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UK's FCA Targets Young Crypto Investors, DeFi Hacks + More News
15.7.2021
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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Investment news
The UK Financial Conduct Authority (FCA) has created a GBP 11m (USD 15.3m) digital marketing campaign to warn its younger...
Compass Mining Partners With Oklo to Power Bitcoin Mining Operations With Advanced Fission
15.7.2021
Bitcoin mining firm Compass Mining announced the company has entered a 20-year partnership with Oklo Inc., a California-based firm that produces clean, emission-free energy via advanced fission. Oklo explains the company is committed to providing 150 megawatts (MW) of clean power to Compass...
Record outflows from Canada’s biggest Bitcoin fund see BTC reserves drop by 50%
15.7.2021
On-chain data shows two dramatic declines in the Bitcoin reserves held by a Canadian Bitcoin fund but there's a catch
Fed Chair Jerome Powell Says ‘You Wouldn’t Need Cryptocurrencies if You Had a Digital US Currency’
15.7.2021
Federal Reserve Chairman Jerome Powell believes that there is no need for cryptocurrencies if there is a digital dollar. “I think that’s one of the stronger arguments in its favor,” he said. The Fed chair also insists that the U.S. is not in danger of losing its reserve currency...
Bitcoin price tumbles to 'final support' as trader warns of $24K BTC price target
15.7.2021
A failure to retain $31,000 would mean that $29,000 and then $24,000 are on the menu, says Michaël van de Poppe
Italian Regulator Warns Binance Crypto Exchange Not Authorized to Provide Investment Services in Italy
15.7.2021
Binance’s regulatory troubles grow with Italy being the latest country to issue a warning on the global cryptocurrency exchange. Other countries that have issued similar warnings include the U.K., Japan, Thailand, and the Cayman Islands. Crypto Exchange Binance Unauthorized in Italy...
Australian digital finance industry wants to legally recognize DAOs
15.7.2021
A new legal initiative in Australia wants to allow DAO project governors to contract with other legal entities through DeFi tools
LABS Enters the NFT Market – The Real Estate Market Game Changer
15.7.2021
LABS Group, the first end-to-end crowdfunding service in the blockchain and real estate industry, has launched the world’s first community-powered and owned resort – Kunang Kunang Glamping Resort. LABS Group fractionalised the entire resort into 365 Rewarding Timeshare (RTS) NFTs...
Poland, Romania Rank in Top 10 for Number of Bitcoin ATMs, World’s Total Exceeds 23,000
15.7.2021
Two East European nations, Poland and Romania, are now among the top 10 countries hosting the most cryptocurrency ATMs. The global number of teller machines supporting crypto transactions has increased exponentially over the past months, now reaching over 23,000 devices. Poland Ranks Among Leading...
Bitcoin, Ethereum and Altcoins Show Signs of Another Decrease
15.7.2021
Bitcoin price failed to climb above the USD 33,000 and USD 33,200 resistance levels. BTC is slowly moving lower and it is trading well below USD 32,500. The current (11:45 UTC) price action suggests high chances of more downsides below USD 31,500.
Similarly, most major altcoins are slowly moving...
World’s Largest Asset Manager Blackrock Sees ‘Very Little’ Demand for Cryptocurrencies
15.7.2021
The world’s largest asset manager with $9.5 trillion under management, Blackrock, sees “very little” demand for cryptocurrencies, including bitcoin, according to CEO Larry Fink. Blackrock’s CEO Talks About Crypto Demand Larry Fink, the CEO of Blackrock, the world’s...
China’s Bitcoin hash power fell before the crackdown: Cambridge data
15.7.2021
Cambridge research shows that China’s Bitcoin mining power fell by 40% before the crackdown, while the United States’ hash power has quadrupled
'It's fine' to buy Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin
15.7.2021
What seems to be a full reversal on a previously hostile Bitcoin stance is tempered by Mnuchin, who added that he still wouldn't be buying BTC himself
Watch Spike Lee’s New Ad That Spins Crypto As 'New Money'
15.7.2021
Source: A video screenshot, Youtube/Coin Cloud
US director, screenwriter and actor Spike Lee has rolled out a new ad for crypto ATM provider Coin Cloud, employing a socially-conscious message to praise cryptocurrencies as a tool to advance the empowerment of the underprivileged...
Bitcoin network node count sets new all-time high
15.7.2021
Bitcoin’s node count has achieved another all-time high milestone with almost half of the nodes running on Tor
Italian finance regulator issues warning on Binance crypto exchange
15.7.2021
Italian Companies and Exchange Commission has warned that Binance is not authorized to facilitate crypto investment services in the country
China's Global Bitcoin Hashrate Was On Decline Before Crackdown
15.7.2021
It seems that the Great Miner Migration began even before the latest exodus from China. That country’s share of global Bitcoin (BTC) hashrate started declining before the latest government crackdown, while that in other countries has seen an increase, found the Cambridge Centre for Alternative...
Bitcoin may have played a role in Tesla's decorrelation from Big Tech
15.7.2021
The 20-day correlation between Tesla stocks and the Nasdaq 100 index has sharply dropped from 0.83 in mid-June to 0.14 as of this week
Bitcoin May Surpass USD 66K in 2021 and USD 400K by 2030 - 'Panel of Experts'
15.7.2021
Source: Adobe/STEKLO_KRD
By the end of this year, bitcoin (BTC) may hit the USD 66,000 level, as well as rise above USD 400,000 by the end of 2030, according to the median price prediction by 42 industry players, surveyed by a comparison platform and information service Finder. Though there...
Digital Euro Project Gets Going as ECB Launches Investigation Phase
15.7.2021
After months of deliberation, the European Central Bank has decided to proceed with a digital euro project. Officials insist the new version of Europe’s common currency should “ensure privacy” and provide access to “the safest form of money” at...