The scale of Bitcoin’s (BTC) ongoing downside correction might not be as alarming as it was in 2018, indicates data shared by Glassnode. The blockchain analytics firm reported that investors who have held Bitcoin for more than one year showed a lesser interest in liquidating their investments versus those who held the digital asset for …
Monthly archives: August 2021
Israel’s Mossad intelligence agency is seeking to hire a crypto expert
Israel’s national intelligence agency, Mossad, has posted a job listing for an expert in cryptocurrencies who has at least three years of experience in the fintech space. The candidate should have “in-depth technological understanding and expertise in the world of fintech, e-commerce, DEF and digital currencies,” according to the outlined requirements. The role’s description succinctly …
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KYC tools can minimize hassle for US crypto market, FTX CEO says
Ongoing regulatory scrutiny has forced many crypto businesses across the globe to close up shop. Amid this crackdown, Sam Bankman-Fried, CEO of prominent crypto exchange FTX, has been vocal about his continued efforts to adapt to the changing regulations around running crypto businesses, announcing FTX’s efforts toward finding systems for streamlining its Know Your Customer (KYC) …
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Blockchain Australia says gov’t still dismissing industry as a ‘wild west’
Blockchain Australia, an association representing the local crypto industry, has warned that the country has fallen behind on the regulatory front due to the undue persistence of a dismissive “wild west” narrative. The association has been proactive in its engagement with the state in recent months as the government continues to review the future of …
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US SEC fines so-called ‘DeFi’ lending project after $30 million raise
The US Securities and Exchange Commission (SEC) charged two Florida men and their Cayman Islands company for illegally selling upwards of $30 million of securities using smart contracts and even decentralized finance (DeFi) technology, a court filing last week showed. The SEC said the duo misled investors concerning the operations and profitability of the so-called …
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16,000 ETH burned as Bitcoin finally breaks $42,000 resistance. What’s next?
16,000 ETH burned as Bitcoin finally breaks $42,000 resistance. What’s next? Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin · Ethereum › Trading Bitcoin failed 3 times in the past few weeks in breaking the big resistance at $42,000, but finally it overcame …
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Using a Crypto Loan App to Bring Financial Services to Excluded Groups in Africa
In much of Africa, many people still lack access to basic financial services for many reasons. One of the reasons is that financial institutions have set standards or thresholds that make it impossible for low-income earners to even open a bank account. Access to soft loans or other forms of financing is even more cumbersome …
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Ethereum Layer-2 Scaling Solution Arbitrum to Launch This Month
Arbitrum, an Ethereum Layer-2 (L2) scaling solution, announced it would launch its mainnet for users this August. The tool, which allows Ethereum users to transact with very low fees, had launched in beta version last June, with support from some key projects in the Ethereum sphere, like Uniswap, who received a community vote to integrate …
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Brazilian Court Sell $1.1 Million in Bitcoin Seized by Federal Police
A Brazilian federal court ordered the sale of a bitcoin stash worth $1.1 million. The sale was conducted by the largest regulated exchange in the country, Mercado Bitcoin. The Federal Police seized the bitcoin sold from Tradergroup, a company that allegedly was operating as a Ponzi scheme, under the facade of being a cryptocurrency investment …
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Alchemy Pay Drives Crypto Adoption by Bridging Fiat and Crypto Economies
sponsored Digital assets have seen great success as investment tools in recent years, but payment adoption is unfortunately still lagging behind. Alchemy Pay is well on its mission to change this by enabling millions of merchants to accept crypto payments and get paid in their local currency. At the same time, Alchemy Pay also opens …
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As Bitcoin Hits $45,000, BTC Whales Showing No Signs of Profit-Taking: Santiment
Blockchain analytics firm Santiment says that Bitcoin (BTC) whales aren’t showing interest in taking profits as BTC continues to build strength. The firm says that Bitcoin entities holding between 100 and 10,000 BTC now hold 9.28 million coins, or about 44% of the total supply, which is an all-time high for the investor cohort. ADVERTISEMENT …
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Alchemy Pay to launch virtual crypto cards with Visa and Mastercard support
Hybrid crypto-fiat platform Alchemy Pay announced Monday that the company will be launching virtual crypto-linked cards accepting more than 40 cryptocurrencies like Bitcoin (BTC). The new cards can be linked to Google Pay and PayPal digital wallets, and make payments across the Mastercard and Visa networks, as well as popular e-commerce platforms like Amazon and …
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Flash crash rattles gold markets as Bitcoin holds strong
Gold prices have tanked during the Monday morning Asian trading session, compounding losses accumulated over the past week. On August 9, the price of gold quickly fell to its lowest level since March as a flash crash drove prices below $1,700/oz. According to Tradingview, the price of the precious yellow metal plunged to $1,690/oz during …
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Unchanged crypto tax bill will be put to a vote on Tuesday
The provisions aim to raise $28 billion for infrastructure funding through expanded digital asset taxation and will impose broad third-party reporting requirements on any crypto firm deemed to be a “broker.” On Monday, Jake Chervinsky, general counsel to Compound Labs, tweeted that the United States Senate had voted 68 in favor to 29 against ending the …
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New Brazilian Bitcoin ETF pledges carbon neutrality
BITH11, a new exchange-traded fund (ETF) launched in Brazil by crypto-focused alternative investment firm Hashdex Asset Management, claims to be the country’s first “green” Bitcoin ETF. The fund plans to neutralize its associated carbon emissions through purchasing carbon credits. To meet the ETF’s objectives, Hashdex has partnered with Germany’s Crypto Carbon Ratings Institute (CCRI) — …
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