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Effect of Cryptocurrency Market Crash on NFTs
20.5.2021
On Tuesday, China placed further restrictions on financial institutions, continuing its 2017 ban on cryptocurrencies. With this, financial institutions and payment gateway companies in China are banned from providing any cryptocurrency-related services. On Wednesday, cryptocurrency exchanges opened...
Bitcoin Back to $42K, Nearly Recovering All of Wednesday’s Losses
20.5.2021
That didn't take long: Bitcoin is already back to where it was at the start of Wednesday, just before the biggest sell-off in 14 months
BitcoinVend (BCVT) Token Is Now Listed on Bitcoin.com Exchange
20.5.2021
PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of BCVT, being available to trade on the 20th May 2021 at 10:00AM UTC. BCVT was created by the BitcoinVend team, as the native cryptocurrency of their BitcoinVend App. BCVT will start trading with USDT and ETH pairs. What...
Plunge in Bitcoin & Effect on Cryptocurrency
20.5.2021
Recent crypto crash It will be worth noting that the falling of cryptocurrency reinstates the fact that these are volatile assets. The current melting of the cryptocurrency is not attributed to any single isolated event. It is the cumulative outcome of uncertainty and confusion on the part...
Australian Senator Says Cryptocurrency Is Not a Fad — Government Won’t Stand in the Way
20.5.2021
Australian Senator and Minister of Financial Services Jane Hume said that “cryptocurrency is not a fad. It is an asset class that will grow in importance.” She emphasized that the government won’t stand in the way of crypto investing. “We have to let people make their...
Nvidia Aims to Get Its GPUs Back ‘Into the Hands of Gamers’ by Reducing Mining Capabilities on 3 Graphic Cards
20.5.2021
A major chipmaker keeps making efforts to calm down the gaming community’s anger toward cryptocurrency miners who are taking the lead in buying graphic cards massively, boosting its prices. Nvidia has announced that it will deliberately limit the capabilities for some of its newly graphic...
Indian Government to Set up Panel of Experts to Take a Fresh Look at Regulating Cryptocurrencies: Report
20.5.2021
The Indian government is reportedly looking to form a new “panel of experts” to focus on ways to regulate the cryptocurrency industry in the country. “There is a view within the government that the recommendations made by Subhash Garg are dated and a fresh look is needed at use...
ECB Vice President Says Crypto Assets Are ‘Not a Real Investment’ Citing Weak Fundamentals
20.5.2021
The vice president of the European Central Bank (ECB), Luis de Guindos, has warned that crypto assets are “not a real investment” and are “subject to a lot of volatility.” His comments followed massive sell-offs across a broad range of cryptocurrencies. ECB VP Says Crypto...
Chinese Internet Cafe Owners Deal With the Pandemic Crisis by Using Their Facilities to Mine Cryptocurrencies
20.5.2021
The Coronavirus pandemic has driven people to take advantage of new business lines to deal with the economic crisis, and cryptocurrency is once again a headliner. Internet cafe owners in China are using their facilities to set up crypto mining farms after temporarily shutting down in 2020. Owners...
Bitcoin Pizza Initiative Launched Among Heavy Criticism: Only Fiat Accepted
19.5.2021
The Bitcoin Pizza initiative, a new endeavor promoted by Bitcoin influencer Anthony “Pomp” Pompliano, that seeks to fund Bitcoin development while remembering Lazlo Hanyecz’s legendary pizza purchase, was launched yesterday. While being applauded by some, it also raised a lot...
Federal Reserve Bank Presidents: Cryptocurrency Sell-off Not a Systematic Concern, Does Not Affect Fed Policy
19.5.2021
Cryptocurrency sell-off is not a systematic concern for the Fed and does not affect Fed’s policies, two Federal Reserve Bank presidents said Wednesday. “We are all quite aware that crypto can be very volatile,” said the president of the Federal Reserve Bank of St. Louis. Crypto...
Wells Fargo Gets Into Crypto With Upcoming ‘Professionally Managed’ Cryptocurrency Investment
19.5.2021
Wells Fargo will soon offer “a professionally managed solution” for cryptocurrency to clients. “We think the cryptocurrency space has just kind of hit an evolution and maturation of its development that allows it now to be a viable investable asset,” said the president...
Sony Files Patent for Bitcoin Wagering on Playstation and Other Consoles
19.5.2021
Sony, the electronics giant, has revealed a patent that would introduce bitcoin wagering in its consumer electronic products and consoles, like the Playstation system. Spectators of a game could wager about what will happen next in an e-sports competition, and odds would be calculated by a machine...
Bitcoin Drops Below $40K, Crypto Economy Down 17%, Markets Lost $250 Billion Last Week
19.5.2021
On Wednesday, cryptocurrency markets continue to drop lower in value, as the entire crypto-economy has plunged 17% below the $2 trillion mark and now rests at $1.801 trillion. Bitcoin, the leading cryptocurrency in terms of market capitalization, touched a high of $40,770 per unit at 4:48 a.m....
Polygon Rallies Amidst the Bitcoin-Ethereum Showdown
19.5.2021
Among the top 20 cryptocurrencies worldwide, Polygon has enrolled itself with over $10 billion in market capitalization. The numbers were derived last week when market runners like Bitcoin, Ethereum, and others dealt with sharp plunges. As per the latest market update, Polygon (MATIC) has marked...
New OCC head requests review of cryptocurrency rules
19.5.2021
The new head of the OCC thinks that the authority’s crypto rulemaking under Brian Brooks was not done in full coordination with all stakeholders
Cuban Central Bank Issues Warning on the Rising Number of Crypto-Related Ponzi Cases
19.5.2021
Cuba has witnessed some exciting times in the last few months as far as nationwide digital currency acceptance, but the road toward this goal is still under construction. The country’s central bank recently issued a warning about the rising number of cryptocurrency-related scam cases across...
South African Crypto Holders Urged to Approach Tax Body Before It Descends on Them
19.5.2021
A South Africa-based tax expert, David Lesperance, says with the country’s revenue collector now closing in on cryptocurrencies, holders must now take the initiative and approach South Africa Revenue Services (SARS) before it descends on them. Lesperance argues that by making the first move...
Crypto Meets Chess in Coinbase Sponsored Cryptochamps Tournament
19.5.2021
Chess.com, one of the most popular chess internet sites, has announced it will host a contest called “Cryptochamps,” a crypto-themed chess tournament. The event, which will be sponsored by Coinbase, will feature several important cryptocurrency personalities and will offer prizes that...
There’s Close to 300,000 Bitcoin-Pegged Tokens Hosted on ETH and BSC, Value Exceeds $12 Billion
19.5.2021
For quite some time now cryptocurrency traders have been leveraging bitcoin-based assets tethered to alternative blockchains. Mid-May statistics show there’s more than 299,000 bitcoin, worth over $12.8 billion today, tied to wrapped or synthetic bitcoin projects hosted on Ethereum or...