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2021-11-06 21:01:09 House passes $1T infrastructure bill with crypto tax for Biden's approval
The infrastructure bill was first proposed by the Biden administration aimed at primarily improving the national transport network and internet coverage.
The United States House of Representatives passed the $1.2 trillion bipartisan infrastructure bill which, if signed into law by President Joe Biden, would enforce new provisions in relation to crypto-tax reporting for all citizens.
The infrastructure bill was first proposed by the Biden administration aimed at primarily improving the national transport network and internet coverage. However, the bill mandated stringent reporting requirements for the crypto community, requiring all digital asset transactions worth more than $10,000 to be reported to the IRS. Open / Comment

2021-11-03 22:00:08 ​ To the moon: Huobi wants to send someone to space for its 8th birthday
Huobi will celebrate another year around the sun by sending a lucky user to space.
Huobi Group, a major global blockchain company behind the world’s third-largest cryptocurrency exchange by trading volume, is celebrating its eighth birthday in a somewhat unusual way.
The company will hold a series of events as part of its eighth-anniversary celebrations, including giveaway promotions and a space travel ticket, Huobi told to Cointelegraph on Wednesday.

NYSE Arca files with SEC to list Bitwise Bitcoin ETP Trust.
Exchange-traded products with exposure to cryptocurrencies are increasingly gaining ground.
NYSE Arca, a subsidiary of the New York Stock Exchange (NYSE) Group, wants to list and operate a trust based on Bitcoin (BTC) exchange-traded products (ETP).
In a rule-change proposal with the United States Securities and Exchange Commission, NYSE Arca proposed to list shares of the Bitwise Bitcoin ETP Trust.
The proposal clarifies that each share of the trust will be represented by fixed “units of undivided beneficial ownership,” allowing the shares on the stock exchange to reciprocate their value in accordance with Bitcoin’s market price. Open / Comment

2021-10-31 21:41:45 ​Results of the week: Ethereum and Shiba Inu have updated all-time highs, and Facebook has carried out a rebranding.

Ethereum updated its all-time high above $4400, Shiba Inu took ninth place in the overall ranking of cryptocurrencies by capitalization, Facebook carried out a large-scale rebranding and other events of the outgoing week.

Ethereum price renews high above $ 4400.

On Friday, October 29, the quotes of the second largest cryptocurrency by capitalization renewed their all-time high, exceeding the $ 4400 mark.

At the time of writing, Ethereum is trading at $ 4285. Market cap - $ 506 billion. Open / Comment

2021-10-27 20:06:33 ​ Dubai finance watchdog approves listing of Bitcoin fund.
The DFSA is establishing itself as an innovative regulator for the region by focusing on fintech and innovative technology.
The Bitcoin Fund (QBTCu.TO), a closed-end investment vehicle based in Canada, has received regulatory approval from the Dubai Financial Services Authority (DFSA).The fund debuted on Nasdaq on June 23, 2021, and became the first listed digital asset fund in the Middle East.
The fund’s goal is to provide investors with exposure to Bitcoin (BTC) and the daily price changes of Bitcoin in United States dollars, as well as long-term capital appreciation. The fund is a diversified portfolio of digital assets that invests in Bitcoin and U.S. dollar-denominated money market instruments.

Latin America stands to benefit most from crypto, says Uphold exec.
Uphold CEO JP Thieriot said that the nature of life in Latin America begs for use cases based on Bitcoin.
El Salvador’s Bitcoin (BTC) adoption has triggered a digital asset revolution in Latin America, and the region could benefit even more if people can exchange cryptocurrencies, fiat money and the upcoming central bank digital currencies (CBDC) on the same infrastructure, said the head of multicurrency investment platform Uphold.
Speaking to Cointelegraph, Uphold CEO JP Thieriot underscored that the nature of life in Latin America begs for Bitcoin-based use cases, saying the region will benefit the most as crypto adoption continues to grow.
Venezuela and Colombia are the two most prominent crypto adopters in the region besides El Salvador. However, other nations are closing the gap rather quickly, with El Salvador acting as a catalyst, Thieriot explained. Of Uphold’s 7 million users, 1.4 million originate from Latin America, and the high adoption rate in the region continues to attract global players. Open / Comment

