💥The latest digest is here. Check out top-3 news:
▪️ ETH soars to record high of $2,600
Ethereum’s price rally continues. The second-largest cryptocurrency has bucked market trends by hitting a new all-time high on Thursday. It’s trading above $2,600 for the first time ever.
▪️ Crypto payments banned in Turkey
The Central Bank of the Republic of Turkey announced that it will forbid cryptocurrencies as a payment method. The use of digital wallet providers as fiat on-ramps for crypto exchanges will be also prohibited.
This regulation will go into effect by the end of this month.
▪️ Bitcoin Recently Fell Through A Key Support Level
According to Bitstamp, BTC has crashed beneath the $50,000 psychological support line hitting its lowest point in 48 days. It slumped to $48,300 on Thursday.
▪️ ETH soars to record high of $2,600
Ethereum’s price rally continues. The second-largest cryptocurrency has bucked market trends by hitting a new all-time high on Thursday. It’s trading above $2,600 for the first time ever.
▪️ Crypto payments banned in Turkey
The Central Bank of the Republic of Turkey announced that it will forbid cryptocurrencies as a payment method. The use of digital wallet providers as fiat on-ramps for crypto exchanges will be also prohibited.
This regulation will go into effect by the end of this month.
▪️ Bitcoin Recently Fell Through A Key Support Level
According to Bitstamp, BTC has crashed beneath the $50,000 psychological support line hitting its lowest point in 48 days. It slumped to $48,300 on Thursday.
May is coming! Let’s check out the most important news of this month:
🔸Coinbase stock debuted on Nasdaq. It is luring public market investors who've been waiting to get into the cryptocurrency industry.
🔸BTC and ETH reached the highest price in history. The price of bitcoin climbed as high as $63,729.5, according to data produced by Coin Metrics. Based on CoinDesk information, Ethereum soared by $2,718.
🔸The Bank of Japan begins the first digital currency proof of concept. The first phase of Japan’s CBDC pilots will have been completed by March 2022.
🔸The Central Bank of the Republic of Turkey will forbid cryptocurrencies as a payment method. This regulation will go into effect by the end of this month.
🔸Investment platform eToro reported that it will go public through a business combination with FinTech Acquisition Corp. V.
🔸Coinbase stock debuted on Nasdaq. It is luring public market investors who've been waiting to get into the cryptocurrency industry.
🔸BTC and ETH reached the highest price in history. The price of bitcoin climbed as high as $63,729.5, according to data produced by Coin Metrics. Based on CoinDesk information, Ethereum soared by $2,718.
🔸The Bank of Japan begins the first digital currency proof of concept. The first phase of Japan’s CBDC pilots will have been completed by March 2022.
🔸The Central Bank of the Republic of Turkey will forbid cryptocurrencies as a payment method. This regulation will go into effect by the end of this month.
🔸Investment platform eToro reported that it will go public through a business combination with FinTech Acquisition Corp. V.
📰Friday is finally here, and we have the hottest news in our weekly digest. Check them out:
Goldman Sachs banker quits after making millions on cryptocurrencies
According to CNBC, Aziz McMahon, Goldman’s managing director and head of emerging market sales in London, quit after making millions of pounds from a bet on the digital currency either, three former employees at the investment bank.
World’s largest crypto exchange Binance is reportedly under investigation by the Justice Department and IRS
Binance, the largest cryptocurrency exchange in the world, is being investigated by the Internal Revenue Service and the Department of Justice, Bloomberg reports, with officials who handle money laundering and tax offenses in particular taking an interest in Binance’s business.
Ethereum miners see higher revenue than Bitcoin miners
Mining Ethereum has turned even more profitable after the second-largest cryptocurrency gained support above $4,000.
According to information published by The Block, Ethereum miners recorded $77.36 mln in daily revenue on Monday, while Bitcoin miners recorded $67.17 mln.
Goldman Sachs banker quits after making millions on cryptocurrencies
According to CNBC, Aziz McMahon, Goldman’s managing director and head of emerging market sales in London, quit after making millions of pounds from a bet on the digital currency either, three former employees at the investment bank.
