Category: Cryptocurrency News

why hide things? Price manipulation: Sofia is the only mechanic in a small town. One of her customers paid for an oil change with Bitcoin. Sofia later looked up his address on the ledger and saw that the customer's wallet contained enough Bitcoin for a new Lamborghini. Next time he needed a repair, she doubled…
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The Bank of England is now warning financial institutions from adopting or even handling Crypto, claiming that Crypto might be a threat to the financial system If Crypto is such problematic, why does this central bank "allow" (they could do much more to prevent it) bankers to launder hundreds of billions of dollars each year?…
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Reports from South Africa say the country’s police have now issued a warrant for the arrest of Sandile Shezi, a 29-year-old cryptocurrency trader. The warrant was issued after one Allan Ledwaba, an investor with Shezi’s Global Forex Institute, accused the cryptocurrency trader of swindling him out of more than $33,000 (R500,000). Using Supercars to Woo […]

Shiba Inu Token runs ahead with 100% gains Bitcoin has surpassed $56K, reclaiming its trillion dollar market cap as the U.S. treasury rules out minting a platinum coin of the same value. The move higher comes on a raft of positive news: the U.S. Securities and Exchange Commission (SEC) has approved an exchange-traded fund (ETF) giving exposure to companies holding crypto, the investment firm founded by billionaire George Soros has revealed a Bitcoin allocation, and Brazil is following El Salvador by preparing a bill that will make the cryptoasset a recognized currency. All this action has put Bitcoin center stage with over 15% weekly gains, but several altcoins have also put on a wild performance. Shiba Inu doubled in price and Stellar added 8% on a new partnership with MoneyGram. Meanwhile, Tezos gave back recent gains by sinking 14%. This Week’s Highlights Shiba shakes off the leash with 100% weekly gains Regulatory fears fade as White House weighs executive order eToro launches Filecoin and Polkadot on its investment platform Shiba shakes off the leash with 100% weekly gains Shiba Inu Token has doubled in value over the last week, running ahead of the pack to reach twelfth place in the market cap rankings. At its highest point, Shiba was up over 300%. This followed a tweet from Elon Musk about his dog Floki of the same breed, and the launch of 10,000 Shiboshi NFTs on the recently launched decentralized exchange ShibaSwap. Meanwhile, Musk’s pet project Dogecoin is laying low. The rival canine-themed crypto finished the week with 4% losses. Regulatory fears fade as White House weighs executive order The rising prices come as the Biden administration considers an executive order to regulate the crypto industry. This is widely expected to be bullish as it follows positive comments from the heads of U.S. government agencies. SEC Chair Gary Gensler told Congress on Tuesday that the agency has no plans to follow China into a crypto ban, joining Federal Reserve Chairman Jerome Powell, who expressed the same sentiment at the end of September. Instead of a ban, more nurturing regulation might come in the form of the “Clarity for Digital Tokens Act of 2021.” This bill was proposed last Tuesday and would create a “safe harbor” for projects that raise funds to build decentralized networks. eToro launches Filecoin and Polkadot on its investment platform eToro has added two more assets to its crypto offering, bringing the total number of cryptoassets available to 31. The new cryptos are Filecoin (FIL), which powers a decentralized storage network, and  Polkadot (DOT), a platform for cross-chain transfers. Week ahead As Bitcoin continues to close in on all-time highs, chatter about the approval of a Bitcoin ETF in the U.S. is reaching fever pitch. The first ETF to be approved could be the ProShares Bitcoin Strategy ETF, backed by Bitcoin futures, which is due to be decided on October 18th. Meanwhile, traders will be keeping their eyes peeled for broader regulatory developments from the highest branches of the U.S. government.   Image by Petra Göschel from Pixabay

“It’s not $400 million. It’s the credibility that comes with the people who wrote those cheques,” Celsius CEO said.

Ripple has contributed the majority of a $44-million fund to support solar energy projects across the United States.