2021-10-24 20:13:34 ​ What has been standing in the way of a pure-Bitcoin ETF?
With regulators slowly starting to come to terms with Bitcoin as an asset, how could this affect the present and future views of BTC ETFs?
With regulatory bodies rumored to soon accept a pure Bitcoin (BTC)-backed exchange-traded fund, it is important to understand the journey of some of the first crypto-based ETFs that have recently been approved by government agencies.
The United States Securities and Exchange Commission approved a Bitcoin-adjacent ETF, giving investors the opportunity to gain exposure to Bitcoin through the stock markets, and the most recent acceptance was that of the ProShares Bitcoin Strategy ETF, which started trading on NYSE Arca on Oct.19.

YouTube channels hacked and rebranded for live-streaming crypto scams.
Google’s Threat Analysis Group (TAG) attributes the attacks to a group of hackers recruited in a Russian-speaking forum that sells the hacked YouTube channels to the highest bidder.
A new report shared by Google’s Threat Analysis Group (TAG) highlights an ongoing phishing campaign against YouTube creators, typically resulting in the compromise and sale of channels for broadcasting cryptocurrency scams.
The TAG attributes the attacks to a group of hackers recruited in a Russian-speaking forum that hacks the creator’s channel by offering fake collaboration opportunities. Once hijacked, the YouTube channels are either sold to the highest bidder or used to broadcast cryptocurrency scams:
__“A large number of hijacked channels were rebranded for cryptocurrency scam live-streaming. On account-trading markets, hijacked channels ranged from $3 USD to $4,000 USD depending on the number of subscribers.”__ Open / Comment

2021-10-20 22:00:20 ​ Grayscale parent company expands GBTC purchase allocation to $1 billion.
The new allocation extends DCG’s purchase authorization for the Grayscale Bitcoin Trust by $250 million.
According to an announcement issued on Wednesday, DCG is now authorized to buy up to $1 billion worth of Grayscale Bitcoin Trust (GBTC).
This development extends DCG’s prior authorization by $250 million if they choose to do so. Indeed, DCG has so far purchased $338 million in GBTC, according to the company’s announcement on Wednesday.
DCG had purchased $193.5 million worth of GBTC shares back in May 2021. At the time, the firm’s GBTC purchase limit stood at $250 million.

Crypto market cap hits new all-time high as BTC, ETH soar.
Bullish momentum has returned to the cryptocurrency market, with Bitcoin leading the charge towards new all-time highs.
The total market capitalization of all cryptocurrencies rose to new all-time highs on Wednesday, capping off a dramatic months-long recovery that reaffirmed the bullish narrative for Bitcoin (BTC) and Ether (ETH).
The crypto market cap — an important barometer for the overall health of the digital asset economy — reached a high above $2.63 trillion on Wednesday.
A buying frenzy in the market lifted Bitcoin to new record highs, as the flagship cryptocurrency touched an intraday peak of $67,016.50. Ether, meanwhile, crossed the $4,000 mark for only the second time since May. With the exception of stablecoins, every cryptocurrency in the top-ten market cap rankings printed gains. Open / Comment

2021-10-18 11:01:08 ​ Guernsey regulator approves Jacobi Asset Management’s Bitcoin ETF launch
GFSC-approved Jacobi Bitcoin ETF is a centrally cleared crypto-backed financial instrument with custody supported by Fidelity Digital Assets.
Jacobi Asset Management, a London-based multi-asset investment platform, received approval from the Guernsey Financial Services Commission (GFSC) to launch a Bitcoin exchange-traded funds (ETF). 
Speaking to Cointelegraph, Jacobi Asset Management CEO Jamie Khurshid said that the regulatory clarity helps corporations and institutions to get involved in Bitcoin investments safely without all the risks associated with the technology and counterparties.
According to an official statement, Jacobi Bitcoin ETF is a centrally cleared, crypto-backed financial instrument that is supported by Bitcoin custody provided by Fidelity Digital Assets.

