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Bitcoin, Ethereum Correct Gains; Amazon Denies Rumor, Tesla Still Holds BTC
27.7.2021
Bitcoin price gained pace above the USD 38,000 resistance level. BTC even spiked above USD 40,000, but it faced a strong rejection. A high was formed near USD 40,500 and the price is currently (03:40 UTC) correcting gains.
Similarly, most major altcoins are correcting gains also. ETH topped near...
Think Tank: Crypto Buyers Must Have Right to Claim Refunds
27.7.2021
A report from a leading South Korean think-tank has concluded that crypto exchanges, banks and other institutions should be legally obliged to refund crypto investors in the event of the loss of private keys or bankruptcies.
According to Aju News and Sports Seoul, the recommendations came in...
IMF issues veiled warning against El Salvador’s Bitcoin law
26.7.2021
Making any cryptocurrency a national currency “is an inadvisable shortcut” to more inclusive financial services, according to two IMF officials
Robinhood's Crypto Plans, BTC and ETH Investment Flows + More News
26.7.2021
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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Adoption news
Vlad Tenev, CEO of the popular trading app Robinhood, said that crypto is vital to the app’s future and that a wallet may be...
World's Biggest Listed Hedge Fund Firm Chief Makes Bitcoin Noob Mistakes Too
26.7.2021
Luke Ellis. Source: A video screenshot, Youtube/Bloomberg Markets and Finance
The Cryptoverse is seeing yet another traditional financial boss making the very same greenhorn Bitcoin (BTC) mistakes that had been debated and debunked numerous times before, continuing the cycle of misinformation....
Bitcoin Stays In Range Despite Alleged Tether Criminal Probe Report
26.7.2021
Bitcoin (BTC) trimmed its gains today, before rebounding again despite claims that executives behind the most popular stablecoin, tether (USDT), might face a criminal probe.
At 14:33 UTC, BTC trades at USD 38,473, rebounding from USD 37,889, reached after a report by Bloomberg said that a US probe...
'Exponential' Rise in Crypto Tax Inquiries in Spain as Monitoring Intensifies
26.7.2021
The accounting giant PwC says it has seen an “exponential” increase in recent months in inquiries about tax declarations from crypto holders in Spain – where new crypto regulations have come into force.
Spain’s Treasury department has already sent out thousands of warning letters to citizens...
Crypto Exchange Self-Regulation Kicks In as Regulators Start to Kick
26.7.2021
Source: Instagram, Binance
It appears that the crypto industry is increasingly turning to self-regulation as the rope of regulators threatens to tighten firmly around it - and the trend hasn't missed a major decentralized exchange either.
Major crypto derivatives exchange FTX CEO Sam Bankman-Fried...
Bitcoin Rallies Towards USD 40K On Amazon Speculation, Liquidations Soar
26.7.2021
Bitcoin price formed a strong support base above USD 32,000. As a result, BTC started a strong increase and it broke the USD 35,000 resistance. It even surged above USD 39,000 before correcting lower but it is currently (04:05 UTC) still showing bullish signs above USD 38,000.
Similarly, most major...
Weekly roundup: Ark Invest, Edge Wealth Management, and Rothschild Investment accumulate crypto
23.7.2021
Cathie Wood's Ark Invest purchased more than 450,000 GBTC shares in two separate buys this week
El Salvadorians take to the streets to protest Bitcoin law
23.7.2021
Those who marched against Bitcoin this week claimed the cryptocurrency was too volatile and would allow businesses to "launder ill-gotten money."
Twitter's BTC Plan, Action Against Coinbase, Oversubscribed NFTs + More News
23.7.2021
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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Adoption news
Twitter CEO Jack Dorsey confirmed to investors that Bitcoin (BTC) will be a “big part” of the company’s future, as he sees...
S Korean Regulator to Force Crypto Overseas Exchanges to Abide by its Rules
23.7.2021
The top South Korean financial regulator has effectively blocked overseas crypto exchanges from operating in the nation if it can be proved they are actively targeting users based on South Korean soil.
According to Chosun and Seoul Kyungjae, the regulatory Financial Services Commission (FSC), which...
Amazon Set to Hire a Digital Currency and Blockchain Product Lead
23.7.2021
E-commerce giant Amazon is dipping its finger deeper into the crypto and blockchain worlds as it posted an ad looking to hire a new executive to oversee their digital currency strategy.
The position is for a 'Digital Currency and Blockchain Product Lead' who "want[s] to innovate on behalf...
BlockFi Fights Regulatory Fire in 3 US States; Reportedly Wants to Go Public
23.7.2021
Source: A screenshot, Instagram/blockfi
More state regulators are beginning to follow suit with New Jersey after the state Attorney General last week was reported to have served BlockFi, a leading American crypto lending firm, with a cease and desist order: Alabama and Texas have dished out similar...
Bitcoin, Ethereum Move Higher, XLM, AXS Keep Rallying
23.7.2021
After accelerating above the USD 32,000 level, BTC is now getting closer to USD 33,000, erasing its all weekly losses.
It is, however, outperformed by ETH and multiple altcoins, as, for now, bulls are seemingly feeling more comfortable than in the beginning of this week.
Total market...
Shenzhen Crypto Mining Hardware Retail Hotspot Becomes a Ghost Town
23.7.2021
An iconic shopping outlet for Chinese crypto miners has fallen under an eerie shroud of silence as the nation’s mining industry screeches to an abrupt halt.
The Beijing-led crackdown on mining has seen many of the nation’s key crypto mining provinces stamp out industrial mining, with further...
Stacks (STX) price rallies 195% after revealing plans to bring DeFi to Bitcoin
23.7.2021
STX price rallied 195% after the introduction of smart contracts enabled the launch of DeFi and NFTs on the Bitcoin network
Circle K convenience stores will host thousands of crypto ATMs
22.7.2021
Despite suspending service to some crypto ATMs during the early days of the pandemic, Bitcoin Depot has continued to expand
BlockFi's Battle, 'Transitory' ECB, Hot Q2, EIP-1559 NFTs + More News
22.7.2021
Zac Prince, CEO and Co-founder of BlockFi. Source: a video screenshot, Youtube, Bitcoin Archives
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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Regulation news
New Jersey regulators...