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Chinese Court Says Crypto is ‘Not Protected By Law’
23.8.2021
In a landmark ruling that could shake China’s crypto scene, the Supreme Court of the Shandong province has ruled that cryptocurrency “was not protected by law” after deliberating on a case that involves a potential fraud related to the purchase of tokens, as reported by The South China Morning...
A Tale of Two Hacks: Poly Hacker Bows Out, Liquid to Restore Operations
23.8.2021
In the aftermath of the recent hacks that targeted interoperability protocol Poly Network and Japanese crypto exchange Liquid, both entities are signalling efforts to restore their operations, as well as freeze and return the stolen assets. Amidst all that, Poly Network's hacker has apologized...
Bitcoin (BTC) Crosses the $50k Psychological Mark
23.8.2021
Bitcoin has been considered digital gold since the very beginning because of its scarcity and durability. Bitcoin has a huge potential to move upwards and even realize the long-term targets of $100,000 that experts have presented for this cryptocurrency since 2016. The environmental impact of using...
American Regulators Could Be Set to Poop Bitcoin USD 50K Party
23.8.2021
Bitcoin (BTC) may have broken through the key USD 50,000 barrier, but crypto investors might be wise to keep their champagne on ice – with United States politicians and regulatory bodies possibly gearing up to the crash the celebrations later this week.
The token is now trading just over USD 50,000...
Bitcoin Reclaims USD 50K, Ethereum and Cardano Gain Strength
23.8.2021
Bitcoin price formed a support base above the USD 47,000 and USD 48,000 levels. As a result, BTC started a fresh increase above USD 49,500. There was a clear break above USD 50,000 and the price is currently (04:00 UTC) showing a lot of positive signs.
Similarly, most major altcoins are gaining...
South Korean Crypto Exchanges Plead for 6 Months of Regulatory Mercy
21.8.2021
Source: AdobeStock / Chee-Onn Leong
South Korean blockchain organizations have told regulators that it will be impossible for the nation’s crypto exchanges to meet a September 24 registration deadline and want six more months to prepare – although it looks like their pleas may have fallen on deaf...
Binance Tightening KYC Procedure, The Screaming Sheep NFT + More News
20.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Crypto exchange Binance has announced they have tightened the customer verification requirements on their platforms, as they extend...
Insurance on Crypto Exchanges Inches Up, KYC Still Weak - Report
20.8.2021
Cryptocurrency exchanges are showing an increase in their tendency to insure clients’ assets, both formally and in informal ways through insurance funds, a new report finds. On the other hand, know-your-customer (KYC) stringency is still weak on many exchanges, with around a third having poor...
Australian Police Makes Record Crypto Seizure With Dark Web Drug Bust
20.8.2021
Australia’s Victoria Police have collected close to AUD 8.5m (USD 6m) worth of cryptocurrency in its recent clampdown on dark web drug trafficking. The bust, which targeted a number of properties in the country’s south-eastern state of Victoria, is said to be Australia’s biggest crypto seizure...
Coinbase Plans to Spend More of its Cash on Crypto After USD 500M Buy
20.8.2021
Source: AdobeStock / photo_gonzo
The crypto exchange giant Coinbase has stated that it wants to spend even more of its profits on buying cryptoassets – but has admitted that its plans will hinge on the sector’s growth prospects.
The company and its CEO Brian Armstrong were speaking after Coinbase...
Bitcoin's Battles: Volatility to 'Drive Investors to Gold', Ethereum to 'Dethrone' It
20.8.2021
Bitcoin (BTC) volatility could drive investors back to gold, predicts Jake Klein, Executive Chairman of Australian gold mining company Evolution Mining. In the meantime, the price of ethereum (ETH) could skyrocket and potentially exceed the value of the top cryptocurrency within the next five...
US May Regulate DeFi, El Salvador's Bitcoin Draft Regulations + More News
19.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Regulation news
Decentralized finance (DeFi) projects may still fall under the jurisdiction of the US Securities and Exchange Commission (SEC),...
Approval for Non-futures-based Bitcoin ETF ‘Still a Year off’ – Expert
19.8.2021
A senior analyst in the exchange-traded fund (ETF) space thinks that a bitcoin (BTC) offering is on its way this year – but has suggested that it will be of the kind not favored by the crypto space. And as for the elusive “right kind” of bitcoin ETF? Well, we may have to wait another 12 months...
Putin Tells Russian Gov’t to Create a Crypto Holdings Reporting System
19.8.2021
Vladimir Putin. Source: a video screenshot, Youtube, TASS
The Russian President Vladimir Putin has ordered his government and the Central Bank to prepare a system that will force individuals to declare their crypto holdings.
Per INC-News, Putin has told the bank chiefs, as well as the Ministry...
Fireblocks Onboards Former SEC Chairman Jay Clayton as Advisor
19.8.2021
Source: Screenshot, Jay Clayton, CNBC Television / YouTube
Digital asset security and asset transfer platform Fireblocks has announced that Jay Clayton, Former Chair of the US Securities and Exchange Commission (SEC), has joined the company’s advisory board, stating that Clayton's previous...
Fold Launches Unique AR Bitcoin Rewards Function for Users
19.8.2021
Fold is a leading decentralized payments portal that allows investors to fetch Bitcoin rewards as earnings. It proudly announced the launch of its powerful Augmented Reality (AR) feature that will revolutionize the firm’s core ecosystem. With this facility, Fold will offer a unique opportunity...
‘Nerve-wracking’ Wait for S Korean Crypto Investors, 70% of Crypto Firms’ Sites Down
19.8.2021
Fear appears to be taking hold of crypto investors in South Korea, with just over a month before key regulations come into force, exchanges seemingly woefully underprepared for a raft of new policing measures – and the majority of registered crypto companies’ websites offline or inaccessible.
As...
Liquid Exchange Hacked, Working With Other Exchanges on Recovering Funds
19.8.2021
Japanese crypto exchange Liquid has suffered an attack this morning, with the thief taking off with a still unconfirmed amount of bitcoin (BTC) and ethereum (ETH), among other coins. The exchange has started working with its colleagues on freezing and returning the funds.
"We are currently...
Institutional Players May Dominate Bitcoin Trading Within 3 Years - Report
19.8.2021
Institutional players could dominate bitcoin (BTC) trading in the near future, as surveyed institutions expect asset managers, funds, and banks to be the most significant contributors to trading volume in the next three years, according to a report released by digital asset research firm Arcane...
UWM Crypto Payments, Binance in Netherlands, Bitstamp Won't List DOGE + More News
18.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Adoption news
US mortgage lender United Wholesale Mortgage (UWM), previously known as United Shore Financial, will start accepting cryptocurrency...