2021-09-17 19:08 Friday
Bitcoin historical data reveals strategy to pick the right iPhone 13

Bitcoin (BTC) and Ether (ETH) historical data make selecting the right Apple iPhone 13 model quite easy for crypto enthusiasts.  Apple unveiled four different smartphone models on Tuesday, the iPhone 13 and iPhone 13 mini, with a new camera layout, as well as the Super Retina XDR display-bearing iPhone 13 Pro and iPhone 13 Pro Max, each with several storage options. With so many different models available in a wide price range, it becomes hard for customers to pick a specific model as a replacement for their current gadget. For crypto enthusiasts, though, historical market data on top cryptocurrencies makes the selection process a piece of cake.

2021-09-17 19:08 Friday
AMC adds Ether and Litecoin to year-end crypto adoption plans

AMC Entertainment will not only accept Bitcoin (BTC) payments for movie tickets by the end of 2022 but will also include other popular digital currencies in its crypto acceptance policy. Tweeting on Thursday, the company’s CEO, Adam Aron, announced plans for AMC to accept three other cryptocurrencies — Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH). As previously reported by Cointelegraph, AMC initially unveiled plans to accept Bitcoin payments for online movie tickets before the end of the year.

2021-09-17 19:08 Friday
Does Evergrande’s $300B debt crisis pose systemic risk to the crypto industry?

Amid speculation as to whether China’s second-largest property developer, Evergrande Group, will default on its $300 billion in debts, analysts are wondering whether the firm’s collapse could pose contagion risks for the crypto industry. On Sept. 8, Fitch Ratings asserted it “appears probable” that Evergrande will default on its debts, with the firm having since conceded that it will be unable to sell properties or other assets in its possession quickly enough to service its rapidly mounting debts. In a Tuesday statement, Evergrande predicts “significant continuing decline in contract sales in September, thereby resulting in the continuous deterioration of cash collection by the Group” and placing “tremendous pressure on the Group’s cash flow and liquidity.” The document added:

2021-09-17 19:08 Friday
South Korean lawmaker: Delaying tax laws on crypto is 'inevitable'

Noh Woong-rae, a member of South Korea’s National Assembly and a representative of the country’s ruling party, reportedly plans to postpone a bill clarifying the taxation of crypto until 2023. According to a Thursday report from Naver News, Noh said the Democratic Party of Korea plans to push back against the intention of South Korea’s Ministry of Finance to tax virtual assets starting in 2022. According to the South Korean lawmaker, it’s currently too difficult to secure data to be used for taxes on crypto exchanges and through P2P transactions. “In a situation where the relevant taxation infrastructure is not sufficiently established, the deferral of taxation on virtual assets is not an option, but an inevitable situation,” said the South Korean lawmaker.

2021-09-17 19:08 Friday
Avalanche Foundation raises $230M to support DeFi ecosystem

The Avalanche Foundation has announced a significant $230M investment from a venture capital group spearheaded by Polychain and Three Arrows Capital for the purpose of supporting the growth of the DeFi ecosystem and their ever-expanding list of applications that utilize the blockchain. Since launching in September 2020, Avalanche has cultivated a burgeoning influence on the DeFi landscape, with its smart contracts platform now providing the infrastructure for over 270 industry projects including SushiSwap, Chainlink, Circle, and The Graph, among others. The $230M capital — raised through the private sale of its native token — will be allocated by the foundation across a multitude of use-cases within its blockchain, including “grants, token purchases, and various forms of investments and technology support.”

2021-09-17 19:08 Friday
Korean Finance Minister vows to fight moves to delay the crypto tax code

South Korea’s Minister of Strategy and Finance, Hong Nam-Ki has vowed that the controversial crypto tax code will come into effect on January 1st, 2022 despite moves this week by the majority Democratic Party to postpone it to 2023. The tax code will levy a 20% tax on income generated by crypto transactions in excess of 2.5 million KRW, or about $2100 USD. International media this week reported that the Democratic Party, which holds a slim majority in South Korea’s National Assembly, intends to pass a bill postponing the crypto tax law by the end of October. But the party faces an uphill battle to pass the bill in the face of Hong’s opposition, as it holds only a slim majority.

