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'Red Alert' Crypto Campaign Gathers Support to Amend US Infrastructure Bill
5.8.2021
Numerous US crypto advocates have launched an ambitious campaign aimed at driving up support for an amendment to a controversial infrastructure bill – claiming that the legislation would usher in “sweeping surveillance of crypto holders.”
An updated version of the bill – which would seek to fund...
Ray Dalio Prefers Bitcoin Over Bonds, But Gold Over Bitcoin
5.8.2021
Ray Dalio. Source: A video screenshot, Youtube/ Principles by Ray Dalio
After his recent statement that he would personally pick bitcoin (BTC) over a bond, founder of major investment firm Bridgewater Associates Ray Dalio is back with more food for thought. The legendary investor claims that while...
Uruguay Senator Sartori Unveils Crypto Adoption and Regulation Bill
5.8.2021
Juan Sartori. Source: Twitter/@JuanSartoriUY
A powerful young Uruguayan entrepreneur and senator has launched a bid that might ensure that businesses in the country can legally accept crypto as payments.
Juan Sartori, 40, is the founder of the Union Group conglomerate and the co-owner and director...
JPMorgan Offers Private Bank Clients Access to Bitcoin Fund – Report
5.8.2021
The US-based financial heavyweight JPMorgan has reportedly offered its Private Bank wealth management clients access to an “in-house bitcoin (BTC) fund,” marking a remarkable u-turn for a financial institution whose CEO has been nothing short of openly hostile toward the token and the world...
Bitcoin Recovers As Ethereum Surges, Altcoins Turn Green
5.8.2021
BTC price tested the USD 37,500 zone before it started a stronger upward move. It broke the USD 39,000 resistance and it is currently (04:29 UTC) testing the USD 39,500 level.
Similarly, most major altcoins are showing positive signs. ETH outperformed BTC and rallied around 9%. XRP is holding gains...
DACH Funds May Inject USD 657B In Digital Assets Within 3 Years - Report
4.8.2021
Source: AdobeStock / by-studio
Within three years, between USD 100bn and USD 657bn could be injected into the digital asset market from the DACH region which comprises the German-speaking countries of Germany, Austria, and Switzerland, according to a report released by Russian tech-focused think...
Bakkt, Binance, MoonPay, And Voyager Bring New Payment Solutions + More News
4.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Adoption news
Digital asset marketplace Bakkt Holdings has announced that they have partnered with quick-service restaurant Quiznos to launch...
Crypto Loans Still Booming, Bitcoin Losing Its Share
4.8.2021
Digital currency prime brokerage Genesis said its new loan originations increased almost 700% year-over-year to an all-time high of USD 25bn in this year's second quarter and were also 60% higher than in the first quarter this year. Also, bitcoin (BTC) is losing its share in their...
This Is How Musk’s and Saylor’s Tweets Steer Bitcoin Price
4.8.2021
As crypto influencers such as Tesla's chief Elon Musk and MicroStrategy’s boss Michael Saylor continue to tickle millions of their followers with crypto-related tweets, recent findings show that their social media activities exert opposing effects on the prices of cryptocurrencies such as bitcoin...
Bitcoin and Ethereum Target Fresh Lows, LUNA Rallies
4.8.2021
Bitcoin price broke the USD 38,500 support level. BTC even extended its decline below USD 38,000. It is currently (04:28 UTC) consolidating losses and it seems like there is a risk of more downsides towards the USD 37,000 level.
Similarly, most major altcoins struggle to rise. ETH could extend...
South Korea’s Ruling Party Hints at Increased Crypto Leniency
4.8.2021
The ruling South Korean Democratic Party’s crypto task force is discussing a plan to “institutionalize corporate transactions” on crypto exchange platforms with the nation’s nine leading exchanges – a further sign, perhaps of an impending regulatory climbdown.
More details of a key meeting held...
US Infrastructure Bill Hurts Privacy, Innovation & Decentralization - EFF
3.8.2021
Source: Adobe/DEN_EFC
The US Senate draft of President Joe Biden's infrastructure bill "contains a poorly crafted provision that could create new surveillance requirements for many within the blockchain ecosystem" - potentially including developers and other entities who do not control...
Polish Lawmakers Press Finance Ministry on Crypto Firms' Bank Accounts
3.8.2021
In the light of Poland’s looming crypto exchange regulations, a group of lawmakers has filed a request for information to the country’s Ministry of Finance, asking whether the ministry plans to facilitate making bank deposits for Polish crypto companies, and if it aims to develop regulations...
Pantera CEO Trims Bitcoin Price Forecast For 2021, Sees ETH Outperforming
3.8.2021
Dan Morehead. Source: A video screenshot, Youtube/Real Vision Finance
After earlier estimations that bitcoin (BTC) might hit USD 115,000 by August failed to materialize, Dan Morehead, CEO and Founder of Pantera Capital, lowered the estimated price tag for this year and said that ethereum (ETH) will...
Bitcoin and Ethereum Struggle, Altcoins Correct Lower
3.8.2021
Bitcoin price settled well below the USD 40,000 pivot level. BTC even broke the USD 39,200 support level and extended its decline. It is currently (04:26 UTC) showing bearish signs and it could continue lower below USD 38,000.
Similarly, most major altcoins are struggling to gain traction....
Smaller South Korean Crypto Exchanges Begin to Shutdown, Suspend Services
3.8.2021
A number of smaller South Korean crypto exchanges have announced their imminent closure – throwing in the towel in their struggle to meet a fast-approaching regulatory deadline that is threatening to derail the nation’s crypto trading platform industry.
Per Joongang Ilbo, the latest exchanges...
NCR Corporation plans to purchase Bitcoin ATM company LibertyX
2.8.2021
LibertyX currently services 20,000 retail stores in the U.S. with 9,500 crypto ATMs
Moody's Warns El Salvador, PayPal in Ireland, Crypto Investment Flows + More News
2.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Adoption news
Proclaiming bitcoin (BTC) legal tender reflects El Salvador’s weakened governance and has raised tensions with international...
Nigeria’s Legal Operants Dread the Widespread BTC Adoption
2.8.2021
The eminent digital asset ‘Bitcoin’ world over has a record of being the second most appropriated virtual funds exchange in the Nigerian FinTech ecosystem. Regarding BTC cryptocurrency exchanges, Nigeria is listed right after the number one spot of the United States by trading platform Paxful....
Updated Infrastructure Bill Still ‘Unacceptable’ for US Crypto Industry
2.8.2021
Heavyweight critics are gunning for a controversial new bill that they claim will see the United States “essentially abandon” the “fintech revolution” if passed into law.
The bipartisan measure, which addresses a range of infrastructure-related measures, could raise up to USD 28bn from crypto...