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“# Price analysis 8/23: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH ” Bitcoin (BTC) rallied above the psychological hurdle at $50,000 today for the first time since May 15. The sharp rally of the past few days has turned the sentiment bullish with many expecting the resumption of the bull run. Morgan…
“# CFTC commissioner says agency has broad enforcement authority on crypto derivatives ” Dawn Stump, one of four commissioners currently serving at the Commodity Futures Trading Commission, or CFTC, has released a statement clarifying the agency’s authority with respect to digital assets. In a Monday statement, Stump said the CFTC is empowered with both regulatory…
“# WAX, Gnosis and IOST pack on gains after Bitcoin price hits $50K ” The bull market narrative has returned now that Bitcoin (BTC) price managed to briefly climb above $50,500 on August 23. A handful of altcoins have also seen their prices charge higher as the momentum in the market continues to build. For…
“# El Salvador president announces infrastructure already being built ahead of country’s Bitcoin adoption ” Nayib Bukele, the president of El Salvador and the principal figure behind the country’s adoption of Bitcoin (BTC), said residents will have the opportunity to convert their crypto to fiat immediately after Bitcoin is recognized as legal tender. In a Sunday…
“# Upbit reportedly first crypto exchange to file with Korean regulators ” Major South Korean cryptocurrency company Upbit has reportedly submitted a business report with the Korean Financial Intelligence Unit (FIU). Upbit reported its digital asset business to the FIU, which operates under South Korea’s top financial regulator, the Financial Services Commission (FSC). Upbit’s operator,…
“# Iran to lift Bitcoin mining ban in September ” Iran will once again allow Bitcoin and crypto miners to operate in the country from the last week of September. According to a report by Iran’s Financial Tribune, Tavanir, the country’s power generation organization, made the decision known earlier in August. As previously reported by Cointelegraph,…
“# Xiaomi India needs regulatory clarity to embrace crypto, says exec ” Xiaomi India — the subcontinent’s branch of the major mobile phone manufacturer — is interested in the cryptocurrency industry, but needs regulatory clarity from the government. The firm’s managing director, Manu Jain, said in an interview with The Economic Times, “We will want to wait…
“# Crypto ‘not protected by law,’ rules provincial high court in China ” Yet another blow has been dealt to China’s cryptocurrency community, with news of a new high court ruling in Northern Shandong province that has drawn out the consequences of crypto’s lack of legal status in the country. As the South China Morning…
“# Google bans 8 ‘deceptive’ crypto apps from Play Store ” Google has delisted eight allegedly fraudulent mobile apps from its Play Store that were duping crypto enthusiasts by charging fees for an illegitimate cloud mining service. Fraudulent mobile applications have now become a popular method to mislead unwary users with high success rates. Trend…
“# 81% of finance execs say blockchain has gone mainstream: Survey ” Blockchain, the underlying technology of cryptocurrencies like Bitcoin (BTC), has already gained mainstream popularity, according to global finance executives polled by Big Four auditing firm Deloitte. According to Deloitte’s 2021 Global Blockchain Survey, 81% of the financial services industry (FSI) executives believe that…