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Starting Today, 4,000 German Funds Can Start Investing In Crypto
1.7.2021
German legislation that entered into force on July 1 allows around 4,000 of the country’s so-called special funds to invest in cryptoassets, possibly paving the way for a spike in German investors’ exposure to crypto.
Under the new rules, Germany’s Spezialfonds will be allowed to invest up to...
The US Steps Up Political Pressure On El Salvador Amid Bitcoin Plans
1.7.2021
The US is now seemingly increasing pressure on El Salvador that is pushing forward with its plans to adopt bitcoin (BTC) as legal tender alongside the US dollar.
Tensions have been rising between El Salvador’s President Nayib Bukele and the Joe Biden administration in the United States,...
Investment Heavyweights Soros, Cohen Wade into Bitcoin, Crypto Markets
1.7.2021
George Soros. Source: A video screenshot, Youtube/ Central European University
Bitcoin (BTC) has two new – and high-profile – fans from the world of traditional American finance, with George Soros and the “hedge fund king” Steve Cohen both reportedly going crypto.
Both have hinted before that they...
Bitcoin Struggles, Ethereum Outperforms and Altcoins Consolidate
1.7.2021
Bitcoin price failed to stay above the USD 35,000 support zone. BTC is moving lower and it is trading just above the USD 34,000 support zone. It is currently (04:39 UTC) showing a few bearish signs and it could decline further if there is a clear break below USD 34,000.
Besides, most major altcoins...
Polish Miner Uses Solar Panels to Mine Bitcoin, Heat His House
30.6.2021
Seeking to reduce the carbon footprint of his Bitcoin (BTC) mining operations, as well as cut his electricity bill, Paweł Wojciechowski has reached for photovoltaic (PV) modules to mine the cryptocurrency, using the excess heat to warm the water in his household.
Wojciechowski, who runs an...
El Salvador’s State-issued Bitcoin App to Have B2B, B2C Versions
30.6.2021
Bitcoin (BTC) is set to be adopted as legal tender in El Salvador in a matter of several weeks, and the government is forging ahead with building the infrastructure it feels needs to be in place beforehand – including a much-vaunted app that will function as a payments platform and a...
Robinhood Gets USD 70M Penalty Due To 'Signigificant Harm' + More News
30.6.2021
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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Regulation news
The US Financial Industry Regulatory Authority (FINRA) said it has fined Robinhood, the major online trading platform, USD...
NYDIG and NCR Team Up To Bring Bitcoin To 650 US Banks, Credit Unions
30.6.2021
US-based payments giant NCR and digital asset management company NYDIG have teamed up to enable some 24m customers of 650 US banks to buy and sell bitcoin (BTC) through mobile apps supplied by the payments provider, using NYDIG’s custody services.
The latest development could significantly increase...
Musk's Crypto Tweets Not Helpful, Say Investors, While Elon's Mom Goes NFT
30.6.2021
A fragment of an NFT, called Diamonds Are Forever-DOGE to the Mars. Source: A screenshot, gallery.bakeryswap.org
Only some 12% of surveyed investors find Tesla's CEO Elon Musk's tweets helpful, while nearly 60% think he wields too much power, found a recent survey. Meanwhile, his mother announced...
Leaders in France, US Urge Crypto Regulation ‘Before It’s Too Late’
30.6.2021
Some politicians and regulators appear in a hurry to place checks and balances on crypto – perceiving that they must take some kind of control over the sector before it is too late.
In the United States, lawmakers want to go on a stricter regulatory route than the status quo – and are keen to stamp...
Bitcoin and Ethereum Correct Gains, ETC Keeps Rallying
30.6.2021
Bitcoin price followed a bullish path above the USD 35,000 resistance zone. BTC even broke USD 36,000 and spiked above USD 36,500. It is currently (04:36 UTC) correcting gains, but the bulls might remain active near USD 35,000.
Besides, most major altcoins are trading above key support....
El Salvador Gov’t: We’re Giving out Bitcoin – but Don’t Convert it to Fiat
29.6.2021
Source: Twitter/@Bitcoinbeach
El Salvador government officials said that the bitcoin (BTC) they plan to give away in forthcoming airdrops is for spending, not for converting into USD via crypto ATMs.
Per ElSlavador.com, the website of the El Diario de Hoy newspaper, the government, spurred on...
Arca Debunks 10 Most Popular Crypto Bear Theses
29.6.2021
The common digital assets bear market theses don't have "a lot of substance" and are "most likely inaccurate," according to Jeff Dorman, the Chief Investment Officer (CIO) of US-based investment management firm Arca.
While many seem convinced that we are now in a bear market...
NBA, MLB, E-sports, And Now Bündchen & Brady Join FTX's Marketing Team
29.6.2021
Source: A screenshot, Instagram/tombrady
US-based model, activist, and businesswoman Gisele Bündchen and American football star Tom Brady have taken an equity stake in crypto derivatives exchange FTX and will become its ambassadors, working on the charitable side of the business as well.
The...
Deutsche Börse Group, TP ICAP Make Crypto Bets With New Plans, Investments
29.6.2021
Two major players in the traditional finance world just announced their new crypto moves.
First, major UK-based interdealer broker TP ICAP has partnered with US-based mutual fund giant Fidelity Investments and Zodia Custody to launch a crypto trading platform, according to Reuters. Meanwhile...
Craig Wright Wins Bitcoin White Paper Copyright Case on Technicality
29.6.2021
Craig Wright. Craig Wright, the Australian computer scientist who fails to back his claims that he's the Bitcoin (BTC) creator Satoshi Nakamoto, has won a legal battle with Cobra, the operator of the Bitcoin.org website. The former won on a technicality, as Cobra refused to testify under his real...
Can Bitcoin Reclaim the Psychological $50,000 Level?
29.6.2021
Bitcoin has been stumbling for a long time and has recently registered a 50% drop. From the highs of $64967 to the lows of $28810, it touched on June 22, we have witnessed a strong pullback of more than 20%. As of now, bitcoin is trapped between stiff resistance and strong support levels....
Bitcoin Consolidates, Ethereum and Altcoins Extend Gains
29.6.2021
Bitcoin price remained well bid above the USD 33,500 and USD 34,000 levels. However, BTC is still struggling to settle above the main USD 35,000 resistance zone. It is currently (04:35 UTC) consolidating below USD 35,000, while many altcoins are gaining pace.
Besides, most major altcoins...
Crypto Mining Rigs ‘Selling Like Scrap Metal’ as Mainland China Mood Darkens
29.6.2021
The price of crypto mining hardware is plummeting in China, with reports of mining rigs selling “like scrap metal” on the Mainland as Crypto Crackdown 2.0 is forcing local mining companies to close down.
Per Odaily, as well as Epoch Times and a report from the broadcaster NDTV, mining hardware...
Mexico may not be following El Salvador's example on Bitcoin... yet
28.6.2021
A warning from the country's financial regulators seemed to be specifically targeting Ricardo Salinas Pliego, who on Sunday said he would explore his bank accepting Bitcoin