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PayPal Talks up ‘Crypto Capabilities’ of New App, Calls DeFi Applications ‘Interesting’
29.7.2021
The payments giant PayPal, that ended the second quarter with 403m active accounts, has teased a new “super app” that it says will feature “additional crypto capabilities,” claiming that the app is “code complete” and will be readied for rollout in the United States in the next few months.
The...
US Tax Bill Seeking USD 28B From Crypto Clears 1st Test, Amid Strong Criticism
29.7.2021
A US bipartisan infrastructure bill that might raise USD 28bn from crypto investors has been voted to advance, with a number of crypto industry insiders strongly opposing it.
The US lawmakers are looking into tightening the regulatory rope around crypto to squeeze more money out of the sector...
Bitcoin, Ethereum, and XRP Consolidate Gains
29.7.2021
Bitcoin price settled above the USD 39,500 level. BTC is currently (04:42 UTC) eyeing more gains above USD 40,000 and USD 40,500 that could set the pace for a larger increase towards USD 42,000.
Besides, most major altcoins are rising steadily. ETH must settle above USD 2,325 and USD 2,350...
Regulator Identifies ‘Fake’ Crypto Exchange Bank Accounts
29.7.2021
Source: Adobe/jon_chica
South Korea’s top financial regulator, the Financial Services Commission (FSC) said it has identified 14 “fake” bank accounts that are or have been used as fiat on/off ramps by domestic crypto exchanges.
The FSC examined a total of 94 accounts belonging to 79 crypto...
BIT Mining steps up Bitcoin mining operations in Kazakhstan
28.7.2021
The mining firm's expansion into Kazakhstan follows plans to introduce new energy fees for crypto miners starting in 2022
Signs of a Crypto Regulatory Climbdown from South Korea’s Ruling Party
28.7.2021
South Korean ruling party’s crypto task force has met with a number of major domestic crypto exchanges – an indication that it could advise the government to revise or even soften its hardline policy on regulation.
As reported, the next South Korean presidential election is scheduled to take place...
New Multimillion Crypto Investment Rounds, Binance Withdrawals + More News
28.7.2021
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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Investments news
Major Bitcoin miner Genesis Digital Assets has announced a USD 125m round of equity funding to purchase equipment...
Senator Elizabeth Warren Keeps Crypto FUD Fighters Busy Again
28.7.2021
Elizabeth Warren. Source: A video screenshot, Youtube/Bloomberg Politics
Popular US Democratic Senator Elizabeth Warren commented on crypto and central bank digital currencies (CBDCs) again, immediately mobilizing crypto advocates.
This time, the senator argued that "we have a lot of problems...
People 'Should Have Exposure' to Bitcoin - Horizon Kinetics Co-Founder
28.7.2021
Horizon Kinetics, a major independently owned and operated investment adviser, is betting on cryptocurrencies such as bitcoin (BTC) as a protection against rising inflation for their investors.
Morningstar describes Horizon Kinetics as one of this year’s best performing US fund managers and a...
Bitcoin Accelerates Above USD 40K, XRP Rallies
28.7.2021
Bitcoin price started a strong increase this week above the USD 32,000 and USD 35,000 resistance levels. BTC is showing positive signs, but it must settle above USD 40,000. If there is a daily and a weekly close above this level, the bulls might aim for an increase towards USD 45,000 in the coming...
Syntropy Launches Bitcoin Integration to Adopt Blockchain
28.7.2021
Syntropy, a renowned first-layer or layer Zero protocol or solution based on Blockchain, specializes in decentralizing the network that interconnects two or more devices or systems. This function is integral to the working of any cryptocurrency system. It is due to such technological solutions like...
Bankers Rush To Fix Cross-border Payments as Crypto Competition Hots up
28.7.2021
The banking industry looks set to go to war with crypto – and is attempting to beat coins and their proponents at their own game, with the Bank for International Settlements (BIS) following on the heels of the international payments network SWIFT in a fresh assault.
Yesterday, Cryptonews.com...
Bitcoin Plays With USD 40K, Ethereum, Altcoins Rally
28.7.2021
Bitcoin price remained well bid above the USD 36,000 and USD 36,250 levels. As a result, BTC started a fresh increase above the USD 38,000 resistance. It surged by 8%, tested the USD 40,000 barrier and it is currently (04:01 UTC) showing positive signs.
Similarly, most major altcoins are gaining...
S Korean MP Bids to Prevent ‘Crypto Crisis’ While Kimchi Premium Evaporates
28.7.2021
A South Korean lawmaker wants to throw struggling crypto exchanges a lifeline by forcing an extension to a fast-approaching regulatory deadline – while the so-called kimchi premium is shriveling away to oblivion.
Per EDaily and Hanguk Kyungjae, Cho Myung-hee, an MP from the main opposition People’s...
SWIFT Ups Competition with Crypto, Launches 'Fast, Transparent Payments' Service
27.7.2021
Global banking payments network SWIFT seems to be aiming to build itself as a stronger competition to cryptocurrencies - it has just launched a new service which they say allows businesses and consumers to send payments quickly, securely, and transparently directly from bank accounts.
SWIFT...
Binance Centralization, Bullish Pilot, Monero Bug, Mastercard Program + More News
27.7.2021
Changpeng Zhao, CZ. 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
Binance wants to set up regional headquarters and be recognized by local regulators as a financial...
'Facts' That We 'Know' About Crypto are 'Wrong' - Senate Hearing Witness
27.7.2021
Angela Walch. Source: A video screnshot, Youtube/MIT Digital Currency Initiative
The US Committee on Banking, Housing, and Urban Affairs (aka the Senate Banking Committee) today holds an important hearing called 'Cryptocurrencies: What are they good for?' - and while some list world-changing...
Third Bank Invests in Fireblocks Making It a Double Unicorn
27.7.2021
Michael Shaulov, Co-founder and CEO of Fireblocks. Source: A video screenshot, Youtube/ Galaxy Digital
Digital asset security and asset transfer platform Fireblocks said it has "solidified" its unicorn status after raising USD 310m in Series D funding, boosting its valuation to...
IMF Says Making Bitcoin a National Currency is an 'Inadvisable Shortcut'
27.7.2021
As El Salvador is preparing to make bitcoin (BTC) legal tender this September, the International Monetary Fund (IMF) issued another warning, stressing that this move "is an inadvisable shortcut."
While governments need to "step up" to provide the benefits offered by...
Bitcoin Comes Closer to Its Swing Resistance at $41,500!
27.7.2021
Bitcoin is the market leader for sentiment rather than a reason. This sentiment has created a true value of Bitcoin in the range of $100,000. Whether or not it is achievable in the years to come is a question in value investor’s minds. But for BTC believers achieving $100,000 is on the clock....