Crypto market cap returns to $2T for the first time since May

The total value of all cryptocurrencies in circulation — a major bellwether for the health of the overall market — reached $2 trillion on Wednesday for the first time in almost three months, offering compelling evidence that buyers are back in control.  Measured by market capitalization, digital asset values peaked at $2.007 trillion on Wednesday,… Continue reading Crypto market cap returns to $2T for the first time since May

Altcoins soar while Bitcoin bulls gather strength to attack $48,000

The cryptocurrency market charged full steam ahead on Aug. 11 as the price of Bitcoin (BTC) climbed to $46,743 and bulls are now taking aim at the $48,000 resistance level as the next target.  Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were IoTeX (IOTX), WINk (WIN)… Continue reading Altcoins soar while Bitcoin bulls gather strength to attack $48,000

Broker licensing for US blockchain developers threatens jobs and diversity

United States lawmakers will soon destroy a massive opportunity for job creation and a diverse workforce in blockchain technology if they do not amend infrastructure bill HR 3684, which would require blockchain developers to attain broker status on U.S. soil. HR 3684 does not recognize the taxonomy of the asset class. Not every crypto asset… Continue reading Broker licensing for US blockchain developers threatens jobs and diversity

China crypto crime: Still ‘top ranked’ for illicit activity but crime is falling

A new report from Chainalysis has found that while China’s share of global criminal crypto flows has been falling since the third quarter of 2019, the country still represents a disproportionate amount of money laundering and scam activity. In its August 3 Cryptocurrency and China report, Chainalysis stated that more than $2.2 billion worth of… Continue reading China crypto crime: Still ‘top ranked’ for illicit activity but crime is falling

Will the Real Polygon Please Stand Up — Spammers Wrongly Post Coin Drops on Video Game-Related Feed – News Bitcoin News

In a strange twist of fate, two companies named Polygon are the source of a storm of confusion on Twitter as a video game community gets a unique introduction to Polygon’s blockchain technology. Crypto Scammers Hit Game-Related Feed Polygon, the rebranded layer 2 blockchain solution (previously Matic Network), has been mixed up with another identically… Continue reading Will the Real Polygon Please Stand Up — Spammers Wrongly Post Coin Drops on Video Game-Related Feed – News Bitcoin News

Coinbase beats earnings estimates as analysts say regulation will ‘stifle’ innovation

Coinbase Global (NASDAQ: COIN) rebounded during the early trading hours on Aug.11 after it beat Wall Street forecasts for sales and revenues in the second quarter. The cost to purchase one COIN share surged 4.7% to $282.34 at the New York opening bell. Later, bids for the COIN rose to as high as $294 before… Continue reading Coinbase beats earnings estimates as analysts say regulation will ‘stifle’ innovation

SuperBid (SUPERBID) Token Is Now Listed on Bitcoin Exchange – Press release Bitcoin News

PRESS RELEASE. Bitcoin.com Exchange is thrilled to announce the listing of SUPERBID, being available to trade on the 28th May 2021 at 12:00 UTC. The SUPERBID token was created by its respective team to fuel it’s social-auction app enabling its users to connect influencers with their fans in exchange for items, experiences, and NFTs. SUPERBID… Continue reading SuperBid (SUPERBID) Token Is Now Listed on Bitcoin Exchange – Press release Bitcoin News

BOJ's Kuroda Criticizes Bitcoin — Central Bank Governor Says Trading Is 'Barley Used for Settlement' – Bitcoin News

Following the recent developments in China and the environmental concerns about bitcoin’s energy consumption, the Bank of Japan Governor Haruhiko Kuroda criticized the leading crypto asset bitcoin in an interview on Thursday. BOJ’s Kuroda Says Bitcoin ‘Volatility Is Extraordinarily High’ Bitcoin prices have slumped again on Friday after a tumultuous week. After tapping a daily… Continue reading BOJ's Kuroda Criticizes Bitcoin — Central Bank Governor Says Trading Is 'Barley Used for Settlement' – Bitcoin News

Australian tax office: Report crypto profits or else

The Australian Tax Office has urged citizens to accurately report any profits made in the process of trading cryptocurrencies like Bitcoin (BTC), as it anticipates tax filings from a pool of 600,000 Aussies who it now believes to be invested in digital assets. The ATO’s assistant commissioner, Tim Loh, told news.com.au that people still made… Continue reading Australian tax office: Report crypto profits or else

Crypto firms not meeting AML standards, says UK minister

Cryptocurrency businesses in the United Kingdom have been struggling to meet Anti-Money Laundering standards set by the Financial Conduct Authority, according to a senior official. John Glen, a member of U.K. Parliament and the economic secretary to the Treasury, pointed out major difficulties in the process of registering crypto firms under the FCA’s AML regulations… Continue reading Crypto firms not meeting AML standards, says UK minister