Alchemy Pay (ACH), a crypto project that’s surged more than 7,280% in the past two weeks on the heels of a listing on Coinbase, says it’s rolling out a virtual card that will be accepted across millions of merchants on the Visa and Mastercard networks. The move is designed to spur the adoption of numerous …
Author archives: Adam Owen
Bitcoin Breaks $45K As Community Rallies Against Infrastructure Bill – eToro Crypto Roundup
Market shrugs off regulatory onslaught to reach prices not seen since May. Cryptoasset prices are accelerating higher as US regulators put Bitcoin in the spotlight and Ethereum celebrates a successful network upgrade. Crypto has become the most hotly debated aspect of Biden’s $1 trillion infrastructure bill, and prices across the market are lapping up the …
Cardano Gets Approval for Listing on Crypto Exchanges in Japan
Crypto investors in Japan can look forward to buying and selling Cardano as the fifth-largest crypto asset gets the green light for listing on exchanges operating in the country. Sebastien Guillemot, the former executive of Cardano-founding entity EMURGO, says that getting ADA’s regulatory approval is no easy feat due to Japan’s “strict” rules involving the …
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Coinbase’s capital markets head reportedly leaves company
Brett Redfearn, the former director of the division of trading and markets at the United States Securities and Exchange Commission (SEC), has reportedly left his position at Coinbase after less than five months. According to a Wall Street Journal report, Redfearn resigned as the head of Coinbase’s capital-markets group at the end of July. People …
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Bears lick their paws while Bitcoin price blasts through $46,000
Bitcoin (BTC) hiked 20% in seven days in an unexpected move that brought the price to its highest level since May 18. The price appreciation happened despite U.S. Treasury Secretary Janet Yellen reportedly supporting a broader definition of crypto companies in the HR 3684 infrastructure bill currently being considered in the U.S. Senate. Even though …
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Swipe, IoTeX and CyberVein lead altcoins higher after Bitcoin hits $46K
The cryptocurrency market has shown a new level of resilience on Aug. 9 as a majority of tokens have managed to maintain recent gains and Bitcoin price hit a new 3 month high at $46,293. Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were IoTeX (IOTX), CyberVein …
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Bitcoin Must Crush This Crucial Price Level To Rejuvenate Bull Market, According to Crypto Strategist Benjamin Cowen
Popular crypto trader and strategist Benjamin Cowen says he’s keeping a close watch on a key price level as bulls try to take full control of the Bitcoin market. In a new strategy session, Cowen tells his 489,000 YouTube subscribers that bulls must convincingly push Bitcoin above the 200-day simple moving average (SMA) to put …
BREAKING: US lawmakers behind crypto amendments to infrastructure bill introduce compromise
Senators putting forth differing amendments for provisions in the infrastructure deal which apply to crypto have reached a compromise after a legislative setback. In a press conference today, Senator Pat Toomey said there was now a bipartisan agreement on an amendment to infrastructure bill HR 3684 backed by Cynthia Lummis, Rob Portman, Mark Warner, Kyrsten …
Cryptocurrency mining under proposed US policy changes
The regulatory scrutiny of blockchains and cryptocurrencies is increasing. From the cryptocurrency mining ban in China to President Joe Biden’s Working Group on Financial Markets, convened by Treasury Secretary Janet Yellen, the economic activities that support and are enabled by blockchains have become a significant concern for policymakers. Most recently, a provision in the proposed …
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Indonesian crypto exchange Pintu raises $35M in Series A
Pintu, Indonesia’s first mobile native cryptocurrency wallet and trading platform, has raised $35 million from some of blockchain’s biggest venture funds — putting the company on track to expand its team and product offerings in the near future. The Series A was led by Lightspeed Venture Partners, a technology-focused investor with broad exposure to blockchain, …
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Tether claims to have increased total assets by $21B in new accounting review
Tether Holdings Limited, the company behind the USDT stablecoin, released an independent accountant report on Monday claiming that its tokens are fully backed by its reserves. Moore Cayman, an accounting network based in the Cayman Islands, reviewed Tether’s latest Consolidated Reserves Report, or CRR, and determined that the company met its reserve obligations for the …
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TomiEx: CBDC’s would eventually lose competition to global stablecoins
Disclosure: This is a sponsored post. Readers are encouraged to conduct further research prior to taking any actions. Learn more › Central bank digital currencies, or CBDC’s, are unlikely to significantly solve the problem of facilitating international cross-border online services, unless central banks put heavy regulations on global stablecoins like Diem. The reason for this …
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US Senator says proposed crypto laws are a ‘huge mistake’
In one of the earliest opposition to the move to adopt the provision of a crypto tax provision in the $1.2 trillion infrastructure bill, United States Senator, Mike Lee, has raised concerns that the move would send more citizens below the poverty benchmark line. While warning that passing the legislation, which he describes as being …
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Coinbase integrates Apple Pay for crypto investments
Coinbase integrates Apple Pay for crypto investments | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Adoption The crypto exchange onboarded one of the world’s most popular payment processors for its crypto payments services. Shaurya Malwa · August 9, 2021 at 3:20 pm UTC · …
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India Plans to Unveil Central Bank Digital Currency Model by Year End
The deputy governor of India’s central bank, the Reserve Bank of India (RBI), says the bank should be able to come up with a central bank digital currency (CBDC) model by the end of this year. India May Unveil a CBDC Model by Year End The Reserve Bank of India (RBI) may unveil a model …
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