Japan Expresses Concern Over Promoting Cryptocurrency Trading

Japan Expresses Concern Over Promoting Cryptocurrency Trading

Top Japanese financial bureaucrat Ryozo Himino thinks that promoting cryptocurrency trading will not necessarily accelerate technological innovation. Rather it will spark increased speculative trading, the regulator said. Himono has, therefore, cautioned against the same. Deregulating Bitcoin & Cryptocurrencies Will Fuel’ Speculative Trading’ As per a Reuters article, the Japanese Financial Services Agency boss has shared […]

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Chinese Commercial Banks Test A CBDC-Linked Digital Wallet

Chinese Commercial Banks Test A CBDC-Linked Digital Wallet

The Chinese central bank digital currency (CBDC) could be approaching its long-anticipated launch as new reports indicated that multiple local commercial banks have begun conducting trials of a digital wallet application linked to the CBDC. Chinese Banks Test Digital Wallet App For CBDC In the latest turn of events regarding China’s future digital currency, a […]

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Bitcoin P2P Trading Soars in India as New Exchange Launches

Bitcoin P2P Trading Soars in India as New Exchange Launches

Bitcoin P2P trading volume in India has been growing rapidly, hitting record highs over the past weeks. Meanwhile, a new P2P trading platform has launched in India as the crypto industry awaits the government’s decision on a cryptocurrency law.P2P Trading Volume Soars in IndiaPeer-to-peer (P2P) bitcoin trading in India has been hitting all-time highs over […]

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Bitcoin Price Analysis: BTC Fails to Retest $12K, is the Bull Run Over?

Bitcoin Price Analysis: BTC Fails to Retest $12K, is the Bull Run Over?

Bitcoin bulls look pretty tired right now. The leading cryptocurrency has printed the first lower high since July 21 and is currently stalling around the 0.786 Fibonacci level (white lines) at $11,743. We’ve also seen $4 billion exit the market in the last ten hours, which seems to suggest that some traders are cashing out […]

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Ethereum Classic Suffers Another 51% Attack, Buterin Suggests Switch to PoS

Ethereum Classic Suffers Another 51% Attack, Buterin Suggests Switch to PoS

Ethereum Classic has been in the wars again with a second 51% attack within a week. This incursion has brought the security of the network under the spotlight again, though ETC prices remain largely unmoved at the time of writing. Earlier today, August 6, Etherchain.org tweeted that its Ethermine affiliated mining pool had disabled ETC […]

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Bitcoin Price Stopped At $11,800, Altcoins Got a Hit (Market Watch)

Bitcoin Price Stopped At $11,800, Altcoins Got a Hit (Market Watch)

Bitcoin has recovered some of its dominance over the market in the past 24 hours after breaking above $11,600. At the same time, large-cap altcoins have calmed and even taken a hit, but fluctuations are evident among lower-cap alts. Bitcoin Moves Ahead As CryptoPotato reported a few days ago, Bitcoin’s price chart was forming a […]

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SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts

SEC Looking to Buy a Blockchain Forensics Tool That Analyzes Smart Contracts

The U.S. Securities and Exchange Commission (SEC) is looking for a blockchain forensics tool to help it analyze smart contracts.In a call for bids to software companies on July 30, the regulator said that the tool must be able to “analyze and detail code within blockchains and other distributed ledgers.”It is also looking to identify […]

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Grayscale Crypto Fund Grows 15% in a Week Hitting $5.5 Billion AUM

Grayscale Crypto Fund Grows 15% in a Week Hitting $5.5 Billion AUM

Grayscale Investments has been loading up on digital assets for a while now, more so when prices have been depressed. Its Bitcoin Trust enables investors to gain exposure to the price movement of BTC through a traditional investment vehicle. This is a bonus for institutional investors seeking to expand their portfolios but not wanting to […]

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US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space

US Congressmen Want IRS to Balance Taxation and Innovation in the Cryptocurrency Space

A bipartisan quartet of US congressmen wants the IRS taxation policy not to dissuade taxpayers from participating in blockchain token staking.These politicians believe America’s ingenuity can help drive this promising staking technology.The four congressmen are Bill Foster (D) of Illinois, Darren Soto (D) of Florida, Tom Emmer (R) of Minnesota, and David Schweikert (R) of […]

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Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

Peer-to-Peer Bitcoin Trading Tops $95 Million as Sub-Saharan Africa Records Set All Time High

Weekly peer-to-peer bitcoin trading volumes topped $95 million globally with several countries recording new all-time highs for the year.The record trading volumes coincided with the most bullish week for cryptocurrencies with bitcoin (BTC) briefly trading above $12,000.As data from Usefultulips shows, peer to peer bitcoin trading volumes for the week topped an equivalent of $95 […]

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