Bitcoin

DBS, Southeast Asia’s largest bank, has announced a series of milestones for its crypto business. Its brokerage arm has obtained preliminary approval from the Monetary Authority of Singapore (MAS), Singapore’s central bank, and its crypto exchange will start operating 24-7 to meet the growing demand for cryptocurrency. DBS Sees ‘Keen Interest Among Asset Managers and

A Bitcoin (BTC) on-chain indicator that spotted dead cat bounces during the yesteryear bearish market corrections has flashed again in August 2021. Dubbed as “Bitcoin: Short Term Holder NUPL,” the indicator takes into account the unspent transaction output, or UTXO, of BTC transactions not more than 155 days old. In doing so, it attempts to

On Tuesday, the decentralized finance (defi) project Poly Network was hacked for over $600 million in digital assets. The attack was the largest defi hack to date eclipsing all of 2021’s defi hacks combined. The very next day, however, the hacker started to send funds back to the Poly Network team as the project’s official

Bitcoin (BTC) returned to $46,000 after a brief consolidation on Aug. 10 amid continued surprise at the strength of the BTC price comeback. 3 days to Bitcoin golden cross Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering around the $46,000 mark Tuesday. The pair had spent the night ranging slightly lower, at one point testing

Arbitrum, an Ethereum Layer-2 (L2) scaling solution, announced it would launch its mainnet for users this August. The tool, which allows Ethereum users to transact with very low fees, had launched in beta version last June, with support from some key projects in the Ethereum sphere, like Uniswap, who received a community vote to integrate

After a 13% rise in two days, Bitcoin’s (BTC) market capitalization surpassed $800 billion to reach its highest value in 79 days. During the same timeframe, Ether (ETH) accumulated a 45% gain in two weeks, placing the network’s market capitalization at $340 billion.  Positive expectations for the London hard fork and its potential deflationary effect

Award-winning hip-hop artist Megan Thee Stallion has published a video of herself explaining the basics of bitcoin, including what it is, why it is valuable, and how to obtain it. The famed rapper previously gave away $1 million in bitcoin to her fans in collaboration with Square’s Cash App. Famous Hip-Hop Star Breaks Down Bitcoin

This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.   Much like last week, China’s minor COVID flareups dominated the headlines as the country seeks to avoid more serious lockdowns. Cryptocurrency managed to

Both the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have claimed jurisdiction over the crypto industry. A CFTC commissioner clarified that pure commodities, including crypto assets, or their trading venues are not regulated by the SEC. Regulation of Crypto Assets by SEC and CFTC A commissioner with the U.S.

An upcoming collaboration between Bakkt and Quiznos will allow customers to pay for meals at certain locations with Bitcoin (BTC). Customers will be able to pay in BTC at certain Quiznos shops in Colorado’s capital as part of an initial test run, according to a public statement on Tuesday. “The pilot will be available at select Quiznos

South Korea’s top financial regulator will shut down 11 cryptocurrency exchanges allegedly engaged in fraudulent bank account schemes, local media reported. Meanwhile, the deadline for all crypto exchanges to comply with the country’s regulation is drawing near and most of them have not been able to meet the requirements. 11 Crypto Exchanges Could Be Shut

Bank of America, one of the nation’s largest financial institutions based on total assets, believes El Salvador could have a lot to gain with its latest foray into Bitcoin (BTC). In a report published last week, analysts at the bank said El Salvador’s decision to recognize BTC as legal tender could streamline remittances, promote financial

The crypto lender Blockfi is now dealing with regulators from five states as Kentucky has joined the fray against the firm’s Blockfi Interest Accounts (BIAs). On July 30, Blockfi shared a statement on Twitter that explained the Kentucky Department of Financial Institutions (DFI) has sent the company an order that aims to ban new BIA

Every four years (usually), the world comes together in a celebration of sport and competition at the Olympic Games. In the spirit of Tokyo 2020, let’s look at countries that are deserving of gold medals across different spheres of the cryptocurrency and blockchain space. The variety of sports featured at the Olympics have changed over

On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile, the company also has issues with Vermont’s Department of Financial

Bitcoin (BTC) returned to $40,000 on Wednesday as bulls and bears waged a tug-of-war for hard-won higher ground. “A lot can happen” from current BTC price levels Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $40,200 overnight, sealing a rare eight straight green daily candles in a row. Investors had been initially skeptical