Bitcoin entering final stage of major bull trend, crypto analyst says
According to crypto analyst and trader Alessio Rastani, Bitcoin will finalize its upward trajectory toward $100,000 in the next few months.
Trader and cryptocurrency analyst Alessio Rastani believes Bitcoin is entering the final stage of the current bull market, which will propel the leading cryptocurrency to a $100,000 price target. 
To explain his prediction, Rastani cited the Elliott Wave Theory, which divides upward price trends into five waves. Rastani believes we have entered the final wave of a bull trend that started at the beginning of 2019 and that should see its top at some point next year.
“When this five-wave move completes, then I’m expecting a bear market”, he said. Open / Comment

2021-10-13 20:02:24 ​ Binance to suspend Chinese yuan from P2P platform in December.
Binance is taking more measures to comply with China’s cryptocurrency crackdown with new restrictions in the mainland.
Alongside terminating yuan trading pairs, Binance will continue further restricting access to its platform for users from mainland China, introducing new measures for accounts found to be linked to the region. Binance will specifically limit such accounts to “withdrawal only” mode, limiting transactions to withdrawals, redeeming and closing positions.

US dominates global Bitcoin hash rate distribution after China crackdown.
The U.S. now accounts for more than a third of the total Bitcoin mining activity, with Kazakhstan and Russia also becoming major locations.
Following sweeping crackdowns by China against Bitcoin mining activity, the United States has now emerged as the leading nation in terms of hash rate.
According to the Cambridge Bitcoin Electricity Consumption Index (CBECI), Bitcoin miners in the U.S. account for 35.4% of the total global BTC mining hash rate distribution.
The CBECI data also shows Kazakhstan (18%) and Russia (11%) as the next major Bitcoin mining centers outside the United States. These three nations have gained significant market share in the wake of China’s crypto mining ban. Open / Comment

2021-10-08 20:29:39 ​ BTC price hits $56K as bulls return and talk focuses on Bitcoin ETF approval
A day of consolidation ends in fresh bullishness for Bitcoin price action, which continues to close in on final resistance below all-time highs.
Bitcoin (BTC) returned to beat the week’s four-month highs on Oct. 8, climbing $2,000 in two hours.
Institutions buying Bitcoin rather than gold as inflation cranks up: JPMorgan
According to JPMorgan, this week’s rally has been driven by institutional investors hedging against inflation with Bitcoin.
Bitcoin (BTC) has led a 35% rally this week by soaring far above the $50,000 resistance level and restoring a $1-trillion market capitalization to the asset.
According to a note shared by JPMorgan with clients on Thursday, the recent increase in price for BTC was predominantly attributed to institutional investors looking for a hedge to inflation.
“The re-emergence of inflation concerns among investors has renewed interest in the usage of Bitcoin as an inflation hedge,” the analysts said, arguing there has been a shift in perception as to the merits of BTC in relation to gold.
“Institutional investors appear to be returning to Bitcoin perhaps seeing it as a better inflation hedge than gold.” Open / Comment

2021-10-06 20:02:27 ​BTC: 54819.98 (+10.08%)
ETH: 3605.13 (+5.39%)
XRP: 1.0909 (+2.64%)

UAE crypto exchange BitOasis raises $30M to expand in MENA
“Our aim is to build the largest and most trusted cryptocurrency platform in the region,” BitOasis CEO Ola Doudin said.
Dubai-based cryptocurrency trading platform BitOasis is expanding in the Middle East and North Africa (MENA) with another major funding round.
The new funding will help the crypto exchange to further grow its presence in the MENA region as well as ensure regulatory compliance, BitOasis co-founder and CEO Ola Doudin said.
“We see a lot of potential for crypto adoption within the MENA region. We also believe that the right regulation coupled with investor awareness and education initiatives is going to drive mass adoption of crypto assets in the region,” Doudin told Cointelegraph.

US Senator Warren introduces bill to study crypto’s role in ransomware
The Ransom Disclosure Act aims to help the Department of Homeland Security gather critical data on ransom payments in cryptocurrency and fiat.
The Ransom Disclosure Act, introduced by Senator Elizabeth Warren and Representative Deborah Ross, would require victims of ransomware attacks to disclose information about ransom payments to the Department of Homeland Security (DHS).
The bill, introduced on Tuesday, aims to gather critical data on fiat and cryptocurrency payments and protect investors from cybercrimes. Open / Comment