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Americans Increasingly Invest In Crypto Even During Downturn
21.7.2021
Contradictorily, in the US, people seem to trust crypto more, while at the same time lacking information about it.
As the data gathered by the "real-time insights enablement platform" Civic Science indicates, since the beginning of the year, the number of people who have invested...
America's Oldest Bank, BNY Mellon, Doubles Down On Its Crypto Strategy
21.7.2021
The oldest bank in the US, New York Mellon Corp., has joined another US-based financial giant State Street in order to develop "a platform to support the entire digital asset life cycle."
Both companies are now part of the consortium of banks that collaborate with London-based Puremarkets...
European Commission Clarifies What It Means By 'Anonymous Crypto Wallets'
21.7.2021
The European Commission (EC) confirmed that their planned new set of legislative proposals concerns cryptoasset accounts provided by Virtual Asset Service Providers (VASPs), such as exchanges, but not non-custodial privacy wallets, such as Wasabi or Samourai.
"Indeed, open-source...
Bitcoin Returns Above USD 30K, Ethereum, Altcoins Rally
21.7.2021
Bitcoin price found support above USD 29,250 and started an upside correction. BTC climbed above the USD 30,000 level and is currently (04:31 UTC) showing recovery signs. If it succeeds to stay above USD 30,000, the price could test the USD 31,000 resistance.
Similarly, most major altcoins...
FTX Confirms Its Mega Raise As Investors Bet on Crypto Future
20.7.2021
Sam Bankman-Fried, CEO of FTX. Source: A video screenshot, Youtube/FTX Official
As expected, two-year-old major crypto derivatives exchange FTX was valued almost 20 times more in a recent investment round, one of the largest raises in the crypto industry.
The operator of the exchange, FTX Trading...
European Commission Targets Crypto Wallets And Citizens' Privacy
20.7.2021
The European Commission (EC) announced "an ambitious package" of legislative proposals that would decrease the privacy of the EU citizens if implemented.
"Today's measures greatly enhance the existing EU framework by taking into account new and emerging challenges linked...
Pre-Crash Survey: 70% Of Institutional Investors Considered Buying Crypto
20.7.2021
Before the crypto market started its downturn in April this year, around 70% of surveyed global institutional investors planned to buy cryptoassets eventually.
Also, more than 50% of the 1,100 investors surveyed by Coalition Greenwich on behalf of Fidelity Digital Assets, a crypto-focused arm...
Ethereum, Altcoins Drop Against Bitcoin Amid Risk Asset Seloff, Strong USD
20.7.2021
Bitcoin price is following a bearish path below the USD 32,000 pivot level. BTC even broke the main USD 30,000 support zone. The price is currently (04:23 UTC) moving lower and it could even test the USD 28,000 support in the near term.
However, BTC is the best performing major cryptoasset today...
'Unprecedented' Alliance Against China, Crypto Investment Flows + More News
19.7.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Politics news
"An unprecedented group" of allies and partners – including the European Union, the United Kingdom, and NATO –...
How Big of a Threat to Your Crypto is Scandalous Pegasus Spyware?
19.7.2021
A data leak revealed a malware that may have been used for spying on human rights activists, journalists, and lawyers across the world. It infects people's Android and iOS devices, extracting all the existing information. Yet, the threat doesn't seem to be that large for crypto users, according...
Crypto Market Sentiment Drops; Uniswap Falls Most, Bitcoin Least
19.7.2021
Source: iStock/da-kuk
Following two consecutive weeks of a rise in market sentiment, the last seven days have brought another drop. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins fell from 5.03 recorded last week to 4.7 today, according to the market...
FC Barcelona Is Said to Be Talking to Crypto Firms about Shirt Sponsorship
19.7.2021
Footballing giants FC Barcelona could be set to sight up with a crypto-related shirt sponsor, per reports from Spain.
The club – one of the biggest and most successful in the world – currently has a deal in place with the Japanese e-commerce giant Rakuten. The firm operates the Rakuten Wallet...
Unconfirmed Stablecoin Report Brings Confusion Amid Bukele’s Bitcoin Law
19.7.2021
A Salvadorian economist has hit out at President Nayib Bukele and his younger twin brothers – after a report claimed that the Bukele family has been secretly planning the release of a stablecoin and a crypto wallet.
Per El Diario de Hoy’s website ElSalvador.com, economist Tatiana Marroquín,...
Bitcoin, Ethereum and Altcoins Remain In Downtrend
19.7.2021
Bitcoin price remains in a bearish zone below the USD 32,500 resistance. BTC is currently (04:34 UTC) showing bearish signs and it could even continue lower below USD 31,000. The main breakdown support is still near the USD 30,000 level.
Similarly, most major altcoins are moving lower. ETH is...
Investors Are Still Free To Use Binance, Says Polish Regulator
16.7.2021
Source: a screenshot, Instagram/binance
After warning local investors about Binance last week, Poland’s Financial Supervision Authority (KNF) reminds that they are still free to decide whether to use this platform. As it does not supervise crypto exchanges in Poland, the authority only reacts...
Softbank Invests In Bullish, Bank Of America & Bitcoin Futures + More News
16.7.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news
SB Northstar, a unit of SoftBank Group, agreed to invest USD 75m in Bullish, the sponsor of a not-yet-operational crypto...
Bitcoin Mining Difficulty Is Set to Drop to June 2020 Level This Weekend
16.7.2021
Bitcoin mining rigs. Bitcoin (BTC) mining difficulty is set for another notable drop this weekend - this one dragging it down to the June 2020 level.
Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, is expected to drop around 6% in less than two days,...
PayPal US Users Can Now Spend More on Bitcoin in Week Than They Could in Year
16.7.2021
Online payments giant PayPal has made a major change for their US customers - it now allows them to spend five times more on bitcoin (BTC), ethereum (ETH), and other supported cryptoassets a week.
"As part of our efforts to meet the ever-changing needs of our customers, we are pleased...
Bitcoin, Ethereum and Major Altcoins Still Ruled By Bears
16.7.2021
Bitcoin price failed to stay above the USD 32,200 support zone. BTC extended its decline and it even traded below USD 31,550. It tested the USD 31,150 level and it is currently (04:24 UTC) attempting an upside correction.
Similarly, most major altcoins are trading in the red zone. ETH settled below...
Square Targets Bitcoin DeFi Business
16.7.2021
Jack Dorsey. Source: a video screenshot, Youtube/Ted
Twitter CEO Jack Dorsey-led US-based payments company Square doubled down on its Bitcoin (BTC) strategy with decentralized finance (DeFi)-related plans.
"Square is creating a new business (joining Seller, Cash App, & Tidal) focused...