Cryptocurrency adoption comes in different forms these days, but it seems that countries and cities are becoming more open to the idea of allowing certain payments to be made using such assets. Brazil’s second-largest city said it wants to become the first within the nation’s borders to accept BTC payments for taxes. The report from...Read More
Bored Ape Yacht Club NFT collection made headlines recently with several bombshell revelations – from the purchase of the iconic CryptoPunks to the release of the ApeCoin. The launch of the APE token was as volatile as one might expect as the cryptocurrency dropped to a low of around $6 and is currently trading around...Read More
After weeks of debates and delays, the EU has voted against banning the use and mining of proof of work digital assets, such as bitcoin and ether. CryptoPotato reported earlier the Markets in Crypto Assets (MiCA) framework developed by the European Union, which had one rather threatening note that sought the de facto ban of...Read More
The Lower House of Russia’s Parliament – State Duma – has reportedly called upon establishing a regulatory framework on cryptocurrencies rather than imposing a blanket ban on them. The authorities joined the likes of the Finance Ministry, which urged for the same thing. The Never-Ending Saga Earlier this year, the Bank of Russia – the...Read More
Polygon’s Network was down from 5:50 PM UTC on March 10th until about 4 AM UTC on March March 11th. All users’ funds are safe, and the team explained the particular issues for which the network was not operational during these 11 hours. The Cause for the Polygon Issue Yesterday, Polygon developers notified users of...Read More
The long-awaited executive order on cryptocurrencies from the White House is finally out. It details how the industry can reinforce the US, as well as its citizens, the need for risk mitigation, as well as outlining a few critical points for regulators to work on. President Biden’s Executive Order on Cryptocurrencies This has long been...Read More
Bitcoin’s price soared in today’s Europe early morning trading session. The cryptocurrency jumped past $41K on a leaked press release containing information on President Biden’s expected administrative order on crypto. BNN Bloomberg reported earlier today that there’s been a press release leaked on The Treasury Department’s website. The statement has since been removed, and a spokesperson...Read More
After a brief delay caused by the war between Russia and Ukraine, US President Joe Biden is expected to sign the executive order about cryptocurrency regulations this week. In it, sources said Biden would cooperate with other allies to ensure they were all on the same page. The Delay of the Executive Order CryptoPotato reported...Read More
Visa, Mastercard, and PayPal joined the massive number of companies leaving Russia following Putin’s “special military operation” against Ukraine. As such, the question remains if Russians will turn to cryptocurrencies. Visa, Mastercard, and PayPal Leave Russia Ever since the war started between the two former Soviet states, the Western world has taken a different approach...Read More
Recently leaked documents showed that the giant private bank Credit Suisse had held hundreds of billions of dollars of clients alleged or involved in drug trafficking, corruption, torture, money laundering, and other serious crimes. This comes years after the bank bashed the cryptocurrency industry, claiming that bitcoin presents money laundering challenges. The Leaked Documents A...Read More
A few months after introducing the first draft aiming to prohibit Fed officials from owning certain assets, the policymaking Federal Open Market Committee has updated the document to include cryptocurrencies. Reports emerged last year claiming that numerous Federal Reserve top employees traded stocks, bonds, and real estate securities in 2020, shortly before the central bank...Read More
The world of cryptocurrencies, especially in its earlier years, had a reputation of being the playing ground of hackers and various malicious entities. And while this has changed to a huge degree in the past few years and the field received massive recognition and regulatory clarity, the ghosts of its past remain. One of the...Read More
Barely two days after the U.S. Department of Justice (DOJ) seized about $3.6 billion worth of BTC related to the 2016 Bitfinex hack, dozens of individuals have started laying claims on the bitcoin fortune. According to a Bloomberg report, the DOJ has seen a massive surge in the number of people who wish to regain...Read More
According to JPMorgan Chase strategists led by Nikolaos Panigirtzoglou, Bitcoin’s “fair value” should be 12% lower than its actual price. In their opinion, the cryptocurrency is currently overpriced and its fair value should be around $38,000. The figure is based on the premise that BTC is around four times more volatile than gold, according to...Read More
Valkyrie’s Bitcoin Miners exchange-traded fund (ETF) has been approved for listing on the U.S. stock exchange Nasdaq Stock Market under the ticker symbol “WGMI.” According to a U.S. Securities and Exchange Commission (SEC) filing on Monday (February 7, 2022), Nasdaq gave approval for the Bitcoin Miners ETF from crypto asset manager Valkyrie to be listed...Read More