Ada is considered to be the first female programmer. More facts about her below! https://preview.redd.it/y1hm7e1ha0t71.jpg?width=1024&format=pjpg&auto=webp&s=79eafa37017f684440021b9db2cea85eac3a100c She is the daughter of Lord Byron (the Romantic movement poet) Lovelace was tutored in mathematics and science – subjects often forbidden for girls at the time – at the insistence of her mother At 17, she met Charles Babbage…
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Cryptoassets staged a significant rebound last week with Bitcoin closing back in on its all-time highs. The world’s largest cryptoasset, bitcoin rose across the week. Having started trading below $48,000 it surged on Thursday to over $54,000 and has staged further gains in early trading today. The cryptoasset is currently trading around $56,500 its highest level since May this year, and crucially is back within the range that saw it reach an all-time high of $63,569 on 14 April. Ether meanwhile has had a more mixed week with significant volatility, but is still well above its end-of-September levels. ETH started last week trading around $3,350 and saw its price hit $3,665 on Friday. Amid an overall trend of gains last week the cryptoasset has been dogged by volatility – plunging on 6 October after starting the day above $3,500, collapsing to $3,362, then surging back to above $3,600. ETH saw wild swings late on Sunday too but the cryptoasset is currently trading around $3,500. White House mulls crypto order US President Joe Biden and his team are considering the publication of an executive order on crypto that could have far-ranging consequences for the asset class. Per Bloomberg, the order is designed to coordinate responsibilities of different federal agencies on the treatment of crypto, and also mandate those agencies to study and offer recommendations for its regulation. With Biden’s financial regulators increasingly aggressive stance on cryptoassets, any executive order would look to shed more light on the industry and attempt to place controls upon it. According to Bloomberg, no decision has been made on releasing the order yet, but the framework would bring together the work of agencies such as the Treasury Department, Commerce Department, National Science Foundation, financial regulators and security agencies. The administration is also looking to appoint a crypto ‘czar’ to oversee action within the President’s remit. Bitcoin miner looks to list in London Bitcoin mining firm Bitfury is considering a $1 billion float on the London Stock Exchange. The firm is looking to list in the next 12 months, in what would be the largest ever European cryptoasset float, according to The Telegraph. Bitfury is headquartered in the Netherlands but its legal base is in the UK. Filings show the firm is currently valued around $1 billion per its last funding round. The firm, which was founded in 2011 by a Latvian entrepreneur called Valery Vavilov, mines bitcoin with operations in Canada, Norway, Iceland and Central Asia. The company also supplies miniature data centres encased in shipping containers to customers looking to deploy their own mining operations. Brazil to adopt bitcoin as legal tender Brazil could soon be adopting Bitcoin as legal tender, following in the footsteps of El Salvador. South America’s most populous nation currently has a bill passing through its chamber of deputies (equivalent of the House of Commons in the UK) which would create a legal regulatory environment for cryptoassets. The Federal Deputy sponsoring the bill, Aureo Ribeiro says he wants to create regulatory certainty for consumers with this bill, which would allow for the transparent transaction of a basket of cryptoassets. “We want to separate the wheat from the chaff, create regulations so that you can trade, know where you’re buying and know who you’re dealing with. “With this asset you will be able to buy a house, a car, go to McDonald’s to buy a hamburger – it will be a currency in the country as it happened in other countries. This will allow transactions of this asset in our country, which will be regulated by a government agency. “We already made an agreement with both, Central Bank and the Securities and Exchange Commission of Brazil (CVM), over opportunities of this asset and its recognition within, for example, real estate value or currency of daily use.” This is a marketing communication and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to buy or sell, any financial instruments. This material has been prepared without having regard to any particular investment objectives or financial situation, and has not been prepared in accordance with the legal and regulatory requirements to promote independent research. Any references to past performance of a financial instrument, index or a packaged investment product are not, and should not be taken as a reliable indicator of future results. All contents within this report are for informational purposes only and does not constitute financial advice. eToro makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared utilizing publicly-available information. Cryptoassets are volatile instruments which can fluctuate widely in a very short timeframe and therefore are not appropriate for all investors. Other than via CFDs, trading cryptoassets is unregulated and therefore is not supervised by any EU regulatory framework. Your capital is at risk.   Image by YOONHEECHO from Pixabay

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