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‘Legalize Crypto,’ Urges Ukrainian Cybercrime Chief
27.5.2021
The head of the Ukrainian cyberpolice has called for crypto to be legalized – claiming that “most criminal activity” is now conducted using crypto.
In an interview with RBC’s Ukrainian service, the cyberpolice chief, Oleksandr Grinchak, stated that “legalizing” and “moving cryptocurrency into...
Veriblock Reveals Initiative to Recycle Bitcoin’s Energy Consumption by Securing Dogecoin
27.5.2021
On Wednesday, the Veriblock project, a blockchain that leverages the implementation of proof-of-proof (PoP) consensus, announced an initiative to secure the Dogecoin blockchain using Bitcoin. The Veriblock Foundation believes the effort counters the hostile ‘Blood Bitcoin’ narrative...
SEC begins formal review of Fidelity, SkyBridge Bitcoin ETF applications
27.5.2021
Fidelity’s Wise Origin Bitcoin Trust and the First Trust SkyBridge Bitcoin ETF are now under review by regulators, according to paperwork filed earlier this month
Nvidia Makes $155 Million From Crypto Mining Chips in Fiscal Q1
27.5.2021
Graphics cards manufacturer Nvidia has earned $155 million in revenue from chips designed for cryptocurrency mining during the first fiscal quarter. The company admitted that crypto miners have also pushed sales up in the gaming products segment which remains its main market. Leading GPU Maker...
Time to End US Crypto Tax Declaration ‘Forensic Exercise’ – Expert
27.5.2021
A USA-based tax expert has hinted that the ball may be in the Internal Revenue Service (IRS)’s court when it comes to taxing crypto – and suggested that most crypto investors are not tax dodgers, but simply require a non-“forensic” solution to filing taxes on their earnings.
The comments were made...
3 ways traders use moving averages to read market momentum
27.5.2021
The 20-day EMA and 50-day SMA are often used by traders to observe the market’s momentum and calculate the best time to enter and exit an asset
White House Defends Trillion-Dollar Stimulus While Jamie Dimon and Larry Summers Warn of Runaway Inflation
27.5.2021
On Wednesday the White House defended President Joe Biden’s trillion-dollar spending proposals despite the criticism concerning rising inflation and low-interest rates. Inflation has risen at unprecedented levels in the U.S. and the average American’s purchasing power is growing less...
Fold's Bitcoin Cashback Card, Biden's Trillions, Checking & Fixing Coinbase + More News
27.5.2021
Source: A screenshot, Instagram/potus
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
Fold, a bitcoin (BTC) rewards app, announced a USD 13m series A round to fuel...
Cryptocurrency Mining Banned in Iran as Blackouts and Power Shortages Intensify
27.5.2021
Iranian President Hassan Rouhani has announced that cryptocurrency mining is banned in Iran, effective immediately. The ban, which will last until Sept. 22, is imposed as many cities in the country are facing major power blackouts. Iran has banned cryptocurrency mining effective immediately...
Knowledge of Crypto on the Rise, Encouraging Investment - Survey
27.5.2021
Consumer understanding of cryptocurrencies appears to be trending higher, as 29% of respondents to a recent survey, conducted by payments platform Paysafe's digital wallet Skrill, declared they now knew more about cryptocurrencies than they had the same time a year ago. Moreover, some 26% said they...
Bitcoin tackles $40,000 as Biden unveils new $6 trillion federal spending budget
27.5.2021
The money printer is going brrr in the United States of America
New Investors Led Crypto Selloff Last Week, Miners Had Limited Effect
27.5.2021
Bitcoin (BTC) miners did send more BTC to exchanges at the end of last week, but so did others, according to Phillip Gradwell, Chief Economist at on-chain analytics and intelligence firm Chainalysis, which suggests that miners did not drive further price declines. Meanwhile, most of the BTC...
Carbon-neutral Bitcoin funds gain traction as investors seek greener crypto
27.5.2021
Steps are being taken to ensure green Bitcoin options for investors, but this may only serve as a short-term solution to a long-term problem
Executives from China’s Largest Bitcoin Mining Firms Speak About Regulatory Crackdown
27.5.2021
During the course of the week, the cryptocurrency community has been focused on China and the country’s Financial Stability Board detailing that it aims to crack down on the bitcoin mining sector. Following the statements from Chinese officials and a few crypto businesses abandoning services...
GamerHash (GHX) Token Is Now Listed on Bitcoin.com Exchange
27.5.2021
PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of GHX, being available to trade on the 27th May 2021 at 10:00AM UTC. GHX (GamerCoin) was created by the GamerHash team, as an incentive for the miners within the app and as a reward for carrying out the tasks on...
Bitcoin and Ethereum Target Fresh Weekly Highs, Altcoins Turn Attractive
27.5.2021
Bitcoin price remained well supported above the USD 37,000 level. BTC started a fresh increase and it surpassed the USD 38,500 level. It is currently (12:20 PM UTC) showing positive signs and it might surge above USD 40,000 and USD 40,500.
Similarly, most major altcoins are trying to gain bullish...
Paypal to Allow Cryptocurrency Withdrawals to Third-Party Wallets
27.5.2021
Payments giant Paypal will soon allow its users to transfer cryptocurrencies away from its platform to third-party wallets, the company’s head of cryptocurrency reportedly revealed. Paypal has been seeing tremendous growth in its crypto business. Paypal to Support Crypto Transfers...
Number of Bitcoin wallets holding 100-1K BTC soars after Tesla's $1.5B buy-in
27.5.2021
New data shows a dramatic rise in the number of Bitcoin wallets holding anywhere between 100 BTC to 1,000 BTC, but there may be a catch
SEC’s Head Wants to 'Fill in the Gaps' in Crypto Investor Protection
27.5.2021
Gary Gensler. Source: a video screenshot, Youtube/Bloomberg Markets and Finance
Gary Gensler, Chairman of the US Securities and Exchange Commission (SEC), told US lawmakers that he wants to work with other regulatory agencies and the Congress to “fill in the gaps of investor protection in these...
Chia Is Eyeing to Launch an IPO This Year
27.5.2021
Chia, a cryptocurrency project created in 2018 that uses storage for its consensus, is eyeing a public offering this year, according to statements from its COO, Gene Hoffman. The company just received an influx of investments that are pointing it to become the next ‘green bitcoin...