Crypto Newsletter

Simplex Tie-Up With Kava Brings Fiat Directly to Defi

As Kava works to expand its multi-asset defi platform’s appeal, the inclusion of Simplex’s fiat-to-crypto processing infrastructure will provide a fresh avenue for users to enter the defi ecosystem with fewer steps and conversions.

El Salvador releases ‘sneak peek’ of volcanic Bitcoin mining

Volcanoes have long been painted as a method of natural destruction. But El Salvador’s ambitious new plan places them at the center of solving a global concern: Mining Bitcoin via renewable, clean, green energy sources.

Mining “proof-of-work” cryptocurrencies involves using a massive computing system that solves millions of complex calculations each second to validate transactions on networks like Bitcoin.

SEC Objects to Ripple’s Deposition Subpoena for Former Official, Is Jay Clayton the Former Official?

The US Securities and Exchange Commission (SEC) is planning to file a motion by 24th June to quash the deposition subpoena served by the defendants (Ripple) on a former SEC official.

Bitcoin Price Analysis: BTC Eyes Strong Recovery Above $34K

Bitcoin price is recovering higher above $32,000 against the US Dollar. BTC must surpass $34,500 and $35,000 for more upsides in the near term.

Amid Market Rout, Bitcoin (BTC) Gaining Strength Over Altcoins As “Safe-Haven” Asset

The altcoin party is over and looks like money has started flowing back into BTC! Bitcoin (BTC) has recovered more than 10% from its Tuesday’s low of $29,092 in a quick market-wide recovery. The Bitcoin market dominance has now touched 47% recovering from its lows of under 40% last month.

UK’s financial regulator warns against 111 unregistered crypto companies

The United Kingdom’s financial regulator, the Financial Conduct Authority (FCA), has warned consumers against 111 crypto companies that are not registered with the FCA. All U.K.-based crypto firms were to comply with Anti-Money Laundering and Counter-Terrorist Financing laws and register with the FCA by 10th January to operate legally in the UK. However, many crypto firms failed to do so. FCA’s head of enforcement, Mark Steward, asserted that the unregulated crypto entities pose a threat to consumers, banks, and payments firms who do business with them.

Judge blocks sale of Jay-Z's first album and its copyright as an NFT

A New York judge has issued a temporary restraining order to block an alleged attempt from Roc-A-Fella Records Inc (RAF) co-founder Damon Dash to sell a tokenized version of Jay-Z's first album “Reasonable Doubt” along with its copyright.

Ethereum Trims Losses, Why ETH Could Face Hurdles Near $2,060

Ethereum extended its decline below the $1,850 support, like bitcoin. ETH even traded below the $1,800 and $1,750 support levels to move further into a bearish zone.

The price tested the $1,700 level before it started a decent recovery wave. Ether climbed higher nicely above the $1,880 and $1,950 resistance levels. The bulls pushed the price above the 50% Fib retracement level of the of the recent decline from the $2,280 swing high to $1,703 low.

Student Coin Terminal Will Let You Easily Create Your Own Token for Free

The STC Terminal will be launched by the end of July 2021 and will be a major milestone in the wide-scale tokenization of the economy. It will make issuing a token accessible to everyone, including individuals, organizations, corporations, startups and decentralized finance (DeFi) projects.

Authorities in South Korea Seize $47M in Crypto From Tax Evaders

Officials in the South Korean province of Gyeonggi have carried out one of the largest tax seizures in the country. The months-long investigation led to the confiscation of $47 million in Ethereum, Bitcoin, and other cryptocurrencies, according to the Financial Times. Officials have called the event the largest "cryptocurrency seizure for back taxes in Korean history."