Tag: News

Caribbean Islands, Dubai, Mumbai — Bitcoin Cash Adoption Continues to Swell Worldwide – Featured Bitcoin News

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Bitcoin cash supporters are known for spreading adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption throughout the islands of the Caribbean, alongside places like Dubai, and Mumbai. Bitcoin Cash Advocates Continue to Promote Peer-to-Peer Crypto Adoption According to the web page map.bitcoin.com, there are thousands of merchants worldwide that accept bitcoin cash (BCH) for goods and services. Moreover, if one was to visit the Reddit forum r/btc, they would notice a great deal of posts highlighting adoption in…

South Korean authorities move to clean up and cool down cryptocurrency markets

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io You can watch this video at Are the brakes being put on Korea’s cryptocurrency craze? The government recently confirmed a plan to impose a 20 percent income tax on capital gains from cryptocurrency transactions starting next year. Now, this is a very sensitive subject that reaches right to the heart of fundamental social obstacles facing younger people in particular. So, what’s going on? ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Japan Adopts Legislation Establishing Legal Framework for Stablecoins – Regulation Bitcoin News

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The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of UST Collapse Lawmakers in Japan have passed a bill designed to determine the legal status of stablecoins. The authors of the legislation have effectively defined these cryptocurrencies as digital money, Bloomberg reported following the vote on Friday. With the new law, Japan becomes…

Apecoin Community Votes on Keeping APE Token in the Ethereum Ecosystem – Altcoins Bitcoin News

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The Apecoin community is in the midst of discussing whether or not the crypto asset should remain within the Ethereum ecosystem. While AIP-41 voting started today, the proposal’s voting process will end on June 8, 2022, at 9 p.m. (ET). Meanwhile, the project’s native token APE has lost 57% against the U.S. dollar in the last 30 days. Apecoin Community Begins Voting on Whether or Not Asset Should Remain Operating on Ethereum This week the Apecoin community is voting on whether or not the native token apecoin (APE) should remain…

New York Bill That Aims to Establish a Bitcoin Mining Moratorium Awaits Governor Hochul’s Signature – Mining Bitcoin News

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The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul. New York PoW Mining Moratorium Legislation to Be Delivered to Governor Kathy Hochul’s Desk, Crypto Advocates Say the Bill Is a ‘Significant Setback for the State’ New York-based lawmakers have submitted a bill that aims to ban PoW mining operations that leverage carbon-based…

LABEL Foundation Integrates With Binance Custody to Offer Cold Storage Support for $LBL Token – Press release Bitcoin News

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press release PRESS RELEASE. LABEL Foundation has announced that it has officially integrated with Binance Custody to take advantage of their highly secure cold storage solution. With this integration, LABEL’s native tokens can be kept safely as the $LBL is now supported by Binance Custody and the tokens are safely stored using their institutional and insured cold storage feature. Moreover, both BEP-20 and ERC-20 are available for deposits as well as withdrawals. If all goes well, the LABEL team hopes to further expand its partnership with the Binance ecosystem in…

El Salvador Treasury Minister States Ukraine-Russia Conflict Disrupted Bitcoin Prices, Volcano Bonds Still on Hold – Bitcoin News

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Alejandro Zelaya, Treasury minister of El Salvador, explained that the conflict happening currently between Ukraine and Russia has influenced the price of bitcoin on international markets, disrupting it. Due to this disruption, Zelaya also stated that it was not feasible to issue the volcano bonds yet, which are to finance the construction of the Bitcoin City announced last year by President Nayib Bukele. Treasury Minister of El Salvador Says Conflict Is Affecting Bitcoin Price Action Military conflict and geopolitical unrest might be affecting the performance of the price…

WAVES up Over 120% in the Last Week, XLM Moves Towards 3-Week High – Market Updates Bitcoin News

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WAVES was once again higher on Friday, with prices now gaining by over 120% in the last seven days. While WAVES soared, XLM also had a stellar showing, as it moved closer to a three-week high on Friday. WAVES While crypto markets have been either falling or consolidating over the past week, WAVES has continued to surge, climbing by over 120% in that time. On Friday, prices rose for a seventh consecutive session, hitting an intraday peak of $10.47 in the process. This move comes as prices marginally passed resistance…

Binance Labs Launches $500 Million Web3, Blockchain Fund – Bitcoin News

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Binance Labs, the venture capital arm of the leading crypto exchange, has announced the launch of a new fund that will focus its action on Web3 and blockchain technologies. The fund, which will launch with $500 million in capital, will invest in companies that take cryptocurrencies and extend their use cases using Web3 and other technologies. Binance Labs to Invest $500M in Web3 and Blockchain Startups Binance Labs, the investment and VC organization of the cryptocurrency exchange, has announced a new round of investments seeking to diversify its…

BTC Gains Prior to NFP Report, Following a Cross of Moving Averages – Market Updates Bitcoin News

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Bitcoin was once again trading above $30,000, as markets were anticipating the release of May’s non-farm payrolls report. Whilst BTC was back in the green, ETH continued to trade lower, and as of writing is below $1,800. Bitcoin Following a drop in price on Thursday, BTC was back in the green on Friday, as traders were preparing for the release of the non-farm payrolls report. After adding 428,000 jobs in April, markets are expecting 325,000 jobs to be added to the U.S. economy in May. The speculation on what this…