Search
More Crypto Regulation Coming in Russia and Beyond, Warns Key Lawmaker
6.1.2021
Russian politicians have issued another grim-sounding warning about forthcoming crypto regulations, hinting that 2021 may have some less-than-welcome surprises in store for the nation’s crypto community – as well as crypto enthusiasts based overseas.
Per a report from radio station Govorit Moskva...
Bitcoin Sets New All Time High Spiking Over $35,000
6.1.2021
Bitcoin’s record-breaking start to the new year continued on January 5 after the top crypto set another new all-time high (ATH) of $35,879. Based on this new milestone, the top cryptocurrency has now surged by more than 20% in just the first of five days of the new year. Record-Breaking Start...
Mastermind of a Cryptocurrency Scam Arrested in India
6.1.2021
An alleged mastermind of a cryptocurrency scam has been arrested in India after he fled the country to Dubai. Investors were duped into investing in a cryptocurrency linked to a crypto exchange he established. The scheme also promised investors a monthly return of 20%-30% on investments. Alleged...
‘Kimchi Premium Return’ Reports 'Exaggerated'
6.1.2021
Multiple media reports of a return to the “kimchi premium” – a phenomenon whereby bitcoin (BTC) and major altcoin prices on South Korean exchanges rises to markedly higher levels than on international trading platforms – may be “exaggerated,” according to a South Korean expert.
Mira Kim,...
Ukraine Chooses Stellar Foundation to Develop Its CBDC, Regulatory Infrastructure for Stablecoins
6.1.2021
The Ministry of Digital Transformation of Ukraine has picked the Stellar Development Foundation (SDF) to develop its central bank digital currency project (CBDC). Ukraine Picks Stellar Foundation to Develop Its Central Bank Digital Currency and National Virtual Asset Strategy According to...
Grayscale Investments Clears Out XRP in Its Digital Large Cap Fund
6.1.2021
Grayscale has sold all of its XRP holdings to purchase bitcoin, ether, and other crypto assets. In an announcement made earlier today, Grayscale made it known that the firm has sold all of its XRP tokens from the Digital Large Cap Fund. Grayscale Sells Off All XRP Holdings There appears to be more...
Bitcoin On The Move Again, Smashes USD 35K, Outperformed by Cardano
6.1.2021
The most popular cryptocurrency, bitcoin (BTC), just passed the USD 35,000 level for the first time with a double-digit jump in a day. The majority of other top cryptoassets are rallying too.
At pixel time (04:39 UTC), BTC trades at USD 35,567 and is up by 13% in a day and 27% in a week, increasing...
The Reported Number of Stolen BTC Drops by 92% as ‘Bitcoin Security Appears to Be Improving’
6.1.2021
The number of stolen bitcoins that were publicly reported in 2020 dropped to 4,472 coins or 0.02% of the digital asset’s circulating supply. This new figure represents a 92% drop from the 56,870 reported in 2019. When using current bitcoin prices, the 2020 thefts caused losses that...
Kyrgyzstan Central Bank Is Set to Introduce Bills to Monitor Crypto Exchanges Activities and Forcing Them to Apply for Permits
6.1.2021
The National Bank of the Kyrgyz Republic (NBKR) revealed its new-year plans for the national crypto industry. They are about to introduce two drafts to regulate the country’s exchanges that aim to combat terrorism, money laundering, and protecting consumers. Kyrgyzstan Central Bank Set...
Onboarding Institutional Crypto Investors- Coinbase Helps Execute ‘One of the Largest Digital Asset Trades in History’
6.1.2021
Over the last year, institutional investors have been flocking toward crypto assets like bitcoin and after Microstrategy’s initial bitcoin purchase, the trending institutional demand for crypto started swelling. On Tuesday, the San Francisco trading platform Coinbase published a study that...
Skybridge Bitcoin Fund Debuts With $310 Million — Investment Manager Expects Each BTC Worth $535K
5.1.2021
Skybridge Bitcoin Fund’s assets under management have risen to $310 million. Expecting the cryptocurrency to become a digital replacement for gold, the firm reportedly values bitcoin at $535,000. Skybridge also predicts that bitcoin’s price will reach $100,000 this year. Skybridge...
Two Reasons Why Bitcoin Differs From Google, Amazon, & Facebook Networks
5.1.2021
One of Bitcoin (BTC)’s most outspoken and highest-profile cheerleaders, Stone Ridge Asset Management founder Ross L. Stevens, has written to shareholders in his company to talk up the most popular cryptocurrency – and its role in the company’s future, drawing parallels to investors backing...
Top US Banking Regulator: Banks Are Authorized to Use Public Blockchains and Stablecoins for Payment Activities
5.1.2021
The top banking regulator in the U.S. has announced that national banks and savings associations in the country can use public blockchains and stablecoins for payment activities. Experts say this is good for bitcoin and its importance should not be understated. Banks Can Use Public Blockchains...
Bitcoin News Roundup for Jan. 5, 2021
5.1.2021
With BTC back above $32K and a billion dollars worth of bitcoin exiting Coinbase, CoinDesk’s Market’s Daily is back with the latest crypto news roundup
Canaan Launches Submerged Liquid-Cooled Bitcoin Miner, Noiseless Device Boasts 50 Terahash
5.1.2021
The publicly listed ASIC mining rig manufacturer, Canaan, has announced the launch of a new submerged liquid-cooled bitcoin miner called the Avalonminer A1066I. Canaan claims the new immersion cooling miner is noiseless and capable of significant overclocking, as the miner’s cooling system...
IRS Updates Instructions To Tax Individual Crypto Investors
5.1.2021
The US Internal Revenue Service (IRS) has released a new version of its draft instructions that clarify the definition of virtual currency. The tax agency aims to guide individual taxpayers on how to fill in the 1040 form that asks them whether they bought or sold cryptoassets last year, but...
Teaching True Story: Trader Robbed of Nearly USD Half Million in Bitcoin
5.1.2021
A trader was robbed of nearly half a million dollars worth of bitcoin (BTC) in Hong Kong this Monday.
Given the age we live in, one would presume that we've learned by now not to trust strangers we meet online, and certainly not to enter their vehicles, and most definitely not to let others know...
$8.2 Million Worth of NFT-Based Artwork Sold in the Last Month of 2020 as ETH Prices Rally
5.1.2021
The non-fungible token-based artwork market witnessed a profitable end of 2020 with astonishing trading volume figures monthly compared to those seen during November. Metrics Show $8.2 Million Worth of Crypto Artwork Sold in December According to metrics revealed by Nonfungible.com, the volume...
Bitcoin, Ethereum & Stablecoin Tribes Fight Over Benefits Of OCC News
5.1.2021
Following a major announcement by the US Office of the Comptroller of the Currency (OCC), major tribes within the crypto space - be it stablecoins, Bitcoin (BTC), Ethereum (ETH), etc. - started claiming the news is beneficial for them specifically.
On Monday, the OCC published Interpretive Letter...
Chilean Court Orders Two Major Banks to Keep Open Checking Accounts of Crypto Exchange Buda
5.1.2021
Chile’s Free Competition Defense Court (TDLC) ruled in favor of the Latin American cryptocurrency exchange Bud after their checking accounts were closed by two major banks in the midst of a lawsuit related to a Ponzi scheme unrelated to the exchange. Chilean Court Rejected Petitions From...