2021-09-17 19:08 Friday
$1.2B in Ether withdrawn from centralized exchanges in record daily outflow

More than $1 billion worth of Ether has been removed from centralized exchanges in 24 hours, leading to speculation about imminent price gains for Ethereum as supply shrinks on many trading venues. According to data shared by crypto analytics provider IntoTheBlock, $1.2 billion worth ETH was withdrawn from centralized exchanges on Sept. 16 to mark a new record in short-term outflows from exchanges. IntoTheBlock noted that Ether’s price rallied by 60% in the 30 days after $1 billion was pulled from centralized trading platforms in April.

2021-09-17 19:08 Friday
Estonian 'auto liquidation' DeFi platform Minterest raises $6.5m

Decentralized finance protocol Minterest has just secured $6.5 million in funding for a long-term yield optimization platform. The private fundraising round was contributed to by a number of venture capital companies including KR1, DigiStrats, Bitscale Capital, PNYX Ventures, CMT Digital and others. The Estonian-based team intends to use the funding to develop the lending and borrowing protocol which it claims is “designed to make DeFi fairer for users.” Minterest uses a buyback mechanism that captures value and passes all of the revenue generated by the platform to its community.

2021-09-17 19:08 Friday
YouTuber trades Tesla Roadster for NFT

Dan Markham, the creator of the seven-million subscriber What’s Inside YouTube channel, has traded his Tesla Roadster for a single nonfungible token (NFT). In a Sept. 15 video on his What’s Inside Family channel, Markham exchanged a blue Tesla Roadster — which he estimated could be worth “a quarter-million dollars pretty soon” — for a nonfungible token of a “positive porcupine.” The NFT was a creation of the VeeFriends project and owned by Eli Burton, the artist behind The Adventures of Starman graphic novel. I am incredibly grateful to @garyvee and the @veefriends community.I traded my vee friends NFT epic positive porcupine for my dream car, the original Starman Tesla roaster.This was only possible because of vee friends. I love you guys. Thank you https://t.co/9KCIWhcDkI pic.twitter.com/YyDfpxdukd

2021-09-17 19:08 Friday
Cuba's cryptocurrency regulations take effect

Resolution 215 of 2021 issued by the Banco Central de Cuba (BCC) — the country’s central bank — recognizing cryptocurrencies like Bitcoin (BTC) is now in effect. According to Cuba’s official state news agency Prensa Latina, the order became official on Wednesday. With crypto legally recognized by the BCC, Bitcoin and other cryptocurrencies can now be used for commercial transactions and investments in Cuba.

2021-09-17 13:08 Friday
Ethereum network's hashrate is 675,796.09 GH/s,mining difficulty is 8,955.33T

According to data from eth.btc.com,ethereum network's hashrate is675,796.09 GH/s,mining difficulty is8,955.33T. ETH's price :$ 3,583.28 Avg Gas Price:185.00Gwei Pending Txs :143120

2021-09-16 19:09 Thursday
Ethereum network's hashrate is 661,614.47 GH/s,mining difficulty is 8,909.52T

According to data from eth.btc.com,ethereum network's hashrate is661,614.47 GH/s,mining difficulty is8,909.52T. ETH's price :$ 3,599.22 Avg Gas Price:185.00Gwei Pending Txs :141243

2021-09-16 19:09 Thursday
Coinbase applies to trade crypto futures

Top U.S. crypto exchange Coinbase has submitted an application to become a registered Futures Commission Merchant (FCM) with the National Futures Association (NFA). Details are sparse, but according to the NFA website the pending application was submitted on Sept. 15 under the name “Coinbase Global Inc.” Coinbase highlighted the move via Twitter on Sept. 16 and stated that “this is the next step to broaden our offerings and offer futures and derivatives trading on our platforms. Goal: Further grow the crypto economy.”

2021-09-16 19:09 Thursday
Bank of Russia wants to block ‘emotional’ and suspicious crypto activity

As cryptocurrency investments get more popular in Russia, the country’s central bank is actively working to curb perceived suspicious crypto activity as well as block some crypto purchases. The Bank of Russia has started working with local banks to make them halt payments to cryptocurrency exchanges in order to protect customers from “emotional” purchases of crypto. Sergey Shvetsov, the first deputy governor at the Bank of Russia, argued that the new measures aim to protect Russian investors from potential losses in case the cryptocurrency market “crashes to zero,” local news agency RIA Novosti reported Wednesday.