World’s largest crypto exchange Binance is reportedly under investigation by the Justice Department and IRS
Binance, the largest cryptocurrency exchange in the world, is being investigated by the Internal Revenue Service and the Department of Justice, Bloomberg reports, with officials who handle money laundering and tax offenses in particular taking an interest in Binance’s business.
Ethereum miners see higher revenue than Bitcoin miners
Mining Ethereum has turned even more profitable after the second-largest cryptocurrency gained support above $4,000.
According to information published by The Block, Ethereum miners recorded $77.36 mln in daily revenue on Monday, while Bitcoin miners recorded $67.17 mln.
💥Are you ready to check out our new digest? Take a look at the most important stories of this week below:
Bitcoin Price Bounces After Cryptocurrency Crash Shocks Market
Bitcoin recovered more than 4% to $40,077.40 on Thursday. It had dropped more than 11% by 5 p.m. ET on Wednesday, after earlier plunging almost 30%.
This week’s crypto crash has helped erase almost 40% of bitcoin’s price from a peak of almost $65,000 in mid-April. Some are worried that the worst is far from over. The rapid drop has forced many investors to unwind bets made with borrowed money, adding to the pressure on prices for a swath of cryptocurrencies.
Financial authorities signal stronger risk, tax oversight for cryptocurrencies
U.S. Federal Reserve chief Jerome Powell turned up the heat on cryptocurrencies on Thursday, saying they pose risks to financial stability, and indicating that greater regulation of the increasingly popular electronic currency may be warranted.
Bison Trails: about 80% of central banks are exploring CBDC use cases
The potential launch of private cryptocurrencies such as the Facebook-backed Diem is motivating central banks to develop CBDCs, the report noted.
The report examines digital currency proofs-of-concept launched by more than 11 countries and cities, including Hong Kong, Thailand, China, Australia, Singapore, and Japan.
It is important to notice that China is close to launching the digital yuan and is testing the CBDC with commercial institutions and the public.
Bitcoin Price Bounces After Cryptocurrency Crash Shocks Market
Bitcoin recovered more than 4% to $40,077.40 on Thursday. It had dropped more than 11% by 5 p.m. ET on Wednesday, after earlier plunging almost 30%.
This week’s crypto crash has helped erase almost 40% of bitcoin’s price from a peak of almost $65,000 in mid-April. Some are worried that the worst is far from over. The rapid drop has forced many investors to unwind bets made with borrowed money, adding to the pressure on prices for a swath of cryptocurrencies.
Financial authorities signal stronger risk, tax oversight for cryptocurrencies
U.S. Federal Reserve chief Jerome Powell turned up the heat on cryptocurrencies on Thursday, saying they pose risks to financial stability, and indicating that greater regulation of the increasingly popular electronic currency may be warranted.
Bison Trails: about 80% of central banks are exploring CBDC use cases
The potential launch of private cryptocurrencies such as the Facebook-backed Diem is motivating central banks to develop CBDCs, the report noted.
The report examines digital currency proofs-of-concept launched by more than 11 countries and cities, including Hong Kong, Thailand, China, Australia, Singapore, and Japan.
It is important to notice that China is close to launching the digital yuan and is testing the CBDC with commercial institutions and the public.
🔥Top-3 news of this week.
Goldman Sachs: ETH has the potential to be bigger than BTC
A recent report by Goldman Sachs lauded the potential for Ethereal to rise and become the market’s cryptocurrency of choice, adding to the latest chorus of anti-Bitcoin skeptics.
According to a recent report by Goldman Sachs, Ethereum has the potential to overtake Bitcoin as the top crypto due to its relatively diverse capabilities for various applications that could lead it to become the «Amazon of trusted information».
Vitalik Buterin criticizes Elon Musk over Dogecoin proposals
ETH creator has criticized Elon Musk for his proposed changes to Dogecoin’s blockchain.
