Crypto Newsletter

Crypto derivatives exchange Bybit launches spot trading, including for XRP

Bybit, one of the largest crypto derivatives exchanges, has expanded into the crypto spot trading market.

Bitcoin Will Not and Should Not Be a Currency in the US, Says Michael Saylor

MicroStrategy CEO and Bitcoin bull Michael Saylor says there’s no chance Bitcoin will be used as currency in the US.

Saylor has been a prolific Bitcoin supporter ever since MicroStrategy added the top crypto asset to its balance sheet in August of 2020.

Busta Rhymes Talks Cryptocurrencies, Rappers Asks Fans if He Should 'Buy In'

Trevor George Smith Jr., professionally as Busta Rhymes asked his 3.8 million followers on Twitter what they think about cryptocurrencies. Rhymes questioned if anyone was into crypto and how people were feeling about digital currencies at the moment.

Hong Kong authorities arrest 4 people for laundering $150 million using crypto

In a recent bust of a money laundering case involving cryptocurrencies, Hong Kong authorities arrested four people. The suspects have reportedly laundered a massive HK$1.2 billion ($150 million) funneled through bank accounts in Singapore over the last 15 months. The Hong Kong Customs had launched operation “Coin Breaker” last week on July 8 for this purpose. Crypto-related crimes like money laundering and terror funding have been a major concern among regulators.

740 Bitcoin (BTC) transferred from dormant address after 9 years

Crypto trackers and alarmers Whale Alert noticed an old-school holder move 740 Bitcoin (BTC) two days ago after the coins sat dormant for over nine years.

According to a cryptocurrency blockchain explorer service Blockchain.com, the whale’s address transacted 38 times, receiving a total of 793.64 Bitcoin and its current, post-dump value with roughly 52 Bitcoin remaining is worth about $1,66 million.

Fed Chairman: The World Won’t Need Digital Currencies Once We Have the Digital Dollar

On Wednesday, July 14, Federal Reserve Chairman Jerome Powell spoke on the topic of having a Digital Dollar during the hearing before the U.S. House of Representatives Financial Services Committee. The Fed Chairman said that one of the major reasons for the U.S. Central Bank to have digital currency in place is that it will undercut the need for other public cryptocurrencies and stablecoins.

Italian finance regulator issues warning on Binance crypto exchange

Italy's securities market regulator, the Italian Companies and Exchange Commission (CONSOB), has issued a statement stating that Binance Group and affiliated companies are not authorized to provide investment services and operate in Italy.

China's Global Bitcoin Hashrate Was On Decline Before Crackdown

It seems that the Great Miner Migration began even before the latest exodus from China. That country’s share of global Bitcoin (BTC) hashrate started declining before the latest government crackdown, while that in other countries has seen an increase, found the Cambridge Centre for Alternative Finance (CCAF) at Cambridge Judge Business School.

Softbank leads $800M investment for banking app Revolut

Revolut, a major British banking app featuring cryptocurrency investment, has secured $800 million in a new funding round.

The new investment round is led by Japanese financial giant SoftBank and United States hedge fund Tiger Global, which collectively hold around 5% in Revolut, CNBC reported Thursday.