2021-09-16 19:09 Thursday
There's a Bitcoin boom among Baby Boomers reports BTC Markets

Australian cryptocurrency exchange BTC Markets has observed a significant uptick in older clients using its platform over the past financial year. More older Australians are viewing crypto assets as viable investments according to the data provided by one of the country’s oldest and largest exchanges. In its annual Investor Report, BTC Markets — which started in 2013 — reported a 15% increase in the number of investors over 65. Thed they are also the group making the largest deposits. Baby Boomers, which are classified as those born between 1946 and 1964, now comprise 5% of the platform’s estimated 325,000 customer base.

2021-09-16 19:09 Thursday
Morgan Stanley launches cryptocurrency research team

Morgan Stanley, one of the largest banks in the United States, is setting up a new crypto-focused research division. The Wall Street megabank has appointed Sheena Shah as lead cryptocurrency analyst for its dedicated cryptocurrency research team, Bloomberg reported on Monday. Shah worked as Morgan Stanley’s lead currency strategist covering G10 currencies for more than eight years and contributed to the bank’s crypto-related research efforts. In the new role, Shah will reportedly focus on analyzing the impact of cryptocurrencies on equities and fixed-income investments such as treasury and corporate bonds. 

2021-09-16 19:09 Thursday
Aussie crypto fund manager sentenced to 7 years for stealing $54M from investors

Stefan He Qin, the founder of two cryptocurrency hedge funds has been sentenced to more than seven years in prison after U.S. authorities found that he cheated investors out of $54 million, A Sept. 15 statement from the U.S. Department of Justice (DoJ) announced that U.S. District Judge Valerie Caproni handed Qin a 90 month sentence for defrauding his investors out of $54 million. The 24-year-old Australian owned and operated two cryptocurrency investment funds between 2017 and 2020 — Virgil Sigma and VQR, the latter of which was founded in February 2020.

2021-09-16 19:09 Thursday
Turkish central bank taps local tech firms for digital currency R&D

The Central Bank of the Republic of Turkey (CBRT) has made a major step forward with a research and development project that could see the Turkish lira go digital. On Wednesday, CBRT announced the signing of memoranda of understanding with three domestic research and technology companies that will form the “Digital Turkish Lira Collaboration Platform.” The pool of participants is expected to expand as the project moves forward. The three original technology stakeholders are Aselsan, a major defense corporation, Havelsan, a software and systems developer operating in the defense and IT sectors, and TÜBİTAK Informatics and Information Security Research Center.

2021-09-16 19:09 Thursday
Hong Kong landlords lease to crypto exchanges following regulatory clarity

Hongkong Land, a property landlord in Hong Kong, has leased out commercial office space to a local crypto-asset firm named HashKey Group following clarity around cryptocurrency regulations.  Neil Anderson, director of Hongkong Land, believes that the decision to lease commercial property to crypto businesses was heavily reliant on the recent crypto regulations set by the Securities and Futures Commission (SFC): Hong Kong regulators require crypto businesses to be licensed locally and offer their services only to professional investors.

2021-09-16 19:09 Thursday
Vitalik Buterin makes list of Time magazine’s 100 most influential people in 2021

Time magazine has named Ethereum co-founder Vitalik Buterin one of the most influential people this year, along with musicians, world leaders, activists, and others. Appearing in the list of Time’s innovators for 2021, Buterin is named alongside Nvidia CEO Jensen Huang, Tesla CEO and Dogecoin (DOGE) proponent Elon Musk, and others. In his profile on the Ethereum co-founder, Reddit co-founder Alexis Ohanian cited Buterin’s role in building the Ethereum network to a market capitalization of more than $400 billion and encouraging the development of decentralized apps and non-fungible tokens, or NFTs. “No one person could’ve possibly come up with all of the uses for Ethereum, but it did take one person’s idea to get it started,” said Ohanian. “From there, a new world has opened up, and given rise to new ways of leveraging blockchain technology.”

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