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Bitcoin Fundamentals Remain Strong Despite Flash Crash - Analysts


most altcoins were still down markedly over the past 24 hours, despite dip buyers coming to the rescue to bid up the prices of many coins from their lows yesterday. For now, the price of bitcoin remains down by 10% for the past day, trading at around USD 46,129, while ETH is also down by 10% to a pr

Bitcoin’s Legal in El Salvador – But Still Has a Mountain to Climb


ntroversy is already blighting the move, masterminded by the El Salvador President Nayib Bukele. Some claim that a clause in the new law that forces businesses to accept BTC as a form of payment if requested is an example of “strong-arm tactics.”In a bid to drive up the pace of adoption – and

Sotheby’s Bored Ape NFT Auction Attracts Nearly USD 20M In Bids


UTC, but the price offered for the Yacht Club collection has already exceeded the initial estimate of between USD 12m and USD 18m. As of September 6, 10:00 A.M. UTC, the current bid is USD 19m, with a total of 44 bids placed to date. For the Kennel Club collection, for which bidders ca

Japanese Crypto Sector Launches Consolidated Tax Reform Bid


Two of Japan’s biggest crypto business groups have launched a joint bid to persuade the government to revise its crypto tax laws. Japanese law currently stipulates that crypto traders must pay levies of up to 55% on their profits. However, a number of players in the sector – as some opposition...

Naver, Kakao, LG ‘Will Bid to Participate’ in South Korean CBDC Pilot


The Bank of Korea (BOK), South Korea’s central bank, is set to pilot its prototype digital KRW beginning in August as the country increases the pace of its central bank digital currency (CBDC) adoption plans. And it looks as though three of the nation’s biggest tech giants are keen to take...

Brazilians Can Now Bet on President Bolsonaro’s Reelection Bid on FTX


Crypto derivatives exchange FTX has launched a futures contract that allows Brazilian voters and traders in jurisdictions where the platform is available to bet on the outcome of Brazil’s next presidential election. With health and financial crises looming in the country, Jair...

Crypto Prosecutor Thwarted in Bid to Leave Post – and Join an Exchange


A high-flying South Korean prosecutor from the Ministry of Justice has been left out of work after controversy arose over his attempted move to take on a post as a legal adviser for a major domestic crypto exchange. Yonhap reported that the Ministry of Justice had announced that the prosecutor...

Metis: First Ever Community-Minted NFT Attracts Buyers Early Bid of 7 ETH


Disclaimer: The text below is a press release that was not written by Cryptonews.com. The first ever community-minted NFT launched at OpenSea this week, attracting a bid of 7 ETH for this historic event and giving 256 lucky users the opportunity to share the proceeds of the NFT auction with...

Anonymous Buyer Submits 5 ETH Opening Bid for First Ever Community-Minted NFT


Disclaimer: The text below is a press release that was not written by Cryptonews.com. The first ever community-minted NFT is generating FOMO before its auction has even begun, attracting a bid of 5 ETH from an anonymous buyer a day before bidding is set to begin. The NFT is being minted by members...

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