The $1 trillion bipartisan infrastructure bill will be put to the vote on Sept. 30, and the House Speaker is confident it will pass. In a letter released by her office on Sunday, Pelosi said that there will be 4 days of debate before the legislation, which will help fund road, bridge, airport, school, and...Read More
The Chinese government is not holding back on its mission to stop all crypto activity in the country, and has continued to widen its crackdown against bitcoin and cryptocurrencies. Huobi Blocks New Chinese Users The intensified attacks have now forced Huobi, one of the major exchanges in the country, to suspend new user registration coming...Read More
InputOutput (IOKH), the technology company behind the Cardano open-source blockchain project, announced in the ongoing Cardano Summit 2021 that it has partnered with decentralized blockchain oracle network Chainlink. Tremendous Respect for Cardano As per the announcement, the partnership will see Cardano integrate Chainlink’s oracles to support developers as they prepare to start building smart contracts...Read More
The Canadian Securities Administrators (CSA) and the Investment Industry Regulatory Organization of Canada (IIROC) have recently issued a staff notice addressing improper marketing practices from Crypto Trading Platforms (CTPs) in the country and offered clarity on what rules to keep in mind. Cleaning Up CTP Advertising The regulators’ notice was released earlier this week on...Read More
The recent FUD created by china resulted in a crypto bloodbath. The market lost more than $250 billion. Bitcoin and Ethereum, two major crypto were down nearly 15%. Despite the summit hype, Cardano price plunged 4% trading at $2.26. The third largest cryptocurrency coin is up about 2% over the week. Currently ADA Price is...Read More
In just three weeks, roughly one-third of El Salvador’s population has started to employ the Bitcoin wallet Chivo actively. As such, the country’s president updated that more people will soon be using the app than they have bank accounts in all local banking organizations combined. The smallest and most densely populated Central American country made...Read More
Crypto space is one of the fastest-growing technology with a rapid adoption rate over time. Now, the world has over 300 million potential crypto user base station. So, whenever things go beyond the control of China, the country has the habit of destroying them. The same thing here, China realised the fact that cryptocurrencies like...Read More
During a period of major corporate and institutional interest in the crypto industry, nearly 5,000 new tokens have emerged in the last 12 months, averaging over 10 new coins per day, new data shows. Cryptocurrency Boom of 2021 As can be observed on CoinMarketCap’s homepage, the number of existing cryptocurrencies has recently surpassed 12,000. This...Read More
Robert Kiyosaki – founder of Rich Global LLC and Rich Dad Company – recently told his followers to invest in Ethereum before “the biggest crash in history.” Thus, the author of the best-selling book Rich Dad Poor Dad added ETH to BTC, gold, and silver as his most-preferrable investment instruments. Kiyosaki’s Plea: Invest in Crypto...Read More
The strategic partnership aims to introduce Cardano’s blockchain technology to DISH’s telecom services, likely to boost Cardano’s adoption and benefiting DISH’s users with 8 million digital identities (D.I.D) on phones satellite. DISH and Cardano Speaking at the Cardano Summit 2021, Hoskinson said that while the main idea was to create a network where users can...Read More
Ark Investment Management has doubled down on its support for the social media platform led by Jack Dorsey. Interestingly, the latest substantial shares purchase came just a day after Twitter announced it would enable BTC tips. As reported by Benzinga, Cathie Wood’s investment manager has purchased nearly 124,000 shares of Twitter on Friday. With the...Read More
According to a survey, approximately every third swing state resident would like to see local authorities legalizing cryptocurrencies as a payment option. While general support towards private digital currencies is on a high level, the locals still need to learn more, the research revealed. Texas and Wisconsin Rank First The London-based polling firm Redfield &...Read More
The Swiss Financial Market Supervisory Authority – FINMA – would reportedly require local digital asset providers to take additional steps in preventing criminals from employing cryptocurrencies. The watchdog would also turn its sight towards bitcoin ATMs as it believes that drug dealers often use these machines. FINMA Targets Criminals Operating with Crypto According to a...Read More
Ripple may not be the most beloved company in the crypto-verse, but its perseverance and desire to grow despite setbacks is something to be recognized. RippleX, Ripple’s branch focused on boosting the development of technologies around the XRP Ledger, has recently announced its first wave of XRPL grants and it is embracing the NFT mania. ...Read More
Following today’s events, Senator Pat Toomey says that the ongoing cryptocurrency crackdown in China is a considerable opportunity for the United States. Earlier today, reports revealed further regulatory pressure on cryptocurrencies in China. This time, the country seems to target mining and trading. Although not many of it was new, the announcement triggered a market-wide...Read More
