Crypto Newsletter

Russian central bank announces to take action against ‘suspicious’ crypto activities.

According to local reports, the central bank of Russia is planning to take steps to throttle the rise in crypto trading activity in the country, including blocking some digital currency purchases, in a bid to tackle suspicious activity. The Bank of Russia has begun working closely with local banks to identify potentially suspicious crypto payments, instructing them to halt payments sent to digital currency exchanges to prevent “emotional” bitcoin purchases.

Algorand Price Analysis: ALGO corrects lower at $1.8 support

The price of Algorand is bearish for today, as the market was unable to move past the $2.20 mark after a rapid climb during the last hours. As a result, we believe that ALGO/USD will retreat and attempt to test the $1.90 support area again.

Bitcoin Is the Only ‘Institutional-Grade Asset’ in the Crypto Space, Says MicroStrategy CEO Michael Saylor

The CEO of business analytics software firm MicroStrategy, Michael Saylor, says Bitcoin is in a class of its own compared to other crypto assets.

Breaking: Binance Reportedly Under CFTC Investigation For Insider Trading

Binance’s regulatory woes have now expanded to the US, in what could be its worst regulatory showdown until now. A recent report from Bloomberg highlighted that the US Commodity Futures Trading Commission (CFTC) is now looking into the crypto exchange on allegations of possible insider trading and market manipulation.

Fintech Firm Revolut Pays for Dallas-Based Wework Workspace With Bitcoin

The cryptocurrency-infused financial tech company Revolut has announced it has purchased a Wework office with bitcoin. Revolut detailed that the office space in Dallas, Texas will house 300 employees to prepare for the company’s U.S. expansion.

Evolve or die: How smart contracts are shifting the crypto sector’s balance of power

One of the familiar themes seen in previous crypto market cycles is the shifting market caps, popularity and ranking of the top 10 projects that see significant gains during bull phases, only to fade into obscurity during the bear markets. For many of these projects, they follow a recognizable boom-to-bust cycle and never return to their previous glory.

Ethereum Competitor Announces $230,000,0000 Token Sale After Surging 80% This Week

An Ethereum competitor has surged nearly 60%, hitting its all-time high this week, even while the majority of other crypto projects have moved sideways on the price charts.

Laos Authorizes Cryptocurrency Mining and Trading Activities

Laos has authorized a series of cryptocurrency mining and trading projects in the country, looking for another source of income to supplement the losses caused by the drop in tourism due to COVID-19 related measures. Six companies have been authorized to start cryptocurrency trading and mining operations in the country, according to the office of the prime minister.

$3M Worth ETH Stolen From SushiSwap’s MISO Token Platform

SushiSwap‘s developer reported that 864 ETH worth about $3 million was stolen from the MISO token platform.