The Tesla billionaire, who has become a bit of a love/hate figure in crypto circles, recently said that he would like to see DOGE’s block size and block times be 10 times faster than now — with fees 100 times lower than they are now. Then, Musk said, its network would “win hands down.”
Although this sounds incredibly tempting, the Ethereum co-founder says such a feat is difficult to achieve “without leading to extreme centralization and compromising the fundamental properties that make a blockchain what it is.”
Spanish crypto investors set to be taxed on ‘overseas’ holdings
The Spanish parliament has voted in favor of a controversial new law that will require citizens to report overseas crypto holdings, as the government appears ready to take “more control” over the crypto sector.
According to an official government release, the new law will oblige investors “to report on holdings and operations with cryptocurrencies,” on tokens “both located in Spain and abroad” if the transactions “affect Spanish taxpayers.”
The government added that “information will be required on the balances and holders of the coins, as well as on all types of operations that have been carried out with them.”
Goldman Sachs: ETH has the potential to be bigger than BTC
A recent report by Goldman Sachs lauded the potential for Ethereal to rise and become the market’s cryptocurrency of choice, adding to the latest chorus of anti-Bitcoin skeptics.
According to a recent report by Goldman Sachs, Ethereum has the potential to overtake Bitcoin as the top crypto due to its relatively diverse capabilities for various applications that could lead it to become the «Amazon of trusted information».
Vitalik Buterin criticizes Elon Musk over Dogecoin proposals
ETH creator has criticized Elon Musk for his proposed changes to Dogecoin’s blockchain.
The Tesla billionaire, who has become a bit of a love/hate figure in crypto circles, recently said that he would like to see DOGE’s block size and block times be 10 times faster than now — with fees 100 times lower than they are now. Then, Musk said, its network would “win hands down.”
Although this sounds incredibly tempting, the Ethereum co-founder says such a feat is difficult to achieve “without leading to extreme centralization and compromising the fundamental properties that make a blockchain what it is.”
Spanish crypto investors set to be taxed on ‘overseas’ holdings
The Spanish parliament has voted in favor of a controversial new law that will require citizens to report overseas crypto holdings, as the government appears ready to take “more control” over the crypto sector.
According to an official government release, the new law will oblige investors “to report on holdings and operations with cryptocurrencies,” on tokens “both located in Spain and abroad” if the transactions “affect Spanish taxpayers.”
The government added that “information will be required on the balances and holders of the coins, as well as on all types of operations that have been carried out with them.”
Friday digest is waiting for you. Take a look at the biggest news of the first week of June.
⚡️ China to hand out $6.2 million in digital currency to Beijing residents as part of the trial
China is a front-runner in the global race to launch central bank digital currencies (CBDC) and has held trials in several major cities including Shenzhen and Shanghai.
This time it will hand out 40 million renminbi ($6.2 million) of its digital currency to citizens in Beijing in a lottery. Residents of the Chinese capital can use two banking apps to apply to win one of 200,000 so-called red packets as part of the lottery.
⚡️ Norton antivirus adds ETH cryptocurrency mining
In a surprise move, one of the world's best-known anti-virus software makers is adding cryptocurrency mining to its products.
Norton 360 customers will have access to an Ethereum mining feature in the "coming weeks", the company said.
Cryptocurrency "mining" works by using a computer's hardware to do complex calculations in exchange for a reward.
⚡️ Google will let firms launch advertisements about cryptocurrency wallets. ICO is still prohibited
The world’s biggest digital advertising seller will let companies run ads starting this August.
Google is making the change “in order to better match existing FinCEN regulations and requirements” - mentioned in a statement.
In a blog post, Google specified that the ad ban still exists for initial coin offerings and services that aggregate or compare issuers of cryptocurrencies.
⚡️ China to hand out $6.2 million in digital currency to Beijing residents as part of the trial
China is a front-runner in the global race to launch central bank digital currencies (CBDC) and has held trials in several major cities including Shenzhen and Shanghai.
This time it will hand out 40 million renminbi ($6.2 million) of its digital currency to citizens in Beijing in a lottery. Residents of the Chinese capital can use two banking apps to apply to win one of 200,000 so-called red packets as part of the lottery.
