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Market Wrap: Bitcoin Sells Off as Regulatory Concerns Resurface
8.7.2021
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm
Balancer launches stable pools for like-kind swaps
8.7.2021
The new feature allows traders to tap into pools of assets that trade at similar price levels. Balancer claims to be the first automated market maker to offer stable pools
Bank of America reportedly establishes crypto research team
8.7.2021
Candace Browning, the bank's head of global research, described cryptocurrency as "one of the fastest growing emerging technology ecosystems."
EU Mulls AML Authority and New Rules for Crypto Transfers, Documents Suggest
8.7.2021
The European Union is preparing to set up an anti-money laundering agency to coordinate national supervisory authorities. According to a media report based on EU documents, the bloc also plans to impose new rules to increase transparency for cryptocurrency transfers. Europe Steps Up Anti-Money...
Thailand's central bank warns against using digital currencies for payments
8.7.2021
The BOT said it may be forced to coordinate with the Securities and Exchange Commission to ensure crypto payments do not pose "extensive risks to the general public or the economic and financial system."
Bitcoin electricity consumption falls to November 2020 levels: Data
8.7.2021
Bitcoin’s total annual electricity consumption has fallen almost 60% since its all-time peak recorded in mid-May, according to industry data
Survey: 21% of UK crypto investors say they know almost nothing about it
8.7.2021
A new survey reveals that nearly two in five crypto investors in the U.K. admit their understanding of the sector was "poor or non-existent" when they first purchased cryptocurrency
Poland financial regulator issues public warning about Binance
8.7.2021
The cryptocurrency market is “neither regulated nor subject to supervision” to the Polish Financial Supervision Authority, the regulator said
Young Koreans' debt soars as they turn to crypto, stocks and real estate
8.7.2021
Millennials and Gen Z in South Korea have been struggling to survive an economy characterized by high asset inflation and suppressed wages
Russia Drafting Law on Confiscation of Crypto Assets
8.7.2021
Russian Prosecutor General Igor Krasnov has revealed that legislative amendments are being prepared on the confiscation of crypto assets. “A serious challenge is the criminal use of cryptocurrencies in our country,” he said. Russia is preparing amendments to the current legislation...
New Zealand's Reserve Bank consulting public on a potential CBDC
8.7.2021
The Reserve Bank of New Zealand will look at the potential for a CBDC “to work alongside cash as government-backed money,” and assess the issues around the emergence of crypto assets such as stablecoins
US Congressman Declares Investments in Dogecoin, Ethereum, Cardano
8.7.2021
A U.S. congressman, Barry Moore, has declared his recent cryptocurrency purchases. He bought dogecoin, cardano, and ether. U.S. Representative Barry Moore from Alabama filed a Periodic Transaction Report (PTR) last week declaring his recent cryptocurrency purchases. According to the filing,...
3 reasons why Terra (LUNA) price rallied by 20%
8.7.2021
The growing interest in stablecoins, new partnerships and the improving state of the wider market back LUNA’s newfound bullish momentum
82% of Institutional Investors Plan to Increase Cryptocurrency Exposure: Survey
8.7.2021
A survey by Nickel Digital Asset Management shows that 82% of institutional investors and wealth managers are planning to increase their cryptocurrency exposure between now and 2023. The survey reportedly asked institutional investors and wealth managers from the U.S., U.K., France, Germany,...
The Boston Celtics Announce Partnership With Blockchain Company Socios.com
8.7.2021
The crypto industry keeps entering into mainstream venues via professional sports leagues, athletes, and teams this year. On Wednesday, the Boston Celtics revealed a partnership with the blockchain provider Socios.com. Socios.com to Serve as the Presenting Partner of the NBA’s Boston Celtics...
Shibu Inu (SHIB) DEX ShibaSwap surpasses $1B TVL 24-hours after launch
7.7.2021
24-hours after launching, SHIB’s new ShibaSwap DeFi platform surpassed $1 billion in total value locked and it is raising fees on the Ethereum network
Former CFTC chair explains why regulators should approve a Bitcoin ETF
7.7.2021
“A Bitcoin ETF would be a way for retail investors to invest in cryptocurrency without having to actually purchase it and deal with the complexities of custody,” said Timothy Massad
Argentine lawmaker introduces bill for workers to be paid in crypto
7.7.2021
The proposal may help Argentinians in the export business avoid heavy taxes from foreign currency payments
Korean Banks Elevate Cybersecurity to Deal With Crypto-Related Risks
7.7.2021
South Korean banks are taking steps to bring cybersecurity to a new level as they try to keep up with fintechs and address new threats arising from their interaction with the crypto space. A number of institutions are adopting unprecedented measures including the integration of blockchain...
Visa reports over $1 billion in crypto spending in H1 2021
7.7.2021
Payment giant Visa will continue connecting the crypto economy to its “network of networks” to support the broader digital transformation of financial services