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South Korean Political Heavyweight Lashes Out at Gov’t Crypto Policy
15.5.2021
Ahn Chul-soo. Source: A screenshot, Instagram/ahncheolsoo
The founder of a leading opposition party, the tech guru Ahn Chul-soo of the software giant and antivirus provider AhnLab, has hit out at the South Korean government’s crypto policy.
Per Maeil Kyungjae, Ahn lashed out at the ruling...
Spanish Regulator Green-lights Institutional Crypto Investment
14.5.2021
Spain’s market regulator has announced that it will allow firms operating funds to make crypto investments – but only under certain conditions.
Per El Economista, the National Securities Market Commission (known locally as the CNMV) has published a new set of guidelines for institutional investors....
Bitcoin May Double This Year Despite Energy Concerns - Pantera CEO
14.5.2021
Dan Morehead. Source: A video screenshot, Youtube/Real Vision Finance
US-based major crypto investment firm Pantera Capital CEO Dan Morehead claims that the price of bitcoin (BTC) still might double this year despite the energy concerns.
BTC has been stuck in a trading range for a while now,...
Coinbase Says It Is Targeting More Users, Not Lower Fees
14.5.2021
The crypto exchange giant Coinbase says it does not want to go toe-to-toe with its biggest rivals over fees – and instead expects to bolster its users numbers to as high as 9 million by the end of the financial year by convincing crypto investors to pick ahead of other trading platforms.
In a...
Bitcoin, Ethereum Looking For Direction, While DOGE, ADA Rally
14.5.2021
Following the Tesla-triggered sharp correction yesterday, the crypto market is still mostly in red today with more green signs appearing among smaller altcoins.
BTC is down by 3%, while ETH corrected by more than 4%. Other coins from the top 10 club are down up to 6%, except DOGE and ADA that...
South Korea: Interest in Crypto Equal Between Younger and Older Age Groups
14.5.2021
The authors of a detailed report on the profile of crypto investors in South Korea have concluded that Crypto Fever 2.0 has been marked by a spike in interest among older age groups – with those in their 40s and 50s expressing a similar amount of interest in tokens as the ever-crypto-keen 20-39...
Binance Investigations, MicroStrategy Buys More 'Durable Bitcoin' + More News
13.5.2021
Source: Instagram, Binance
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
Major crypto exchange Binance is under investigation by the US Justice Department and Internal Revenue...
Bitcoin, Ethereum and Altcoins Fluctuate, Bulls Struggle
13.5.2021
Bitcoin price attempted a decent recovery after a strong decline to USD 46,000. BTC corrected above USD 50,000, but it failed to continue higher above USD 52,000. The price dropped below USD 49,000, but is currently (12:29 PM UTC) back above the USD 50,000 level.
Most major altcoins are following...
Bitcoin Price Falls as Tesla Halts Vehicle Purchase in BTC
13.5.2021
Elon Musk, CEO of Tesla, tweeted his concerns regarding the environment and how Bitcoin mining is harmful. He announced that Tesla would not be selling Bitcoin until the mining transforms into more sustainable energy. The tweet shook the market, and almost $365.85 billion was wiped off. The CEO...
IRS Could Come For Your Crypto If You Owe Them - Official
13.5.2021
If you happen to owe any money to the US Internal Revenue Service (IRS), the agency is willing to explore yet another way to make sure you pay your tax debts.
According to Robert Wearing, Deputy Associate Chief Counsel for Procedure and Administration at the IRS, the US government considered...
Bitcoin Rebounds After Tesla & Elon Musk Triggered Selloff
13.5.2021
The most popular cryptocurrency, bitcoin (BTC), recovered some of its sharp losses, fueled by Tesla's supremo Elon Musk as the car manufacturer said it has suspended vehicle purchases using BTC and is looking at other cryptoassets.
BTC plunged from almost USD 55,000 to USD 47,600, before recovering...
Cuban President Talks Possible Adoption of ‘Convenient’ Crypto
12.5.2021
The Cuban government is mulling crypto adoption as a means to fight back against financial turmoil, with crippling sanctions and the coronavirus pandemic fallout taking a heavy toll on the nation’s economy.
Last month, the Congress of the Communist Party of Cuba (PCC) – the country’s central...
Sequoia-Backed Onchain Custodian To Set Up New Crypto Lending Business
12.5.2021
Source: Adobe/Андрей Яланский
The Singapore-headquartered digital asset custody provider Onchain Custodian (ONC) is about to strengthen their positions in crypto lending and borrowing business, according to ONC Co-Founder and Chief Operating Officer (COO), El Lee.
There is a novel company in...
Inflation Stings, Bitcoin Racing Car, Digital Dolar + More News
12.5.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Economics news
US inflation is rising more than expected—in April alone, it grew by the most since 2009, amid rising concerns about...
Bitcoin car will race at the Indianapolis 500
12.5.2021
“This isn’t the Strike car, the Coinbase car, the Kraken car [...] this is the Bitcoin car,” said Jack Mallers
Bitcoin Mining Difficulty is Set for an ATH As Miners Send Bullish Signs
12.5.2021
Bitcoin (BTC) mining difficulty is set for a new all-time high (ATH), cutting into the profit margins of BTC miners that are still estimated to increase the computing power of the network even more despite the price of BTC has been stuck in a range recently.
The measure of how hard it is to compete...
MoneyGram Goes Bitcoin After Ending Partnership With Ripple
12.5.2021
Major US money transfer company MoneyGram has teamed up with bitcoin (BTC) kiosk business Coinme to facilitate buying and selling this most popular cryptocurrency with cash through a network comprising thousands of new point-of-sale locations in the US and select foreign markets this year.
Coinme...
SEC Sends Negative-ish Bitcoin ETF Signal that May Be Positive for Grayscale
12.5.2021
The US Securities and Exchange Commission (SEC) is now not-unexpectedly sending somewhat negative bitcoin (BTC) (and ethereum (ETH)) exchange-traded fund (ETF) signals - that might be a good sign for Grayscale Bitcoin Trust (GBTC).
As is practically notorious by now, an American ETF is a rather...
Ethereum Hits New ATH, While EOS, YFI Skyrocket, Bitcoin Still Range Bound
12.5.2021
Bitcoin price formed a base above the USD 55,500 level and started a steady recovery. BTC traded above the USD 56,500 resistance and is currently (04:40 UTC) trading above USD 57,500. However, the price is still facing many hurdles ahead.
Meanwhile, most major altcoins are gaining bullish momentum....
South Korean Parliamentary Advisory Body: Make a Central Crypto Regulator
12.5.2021
A South Korean National Assembly-affiliated body has formulated a set of recommendations for further regulating the nation’s crypto industry, including the creation of a new government-run department for crypto-related matters.
According to Herald Kyungjae and Chosun, the National Assembly Research...