Latest Blockchain and Crypto News
President of El Salvador spoke about the results of BTC legalization
In early September, a law came into force in El Salvador recognizing bitcoin as a legal tender. The adoption of this landmark document was initiated by the country's President Nayib Bukele. He periodically tweets about the process of adopting cryptocurrency by the citizens of El Salvador. At the...
CB of Japan integrates its token into the payment infrastructure
During the last week, Shinichi Uchida, Japan's central bank spokesman, said that the regulator plans to integrate the digital yen into the existing payment infrastructure. That is, the Japanese authorities do not want to reform the financial sector and adjust it to the token. Uchida stressed that...
The Number of BTC Whales Holding 100-1000 Coins Has Surged
Data from Glassnode show that the number of Bitcoin biggest whales has declined, hitting its all-time low. On October 17, the number of BTC addresses holding 10.000 coins or less fell to 82, which is its lowest level since December 2012. However, it's worth mentioning that back then the price of...
Bitcoin starts a new week above $60,000
The value of Bitcoin (BTC) has surged over the past few days to its highest level since mid-April 2021. Last weekend, the cryptocurrency managed to gain a foothold at the $ 60,000 level, and now it is trying to break even higher. The cryptocurrency capitalization now exceeds $ 1.143 trillion....
Grayscale Considers Converting Its BTC Trust Into an ETF
Digital currency investing company Grayscale intends to turn its BTC Trust into a spot ETF (exchange-traded fund). Barry Silbert, the CEO of Digital Currency Group (DCG), Grayscale’s parent company, allowed the possibility. As an answer to the question by The Investor's Podcast co-founder, crypto...
Jack Dorsey Revealed Plans for Creating a BTC Mining System
CEO of American digital payments provider Square, Jack Dorsey said that the firm is thinking over the development of a Bitcoin mining system to provide more opportunities for individuals and enterprises to participate in the network. By doing so, Square will get closer to its hardware wallet model,...
ProShares Bitcoin Futures ETF Will Start Trading on Oct. 18
The U.S. Securities Exchange and Trading Commission (SEC) verified the first Bitcoin ETF. During the last 4 years, the agency denied a number of such applications. According to the filing, published by the SEC, American provider of exchange-traded products (ETPs), ProShares will issue the BTC...
Sen Lummis Is Grateful for BTC While the Coin’s up to $60 K
The price of Bitcoin surpassed $60.000 for the first time since May. In the last 24 hours, the coin's price went up by around 5%. Several factors boosted the BTC price. One of them is the possibility of the first Bitcoin ETF launch in the US next week. Another factor is that viewing crypto as an...
NuCypher (NU) Saw Extensive Growth of 1000%
The native token of the decentralized data sharing platform NuCypher, NU saw a significant price increase of around 1000% in the last day, reaching its all-time high of $3.58. The surge happens exactly one year after the platform was launched. Nucypher is based on the Ethereum blockchain. It...
Coinbase Suggests Creating a New Crypto Regulator
Leading crypto trading company Coinbase released Digital Asset Policy Proposal on October 14, suggesting set clear regulations for crypto and Web 3.0 in the USA. The exchange issued an explainer on GitHub describing its vision. Coinbase finds the right way to regulate the industry is through a...
US SEC May Approve the First BTC Futures ETF Next Week
The US Securities and Exchange Commission won't block Bitcoin Futures ETFs from beginning to trade in the following week. As sources familiar with the subject told Bloomberg, the agency is likely to give a green light to the first BTC ETF product. BTC futures enable getting access to the coin...
Digital Pound Foundation and Ripple Partner to Build a CBDC
Digital Pound Foundation, a separate forum engaged in the development of the U.K's central bank digital currency (CBDC) announced its launch today (October 14). The DPF is formed by tech, innovation, and regulation specialists. Its Chair is Jeremy Wilson, former Vice President of London-based...
Putin Says Crypto Has Value, but Its Usage Is Limited
Today, during the Russian Energy Week conference, Russia’s president Vladimir Putin said that cryptocurrencies can be used as a unit of account. At the same time, he mentioned that it's still soon to tell if crypto can be used in energy transactions or not. Asked if BTC or other cryptocurrencies...
Elon Musk Supports Dogecoin Upgrade
Tesla CEO Elon Musk reacted to a tweet of Dogecoin creator Billy Marcus (Shibetoshi Nakamoto), who said that the network needs updates regarding Nodes. According to him, this change will reduce transaction fees. I wanted to write something slightly more nuanced about Dogecoin Nodes, so bear with...
Polkadot and Kusama Rise Before the Release of Parachains
Blockchain platform Polkadot stated that parachains are ready to go live. Parachains are blocks that connect with Polkadot's central chain called Relay Chain. They are meant to expand the blockchain's environment, building scalable multi-chain architecture Currently, Polkassemmbly holds voting over...
Mike Novogratz Calls Jamie Dimon's BTC Views Sophomoric
Investment banker, CEO of financial services company Galaxy Digital Michael Novogratz expressed his opinion about JPMorgan CEO Jamie Dimon's Bitcoin views. Dimon said recently he finds Bitcoin worthless but it's his personal opinion and has nothing to do with the fact that the bank's clients think...
USA Becomes the Biggest Bitcoin Mining Hub
After China's ban on crypto mining, released in May, the USA became the leader of BTC mining. A study by the Cambridge Centre for Alternative Finance shows that the BTC mining hashrate of China dropped from 44% to 0% between May and July. In 2019, three-quarters of the world’s hashrate came from...
Binance to Disallow Chinese Yuan Trading
Today, leading cryptocurrency exchange by trading volume Binance released a Notice, announcing the delisting of the Chinese Yuan from its consumer-to-consumer (C2C) trading zone. CNY will be removed at 24:00 (ET) on December 31, 2021. In addition, the firm will carry out a checklist of users. In...
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