Bitcoin price failed to surpass the $45k resistance level, while news from China banning crypto trading accelerated BTC Price to plunge. Major altcoins like Ethereum and XRP Price have dropped 8% to around $2,800 per coin and 7% to 91 cents per coin, respectively. XRP Price Analysis After consolidating for the most part of Thursday, the Ripple...Read More
There are no boring days in crypto, and this week, like a lot of others, has managed to definitively prove it. The past seven days have been an absolute rollercoaster in the cryptocurrency market, so let’s start with Bitcoin. BTC’s price was sitting comfortably at around $47,500 last Friday and started improving slowly throughout the...Read More
COTI, an enterprise-grade fintech platform that empowers organizations to build their payment solutions, recently announced that it will be partnering with Cardano’s stablecoin hub, Ardana. The collaboration will introduce stablecoin crypto-to-fiat payments aimed at the Cardano community, in addition to consumers and merchants worldwide. Speaking in a statement, COTI’s CEO, Shahaf Bar-Geffen, said, “Today, COTI...Read More
The market suddenly turned red today following what seems to be another wave of regulatory efforts to crack down on cryptocurrencies in China. This left over $400 million liquidated in less than a day. As CryptoPotato reported, China continues with its efforts to further crack down on the entire cryptocurrency market. The country’s national bank issued a...Read More
The People’s Bank of China (PBoC) published a document reminding that digital assets are banned within the country and added that operating with exchanges will also be prohibited. As a result, BTC dumped by $3,000 in an hour. China’s negative stance on the cryptocurrency space has been wildly known for years, and the nation tends...Read More
Portfolio manager at Los Angeles-based TCW Group, Bryan Whalen, has stated that crypto investors are asking big institutions for loans against their digital assets. The comments came at a Morningstar Investment Conference this week, according to Bloomberg. Whalen went on to indicate that: “The market is starting to knock on the doors of big institutions,...Read More
VanEck continues with its cryptocurrency-related exchange-traded notes in Europe by launching such products tracking the performance of Solana, Tron, and Polkadot on the Xetra Deutsche Borse. Tron’s ETN has gone a step further as it will also go live on Euronext in Paris and Amsterdam, updated the project’s founder. VanEck, the global investment manager, outlined...Read More
American online streaming giant Netflix is preparing to release a documentary, which focuses on the death of Gerald Cotten, founder and CEO of the now-defunct Canadian cryptocurrency exchange, QuadrigaCX. Netflix made the announcement via Twitter on Thursday (September 23, 2021), with the documentary titled “Trust no One: The Hunt for the Crypto King.” According to...Read More
The Royal Monetary Authority (RMA) – Bhutan’s central bank – has joined forces with Ripple to launch a digital version of its national currency. The institution anticipates the initiative to boost the country’s financial inclusion by 85% in the next two years. Ripple and Bhutan Shook Hands The enterprise blockchain provider Ripple announced it would...Read More
Even though the price of Dogecoin continues to fall, Tesla CEO Elon Musk has revealed what will help the cryptocurrency. Elon Musk remarked on Wednesday that for Dogecoin to become more commonly utilised in retail sales, its costs would have to decrease. “It’s critical for Doge costs to drop to enable things like buying movie...Read More
Dubai World Trade Center Authority (DWTCA) announced recently that it has partnered with the UAE’s Securities and Commodities Authority (SCA) to make cryptocurrency trading, issuance, and regulation completely legal within its jurisdiction – the DWTCA freezone. DWTCA Makes Crypto Activities Legal Notably, the agreement was signed by the acting CEO of the SCA Dr. Maryam...Read More
Fake cryptocurrency giveaway scams continue to pop up frequently, and the latest victim is the oldest bitcoin educational resource – BitcoinOrg. As of now, though, the website has been taken down, and the pseudonymous developer operating it has blamed it on Cloudflare. Earlier on September 23rd, users on Twitter outlined that the BitcoinOrg website has...Read More
Riccardo Spagni, the former Monero lead maintainer who was recently arrested for charges unrelated to the privacy token, has reported that US officials have released him from custody. CryptoPotato reported in early August when Spagni was arrested for alleged fraud committed between 2009 and 2011. The reports indicated that his crimes had nothing to do...Read More
The popular decentralized cryptocurrency exchange aggregator, 1inch Network, will be expanding to Arbitrum. In a press release shared with CryptoPotato, the team revealed that the move is aimed at lowering transaction costs and improving throughput and withdrawal speeds. Arbitrum is an Ethereum scaling solution built using Optimistic Rollups, and it allows developers to cross-compile contracts for running...Read More
JPMorgan Chase and Deutsche Bank are among the financial institutions that are opposing the new rules that would require them to set aside a dollar in capital for every dollar of Bitcoin they own. The rules were proposed in June by a group of global central bankers and regulators known as the Basel Committee for...Read More
