Crypto Newsletter

China shuts down crypto mining in Anhui province

The Chinese government continues cracking down on the cryptocurrency mining industry by suspending crypto mining operations in another province.

Authorities at Anhui, a small province in eastern China, have announced a set of measures to tackle growing electricity demand and an associated power supply shortage in the next three years, local news agency Hefei Online reported on Wednesday.

Binance Coin Price Analysis: BNB/USD crashes from $334 to higher lows at $290

The BNB/USD trading pair corrected downwards violently on the 24-hour chart from the market opening price of $309 to the $ 291-floor support. Binance coin bears aim to crash the 20-day exponential moving average and sink the price of BNB/USD to $276 – $264 lowers the demand zone. Quite unfortunate, the price is already way below the 20-day EMA, and the bulls are attempting to build up support around $291 and $295. For another uptrend to gain support towards the $300 mark, buyers need to come in by volume and exceed the crucial resistance level lying at $296.

Nifty News: Muse frontman drops track as NFT, Chimps create NFTs and more...

In an exclusive shared with Cointelegraph, celebrity-focused NFT auction platform Cryptograph has announced the launch of an exclusive track from Muse frontman Matt Bellamy in the form of a nonfungible token (NFT).

Binance suspends withdrawals for U.K. customers

According to a report by the Financial News in London, cryptocurrency exchange giant Binance has halted Sterling withdrawals for customers residing in the United Kingdom. The crypto exchange has not provided any detail on why GBP withdrawals have been halted or when they may resume again. Binance sent emails to customers affected and informed them of the issue surrounding the Faster Payments Network (FPN).

Self-Proclaimed Bitcoin Inventor Jörg Molt Arrested for Alleged Crypto Pension Fraud

In 2019, a man with Fabio-like hair entered the cryptocurrency scene with questionable claims when he told a slew of people he helped co-found the creation of Bitcoin. The self-proclaimed Bitcoin inventor named Jörg Molt not only offered a “Satoshi School” but allegedly ran a number of scams on the side. The publication Bild reports the 48-year-old man was arrested by Bavarian police at Frankfurt Airport over accusations of fraud.

Uniswap v3 launches Optimistic Ethereum layer two scaling in alpha

The long-awaited layer two scaling solutions upgrade for Uniswap has finally been spotted in the wild with the launch of version 3 on Optimistic Ethereum.

In a post on July 13, the world’s most popular decentralized exchange stated that it was pleased to finally announce the alpha launch of Uniswap v3 on the Optimistic Ethereum (OΞ) mainnet.

Japanese Police Arrest 4 Men Allegedly Behind $55 Million Crypto Investment Scheme

Four alleged masterminds of the “Oz Project” have been arrested after duping investors across Japan for at least four years. According to investigators, the scheme raked in $55 million from about 20,000 investors, promising 2.5 times returns in four months.

Visa to approve Bitcoin spending card for Australian startup CryptoSpend

Global payment giant Visa is moving forward with its commitment to digital currency adoption by approving the issuance of a new Bitcoin (BTC) debit card in Australia.

Sydney-based crypto spending app CryptoSpend announced Wednesday that Visa has approved the issuance of a physical debit card that will allow Australians to spend their Bitcoin at local merchants.

Musk Sparks Bitcoin Community Ire with Question about Regulation: 'NO ELON'

Crypto sector social media heavyweights have lashed out at the Tesla supremo Elon Musk after the outspoken entrepreneur piped up on Twitter with a question about regulatory permits for an open source bitcoin (BTC) wallet.

Crypto trading volumes declined significantly in June

According to data from Cryptocompare, cryptocurrency trading volumes experienced a sharp decline in June. The data collected by the price and volume tracking organization shows that crypto trading, in general, experienced a slump of at least 40%. Spot volumes suffered the most, with users trading 42.7% less compared to volumes in May. In total, $2.7 trillion was traded last month. The decline was mainly due to the mining and trading crackdown in China, amongst other factors.