China’s cryptocurrency transactions related to criminal activities have decreased significantly over the past couple of years, a new report suggests. At the same time, its special administrative region of Hong Kong is seeing a spike in crypto-related crime this year, with authorities attributing the rise to the popularity of crypto investments. Chinese Crime-Related Crypto Transactions
Bitcoin News
Long-dated Bitcoin options and bulls still make waves with their ultra bullish bets, but even they must admit that the possibility of (BTC) trading above $60,000 in the next couple of months is dim. Many traders have added leveraged-long positions via futures contracts to chase after the elusive all-time high, but this seems like an
Following the hype surrounding dogecoin, shiba inu, and then baby doge, another token called daddy doge (DADDYDOGE) has been gathering steam. The coin saw some interest after Elon Musk said the words “daddy doge” in a video of Tesla’s CEO being escorted to a car. Furthermore, the developers of the Daddy Doge project claim the
Blockchains provide a trust-free anonymous intermediary for objective transactional actions, putting wealth transfer back in the hands of the individual and out of the hands of centralized control. This, unsurprisingly, has stepped on the toes of a number of governments. To make matters worse, supporting this technology can be misconstrued as taking a stance against
Two blockchain-based digital identity projects are being developed in different regions of Argentina, with different objectives. One of them is directed to improve government-citizen relationships, facilitating these interactions in Misiones. The other one seeks to improve financial inclusion in the region of Gran Chaco. These two initiatives are being organized by Project Didi, an organization
Bitcoin (BTC) might have failed to sustain the $42,000 support, and for many, this is a slightly bearish sign. Interestingly, the downward move occurred shortly after Saudi Aramco, KSA’s largest oil exporter, denied claiming to start mining Bitcoin. Top traders at exchanges seized the opportunity to add leverage-long positions, a clear bullishness indicator. Furthermore, margin
On Tuesday, Bakkt Holdings revealed a partnership between the national quick-service restaurant (QSR) Quiznos. The company Quiznos is a brand based in Denver, Colorado, and the restaurants specialize in offering submarine sandwiches. According to the announcement, Bakkt and a Quiznos location in Denver will be launching a pilot that allows customers to purchase food with
An upcoming collaboration between Bakkt and Quiznos will allow customers to pay for meals at certain locations with Bitcoin (BTC). Customers will be able to pay in BTC at certain Quiznos shops in Colorado’s capital as part of an initial test run, according to a public statement on Tuesday. “The pilot will be available at select Quiznos
A court has ordered one of Russia’s largest banks to lift restrictions imposed on the accounts of a Russian citizen who was selling digital coins on cryptocurrency exchanges. The state-owned giant Sberbank will now have to unblock its client’s cards and restore his access to its online banking platform. Regional Court in Russia Rules in
Lawmakers in the United States have called for caution regarding implementing a proposed tax policy that could have significant implications for America’s crypto space. As previously reported by Cointelegraph, an expanded crypto taxation regime was a last-minute addition to the $1 infrastructure deal currently being debated in Congress. According to the proposed amendments, tighter rules
press release PRESS RELEASE. Blockchain venture capitalist firm Nodeseeds has announced the launch of a three-tier membership system to democratize its investment process. Nodeseeds revealed further details in a blog post on its medium page. Fair Allocation Tier System According to the post, Nodeseeds stated that the tiers were designed to ensure fair allocation of
Bitcoin outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days. According to the Glassnode’s August 2 The Week On-Chain report, Bitcoin outflows have accelerated to a rate exceeding 100,000 BTC per month for just the third time since September 2019. The on-chain
A new proposal of a digital transformation law, written by a group of lawmakers in Spain would introduce the possibility of paying mortgages with cryptocurrency. The law draft also gives different incentives for companies and organizations using and developing solutions using these technologies, including tax cuts. Banks are also included in the regulation, and the
While Bitcoin’s (BTC) price has slipped by more than 8.2% after rising to $42,230, the 43.5% rally included 10 consecutive days of gains. But despite BTC currently trading at around $39,700 as of Aug. 2, some analysts anticipate that it can rise by another 100%. Nunya Bizniz, an independent market analyst, posted the bullish setup
Mastercard’s CEO has outlined the company’s plans to develop products and services around cryptocurrencies, stablecoins, and central bank digital currencies (CBDCs). “We want to be playing a role across all of them … It’s obviously a vibrant space around digital currencies,” said the CEO. Mastercard Wants a Role in All 3 Crypto Areas Payments giant
The Saudi Arabian Oil Company (Saudi Aramco) had stirred interest among crypto enthusiasts last year after investing $5 million in a blockchain-based oil trading company Vakt. While this move aimed to digitize and streamline post-trade processing, Saudi Aramco was also rumored to undertake Bitcoin mining activities. However, Saudi Arabia’s state oil company released an official statement