Once again, Russia has a worrying idea for the local crypto industry and users as Russia’s Central Bank announced a new proposal that would seek to place an annual cap of around USD 7,800 (BTC 0.68) on crypto purchases for everyone in the country barring accredited investors. In an official release, the Central Bank proposed…
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Bitcoin price started a seemingly short-term pullback after trading just above the USD 11,700 level. BTC/USD tested the USD 11,300 zone and it is currently (05:00 UTC) trading above USD 11,400. However, the price must gain bullish momentum above USD 11,550 for another sustained move higher. Similarly, there were minor dips and range moves in…
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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 Last week, the New York Digital Investment Group, a subsidiary of US-based investment company Stone Ridge Holdings Group, raised another USD 50m in an investment round led by the Fintech Collective,…
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Bitcoin (BTC) thieves are amassing a fortune in stolen crypto funds – using a devious Electrum wallet exploit that allegedly tricked one user out of a staggering BTC 1,400 (USD 16.1m). Per a report from ZDNet, criminals have developed an “attack pattern that has been reused in multiple campaigns over the past two years,” amassing…
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Global regulatory actions might be sending a worrying sign to the whole crypto industry and its players that are urged to stay vigilant and protect their right to privacy. A regulatory change is coming, with governments globally looking to impose harsher restrictions on access to cryptoassets, according to Jake Chervinsky, General Counsel at Compound Finance.…
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Source: Adobe/Johanna Mühlbauer The Organization for Economic Cooperation and Development (OECD) is looking to push its members to adopt crypto tax frameworks. Per a new OECD report, the organization said it wants to promote transparency in all transactions involving cryptoassets, ensuring revenues generated from trading are taxed in the world’s biggest economies. Intended for the…
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Bitcoin price was able to clear the 11,500 resistance, resulting in more upsides. BTC extended its rise above the USD 11,650 level, but there was no test of the USD 11,800 resistance. The price is currently (13:00 UTC) correcting lower from USD 11,720, but it might find support above USD 11,200. Also, there were mostly…
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Somebody moved at least 1,000 bitcoin (BTC) that were dormant since they were mined in 2010. Bitcoin’s price, however, seems to be unfazed by the event. Twenty blocks with coinbase reward were spent on October 11, shows onchain parser Btcparser.com, with BTC 1,000 in total, in block 652,204. This was followed by another BTC 50…
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Inside Tesla’s Gigafactory in Nevada, US. Source: a video screenshot, Youtube/CNBC International Elon Musk has stated reports that his Tesla Gigafactory 1 plant in the desert outside Sparks, Nevada, is fitted with a bitcoin (BTC) ATM may be “inaccurate,” while other claims show that this story might be somewhat more complicated. Musk tweeted in response…
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As bitcoin (BTC) finished with its worst-performing month, better returns could be expected in October, according to researchers at crypto exchange Kraken. They also noted that the so-called ‘smart money’ is not entirely reflected in the price of the world’s most popular cryptocurrency. Kraken Intelligence, the exchange’s team of in-house researchers, has released its Read…
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