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Bitcoin Drops On Musk’s Ambiguous Tweet, DOGE Ignores Coinbase News
4.6.2021
Bitcoin price climbed above the USD 38,000 resistance zone. BTC even broke USD 39,000, but it failed to even test USD 40,000. There was a fresh downside correction and the price is currently (04:40 UTC) consolidating near USD 38,000.
Besides, most major altcoins also corrected gains. ETH topped...
Blockchain Career at JPMorgan, Miami Mayor's Crypto Investments + More News
3.6.2021
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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Career news
US-based investment banking giant JPMorgan Chace & Co. now has over 70 open blockchain-related job positions in the US, Europe...
Sentiment Against Elon Musk on Twitter Rose in May Post-Bitcoin-Criticism
3.6.2021
Elon Musk. It seems that Ethereum (ETH) co-founder Vitalik Buterin's argument that the markets would pay less attention to Tesla chief Elon Musk's Bitcoin (BTC)-related tweets got a continuation - with a sentiment tracking company finding less than 15% of May tweets about Musk being positive.
The...
All Roads Lead to Crypto and the AMC Meme Stock One May Too
3.6.2021
After a short break, meme stocks are on the move again, making headlines and (only) some people rich, with two important messages for the Cryptoverse coming out of it: that the Robinhood-type traders could be turning to the new meme stock instead of crypto for now, but also that, ironically,...
Biden’s Crypto Tax Evasion Crackdown Could Also Hit Non-US Traders
3.6.2021
Joe Biden. Source: A screenshot, Instagram/joebiden
The American President Joe Biden appears ready to go to war with tax evaders, particularly those seeking to make use of crypto – and has put forward a plan that could hit crypto traders outside the United States, as well as domestic users.
In...
Sichuan Energy Meeting Offers Glimmer of Hope for Bitcoin Miners
3.6.2021
Th Xiluodu Dam and Hydroelectric Power Plant. Source: Adobe/contributor_aerial
There appears to be a ray of positivity for Chinese Bitcoin (BTC) miners, after a meeting of energy stakeholders in the province of Sichuan appeared relatively sympathetic to the miners’ cause.
Per a report from...
Bitcoin and Ethereum Approach Key Breakout Level, BNB Outperforms
3.6.2021
Bitcoin price is stable above the USD 36,500 support zone. BTC is currently (04:40 UTC) trading above USD 37,000, but it is facing hurdles near USD 38,000. A successful close above USD 38,000 could trigger a steady increase in the near term.
Besides, most major altcoins are showing positive signs....
South Korean Banks See Crypto Exchange Commission Fees Grow Tenfold
3.6.2021
The group of South Korean commercial banks that recently ruled out working with domestic crypto exchanges may be forced to rue their decisions after figures for the first quarter of the financial year revealed bumper commission earnings for the banks currently working with trading platforms.
Per...
Security Firm Develops ‘Crypto Bunker’ That’d Make a Bond Baddie Blush
2.6.2021
The Spanish security company Prosegur has announced it has developed a top-secret “crypto bunker” – the details of which would turn a spy movie supervillain green with envy.
The firm, which first announced its entry in the crypto custody arena in November last year and has launched a subsidiary...
Google To Allow Crypto Exchange & Wallet Ads In US Again + More News
2.6.2021
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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Adoption news
Beginning August 3, Google advertisers offering crypto exchanges and wallets targeting the United States may advertise those...
Guggenheim Doubles Down On Its Bitcoin Plans
2.6.2021
Scott Minerd, CIO of Guggenheim Partners. Source: A video screenshot, Youtube/ Bloomberg Markets and Finance
Guggenheim Active Allocation Fund, controlled by global investment and advisory firm Guggenheim Partners, has announced plans to launch a new fund that may seek investment exposure...
Daymak Set to Put Bitcoin, Ethereum Mining Electric Cars on the Roads
2.6.2021
Canadian light electric vehicle (LEV) manufacturer Daymak announced Spiritus - its upcoming electric car that will come with its own comprehensive crypto infrastructure.
The model should support some crypto operations, including mining bitcoin (BTC), ethereum (ETH), cardano (ADA), and dogecoin...
US Financial Advisers Up Crypto Recommendations as Interest Rises
2.6.2021
US-based financial advisers are increasingly recommending investments in cryptocurrencies to their clients, and less exposure to legacy finance investment products such as exchange-traded funds (ETFs) and individual stocks, according to a recent survey.
This approach is in line with the rising...
Gold is Having Its Month While Bitcoin is Stuck in a 'Digital Copper' Phase
2.6.2021
As bitcoin (BTC) crashed from its all-time high, gold is seeing a rally, with traditional investors returning to this metal and away from BTC - which, a banker claims, is now more similar to copper than gold.
At 7:16 UTC, the price of gold is up by almost 7% in the past 30 days. It's trading...
Bitcoin, Ethereum Still Consolidate, DOGE Rallies On Coinbase News
2.6.2021
Bitcoin price is trading in a positive zone above the USD 36,000 level. BTC is currently (04:50 UTC) consolidating and it is facing many hurdles near USD 38,000. A clear break above USD 38,000 could set the pace for a larger increase in the coming sessions.
Most major altcoins are also trading in...
Miners on the Move: China’s Crypto Mining Losses May Be Kazakhstan’s Gain
2.6.2021
Crypto miners fleeing China’s latest mining-focused crypto crackdown may turn to a nearby nation in a bid to continue doing business – with Kazakhstan increasingly looking set to provide a new home for those looking to set up shop outside Mainland China.
Per Kaktus Media, the number of mining...
BNY Mellon's Crypto Plan In Ireland, Chinese Crypto Brokerages + More News
1.6.2021
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
Banking giant BNY Mellon is reported to be creating a new Dublin-based unit that will offer digital assets to their clients...
Coinbase Adds Apple Pay and Google Pay to Crypto Debit Card
1.6.2021
US-based crypto giant Coinbase, has become a part of a steadily growing mobile payments market as owners of Coinbase Card can now use it for mobile payments via Apple Pay and Google Pay, the company said today.
Coinbase Card lets its users use bitcoin (BTC) and other cryptoassets for daily...
From Speculation to Allocation: Crypto Markets Seeing a Paradigm Shift
1.6.2021
There's a paradigm shift from pure speculation to tactical allocation in the crypto market as investors are locked in an accumulation phase and are holding their positions with a medium- to long-term view, according to digital asset investing firm CoinShares.
"This trend is also highlighted...
China’s Mining Crackdown Continues – But Some Sense Hope
1.6.2021
Beijing-backed anti-mining activities continue to gather pace in the Middle Kingdom, with major players apparently exiting the market and trading platforms such as BitMart moving to block Mainland Chinese IP addresses – but some miners in the nation have not given up on the industry, and even sense...