Binance’s regulatory troubles grow with Italy being the latest country to issue a warning on the global cryptocurrency exchange. Other countries that have issued similar warnings include the U.K., Japan, Thailand, and the Cayman Islands. Crypto Exchange Binance Unauthorized in Italy Italy’s financial regulator, Commissione Nazionale per le Società e la Borsa (Consob), published a …
Author archives: Adam Owen
LABS Enters the NFT Market – The Real Estate Market Game Changer
sponsored LABS Group, the first end-to-end crowdfunding service in the blockchain and real estate industry, has launched the world’s first community-powered and owned resort – Kunang Kunang Glamping Resort. LABS Group fractionalised the entire resort into 365 Rewarding Timeshare (RTS) NFTs, providing successful bidders with benefits never seen before in the traditional timeshare market. The …
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Poland, Romania Rank in Top 10 for Number of Bitcoin ATMs, World’s Total Exceeds 23,000
Two East European nations, Poland and Romania, are now among the top 10 countries hosting the most cryptocurrency ATMs. The global number of teller machines supporting crypto transactions has increased exponentially over the past months, now reaching over 23,000 devices. Poland Ranks Among Leading Crypto ATM Destinations The growth in popularity and market prices of …
World’s Largest Asset Manager Blackrock Sees ‘Very Little’ Demand for Cryptocurrencies
The world’s largest asset manager with $9.5 trillion under management, Blackrock, sees “very little” demand for cryptocurrencies, including bitcoin, according to CEO Larry Fink. Blackrock’s CEO Talks About Crypto Demand Larry Fink, the CEO of Blackrock, the world’s largest asset manager, talked about bitcoin on CNBC Wednesday as his firm announced a better-than-expected quarterly profit. …
Here’s How Low Ethereum Could Fall in Coming Weeks, According to Prominent Analyst
A popular crypto analyst who accurately predicted a pair of Bitcoin (BTC) price crashes is issuing a potential price warning on Ethereum. Pseudonymous crypto trader Dave the Wave tells his 69,200 Twitter followers that current price action is starting to suggest that Ethereum (ETH) will likely have a solid correction that could bring it all …
UK FCA will spend £11M to warn people about investing in crypto
The United Kingdom’s Financial Conduct Authority (FCA) created an 11 million pound ($15.2 million) digital marketing campaign to warn citizens about the risks associated with crypto investments. Nikhil Rathi, chief executive of the FCA, made this known in a draft speech for the agency’s webinar titled “Our Role and Business Plan” delivered on Thursday. Detailing …
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China’s crypto industry is gone? Beijing’s crackdown keeps sending shockwaves
Since the start of the summer, a series of measures from Chinese authorities to curb cryptocurrency trading and mining have dominated the crypto news cycle. From urging financial service providers to throttle cryptocurrency-related transactions to ordering a crypto trading software provider shut down, the initiatives coming out of Beijing and their repercussions are widely believed …
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Australian digital finance industry wants to legally recognize DAOs
Specialists and lawyers focused on decentralized finance (DeFi) are launching an initiative to create a new type of legal entity in Australia representing decentralized autonomous organizations (DAOs). The country’s Digital Law Association and global law firm Herbert Smith Freehills are lobbying an Australian Senate committee to formally recognize new decentralized models for corporate governance. These …
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Kenyan electoral commission nominee clamors for blockchain voting
Justus Abonyo, former chair of Kenya’s Social Democratic Party, and current candidate for commissioner of the country’s Independent Electoral and Boundaries Commission (IEBC), has called for the adoption of blockchain voting. According to a report by Kenyan news outlet The Star, Abonyo made this appeal known while appearing before the selection committee overseeing the appointment …
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China’s Bitcoin hash power fell before the crackdown: Cambridge data
China’s crackdown on Bitcoin (BTC) mining due to energy consumption concerns is widely regarded as the trigger for the miners’ exodus from Asia to Western countries. But new research by the Cambridge Centre for Alternative Finance suggests that the shift in mining power started before China’s renewed scrutiny. Reuters reported that China’s total computing power connected …
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‘It’s fine’ to buy Bitcoin as gold substitute, says Trump ex-Treasury Secretary Mnuchin
Bitcoin (BTC) may be a “scam” for former United States President Donald Trump, but the former Treasury Secretary appears to have made a U-turn on the world’s first and best-known cryptocurrency. Speaking to CNBC on Wednesday, Steven Mnuchin confirmed that his perspective on Bitcoin had “evolved.” Mnuchin: Bitcoin stance has “evolved a little” The Trump …
Bitcoin network node count sets new all-time high
The number of reachable Bitcoin network nodes has crossed the 13,000 mark for the first time. As previously reported by Cointelegraph, the previous all-time high was 11,613 achieved back in January. According to data from Bitcoin network statistics dashboard Bitnodes.io, this milestone was reached back on July 5 when the number of reachable nodes clocked …
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Italian finance regulator issues warning on Binance crypto exchange
Italy’s securities market regulator, the Italian Companies and Exchange Commission (CONSOB), has issued a statement, in which it said that Binance Group and affiliated companies are unauthorized to provide investment services and operate in Italy. The regulator specified that the warning refers to Binance.com, the main website of the global crypto exchange. CONSOB went on to warn …
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Bitcoin Price Prediction: BTC/USD May Retrace Above $33,000
Bitcoin Price Prediction – July 14 The Bitcoin price rebounds from the early dip at $31,600 as the buying interest may increase on approach to $33,000. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $36,000, $38,000, $40,000 Support Levels: $30,000, $28,000, $26,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD is bearish as …
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Bitcoin Price Prediction: BTC/USD Could Explore to $30,000 Support
Bitcoin Price Prediction – July 14 Today, the Bitcoin price touches the daily low at $31,600 as losses under $30,000 beckon. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $37,000, $39,000, $41,000 Support Levels: $28,000, $26,000, $24,000 BTCUSD – Daily Chart Buy Bitcoin Now In the past three sessions, BTC/USD mostly experiences bearish …
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