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Australian SMEs Catching Crypto Wave While An ETF In Works
13.7.2021
An increasing number of Australian small and medium-sized enterprises (SMEs), even accounting firms, are investing in cryptoassets, following examples of Tesla and MicroStrategy, according to local crypto exchange Swyftx.
Over the past year, Swyft’x customer base has grown from around 15,000 users...
Inflation Soars In US, 'Very Healthy' Crypto Scrutiny + More News
13.7.2021
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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Economics news
US consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs...
Bitcoin's Taproot is Activated on Testnet
13.7.2021
While the major Bitcoin (BTC) upgrade Taproot usually makes headlines, a significant development seems to had flown under the radar - its activation on the testnet.
Bitcoin developers, including Athony Towns, confirmed that Taproot has been successfully activated on the testnet last week.
Missed...
Surprise! An ESG-Conscious Giant Increases Indirect Exposure to Bitcoin
13.7.2021
In the midst of major and ongoing ESG (environmental, social, and governance) debate, an ESG-conscious US-based investment giant, Capital Group, is increasing its indirect exposure to bitcoin (BTC). This time, via a more than half a billion dollars investment into software developer and major...
UK Detectives Break Crypto Seizure Record, Brace For More
13.7.2021
The London Metropolitan Police said it has seized almost GBP 180m (USD 249m) in an unspecified cryptocurrency during an ongoing investigation into international money laundering that "will continue for months to come."
"This is believed to be one of the largest seizures globally...
Korean Regulators Want to Police All Int’l KRW Trading Crypto Exchanges
13.7.2021
All crypto exchanges must apply for trading permits if they are targeting South Korean investors – no matter where in the world they are based, according to Eun Sang-soo, the head of the South Korean Financial Services Commission (FSC), the top regulator for the financial and crypto industries.
As...
Tax Haven Citizenship Loophole for US Crypto Folk May Not Stay Open for Long
13.7.2021
Source: Adobe/Rafael Ben-Ari
A Russian ex-pro sailor has been touting a tax haven investment program for American crypto traders who are looking for legal loopholes to help them escape paying capital gains tax on their profits. But the program could have a shelf life if global regulators succeed...
Bitcoin, Ethereum and Altcoins At Risk of Major Breakdown
13.7.2021
Bitcoin price failed to overcome selling pressure and it remained well below USD 35,000. As a result, BTC saw a fresh decline below the USD 33,500 support. It is currently (04:25 UTC) showing a few bearish signs, but the USD 32,200 support holds the key.
Similarly, most major altcoins are slowly...
Some Chinese Crypto Companies Still Hiring Employees Despite Crackdown
13.7.2021
China’s most recent crypto crackdown may not be as watertight as first thought – with reports from the Middle Kingdom claiming that some domestic crypto-related companies are still recruiting new staff.
Per the China Securities Journal, via East Money, a number of firms in cities such as...
Crypto diversification signs, Exchanges Secure Banking Contracts + More News
12.7.2021
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
Last week was the quietest trading week since October 2020 as digital asset investment products saw minor outflows, totaling...
Paraguayan MP To Test BTC Bill This Week, JPMorgan Questions Bukele's Move
12.7.2021
Palacio de López is a palace in Asunción, Paraguay, that serves as workplace for the President of Paraguay, and is also the seat of the government of Paraguay. Traditional financial analysts are pouring uninformed scorn on El Salvador’s President Nayib Bukele’s bitcoin (BTC) adoption plans – while...
Bitcoin, Ethereum and Altcoins Show Positive Signs
12.7.2021
Bitcoin price started a fresh increase above the USD 33,500 resistance zone. BTC climbed above the USD 34,000 resistance, but it is currently (04:35 UTC) facing resistance below USD 35,000. A daily close above USD 35,000 could start a steady increase in the near term.
Similarly, most major altcoins...
Bullish Starts Pilot In Coming Weeks, Skeptical Salvadorans + More News
9.7.2021
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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Exchange news
Heavily-backed, yet-to-be-launched crypto exchange Bullish said it intends to go public through a merger with the special...
UK Watchdog Set to (Re)Target 'Misleading' Crypto Investment Marketing
9.7.2021
The UK’s advertising watchdog Advertising Standards Authority (ASA) is set to take a swing at what it perceives as misleading marketing related to cryptoassets, with a major initiative expected to be launched already this month to take down such ads.
While the watchdog’s focus is said to be...
Crypto Scammers Now Stalking Dating Apps Like Tinder for Prey
9.7.2021
Crypto scammers may have found a new hunting ground for bitcoin (BTC) and altcoin-holding victims: dating apps.
Per a case study published by the US-based crypto self-custody solutions provider Casa, scammers have developed a “novel attack” that targets crypto enthusiasts. The firm warned...
Bitcoin, Ethereum and Altcoins Struggle to Recover
9.7.2021
Bitcoin price started a decline from the USD 35,000 resistance. BTC traded below many important supports near USD 33,000. It is currently (04:36 UTC) consolidating above the USD 32,000 support, below which the price could dive to USD 30,000.
Similarly, most major altcoins are gaining bearish...
Square To Enter Crypto Hardware Market With Bitcoin First Wallet
9.7.2021
Jack Dorsey. Twitter CEO Jack Dorsey-led payments company Square confirmed it aims to build a bitcoin (BTC) first hardware wallet "to make bitcoin custody more mainstream."
"We have a lot of questions and issues to reconcile and we’ll start with this product direction: bitcoin first...
South Korean Customs Officers Close Net on ‘Kimchi Premium’ Offenders
9.7.2021
South Korean customs officials say they have intercepted and tracked down scores of illegal, undeclared “kimchi premium” traders and transactions that reaped profits worth around USD 4.38m.
Back in April, customs officials vowed to carry out a “crackdown” on kimchi premium traders – and now appear...
First Midwest Bank Trust Division increases Grayscale Bitcoin Trust holdings by 283%
8.7.2021
A report on the firm's holdings to the SEC for Q2 2021 revealed the bank's trust division had 29,498 shares in Grayscale's Bitcoin Trust, worth more than $880,000
Controversial New Overseas Crypto Declaration Law Approved in Spain
8.7.2021
Source: Adobe/Hugh O'Neill
The Spanish parliament has approved a controversial new law that will force Spaniards to declare their overseas crypto holdings – as part of a bid to wipe out crypto-related fraud carried out on platforms based outside the country.
The law, which brings crypto into...