Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Square to acquire Australian fintech Afterpay in $29B deal Jack …
Yearly archives: 2021
2 Senators introduce pro-crypto amendment to infrastructure bill; industry says it’s not enough
United States senators Mark Warner and Kyrsten Sinema, both Democrats from Virginia and Arizona, respectively, have introduced a new amendment to the infrastructure bill that would lessen the burden on cryptocurrency tax reporting for miners and wallet providers. As Perianne Boring reported Saturday afternoon, the senators are endorsing an amendment that would exclude cryptocurrency miners …
Here’s what traders expect now that Ethereum price is over $3,000
This week Ethereum’s London hardfork was completed without a hiccup and investors have now reset their eyes on new highs above $3,100. Data from Cointelegraph Markets Pro and TradingView shows that the price of Ether (ETH) did in fact experience a “sell the news” sell-off shortly after London went live but dip buyers quickly rushed in …
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Will Bitcoin Do Better in August Than in July? – Here’s What History Says, According to Kraken Intelligence
Kraken Intelligence is taking a look at Bitcoin’s price potential this August as the flagship cryptocurrency emerges from a turbulent three-month period. According to the crypto exchange’s new report, Bitcoin performed fairly well in July, rewarding holders with +18% returns, which is above the month’s historical average return of 11%. ADVERTISEMENT August is typically …
Crypto community in shock over Brian Brooks’ resignation from Binance.US
After serving as the chief executive officer of major cryptocurrency exchange Binance.US for less than four months, Brian Brooks announced Friday he would be stepping down — a move that was greeted with confusion and suspicion from the crypto community. Citing “differences over strategic direction,” the now-former CEO said he had already resigned his position …
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Bitcoin erases May crash losses as BTC price rebounds to $44K
Bitcoin (BTC) price reacted as high as $44,600 on Aug. 7, the highest level since before the infamous May 19-crash. Meanwhile, there are increasing speculations that BTC could undergo a similar upside boom like the one that began in October 2020. Bitcoin reached $44,600 before correcting lower on profit-taking sentiment. Source: TradingView.com At least two …
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Nigeria moved $40 million via peer-to-peer Bitcoin (BTC) trades last month
Data on Bitcoin peer-to-peer trading has shown that nearly $40 million worth of the leading digital asset was moved in the last 30 days by Nigerian Bitcoin users This figure is in line with those the African country had recorded since her government banned financial institutions from providing their services for crypto transactions. Despite the …
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Tesla CEO Elon Musk Opposes ‘Hasty’ Cryptocurrency Regulation
Tesla CEO Elon Musk says there is no crisis that compels hasty cryptocurrency regulation. He agrees with Coinbase CEO Brian Armstrong that the U.S. government should not pick winners or losers in cryptocurrency innovation. Elon Musk and Coinbase CEO Agree on Crypto Regulation Tesla CEO Elon Musk has chimed in on the heated discussion of …
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US Senator Urges Congress to Stop Treasury From Picking Winners and Losers in Crypto
U.S. Senator Pat Toomey has called on Congress to stop the Treasury Department from maximizing its ability to regulate and tax crypto by picking winners and losers. “Congress should not allow that to happen,” he said. US Senator Urges Lawmakers Not to Crush Crypto Innovation Following the endorsement of a crypto tax amendment by the …
Treasury Secretary Yellen Privately Lobbies Against Tax Amendment Crypto Industry Wants: Report
U.S. Treasury Secretary Janet Yellen has reportedly raised objections to lawmakers about the cryptocurrency tax amendment to the $1 trillion infrastructure bill that is supported by the crypto community. The White House subsequently announced its support for a competing amendment. Yellen Exerting Influence on Lawmakers Regarding Crypto Taxation The new crypto tax proposal in the …
New Bill in Ukraine Would Legalize Crypto and Protect Owners of Digital Assets
The Ukrainian parliament is working on a bill that would legalize cryptocurrencies in the Eastern European country. If passed, the bill will allow Ukraine’s citizens to legally declare and exchange cryptocurrencies, and it will also increase guarantees for crypto buyers, according to Ukraine’s Deputy Minister of Digital Transformation Oleksandr Bornyakov. ADVERTISEMENT In an interview with …
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Binance CEO Unveils New Approach to Compliance Amid Regulatory Setbacks
Binance CEO Changpeng Zhao says the cryptocurrency exchange is taking a proactive approach towards regulatory compliance. Zhao states in a tweet that Binance is ‘pivoting’ after weeks of facing multiple regulatory setbacks across the globe. “Binance pivoting from reactive compliance to proactive compliance. Stay tuned.” ADVERTISEMENT The Binance CEO further says that ‘one of many’ …
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Play-to-earn games are the catalyst for this bullish period in the markets
If you’re conversant with the cryptocurrency space and you keep tabs regularly on the happenings going on in the ecosystem, then you felt the excitement during Bitcoin’s (BTC) rally to $63,000 in mid-April. This excitement is currently being caused by the bullish mood crypto enthusiasts and stakeholders are in at the moment. And this bullish …
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Bitcoin SV rocked by three 51% attacks in as many months
Bitcoin Satoshi’s Vision, the fork of another Bitcoin (BTC) fork, has for the third time in three months suffered a blockchain reorganization (reorg) attack. With a call to all stakeholders to mark the malicious network branch as invalid, Bitcoin SV (BSV) developers say the attacks have been repelled and all fraudulent chains identified. The flurry …
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Bitcoin, Ethereum and These Three Altcoins Have Huge Potential As Crypto Markets Heat Up: Altcoin Daily
Altcoin Daily host Aaron Arnold is sharing why he is bullish on Bitcoin and Ethereum heading into the rest of the year, and he’s also highlighting the potential of three altcoins. Arnold tells his 900,000 YouTube subscribers that while Ethereum, decentralized finance (DeFi) and non-fungible tokens (NFTs) are getting a lot of attention in the …