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Month: June 2021

Ethereum Classic price has nearly doubled days after Digital Currency Group’s $50M bet

The gains also appear amid an overall crypto market recovery following Bitcoin’s sharp rebound from $30,000 support. Ethereum Classic (ETC) reached its highest level in almost three weeks Wednesday, buoyed by Barry Silbert-backed Digital Currency Group’s $50-million investment and by an overall cryptocurrency market recovery. Digital Currency Group (DCG) revealed […]

Australia’s Financial Watchdog Says Bitcoin ETP Could Create ‘Risk,’ Seeks Feedback

ASIC said it is attempting to evaluate whether cryptos are appropriate underlying assets for an exchange-traded product. Australia needs to tread carefully should it eventually launch a crypto exchange-traded product (ETP), the country’s financial regulator said Wednesday. In a consultation paper from the Australian Securities and Investment Commission (ASIC), the regulator is […]

Bitcoin volatility still a concern for CEO of BNY Mellon subsidiary

Francesca Fornasari believes that Bitcoin may not be suitable for most institutional investors. Despite BNY Mellon’s entrance into Bitcoin (BTC), the CEO of one of the company’s asset management units is still sceptical about major risks associated with the world’s largest cryptocurrency. Francesca Fornasari, head of currency solutions at BNY […]

UK Court Orders Bitcoin.org to Remove White Paper Following Craig Wright Lawsuit

The judge had no option but to rule a default judgment because Cobra chose not to make an appearance, according to Wright’s representation. Cobra, the pseudonymous creator of the Bitcoin.org website, has been ordered by London’s High Court to discontinue hosting its copy of the Bitcoin white paper. Citing copyright […]

Salvadorans will not be forced to use the government’s Bitcoin wallet

The government’s new “Chivo” Bitcoin wallet will be interoperable and commission-free. The latest announcement from El Salvador’s pro-Bitcoin president, Nayib Bukele, has clarified that citizens will not be forced to use the government-issued “Chivo” Bitcoin wallet. In a tweet on June 29, El Salvador’s President Bukele stated he wanted to […]

Operator of China’s first Bitcoin exchange reportedly exits crypto

BTCChina has reportedly sold its stake in the Singapore-registered Bitcoin exchange ZG.com BTCChina, the operator of China’s oldest Bitcoin (BTC) exchange, is no longer in the crypto business, according to some reports. The company sold its stake in the Singapore-registered Bitcoin exchange ZG.com to an unidentified foundation in Dubai, Chinese […]

Ethereum looks to retake $2K days before London hard fork

The world’s second-largest cryptocurrency also surged in tandem with positively correlated Bitcoin, the flagship digital asset. Ether (ETH) prices reclaimed $2,000 on Monday, increasing expectations that the latest rebound would serve as a cue for further upside moves based on bullish fundamental and technical outlooks. “Ethereum targets $2,045 first,” noted […]

30 Bitcoin miners receive licenses in Iran amidst BTC hashrate drop

Miners in Iran are being awarded licenses to jack up operations as the network’s ‘hashrate’ sees a hit. Thirty Bitcoin mining farms in Iran received operational licenses last week as the government softened its stance on the crypto market, local outlet Financial Tribune reported. Bitcoin mining, for the uninitiated, uses up a massive computing system that […]