⚡️ Norton antivirus adds ETH cryptocurrency mining
In a surprise move, one of the world's best-known anti-virus software makers is adding cryptocurrency mining to its products.
Norton 360 customers will have access to an Ethereum mining feature in the "coming weeks", the company said.
Cryptocurrency "mining" works by using a computer's hardware to do complex calculations in exchange for a reward.
⚡️ Google will let firms launch advertisements about cryptocurrency wallets. ICO is still prohibited
The world’s biggest digital advertising seller will let companies run ads starting this August.
Google is making the change “in order to better match existing FinCEN regulations and requirements” - mentioned in a statement.
In a blog post, Google specified that the ad ban still exists for initial coin offerings and services that aggregate or compare issuers of cryptocurrencies.
😎Friday is finally here. Take a look at the biggest cryptocurrency news of this week.
El Salvador is the 1st country in the world that makes bitcoin legal tender
It became the first country in the world to adopt bitcoin as legal tender after Congress on Wednesday approved President Nayib Bukele’s proposal to embrace the cryptocurrency, a move that delighted the currency’s supporters.
Bukele has touted the use of BTC for its potential to help Salvadorans living abroad to send remittances back home while saying the American dollar will also continue as legal tender. In practice, El Salvador does not have its currency.
China blocked several social media accounts about cryptocurrencies
A slew of crypto-related accounts in China’s Twitter-like Weibo platform was blocked over the weekend, as Beijing stepped up a crackdown on bitcoin trading and mining. Among them were the profiles of Blockbeats and 8BTC.
More actions are expected, including linking illegal crypto activities in China more directly with the country's criminal law, according to analysts and a financial regulator.
1% of Bitcoin’s supply has been locked in the WBTC protocol
One percent of Bitcoin’s circulating supply is currently tokenized as Wrapped BTC (WBTC) on Ethereum, equating to nearly $6.2 bln worth of BTC.
The milestone was acknowledged by the product manager of crypto custody firm BitGo, Kia Mosayeri. He tweeted about it this week. BitGo is the custodian for the Wrapped Bitcoin protocol, which launched its Bitcoin-backed ERC-20 token WBTC on Ethereum in January 2019.
El Salvador is the 1st country in the world that makes bitcoin legal tender
It became the first country in the world to adopt bitcoin as legal tender after Congress on Wednesday approved President Nayib Bukele’s proposal to embrace the cryptocurrency, a move that delighted the currency’s supporters.
Bukele has touted the use of BTC for its potential to help Salvadorans living abroad to send remittances back home while saying the American dollar will also continue as legal tender. In practice, El Salvador does not have its currency.
China blocked several social media accounts about cryptocurrencies
A slew of crypto-related accounts in China’s Twitter-like Weibo platform was blocked over the weekend, as Beijing stepped up a crackdown on bitcoin trading and mining. Among them were the profiles of Blockbeats and 8BTC.
More actions are expected, including linking illegal crypto activities in China more directly with the country's criminal law, according to analysts and a financial regulator.
1% of Bitcoin’s supply has been locked in the WBTC protocol
One percent of Bitcoin’s circulating supply is currently tokenized as Wrapped BTC (WBTC) on Ethereum, equating to nearly $6.2 bln worth of BTC.
The milestone was acknowledged by the product manager of crypto custody firm BitGo, Kia Mosayeri. He tweeted about it this week. BitGo is the custodian for the Wrapped Bitcoin protocol, which launched its Bitcoin-backed ERC-20 token WBTC on Ethereum in January 2019.
🥳It’s finally Friday, and here is our weekly digest. We’ve prepared the hottest cryptocurrency and blockchain news for you. Take a look at them!
Chinese bank integrated digital CNY to cash exchange at over 3,000 ATMs
A state-owned Chinese commercial bank has enabled a feature allowing users to convert their digital yuan to cash via 3,000 ATMs in Beijing.
According to a report produced by Xinhua Finance, The Industrial and Commerce Bank of China became the first financial organization in the country to integrate this version.
