Bitcoin price is returning to $40K — But will shorts have their revenge?
An analyst promises an “interesting few days” as volatility firmly reenters the Bitcoin market and sentiment transforms. Go to Source Powered by WPeMatico
DIGIT
Buterin’s $1B SHIB donation tricky to cash out, says fund manager
Realizing Vitalik Buterin’s $1 billion donation in Shiba Inu coins to the Covid Crypto Relief Fund in India has turned out to be a labyrinthine process for the fund’s creator. Go to Source Powered by WPeMatico
Binance cuts withdrawal limits, rolls out tax reporting tool
Existing Binance users will not be able to withdraw more than 0.06 BTC per day without completing full KYC verification, effective in August. Go to Source Powered by WPeMatico
Japan to test Ripple’s ODL service for money transfers to Philippines
Japan’s first On-Demand Liquidity (ODL) service implementation helps Ripple to drive the adoption of crypto-enabled services. Go to Source Powered by WPeMatico
Nigerian Central Bank Stops Forex Sales to Bureaus de Change — Operators Accused of Feeding Black Market
The Central Bank of Nigeria (CBN) recently announced the abrupt end to sales and outsourcing of foreign exchange to Bureau de Change (BDC) operators after accusing them of failing to stick to their core mandate. Instead of providing forex to retail users, BDCs are believed to be supplying the scarce resource to so-called “illegal” dealers. … Read more
Iran Raises Alarm Over Potential Influx of Miners From China
With the government in Beijing cracking down on their operations, Chinese miners have been on the lookout for other jurisdictions. Providing low-cost energy, Iran has emerged as a prospective destination. However, the country’s state-owned power utility has expressed concerns over a possible influx of miners and illegal imports of mining hardware from China. Tavanir Warns … Read more
Bitcoin tries to break $40K second time in two days
After six weeks pacing between $30,000 and $36,000, BTC price is now hovering around $40,000 resistance once again in two days. Go to Source Powered by WPeMatico
$7B investment firm recommends crypto to beat currency debasement
Crypto and land are the best assets to protect against currency debasement, advises contrarian investment firm, Horizon Kinetics. Go to Source Powered by WPeMatico
CBDCs ‘concocted in hell by Satan himself’ says ASI president Rich Checkan
Rich Checkan described CBDCs as the spawn of Satan, and thinks that Bitcoin is still a speculative asset and not a currency alternative yet. Go to Source Powered by WPeMatico
Unique Addresses Tethered to Ethereum Defi Apps Climb Past 3 Million
The number of users or unique addresses leveraging decentralized finance (defi) protocols via Ethereum has risen past 3 million according to recent statistics. A vast majority of these unique addresses use the defi protocol Uniswap, as 2.4 million users have been recorded since December 2018. Ethereum Defi Applications See Unique Addresses Surpass 3 Million According … Read more
