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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...
Crypto Market Sentiment Fails to Stay in Positive Zone; USDC Wins Week
30.8.2021
Crypto market sentiment had managed to re-enter the positive zone last week - but did not manage to stay there. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins is now 5.94, down from 6.08 seen a week ago, according to the data provided by market sentiment...
Billionaire investor John Paulson says crypto has ‘no intrinsic value’
30.8.2021
The billionaire subprime short-trader in the 2008 financial crash said that digital assets have a “limited supply of nothing.”
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...
Dubai to benefit from expanding crypto market, Bittrex Global CEO says
30.8.2021
The United Arab Emirates has been cementing its presence in the digital asset industry recently with multiple efforts to further adopt blockchain-based technologies
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...
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...
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...
IMF: Bitcoin Is Privately Issued Crypto With Substantial Risks, Inadvisable as Legal Tender
30.8.2021
The International Monetary Fund (IMF) says that crypto assets, like bitcoin, are privately issued with substantial risks, and “Making them equivalent to a national currency is an inadvisable shortcut.” The crypto community disagrees. IMF Claims Bitcoin Is Privately Issued Crypto With...
Crypto Assets: Securities or Commodities? Commissioner Explains How They Are Regulated in US
30.8.2021
A commissioner with the U.S. Commodity Futures Trading Commission (CFTC) has detailed how crypto assets are regulated in the U.S. and whether they fall under the jurisdiction of the CFTC or the Securities and Exchange Commission (SEC). “There has often been a grossly inaccurate...
Safemoon Product Launch Hits a Snag, Project Bombarded by Accusations, Community Deflects Criticism
30.8.2021
A cryptocurrency project called Safemoon has been trending in forums and social media in recent times, as the crypto asset team promised a few new products, but the team claims that the launch has seen difficulties. This weekend, a post published to the subreddit forum r/cryptocurrency claims...
Anarchist Bar in Brussels Now Accepts Cryptocurrency
29.8.2021
A bar in Brussels frequented by local anarchists has introduced crypto payments. Bitcoin is the money of the future, say the owners who have recently renovated the place. It is among the first such establishments in the Belgian capital to take coins for pints, they say. Dolle Mol Bar on Rue...
24 Hour Double-Digit Crypto Gainers: Ecash Jumps 40%, Tezos Spikes 16%, Arweave Gains 12%
29.8.2021
During the last week, a large quantity of popular crypto assets have consolidated and have even seen some slight losses during the last seven days. However, there’s a slew of crypto coins that have seen significant double-digit gains during the last 24 hours. Ecash, Tezos, Arweave, Bitcoin...
Ethereum Fees Jumped 154% Since Last Week, $400 Uniswap Fees, $1K to Interact With Opensea
29.8.2021
Following the bug and the split that occurred after a great number of Geth nodes did not upgrade, Ethereum fees have risen dramatically since August 21, jumping from $11 per transaction to today’s 0.0088 ether per transaction ($27.98). Ethereum Transaction Fees Skyrocket Ethereum is...
FBI Helps to Train Nigerian Crypto Crime Investigators
29.8.2021
The United States government through the FBI recently helped to run a training exercise whose goal is to enhance the capacity of Nigerian cryptocurrency crime investigators, the U.S. Mission Nigeria (USMN) has said. The exercise saw over 50 Nigerian investigators and prosecutors participate....
Why Fiat Currency Is More Confusing Than Crypto
29.8.2021
One common refrain you hear about crypto, at least from laypeople, is that it’s too ‘complicated,’ ‘hard to understand,’ ‘opaque.’ On a technical level this view is understandable, yet it ignores the fact that what cryptocurrencies aim to replace/supplement - fiat currencies - are also more than...
Buying Bitcoin and Ether Just Got Easier in Honduras With Cryptocurrency ATM
29.8.2021
A cryptocurrency ATM has been installed in Honduras where users can buy bitcoin and ether. According to reports, this is the first crypto ATM in the country. Honduras borders El Salvador, where bitcoin is set to become legal tender in a little over a week. Cryptocurrency ATM in Honduras...
Crypto wallets: An important battlefront to gain wallet share and mind share
29.8.2021
The definition of a crypto wallet should be broadened and applicable to Web 3.0 and the entire decentralized technology industry