It lets consumers exchange cryptocurrencies smoothly. So, the new digital era is coming.
Musk says Tesla will accept bitcoin again as crypto miners use more clean energy
Tesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners (~50%).
Morgan Stanley: digital EUR could drain 8% of bank deposits
Banks in smaller countries like Latvia, Estonia, and Greece could be more seriously impacted by the digital euro, analysts said.
Analysts at Morgan Stanley have estimated the likely changes in eurozone banks’ deposits should a digital EUR be widely adopted.
According to the analysts, a European Union central bank digital currency (CBDC) could suck up 8% of customer deposits from eurozone financial organizations.
Chinese bank integrated digital CNY to cash exchange at over 3,000 ATMs
A state-owned Chinese commercial bank has enabled a feature allowing users to convert their digital yuan to cash via 3,000 ATMs in Beijing.
According to a report produced by Xinhua Finance, The Industrial and Commerce Bank of China became the first financial organization in the country to integrate this version.
It lets consumers exchange cryptocurrencies smoothly. So, the new digital era is coming.
Musk says Tesla will accept bitcoin again as crypto miners use more clean energy
Tesla CEO Elon Musk on Sunday said the company will resume bitcoin transactions once it confirms there is reasonable clean energy usage by miners (~50%).
Morgan Stanley: digital EUR could drain 8% of bank deposits
Banks in smaller countries like Latvia, Estonia, and Greece could be more seriously impacted by the digital euro, analysts said.
Analysts at Morgan Stanley have estimated the likely changes in eurozone banks’ deposits should a digital EUR be widely adopted.
According to the analysts, a European Union central bank digital currency (CBDC) could suck up 8% of customer deposits from eurozone financial organizations.
The hottest news of this week
Japan's FSA warns against cryptocurrency exchange giant Binance
Japan's top financial market regulator published a warning this Friday that Binance is not registered to do business with residents of Japan. It added that the company is operating in the country without any permission.
El Salvador to airdrop $30 in Bitcoin to every adult citizen
Every Salvadoran adult who downloads the government's Bitcoin wallet app will be eligible for an airdrop of $30 worth of BTC.
Blockchain .com collaborated with Unstoppable Domains to simplify sending cryptocurrencies
Unstoppable Domains announced Thursday that it had integrated native support for Blockchain .com, enabling that latter's 32 mln verified consumers to send funds with a username instead of a full-length crypto wallet address.
Japan's FSA warns against cryptocurrency exchange giant Binance
Japan's top financial market regulator published a warning this Friday that Binance is not registered to do business with residents of Japan. It added that the company is operating in the country without any permission.
El Salvador to airdrop $30 in Bitcoin to every adult citizen
Every Salvadoran adult who downloads the government's Bitcoin wallet app will be eligible for an airdrop of $30 worth of BTC.
Blockchain .com collaborated with Unstoppable Domains to simplify sending cryptocurrencies
Unstoppable Domains announced Thursday that it had integrated native support for Blockchain .com, enabling that latter's 32 mln verified consumers to send funds with a username instead of a full-length crypto wallet address.
Hands up if you like our digest! Take a look at the latest news of this week:
⚡️China’s war on crypto just hit a new level with its latest crypto crackdown. China’s central bank had called for the shutdown of firms that “were suspected of providing software services for virtual currency transactions.”
⚡️Jack Dorsey, CEO of Twitter, confirms Square is building an ‘assisted custody’ BTC hardware wallet. The company plans to make Bitcoin custody more mainstream.
⚡️Bitstamp announced that it had seen a 138% growth in customer numbers since the FCA said Binance Markets has no permission to operate in the U.K.
⚡️China’s war on crypto just hit a new level with its latest crypto crackdown. China’s central bank had called for the shutdown of firms that “were suspected of providing software services for virtual currency transactions.”
⚡️Jack Dorsey, CEO of Twitter, confirms Square is building an ‘assisted custody’ BTC hardware wallet. The company plans to make Bitcoin custody more mainstream.
