Phoenix and Wasabi exit US market amid self-custody wallet crackdown
Recent regulatory action against Consensys and Samourai has instilled fear among other crypto service providers operating in the United States.
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From Positive Regulation to Ponzi Comparisons: What Went On at US Congress Crypto Hearings
July 18 proved to be an important day for the crypto industry, as two separate U.S. Congress hearings centring the matter were held: one by the House Agriculture Committee, and the other one by the House Financial Services Committee. The two stroke completely different tones: while the latter echoed the most conservative sentiments regarding the…
BTC price regains $33k as Square confirms ‘mainstream’ Bitcoin wallet plans
Bitcoin (BTC) came back to life later on July 9 after a whale-induced price dip failed to hold the market down for much more than 24 hours.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin price action returns $33,000 supportData from Cointelegraph Markets Pro and TradingView showed BTC/USD jumping 2% in an hour on Friday, hitting local highs…
Bitcoin market cap ‘flips’ payments giant Visa for the 3rd time
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Grimes’ collaboration with music platform makes 200+ AI songs available for creators
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More investors HODL Bitcoin in anticipation of a 2021 BTC bull market
On-chain data shows a rise in HODLing among retail Bitcoin investors who expect BTC to rally in Q1 2021. 659 Total views 15 Total shares New data shows Bitcoin’s (BTC) current price action is showing higher levels of ‘HODLing’ activity than previous bull cycles.According to on-chain analyst Willy Woo, an indicator called “reflexivity” has been…
UK bill on online safety should apply in the metaverse, say lawmakers
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Optimism saves users $1B in fees, raises $150M in Series B
Layer 2 scaling solution Optimism, has secured $150M in funding which it will use to hire new developers and decrease fees on the Ethereum network. 735 Total views 6 Total shares Popular Ethereum scaling solution Optimism has announced a $150 million Series B funding round co-led by Andreessen Horowitz (a16z) and Paradigm at a total…
Tax and KYC Issues Plague Upbit’s Foreign Withdrawals, Exchange Says
A Jinse report said that many Chinese Upbit users are finding it difficult to withdraw Korean Won ever since December. Upbit has announced to its foreign users the reasons their withdrawals are still restricted on Feb. 19 in an announcement. Upbit said in the announcement that (Know Your Customer) KYC and Korean taxation on cryptocurrency among…