Beijing’s local arbiter has attempted to clarify the government’s stance on bitcoin (BTC) – and stated that the world’s most notorious crypto ban is not exactly a “ban” per se. In an unprecedented move from a Chinese legal body, the Beijing Arbitration Commission (BJAC) – one of nine local legal bodies established to police courts…
Read 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. Crypto adoption news After a recent bitcoin (BTC) rally, the number of BTC addresses holding at least USD 1m has surged by 38% to around 18,000, according to blockchain analysis company Glassnode. Source:…
Read more
After seeing a decline for more than 3 months, the correlation between bitcoin (BTC) and gold is once again on the rise, with the sharpest increase seen in late July as gold, silver, and bitcoin have all soared higher in price. At the same time, investors are forced to pay premium over the spot prices…
Read more
The hackers who got away with BTC 13.14 – worth roughly USD 146,000 – in the infamous Twitter attack on July 15, gained the access they needed by targeting Twitter employees directly through a “phone spear-phishing attack,” Twitter said. The attackers relied on “a significant and concerted attempt to mislead” specific employees, and “exploit human…
Read more
Source: Adobe/Снежана Кудрявцева The head of Chile’s market-leading crypto exchange Buda said that crypto exchanges must hurry up and comply with government regulations or risk oblivion – and further damage to the wider crypto asset industry. In a podcast interview with Criptonoticias, Buda founder and CEO Guillermo Torrealba warned that crypto exchanges should toe the…
Read more
Coincheck, one of Japan’s leading crypto exchanges, has reported that its revenues are down by over a third on last year’s figures – although its operator has launched crypto lending services in the United States. Per a financial report from its operator the Monex Group, Coincheck said that its year-on-year operating revenue for the first…
Read 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 Coinbase has launched a rewards program for customers holding Maker’s DAI stablecoin. To be eligible, users with a verified identity on the exchange, who reside in one of the six countries…
Read more
One of the most notorious and largest-scale bitcoin (BTC) scams of all time appears to have finally be taken down – with Chinese police swooping to arrest 27 suspects it said orchestrated PlusToken. Per state-owned media outlet Chinanews, the Ministry of Public Security, China’s police authority, has announced the arrests, noting that it has now…
Read more
The crypto-skeptic Russian Central Bank (CB) has taken another swipe at crypto – equating investment in digital tokens to “playing roulette” or investing in “pyramid schemes.” Meanwhile, some experts have suggested that new Russian “suspicious funds” seizure laws could be applied to crypto holdings. In a YouTube video released by the CB, the bank’s Read…
Read more
Federal Reserve Chairman Jerome Powell. Source: a video screenshot, Youtube/CNBC Television With the US Federal Reserve’s Federal Open Market Committee (FOMC) set to release a statement from their meeting this evening (UTC time), crypto holders may be in for another run higher if the traditional market gets it the way it wants. While the Fed…
Read more
