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Korbit Reopens Offline Customer Service Center in Seoul’s Busy Gangnam
11.8.2021
Trading volumes may have dipped recently at crypto exchanges in South Korea and regulatory issues continue to plague the industry, but some trading platforms are staying positive – and the nation’s first-ever exchange has taken the bullish step of reopening its flagship bricks-and-mortar customer...
VanEck takes new approach with SEC, files for Bitcoin Strategy ETF
10.8.2021
SEC chair Gary Gensler recently hinted he would be more open to accepting ETFs based on crypto futures rather than through direct exposure
SEC’s Pierce Returns to the Warpath to Criticize Poloniex Settlement
10.8.2021
Source: A screenshot, Youtube/CNBC Television
One of the commissioners of the America financial regulator, the Securities and Exchange Commission (SEC), has launched another blistering attack on her own organization after the Poloniex crypto exchange agreed terms on a circa USD 10.4m settlement...
Venmo's Cash Back to Crypto, Investment Flows + More News
10.8.2021
Source: Adobe/Игорь Головнёв
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
Venmo said it has launched Cash Back to Crypto, a new way for Venmo Credit Card customers...
US Senate Passes Infrastructure Bill
10.8.2021
The US Senate passed a USD 550bn infrastructure plan with the original crypto tax provision.
"Next, the bill goes to the House, which is in recess until September 20. We don't know yet if we'll have a chance to make amendments there," according to Jake Chervinsky, the General Counsel...
Crypto Trader’s Murder Blamed On Social Media Bragging
10.8.2021
Source: _pessano / Instagram
In what some see as yet another cautionary tale, the recent tragic killing of teenage Brazilian crypto trader Wesley Pessano Santarem has been linked to the lavish lifestyle the victim had been showcasing on his social media accounts - reminding crypto holders of...
'A Code Red for Humanity' and a Reminder for Bitcoin Miners
10.8.2021
Source: Adobe/Андрей Трубицын
The Bitcoin (BTC) mining industry might want to accelerate its transition to green energy sources and decrease the risks of another regulatory pushback as the world’s top climate scientists have stated that "human influence has warmed the climate at a rate that...
Crypto Industry Finds Bright Side after Infra Bill Amendment Fails
10.8.2021
The Apotheosis of Washington in the eye of the US Capitol Building's Rotunda depicts George Washington rising to the heavens in glory, flanked by female figures representing Liberty and Victory/Fame and surrounded by six groups of figures. The sun has all but set on hopes of amending...
Bitcoin and Ethereum Hold Uptrend Support, Altcoins Rally
10.8.2021
Bitcoin price remained supported above the USD 43,200 zone. BTC started a fresh increase and it was able to climb above the USD 45,000 resistance. It even almost tested USD 46,500 and it is currently (05:10 UTC) consolidating gains.
Similarly, most major altcoins are rising steadily. ETH is holding...
Central Bank Admits: Crypto Will Be Used as an Investment Tool
10.8.2021
South Korea’s central bank, the Bank of Korea (BOK), has issued a surprisingly crypto-friendly report about the role crypto may play in the economy of the nation going forward – and questioning whether bitcoin (BTC) and altcoins could “replace legal currencies” in the years to come.
There were also...
Poloniex Settles With the SEC, New Digital Yuan Giveaway + MOre News
9.8.2021
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
Poloniex has agreed to pay nearly USD 10.4m to settle charges for operating an unregistered online digital asset exchange...
Lack Of Knowlege Is More Important Than Volatility For Crypto Newcomers
9.8.2021
Now knowing enough about cryptocurrencies is the main barrier to higher adoption, substantially exceeding volatility or other often cited reasons, according to a recent survey by payments data and news provider PYMNTS and crypto payments processor BitPay.
Based on data obtained from 8,008...
Bitcoin Rallies Above USD 45K, Ethereum Reclaims USD 3K
9.8.2021
Bitcoin price remained well bid above the USD 43,000 support zone. As a result, BTC started a fresh increase above the USD 44,500 and USD 45,000 resistance levels. It is currently (12:14 UTC) showing positive signs and there are chances of more upsides above USD 46,500.
Similarly, most major...
Ukraine Might Allow Indirect Crypto Pay, Will Regulate Exchanges
9.8.2021
Ukraine could be set to allow its citizens to “protect their wealth” in cryptoassets, a minister has claimed – but will move to block direct crypto-powered payments and will regulate exchange in line with “international” guidelines.
In an interview with Minfin, Oleksandr Bornyakov, the Deputy...
Bitcoin and Ethereum Correct Gains, Bulls Remain Active
9.8.2021
Bitcoin price gained momentum after it settled above the USD 40,000 resistance. As a result, BTC broke the USD 42,000 and USD 43,500 resistance levels. It is currently (04:30 UTC) correcting lower, but the bulls might remain active near USD 43,000 too.
Similarly, most major altcoins are also...
Bitcoin Tests USD 45K, Ethereum Above USD 3K, Dogecoin Rallies
8.8.2021
The crypto market continued its rally on Sunday, with bitcoin (BTC) surpassing USD 45,000 for the first time since May and ethereum (ETH) inching higher above USD 3,000. Meanwhile, dogecoin (DOGE) is the best performing coin among the top 100 cryptoassets today.
At 09:34 UTC, BTC trades at...
Billionaire 'Most Intrigued' By Crypto Despite Regulatory Pushback + More News
6.8.2021
"Old" Bitcoin Outperforms Upgraded Ethereum
6.8.2021
Bitcoin price gained traction above the USD 39,000 and USD 40,000 resistance levels. BTC is back in a positive zone and it seems like the bulls might aim for a test of USD 42,500. It is currently (12:24 UTC) trading above USD 40,000 and dips might remain limited.
BTC is the second-best (+8%)...
Binance Halts Derivatives Offerings To Users In Hong Kong Also
6.8.2021
Crypto exchange giant Binance has is imposing restrictions on openings of new derivatives products accounts in Hong Kong, and providing users from the Chinese special administrative region with a grace period of 90 days to close their open positions.
“We will be restricting Hong Kong users...
‘Wrong Kind’ of Bitcoin ETF Head for US Approval as Futures Bids Made
6.8.2021
Bitcoiners have been waiting for American regulators to green-light a bitcoin (BTC) exchange-traded fund (ETF) for what seems like ages. And although it looks like they are finally close to a breakthrough, it turns out that after all the fuss, they might end up with the wrong kind of BTC ETF after...