In the early Asian session, bitcoin price declined below the USD 11,400 level, but it found support near the USD 11,250 level. BTC started a fresh upward move and it broke the USD 11,500 resistance. However, on Friday morning (UTC time), the price faced a strong rejection near USD 11,550, resulting in a sharp decline…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Regulation news The New York Department of Financial Services announced its first-ever techsprint, an initiative to convene regulators and industry stakeholders to work towards a common goal of Digital Read more »Pay, Trade,…
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Norilsk. A Russian firm is set to open a hotel with a difference in the Arctic Circle – although it isn’t the kind most folks would ever dream of visiting. Instead it’s a crypto mining “hotel” fitted with ASIC bitcoin (BTC) mining rigs and powered with 11.2 MW of electrical energy. In a uniquely crypto-themed…
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If you’re considering setting up a "brainwallet" to secure your bitcoin (BTC), you might want to think twice and learn from a recent experiment. It showed that BTC might be stolen in less than a second. Contrary to a paper wallet, where a BTC owner has their seed phrase written, brainwallet means that this kind…
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Bitcoin price made a few attempts to gain pace above the USD 11,500 and USD 11,550 resistance levels. However, BTC struggled to stay above USD 11,500 and stuck in a range. The price is currently (05:00 UTC) trading well below USD 11,500, with a major support at USD 11,250. On the other hand, there was…
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Source: Adobe/Андрей Яланский The Korea Blockchain Association (KBA) has urged the South Korean government to postpone plans to start imposing tax on crypto trading profits from October 2021 – stating that it seems unlikely that the required infrastructure will be in place in time. Per ZDNet Korea, the KBA, which represents exchanges and other blockchain-related…
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Major crypto derivatives exchange BitMEX avoided solvency problems and managed to process all of its users’ withdrawals on time to remain solvent and in operation after a recent crackdown by the United States legal system. So how did the custodian managed the fallout? As reported, BitMEX founders Arthur Hayes, Samuel Reed, and Ben Delo were…
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While bitcoin (BTC), as an investment, is still attractive because it is an independent, alternative, and uncorrelated asset, a growing institutional investor base could increase bitcoin’s correlation with other traditional assets, according to Fidelity Digital Assets (FDA), a crypto arm of US-based mutual fund giant Fidelity. As BTC is becoming increasingly integrated into Read more…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Investments news US-based major crypto investment company Grayscale said it recorded its largest-ever quarterly inflows, over USD 1bn in 3Q20, making it the third consecutive record-breaking quarter. Also, Grayscale Read more »Pay, Trade,…
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Panama-based company Ocean Builders is readying to transform the former Pacific Dawn, a 1991-built vessel, into what it calls a crypto cruise ship, a floating community to host businesses including stores and restaurants that will accept bitcoin (BTC) from prospective customers. The vessel was renamed Satoshi in a seeming bid to honor the cryptocurrency’s creator.…
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