Cryptocurrency

200,000 crypto traders ‘rekt’ as market sees $1 billion in

Bitcoin dipped to over $28,000 yesterday, sending other altcoins in a downward spiral and chalking up one of the biggest crypto ‘liquidation’ days in a few weeks. Several large-cap cryptos like Solana, XRP, and Polkadot saw double-digit percentage declines. Their corresponding futures products did, too, see falling prices, causing a long line of liquidations in […]Read More

Bitcoin

El Salvador releases ‘sneak peek’ of volcanic Bitcoin mining

El Salvador releases ‘sneak peek’ of volcanic Bitcoin mining | CryptoSlate Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Bitcoin › El Salvador › Mining The country has proposed geothermal energy generated via volcanoes to power mining farms. Here’s what it could look like. Shaurya Malwa […]Read More

Regulation

Indians could be charged an extra 2% tax on Bitcoin

Bitcoin (BTC) and other cryptocurrencies bought from exchanges outside the country could cost Indian investors additional tax, while the tax department is looking into whether crypto falls subject to the 2% equalization levy, reported the Economic Times. Google tax Services provided in India by overseas e-commerce companies are subject to the equalization levy, also colloquially […]Read More

Bitcoin

VanEck files Bitcoin ‘mutual fund’ with SEC even as ‘whales’

Exchange-traded funds (ETFs) and mutual fund provider VanEck has filed for a new Bitcoin fund in the US, a filing with the Securities and Exchange Commission (SEC) shows. Routed via Cayman Islands Called the new “Bitcoin Strategy Fund,” the instrument will invest in Bitcoin “futures” and other publicly traded financial products that provide exposure to […]Read More

Bitcoin

Ethereum, BNB, XRP see big drops as Bitcoin hashrate falls.

Ethereum, BNB, XRP see big drops as Bitcoin hashrate falls. What’s next? Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin · Ethereum › Analysis Falling hashrate, death crosses, and altcoin plunges form the backdrop of the crypto market yesterday as China tightened its […]Read More

Bitcoin

Could Paraguay emerge as a Bitcoin mining hub after China

Bitcoin miners were dealt a blow in May as the Financial Stability and Development Committee of the State Council of China announced further controls on financial risk. The announcement was the latest in China’s long-running friction with the cryptocurrency industry. But this time, given the Chinese Communist Party’s promotion of its digital yuan, it looks […]Read More

Regulation

BTC dumps after Agricultural Bank of China issues, deletes, and

The Agricultural Bank of China (ABC) published a Bitcoin (BTC) ban announcement, restating its services must not be used for cryptocurrency-related transactions and activities, only to delete it within minutes, pause for a few hours, and then publish the ban all over again. ABC is one of the “Big Four” banks in the country, state-controlled […]Read More

Bitcoin

MicroStrategy buys 13,005 more Bitcoin, now holds 105,000 BTC

Business analytics firm MicroStrategy has acquired 13,005 Bitcoin (BTC), CEO Michael Saylor said in a tweet today. The firm now holds over 105,000 Bitcoin in total as a result. “MicroStrategy has purchased an additional 13,005 bitcoins for ~$489 million in cash at an average price of ~$37,617 per bitcoin,” tweeted Saylor, adding: “As of 6/21/21 […]Read More

Regulation

Central Bank of Portugal awards first licenses to local crypto

Banco de Portugal, the country’s central bank, issued operational licenses to two local crypto exchanges for the first time ever, a notice on the site shows. Receiving the licenses were Lisboa-based Criptoloja and Braga-based Mind The Coin. “It was a long way. Being the first regulated exchange in Portugal means a lot,” said Pedro Borges, […]Read More