Crypto news

Financial Services Commission (FSC) Chairman nominee Koh Seung-beom opined that digital assets would not work successfully as financial instruments. He went further, stating they “could not function as a real currency.” Are Digital Assets Real Money? Koh Seung-beom – nominated by the Korean President to be the next Chairman of the FSC – expressed his skepticism regarding the successful role of cryptocurrencies in the economic system. He agreed with the International Monetary...

PayPal has been big on crypto over the past year, but now the company is pushing its digital currency agenda even further. The company has put out a statement saying that several countries – including the United Kingdom – outside the U.S. will be able to buy, sell and trade digital assets through its platform. PayPal Is Bringing Crypto Trading to the U.K. The new service will allow these countries to invest in four major cryptocurrencies: bitcoin, bitcoin cash, Ethereum...

According to a recent press release shared with CryptoPotato, the infamous whistleblower Chelsea Manning will be performing a security audit of the multipurpose, privacy-based mixnet NYM, which incentivizes its node operators through Bitcoin payments. NYM: A Privacy Alternative to Tor Chelsea Manning was imprisoned for seven years for exposing US military war crimes in Iraq and Afghanistan, the statement reminded. For her, avoiding government surveillance is a big deal, and...

Jayson Stewart – the mayor of a small, Missouri town – wants to give each of his residents about $1,000 in BTC. Jayson Stewart Has a Big Love of BTC Stewart is the mayor of Cool Valley, Missouri, which presently houses approximately 1,500 people at the time of writing. The costs of the bitcoin giveaway would amount to about $1.5 million, though the mayor thinks it is worth it given the benefits that come with investing in the world’s number one digital currency by market...

The $1 trillion bipartisan infrastructure bill in the U.S. Congress is currently on pause until Sept 27th or later. Meanwhile, House Democrats want to spend $3.5 trillion. After $6 trillion in Covid appropriations in 2020. Here’s why that’s a favorable macro environment for crypto. The fate of the relationship between the U.S. and cryptocurrency is wrapped up in the $1 trillion bipartisan infrastructure appropriations bill. The resolution of a contentious tax rule inserted as...

Bitcoin is picking up speed. After several months of traveling through the doldrums, the world’s number one digital currency by market cap appears to be moving back up the financial ladder once again. The currency is presently trading for just over $50,000 per unit, meaning it has gained approximately $5,000 over just the past few days alone. Bitcoin Is Moving Back Up Bitcoin has been going through a hard time as of late. The asset – which spiked to a new all-time high...

ETH/USD – Will the 20-day MA Hold? Key Support Levels: $3150, $3080, $3000, $2960. Key Resistance Levels: $3190, $3350, $3400. Despite ETH is up by a solid 47% over the past month and 6% weekly (according to CoinGecko), it failed in breaching the critical resistance at $3350. The latter resistance is provided by a bearish .618 Fib Retracement level, and it prevented the market from pushing higher in mid-August. After the previous failed attempt, ETH retraced into the 20-day...

[PRESS RELEASE – Zurich, Switzerland, 25th August 2021] ENTER Art Fair 2021 is Scandinavia’s most important international art event. As global attention has recently shifted to digital art, or NFTs, the organizers want to incorporate that technology into this year’s event. With the help of IT technology company Texans and the first Nordic marketplace for NFT art SpaceSeven, that vision will become a reality. For Space Seven, this is a significant ordeal. The Nordic’s first...

[PRESS RELEASE – Vancouver, Canada, 25th August 2021] In light of recent news stories, Netcoins.ca (Netcoins), has renewed its efforts to provide the most secure cryptocurrency transactions. Multiple news stories, including this Newsweek article, tell the story of the theft of over $600 Million in cryptocurrency. In response, Netcoins will be working with its partners, BitRank & QLUE, to make sure their customers are safe using the latest in blockchain analytic and...

The UK Financial Conduct Authority has settled all of its issues with the world’s largest cryptocurrency exchange – Binance. The regulator published an update on August 25th to clear the company’s name two months after imposing restrictions on some of its operations. Back in late June this year, the FCA issued a warning shot against the exchange, saying that Binance Markets Limited “is not permitted to undertake any regulated activity in the UK.” The watchdog further asserted...