⚡️Bitstamp announced that it had seen a 138% growth in customer numbers since the FCA said Binance Markets has no permission to operate in the U.K.
😎Summer is in full swing, and we have a hot digest for you. Check it out.
U.S. Federal Reserve Chair Jerome Powell mentioned that a Fed report would come in early September. This document will be addressed to digital assets, stablecoins and CBDCs.
ECB plans to develop a digital euro
The European Central Bank has been discussing the potential launch of a eurozone central bank digital currency since the beginning of the year. Its investigation phase will last 24 months.
Binance excluded stock tokens from the platform
The crypto exchange said that stock tokens are unavailable for purchasing tokens linked to stocks barely three months after starting them.
U.S. Federal Reserve Chair Jerome Powell mentioned that a Fed report would come in early September. This document will be addressed to digital assets, stablecoins and CBDCs.
ECB plans to develop a digital euro
The European Central Bank has been discussing the potential launch of a eurozone central bank digital currency since the beginning of the year. Its investigation phase will last 24 months.
Binance excluded stock tokens from the platform
The crypto exchange said that stock tokens are unavailable for purchasing tokens linked to stocks barely three months after starting them.
Here are the biggest stories in cryptocurrency and blockchain spheres. Take a look at them.
▪️Elon Musk confirms that he owns ETH
He unveiled this at the B Word conference, an event hosted by the Crypto Council for Innovation. As a result, Ether soared up to $2K after this comment.
▪️Blockchain protocol Thorchain suffered another hacker attack
The company told CoinDesk a hacker deployed a custom contract that was able to trick Bifrost into receiving a deposit of fake assets. It led to losses of around $8 million.
The attack is the second in just eight days, the first of which resulted in more than $6 million in losses.
▪️India’s Central Bank Considering Pilot Programs for CBDC
Indian financial authorities believe that CBDC has a chance to reduce the use of cash and protect citizens from the volatility of digital currencies.
▪️Elon Musk confirms that he owns ETH
He unveiled this at the B Word conference, an event hosted by the Crypto Council for Innovation. As a result, Ether soared up to $2K after this comment.
▪️Blockchain protocol Thorchain suffered another hacker attack
The company told CoinDesk a hacker deployed a custom contract that was able to trick Bifrost into receiving a deposit of fake assets. It led to losses of around $8 million.
The attack is the second in just eight days, the first of which resulted in more than $6 million in losses.
▪️India’s Central Bank Considering Pilot Programs for CBDC
Indian financial authorities believe that CBDC has a chance to reduce the use of cash and protect citizens from the volatility of digital currencies.
😎August is in full swing, and it is time to check out the most important news in blockchain and cryptocurrency markets:
🔹Ethereum’s most anticipated ‘London’ hard fork was officially activated on the network.
🔹South Korean financial authorities shut down 11 local cryptocurrency platforms amid fraud allegations.
🔹JPMorgan rolled out an in-house bitcoin fund for private bank customers.
🔹Ethereum’s most anticipated ‘London’ hard fork was officially activated on the network.
🔹South Korean financial authorities shut down 11 local cryptocurrency platforms amid fraud allegations.
🔹JPMorgan rolled out an in-house bitcoin fund for private bank customers.
The most prominent stories of this week are there.
▪️Crypto crowdfunding platform DAO Maker faced a $7 million loss
The token sale site for startups has confirmed the overnight hack, which saw some user accounts drained. All deposits into the platform have been deactivated as the company continues its investigation.
▪️Jamaica’s central bank frozen the country’s first batch of CBDCs
The pilot program was originally supposed to be launched in May but was delayed for unspecified reasons.
▪️Powerbridge Technologies to mine BTC and ETH
Innovative blockchain application developer plans to expand its current business model. In its public statement released this week, the company announced its plans to add cryptocurrency mining (Bitcoin and Ethereum) to its list of full-time operations.
▪️Crypto crowdfunding platform DAO Maker faced a $7 million loss
The token sale site for startups has confirmed the overnight hack, which saw some user accounts drained. All deposits into the platform have been deactivated as the company continues its investigation.
