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Unconfirmed Stablecoin Report Brings Confusion Amid Bukele’s Bitcoin Law
19.7.2021
A Salvadorian economist has hit out at President Nayib Bukele and his younger twin brothers – after a report claimed that the Bukele family has been secretly planning the release of a stablecoin and a crypto wallet.
Per El Diario de Hoy’s website ElSalvador.com, economist Tatiana Marroquín,...
Bitcoin, Ethereum and Altcoins Remain In Downtrend
19.7.2021
Bitcoin price remains in a bearish zone below the USD 32,500 resistance. BTC is currently (04:34 UTC) showing bearish signs and it could even continue lower below USD 31,000. The main breakdown support is still near the USD 30,000 level.
Similarly, most major altcoins are moving lower. ETH is...
Investors Are Still Free To Use Binance, Says Polish Regulator
16.7.2021
Source: a screenshot, Instagram/binance
After warning local investors about Binance last week, Poland’s Financial Supervision Authority (KNF) reminds that they are still free to decide whether to use this platform. As it does not supervise crypto exchanges in Poland, the authority only reacts...
Softbank Invests In Bullish, Bank Of America & Bitcoin Futures + More News
16.7.2021
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Investments news
SB Northstar, a unit of SoftBank Group, agreed to invest USD 75m in Bullish, the sponsor of a not-yet-operational crypto...
Bitcoin Mining Difficulty Is Set to Drop to June 2020 Level This Weekend
16.7.2021
Bitcoin mining rigs. Bitcoin (BTC) mining difficulty is set for another notable drop this weekend - this one dragging it down to the June 2020 level.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to drop around 6% in less than two days,...
PayPal US Users Can Now Spend More on Bitcoin in Week Than They Could in Year
16.7.2021
Online payments giant PayPal has made a major change for their US customers - it now allows them to spend five times more on bitcoin (BTC), ethereum (ETH), and other supported cryptoassets a week.
"As part of our efforts to meet the ever-changing needs of our customers, we are pleased...
Bitcoin, Ethereum and Major Altcoins Still Ruled By Bears
16.7.2021
Bitcoin price failed to stay above the USD 32,200 support zone. BTC extended its decline and it even traded below USD 31,550. It tested the USD 31,150 level and it is currently (04:24 UTC) attempting an upside correction.
Similarly, most major altcoins are trading in the red zone. ETH settled below...
Square Targets Bitcoin DeFi Business
16.7.2021
Jack Dorsey. Source: a video screenshot, Youtube/Ted
Twitter CEO Jack Dorsey-led US-based payments company Square doubled down on its Bitcoin (BTC) strategy with decentralized finance (DeFi)-related plans.
"Square is creating a new business (joining Seller, Cash App, & Tidal) focused...
Constitutional Lawyer Attacks Bukele’s Bitcoin Adoption Plan
16.7.2021
A constitutional lawyer has questioned the legality of El Salvador President Nayib Bukele’s bid to make bitcoin (BTC) legal tender alongside the United States dollar.
Per ElSalavador.com, the website of the El Diario de Hoy newspaper, the constitutional lawyer Enrique Anaya has claimed that...
UK's FCA Targets Young Crypto Investors, DeFi Hacks + More News
15.7.2021
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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Investment news
The UK Financial Conduct Authority (FCA) has created a GBP 11m (USD 15.3m) digital marketing campaign to warn its younger...
Bitcoin, Ethereum and Altcoins Show Signs of Another Decrease
15.7.2021
Bitcoin price failed to climb above the USD 33,000 and USD 33,200 resistance levels. BTC is slowly moving lower and it is trading well below USD 32,500. The current (11:45 UTC) price action suggests high chances of more downsides below USD 31,500.
Similarly, most major altcoins are slowly moving...
Watch Spike Lee’s New Ad That Spins Crypto As 'New Money'
15.7.2021
Source: A video screenshot, Youtube/Coin Cloud
US director, screenwriter and actor Spike Lee has rolled out a new ad for crypto ATM provider Coin Cloud, employing a socially-conscious message to praise cryptocurrencies as a tool to advance the empowerment of the underprivileged...
China's Global Bitcoin Hashrate Was On Decline Before Crackdown
15.7.2021
It seems that the Great Miner Migration began even before the latest exodus from China. That country’s share of global Bitcoin (BTC) hashrate started declining before the latest government crackdown, while that in other countries has seen an increase, found the Cambridge Centre for Alternative...
Bitcoin May Surpass USD 66K in 2021 and USD 400K by 2030 - 'Panel of Experts'
15.7.2021
Source: Adobe/STEKLO_KRD
By the end of this year, bitcoin (BTC) may hit the USD 66,000 level, as well as rise above USD 400,000 by the end of 2030, according to the median price prediction by 42 industry players, surveyed by a comparison platform and information service Finder. Though there...
Pundits Label Paraguayan MP’s Crypto Bill a ‘Huge Nothing Burger’
15.7.2021
Twitter-based crypto fans say they are underwhelmed by the details of a crypto-themed private member’s bill unveiled yesterday by the Paraguayan MP Carlos Rejala.
Rejala had first started tweeting about the draft legislation in the wake of the launch of a Salvadorian bill that will in a few weeks’...
Bitcoin and Ethereum Try To Recover, Face Hurdles
15.7.2021
Bitcoin price started a decent upward move above the USD 32,200 pivot zone. BTC even climbed above USD 33,000, but it failed to stay above this level and is currently (04:35 UTC) showing bearish signs below USD 32,800.
Similarly, most major altcoins are also trying to recover. ETH increased by...
Bitcoin Miners Secure Nuclear Deals, ShapeShifting Airdrop + More News
14.7.2021
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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Mining news
Oklo, a California-based company developing clean energy plants, announced a 20-year commercial partnership with Compass Mining...
Musk Sparks Bitcoin Community Ire with Question about Regulation: 'NO ELON'
14.7.2021
Crypto sector social media heavyweights have lashed out at the Tesla supremo Elon Musk after the outspoken entrepreneur piped up on Twitter with a question about regulatory permits for an open source bitcoin (BTC) wallet.
In response to a post from Blue Wallet, a bitcoin wallet developer that...
Paraguayan MP’s ‘Leaked’ Crypto Bill Makes No Mention of Bitcoin
14.7.2021
Carlos “Carlitos” Rejala at a crypto mining farm. Details of a Paraguayan private member’s bill that its author promised would bring bitcoin (BTC) and crypto into the national economy have allegedly been leaked to the media hours before they were due to be unveiled.
The alleged bill is...
Bitcoin, Ethereum and Altcoins Trend Turns Bearish
14.7.2021
Bitcoin price remained in a bearish zone and it extended its decline below USD 32,500. BTC even broke the key USD 32,200 support zone. It is currently (04:28 UTC) showing bearish signs and it might accelerate lower towards USD 30,000.
Similarly, most major altcoins are trading in the red zone....