Month: July 2021

U.S. President Joe Biden and lawmakers have agreed on the details of a roughly $1 trillion bipartisan infrastructure package with measures to step up tax enforcement around crypto assets. Taxing Crypto Transactions to Fund US Infrastructure Plan The White House announced Wednesday that President Joe Biden and a bipartisan group of lawmakers have agreed on the details of “a once-in-a-generation investment” in the U.S. infrastructure. The bill will be taken up in the Senate for consideration, the White House stated, Read more …

Dekabank, one of Germany’ largest asset managers, is considering investing in Bitcoin, a spokesman for the firm told Bloomberg today. The news comes in advance of a new German law taking effect Monday that would make it possible for Spezialfonds to invest up to 20% of holdings in Bitcoin. In Germany, special funds are mainly used for investments by institutions such as pension companies and insurers. Under this new legislation, Dekabank would become just one of about 4,000 German firms eligible Read more …

July 30th marks the day, six years ago, Ethereum was launched. The Bitcoin.com Wallet, having just integrated Ethereum, is excited to celebrate the achievements of the world’s premier smart contract platform – and to do so, we’re giving away $6000 in Ether (ETH), the native currency and the ‘fuel’ of the Ethereum network. What Is Ethereum? With the ambitious vision of creating a fully decentralized general purpose computing network, Ethereum and the massive community of developers that has sprung up Read more …

The below is a recent edition of the Deep Dive, Bitcoin Magazine‘s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. Big Money Making Moves On-chain data has started to show that large-pocketed investors have begun to aggressively accumulate bitcoin. OTC Desk Outflows Looking at the seven-day moving average of OTC Desk Outflows, over the course of 2021 there has been a pretty strong correlation Read more …

The Central Bank of Russia (CBR) has identified 146 financial pyramid schemes in only six months this year. Fraudsters often lure people with weak financial literacy into investment scams linked to cryptocurrencies or crypto mining operations. Pyramid Schemes Thrive Amid Rising Investment Demand, Bank of Russia Says The number of financial pyramid scams uncovered by the CBR between January and June 2021 is 1.5 times higher compared to the same time period last year, the regulator announced this week. The Read more …

As many as eight China-based Bitcoin mining firms are said to be looking to relocate operations to Paraguay in the wake of the country’s crackdown on its domestic industry. Estimates suggest this migration could take place over years, and that as many as 500,000 machines could eventually be installed in the country, touted for its abundance of renewables. The figures come from local media reports in Latin America, led by cryptocurrency news source Criptonoticias, but since publicized by larger outlets Read more …

Although it’s possible to draw comparisons between almost any two blockchain development platforms, comparing Ethereum with Polkadot is almost an inevitability. Not only on the technical level – they use a comparable architecture and proof-of-stake consensus to achieve scalability – but because Vitalik Buterin and Dr. Gavin Wood also have a shared history in Ethereum. Polkadot and Ethereum are Entering the Final Stretch of the Runway for Chain Supremacy The coming year is set to be a big one for Read more …

The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national fiat, experts have stated. As the renminbi (RMB, CNY) is becoming one of the world’s most important currencies, the People’s Bank of China is planning to conduct cross-border tests with the yuan’s digitized version, the e-CNY. Digital Yuan to Facilitate ‘Renminbi Internationalization’ The digital yuan will further promote the process of “internationalization” of the renminbi, Chinese experts believe. This can happen when the Read more …

The Ghanaian Vice President, Mahamudu Bawumia, has implored African governments to start exploring digital currencies as such alternatives have the potential to enhance intra-African trade. In addition, such digital currencies allow African countries to carry out all cross-border payments smoothly, the leader explained. Ghana Government Backing for CBDC According to a report, Bawumia made these comments while addressing guests at the opening ceremony of the Ghana International Trade and Finance Conference (GITFIC) in Accra. The report also quotes Bawumia commending Read more …

The future of crypto navigation www.coinanalytics.io In the treacherous world of financial investments it’s hard to climb and easy to slip and fall. Most traders would spend hours on end observing charts using technical analysis and meticulous price action. After rigorous research of fundamental mechanics validating many indicators and KPI reports of indices or CFTC reports or similar to find market opportunities and to determine entry or exit strategies. All this manual work may take days or weeks to decide Read more …

Ethereum is up over 5% and it broke the $2,400 resistance against the US Dollar. ETH price outpaced bitcoin and it seems like there are chances of more gains above $2,450. Ethereum started a fresh increase and it managed to surpass the $2,320 resistance zone. The price is now trading well above $2,300 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $2,340 on the hourly chart of ETH/USD (data feed Read more …

Santiago Nieto Castillo, leader of the UIF, the Mexican financial regulator, has issued an alert that 12 cryptocurrency exchanges are operating illegally in the country. The regulator is now producing the necessary data for Mexican authorities to act against these exchanges. The institution receives information from 23 registered cryptocurrency exchanges reporting users’ transactions. Mexican Regulator on the Hunt for Unregulated Exchanges The Financial Intelligence Unit (UIF), the Mexican financial regulator, issued an alert about 12 cryptocurrency exchanges that Read more …