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Another Multibillion Company Testing Bitcoin On Its Balance Sheet
25.5.2021
The Argentinian, New York Stock Exchange-listed software developer Globant has made a low-key bitcoin (BTC) investment, according to its latest filing to an American financial regulator, and has spent USD 500,000 from its balance sheet on the token.
In a periodic filing made to the American...
Bitcoin and Ethereum Test Key Resistance, Altcoins Extend Rally
25.5.2021
Bitcoin price remained well supported and it extended its recovery above the USD 38,000 resistance. However, BTC failed to clear the key USD 40,000 resistance level. It is currently (04:30 UTC) correcting lower and it might test USD 37,000.
Similarly, most major altcoins extended their recovery....
3 South Korean Banks Say They Won’t Deal with ‘Risky’ Crypto Exchanges
25.5.2021
Three of South Korea’s five biggest banks, Woori, Kookmin (KB), and KEB Hana, have said they do not want to work with crypto exchanges, claiming the sector is “too risky” – a decision that may well jeopardize the future of even the country’s major exchanges.
Cryptonews.com approached a number...
Ray Dalio Picks Bitcoin Over Bond, Chinese Miner Enters Kazakhstan + More News
24.5.2021
Ray Dalio: A video screenshot, Youtube/Financial Observer
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
Founder of major global investment firm Bridgewater Associates...
Bitcoin Dominance Rises Again As Funds Are Buying The Dip
24.5.2021
Bitcoin (BTC) is seeing some notable light in a bearish tunnel as the new week began: it's dominance is up around 17% in the midst of a selloff, while it's also among those coins that fell the least in the past 7 days and from their all-time highs (ATHs).
At 7:25 UTC, BTC is trading at 36,461...
Analysts See 'Seismic shift' In Bitcoin Mining Amid Chinese 'Crackdown'
24.5.2021
Bitcoin (BTC) could be in for a fresh battering this week after reports emerged that some mining pool players including HashCow and BTC.TOP, are reviewing their operations in China as a response to central government pressure on the mining sector, while some industry observers argue that this might...
China Halts Bitcoin, While the Bitcoin Sell-Off Resumes
24.5.2021
The Bitcoin industry on the weekend had a roller-coaster ride. While the Bitcoin sell-off continued over the weekend, it fell below $32,000, the lowest price since the start of the year. Meanwhile, the mining operators in Huobi Mall and BTC are working towards the suspension of crypto in China....
Bitcoin and Ethereum Recover Losses, Upsides Limited
24.5.2021
Bitcoin price failed to move into a positive zone and it extended its decline below USD 35,000. BTC tested the USD 31,000 zone and formed a low near USD 31,150. It is currently (04:40 UTC) correcting higher, but the bears might remain active near USD 38,000.
Similarly, most major altcoins extended...
Altcoins Again Take The Strongest Hit Amid China Crackdown News
21.5.2021
As China is sending more negative news to the crypto market, altcoins are once again suffering the most.
Bitcoin (BTC) dropped from USD 41,760 to below USD 37,000 in half an hour and continued correcting lower. At 19:53 UTC, it trades at USD 36,082 and is down by 10% in a day. Meanwhile, ethereum...
CBDC in US Context, Bitcoin's Value Based on 'Wishful Thinking' + More News
21.5.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
CBDC news
Federal Reserve Chair Jerome Powell announced that the US central bank will issue a research paper on a USD central bank digital currency...
Bank Risk Assessment May Threaten Bithumb, South Korean Crypto Exchanges
21.5.2021
South Korean banks are set to audit crypto exchanges’ senior managers as part of their due diligence and risk assessment protocols for real-name banking contracts – and there are concerns Bithumb officials may struggle to pass the checks due to previous and ongoing fraud allegations.
Bank-conducted...
Chinese Exchange Closes Up Shop Amid The 'Crypto Ban' Drama
21.5.2021
The latest instalment of China’s bitcoin (BTC) fear, uncertainty, doubt (FUD) drama triggered panic among some investors, but industry insiders say Chinese individuals are still able to buy crypto. Despite this, crypto exchange XMEX is accused of using recent developments to shut down...
Dutch Central Bank Forced To Scrap Crypto Wallet Verification Requirement
21.5.2021
In a landmark decision for the country’s crypto industry, a court order obtained by Dutch bitcoin (BTC) exchange Bitonic has succeeded in forcing De Nederlandsche Bank (DNB) to scrap its controversial wallet verification requirement.
The company contested the measure at a Rotterdam court, claiming...
Moving to Green Bitcoin May be Moving To a Two-Tier Bitcoin
21.5.2021
Given the recent and increasing developments over the so-called 'green' bitcoin (BTC), it seems that the industry might be moving to a two-tier BTC.
As Tesla chief Elon Musk and quite a few others criticized Bitcoin over its energy consumption and the potential impact on the environment, Twitter...
Nobel Laureate Krugman Takes Another Swing at Bitcoin And Bitcoin Swings Back
21.5.2021
Crypto Cassandras are having a field day as token markets continue to experience disruption in many cases wheeling out familiar refrains and predicting the imminent death of bitcoin (BTC) – although most crypto pundits are scoffing at the arguments they are using to justify their claims.
The Nobel...
Buterin: ‘Elon Musk’s Influence on Crypto Prices Won’t Last Forever’
21.5.2021
Source: Twitter/@beeple
The Ethereum (ETH) co-founder Vitalik Buterin has claimed that the crypto markets will learn their lesson from the latest price crash – and stop hanging on every word tweeted by the Tesla chief Elon Musk.
In a video interview with CNN, Buterin pointed out that Musk tweeting...
Bitcoin and Ethereum Face Uphill Task, Altcoins Extends Rally
21.5.2021
Bitcoin price started a recovery above the USD 38,000 and USD 40,000 resistance levels. BTC even broke the USD 41,200 level, but it failed to surpass the USD 42,000 resistance. It is currently (04:20 UTC) trimming gains and it could decline further below USD 40,000.
Similarly, most major altcoins...
USD 10K+ Crypto Transfers & IRS, Central Banks on Crypto Volatility + More News
20.5.2021
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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Tax news
The US Treasury said the Biden administration’s proposal to strengthen tax compliance includes a requirement for transfers of...
Surveyed UAE Nationals Keener to Invest in Crypto than Western Expats
20.5.2021
Younger Emirati respondents are much more bullish than Western expats about the opportunities potentially offered by exposure to cryptoassets, according to a recent survey released by the Dubai-based financial services company Holborn Assets.
Carried out online by the UK pollster YouGov, the survey...
Flash Crash Post-Mortem: Overleveraged Crypto Gamblers Did It Again
20.5.2021
The flash crash in the crypto market on Wednesday was heavily exasperated by liquidations and leverage - debunking some narratives along the way.
Yesterday, almost USD 9bn worth of trading positions (around 800,000 in total) in the crypto derivatives market were liquidated, per Bybt.com data....