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As the Stock Market Dives Report Shows ‘US Households Now Have Record High Exposure to Stocks’
19.7.2021
While inflation has kicked up in the U.S., following the massive stimulus issued by the Federal Reserve, investor and financial writer Lyn Alden Schwartzer published a report that shows “U.S. households now have record high exposure to stocks.” The news comes at a time when many...
Despite Negative Press, Binance Is Still the World’s Largest Crypto Spot and Derivatives Exchange
19.7.2021
While Binance has had a few issues with payment service providers and regulators from a few countries, the centralized cryptocurrency exchange is still the largest trading platform in terms of trade volume. During the last 24 hours, Binance has recorded roughly $8.6 billion in swaps and the trading...
Bitcoin’s Value Dropped 8% This Week, Analyst Says Equities Correction Could Impact Crypto
19.7.2021
Digital currency markets have slipped in value this week as bitcoin has shed more than 8% of its value over the last seven days. The entire market capitalization of all 10,000+ crypto assets has also dropped 3.4% in value to $1.25 trillion on Monday. Crypto markets are following the trend of large...
Candidate for Kenyan Elections Body Says Adopting Blockchain Will Reduce Ballot Costs by 300%
19.7.2021
An aspirant to the post of commissioner with the Kenyan Independent Electoral and Boundaries Commission (IEBC) has urged the elections body to consider adopting blockchain technology. According to Justus Abonyo, a former official with the Social Democratic Party of Kenya, doing this will help Kenya...
Infinity8.io and Sacha Jafri Make NFT History at amFAR 2021
19.7.2021
As cameras flashed at tonight’s 27th amFAR gala at the Cannes film festival in the south of France, one-star continued to shine, the world’s second highest-selling living artist, Sacha Jafri. The lavish gala celebrated its 27th edition with host Sharon Stone as Alicia Keys gave...
Former Heavyweight Boxing Champion Mike Tyson Asks Fans if They Prefer Bitcoin or Ethereum
19.7.2021
On Saturday, former heavyweight boxing champion, Mike Tyson, asked his 5.6 million followers on Twitter which crypto asset they prefer: bitcoin or ethereum. Tyson is no stranger to the world of crypto and just recently stepped into the realm of non-fungible token (NFT) collectibles. Iron Mike Asks...
Russian Crypto Industry Scrambles to Attract Miners as Kazakhstan Overtakes Russia in Mining Volume
19.7.2021
An industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another Eurasian Economic Union member, in terms of cryptocurrency production. Russian Project Aims...
Paraguayan Lawmakers Present a Very Different ‘Bitcoin Bill’ Than Expected
19.7.2021
A group of Paraguayan lawmakers presented a ‘Bitcoin bill’ in the National Congress last week, but it turned out to be a very different proposal than what crypto followers expected. The bill seeks to control and regulate cryptocurrency transactions and establish taxes. There is...
From $100 Million to Nothing — Biographer Claims John McAfee Was Broke When He Died
19.7.2021
Just before the antivirus tycoon John McAfee was found dead in Spain, he told the public from prison that U.S. federal authorities seized all of his assets and he had “nothing.” Now a biographer who is writing a McAfee-based biography has corroborated McAfee’s story. The author...
FOHO Is Building a Transparent Fractional Ownership Marketplace
19.7.2021
PRESS RELEASE. Toronto, July 19, 2021 – FOHO is building a transparent fractional ownership marketplace that uses the wisdom of crowds to uncover deals, hold sellers and property managers accountable and manage usage and income disbursal for real estate assets. Their modus operandi revolves...
Coinbase CEO Rebuffs Dogecoin Co-Founder Statements: ‘Crypto Is an Alternative for People Who Want More Freedom’
19.7.2021
Brian Armstrong, CEO of Coinbase, took to Twitter to tell his thoughts about the statements that Jackson Palmer, co-founder of Dogecoin, expressed last week. While Palmer now has a negative vision of the cryptocurrency industry, Armstrong is in the opposite field. To Armstrong, the cryptocurrency...
Crypto Experts Predict Bitcoin Price Rising to $318,417 by December 2025
19.7.2021
A panel of crypto experts has predicted that the price of bitcoin will rise to $318,417 by December 2025. The most bullish expert believes that the price of the cryptocurrency will reach $160,000 by the end of the year. Meanwhile, 54% of them think that hyperbitcoinization will happen by 2050....
Malaysia Flattens Seized Bitcoin Mining Rigs With Steamroller — Over 1,000 Machines Demolished
19.7.2021
Over 1,000 bitcoin mining machines have been totally destroyed in Malaysia after they were seized for illegally mining the cryptocurrency using stolen electricity. The mining machines, worth about $1.26 million, were steamrolled in the Malaysian city of Miri and eight people have been arrested...
Bithumb Terminates Trademark Agreements With 2 Foreign-Based Exchanges
18.7.2021
Leading Korean crypto exchange Bithumb is terminating its trademark agreements with two coin trading platforms operating abroad under its brand name. The move comes as digital asset exchanges in South Korea prepare to comply with the country’s stricter regulations for the industry that will...
Jackson, Tennessee Mayor Praises Bitcoin’s Benefits Against Inflation, Aims to Create a BTC Hub
18.7.2021
Jackson, Tennessee’s mayor is a fan of bitcoin and he wants the city to become a bitcoin hub in order to entice technology companies and innovation. Jackson’s mayor Scott Conger is in the midst of discussing creating legislation that allows Jackson residents to pay property taxes with...
IMF, World Bank, BIS Recommend Countries Work Together on CBDCs to Enhance Cross-Border Payments
18.7.2021
The International Monetary Fund (IMF), the World Bank, and the Bank of International Settlement (BIS) have conducted an extensive study of using central bank digital currencies (CBDCs) for cross-border payments. Their report to the G20 states that enhanced cross-border payments “can...
Analyst: ‘Bitcoin Correction Very Similar to 2013 — BTC May Remain Stuck at $30K for a While’
18.7.2021
The analytics provider Ecoinometrics has published a tweetstorm that shows the current downward spiral from bitcoin’s all-time high is one of “the longest drawdowns bitcoin has had to deal with during a post-halving bull market.” Furthermore, the same day, analyst and economist...
These Are the Crypto Economy’s 5 Most Expensive Assets per Unit
18.7.2021
On July 18, the most valuable cryptocurrency in terms of dollars per unit, is bitcoin which is currently trading for $31,693. Besides all the wrapped bitcoins and synthetic bitcoin pegs, the second-highest valued crypto-asset per unit is yearn finance and maker follows behind. Removing the market...
Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin
18.7.2021
According to regional reports, El Salvador’s current leadership is in the midst of developing a stablecoin backed by the U.S. dollar. Meanwhile, others believe the stablecoin idea was scrapped now that Nayib Bukele’s government chose to leverage bitcoin. Some Say the Colón-Dollar...
Ukraine’s ‘Largest Illegal’ Mining Facility May Have Been a FIFA Bot Farm
18.7.2021
A data center busted by Ukrainian law enforcement this month for suspected electricity theft may have had a purpose different from mining cryptocurrencies. Ukraine’s security service described the facility as the “largest underground crypto farm” found to date but media reports...