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Bitcoin, Ethereum and Altcoins Approach Key Supports
25.8.2021
Bitcoin price failed to recover above USD 49,000 and started another decline. BTC traded below the USD 48,000 support level, broke USD 47,500 and is currently (04:00 UTC) struggling to recover losses.
Similarly, most major altcoins are moving lower. ETH extended its decline below USD 3,150 and even...
USD ‘Going Down’ Says Crypto-Skeptic Billionaire Who Called BTC a ‘Lie’
25.8.2021
Jeffrey Gundlach. Source: A video screenshot, Youtube/Real Vision Finance
A prominent Wall Street billionaire known as the Bond King, a man who once called himself a “long-term dollar bear,” has launched a scathing attack on the USD. The DoubleLine Capital boss Jeffrey Gundlach opined that...
8 Crypto Mining Apps Exposed as Fakes - And 120 More are Still in Business
25.8.2021
Source: AdobeStock / fran_kie
Eight cryptocurrency cloud mining apps that pretended to offer crypto such as bitcoin (BTC) and ethereum (ETH) to users in return for investments into cloud-mining operations were recently found to be fakes, tricking users into watching ads and paying for subscription...
Kraken Donates to Ethereum Foundation, PAX Becomes USDP + More News
24.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Blockchain news
Crypto exchange Kraken has announced they will donate USD 250,000 to the Ethereum Foundation to support developer teams working...
Older Bitcoins Being Spent as Price Climbs, On-Chain Data Shows - Glassnode
24.8.2021
Following the higher bitcoin (BTC) prices seen over the past few weeks, the proportion of old bitcoins that are spent on the network has once again increased, a new report from on-chain analytics firm Glassnode shows.
According to the firm, some long-term bitcoin holders have taken advantage of...
A Crypto ‘Coin Run’ Could Be Brewing in South Korea
24.8.2021
A leading South Korean media outlet and industry experts have warned that a “coin run” could take place next month as the likelihood of a mass of crypto exchange closures increases.
In a video report, the national broadcaster KBS reported that a glut of crypto liquidations could be on the cards...
MicroStrategy Spends Another USD 177M on Bitcoin
24.8.2021
The first publicly-traded company to put bitcoin (BTC) on its balance sheet as a primary treasury reserve asset, US-based software intelligence firm MicroStrategy, announced yet another purchase of bitcoin.
This time, the company acquired BTC 3,907 for approximately USD 177m in cash at an average...
Swiss Crypto Train in Motion: Crypto Payments to 85K Merchants, New Tokenised Products
24.8.2021
More than 85,000 merchants in Switzerland are now accepting crypto payments from their customers, powered by a partnership established by French payment services provider Worldline and crypto-focused financial services firm Bitcoin Suisse, paving the way for an increased crypto adoption in one...
Watch: Spanish Police Bust a Suspected 111-rig Crypto Mining ‘Farm’
24.8.2021
Source: Screenshot, Policía Nacional, Twitter
Spanish police have captured a raid on a suspected illegal underground crypto mining facility on video – breaking into a private house that was allegedly housing over 100 functioning mining rigs.
In a video shared by the National Police, officers were...
Crypto, NFT Adoption with Visa, PayPal, Substack, Marvel + More News
23.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
NFT news
Payments technology company Visa has announced it has bought a CryptoPunk as it enters into the world of non-fungible token (NFT)...
Chinese Court Says Crypto is ‘Not Protected By Law’
23.8.2021
In a landmark ruling that could shake China’s crypto scene, the Supreme Court of the Shandong province has ruled that cryptocurrency “was not protected by law” after deliberating on a case that involves a potential fraud related to the purchase of tokens, as reported by The South China Morning...
A Tale of Two Hacks: Poly Hacker Bows Out, Liquid to Restore Operations
23.8.2021
In the aftermath of the recent hacks that targeted interoperability protocol Poly Network and Japanese crypto exchange Liquid, both entities are signalling efforts to restore their operations, as well as freeze and return the stolen assets. Amidst all that, Poly Network's hacker has apologized...
Bitcoin (BTC) Crosses the $50k Psychological Mark
23.8.2021
Bitcoin has been considered digital gold since the very beginning because of its scarcity and durability. Bitcoin has a huge potential to move upwards and even realize the long-term targets of $100,000 that experts have presented for this cryptocurrency since 2016. The environmental impact of using...
American Regulators Could Be Set to Poop Bitcoin USD 50K Party
23.8.2021
Bitcoin (BTC) may have broken through the key USD 50,000 barrier, but crypto investors might be wise to keep their champagne on ice – with United States politicians and regulatory bodies possibly gearing up to the crash the celebrations later this week.
The token is now trading just over USD 50,000...
Bitcoin Reclaims USD 50K, Ethereum and Cardano Gain Strength
23.8.2021
Bitcoin price formed a support base above the USD 47,000 and USD 48,000 levels. As a result, BTC started a fresh increase above USD 49,500. There was a clear break above USD 50,000 and the price is currently (04:00 UTC) showing a lot of positive signs.
Similarly, most major altcoins are gaining...
South Korean Crypto Exchanges Plead for 6 Months of Regulatory Mercy
21.8.2021
Source: AdobeStock / Chee-Onn Leong
South Korean blockchain organizations have told regulators that it will be impossible for the nation’s crypto exchanges to meet a September 24 registration deadline and want six more months to prepare – although it looks like their pleas may have fallen on deaf...
Binance Tightening KYC Procedure, The Screaming Sheep NFT + More News
20.8.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Crypto exchange Binance has announced they have tightened the customer verification requirements on their platforms, as they extend...
Insurance on Crypto Exchanges Inches Up, KYC Still Weak - Report
20.8.2021
Cryptocurrency exchanges are showing an increase in their tendency to insure clients’ assets, both formally and in informal ways through insurance funds, a new report finds. On the other hand, know-your-customer (KYC) stringency is still weak on many exchanges, with around a third having poor...
Australian Police Makes Record Crypto Seizure With Dark Web Drug Bust
20.8.2021
Australia’s Victoria Police have collected close to AUD 8.5m (USD 6m) worth of cryptocurrency in its recent clampdown on dark web drug trafficking. The bust, which targeted a number of properties in the country’s south-eastern state of Victoria, is said to be Australia’s biggest crypto seizure...
Coinbase Plans to Spend More of its Cash on Crypto After USD 500M Buy
20.8.2021
Source: AdobeStock / photo_gonzo
The crypto exchange giant Coinbase has stated that it wants to spend even more of its profits on buying cryptoassets – but has admitted that its plans will hinge on the sector’s growth prospects.
The company and its CEO Brian Armstrong were speaking after Coinbase...