The Markets in Crypto-Assets passed the Tripartite negotiations, while the European Union anticipates a new body for AML regulation. Source: https://cointelegraph.com/news/mica-amla-and-eu-s-wild-west-problem-law-decoded-june-27-july-4
Month: July 2022
Bitcoin, Ethereum Jump as Crypto Market Stages Mini Rally
A day after the U.S Independence day, Bitcoin (BTC), the largest cryptocurrency by market capitalization, is up 5% over the past 24 hours and is currently trading at around $20,107, according to data from CoinMarketCap. Ethereum (ETH), the second-largest cryptocurrency, has gained 9% in the last 24 hours and is changing hands for around $1,148. The global cryptocurrency market capitalization…
Ghana Changes Mind on IMF Bailout Days After Residents Staged Protests Against Worsening Economic Situation – Bitcoin News
The Ghanaian government has reportedly changed its mind and will now seek a financial rescue package from the International Monetary Fund (IMF). The decision comes just a few days after residents took to the streets to protest the spiraling inflation and growing economic hardships. Ghana’s Growing Balance of Payments Deficit After initially refusing to seek the International Monetary Fund (IMF)’s…
Bitcoin ‘tourists’ have been purged, only hodlers remain: Glassnode
So-called “market tourists” are fleeing from Bitcoin (BTC), leaving only long-term investors holding and transacting in the top cryptocurrency, according to blockchain analytics firm Glassnode. In its July 4 Week Onchain report, Glassnode analysts said June saw Bitcoin have one of its worst-performing months in 11 years, with a loss of 37.9%. It added activity on the Bitcoin network is…
African infrastructure firm lands $150M to launch crypto water token
South Africa-based H20 Securities has reportedly raised $150 million from the GEM Digital investment firm through the sale of the H20N token. By investing such a tremendous amount, GEM Digital will hold H20N tokens, which will be used to guide funding in water delivery infrastructure in areas that lack sufficient access to fresh water. GEM Digital is a $3.4 billion…
British Army’s Social Media Accounts Hacked to Promote Bitcoin Giveaways, Crypto Scams – Featured Bitcoin News
The British Army’s official Youtube and Twitter accounts were compromised Sunday and hackers used them to promote crypto, including bitcoin and ether giveaway scams featuring Tesla CEO Elon Musk. British Army’s Social Media Accounts Used to Promote Bitcoin, Crypto, NFT Scams The British Army confirmed Sunday that its official Youtube and Twitter accounts were breached. The army’s verified Twitter handle…
NFT and Web3 gaming console to launch in 2024, Chinese firms to check ID for NFT buying, and more
Polium, a company that markets itself as “building the products and infrastructure for Web3 gaming,” has said it’s launching a gaming console that will support multiple blockchains and nonfungible tokens (NFTs). The “Polium One” console announced on July 3 is slated for an initial Q3 2024 release and will support the Ethereum (ETH), Solana (SOL), Polygon (MATIC), BNB Chain (BNB),…
Crypto community eyeing three macro events to tip crypto scales in July
The crypto community is looking into three key dates this month that could profoundly impact the trajectory of the crypto market and the wider United States macroeconomic environment this year. On July 13, the monthly Consumer Price Index (CPI) and data relating to inflation will be released to the public. On July 26-27, a decision will be made as to…
Despite The Bitcoin Price, Great Things Are Happening
This is an opinion editorial by Adam Taha, a host of a Bitcoin podcast in Arabic and a contributor at Bitcoin Magazine. The current bear market is on everyone’s minds. Doom and gloom are in every chart and metric. However, there is a lot to be excited about for Bitcoin HODLers and followers. Below is a list of exciting things…
Indian crypto trading volumes slump following hefty taxes
Trading volume on three major Indian crypto exchanges plummeted 72.5% on average since July 1, when a 1% tax per transaction was enforced in the country. The Tax Deducted at Source (TDS) came into effect on July 1 and appears to have negatively affected traders as exchange volumes dropped from 37.4% on BitBNS and 90.9% on CoinDCX by July 3.…