Bitcoin battles $35K as traders agree volatile BTC price move incoming
Bulls may not have long to wait before a BTC price action sees its next leg up, traders suggest, with $35,500 in focus for a breakout. Go to Source Powered by WPeMatico
Month: July 2021
Musée – the User Owned NFT Marketplace and Gallery
2021 continues to bear witness to the continual rise in non-fungible token (NFT) prevalence and innovation. Following on from 2020 – where the NFT market was claimed to have tripled in total transaction value – NFT sales in just the first quarter of 2021 reached over a whopping $2 billion. As the NFT market foundations … Read more
Robinhood’s cash cow under SEC scrutiny amid IPO filing
Robinhood’s main revenue source for the first quarter of 2021 could come under SEC review. Go to Source Powered by WPeMatico
Bank of Jamaica to begin digital currency pilot in August
The Bank of Jamaica is getting ready to begin testing its planned central bank digital currency in collaboration with financial institutions in the country. Go to Source Powered by WPeMatico
Bitcoin analyst says ‘supply shock’ underway as BTC withdrawal rate spikes to one-year high
The supply shock is being unnoticed similar to Q4 2020 before the price of Bitcoin skyrocketed, says Willy Woo. Go to Source Powered by WPeMatico
Spanish Congress Passes Antifraud Law: Users Will Have to Disclose Crypto Holdings Inside and Outside Spain
The Spanish Congress has approved the antifraud law that was amended last month by the senate. Spanish citizens must now inform about their crypto holdings even outside the country. The new law further establishes severe fines for citizens who fail to share this information with authorities. A limit on how much money citizens can pay … Read more
UFC inks $175 million sponsorship deal with Crypto.com
The deal terms were not publicly disclosed, but according to sources, it’s worth $175 million over 10 years. Go to Source Powered by WPeMatico
Iran pauses electricity exports due to crypto mining and hot summer
Discounted tariffs made Iran attractive to miners, now the country is having a hard time closing the gap between the production and consumption of electricity. Go to Source Powered by WPeMatico
Russian lawmakers prepare legal amendment to confiscate crypto
Russia’s prosecutor general, Igor Krasnov, says new crypto regulations are needed to combat corruption as — in his view — digital assets are often used to facilitate crime. Go to Source Powered by WPeMatico
Report: Fintech’s Growing Popularity a Threat to Profitability of Nigerian Banks
Financial technology companies (fintechs) are now among the biggest threats to the overall profitability of Nigerian banks, analysts from the country’s Coronation Merchant Bank (CMB) have warned. The Efficiency of Fintech As a report carried by local media explains, this threat from fintech services stems from their growing popularity with “tech-literate” customers. According to CMB … Read more
