Crypto News
Bitcoin (BTC) Exchange Outflows Hit 5-Year High, Address Activity Shoots 30%
As Bitcoin (BTC) continues to flirt around $40,000 levels, its fundamentals and on-chain metrics are showing significant improvement. On Wednesday, July 28, the Bitcoin blockchain registered the largest ever net outflows in 5 years since 2016.
coingape.com
LYOPAY ecosystem makes all crypto banking services available
When Bitcoin got into the world, nobody took it seriously. How could a virtual coin overcome fiat?
That was until the launch of DeFi, which made it possible for banking services to be converted into the crypto world. And yet, the user experience was still on the back burner because no app could give you access to all of the available crypto banking services.
ambcrypto.com
Germany’s Institutional Funds Can Hold 20% In Crypto Starting August 2
There could be a flood of institutional investments coming from Germany starting next week. On Monday, August 2, a law is coming into effect that allows Germany’s institutional investors – under the Spezialfonds category – to invest in Bitcoin (BTC) and other cryptocurrencies.
coingape.com
Safemoon Price Poised to gear up more than 35%, Defi space lifts up with a Surge!
Safemoon price is experiencing an acute drain as the prices are approaching the crucial support levels. Despite pretty greener days for the other major cryptocurrencies, like Bitcoin, Ethereum, etc, Safemoon seems to have remained away from the crowd. And hence a fresh plunge from the current levels may even drag the price to a lower level below the support zone.
coinpedia.org
Mexican Regulator: 12 Cryptocurrency Exchanges Are Operating Illegally
Santiago Nieto Castillo, leader of the UIF, the Mexican financial regulator, has issued an alert that 12 cryptocurrency exchanges are operating illegally in the country. The regulator is now producing the necessary data for Mexican authorities to act against these exchanges. The institution receives information from 23 registered cryptocurrency exchanges reporting users’ transactions.
bitcoin.com
PayPal set to launch crypto trading in the UK and may embrace DeFi
Global payments platform PayPal is looking towards the United Kingdom as the next market in which to expand its crypto trading services.
According to the company’s second-quarter earnings call on Wednesday, PayPal has done very well out of crypto trading for the period. CEO Dan Schulman stated that the U.K. is likely to be the next country where crypto trading is offered.
cointelegraph.com
Litecoin (LTC) Sparks Crypto Adoption With Big E-Retailer on Board
Online tech retailer Newegg has announced it will be accepting Litecoin (LTC) as a form of payment for customers who use BitPay on their platform.
In a new press release, the California-based e-commerce company reveals that customers shopping on Newegg.com will be able to check out using LTC starting this week.
dailyhodl.com
Binance looking to setup physical headquarters following regulatory backlash
Binance has plans to set up physical headquarters in multiple jurisdictions as a concession to the global regulatory backlash.
The world’s largest cryptocurrency exchange is under pressure following numerous notices, bans, and even a criminal investigation at the hands of Thailand’s Securities and Exchange Commission.
cryptoslate.com
New bill proposes US Treasury to have full authority over fiat stablecoins
A new bill introduced by United States House Democrat Don Beyer of Virginia has proposed a far-reaching regulatory and legal framework for digital assets across the board.
Entitled "The Digital Asset Market Structure and Investor Protection Act of 2021," the bill touches on virtually all the important grey areas that continue to exist regarding cryptocurrencies in the U.S. context.
cointelegraph.com
Binance banned in Malaysia, given 14 days notice to shut down operations
Malaysia is the latest regulatory theater to come after Binance as authorities in the country have accused the exchange giant of continuing to operate in the country illegally.
According to an announcement released on Friday, the Securities Commission of Malaysia has served a public reprimand against Binance calling for the exchange and all of its entities to cease operations in the country.
cointelegraph.com