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Cryptocurrency News

Location American Cryptocurrency News for 12 June 2021
Speedy Trial Success -- Bitcoin Upgrade Taproot Set to Lock-in This Weekend On Friday, June 11, 2021, data shows that Taproot could get locked-in this coming weekend, as the signal ratio is 98.3% and a touch more than 100 additional signaling blocks are needed to lock in the upcoming soft fork. ...
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Texas Announces State-Chartered Banks Can Provide Cryptocurrency Custody Services The Texas Department of Banking has announced that state-chartered banks can provide cryptocurrency custody services. “The Texas Department of Banking believes that the authority to provide these services with respect ...
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The CBN Says Nigeria Will Have a Digital Currency Before End of Year Nigeria is likely to have its own central bank digital currency (CBDC) by the end of the year, an official with the Central Bank of Nigeria (CBN) has said. In his remarks following the bankers’ committee meeting, Rakiy...
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Russia's Foreign Minister: Crypto Will Inevitably Play Role in Int'l Trade The Russian Foreign Minister Sergei Lavrov has underlined Moscow's intention to do away with the USD - and has suggested that crypto could play a part in ousting the greenback in trade deals. Lavrov's comments could give...
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Bank of Namibia Warns Crypto Traders It 'Will Not Entertain Complaints' if They Get Scammed The Bank of Namibia (BON) has warned individuals investing in cryptocurrencies that it will not entertain their complaints should they get scammed. The institution argues that since its mandate does not currently cover d...
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Stock-to-Flow Creator Says '$288K Still in Play,' Mike McGlone Sees an 'Ace up Bitcoin's Sleeve' The popular Twitter account and creator of the bitcoin stock-to-flow (S2F) price model explained that “$288K [is] still in play.” Meanwhile, data from the exchange Deribit shows there’s 425 bitcoin call options wit...
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Ethereum's $1.5B options expiry on June 25 will be a make-or-break moment Bulls and bears are equally nervous about the possible outcome of the June 25 $1.5 billion Ethereum options expiry.
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Taproot Lock-in Achieved -- Bitcoin Network Set to Activate Biggest Upgrade in Four Years The ‘Speedy Trial’ lock-in period for the Bitcoin network upgrade Taproot is now complete. Data from taproot.watch details the lock-in has been achieved and it was locked in at block height 687,285 and mined by the m...
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FBI Seizes 800 Beverly Hills Safety Deposit Boxes With $86M, Attorneys Claim Fed's Raid 'Unconstitutional' The Federal Bureau Investigation (FBI) is under fire for an alleged unconstitutional seizure of 800 safety deposit boxes in Beverly Hills. According to reports, the FBI confiscated $86 million in cash, jewelry, and thous...
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Basel Committee Proposes Differentiating Regulation of Crypto Assets Based on Risks to Banks The Basel Committee on Banking Supervision has proposed dividing crypto assets into two groups and regulating them based on their market, liquidity, credit, and operational risks to banks. Cryptocurrencies, such as bitco...
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GME and AMC stock surge may impact crypto meme coins, BTC not so much? GME and AMC push to greater highs on the back of memes as correlations with crypto begin to emerge.
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$288K BTC price 'still in play' says PlanB as Bloomberg champions Bitcoin halving Bitcoin would "surprise" the stock-to-flow creator if it fails to return to its forecast trajectory, with three years still to go until crunch time.
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Forecasting Bitcoin price using quantitative models, Part 4 An intellectual attempt to estimate Bitcoin's price, corrected according to the hash rate metric.
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Adopting the Bitcoin standard? El Salvador writes itself into history books El Salvador has become the first country to make Bitcoin legal tender, but what are the complexities and potential short-term effects?
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Thailand Bans Meme Coins, Fan Tokens, NFTs From Trading on Crypto Exchanges The Thai Securities and Exchange Commission (SEC) has enacted new rules for cryptocurrency exchanges operating in the country. Certain types of cryptocurrencies, including meme coins, fan coins, and non-fungible tokens (...
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Ethereum Miners Can Transition to These Coins and Boost Their Values By now, every Ethereum (ETH) fan knows that this blockchain is in the process of switching from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. What's less widely known, even among those in the Ether...
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Is there a right way to regulate crypto? Yes, and this is how Cryptocurrency is a promising asset class for people and investors, but the lack of proper regulation slows down its innovation.
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El Bitcoin, Supportive Lawmakers, FUDy Seizures and 20 Crypto Jokes What a week! The El Salvador President unveiled plans to give bitcoin the status of legal tender, and quickly the news shook the Cryptoverse that that will indeed officially happen in just 90 days, with lawmakers across ...
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India Probes Cryptocurrency Exchange Wazirx in Chinese Money Laundering Case India’s Directorate of Enforcement (ED) has reportedly sent a notice to Wazirx, one of the largest cryptocurrency exchanges in India, under the Foreign Exchange Management Act, 1999, (FEMA). The investigation was initi...
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Kraken Weighs in on IPO After Coinbase's Lackluster Direct Listing Performance Kraken, the US-based exchange, is weighing in on whether to use an IPO or a direct listing to go public. Kraken’s CEO Jesse Powell stated that after Coinbase’s performance, they were considering other options for goi...
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Report: Filecoin and Chia Believers in China Are Converting to Ethereum Swarm Disciples There’s a lot of buzz in China around the Bee mainnet soft launch following the recent hype surrounding Filecoin and Chia. Reports detail that Swarm is set to kickstart the mainnet on June 13, and droves of miners from...
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