$4.6 Billion Under Management: Grayscale Purchased Over $100M Worth of Bitcoins Last Week

This week cryptocurrency proponents discussed the firm Grayscale Investments, as the firm purchased 9,702 bitcoins (over $110 million) in the past five days. The news follows Grayscale informing the U.S. Securities and Exchange Commission (SEC) that the Bitcoin Trust (GBTC) grew over $1.6 billion in 2020. Last Friday, Grayscale Investments filed a quarterly report with […]

The post $4.6 Billion Under Management: Grayscale Purchased Over $100M Worth of Bitcoins Last Week appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America

Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North AmericaOn August 6, the blockchain intelligence firm Chainalysis published a report that analyzes cryptocurrency trends across various regions worldwide. According to the statistics, North America purchases and holds more bitcoin than any other region. Bitcoin also accounts for the largest share of U.S. crypto asset activity with 72% of all the transaction volume. The blockchain […]

The post Blockchain Analytics Show Altcoins 2x More Prominent in East Asia Compared to North America appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF Standards

South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF StandardsSouth Africa is proposing new rules around crypto-assets service providers (CASP) as it seeks to align regulations with standards of the Financial Action Task Force (FAFT). The proposed rules are part of amendments to the Financial Intelligence Centre Act (FICA) that are up for public comment. Finance Minister Tito Mboweni published the proposals in June. […]

The post South Africa Proposes New Rules to Regulate Cryptocurrencies, Seeks Alignment With FATF Standards appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Advocacy Group Claims IRS-Issued Crypto-Warning Letters Violated Taxpayer’s Rights

Close to a year ago last July, the U.S. Internal Revenue Service (IRS) revealed it would be sending ‘soft letters’ to suspected American cryptocurrency owners advising them to pay their taxes. Now according to the Taxpayer Advocate Service, a subsidiary of the IRS, the soft letters undermined the rights and protections of American taxpayers. The […]

The post Advocacy Group Claims IRS-Issued Crypto-Warning Letters Violated Taxpayer’s Rights appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

$1.4M in Bitcoin Transactions: New High for Argentina as Confidence in the Peso Tanks

$1.4M in Bitcoin Transactions: New High for Argentina as Confidence in the Peso TanksCrisis laden Argentina saw bitcoin transactions worth $1.4 million (101 million pesos) being recorded in the past week, a new high for the country. According to a report by Vorem, this figure is nearly double the previous high of $0.96 million recorded in the last week of June. Citizens who have previously “watched their currency […]

The post $1.4M in Bitcoin Transactions: New High for Argentina as Confidence in the Peso Tanks appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Popular Analyst Reveals New Bitcoin Pricing Model: Prediction Suggests ‘Bullish Run a Month Away’

Popular Analyst Reveals New Bitcoin Pricing Model: Prediction Suggests 'Bullish Run a Month Away'The popular bitcoin analyst Willy Woo told his 132,000 Twitter followers that he’s working on a new pricing model that suggests a bull run is imminent. In fact, Woo says the model suggests bitcoin is close to “another bullish run” with “maybe another month to go.” The price of bitcoin (BTC) has been declining during […]

The post Popular Analyst Reveals New Bitcoin Pricing Model: Prediction Suggests ‘Bullish Run a Month Away’ appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in Value

US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in ValueThe U.S. economy continues to look bleak as the American citizens and small businesses nationwide struggle to keep up with the government’s rules toward Covid-19 guidelines. In just 13 weeks, over 45 million Americans filed for unemployment benefits and many citizens cannot pay their mortgages. Numbers stemming from last month’s property data indicates that about […]

The post US Real Estate Market Crisis: 4.3 Million Mortgage Delinquencies, Commercial Properties Sink in Value appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active Installs

Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active InstallsA couple of months ago, a new WordPress (WP) plugin launched that allows anyone to host a digital currency trading platform. With the application, WP website owners can earn fees from various crypto asset trades. The developer of the plugin called “Wpcryptoexchange” tweeted on June 19, that there are now 300 active installs of his […]

The post Hundreds of Sites Now Earn Crypto Trading Fees: Exchange WordPress Plugin Sees 300 Active Installs appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC

Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTCA number of venture capitalists and macro investors believe bitcoin’s price will break out soon following suit with gold’s recent climactic rise. Dan Tapeiro, cofounder of Gold Bullion International, thinks that $4.6 trillion in cash sitting on the sidelines right now, could very well flow into precious metals and crypto-asset markets. Moreover, other investors have […]

The post Analysts Say Bitcoin Breakout Imminent: Silver-like Suppression, $5 Trillion in Cash Could Flow Into BTC appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

Singapore-Based Carpooling Platform Ryde Plans to Support Bitcoin Payments

The popular and first Singapore-based carpooling platform, Ryde has revealed that customers will soon be able to pay with bitcoin. The feature will be available after the bitcoin support is incorporated into the company’s payment app on June 22. Ryde has approximately 29,000 drivers, tens of thousands of customers, and millions of trips have been […]

The post Singapore-Based Carpooling Platform Ryde Plans to Support Bitcoin Payments appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico