Day: July 27, 2021

Bitcoin Dominance Inches Closer to 50 Percent as BTC Revisits $40K

Bitcoin’s market share has spiked to 49.15 percent, its highest level since May 3, according to TradingView data. Ads Ads Image by However, it is still down nearly 33 percent from its Jan. 3 peak of 73.68 percent. The flagship cryptocurrency has been leading the recent recovery, far outperforming top altcoins. Earlier today, Bitcoin

China’s Ongoing Crypto Crackdown Is All About Perception

Calling it a blood bath is an understatement. On July 23, Chinese stocks listed in the U.S. plunged as Beijing issued new regulations cracking down on education technology companies that provide services such as tutoring. New Oriental, an institute where your correspondent spent a good amount of her youth in Beijing, dropped 60% when the

Binance Cuts Daily Withdrawal Limits for Unverified Users

Binance said users who have not been fully verified can withdraw up to 0.06 BTC daily. The previous limit was set to 2 BTC. Binance Reduces Money Laundering Risks Binance, the world’s largest cryptocurrency exchange by trading volume, has readjusted its daily withdrawal limits for unverified users, slashing it by 97%. Today, the exchange said

Robinhood to Tackle Crypto Volatility by Overriding Some Trades: Report

Ask a new investor to cryptocurrency how it’s different from trading stocks, and they’ll probably tell you about volatility. Bitcoin, for example, went from $30,000 to above $40,000 in less than a week. Robinhood, the stock and crypto investment app, is reportedly working on a solution to this problem for its customers: stop them from

Yield Guild Games Token Launch Crashed by 32 Whales

Yield Guild Games has launched its new community token. However, only 32 addresses have bought the entire supply. Whales Buy YGG Token on Launch The popular play-to-earn gaming guild Yield Guild Games launched its YGG community token via an initial DEX offering (IDO) Tuesday. Within seconds of the IDO going live, the entire offering of

Mastercard Launches Cryptocurrency Startup Accelerator

Mastercard has announced a startup engagement program called Start Path to support companies in the digital assets space. Mastercard Backs Crypto Startup Companies Mastercard is launching an accelerator program for crypto startups. The credit and debit card giant will provide technical and financial assistance to early-stage projects in the space. Mastercard announced the digital asset-focused

US Lawmakers Want to Avoid Chinese-Like Surveillance With Digital Dollar

U.S. lawmakers today spoke about the benefits of a central bank digital currency (CBDC)—but conservatives also expressed concern over how it could turn the country into a Chinese-like surveillance state. Politicians quizzed experts on how a so-called digital dollar in the States would work during a two-hour meeting held by the Subcommittee on National Security,

Investing Legend Mark Mobius Says Bitcoin Is Going to Break Lower

Emerging markets guru Mark Mobius recently told Bloomberg that Bitcoin was going to break down lower in spite of its recent recovery: Ads Ads I don’t see how enthusiasm about cryptocurrencies is going to grow in this environment. Mobius expects governments to crack down “more and more” on the industry. He points to the mounting

Binance Is Making It Harder to Trade Bitcoin Anonymously Amid Regulatory Troubles

Binance, the world’s top exchange by trading volume, is feeling the heat from regulators. In an effort to cool down, it announced changes that help it better comply with local regulations, including more restrictions on customers who haven’t completed all steps of its user verification process. As of today, new users on the exchange will

Dogecoin Fan Offers 10 Percent Discount on His House if Buyer Pays Him in DOGE

An American from the state of Utah has joined the ranks of those who are selling their property for cryptocurrencies, according to local television station KUTV. Scott Paul’s offer comes with a pleasant twist: those who pay in meme cryptocurrency Dogecoin will be able to get a 10 percent discount on his property. Considering that

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