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Fed May Have Indirectly Invested In MicroStrategy’s Bitcoin Drive
10.6.2021
The leadership of the US Federal Reserve (Fed) is known to be skeptical of cryptocurrencies, but it was recently revealed the central bank could ironically be one of the early adopters of the first bitcoin (BTC)-linked junk bond through its investment in an exchange-traded fund (ETF).
Following...
Bitcoin Hits $37k Level After El Salvador’s Endorsement
10.6.2021
The first and the most valuable amongst cryptocurrencies, Bitcoin, is a virtual/digital currency that uses cryptographic technology to regulate and issuance of currency units. Developed by Satoshi Nakamoto, who first felt the need for an e-payment system based not on trust but cryptographic proof...
Bitcoin Rallies, Ethereum and Altcoins Show Positive Signs
10.6.2021
Bitcoin price settled above the USD 35,000 resistance zone. As a result, BTC gained bullish momentum and it cleared the USD 36,500 resistance. It even cleared USD 37,000 and it is currently (04:35 UTC) facing a strong resistance near USD 38,000.
Besides, most major altcoins are recovering steadily....
El Salvador Brings New Global Puzzle - What Is Bitcoin & How To Tax It?
9.6.2021
There is a great number of issues debated today following the major news that El Salvador recognized the world's number one cryptocurrency, bitcoin (BTC), as legal tender. This may bring some important changes when it comes to how bitcoin is treated on the legal stage globally. However, in what...
New Major Players Enter Crypto Market, China Hides Binance, OKEx & Huobi + More News
9.6.2021
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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Investments news
Interactive Brokers Group plans to begin offering crypto trading through its brokerage by the end of the summer, Reuters...
US Investors Dominated Bitcoin Gains in 2020
9.6.2021
US crypto investors raked in more than USD 4bn in realized bitcoin (BTC) gains in 2020, more than three times the gains made by Chinese investors, at USD 1.1bn, followed by crypto traders from Japan, the UK, and Russia, according to blockchain analysis company Chainalysis. That said, the report...
'Locked-Out' Users Sue Coinbase For North of USD 5M
9.6.2021
Source: A screenshot, Instagram, Coinbase
Six Coinbase users are taking the crypto exchange giant to court to seek more than USD 5m in compensation for themselves and other users who were allegedly locked out of their accounts for several months or longer at a time.
According to a complaint filed...
SEC Commissioner Worried Tight Regulation Could Thwart Crypto Innovation
9.6.2021
Hester Peirce. Source: a video screenshot, Youtube, Blockland Solutions
A senior official from the US Securities and Exchange Commission (SEC) has voiced her opposition to attempts by her fellow regulators to enforce strict regulation on cryptoassets instead of promoting self-regulation....
More Latin American MPs Push for Bitcoin Laws – Including a Gov’t Vice Minister
9.6.2021
The ranks of Latin American politicians joining the laser-eyed, bitcoin (BTC) adoption-supporting movement are beginning to swell – and while the majority of the crowd are young, opposition party MPs, the group now boasts at least one government vice minister.
While the movement began in earnest...
MicroStrategy Sees USD 1.6B Interest in Their Bitcoin Offer - Report
9.6.2021
US-based software developer MicroStrategy has received approximately USD 1.6bn in orders for the recently announced private offering of secured notes, Bloomberg reported, citing undisclosed people with knowledge of the marketing process.
Per the report, this interest includes that from "a...
El Salvador Passes The Bitcoin Law
9.6.2021
The Legislative Assembly of El Salvador just passed the Bitcoin law today.
The #BitcoinLaw has been approved by a supermajority in the Salvadoran Congress.— Nayib Bukele ???????? (@nayibbukele)
At 06:08 UTC, BTC trades at USD 33,570 and is up by 0.6% in the past hour and almost 2% in...
Bitcoin Flat, Ethereum, Altcoins Struggle to Hold Important Support
9.6.2021
Bitcoin price extended its decline below the USD 33,500 and USD 32,000 support levels. BTC tested the USD 31,000 zone and it is currently (05:05 UTC) trading just below USD 33,000 and is unchanged in a day. To start a decent increase, the price must move above the USD 33,500 and USD 34,000...
Crypto Market Crash Has Slashed Bithumb Value by Over 50%
9.6.2021
The South Korean crypto exchange Bithumb is still up for sale, but its value has reportedly fallen along with the crypto market price slump.
Per the financial media outlet Maeil Kyungjae, potential buyers are still interested in the trading platform, but its worth – according to market experts...
Rainy Season Will Test Just How Watertight China’s Bitcoin Mining Ban Is
8.6.2021
Some Chinese provinces appear to be cagey about whether they will ban crypto miners from operating during the country’s rainy season – a time of the year when rivers swell and hydropower stations typically produce high quantities of surplus electricity.
Per reports from the 21st Century Business...
'I should have bought a lot more,' laments billionaire investor on Bitcoin
8.6.2021
"The probability as more and more people keep using Bitcoin, it’s going to keep moving up," said Marc Lasry
Crypto Ransomware at G7, Bottlepay's Euro & Bitcoin Offer + More News
8.6.2021
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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Politics news
"So one of the things we’d like to see out of the G7 is the start of an action plan that covers a number of critical...
Crypto Market Signals Go Bearish But Long-Term Investors Still Accumulate
8.6.2021
Many of the key crypto market indicators have turned bearish during the past few weeks, with the last month bringing historically large declines by most on-chain activity metrics, according to on-chain activity and digital asset flow data. That said, it's still the new entrants who are selling...
Russia Could Use Crypto to Dodge US Sanctions - Political Insider
8.6.2021
In a sign of increased acceptance of cryptocurrencies among Russia’s elite, Alexander Shokhin, the president of the lobby group Russian Union of Industrialists and Entrepreneurs (RSPP), has proposed that the country’s lower chamber of parliament, the State Duma, discusses how Moscow could...
A Brief History on China’s Bitcoin Ban
8.6.2021
What’s happening right now with Bitcoin in China? It’s important because, as one of the world’s largest superpowers, China has the capability to move markets in particular ways. It’s also home to the majority of Bitcoin mining activity, which is essential for this emerging...
The BTC-Colonial Pipeline FUD Gives A Lesson On Bitcoin Security
8.6.2021
There is an abundance of FUD (fear, uncertainty, doubt) the Cryptoverse is fighting to debunk today - after millions of USD in bitcoin (BTC) was allegedly seized, used as ransom in the US Colonial Pipeline ransomware attack in early May. One of these flames being put out today is that Bitcoin...