Jaime Guevara, a Salvadoran representative, presented a lawsuit against the recently approved bitcoin tender law today. Guevara alleges the law is unconstitutional and brings a series of changes that will cause problems for Salvadorans. Some people suspect Bukele’s regime is behind the representative’s demand due to its inability to applying this novel law. Salvadoran Representative …
Yearly archives: 2021
Privacy Is Key for Successful Digital Euro, Data Protection Body Says
The European Data Protection Board (EDPB) has issued a call for EU institutions to uphold privacy when designing a digital version of the euro. The agency is ready to provide advice on data protection matters surrounding the project. Meanwhile, an ECB executive has vowed that the digital euro will protect users’ privacy. EDPB Insists Data …
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As China Cracks Down on Bitcoin Miners, Stealth Miners and Mystery Hashrate Return
While on the surface it seems officials from five provinces in China have been cracking down on bitcoin miners, no one is quite sure how much hashrate is moving, which pools are affected, or where these miners will end up. A number of mining pools have seen hashpower percentages decline and Bitcoin’s overall hashrate has …
Digital Euro Promises To Protect People’s Privacy, According to ECB Board Member
European Central Bank (ECB) executive board member Fabio Panetta promises that the digital euro will respect the privacy of consumers. In a Financial Times report, Panetta says the digital version of the euro will offer more privacy to users compared to stablecoins issued by private companies. ADVERTISEMENT He highlights that the ECB is not …
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Top Chinese Bank Bans Access to Crypto, Issues Stern Warning To Rule Breakers
China’s third-largest bank, the Agricultural Bank of China, has announced it is cracking down on cryptocurrency transactions. Agricultural Bank of China (AgBank) is the country’s third-largest lender by assets, currently overseeing more than $4.20 trillion. The banking giant issued a statement prohibiting the use of its services for virtual currency transactions such as Bitcoin, following …
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Institutional exchange launches crypto debit card
Intercontinental Exchange subsidiary Bakkt has introduced a debit card allowing customers to use crypto for retail purchases. In a Tuesday announcement, Bakkt said it had launched a fully virtual Visa debit card for both online and in-store spending. Card holders can spend Bitcoin (BTC) from their Bakkt accounts without waiting to convert the cryptocurrency to …
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Bad call? Bitfinex bears closed a block of Bitcoin shorts before the drop below $32K
Bitcoin price is still in a rut, trading near $33,000 and trapped in a downtrend that just seems to get worse with the passing of each day. As the price slumps, analysts have consulted with several technical and on-chain metrics to explain the price collapse, but none of these have picked up on the exact …
ICO issuer charged with fraud by SEC for selling unregistered security
The United States Securities and Exchange Commission, or SEC, has charged a cryptocurrency issuer for “making materially false and misleading statements” in connection with an unregistered security offering conducted between August 2017 and January 2018, offering further evidence that regulators were still targeting initial coin offerings from the last major market mania. Loci Inc., the …
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MicroStrategy stock tanks with Bitcoin as S&P 500, Nasdaq rally
Shares of MicroStrategy (MSTR) plunged anew on Tuesday, extending an early week slump on the back of a highly volatile cryptocurrency market that saw Bitcoin (BTC) briefly pierce below $30,000. MSTR touched an intraday low of $513.02 through the early morning session, capping off a 12% decline. Shares of the business intelligence firm collapsed 16.7% …
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Ethernity Chain (ERN) Goes Live on Binance’s Innovation Zone
June 22, 2021 – George Town, Cayman Islands Ethernity Chain (ERN) is coming to Binance’s Innovation Zone and will receive three trading pairs later today. The popular community-oriented platform, with a strong focus on authenticated and limited edition NFTs, has received a lot of attention lately. This token listing further enhances the appeal of what …
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Public Mint Integrates With USDC To Offer Bridge to Ethereum
June 22, 2021 – San Francisco, California Public Mint, the fiat-native public blockchain ecosystem, is excited to announce that Circle’s USD Coin (USDC) will now be natively integrated with the Public Mint blockchain, providing a simple gateway to connect Public Mint’s fiat-centric network to the vibrant DeFi ecosystem on Ethereum – and potentially other major networks where …
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Trader Jason Pizzino Is Targeting This Key Level for Altcoins Amid Sustained Crypto Market Correction
Crypto analyst Jason Pizzino is tracking the performance of altcoins as the broader digital asset market continues to pull back. In a new video, Pizzino tells his 188,00 subscribers that he’s keeping a close watch on the TOTAL2 Index chart, which calculates the market capitalization of all crypto excluding Bitcoin. ADVERTISEMENT According to the …
Blockchain Capital secures $300M funding from PayPal, Visa
PayPal and Visa are among several major investors to have participated in a $300 million funding for Blockchain Capital. In a release issued on Tuesday, Blockchain Capital announced that the close of its Blockchain Capital V LP. According to the release, Fund V, capped at $300 million was oversubscribed with numerous investors including college endowments, …
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Bitcoin price clings to $32K as on-chain metrics hint at further downside
Cryptocurrency investors awoke to another round of price declines on June 22 after the price of Bitcoin (BTC) dropped to a 6-month low at $28,805. The dip below the crucial $30,000 level might appear to be a prime buying opportunity but data shows that institutional investors are continuing their longest selling streak since February 2018. …
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Biden nominee for Treasury Dept will prioritize crypto regulation
Brian Nelson, President Joe Biden’s nominee for under secretary for the Department of the Treasury’s division on terrorism and financial crimes, said he would prioritize implementing new regulations around cryptocurrency. In a Tuesday hearing of the Senate Committee on Banking, Housing, and Urban Affairs, Nelson said he would be focusing on anti-money laundering, or AML, …
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