Throughout its relatively brief history, Facebook’s digital asset project Diem (known initially as Libra) managed to capture the attention of the cryptocurrency community and, perhaps more importantly, global regulators. Over the years, it changed its concept, mission, and core idea several times, while watchdogs claimed it works against financial sovereignty and monetary stability. Additionally, there...Read More
El Salvador’s president – Nayib Bukele – was recently worried that his country missed out on buying cheaper bitcoin. However, the latest dipped allowed the nation to accumulate 410 more BTC. The small Central American country made history last year when it became the first nation to adopt the primary cryptocurrency as legal tender inside...Read More
Tech mogul Google is reportedly considering to further its involvement in the field of cryptocurrencies. Google, one of the world’s biggest companies and the leading search engine, is considering to allow users to store cryptocurrencies in digital cards. According to the Bloomberg report, the company has also hired Arnold Goldberg to spearhead its payments division. Goldberg was...Read More
Polygon – one of the most popular layer-2 scaling solutions of Ethereum – saw its mainnet implement one of the biggest upgrades recently. Namely, this is the Ethereum Improvement Proposal 1559 that will begin burning MATIC tokens as part of every transaction. Polygon Integrates EIP-1559 CryptoPotato reported last week that EIP-1559 was scheduled to go live...Read More
Dorsey continues to work on new bitcoin-related endeavors by launching a new fund to provide legal defense for BTC developers. Called “Bitcoin Legal Defense Fund,” its first activity will be to assist in the ongoing Tulip Trading lawsuit. In an email sent to BTC developers, Dorsey described the new fund as a “nonprofit entity that...Read More
Hong Kong’s Bitcoin Association was one of the first to celebrate Genesis Day as Asian markets awoke to begin the first trading week of 2022. The Association also added that it would be a good time to make sure that your Bitcoin is in a wallet that you control, referring to both public and private...Read More
The metaverse narrative continues to boil, and the latest mention comes from a point of high authority. China’s biggest city appears to be getting serious about it. According to a CNBC report, Shanghai is eager to tap into the potential of what many believe to be the next-gen internet. Local authorities have issued development plans...Read More
MicroStrategy – the company, spearheaded by one of the most popular and prominent Bitcoin permabulls, Michael Saylor – announced today that it had bought another $94 million worth of BTC. MicroStrategy has definitely made a name for itself in the past couple of years when it comes to acquiring BTC. Today, Saylor announced that the...Read More
Polkadot has announced the launch of the first parachains, a set of individual blockchains that will run in parallel within its ecosystem, the project noted in a press release shared with CryptoPotato on Saturday. Polkadot’s First Batch of Parachains According to the official announcement, slots for the first parachains are allocated to different blockchain projects...Read More
El Salvador’s pro-bitcoin president updated earlier today that the country has reacted to the recent price crash by purchasing 150 more coins at an average price of just over $48,500. It’s safe to say that El Salvador is the most bullish country on bitcoin as it legalized the primary cryptocurrency earlier this year. Since then,...Read More
The past seven were somewhat successful for Bitcoin, and the total market capitalization managed to increase by some $150 million. Some altcoins are really taking off, while others are seemingly in a stalemate situation. But let’s start with Bitcoin. The market leader failed to produce any meaningful gains but is up slightly above 2% in...Read More
It’s been a very volatile week in the cryptocurrency market. Despite the turbulence, some altcoins managed to hold their ground and even appreciated in value, but the same can’t be said for Bitcoin. The primary cryptocurrency is down about 4% on a weekly basis, but this comes after a week of serious volatility. On Monday,...Read More
In a matter of two weeks, one of the largest BTC whales has accumulated more than 6,600 coins as the price of the asset has declined by more than 10% in the same timeframe. CryptoPotato frequently reports the sales and purchases of this particular whale, which tends to sell when the asset’s price has appreciated...Read More
Just months after adopting BTC as legal tender, the small Central American country plans to create a Bitcoin City with the help of Blockstream and Bitfinex. Separately, the country said it will buy $500 million more of BTC. Bitcoin City in El Salvador The country made the news earlier this year by indicating that it...Read More
This week brings both good and bad news, depending on where you look it from. For Metaverse aficionados, the week was quite great, but for the rest of the market – it was downright bleak. So, let’s start with the broader market. Bitcoin is down over 10% in the past seven days, and there’s no...Read More
