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Cryptocurrency News

Location American Cryptocurrency News for 28 July 2021
IMF Warns Against Adopting Crypto Assets Like Bitcoin as Legal Tender The International Monetary Fund (IMF) has warned against adopting cryptocurrencies, like bitcoin, as legal tender. Noting numerous risks and costs involved, the IMF does not see crypto assets catching on as a national cu...
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Kenyan Farmers Pivot to Cryptocurrency as Popularity of Community Currencies Grows The growth and popularity of community inclusion cryptocurrencies in Kenya continues to soar with the country’s rural farmers being the latest group to embrace the financial technology. As one report reveals, some farm...
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S Korean MP Bids to Prevent 'Crypto Crisis' While Kimchi Premium Evaporates A South Korean lawmaker wants to throw struggling crypto exchanges a lifeline by forcing an extension to a fast-approaching regulatory deadline - while the so-called kimchi premium is shriveling away to oblivion. Per EDa...
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VORTECS™ Spotlight: Here's why Telcoin's (TEL) rebound eclipsed most altcoins As Bitcoin price reversed course, a key trading indicator flashed bullish hours before TEL embarked on a sharp 82% rally.
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Paypal Plans to Study Transactions That Fund Extremism, Anti-Government Groups The payment processing giant Paypal has revealed it has partnered with the nonprofit organization the Anti-Defamation League (ADL). According to the announcement, Paypal is researching transactions settled on the payment...
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Signs of a Crypto Regulatory Climbdown from South Korea's Ruling Party South Korean ruling party's crypto task force has met with a number of major domestic crypto exchanges - an indication that it could advise the government to revise or even soften its hardline policy on regulation. As re...
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Blockfolio rides off into the sunset, but it's a new dawn for FTX App FTX indicated that although the Blockfolio brand is being retired, this would not affect the services offered to users.
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Small-cap altcoins push higher as Bitcoin bulls fight to hold $40,000 LINA, WRX and STORJ led altcoins higher even as Bitcoin bulls encounter resistance at the $40,000 level.
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South Korea Proposes Law Allowing Direct Seizure and Sale of Crypto Assets to Pay Overdue Taxes The South Korean government has proposed an amendment to the tax code to allow the country’s tax authority to seize and sell cryptocurrencies belonging to delinquent taxpayers. “The revision will allow direct seizing...
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Ethereum pares gains, Bitcoin pushed under $40K as Fed set to reveal tapering plans The two cryptocurrencies appear directionless after correcting in sync lower from their monthly highs.
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New Multimillion Crypto Investment Rounds, Binance Withdrawals + More News Get your daily, bite-sized digest of cryptoasset and blockchain-related news - investigating the stories flying under the radar of today's crypto news. ______ Investments news Major Bitcoin miner Genesis Digital Assets h...
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Bitcoin fails to flip $40K with traders eyeing $36K or lower for support A welcome retracement should involve a bounce at a minimum of $32,500, forecasts assume after heavy resistance hits BTC/USD.
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US Senator Says Cryptocurrencies Put Americans' Hard-Earned Money at Risk U.S. Senator Sherrod Brown says cryptocurrencies are not real dollars and they “put Americans’ hard-earned money at risk.” Referring to decentralized finance (defi) as “a shady, diffuse network of online funny mo...
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Relief Fund Has a Difficult Time Cashing Out the $1B Worth of SHIB Vitalik Buterin Donated In mid-May, the co-founder of Ethereum, Vitalik Buterin, donated $1 billion worth of shiba inu (SHIB) tokens to India’s Crypto Covid Relief Fund (CCRF). Close to three months later, the CCRF organizers say they have be...
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People 'Should Have Exposure' to Bitcoin - Manager of Billions Horizon Kinetics, a major independently owned and operated investment adviser, is betting on cryptocurrencies such as bitcoin (BTC) as a protection against rising inflation for their investors. Morningstar describes Hori...
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Dvision Network Bringing a New NFT Experience on Enjin Blockchain Network Dvision Network has emerged as one of the fastest-growing NFT and blockchain gaming protocols in recent months. The blockchain protocol has made significant progress since its inception and continues to create new milest...
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Bitcoin Accelerates Above USD 40K, XRP Rallies

Crypto News - 28 Jul 2021 14:34
Bitcoin Accelerates Above USD 40K, XRP Rallies Bitcoin price started a strong increase this week above the USD 32,000 and USD 35,000 resistance levels. BTC is showing positive signs, but it must settle above USD 40,000. If there is a daily and a weekly close above th...
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Digital Euro to Handle 'Almost Unlimited' Payments, Estonian Central Bank Says After Test A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several ...
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Total Value Locked in DeFi is a 'Deceptively Complicated Metric' One of the most often used metrics in the decentralized finance (DeFi) industry, total value locked (TVL), is "a deceptively complicated metric hiding under a benign name," according to crypto intelligence firm Coin Metr...
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Ethereum Fees Get High with Stoner Cats, Then Swiftly Drop Lord Catsington, an NFT. Ethereum (ETH) fees are down again following a major surge fuelled by - cats. Stoner Cats to be more precise, non-fungible tokens (NFTs) launched ahead of the same-named series by actress Mila Ku...
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Bitcoin price is returning to $40K -- But will shorts have their revenge? An analyst promises an "interesting few days" as volatility firmly reenters the Bitcoin market and sentiment transforms.
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Buterin's $1B SHIB donation tricky to cash out, says fund manager Realizing Vitalik Buterin's $1-billion donation in Shiba Inu coins to the COVID-Crypto Relief Fund in India has turned out to be a labyrinthine process for the fund's creator.
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