The crypto community is pushing back against amendments to the crypto provisions of the White House’s infrastructure plan — which seeks to raise $28 billion for infrastructure funding through expanded taxation on crypto transactions and impose new reporting requirements for crypto “brokers.” On August 6, Senators Mark Warner and Rob Portman proposed a “last-minute amendment” …
Yearly archives: 2021
JPMorgan now offers clients access to six crypto funds … but only if they ask
JPMorgan Chase quietly opened up access to six crypto funds over the past three weeks as it looks to offer crypto exposure to a variety of clients. In the latest move, the bank’s private clients will now have access to a new Bitcoin fund created by crypto investment firm New York Digital Investment Group (NYDIG). …
Continue reading “JPMorgan now offers clients access to six crypto funds … but only if they ask”
Bakkt is finally bringing Bitcoin (BTC) payments to US stores
Digital asset marketplace Bakkt announced a partnership with the sandwich restaurant chain Quiznos, to launch its first physical location pilot enabling customers to pay for their food in Bitcoin (BTC). Starting mid-August, diners can opt for crypto payments at selected Quiznos restaurants in the Denver area, including the high-traffic location at the Denver International Airport. …
Continue reading “Bakkt is finally bringing Bitcoin (BTC) payments to US stores”
Ciphertrace Announces Enhanced Monero Tracing Capabilities for Governments
Crypto compliance firm Ciphertrace has announced enhanced tools for tracing Monero transactions. “Ciphertrace takes Monero tracing capabilities to the next level with the ability to follow the flow of funds backwards from the transaction of interest to its source,” the company claims. Ciphertrace Claims to Have ‘Enhanced’ Tools to Trace Monero Transactions Blockchain analytics and …
Continue reading “Ciphertrace Announces Enhanced Monero Tracing Capabilities for Governments”
Analyst Predicts ‘Refreshed Bull Market’ for Bitcoin, Price Heading Toward $100K
Bloomberg Intelligence analyst Mike McGlone sees “a refreshed bull market” for bitcoin. Comparing the performance of the cryptocurrency to the start of 2019, he explained, “we see performance parallels that could get the benchmark crypto back on track toward $100,000.” Bitcoin Back on Track Toward $100,000 Bloomberg Intelligence published analyst Mike McGlone’s August cryptocurrency outlook …
Continue reading “Analyst Predicts ‘Refreshed Bull Market’ for Bitcoin, Price Heading Toward $100K”
Coinbase Enables Crypto Buys With Apple Pay, Instant $100K Cashouts, Google Pay to Follow
The Nasdaq-listed cryptocurrency exchange Coinbase has enabled crypto buys with Apple Pay, and instant cashouts of up to $100,000 per transaction. The company will also soon enable crypto buys with Google Pay. Buy Cryptocurrencies on Coinbase With Apple Pay Crypto exchange Coinbase announced Thursday that users can now buy bitcoin and other cryptocurrencies on its …
Marvel to Launch Spider-Man NFTs This Week — NFT Comic, ‘Super-D Figures’ to Follow
On August 5, Orbis Blockchain Technologies Limited and Marvel Entertainment kicked off the Veve Digital Collectibles’ “Marvel Month” celebration. The two companies plan to issue the first non-fungible token (NFT) assets featuring the Marvel Super Hero, Spider-Man. The Orbis Veve App and Marvel to Launch the First Spider-Man Statue NFTs This week, Spider-Man and non-fungible …
Ethereum network burns $395K ETH per hour after London upgrade
Approximately 2.3 ETH is being burnt every minute through the new transaction fee mechanism introduced in Ethereum’s London upgrade on August 5. The highly anticipated London hard fork went live on Wednesday this week, ushering in the EIP-1559 upgrade that adjusted gas fees. Part of that adjustment introduced a mechanism that burns some of the …
Continue reading “Ethereum network burns $395K ETH per hour after London upgrade”
Shanghai Man: Chainlink hackathon, OKExChain nets $2B TVL, and Tencent unveils ‘magic’ NFT platform
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. Much like last week, China’s minor COVID flareups dominated the headlines as the country seeks to avoid more serious lockdowns. Cryptocurrency managed to …
Venezuela to launch CBDC in October — and cut six zeros from its currency
The Central Bank of Venezuela will launch a CBDC in October alongside a monetary redenomination that will cut six zeros from the currency due to raging inflation. As of Oct. 1, the digital bolivar will begin circulation in the economy. Its cash equivalent will get a new 1-bolivar coin, along with banknotes ranging from 5 …
Continue reading “Venezuela to launch CBDC in October — and cut six zeros from its currency”
Bitcoin bulls overtake the $40K barrier ahead of Friday’s $625M options expiry
Despite the recent breakouts to the $40,000 level, Bitcoin (BTC) price could still face downward pressure in August. The 42% rally in late July effectively inspired some optimistic short-term options bets but the initial data largely favors the neutral-to-bullish call options, and failure to sustain $40,000 has significantly reduced this advantage. A good deal of …
Continue reading “Bitcoin bulls overtake the $40K barrier ahead of Friday’s $625M options expiry”
Bitcoin Analyst Says ‘Young’ BTC Is on the Move – Here’s What It Could Mean for the Markets
On-chain analyst Willy Woo says that Bitcoin (BTC) has entered a period of “maximum noobishness.” Woo tells Scott Melker in a new interview that BTC is now in a zone where the “smart money” has essentially stopped selling. ADVERTISEMENT The coins that are currently moving among investors are “young” assets that were recently acquired, …
Lead Republican behind infrastructure bill negotiations supports crypto amendment
Senator Rob Portman, one of the lead Republican voices for negotiations over an infrastructure bill in the United States Senate, said he supports an amendment clarifying the intent of a cryptocurrency provision. In a tweet today, Portman encouraged his colleagues in the Senate to vote on an amendment proposed this week by Ron Wyden, Cynthia …
Continue reading “Lead Republican behind infrastructure bill negotiations supports crypto amendment”
Bitcoin Price Prediction: BTC/USD Bears Demolish $38,000 Support
Bitcoin Price Prediction – August 5 The Bitcoin price prediction shows that BTC remains below the moving averages, trading at $53,366 support. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000 $48,000 Support Levels: $34,000, $32,000, $30,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is currently facing a setback as this …
Continue reading “Bitcoin Price Prediction: BTC/USD Bears Demolish $38,000 Support”
Cardano (ADA) founder teases announcement of smart contract rollout date
So far, 2021 has been a stand-out year for Cardano. Having started the year at $0.18, the number five cryptocurrency enjoyed a strong surge taking its price to an all-time high of $2.50 by mid-May, a +1,288% gain. Even during the FUD-induced downturn that followed, Cardano faired better than most others. Still experiencing a 64% …
Continue reading “Cardano (ADA) founder teases announcement of smart contract rollout date”