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“# Former CFTC chair explains why regulators should approve a Bitcoin ETF ” Timothy Massad, who served as Chair of the United States Commodity Futures Trading Commission between 2014 and 2017, has laid out the reasons why he thinks regulators should approve a Bitcoin exchange-traded fund. In an opinion piece published on Bloomberg Wednesday, Massad…
“# Argentine lawmaker introduces bill for workers to be paid in crypto ” A member of the lower house of the Argentine National Congress has introduced legislation that would allow certain workers in the country to receive some or all of their salary in crypto. In a Tuesday tweet, Argentine Chamber of Deputies member José…
“# Visa reports over $1 billion in crypto spending in H1 2021 ” Global payments giant Visa will continue to support the development and adoption of the cryptocurrency industry as part of its business, the company said in its latest crypto update. In an official statement on Wednesday, Visa announced that its crypto-enabled cards processed…
“# UFC inks $175-million sponsorship deal with Crypto.com ” Ultimate Fighting Championship, a major global mixed martial arts organization, continues its deep dive into the cryptocurrency industry by announcing a sponsorship deal with a cryptocurrency exchange. UFC announced Wednesday that it agreed to a fight-kit partnership with Crypto.com, one of the world’s largest crypto trading…
“# Russian lawmakers prepare legal amendment to confiscate crypto ” Russian lawmakers are working on new legislation that would allow the government to confiscate cryptocurrencies, according to a senior official. Russian Prosecutor General Igor Krasnov claimed that the government is now developing a set of amendments to the country’s criminal code to allow authorities to…
“# ‘Compliance is a journey,’ says Binance CEO amid regulatory scrutiny ” Amid intensifying concerns over Binance’s global regulatory issues, the company’s CEO and founder Changpeng Zhao has underscored the exchange’s commitment to cooperating with regulators. In an open letter on Tuesday, Zhao emphasized that the cryptocurrency industry has massively evolved over the past four…
“# Alpha Finance Lab (ALPHA) rallies 50% as project fundamentals improve ” Bitcoin (BTC) price continues to trade in a predictable range which has given traders confidence in trading altcoins and DeFi tokens. This translated to a 110% rally in the price of Alpha Finance Lab (ALPHA) over the past four days. Data from Cointelegraph…
“# Price analysis 7/6: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC ” The weekend rally in cryptocurrencies was led by Bitcoin (BTC) but this move was not supported by huge trading volumes. According to on-chain analysts at CryptoQuant, the low trading volume suggests that “whales are staying low without much action.” However,…
“# ADA, DOGE overtake BTC as the most popular cryptos for US eToro users ” American users of the popular eToro trading platform are taking up altcoins with growing conviction, with the likes of Cardano (ADA) and Dogecoin (DOGE) becoming more popular buy-and-hold assets than Bitcoin (BTC). New research shared with Cointelegraph showed that ADA…
“# Backwardation in Bitcoin futures contracts shows pro investors lack confidence ” Bitcoin (BTC) might have tested the $40,000 support in mid-July, but according to various derivatives metrics, there has not been a significant change in investor optimism. This situation either means that price is not what they are looking to mark the end of…