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Singapore vs. Binance, Investment Giant Looks for Crypto Traders + More News
2.9.2021
Singapore. 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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Exchanges news
Singapore’s financial regulator, the Monetary Authority of Singapore (MAS), said that Binance may be in breach...
Bitcoin Again Looking Bullish as Price Tests USD 50K
2.9.2021
The price of the number one cryptocurrency bitcoin (BTC) once again traded above the key USD 50,000 level today, as technical analysts say the price is in “an interesting spot,” and on-chain metrics appear strong.
At the time of writing (11:08 UTC), bitcoin was up by 5% for the past 24 hours....
UK Students Turn To Crypto Investments Amid Financial Woes
2.9.2021
A rising number of UK students are turning to investing in cryptocurrencies to finance their living costs. Since last year, the share of students who make money from crypto has tripled from 2% to 6%, according to a recent survey by British financial advice website Save the Student.
The National...
Bitcoin Nears USD 50K, Ethereum, Cardano Rally
2.9.2021
Bitcoin price remained well bid above the USD 46,500 level. BTC started a fresh increase above the USD 48,500 resistance level. It is currently (04:25 UTC) trading above USD 49,200 and it might soon clear USD 50,000.
Similarly, many major altcoins gained bullish momentum. ETH is up almost 9% and...
Colombian Bank Begins Second Phase of its Crypto Pilot with Exchanges
2.9.2021
Source: A screenshot, Instagram/bancodebogota
Colombia’s oldest commercial bank, the Banco de Bogotá, has begun the next stage of a crypto pilot that will allow 5,000 of its customers to make and receive payments using tokens hosted on the platforms of two major crypto exchanges.
As reported,...
Unapproved Bitcoin Mining Plant Forced to Close Shop
1.9.2021
Noise complaints from residents of an affluent estate community in the Canadian province of Alberta lead to a months-long investigation which discovered a Bitcoin (BTC) mining operation that had been set up without approval - and now has to shut down.
Vancouver-based Link Global is the name of...
Twitter Beta Testing Bitcoin Lightning Network Tipping + More News
1.9.2021
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
Social media giant Twitter is now beta testing a Bitcoin (BTC) Lightning Network tipping service, according to multiple...
Canadian Tax Agency Launches Audit To Thwart Crypto Tax Evasion
1.9.2021
The Canada Revenue Agency (CRA) is increasingly targeting crypto traders who have not yet reported their profits from transactions as part of a large scale audit implemented by the tax agency’s Cryptocurrency Section.
The crackdown was signaled by Norman MacDonald, head of tax litigation at...
Craig Wright’s Invitation to Elon Musk to Discuss Bitcoin & Blockchain Issues
1.9.2021
Craig Wright, the author of the Bitcoin white paper, has extended a personal invitation through a video message to Tesla CEO, Elon Musk to talk about Bitcoin and blockchain issues at the next CoinGeek Conference on October 5 to 7, taking place at The Sheraton, Times Square in New York. You and...
El Salvador Parliament Green-lights USD 150M Bitcoin Fund as Critics Scoff
1.9.2021
Bitcoin (BTC) path to becoming legal tender in El Salvador cleared another hurdle, with parliament approving a bill to launch a USD 150m adoption fund – but government critics continue to voice their discontent.
The fund’s approval by the National Assembly was never in doubt due to the size of...
Bitcoin Faces Resistance While Ethereum and Altcoins Rise
1.9.2021
Bitcoin price struggled to stay above the USD 48,000 level and it started a fresh decline. BTC traded below the USD 47,500 support level. It is currently (04:28 UTC) facing an increase in selling pressure, with a major support near USD 46,200.
Conversely, many major altcoins gained bullish...
European Commission Exploring Asset Register Option That May Include Crypto
31.8.2021
Within the EU’s war against money laundering (AML) and tax evasion, the European Commission (EC) is eyeing a European Union Asset Registry, and has recently launched a tender for a feasibility study of such a register - which will investigate the possibility of including cryptoassets owned by...
FTX.US Acquires LedgerX, MetaMask Gets 10M Monthly Users + More News
31.8.2021
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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Exchanges news
FTX.US, US-regulated crypto exchange and the American affiliate of global FTX International, announced that it has agreed...
Bullish Options Data Fuels Speculations on New Bitcoin Rally
31.8.2021
An unusually large number of bitcoin (BTC) calls to puts across bitcoin options exchanges hints at increased bullishness on the number one cryptocurrency among options traders.
The news of the unusually low put-to-call ratio was first shared by the crypto market analytics firm Laevitas, which...
Man Fakes Own Kidnapping and Runs Off with USD 1.15M in Clients’ Bitcoin
31.8.2021
The head of the biggest police agency in Venezuela says that a crypto go-between appears to have faked his own kidnapping as part of an audacious bid to disappear with some USD 1.15m worth of his customers’ bitcoin (BTC) funds.
Per El National and an Instagram post from Douglas Rico, the head...
Biden’s Administration Pushes For 'Last-Minute' Crypto Additions In Infra Bill
31.8.2021
Joe Biden. Source: A screenshot, Instagram/potus
US President Joe Biden’s administration is urging Democrats to include more rules on tax compliance for crypto transactions in the forthcoming USD 3.5tn budget reconciliation package. This comes after the Senate-passed infrastructure bill that...
Coinbase Tries to Claw Back ‘Trust’ with Bitcoin Handouts after 2FA Gaffe
31.8.2021
The American crypto exchange giant Coinbase has vowed to win back the “trust” of the customers it spooked with a blunder that saw it send “roughly 125,000” people “erroneous notifications” about changes made to the security settings on their accounts. And the firm has been hoping to quell disquiet...
Bitcoin Struggles Below USD 48K, SOL Extends Rally
31.8.2021
Bitcoin price failed to continue higher above USD 49,000 and started a fresh decline. BTC broke the USD 48,000 support level and it even traded below USD 47,000. The current (04:39 UTC) price action is somewhat negative, with a major support near USD 46,200.
Similarly, most major altcoins...
Think Tank Tells South Korean Banks: Start Offering Crypto Custody Services
31.8.2021
A research paper from an influential South Korean think-tank has recommended that banks enter the crypto custody and blockchain-as-a-service (BaaS) spaces to end their reliance on interest-based income sources.
Per the news agency Yonhap, Lee Soon-ho, a senior researcher from the Seoul-based Korea...
Pay Tax on Your Bitcoin Profits or Face Punishment, Mexican Auditor Warns
30.8.2021
An auditor has warned that Mexicans must pay tax on bitcoin (BTC) and altcoin trading profits – or run the risk of becoming earmarked as money-laundering offenders.
Per the news agency EFE, via El Nacional, Fidel Ortiz, the director-general of the accountancy FIXAT, claimed that BTC investment...