Authorities behind financial regulation in Mexico have warned against financial institutions handling cryptocurrencies, saying digital assets are still not considered legal tender in the country. In a Monday press conference, representatives from Mexico’s finance ministry, the Bank of Mexico, and the National Banking and Securities Commission issued a joint statement warning investors virtual assets carried …
Continue reading “Mexico may not be following El Salvador’s example on Bitcoin… yet”
Bitcoin (BTC) is attempting to stage a relief rally but analysts at JPMorgan Chase believe that the short-term setup looks challenging. However, the analysts also pointed out that the crypto markets had started a healing process. A sign of this ‘healing process’ was seen when the crypto markets did not react negatively to the news …
Continue reading “Price analysis 6/28: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC”
U.S. authorities have seized Bitcoin following a cyberattack on the Colonial Pipeline. Here’s what you should know. In June, the U.S. Department of Justice (DoJ) announced that it had recovered millions of dollars of Bitcoin related to a cyberattack on the East Coast pipeline. Here’s what you should know about the events that have occurred so …
Binance Coin was lower after warnings from Japanese and UK regulators. The Fed sees tether as a “threat”. CELO gains on Opera support. BNB Binance Coin saw losses on the week after the Binance exchange was hit by warnings from Japanese and UK regulators over their operations in the respective countries. Japan’s regulator, the Financial …
Continue reading “Binance Hit with Regulatory Warnings, USDT in Fed Crosshairs, ADA, CELO, Jun. 28”
American businessman and best-selling author Robert Kiyosaki is picking Bitcoin alongside precious metals gold and silver as a hedge against everything else, he said in a tweet today. The controversial ‘Rich Dad, Poor Dad’ author, whose book has sold nearly 32 million copies since its 2002 release, has previously voiced views against the macroeconomy and …
Continue reading ““Get more Bitcoin,” says Rich Dad author warning of ‘biggest crash in history’”
Mexican third-richest man Ricardo Salinas Pliego is holding Bitcoin for the next thirty years, as per comments in a recent interview. He further notes that his bank could start offering Bitcoin banking services to clients and stated that all fiat currencies ‘are a fraud.’ Here is a video of Mexico’s third wealthiest man explaining why he …
The head of global equity strategy at Jefferies, an investment bank and asset management firm, says that cryptocurrency regulation in the U.S. would “ultimately be very positive” for bitcoin or other crypto assets. It will also be more accommodating than China’s authoritarian approach to crypto regulation. US Regulation Would ‘Ultimately Be Very Positive’ for Mass …
sponsored DeFi Yield Protocol has emerged as one of the fastest-growing crypto projects with an expanding ecosystem. DYP allows DeFi users to leverage advanced trading tools to earn yield on their assets while taking advantage of the unique DYP Tools decentralized application. DYP has attracted the attention of many within the crypto space due to …
Continue reading “DeFi Yield Protocol (DYP) Continues to Expand Its Ecosystem”
Following the death of the former antivirus tycoon John McAfee, an ERC20 token called whackd (WHACKD) has seen its valuation rise significantly. Three days ago, the Ethereum-based coin was swapping for less than a U.S. penny, but then the token skyrocketed by 733% reaching over $0.07 per unit. Moreover, four days ago, a mysterious website …
Bitcoin’s hashrate experienced a large drop of almost 35% in a single day. The hashrate plummeted from 108 exahash per second (EH/s) yesterday to today’s 69 EH/s, seeing one of the sharpest declines in the network. This might be a consequence of the situation going on with miners in China. Numbers further estimate a mining …
Continue reading “Bitcoin Hashrate Drops 35% Intraday — Mining Difficulty to Drop by 23%”
The Seychelles-based cryptocurrency exchange originally founded in China, Huobi, has officially banned Chinese residents from swapping cryptocurrency derivatives, according to the company’s revised user agreement. China is now listed as prohibited and residents from the country are forbidden to use Huobi’s service. Chinese Citizens Are Now Banned From Huobi’s Crypto Derivatives Products The digital currency …
Continue reading “Huobi Prohibits Chinese Residents From Leveraging Cryptocurrency Derivatives “
press release PRESS RELEASE. Geneva, Switzerland, June 28, 2021 — Olyseum, a blockchain-powered social ecosystem that rewards fan engagement, is excited to announce that it has launched the world’s first star-led experiential NFT (xNFT) platform. The platform aims to fundamentally change the landscape of fan engagement by taking NFTs to the next level. Olyseum enables …
Continue reading “Olyseum Launches Experiential NFT Platform to Strengthen Celebrity-Fan Engagement”
Rebounds for Recovery – June 28The ETH/USD market currently rebounds for recovery on an intense capacity after a long session of fearful drawdown. The crypto’s value is currently trading around the level of $2,118 at a percentage increase of about 6.88 percent. Rebounds for Recovery: ETH MarketKey Levels:Resistance levels: $2,500, $3,000, $3,500Support levels: $1,900, $1,700, …
Continue reading “Ethereum Price Prediction: ETH/USD Rebounds for Recovery”
The individual who controls the website that first published the Bitcoin whitepaper will be attending a court hearing on the matter of hosting the historic document. In a series of tweets, the pseudonymous entity known as Cøbra reveals that they’ll be going to a hearing where a judge will decide whether or not they will …
Binance is ending its services in Ontario, Canada as crypto exchanges in the province face heightened regulatory scrutiny. In a statement, the global crypto exchange says that Ontario has become a restricted region effective Saturday, June 26th. It also asks users in the province to close their accounts by the end of the year. ADVERTISEMENT …
