Bank of Thailand says a growing number of companies are asking for payments in cryptocurrencies, such as bitcoin and ether. The central bank reiterates its stance on crypto and warns of the risks of using them as a means of payment. The Bank of Thailand (BOT), the country’s central bank, issued a warning notice titled …
Monthly archives: July 2021
Charles Hoskinson Responds to Cardano Critics Questioning the Platform’s Traction
Cardano founder and IOHK (Input Output Hong Kong) CEO Charles Hoskinson is responding to critics of the blockchain platform and its native crypto asset, ADA. Ethereum advocate and owner of This Week in Ethereum, Evan Van Ness, recently scrutinized the number of transactions settled on the Cardano network relative to its market cap. ADVERTISEMENT …
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3 reasons why Constellation (DAG) price outperformed most altcoins this week
The concerns voiced about the consensus mechanisms of Bitcoin (BTC) and Ethereum (ETH) have played a part in the sideways price action both assets have seen over the past two months, opening the door for other competing projects to gain attention. One project that managed to overcome the sideways action in the market and rally …
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Options traders aim for $100K Bitcoin by the end of 2021, is there a chance?
Bitcoin (BTC) investors are known for being bullish, and even during 50% corrections like the current one, most analysts remain optimistic. One reason for investors’ endless optimism and belief in infinite upside could be BTC’s decreasing issuance and the 21 million coins fixed supply limit. However, not even the most accurate models, including the stock-to-flow …
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Crypto community spends $1 million to revive Elon Musk-inspired token Floki Inu
Earlier this week, CryptoSlate reported that Floki Inu (FLOKI), a new dog-themed token inspired by Elon Musk, “pulled the rug” from under its users not once but twice in just a few days. However, Floki’s community members have shared their side of the story: one full of betrayals, sacrifices, and miraculous revivals. Floki’s story began …
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Ukraine Uncovers Country’s Largest Illegal Mining Farm to Date
The Security Service of Ukraine (SBU) has located a massive coin minting facility that was illegally connected to the power grid in Vinnytsia. Law enforcement officials claim it’s the largest underground crypto mining farm they have found so far. Ukraine Seizes Thousands of Video Game Consoles Mining Crypto With Stolen Electricity Ukraine’s main law enforcement …
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Stock-to-Flow Bitcoin Price Model Criticized as BTC Price Ratio Matches 2019 Statistics
During the last week, crypto enthusiasts and traders have been discussing the stock-to-flow (S2F) bitcoin price model created by the pseudonymous crypto analyst “Plan B.” Despite Plan B’s worst and best case scenario calls on June 20, a touch over a week later the analyst said the “next 6 months will be make or break …
NCLA Files Appeal Against the IRS — Law Firm Claims Tax Agency Unlawfully Seizes Crypto Data of Thousands
On Friday, the public interest law firm New Civil Liberties Alliance (NCLA) filed an opening brief in the cryptocurrency case of James Harper v. Charles P. Rettig. The NCLA argues that Harper’s Fourth and Fifth Amendment constitutional rights were violated by the Internal Revenue Service (IRS). The U.S. tax agency is accused of obtaining Harper’s …
BTC Price Gains 2.4% to $33,728 – How to Buy Bitcoin Weekend Bulls
Bitcoin has been making great strides in its price action since the May market crash. Bitcoin has shown remarkable resilience in maintaining levels above $30K, a move that has offered support to the rest of the market and protected the market from further crashes. BTC is trading at $3,728 on major exchanges at the time …
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DOGE Price Dips 1.6% to $0.217 – Where to Buy Weekend Rally
Dogecoin is currently ranking seventh in the crypto chart because of the size of its market capitalization. DOGE had an uptrend on July 9 after Elon Musk tweeted about the coin stating that its upgrade would merit it to rank above bitcoin and ethereum. However, the uptrend was short-lived, and dogecoin’s bears have resumed. Dogecoin …
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EOS Price Up 13.6% to $4.05 – How to Buy EOS Gains
EOS is one of the popular cryptocurrencies in the market currently. With the majority of the market trading in the green zone, EOS has made significant gains in the past 24 hours. Currently, EOS ranks as the 28th largest cryptocurrency in terms of market capitalisation. The coin is trading at $4.05 at the time of …
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Shiba Inu Falls 0.5% to $0.00000787 – How to Buy SHIB
Shiba Inu is one of the best performing altcoins in the market right now. Shiba Inu has garnered much support as one of the leading meme coins, and its value has largely grown since its launch. SHIB’s popularity is mainly derived from influencers on social media platforms. SHIB is trading at $0.00000787 at the time …
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$395 Billion Investment Firm Buying Massive Stake in Michael Saylor’s MicroStrategy
An investment firm says it has purchased a sizable stake in MicroStrategy, an enterprise software company founded by Bitcoin (BTC) bull Michael Saylor. According to a filing with the U.S. Securities and Exchange Commission (SEC), Capital International Investors added 953,242 shares of MicroStrategy (MSTR) to its holdings, worth nearly $600 million. ADVERTISEMENT With the …
US Senator Reveals He’s Invested in Bitcoin and Ethereum – Here’s How Much Crypto He Holds
A US lawmaker who sits on the powerful Senate Banking Committee is disclosing his investments in Bitcoin (BTC) and Ethereum (ETH). Pennsylvania Republican Pat Toomey has invested up to $30,000 in BTC and ETH through Grayscale’s trust offerings. ADVERTISEMENT Per a disclosure Toomey filed with the Senate Office of Public Records, Toomey invested between …
Binance To Expand Compliance Team Amid Regulatory Backlash, Says It Helped Demolish a $500,000,000 Ransomware Ring
Cryptocurrency exchange giant Binance is preparing to expand its compliance team in response to global regulatory pressures. Binance recently ran into regulatory hurdles in Japan, Canada and the UK and is facing questions on whether it has failed to comply with domestic regulations. ADVERTISEMENT On Wednesday, Binance CEO Changpeng “CZ” Zhao shared an open …