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Banks Protest Crypto Firms' Claim to Federal Reserve Payments Systems


Crypto businesses are seeking access to the US Federal Reserve’s (FED) payments systems that legacy finance institutions use to move money around swiftly. However, in a bid to protect their privileged position in the US financial system, banks are protesting against providing crypto companies with...

Decentralized Bitcoin Exchange, USD 100M DeFi Initiative + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. _____ Exchanges news Payment giant Square and social media giant Twitter CEO Jack Dorsey said that Square's new division focused on creating...

Congressional Researchers Remind Of Crypto Regulations Risks


The US Congressional Research Service (CRS) is reminding lawmakers of trade-offs and risks related to potential forthcoming crypto regulations spearheaded by the US administration. At the same time, US Senators are developing proposals in a bid to protect the interests of crypto investors. The...

El Salvador: Government Supporters Dismiss Bitcoin ‘Protests’


Source: A video screenshot, Reuters With just days to go until bitcoin (BTC) becomes legal tender in El Salvador, resistance to crypto adoption is continuing – while pro-BTC advocates are dismissing opposition to adoption and looking forward to the dawn of a new financial paradigm. Reuters (via...

Bitcoin and Ethereum Stuck In Range, Altcoins Consolidate


Bitcoin price managed to stay above the USD 47,200 support zone. BTC climbed higher, but there was no upside continuation above USD 49,500. The price started a fresh decline within a range and it is currently (04:28 UTC) trading below the USD 48,500 support zone. Similarly, most major altcoins...

Russian Miner Has His Video Cards Stolen – By Balcony-Scaling Neighbor


Source: AdobeStock / Prostock-studio A Russian miner was robbed of his video cards by his next-door neighbor – who police say climbed over the man’s balcony to steal his hardware. According to the Kursk branch of the Office of the Ministry of Internal Affairs and the local media outlet Kurskie...

South Korean Regulator Creates New Crypto Exchange Policing Unit


The South Korean financial regulator is set to appoint a number of new crypto officials, and forms a new crypto department. But its probable new chief has reiterated assertions that there will be no stay of execution for scores of crypto exchanges that could be forced to close as a result of...

Digital Rupee Trial, No Tech to Implement Crypto Travel Rule + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. CBDC news The Reserve Bank of India (RBI) could commence preliminary central bank digital currency (CBDC) trials before the end of the year,...

Man Sues Parents Of Boys Accused Of USD 780K Bitcoin Heist


A US citizens is suing the parents of two then-minors who had allegedly stolen three quarters of a million dollars worth of bitcoin (BTC) some three years ago. In 2018, US citizen Andrew Schober was robbed of BTC 16.4, with a current value of about USD 780,000. In 2021, the victim claims...

Bitcoin and Ethereum Show Signs of Life, Cardano Gain Traction


Bitcoin price remained stable above the USD 46,500 support level. A base was formed above USD 46,500 and BTC started a recovery wave. It is currently (11:45 UTC) trading above USD 47,000, with a major resistance near USD 48,500. Similarly, most major altcoins are slowly recovering higher. ETH...

Wave of Adoption Continues: Cuba Set to Recognize Cryptocurrencies


The government of Cuba has announced it will recognize cryptocurrencies and regulate their use for payments on the Caribbean island. A resolution published in the Official Gazette said that the Banco Central de Cuba (BCC), the country’s central bank, will develop a set of rules for crypto,...

Spanish Crypto Exchanges to Discover Their Fate by October


The Spanish central bank will roll out its new registration process for crypto exchanges operating in the nation by October. Exchanges have been in limbo since April this year, when parliament passed a new law aimed at tackling the spread of money laundering and terrorist financing. The law states...

Bitcoin, Ethereum and Altcoins Extend Losses


Bitcoin price failed to recover above USD 49,000 and started a fresh decline. BTC traded below the USD 47,500 and USD 47,200 support levels. The current (11:45 UTC) price action is showing bearish signs and BTC could continue to move down towards USD 46,000. Similarly, most major altcoins...

24 Crypto Exchanges to Close in South Korea – and 18 More Could Follow


Only a third of South Korean crypto exchanges have met the “minimum requirements” to register with the financial regulator ahead of next month’s deadline – with 24 already all but confirming they will close. But political pressure is mounting on the regulator, with a growing group of MPs pushing...

Asian Lonely Hearts Falling Victim to Bitcoin, Tether Scammers


More Asian lonely hearts are reportedly being tricked out of their hard-earned money – and tokens like bitcoin (BTC) and tether (USDT) – by a growing number of scammers who prey on the unsuspecting users of dating apps. Several reports from the region have recounted how romance-seeking smartphone...

Recovering Hash Rate, Improving Metrics Indicate Market Rebound - Report


The recovering hash rate indicates that some mining operations are beginning to return online in new locations outside of China, and the worst of the crackdown could be over, according to a recent analysis by crypto financial intelligence provider CoinMetrics. With mining operations moving out...

Bitcoin Mining Difficulty Takes Another Large Step Up, As Miners Reposition


On Wednesday, Bitcoin (BTC) mining difficulty has just jumped once again, for the third time in a row, forming a new increase streak, as previously discussed. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, jumped by 13.24%, reaching 17.6 T. This is...

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