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Task Force to Tell Washington: Ramp Up Crypto Exchange Regulation
29.4.2021
An advisory body will reportedly tell the American government to increase the level of its policing of crypto exchanges – with a new spate of anti-money laundering (AML) measures possibly incoming at trading platforms operating in the country.
Per a report from Reuters, the Ransomware Task Force,...
Ethereum Inches Higher, Bitcoin - Lower, DOGE Leads
29.4.2021
Bitcoin price extended its upward move above the USD 56,000 level, but it struggled to clear the USD 56,500 resistance and started a downside correction. It is currently (04:30 UTC) trading below USD 55,000 and it seems like it could even test USD 53,250.
Besides, most major altcoins are still...
South Korea’s Ruling Party, Regulators at Odds over Crypto Policy
29.4.2021
Source: Adobe/david_franklin
South Korea’s finance minister and Deputy Prime Minister has risked invoking young voters’ further ire with a crypto-related tirade – although it appears not everyone pulling the strings in the government is ready to sing from the same hymn sheet on this increasingly...
SEC pushes decision on VanEck Bitcoin ETF until June
28.4.2021
The commission said it was "appropriate to designate a longer period" for the proposed Bitcoin ETF
USD 16B Manager Wealthfront Goes Crypto, Metamask Boom, Delayed Bitcoin ETF + More News
28.4.2021
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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The California-based digital wealth robo-adviser management firm with around USD 16bn assets under management, Wealthfront will open...
Bitcoin Crosses $55k; Is Recovery on the Horizon?
28.4.2021
After a week of reverses, Bitcoin has been able to stage some recovery recently, thanks to space for the increased risk appetite that the market has shown in the past couple of days. It is still very early to say how much this recovery will hold in the future, although on the surface, there...
5 Ways Visa Wants to Work with Crypto and CBDCs
28.4.2021
The Visa CEO Al Kelly has outlined five different opportunities his company sees for payments firms in the “crypto and bitcoin (BTC)” space – as well as the world of stablecoins and central bank-issued tokens.
In a Q2 2021 results earnings call, Kelly once again reaffirmed his and Visa’s position...
Gaming Giant Nexon Spends USD 100M on Bitcoin
28.4.2021
South Korean listed gaming behemoth, Nexon, said it acquired BTC 1,717 for around USD 100m, paying on average USD 58,226 per BTC, inclusive of fees and expenses.
This purchase represents less than 2% of Nexon’s total cash and cash equivalents on hand (as of December 2020), they added.
"Our...
South Korean Regulators Tell their Staff: ‘Stay Away from Crypto’
28.4.2021
A number of South Korean civil servants could be barred from making crypto investments, with a ban on token-related activities for those who work for financial regulatory bodies.
In a report from the TV network SBS, a journalist stated that employees of the top financial regulators, the Financial...
Upbit Introduces Daily Limit on Deposits as ‘Self-Regulation Begins’
27.4.2021
South Korean media outlets have suggested the nation’s crypto exchanges are beginning to “self-regulate” as pressure mounts from the government – with the Upbit trading platform capping crypto deposits to a daily maximum of just under USD 450,000.
Per Donga Ilbo, one of the country’s biggest...
EIB To Register Bonds On Ethereum As ETH Hits New ATH + More News
27.4.2021
Source: Adobe/H_Ko
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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The European Investment Bank plans to price EUR 100m (USD 121m) of two-year notes in an inaugural sale...
Bitcoin Surges After Huge Plunge
27.4.2021
The crypto network is full of uncertainties, as proven by Bitcoin’s recent fall. The crypto reached the 63,000 dollar mark and then plummeted to 53,000 dollars quickly, even going below the 50,000 dollars mark. The price decrease severely affected retail investors, especially the young ones....
Bitcoin 'Fake-Selloff' Was Driven by Dealers With Short Inventory - Arca
27.4.2021
What we saw last week in the crypto market wasn't actually a selloff, but the price being artificially driven down by dealers with short inventory, according to Jeff Dorman, the Chief Investment Officer (CIO) of US-based investment management firm Arca. Also, the second-highest amount...
Mastercard and Gemini to Give 'Real-Time' Crypto Rewards
27.4.2021
US-based crypto exchange Gemini has partnered with payments giant Mastercard and digital lender / credit card issuer WebBank to launch a new crypto rewards credit card and "real-time" rewards platform in a matter of months.
Set for launch this summer, as the press release stated,...
Bitcoin Dominance In Payments Drops Amid Dogecoin, Altcoins Surge - BitPay
27.4.2021
Major crypto payment processor BitPay has reported the share of bitcoin (BTC) in their payments was the lowest last week, as altcoins such as dogecoin (DOGE), have been gaining traction, according to Sonny Singh, the company’s Chief Commercial Officer (CCO).
“BitPay processes over a billion dollars...
Tesla Sends Bullish Bitcoin Signal To Global Corporates
27.4.2021
The bitcoin (BTC)-keen carmaking giant Tesla has sent a bullish signal to the global business community, with its chief financial officer Zachary Kirkhorn claiming that BTC has “long-term” worth and could be used to solve cash liquidity problems.
In an earnings call to investors reporting on FY2021...
Bitcoin and Ethereum Consolidate Gains, XRP Rallies
27.4.2021
Bitcoin price extended its rise above the USD 54,000 level. However, BTC failed to test the USD 55,000 level and it is currently (04:00 UTC) consolidating. The current price action suggests chances of a fresh increase as long as the price is above USD 51,500.
Besides, most major altcoins...
Argentina Central Bank Tells Banks: Give Us Data on Crypto Transactions
27.4.2021
The Argentinian central bank has asked the nation’s commercial banks to hand over data on transactions conducted by customers they believe to be trading in crypto – with yet another global government apparently gearing up to regulate its crypto users.
Per Infobae, the central Banco Central de...
JPMorgan's Bitcoin Plan, BTC Finds a New Fan in NFL + More News
26.4.2021
Sean Culkin. Source: A screenshot, Instagram/culk80
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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US-based investment banking giant JPMorgan is preparing to offer an actively...
German Developer Gets Rich Off Bitcoin, Backs Party That Wants It Traceable
26.4.2021
German software developer Moritz Schmidt has made millions from investing in the world's number one crypto, but when he made what turned out to be one of largest political donations in the country’s history, he bet on a party that is considering to make bitcoin (BTC) “traceable” in Germany...