Crypto Newsletter

After El Salvador, What Bitcoin Adoption Means For Africa

In its line-up after El Salvador signed into law legislation making Bitcoin its legal tender, Tanzania, an East African country with about 58 million citizens became the latest to express interest in embracing decentralized finance.

This is after her president instructed the financial authorities to prepare for a disruption in the traditional financial system with the widespread use of cryptocurrencies to avoid being caught unprepared.

Ethereum Going to London in August, but Some Changes Will Need To Wait

In its gradual process of transitioning to Ethereum 2.0 and a proof-of-stake (PoS) consensus mechanism, Ethereum (ETH) might get its London upgrade on or around August 4, at which point a number of changes will take effect, including the much-anticipated Ethereum Improvement Proposal (EIP) 1559 meant to revamp the networks monetary system.

Iran’s illegal Crypto Mining Problem Intensifies, Country Sees Widespread Protest

Iran’s power outage protests have gone rogue amid a severe heatwave in the nation. The capital, Tehran, and several other cities in the north of Iran face disrupted routine and shortage of necessities during the historic power cut throughout the nation.

Binance Coin Price Analysis: Binance Coin crashes $308 resistance into $330 zone

Binance Coin has managed to beat yesterday’s target on the daily chart’s 4-hour frame after breaking above $330. The exchange native coin opened the daily chart at a price of $318 and activated three white soldiers into the $320 price level. Slightly corrected back and then flew upwards to the daily high at $333. The upward dash saw the coin crash through several resistances on the 2-day frame. Bulls seem persistent to invalidate the bearish momentum that had gained ground at the start of the week.

Prosecutors Indict Bithumb Owner on USD 88M Fraud Charges

The majority owner of the South Korea crypto exchange giant Bithumb, Lee Jung-hoon, has been indicted on a USD 88m fraud wrap over a failed altcoin token listing controversy – and could also face a civil case from investors in Hong Kong.

Big Money Buying Bitcoin, Ethereum, XRP, Polkadot, Cardano and Bitcoin Cash As Crypto Fund Inflows Return: CoinShares

Digital asset firm CoinShares says there’s a potential shift in sentiment among crypto investors as inflows return to the markets.

In a new report, CoinShares tracks tens of millions of dollars that’s now flowing into crypto funds after a lengthy hiatus.

Chinese crypto miners are dumping GPUs on secondhand trading site

Chinese crypto miners have started dumping used graphic processing units (GPUs) on the secondhand market following China's bitcoin mining crackdown.

Over the past one and half months, there has been an increasing number of new posts for selling stacks of GPUs on Xianyu, which is one of the largest marketplace apps in China for secondhand goods and is owned by Alibaba.

Why Ethereum (ETH) May Soon Overtake Bitcoin (BTC)?

Ethereum (ETH), the second-largest cryptocurrency by market cap has catapulted to mainstream adoption this bull season along with Bitcoin (BTC). It has become a growing choice of financial institutions and many including the likes of Goldman Sachs and JP Morgan believe it has the potential to eventually overtake BTC as the new store of value.

Crypto Derivatives Exchange Bybit to Introduce Stringent KYC Policy

The British Virgin Islands-based Bybit Fintech Limited has announced the cryptocurrency derivatives exchange is introducing an updated know-your-customer (KYC) policy on July 12. Bybit notes that it already had certain KYC requirements implemented, but the new system reform is meant to “improve security compliance for all traders.”

BlockFi starts shipping Visa-backed Bitcoin rewards credit cards

New York-based crypto loans and savings startup BlockFi launched its Bitcoin (BTC) rewards credit card today. The card is available to select approved customers on the United States waitlist.