Bitcoin back over $10K. Wednesday, July 31 — After falling below the $10K barrier on July 27 and splashing around in the mid-$9,000s for the intervening days, Bitcoin (BTC) is back in the five figures as of 3:15 PM UTC. Infographic courtesy of CoinMarketCap After starting the day around the $9,500 price point, BTC has […]
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Singapore’s financial watchdog warns of an online Bitcoin scam scheme using fabricated claims by a former prime minister. The Monetary Authority of Singapore (MAS) has flagged an online Bitcoin (BTC) scam scheme that offers Bitcoin investment using forged claims by a former prime minister. Website uses forged statements by a former prime minister to solicit […]
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Cryptocurrency exchange Huobi partnered with industry membership body Global Digital Finance to develop crypto standards. Cryptocurrency exchange Huobi announced that it partnered with industry membership body Global Digital Finance (GDF) to develop crypto standards in a press release shared with Cointelegraph on July 31. Per the release, the exchange has joined major crypto companies Circle, […]
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Discover what token burning is and how it works, and why blockchain projects are so eager to use the process amid revenue gains… Do token holders really benefit from token burning? While projects themselves gain significant advantages from burning their tokens, the process isn’t a zero-sum game. Token holders also benefit in several ways from […]
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Lawyers for Bitfinex, Tether and parent firm iFinex Inc. have said the respondents have already spent over $500,000 responding to document requests for their ongoing legal battle. Lawyers for Bitfinex, Tether and parent firm iFinex Inc. have said the respondents have already spent over $500,000 responding to document requests for their ongoing legal battle. The […]
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German Bitcoin bank Bitwala announced that it received €13 million (almost $14.5 million) in funding. Germany-based Bitcoin (BTC) bank Bitwala announced that it received €13 million (almost $14.5 million) in funding in a press release shared with Cointelegraph on July 31. Connecting Bitcoin and banks Per the release, an international investor consortium led by Sony […]
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Rain has secured a license from the Central Bank of Bahrain, which it says will significantly help form banking ties. Bahrain-based cryptocurrency exchange Rain has become the Middle East’s first exchange to receive a regulatory license. In a blog post from July 31, Rain confirmed it had received a Crypto-Asset Module (CRA) license from the […]
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Crypto markets are seeing widespread green, with Bitcoin breaking back above $9,700 and many large market cap altcoins seeing solid gains of between 3 and 9% on the day. Wednesday, July 31 — crypto markets are seeing widespread green, with Bitcoin (BTC) breaking back above $9,700 and many large market cap altcoins seeing solid gains […]
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Crypto and blockchain companies need incentives to stick around, says Circle CEO Jeremy Allaire in aftermath of Senate hearings. The CEO of cryptocurrency trading and investment firm Circle thinks the United States will create appropriate regulation as more companies move overseas. Speaking to Bloomberg in an interview on July 31, Jeremy Allaire highlighted ongoing tendencies […]
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While fresh data confirms that the crypto community continues to be male-dominated, the gender imbalance may be less extreme than previously thought. While fresh data confirms that the crypto community continues to be male-dominated, the gender imbalance may be less extreme than previously thought. A report published by fintech firm Bitpanda and market research company […]
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