▪️Jamaica’s central bank frozen the country’s first batch of CBDCs
The pilot program was originally supposed to be launched in May but was delayed for unspecified reasons.
▪️Powerbridge Technologies to mine BTC and ETH
Innovative blockchain application developer plans to expand its current business model. In its public statement released this week, the company announced its plans to add cryptocurrency mining (Bitcoin and Ethereum) to its list of full-time operations.
🔥Hands up if you like our Friday digest. Here are the most important stories of this week:
Japan's Liquid exchange was hacked, and more than $97 mln were stolen
Its team announced that it has been hacked and has suspended deposits and withdrawals. The total amount stolen is yet to be determined.
Cardano price hits all-time high of $2.55
The cryptocurrency gained 150% from July 21 lows of $1 and smashed BNB as the third-most valuable asset.
35 Chinese banks integrated digital yuan into their apps
Companies are getting ready for this digital currency and its mass adoption. Another 94 financial organisations plan to access the CBDC via a new clearing platform.
Japan's Liquid exchange was hacked, and more than $97 mln were stolen
Its team announced that it has been hacked and has suspended deposits and withdrawals. The total amount stolen is yet to be determined.
Cardano price hits all-time high of $2.55
The cryptocurrency gained 150% from July 21 lows of $1 and smashed BNB as the third-most valuable asset.
35 Chinese banks integrated digital yuan into their apps
Companies are getting ready for this digital currency and its mass adoption. Another 94 financial organisations plan to access the CBDC via a new clearing platform.
August is coming to an end, and here are the hottest stories of the last week.
Ethereum's hash rate rebounds to new highs
It has now returned to break the new maximum following a significant dip in July and has broken above 600 TH/s for the first time.
Adam Back: BTC has a chance to hit $100K this year
CEO of Blockstream and the cryptographer behind Bitcoin's Proof-of-Work mining algorithm, Adam Back, told Anthony Pompliano in a recent interview. The price reaching $100,000 is still "quite possible" in 2021.
Cuba plans to recognize and regulate digital assets for payments
Cuba's government has said it will recognize and implement rules for cryptocurrency payments on the island. The Central Bank will set rules for such assets and determine how to license providers of related services.
Ethereum's hash rate rebounds to new highs
It has now returned to break the new maximum following a significant dip in July and has broken above 600 TH/s for the first time.
Adam Back: BTC has a chance to hit $100K this year
CEO of Blockstream and the cryptographer behind Bitcoin's Proof-of-Work mining algorithm, Adam Back, told Anthony Pompliano in a recent interview. The price reaching $100,000 is still "quite possible" in 2021.
Cuba plans to recognize and regulate digital assets for payments
Cuba's government has said it will recognize and implement rules for cryptocurrency payments on the island. The Central Bank will set rules for such assets and determine how to license providers of related services.
We have a hot digest for you. Check out the latest news in cryptocurrency and blockchain spheres:
▪️Cuba's cryptocurrency regulation takes effect
Cryptocurrencies are now legal means of payment for commercial transactions in the country.
▪️Facebook executive David Marcus said: Diem cryptocurrency will be in 'class of its own'
The company plans to launch its coin by the end of this year.
▪️Cryptocurrency LTC briefly spiked more than 25% after a fake press release that duped much of the financial media claimed Walmart. It is the country's biggest retailer that 'planned' to let users pay online with Litecoin starting next month.
▪️Cuba's cryptocurrency regulation takes effect
Cryptocurrencies are now legal means of payment for commercial transactions in the country.
▪️Facebook executive David Marcus said: Diem cryptocurrency will be in 'class of its own'
The company plans to launch its coin by the end of this year.
▪️Cryptocurrency LTC briefly spiked more than 25% after a fake press release that duped much of the financial media claimed Walmart. It is the country's biggest retailer that 'planned' to let users pay online with Litecoin starting next month.
🔥Are you ready to see the hottest cryptocurrency and blockchain news of this week?
