Search
Infra Bill Change Hope Alive as House Disquiet at Crypto Provisions Grows
13.8.2021
Pressure is growing in Congress with crypto advocates hopeful of convincing the House of the need to amend a much-maligned infrastructure bill that contains a veritable minefield of reporting obligations for miners, validators and software developers.
Politico called the effort a “long-shot bid,”...
Argentina’s President Calls Crypto a ‘Hard Currency’ that Can Fight Inflation
13.8.2021
Alberto Fernández. Source: A video screenshot, Youtube/Filo News
Alberto Fernández, the President of Argentina, has made some remarkably bullish comments about crypto, noting that tokens may have the power to fight inflation and operate as “hard currency, somewhat” – although he sought to temper...
Bitcoin and Ethereum Try to Recover, ADA Nears USD 2
13.8.2021
Bitcoin price failed to extend gains above the USD 46,500 resistance. BTC started a downside correction below USD 45,500 and USD 45,000. However, it found support near USD 44,000 and it is currently (04:35 UTC) recovering losses.
Besides, most major altcoins are trimming losses. ETH dived towards...
Investors Pour Billions in Crypto & Blockchain as Bets Get Bigger
12.8.2021
Despite the number of deals dropped, in the first half of this year, total global investments in blockchain and cryptoassets more than doubled the amount injected in these industries in the whole of 2020, reaching USD 8.7bn and soaring past the previous annual record posted in 2018, at USD 7.2bn...
Japanese Crypto Sector Launches Consolidated Tax Reform Bid
12.8.2021
Two of Japan’s biggest crypto business groups have launched a joint bid to persuade the government to revise its crypto tax laws. Japanese law currently stipulates that crypto traders must pay levies of up to 55% on their profits.
However, a number of players in the sector – as some opposition...
Bitcoin Mining Difficulty to Jump Again As More Miners Return to Work
12.8.2021
Bitcoin (BTC) mining difficulty is expected to go up again in less than a day, following the last adjustment's important increase.
The relevance of the previous increase is not so much in the percentage, which was 6%, but the fact that it had broken the second-longest drop streak in Bitcoin's...
Bitcoin and Ethereum Lack Momentum, XRP Tests USD 1
12.8.2021
Bitcoin price is stuck in a range above the USD 45,000 support zone. BTC seems to be facing a strong selling interest above USD 46,500. It is currently (05:34 UTC) consolidating near USD 45,000.
Most major altcoins are also correcting gains. ETH spiked above USD 3,250 and it is now consolidating...
Argentinian MP Calls for Gov’t Mining Answers as Crypto Real Estate Interest Grows
11.8.2021
Crypto is becoming a big deal in Latin America, where an Argentinian MP has demanded crypto policy answers from the government – while interest in crypto-powered real estate rises in the country.
According to Parlamentario, Martín Berhongaray, an MP for the Radical Civic Union Party –...
Digital insurer Metromile follows through with $1M Bitcoin purchase
11.8.2021
In May, the company said it intended to allocate $10 million towards Bitcoin in the second quarter of 2021
Fitch Warns Spezialfonds & Crypto Market, US Inflation Eases + More News
11.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
_____
Investments news
The volatile nature of crypto markets will present particular challenges to fund managers that include cryptoassets...
Poland Should Either Join Eurozone Or Issue Own CBDC - Stock Exchange CEO
11.8.2021
To maintain Poland’s capacity to freely conduct its monetary policy, the country’s authorities will need to make a choice: join the eurozone, or launch a national central bank digital currency (CBDC), according to Marek Dietl, CEO of the state-controlled Warsaw Stock Exchange (WSE).
The National...
Can Bitcoin Realize the Target of $100,000 Any Time Soon?
11.8.2021
Bitcoin has been on an upward trajectory for almost 20 days, and we have witnessed more and more participation from different buyers. Particularly the easing of grey market woes, where people predicted the fall of Bitcoin as the funds become available to be used. Witnessing a strong reversal from...
Beijing Court to Create Property Right Framework for ‘Digital Currencies’
11.8.2021
The Beijing Financial Court has outlined its intention to protect the property rights of “digital currency” holders – but only if such “currencies” are “legally” recognized by the Chinese state.
Speaking at a press conference held at the court yesterday, Cai Huiyong, who was appointed as...
BitMEX Wants to Expand Capacities After Paying USD 100M to US Regulators
11.8.2021
Major crypto derivatives platform BitMEX has seen a resolution of its row with the US regulators, which its CEO said “will only accelerate [their] evolution.” However, with criminal charges still hanging over its founders, BitMEX will need to have independent consultants investigate its transaction...
Coinbase Plans to Spur ‘Commerce’-based Crypto Usage for Customers, Merchants
11.8.2021
Brian Armstrong. Source: a video screenshot, Youtube, a16z
US-headquartered major crypto exchange Coinbase has revealed that its plans for the future of the “crypto economy” include building upon its Coinbase Card debit card and bitcoin (BTC)-collateral loan service, building on a growing number...
Bitcoin and Ethereum Struggle, ADA and XRP Rally
11.8.2021
Bitcoin price failed to settle above the USD 46,500 resistance level. BTC is correcting gains and it is trading below the USD 46,000 level. It is currently (03:43 UTC) still above USD 45,500, but there are chances of a downside correction.
While most major altcoins are showing positive signs,...
Korbit Reopens Offline Customer Service Center in Seoul’s Busy Gangnam
11.8.2021
Trading volumes may have dipped recently at crypto exchanges in South Korea and regulatory issues continue to plague the industry, but some trading platforms are staying positive – and the nation’s first-ever exchange has taken the bullish step of reopening its flagship bricks-and-mortar customer...
VanEck takes new approach with SEC, files for Bitcoin Strategy ETF
10.8.2021
SEC chair Gary Gensler recently hinted he would be more open to accepting ETFs based on crypto futures rather than through direct exposure
SEC’s Pierce Returns to the Warpath to Criticize Poloniex Settlement
10.8.2021
Source: A screenshot, Youtube/CNBC Television
One of the commissioners of the America financial regulator, the Securities and Exchange Commission (SEC), has launched another blistering attack on her own organization after the Poloniex crypto exchange agreed terms on a circa USD 10.4m settlement...
Venmo's Cash Back to Crypto, Investment Flows + More News
10.8.2021
Source: Adobe/Игорь Головнёв
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
Venmo said it has launched Cash Back to Crypto, a new way for Venmo Credit Card customers...