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JPMorgan Predicts When Bitcoin Bear Market Will Be Over
4.7.2021
Global investment bank JPMorgan has predicted that the bitcoin price slump will likely be over when the cryptocurrency’s dominance rises back above 50%. “I think that’s another indicator to watch here in terms of whether this bear phase is over or not,” the firm’s...
Cardano Joins Grayscale Digital Large Cap Fund as Third Biggest Component
3.7.2021
Cardano has been added to Grayscale Investments’ large-cap cryptocurrency fund. It is now the third-largest component of the fund after bitcoin and ether. Grayscale Investments, the world’s largest digital currency asset manager, announced Friday the addition of cardano to its Digital...
‘Make or break’ for Bitcoin, Binance under pressure, Strike attacks Coinbase: Hodler’s Digest, June 27–July 3
3.7.2021
NBA’s Portland Trail Blazers Partner With Crypto Cashback Company Stormx
3.7.2021
In 2021, there’s been a plethora of cryptocurrency-related announcements about professional sports teams, leagues, and famous athletes. On July 1, the National Basketball Association’s (NBA) Portland Trail Blazers announced the professional basketball team has partnered with...
New Bill to Ban Crypto Payments in Iran, Support Mining and Regulate Exchange
3.7.2021
Urged by the growing popularity of cryptocurrencies, Iranian lawmakers have prepared new legislation to introduce comprehensive rules for the expanding industry. While the bill effectively bans crypto payments in the country, it aims to support cryptocurrency mining and regulate the exchange...
South African Court Grants Final Liquidation Order Against the ‘Biggest Cryptocurrency Scam in 2020’
3.7.2021
A South African judge, Justice Alma de Wet, has ruled in favor of granting a final liquidation order against Mirror Trading International (MTI), the country’s biggest bitcoin scam in the past year. Nevertheless, the judge postponed a ruling on an application by MTI liquidators to have...
Bitcoin Still Commands the 9th Largest Market Capitalization in the World
3.7.2021
Despite the drop in value during the last three months, the leading crypto asset bitcoin is still the ninth most valuable asset in the world in terms of market capitalization. Moreover, bitcoin could flip some of the world’s most valuable assets in the future, as the crypto asset is 67% away...
How Taproot Might Affect Bitcoin’s Competitiveness
3.7.2021
Taproot is on its way. The long-awaited Bitcoin (BTC) upgrade has been confirmed, after it passed the minimum threshold of 90% miner approval in mid-June, meaning that it will be implemented in November.
While the core features of Taproot — increased privacy and enhanced wallet scripting —...
South Korean Crypto Exchange Bithumb Bans Employees from Trading Bitcoin
3.7.2021
One of the largest South Korean cryptocurrency exchanges, in terms of trade volume, Bithumb, has announced that employees are banned from trading bitcoin on the exchange platform. The company’s chief executive officer revealed the decision in a Bithumb newsletter focused on improving...
Is Bitcoin in danger of losing $30K with Grayscale's big GBTC unlocking in two weeks?
3.7.2021
Bitcoin prices remain under pressure in the $30,000-$40,000 zone as traders brace for the 16,000 BTC worth of GBTC shares unlocking in July
Bitcoin mining difficulty just fell by a record 28% — But will this help BTC price recover?
3.7.2021
The ratio of Bitcoin price to hash rate presents bulls with a long wait, as hash rate is still migrating
Ukraine Shuts Down Illegal Mining Farm With 150 Rigs
3.7.2021
Law enforcement officials in Ukraine have closed down a cryptocurrency mining farm that was minting digital coins using stolen electricity. The facility had more than 150 mining rigs that have been confiscated during a raid in Chernihiv region. Authorities in Ukraine Seize Over 150 ASICs From...
Binance Deploys Crypto Monitoring ‘Traveler’ System to Comply With FATF Travel Rule
3.7.2021
Binance announced yesterday it deployed Ciphertrace’s Traveler system as part of its compliance efforts. Traveler is the first system designed for exchanges to comply with the Travel Rule proposed by the Financial Action Task Force. The exchange would be among the first wave of exchanges...
Bitcoin Blocks Will Soon Be 27% Easier to Find — Miners Brace for the Largest Difficulty Drop in BTC’s Lifetime
3.7.2021
Bitcoin, the leading crypto asset in terms of market capitalization, has seen the cryptocurrency’s network hashrate drop considerably during the last two weeks. On Saturday, July 3, the network’s mining difficulty will see the largest epoch drop in history as the difficulty is set...
US State Department Official Wants El Salvador to ‘Ensure Bitcoin Is Well Regulated’
3.7.2021
The U.S. Department of State’s undersecretary of state for political affairs, Victoria Nuland, has explained during a press conference that the U.S. has urged El Salvador to be responsible with the country’s new bitcoin law. Nuland told the press that the U.S. was taking a “tough...
Bank of Russia to Study Risks of Crypto Investing With Banks and Payment Providers
3.7.2021
The Central Bank of Russia (CBR) has set out to examine the risks associated with cryptocurrency investments. The regulator is going to conduct a dedicated study with the participation of major banks and payment processors operating in the Russian market. CBR Adds Crypto to Its Survey Program...
Venezuela to Slash Six Zeros From Its Currency to Facilitate Payments
2.7.2021
The government of Venezuela is considering a new redenomination of its fiat currency. The proposal that is under study would cut six zeroes from the inflation-affected Bolivar. This would aid companies in processing taxes and provider payments that are absurdly complex with today’s numbers....
Fed chair met with Coinbase CEO Brian Armstrong and former House speaker in May
2.7.2021
Armstrong said he had spoken about China’s central bank digital currency with lawmakers and heads of federal agencies, believing it to be "a threat to U.S. reserve currency status long term."
Cambridge and IEA data shows bitcoin carbon intensity peaked last year
2.7.2021
Worst case projections seem to suggest that bitcoin emissions will be down by more than two-thirds in five years
Axie Infinity (AXS) and Waves make gains as Bitcoin flatlines below $34K
2.7.2021
Axie Infinity and Waves shake off confusion in the market to climb higher while Bitcoin continues to struggle below $34,000