Gold price reached a new all-time high and the same factors behind its rally could also push Bitcoin price higher. Today the price of gold hit a new record-high at $2,008 and the asset is now in the price discovery phase. The precious metal appears to be rallying due to the declining U.S. dollar and […]
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Huobi’s COO believes lack of defined regulation and infrastructure services are preventing the mass adoption of blockchain technology. Robin Zhu, Huobi Global Group’s COO, told Cointelegraph at a China Great Bay Area International Blockchain Week pre-event interview on August 3 that lack of defined regulations and infrastructure services are preventing the mass adoption of blockchain […]
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Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards. On Aug. 4, four U.S. congressional representatives wrote to the Internal Revenue Service (IRS) asking the tax authority not to overtax rewards from Proof-of-Stake blockchains. Explaining the difference in energy consumption between PoS and […]
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Dave Portnoy, also known as Davey Day Trader, now wants to learn how to buy Bitcoin from the Winklevoss twins. Popular Twitter personality Dave Portnoy, famous for his motto “stocks only go up,” now wants to learn about Bitcoin (BTC) from Gemini co-founders Tyler and Cameron Winklevoss. In a Twitter clip extracted from his latest […]
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Ripple ranks the highest amongst companies in the Blockchain sector according to the latest annual ranking from Hurun. Research firm Hurun published a list of global unicorns, or companies worth more than a billion dollars, in 2020. This ranking features all billion-dollar tech startups founded in the 21st century that are not listed yet listed […]
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A panel of compliance experts from the crypto industry agreed that law enforcement and institutional finance have been hearing more positive narratives about crypto. During an Aug. 4 panel on legal compliance within the cryptocurrency industry, major figures noted recent shifts in public perception of the industry, pointing to arrests within weeks of the Twitter […]
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Shortly after Russia’s President Vladimir Putin signed the country’s recent cryptocurrency law, the country’s largest bank voiced its considerations. Sberbank, a state-owned company and the largest bank in Russia, is considering the possibility of issuing its own token, according to its key executives. Sergey Popov, Director of the transaction business at Sberbank, says that Russia’s […]
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Bitfinex wants to recover Bitcoin stolen from them in 2016, even if that means paying to find the hackers responsible for the attack. Crypto exchange Bitfinex is offering up to $400 million to anyone who can lead them to the hackers who stole over 120,000 Bitcoin (BTC) in August 2016. According to the company’s post […]
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As the Turkish lira hits record lows despite foreign reserve selling, Steve Hanke says that only a “gold-backed currency board” can save the economy. A famous Bitcoin skeptic has called for a gold-backed currency to save Turkey as its national fiat currency collapses. In a tweet on Monday, John Hopkins professor Steve Hanke argued that […]
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The U.S. dollar is at risk of falling below the lower end of a 12-year trendline as some analysts argue that this may be a bullish turning point for Bitcoin price. The United States dollar (USD) index is currently testing the bottom of a 12-year trendline. But as some traders are calling it the “most […]
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