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“# Some US lawmakers want Bitcoin miners to be exempted from proposed crypto taxes ” Lawmakers in the United States have called for caution regarding implementing a proposed tax policy that could have significant implications for America’s crypto space. As previously reported by Cointelegraph, an expanded crypto taxation regime was a last-minute addition to the…
“# New study reveals high demand for payments in cryptocurrency ” Payments in cryptocurrencies like Bitcoin (BTC) make up one of the biggest use case demands among consumers alongside long-term investment, according to new data. Pymnts, a major payments-focused publication, released Monday a report on consumer preferences regarding cryptocurrency payments. Dubbed “Cryptocurrency Payments Playbook: Cryptocurrencies…
“# More like ‘shock-to-flow’ — BTC price hits bull trigger as mystery buyers scoops up supply ” Bitcoin (BTC) is due for a fresh price surge if one classic price model repeats historical behavior — and buyers are still supporting it. In a tweet on Aug. 3, analyst William Clemente noted that BTC/USD has reached…
“# Russian court orders Sber to unblock account used for Bitcoin trading ” The state of cryptocurrency regulation in Russia has taken another twist as a local court has ordered the country’s largest bank to resume account support for a Bitcoin (BTC) trader. Sverdlovsk regional court, a court in Russia’s fourth-largest city of Yekaterinburg, has…
“# SEC chair wants robust crypto regulatory regime for the US ” Gary Gensler, chairman of the United States Securities and Exchange Commission (SEC), is reportedly keen on bright-line regulations for the country’s crypto space. Gensler expressed the SEC’s desire to install safeguards for crypto investors in America in a Bloomberg interview, stating: “If somebody…
“# Bitcoin price dips below $38K, with bullish traders eyeing a new higher low next ” Bitcoin (BTC) briefly fell below $38,000 on Tuesday as signs of a retracement from range highs continued to flow in. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Caution before BTC’s price swings lower Data from Cointelegraph Markets Pro and…
“# Aussie crypto exchange CoinJar partners with Mastercard for crypto cards ” Mastercard has been making headlines consistently as it ramps up efforts to offer crypto services across the globe. In a new partnership with CoinJar, Mastercard will enable the Australian market to spend cryptocurrencies within its fiat infrastructure. CoinJar’s blog post highlighted that the newly…
“# Eth2 will help Ether outpace Bitcoin, Pantera Capital CEO predicts ” Amid the looming Ethereum London hard fork, Pantera Capital CEO Dan Morehead predicted that the upcoming upgrade would likely help Ether (ETH) outpace Bitcoin (BTC) as the largest cryptocurrency. As a newer cryptocurrency, Ether has more potential than Bitcoin, Morehead said at the…
“# Bitcoin outflows from centralized exchanges surge to 100K BTC monthly ” Bitcoin (BTC) outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days. According to Glassnode’s Monday “The Week On-Chain” report, Bitcoin outflows have accelerated to a rate exceeding 100,000 BTC per…
“# China’s attempt to kill Bitcoin failed — Here are 3 reasons why ” Bitcoin (BTC) might have suffered its largest coordinated attack over the last couple of months, but in this instance, the investor community did not capitulate. China outright banning mining in most regions after giving BTC miners a two-week notice and this caused the…