Tag: Bitcoin News

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OKCoin’s Lightning, Grayscale’s Fillings, NexTech Sells BTC on Fake News + More

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news OKCoin said it will integrate the Lightning Network into the OKCoin exchange in Q1 2021. The Lightning Network is a layer 2 protocol that operates on top of the Bitcoin (BTC)…
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US Treasury Nominee Yellen Tells Senators that Crypto Has ‘Benefits’

Janet Yellen. Source: A video screenshot, Youtube/Credit Suisse American President Joe Biden’s Treasury Secretary nominee Janet Yellen has been blamed by many for the recent slide in token prices after expressing “concerns” about crypto – now many will hope that more positive comments on the matter could help halt the worsening decline. Yellen has been…
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Bitcoin and Altcoins Take Strong Hit, But Buyers Still Here

Bitcoin price remained in a bearish zone after it settled below USD 35,000. BTC declined below many major supports near USD 32,000 to move into a bearish zone. It even spiked below USD 29,000 and it is currently (05:00 UTC) getting closer to USD 32,000. Similarly, most major altcoins declined heavily and are now moving…
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‘Over-Regulation’ May Scupper South Korea’s Fledgling Crypto Sector

Source: Adobe/y fran_kie Critics have accused Seoul of “over-regulation,” claiming that a new South Korean crypto law – which will promulgate in a matter of weeks – could marginalize the industry. Per a report from EBN, voices of concern are growing louder within the crypto sector, with some business experts claiming that the cost of…
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Idea Of Taxing Unrealized Gains Resurfaces As Money Printing Intensifies

Sources: Adobe/Maksym Yemelyanov United States President Joe Biden’s Treasury secretary nominee Janet Yellen has once again become a topic of discussion in the Cryptoverse – this time over her comments suggesting she may look to tax of unrealized gains. And this has led some to question if the US is demonstrating a sign of what…
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Bitcoin Protection, New Surveys, Mnuchin’s Idea On Ice + More News

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. (Updated at 18:18 UTC with an announcement from BlockFi.) Bitcoin news Not only has bitcoin (BTC) proved lousy at offsetting short-term drawdowns in big sell-offs, its very popularity among retail investors is increasing…
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Bitcoin Whitepaper Battle: Wright’s Request, Cobra’s Refusal, Devs’ Removal

Craig Wright. Controversial Australian computer scientist Craig Wright demanded Bitcoin.org and Bitcoincore.org websites take down the famous Bitcoin (BTC) whitepaper citing copyright law – with the owner of Bitcoin.org, Cobra Bitcoin, refusing to do so, and Bitcoin Core developers removing it anyway. Early on Thursday morning (UTC time), Cobra announced that  Read more »Pay, Trade,…
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Former Coinbase Exec Might be Replaced With Former Ripple Advisor At OCC

New American President Joe Biden’s team could comprise a regulator with a taste for crypto. Despite the gloom cast over the crypto world by United States Treasury secretary nominee Janet Yellen’s recent comments concerning her crypto “concerns,” reports are linking a former Ripple advisor to the post of Comptroller of the Currency – the chief…
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Bitcoin and Altcoins Struggle To Recover Losses

Bitcoin price declined after it broke the USD 35,500 support. BTC even dived below USD 34,000 before the bulls appeared near USD 33,400. It is currently (05:00 UTC) consolidating losses above USD 34,000 and facing many hurdles near USD 35,500. Similarly, most major altcoins are still in a bearish zone. ETH/USD is down 5% and…
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BlackRock Has USD 235bn in Alternatives And Now It’s Coming For Bitcoin

Source: A video screenshot, Youtube/CNBC As the world’s largest asset manager, BlackRock, revealed its intentions to invest in cash-settled bitcoin (BTC) futures, the question is – how large this exposure might be? In its Q4 2020 report, the company said that it had more than USD 235bn in alternative investments at the end of the…
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