After a long break, monthly purchasing data shows that central banks are buying gold again. The World Gold Council says throughout March and April, the organization recorded a higher level of central bank monthly gold purchases and the latest data from May shows the exact same trend. Gold Rises After Data Shows Central Bank Gold …
Yearly archives: 2021
Tether and Stablecoin FUD Overblown, According to Coin Bureau – Here’s Why
The popular crypto analyst and host of Coin Bureau is outlining why he thinks concerns and criticisms surrounding Tether and stablecoins are generally overblown. In a new video, the pseudonymous analyst who goes by Guy names a few key reasons why Tether and stablecoins pose no significant risk to the crypto industry. ADVERTISEMENT Tether, the …
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Tesla Facing Up to $100,000,000 Bitcoin Impairment Loss in Q2 Amidst Crypto Price Slump: Report
Bitcoin’s recent dramatic sell-off could trigger a $100,000,000 impairment loss on Tesla’s Q2 financial records. After BTC’s drop from an all-time high of $64,800 to as low as $29,100, CNBC technology reporter Kate Rooney explains the electric auto giant will need to disclose this impairment loss in Q2. ADVERTISEMENT “Tesla will face what’s known as …
Crypto Exchange Employee Siphons Bitcoin, Admits to Stealing Private Keys
An ex-employee of the collapsed New Zealand-based cryptocurrency exchange Cryptopia says he stole about $177,000 in crypto from his employer. The theft of the digital assets took place months after the exchange suffered a hack in January of 2019, an event that resulted in the loss of cryptocurrencies valued at over $17.7 million, according to …
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Former European Commissioner Phil Hogan Joins the Astra Protocol Advisory Board
July 6, 2021 – Dublin, Ireland Astra Protocol, a revolutionary legal layer that brings unparalleled assurance to public blockchains, is excited to announce that the former European Commissioner for Trade, Phil Hogan, has joined its advisory board as an executive advisor. Phil has had an exceptionally successful political career. He brings a wealth of experience in …
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Licensed Iranian crypto miners ordered to halt production ‘altogether’
Eshaq Jahangiri, the first vice president of Iran under Hassan Rouhani, has called on all legally operating crypto miners in the country to stop producing coins. According to a Wednesday report from the Tasnim News Agency, Jahangiri said at a meeting with officials of the Ministry of Energy that the electricity restrictions for Iranians were …
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BREAKING: Binance suspends euro bank transfers amid regulatory heat
Regulatory constraints facing Binance have forced the popular cryptocurrency exchange to temporarily halt bank transfers denominated in euros, according to an email sent to its customers on Tuesday. Specifically, euro deposits via the Single Europe Payments Area, or SEPA, have been put on hold indefinitely due to circumstances beyond the exchange’s control, Binance said in …
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From mining to software: China’s regulatory crackdown on crypto continues
Financial regulators in China have shut down a Beijing-based software company they suspect of providing services to crypto traders. In a Tuesday joint statement, the Beijing Financial Supervision and Administration Bureau and the Business Administration Department of the People’s Bank of China issued a warning to all financial institutions and payment service providers to not …
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Price analysis 7/6: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC
The weekend rally in cryptocurrencies was led by Bitcoin (BTC) but this move was not supported by huge trading volumes. According to on-chain analysts at CryptoQuant, the low trading volume suggests that “whales are staying low without much action.” However, Bitcoin has successfully held the $30,000 support for two weeks, which suggests that accumulation is …
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Investors Lap Up the Adults’ Token NAFTY in Pre-Sale Funding
July 6, 2021 – London, England Nafty, a DeFi ecosystem for the $97-billion adult industry, is excited to announce that it has concluded the pre-sale of its NAFTY token. More than 400 public investors lapped up all the NAFTY tokens available for pre-sale in less than 54 minutes on July 5, 2021. Nafty had allocated …
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Moma Protocol Trading Opens on Tuesday, July 6th, Followed by IDO on Bounce, WeStarter & IEO on HotBit
July 6, 2021 – Singapore, Singapore Moma Protocol, the project bringing fully customizable lending pools to solve DeFi assets’ liquidity and scalability problems, is conducting its initial DEX offering (IDO) on July 6, 2021. The IDO will run on the Bounce and WeStarter platforms. Simultaneously, there will be an initial exchange offering (IEO) on the …
‘Virtual Currency’ Becomes Top Priority for FinCEN Amid Ransomware Attacks on Various US Industries
The Financial Crimes Enforcement Network (FinCEN) says its prioritizing digital assets as a new key area of focus. FinCEN, which aims to combat money laundering, terrorist financing and other financial crimes, has outlined in a new report its intention to keep a close eye on “convertible virtual currencies” (CVCs). ADVERTISEMENT In its Anti-Money Laundering …
Class action lawsuit against Binance targets exchange’s futures trading
A group of Italian and international investors have filed a class action suit against major crypto exchange Binance, alleging the firm violated its own rules on futures trading. In a Tuesday announcement, Italy-based legal and consulting firm Lexia LEXIA Avvocati said it would be taking legal action against Binance to recover damages from trades on …
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Backwardation in Bitcoin futures contracts shows pro investors lack confidence
Bitcoin (BTC) might have tested the $40,000 support in mid-July, but according to various derivatives metrics, there has not been a significant change in investor optimism. This situation either means that price is not what they are looking for to mark the end of the current bear market or that most traders are still underwater …
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Striking a chord: DeFi’s domino effect on NFTs and Web 3.0 adoption
Decentralized finance (DeFi) has shined a spotlight on a fairer internet since early 2020, and we’re on the brink of something world-changing. DeFi technology would not be possible without the web infrastructure that is widely used today, demonstrating the tremendous strides we have made with next-level innovation. The third era of the internet has already …
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