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Bankers Rush To Fix Cross-border Payments as Crypto Competition Hots up
28.7.2021
The banking industry looks set to go to war with crypto – and is attempting to beat coins and their proponents at their own game, with the Bank for International Settlements (BIS) following on the heels of the international payments network SWIFT in a fresh assault.
Yesterday, Cryptonews.com...
Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market
28.7.2021
The Central Bank of Nigeria (CBN) recently announced the abrupt end to sales and outsourcing of foreign exchange to Bureau de Change (BDC) operators after accusing them of failing to stick to their core mandate. Instead of providing forex to retail users, BDCs are believed to be supplying...
Iran Raises Alarm Over Potential Influx of Miners From China
28.7.2021
With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible...
Bitcoin tries to break $40K second time in two days
28.7.2021
After six weeks pacing between $30,000 and $36,000, BTC price is now hovering around $40,000 resistance once again in two days
CBDCs ‘concocted in hell by Satan himself’ says ASI president Rich Checkan
28.7.2021
Rich Checkan described CBDCs as the spawn of Satan, and thinks that Bitcoin is still a speculative asset and not a currency alternative yet
Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million
28.7.2021
The number of users or unique addresses leveraging decentralized finance (defi) protocols via Ethereum has risen past 3 million according to recent statistics. A vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018....
ETH's trading volume grew much faster than BTC’s in first half of 2021
28.7.2021
Trading volumes for ETH increased by 1,461% over the first half of 2020
Bitcoin Plays With USD 40K, Ethereum, Altcoins Rally
28.7.2021
Bitcoin price remained well bid above the USD 36,000 and USD 36,250 levels. As a result, BTC started a fresh increase above the USD 38,000 resistance. It surged by 8%, tested the USD 40,000 barrier and it is currently (04:01 UTC) showing positive signs.
Similarly, most major altcoins are gaining...
US Bitcoin miner Stronghold files for $100M IPO to fund massive expansion
28.7.2021
Sustainably focused and vertically integrated Bitcoin mining company Stronghold Digital Mining has filed for a $100 million initial public offering with the United States Securities and Exchange Commission
Kenyan Farmers Pivot to Cryptocurrency as Popularity of Community Currencies Grows
28.7.2021
The growth and popularity of community inclusion cryptocurrencies in Kenya continues to soar with the country’s rural farmers being the latest group to embrace the financial technology. As one report reveals, some farmers in Kenya’s countryside are now accepting cryptocurrency...
IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender
28.7.2021
The International Monetary Fund (IMF) has warned against adopting cryptocurrencies, like bitcoin, as legal tender. Noting numerous risks and costs involved, the IMF does not see crypto assets catching on as a national currency. IMF Warns of Risks in Adopting Cryptocurrencies as National Currency...
Senator Warren Urges Treasury Secretary Yellen to Urgently Adopt Policy to Mitigate Cryptocurrencies’ Risks
28.7.2021
U.S. Senator Elizabeth Warren has asked Treasury Secretary Janet Yellen to “act with urgency” and adopt an appropriate policy to address the risks posed by cryptocurrencies. “The longer that the United States waits to adapt the proper regulatory regime for these assets, the more...
S Korean MP Bids to Prevent ‘Crypto Crisis’ While Kimchi Premium Evaporates
28.7.2021
A South Korean lawmaker wants to throw struggling crypto exchanges a lifeline by forcing an extension to a fast-approaching regulatory deadline – while the so-called kimchi premium is shriveling away to oblivion.
Per EDaily and Hanguk Kyungjae, Cho Myung-hee, an MP from the main opposition People’s...
Mastercard Launches Global Program to Help Cryptocurrency Startups Scale Their Innovations
28.7.2021
Payments giant Mastercard has launched a new, global program for cryptocurrency startups. Seven crypto companies have already joined the program. Together with Mastercard, they will work to “expand and accelerate innovation around digital asset technology and make it safer and easier...
Bitcoin: Is The Bull Run Making A Comeback?
28.7.2021
The text below is an advertorial article that was not written by Cryptonews.com journalists.
Crypto had a good week, as bitcoin gained 15% and once broke the 40k USD. Bitcoin touching 40k USD again after 6 weeks brings hope to traders that the bull market will continue. But is it enough?
Since...
Fireblocks Custody Company Raises $310 Million, Reaches $2 Billion Valuation
27.7.2021
Fireblocks, a blockchain infrastructure firm, raised $310 million in its most recent funding round, reaching a valuation of $2 billion. The company, which specializes in the custody of digital assets, is interested in bringing traditional assets to the blockchain realm. Fireblocks expects this...
Market Wrap: Bitcoin Stalls After Short-Squeeze Rally
27.7.2021
Technical data suggests lower support around $34,000 could stabilize the current pullback
The NBA’s Cleveland Cavaliers to Collaborate With Blockchain Firm Socios.com
27.7.2021
Following the announcement from the National Basketball Association’s (NBA) Boston Celtics, the Cleveland Cavaliers has officially partnered with the blockchain firm Socios.com. The partnership is aimed at increasing the Socios brand and awareness via the Cavaliers’ global asset...
October 2020 Déjà vu? Bitcoin pullback at $38K has traders at odds over next move
27.7.2021
Bitcoin consolidates below $38,000 following yesterday’s rally above $40,000 while altcoins give back most of their gains
SWIFT Ups Competition with Crypto, Launches 'Fast, Transparent Payments' Service
27.7.2021
Global banking payments network SWIFT seems to be aiming to build itself as a stronger competition to cryptocurrencies - it has just launched a new service which they say allows businesses and consumers to send payments quickly, securely, and transparently directly from bank accounts.
SWIFT...