Tag: bitcoin trader

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Exodus of pro-crypto financial regulators in UK amid allegations of misconduct in PM’s government

July 6, 2022

In his resignation letter, Economic Secretary to the Treasury John Glen said that “vital reforms” to the country’s financial services were ready to be presented to Parliament. Many officials responsible for regulating the United Kingdom’s financial system have resigned following allegations Prime Minister Boris Johnson exercised “poor judgement” in appointing a member of the government. …
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Bitcoin and Ethereum Still Range-Bound, AVAX and SAND Accelerate

July 6, 2022

Bitcoin price is still consolidating above the USD 19,500 support zone and is currently (11:47 UTC) trading near USD 20,100, with a key hurdle near USD 20,500. BTC increased over 2% in a day, erasing its weekly losses.  Similarly, most major altcoins are eyeing an upside break. ETH is moving higher towards USD 1,150, while…
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Regulatory Scrutiny Increasing as Crypto Becomes Financial Stability Risk – Report

July 6, 2022

There has been a sharp increase in regulations targeting the crypto space, with regulatory bodies mainly in North America and Europe aiming for everything from non-fungible tokens (NFTs) to stablecoins and ordinary cryptocurrencies, found a global RegTech (regulatory technology) firm CUBE. In a new report on the regulatory outlook for the crypto space, CUBE said…
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Chevrolet’s First NFT Draws Zero Bids Even Though It’s Accompanied by a Corvette

July 6, 2022

American automaker Chevrolet has seen (nearly) zero interest in its first non-fungible token (NFT) event, even though it’s promised to come with a free 2023 Corvette Z06. Dubbed “Own the Color,” the NFT displays a lime green Corvette Z06 and was created by digital artist Nick Sullo, who goes by xsullo online. The auction started…
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Hackers Stole USD 670M from DeFi Projects in Q2, Up by 50% from Q2 2021

July 6, 2022

Hackers and fraudsters stole a total of USD 670.7m from various crypto protocols during the second quarter of the year, according to a report by major bug bounty and security services platform Immunifi…. Read More: Hackers Stole USD 670M from DeFi Projects in Q2, Up by 50% from Q2 2021  Read more »Pay, Trade, Buy…
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Ethereum Name Service registrations surge by 200% amid lower gas fees

July 6, 2022

ENS domain registrations went from 11,042 to 29,727, as the domain “000.eth” was bought for 300 ETH. Ethereum domains showed an increase in demand as Ethereum Name Service (ENS) registration totaled 126,141 registrations in just one week.  The ENS Dashboard, a data tracker created by developer Nick Johnson, showed that registrations went from 11,042 to…
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Bear market delivery! Ohio guy rejoins DoorDash to buy more Bitcoin

July 6, 2022

A software developer from Ohio is taking on extra work at Door Dash to grow his stack of Bitcoin. What did you do in the 2022 bear market, anon? For one Bitcoiner, the opportunity to take on a second job to “stack sats” (buy more Bitcoin (BTC)), was too great. Isaiah, the founder of the…
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Salary payments in USDT stablecoin ruled as illegal in the Chinese court

July 6, 2022

Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country’s blanket ban on all types of crypto transactions. Despite the Chinese government banning all kinds of cryptocurrency transactions last year, some firms apparently still use stablecoins like Tether (USDT) to pay their employees. Beijing’s Chaoyang District People’s Court has…
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El Salvador’s Bitcoin wallet Chivo scores $52M in remittances in 2022

July 6, 2022

El Salvador payment app Chivo processed $52 million in remittances over the past 6 months, as expatriates make use of commission-free BTC transfers. Salvadorans living abroad have sent over $50 million in remittances from January to May this year, according to the El Salvador Central Reserve Bank. Douglas Rodríguez, president of the El Salvador central…
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Australia’s world-leading crypto laws are at the crossroads: The inside story

July 6, 2022

As crypto winter sets in once more, industry players in Australia, one of the worlds most crypto-friendly nations, watch closely for a shift in the regulatory climate. Anthony Albanese, the new Australian Labor Party prime minister, has made regulating crypto a top priority. However, neither he nor his cabinet has given a clear indication of…
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