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Constitutional Lawyer Attacks Bukele’s Bitcoin Adoption Plan
16.7.2021
A constitutional lawyer has questioned the legality of El Salvador President Nayib Bukele’s bid to make bitcoin (BTC) legal tender alongside the United States dollar.
Per ElSalavador.com, the website of the El Diario de Hoy newspaper, the constitutional lawyer Enrique Anaya has claimed that...
UK's FCA Targets Young Crypto Investors, DeFi Hacks + More News
15.7.2021
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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Investment news
The UK Financial Conduct Authority (FCA) has created a GBP 11m (USD 15.3m) digital marketing campaign to warn its younger...
Bitcoin, Ethereum and Altcoins Show Signs of Another Decrease
15.7.2021
Bitcoin price failed to climb above the USD 33,000 and USD 33,200 resistance levels. BTC is slowly moving lower and it is trading well below USD 32,500. The current (11:45 UTC) price action suggests high chances of more downsides below USD 31,500.
Similarly, most major altcoins are slowly moving...
Watch Spike Lee’s New Ad That Spins Crypto As 'New Money'
15.7.2021
Source: A video screenshot, Youtube/Coin Cloud
US director, screenwriter and actor Spike Lee has rolled out a new ad for crypto ATM provider Coin Cloud, employing a socially-conscious message to praise cryptocurrencies as a tool to advance the empowerment of the underprivileged...
China's Global Bitcoin Hashrate Was On Decline Before Crackdown
15.7.2021
It seems that the Great Miner Migration began even before the latest exodus from China. That country’s share of global Bitcoin (BTC) hashrate started declining before the latest government crackdown, while that in other countries has seen an increase, found the Cambridge Centre for Alternative...
Bitcoin May Surpass USD 66K in 2021 and USD 400K by 2030 - 'Panel of Experts'
15.7.2021
Source: Adobe/STEKLO_KRD
By the end of this year, bitcoin (BTC) may hit the USD 66,000 level, as well as rise above USD 400,000 by the end of 2030, according to the median price prediction by 42 industry players, surveyed by a comparison platform and information service Finder. Though there...
Pundits Label Paraguayan MP’s Crypto Bill a ‘Huge Nothing Burger’
15.7.2021
Twitter-based crypto fans say they are underwhelmed by the details of a crypto-themed private member’s bill unveiled yesterday by the Paraguayan MP Carlos Rejala.
Rejala had first started tweeting about the draft legislation in the wake of the launch of a Salvadorian bill that will in a few weeks’...
Bitcoin and Ethereum Try To Recover, Face Hurdles
15.7.2021
Bitcoin price started a decent upward move above the USD 32,200 pivot zone. BTC even climbed above USD 33,000, but it failed to stay above this level and is currently (04:35 UTC) showing bearish signs below USD 32,800.
Similarly, most major altcoins are also trying to recover. ETH increased by...
Bitcoin Miners Secure Nuclear Deals, ShapeShifting Airdrop + More News
14.7.2021
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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Mining news
Oklo, a California-based company developing clean energy plants, announced a 20-year commercial partnership with Compass Mining...
Musk Sparks Bitcoin Community Ire with Question about Regulation: 'NO ELON'
14.7.2021
Crypto sector social media heavyweights have lashed out at the Tesla supremo Elon Musk after the outspoken entrepreneur piped up on Twitter with a question about regulatory permits for an open source bitcoin (BTC) wallet.
In response to a post from Blue Wallet, a bitcoin wallet developer that...
Paraguayan MP’s ‘Leaked’ Crypto Bill Makes No Mention of Bitcoin
14.7.2021
Carlos “Carlitos” Rejala at a crypto mining farm. Details of a Paraguayan private member’s bill that its author promised would bring bitcoin (BTC) and crypto into the national economy have allegedly been leaked to the media hours before they were due to be unveiled.
The alleged bill is...
Bitcoin, Ethereum and Altcoins Trend Turns Bearish
14.7.2021
Bitcoin price remained in a bearish zone and it extended its decline below USD 32,500. BTC even broke the key USD 32,200 support zone. It is currently (04:28 UTC) showing bearish signs and it might accelerate lower towards USD 30,000.
Similarly, most major altcoins are trading in the red zone....
Australian SMEs Catching Crypto Wave While An ETF In Works
13.7.2021
An increasing number of Australian small and medium-sized enterprises (SMEs), even accounting firms, are investing in cryptoassets, following examples of Tesla and MicroStrategy, according to local crypto exchange Swyftx.
Over the past year, Swyft’x customer base has grown from around 15,000 users...
Inflation Soars In US, 'Very Healthy' Crypto Scrutiny + More News
13.7.2021
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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Economics news
US consumer prices increased by the most in 13 years in June amid supply constraints and a continued rebound in the costs...
Bitcoin's Taproot is Activated on Testnet
13.7.2021
While the major Bitcoin (BTC) upgrade Taproot usually makes headlines, a significant development seems to had flown under the radar - its activation on the testnet.
Bitcoin developers, including Athony Towns, confirmed that Taproot has been successfully activated on the testnet last week.
Missed...
Surprise! An ESG-Conscious Giant Increases Indirect Exposure to Bitcoin
13.7.2021
In the midst of major and ongoing ESG (environmental, social, and governance) debate, an ESG-conscious US-based investment giant, Capital Group, is increasing its indirect exposure to bitcoin (BTC). This time, via a more than half a billion dollars investment into software developer and major...
UK Detectives Break Crypto Seizure Record, Brace For More
13.7.2021
The London Metropolitan Police said it has seized almost GBP 180m (USD 249m) in an unspecified cryptocurrency during an ongoing investigation into international money laundering that "will continue for months to come."
"This is believed to be one of the largest seizures globally...
Korean Regulators Want to Police All Int’l KRW Trading Crypto Exchanges
13.7.2021
All crypto exchanges must apply for trading permits if they are targeting South Korean investors – no matter where in the world they are based, according to Eun Sang-soo, the head of the South Korean Financial Services Commission (FSC), the top regulator for the financial and crypto industries.
As...
Tax Haven Citizenship Loophole for US Crypto Folk May Not Stay Open for Long
13.7.2021
Source: Adobe/Rafael Ben-Ari
A Russian ex-pro sailor has been touting a tax haven investment program for American crypto traders who are looking for legal loopholes to help them escape paying capital gains tax on their profits. But the program could have a shelf life if global regulators succeed...
Bitcoin, Ethereum and Altcoins At Risk of Major Breakdown
13.7.2021
Bitcoin price failed to overcome selling pressure and it remained well below USD 35,000. As a result, BTC saw a fresh decline below the USD 33,500 support. It is currently (04:25 UTC) showing a few bearish signs, but the USD 32,200 support holds the key.
Similarly, most major altcoins are slowly...