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Salvadoran Representative Introduces Lawsuit Against the Bitcoin Tender Law for Being Unconstitutional
22.6.2021
Jaime Guevara, a Salvadoran representative, presented a lawsuit against the recently approved bitcoin tender law today. Guevara alleges the law is unconstitutional and brings a series of changes that will cause problems for Salvadorans. Some people suspect Bukele’s regime is behind...
Privacy Is Key for Successful Digital Euro, Data Protection Body Says
22.6.2021
The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will...
Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K
22.6.2021
Bitcoin short positions at Bitfinex soared as BTC price dropped below $40,000, so why did the majority of them close before the largest part of the correction?
Taleb Releases a Dirty Swan Upon Bitcoin, Bitcoiners Were Fast to Clean It
22.6.2021
Nassim Nicholas Taleb, an essayist and scholar, known for his book on the extreme impact of rare and unpredictable events, The Black Swan, released a paper on Bitcoin (BTC), with Bitcoiners jumping on what they deemed numerous inaccuracies.
In his paper titled 'Bitcoin, Currencies, and Bubbles'...
MicroStrategy stock tanks with Bitcoin as S&P 500, Nasdaq rally
22.6.2021
MSTR shares declined by as much as 12% on Tuesday as the broader U.S. stock market showed signs of strength
As China Cracks Down on Bitcoin Miners, Stealth Miners and Mystery Hashrate Return
22.6.2021
While on the surface it seems officials from five provinces in China have been cracking down on bitcoin miners, no one is quite sure how much hashrate is moving, which pools are affected, or where these miners will end up. A number of mining pools have seen hashpower percentages decline...
Bitcoin price clings to $32K as on-chain metrics hint at further downside
22.6.2021
China’s continued crackdown on Bitcoin mining and OTC transactions, along with prolonged technical weakness, triggered BTC’s drop to a 6-month low
New Investments, Miner Migration, US Treasury Nominee on Crypto + More News
22.6.2021
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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Investments news
Investment firm VanEck filed a new draft prospectus for a bitcoin (BTC) futures mutual fund with the US Securities...
Biden nominee for Treasury Dept will prioritize crypto regulation
22.6.2021
"If I am confirmed, I will prioritize implementing that piece of legislation, including new regulations around cryptocurrency," said Brian Nelson
With crypto mining banned in Iran, local authorities seize 7K rigs
22.6.2021
The police chief of Tehran said authorities had raided 50 locations across the Iranian capital in the last 48 hours, discovering 3,000 illegally operating crypto miners
Iran Seizes 7,000 Bitcoin Mining Machines
22.6.2021
Iranian police have reportedly seized 7,000 bitcoin mining machines operating illegally in the country. The machines were found in an abandoned factory west of the capital. 7,000 cryptocurrency mining machines have been seized by Iranian authorities, state news agency IRNA reported Tuesday, noting...
Powers On... El Salvador is the unlikely leader for sovereign adoption of Bitcoin as national currency
22.6.2021
The question is not whether Bitcoin will be the future of money; the question is how, where and when it will be the future of money
Crypto Bears Claw Markets Lower, Bitcoin Price Drops Below $30K, Analysts Still Optimistic
22.6.2021
The price of bitcoin dropped to a new low in 2021, hitting $28,600 per unit Tuesday morning (EST). BTC has shed more than 10% in value over the last 24 hours and its market capitalization is now less than $600 billion. Bitcoin Price Plunges Below $29K Cryptocurrency markets have seen better days...
Bitcoin Dips Below USD 30,000
22.6.2021
The most popular cryptocurrency, bitcoin (BTC) dropped below the USD 30,000 threshold today, while altcoins bleed even more.
Last Tuesday, its price was c. USD 40,500. Since then, the price fell nearly 27% in a week, while in the last 24 hours, it's down more than 9% - trading at USD 29,732...
A ‘seismic mining shift’ may be driving Bitcoin price below $30K: Report
22.6.2021
The benchmark cryptocurrency slipped briefly under the $29,500-level this Tuesday as a Glassnode report indicated possibilities of miner capitulation in China
PayPal, Visa & Other Investors Double Down On Their Crypto Investments
22.6.2021
Crypto- and blockchain-focused venture capital firm Blockchain Capital said it has raised USD 300m for its Fund V, with PayPal and Visa among the traditional investors who are still showing interest in the crypto industry.
"The fund was heavily oversubscribed at its [USD] 300 million hard...
Bit Mining Moving 3,000 Bitcoin Mining Machines to Kazakhstan Following China Crackdown
22.6.2021
Shenzhen-based Bit Mining has started shipping bitcoin mining machines to Kazakhstan as the Chinese government cracks down on bitcoin mining operations in the country. Bit Mining Ltd., a mining company based in Shenzhen, announced Monday that “it had successfully delivered its first batch...
Hedgeye: This Model Predicts Bitcoin at $1,000,000
22.6.2021
Analysts at Hedgeye Risk Management, an investment research and financial media company based in Stamford, Connecticut, have analyzed the Bitcoin stock-to-flow argument. This framework suggests Bitcoin’s price potentially reaching $1 million by the latter half of 2020s, and as much as...
Bitcoin drops below $30K to 6-month lows: Watch these next price support levels
22.6.2021
Downward selling pressure sees Bitcoin swiftly take out $30,000 support as Binance users report technical difficulties
Bitcoin and Ethereum Target Additional Losses, XRP, ADA Slide
22.6.2021
Bitcoin price is struggling to recover above the USD 33,500 resistance zone. BTC is currently (11:45 UTC) moving lower and trading below USD 32,000. It seems like the bears are aiming for a test of USD 30,000 in the near term.
Similarly, most major altcoins are gaining bearish momentum. ETH is down...