Bitcoin’s hashrate has slowly crept back up between 85 exahash per second (EH/s) to 125 EH/s on July 14. The increase in hashpower has made it so the next mining difficulty change will increase for the first time in eight weeks. The four consecutive difficulty drops turned out to be the largest slide in Bitcoin’s

Elon Musk and Michael Saylor played a significant role in shaping crypto investor sentiment during the second quarter, underscoring just how nascent digital asset investing remains when compared with other, more established markets.  Sentiment-driven analysis from The TIE and eToro USA reveals the extent to which Musk and Saylor impacted Bitcoin (BTC) values in the

Young U.S. investors are more interested in bitcoin investments than they were three years ago, according to a poll stemming from the Gallup Investor Optimism Index. This year’s poll surveyed 1,037 participants and findings suggest 6% of American investors own bitcoin. American Bitcoin Investors Increase by 4% in 3 Years The American survey and analytics

Bitcoin’s (BTC) latest rebound from below $30,000 has increased its prospects of extending its retracement move higher, at least according to one classic technical pattern. Dubbed as Broadening Formation, the megaphone-shaped pattern appears when the price moves inside two diverging trendlines. Investopedia states that a broadening formation represents disagreement over the next potential bias among

On Friday, the game token utilized within the Axie Infinity gaming realm has once again captured another all-time price high at $32.17 per unit. The game token has outperformed a great majority of crypto assets by commanding more than 844% in gains during the last month. Axie Infinity Outperforms Crypto Competitors The cryptocurrency community is

Anish Saxena, a New Delhi-based automobile dealer, made “incredible” profits by investing in cryptocurrencies in 2020, just as his business took a hit from the coronavirus pandemic-induced lockdown. “I had known about Bitcoin and Ethereum and dozens of other assets for years,” the 33-year old businessman said. “But I only got to invest in them

The European Commission has proposed legislation to “ensure full traceability of crypto-asset transfers, such as bitcoin,” in order to prevent and detect “their possible use for money laundering or terrorism financing.” Moreover, “anonymous crypto asset wallets will be prohibited.” New EU Rules Ban Anonymous Crypto Transactions and Wallets The European Commission presented a set of

The CEO of Osprey Funds — the issuer of over-the-counter Bitcoin trust OBTC —isn’t holding his breath for a Bitcoin (BTC) exchange-traded fund (ETF) approval in the United States this year. Speaking to Yahoo Finance’s Jared Blikre and Seana Smith on July 19, Greg King said he believes that the U.S. Securities and Exchange Commission (SEC)

An industry association representing the Russian crypto sector has launched a project to entice bitcoin miners. Despite its abundant sources of cheap energy, Russia is now lagging behind Kazakhstan, another Eurasian Economic Union member, in terms of cryptocurrency production. Russian Project Aims to Expand Country’s Crypto Mining Capacity The Russian Association of Crypto Industry and

While Bitcoin (BTC) may be considered as a store of value for many, some consumers across the globe may be thinking otherwise. Recent data has revealed that 46 million people in the United States plan to use cryptocurrency to pay for things such as groceries or real estate. Payments giant Visa further revealed in July

Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders are now forced to make a new application each they need

The Crazy Horse 3 gentlemen’s club has announced it has become the first major entertainment venue in Las Vegas to accept Bitcoin using the Lightning Network. The nightspot will implement the layer two Bitcoin scaling solution enabling punters to make payments in a flash. It has integrated BTC payment processor OpenNode which will initially allow

A tie-up between payment processor Advcash and Bingbon will help the social cryptocurrency trading exchange extend its services to Ukraine, Kazakhstan, and Russia through a newly introduced fiat on and off-ramp. Eastern European Fiat Support Echoes Regional Crypto Adoption Outside of North America and Asia, Eastern Europe commands one of cryptocurrency’s biggest communities of miners,

It’s not yet known whether Binance’s recent news of  being temporarily suspended from the U.K.’s financial system is the main driver behind today’s Bitcoin (BTC) price drop. As Cointelegraph reported, the exchange sent emails to affected customers but has not given any details. Regardless of the reason behind the price weakness, derivatives contracts started to display