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 UK-headquartered major fintech Revolut has launched its crypto trading service in the United States via a partnership with Paxos Trust Company. Revolut US is the first partner to leverage Paxos…
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US-based major digital asset manager Grayscale said it recorded its largest quarterly inflows in the second quarter, when it also started buying more bitcoin (BTC) than it has been generated after the halving in May. In its latest report, the company revealed: In the second quarter, quarterly inflows reached USD 905.8m, or 80% more than…
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Source: Twitter/@Bitcoinbeach Foundering fiats, a global pandemic and an anonymous donor’s generosity have led to the creation of a bitcoin (BTC)-powered economy in a village in El Salvador, the smallest and the most densely populated country in Central America. Per an article written by a Forbes contributor, a village named El Zonte – population 3,000…
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Bitcoin price remained stable above the USD 9,100 and USD 9,050 support levels. However, BTC is facing a strong resistance near the USD 9,300 and USD 9,320 levels. The price is currently (08:30 UTC) recovering towards USD 9,300, above which it might start a strong upward move. Similarly, most major altcoins are trading near make-or-break…
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Arthur Hayes. Source: a video screenshot, Youtube, CfC st. Moritz HDR Global Trading, the operator of major crypto derivatives platform BitMEX, is creating a new holding company structure, branded 100x, "to pursue a broader vision to reshape the modern digital financial system," Co-founder and CEO Arthur Hayes announced today. The new structure will include all…
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The total number of bitcoin (BTC) wallet transactions has spiked in Vietnam, Bangladesh, and South Africa, with monthly activity figures up 25%, 16% and 15.9% respectively on major wallet and exchange platform Blockchain.com. The company shared the news in a blog post, adding that although BTC experienced a drop in market capitalization for June 2020…
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Mike Belshe, CEO of BitGo. Source: a video screenshot, Youtube/Bloomberg Major crypto services provider BitGo said it has enabled API support for exchange clients aiming to achieve compliance with the Financial Action Task Force (FATF)’s Travel Rule. As previously reported, the Travel Rule has introduced a series of KYC (know-your-customer) and AML (anti-money laundering) requirements.…
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Despite some crypto exchanges still increasing their trading fees, the future may bring about a highly anticipated reduction in fees as competition heats up in the industry, crypto research firm Arcane Research said in a new report. Even though bitcoin itself can be considered “a homogenous product,” the same cannot be said about bitcoin trading,…
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Fiat failures and widespread inflation stemming from skyrocketing public debt could pave the way for bitcoin (BTC) to enter the mainstream in the next one to two years, say prominent crypto industry players. Speaking in a recent panel at Real Vision’s The Crypto Gathering event, Nic Carter, a partner at Castle Island Ventures and the…
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Bitcoin (BTC) mining difficulty just reached a new all-time high, increasing pressure on less efficient miners that have already started selling more BTC. Bitcoin mining difficulty, which is the measure of how hard it is to compete for mining rewards, just jumped by 9.89%, climbing above 17 T for the first time and reaching 17.35…
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