China’s regulatory crackdown on cryptocurrencies continues to alienate major miners. Dubai-based investment company IBC Group reportedly plans to end Bitcoin (BTC) and Ether (ETH) mining operations in China following ban announcements from the different provinces across the country. The group has major mining operations in China and plans to distribute its operations to the United …
Continue reading “China crypto ban a ‘huge opportunity for Canada,’ mining group head says”
Japan will have more clarity on the design of its central bank digital currency no earlier than late 2022, according to a ruling party official. Hideki Murai, head of the ruling Liberal Democratic Party’s panel on digital currencies, said that the Bank of Japan is still working on sorting out the key functions of the …
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As mass vaccination programs against COVID-19 become increasingly critical to many governments’ strategies for pandemic management, blockchain firms are acting fast to propose ways in which the technology could offer solutions to some of the logistical hurdles involved. Blockchain company StaTwig — a graduate of the UNICEF Innovation Fund — was already trialing its blockchain-based …
Continue reading “Indian IT giant Tech Mahindra partners on blockchain system for vaccine tracing”
The US state of Wyoming legally recognized The American CryptoFed DAO on Sunday, as per a release. The historic move made it the first-ever federal region to recognize a decentralized autonomous organization, or “DAO.” Called ‘The American CryptoFed DAO,’ the legal DAO is based on high-speed blockchain network EOS and operates with a dual-token system: …
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Bitcoin fell $1,000 this morning in a sudden drop, taking along with the rest of the crypto and racking up $7 million in ‘liquidations,’ data from several sources shows. ‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges …
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A total of 8,000 bitcoins belonging to Mirror Trading International (MTI) have been traced while an additional 29,000 bitcoins could soon meet a similar fate. The traced coins, which are valued at over $280 million (4 billion rand), represent a potential breakthrough for beleaguered MTI investors. Liquidators Want Court to Declare MTI a Ponzi Scheme …
Pham Minh Chinh, the prime minister of Vietnam, has asked the country’s central bank to conduct a study of cryptocurrency and pilot the implementation of a blockchain-based currency within the next two years. The efforts are part of the Asian country’s new e-government strategy. Cryptocurrency Highlighted in Prime Minister’s Decision Cryptocurrency is one of the …
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Prompt.cash, a bitcoin cash noncustodial payment processor, is adding a bunch of interesting functionalities. The payment processor now features a URL shortener that allows users to monetize content on any site on the net. Also, Prompt.cash added Paypal API integrations, making it easier for merchants to test Bitcoin Cash payments seamlessly. Prompt.cash Adds URL Shortener …
Emerging on-chain analyst Will Clemente says he’s closely watching the activities of two types of Bitcoin investors as BTC continues to trade above the $30,000 level. Clemente tells his 129,500 Twitter followers that a supply-side crisis may be on the horizon as investors with strong hands, or with little history of selling, pounce onto BTC …
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Bitcoin (BTC) starts a new week in familiar territory after a weekend of solid gains ended in a drawdown — what’s in store? With another rally to near $36,000 under its belt, the largest cryptocurrency is showing signs of strength, but old resistance levels remain in place. The conditions are complex — the ongoing miner …
Continue reading “An even bigger mining difficulty drop? 5 things to watch in Bitcoin this week”
The growth of stablecoins that are not fully backed by safe assets could trigger a destabilization in short-term credit markets, rating agency Fitch has warned. In a commentary note, the agency explained that coins that are fully backed by safe assets pose a lesser risk for the financial markets. The agency gives USD Coin (USDC), …
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The Philippine Stock Exchange (PSE) is aiming to be first in line when financial regulators give the green light for crypto asset trading in the country. On Friday, July 2, CNN reported that PSE president and CEO Ramon Monzon said the local bourse should be the country’s first exchange platform for crypto assets. He stated: …
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Litecoin Maintains Position Close to $150 – July 4The market operation of LTC/USD presently maintains a position close to the point of $150. Price trades around the level of $144 at a positive increased rate of about 2.24 percent as of writing. Maintains Position Close to $150: LTC MarketKey Levels:Resistance levels: $170, $220, $270Support levels: …
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The crypto-friendly state of Wyoming has approved the first legally recognized Decentralized Autonomous Organization (DAO) in the United States. The American CryptoFed DAO received notice from the Wyoming Secretary of State’s office on July 1 recognizing it as a legal entity, according to a July 4 announcement. Marian Orr, CEO of the American CryptoFed DAO, …
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Leading DeFi money market, Aave, has announced plans to launch a permissioned version of its platform for institutional investors this month. The platform will be launched in partnership with crypto custodian and service provider, Fireblocks. On June 4, Twitter user “TraderNoah” shared a screenshot of an email they claim to have received after attending Blockworks’ …
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