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China's Anhui Province to Ban Bitcoin Mining
On 13.07.2021 byChina’s Anhui province will shut down all cryptocurrency mining projects, according to state media outlet Global Times. Ads Ads East China’s Anhui will close all local #cryptocurrency mining projects amid tightening power supply, local media reported on Wed. By now, nearly 90% of #China‘s #Bitcoin mining capacity has been shut down. https://t.co/SGcK5L9j7E pic.twitter.com/Rsd1ln3zXw — Global
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Leaked Draft Shows What’s Inside Paraguay’s Proposed Bitcoin Law
On 13.07.2021 byParaguay could be hours away from taking an essential step toward regulating cryptocurrency, as a new bill is expected to be proposed tomorrow. Decrypt has gained access to a leaked copy of the bill, being developed by Congressman Carlos Rejala and Senator Fernando Silva Facetti. The bill would require registration of cryptocurrencies with Paraguay’s Undersecretariat
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DeFi Crash Hit Binance Smart Chain More Than Ethereum: Messari
On 13.07.2021 byBinance is having a tough go of things recently. It’s lost partnerships with payment processors, has had to limit onramps to its platform, and is being blocked by banks. If that weren’t enough, its Binance Smart Chain is also losing the race to overtake Ethereum as the go-to blockchain for decentralized finance (DeFi), the group
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Bitcoin Price Is Down 15% in Last Month, Even as Inflation Rises Again
On 13.07.2021 byAmericans are paying higher prices for cars, gas and electricity, and even food. That’s right: inflation is up again, with goods and services now costing 5.4% more overall than they did a year ago, per the US Bureau of Labor Statistics’ monthly Consumer Price Index (CPI). It’s the highest inflation increase since August 2008, a
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Bitcoin Ransomware Group REvil Goes Offline After Biden Ultimatum
On 13.07.2021 byJust days after United States President Joe Biden issued an ultimatum to Russian President Vladimir Putin to combat ransomware attacks hailing from his country, the notorious REvil hacking group has suddenly gone offline. Ransomware is a type of cyberattack in which hackers remotely take control of computers, locking access and sometimes files while demanding a
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Coinbase Wallet Starts Offering Support for Polygon Network
On 13.07.2021 byPolygon has been integrated into Coinbase’s non-custodial wallet as a scaling solution, according to a July 13 blog post. The addition will make it easier to use decentralized applications that are built on top of the network. Ads Ads The wallet’s browser extension—which was released in May—will also allow users to connect to dApps on
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BIT Mining Funds Relocation With $50M Stock Offering
On 13.07.2021 byChinese Bitcoin mining company BIT Mining has raised $50 million through a private placement of Class A shares, the company announced Monday. BIT Mining Looks to Relocate Chinese mining companies are raising funds to relocate. NYSE-listed company BIT Mining has announced it has entered into purchase agreements with investors for $50 million worth of Class
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S&P Dow Jones Launches Five New Crypto Indices
On 13.07.2021 byData provider S&P Dow Jones Indices has added five new indices to its existing roster of crypto market benchmarks, per a press release. The main event is the S&P Cryptocurrency Broad Digital Market (BDM) Index—a way of tracking the overall health of the crypto market, derived from the performance of over 240 different coins. The
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FTX Integrates Copper Tool Eyeing Institutional Market
On 13.07.2021 byThe move will allow institutions to trade FTX products through Copper’s platform without needing to deposit their assets to a hot wallet to trade. FTX Move Paves Way for Institutional Adoption FTX, one of the world’s fastest-growing cryptocurrency exchanges, has started using Copper’s ClearLoop trading tool. The move will help FTX attract institutional funds by
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Bitcoin ETF Unlikely to Happen in U.S. Even in 2022: Wilshire Phoenix Co-Founder
On 13.07.2021 byWilliam Cai, co-founder of New York-based financial services firm Wilshire Phoenix, recently predicted that a Bitcoin-tied exchange-traded fund would not be approved in the U.S. even in 2022 in a recent interview with ETF.com. Ads Ads Still, he believes that such a product will eventually be greenlit by the U.S. Securities and Exchange Commission: While