations, is the storage method of choice for this crypto family
Kevin O’Leary Buys More Crypto, Gets Paid in Crypto, Partners With FTX Exchange
12.8.2021
Shark Tank star Kevin O’Leary, aka Mr. Wonderful, is increasing his cryptocurrency allocation. He is also taking an equity stake in the FTX crypto exchange and has signed a multi-year deal to become its ambassador and spokesperson. He will be paid in crypto for his services. Kevin...
SEC Asking for Jurisdiction Over All Crypto Exchanges Is ‘a Blatant Power Grab,’ Says Lawmaker
12.8.2021
U.S. Congressman Patrick McHenry has slammed the U.S. Securities and Exchange Commission (SEC) for asking for jurisdiction over all crypto exchanges, including non-securities ones. He called it “a blatant power grab that will hurt American innovation,” adding, “We don’t need...
Nasdaq-Listed Metromile Invests $1 Million in Bitcoin — Sees Rapid Growth in Global Cryptocurrency Adoption
12.8.2021
The Nasdaq-listed auto insurance company Metromile has purchased $1 million in bitcoin. The company plans to “become the first insurance company to allow policyholders the option to pay for insurance and receive payment for eligible claims in either bitcoin or dollars.” Auto Insurance...