Here we’ve collected TOP-3 stories. Check them out:
China’s financial authorities: all cryptocurrency-related activities are illegal
China’s central bank called all digital currency activities illegal and vowing harsh measures on the industry.
Cryptocurrencies slid down after the latest announcement from China’s central bank
BTC price tumbled close to $42K with a 9% loss. ETH suffered a 13% loss and crashed below $2 700.
Twitter enables utilizing Bitcoins and plans to let customers authenticate NFTs
It is the first big social network to allow users to use cryptocurrencies as a means of payment. The company also plans to let customers add their crypto wallets and authenticate the ownership of NFTs they tweet with a special tool.
Here we’ve collected TOP-3 stories. Check them out:
China’s financial authorities: all cryptocurrency-related activities are illegal
China’s central bank called all digital currency activities illegal and vowing harsh measures on the industry.
Cryptocurrencies slid down after the latest announcement from China’s central bank
BTC price tumbled close to $42K with a 9% loss. ETH suffered a 13% loss and crashed below $2 700.
Twitter enables utilizing Bitcoins and plans to let customers authenticate NFTs
It is the first big social network to allow users to use cryptocurrencies as a means of payment. The company also plans to let customers add their crypto wallets and authenticate the ownership of NFTs they tweet with a special tool.
October is finally here, and it’s time to check out the biggest cryptocurrency stories of this September. Take a look at them.
⚡️Visa plans to integrate blockchain interoperability hub for crypto payments. Global payments company plans to roll out a “universal adapter” of blockchains that can link multiple digital assets, stablecoins as well as CBDC.
⚡️Switzerland’s financial authorities have issued two approvals for a domestic cryptocurrency investment fund and a domestic digital asset custody service.
⚡️Alibaba decided to prohibit crypto miner sales and followed the Chinese crackdown. Chinese e-commerce giant Alibaba stopped its cryptocurrency-related services in response to the ongoing regulation of digital assets.
⚡️Visa plans to integrate blockchain interoperability hub for crypto payments. Global payments company plans to roll out a “universal adapter” of blockchains that can link multiple digital assets, stablecoins as well as CBDC.
⚡️Switzerland’s financial authorities have issued two approvals for a domestic cryptocurrency investment fund and a domestic digital asset custody service.
⚡️Alibaba decided to prohibit crypto miner sales and followed the Chinese crackdown. Chinese e-commerce giant Alibaba stopped its cryptocurrency-related services in response to the ongoing regulation of digital assets.
We have a Friday digest for you. Take a look at the biggest news in the cryptocurrency industry right now.
Bitcoin climbed above $60,000
BTC skyrocketed as traders bet on ETF approval by U.S. regulators. They are waiting for authorities to clear the future of the first bitcoin fund.
The U.S. leads Bitcoin mining as China ban takes effect
China's action in June and the resulting fall in mining have been reflected in a decline in Bitcoin's energy consumption - but as mining recovers due to mining power in the USA, that fall will reverse.
$1.6 billion worth of BTC were purchased in 5 minutes this Wednesday
According to CoinDesk, a client or a group of investors left an order on a centralized exchange to buy $1.6 billion worth of BTC. That's roughly 4.5% of the average daily volume in the bitcoin spot segment over the past two months. As a result, its price skyrocketed up to $55,500, having a 5% growth.
Bitcoin climbed above $60,000
BTC skyrocketed as traders bet on ETF approval by U.S. regulators. They are waiting for authorities to clear the future of the first bitcoin fund.
The U.S. leads Bitcoin mining as China ban takes effect
China's action in June and the resulting fall in mining have been reflected in a decline in Bitcoin's energy consumption - but as mining recovers due to mining power in the USA, that fall will reverse.
$1.6 billion worth of BTC were purchased in 5 minutes this Wednesday
According to CoinDesk, a client or a group of investors left an order on a centralized exchange to buy $1.6 billion worth of BTC. That's roughly 4.5% of the average daily volume in the bitcoin spot segment over the past two months. As a result, its price skyrocketed up to $55,500, having a 5% growth.