More Aussie Crypto Traders Profiting, Country Moving to Largest Reform of Payments Systems

  Nearly 90% of crypto owners in Australia have either profited from trading in 2021, or broke even, with the number of women in the crypto-owning group doubling compared to 2020, according to a recent survey released by Aussie crypto exchange Independent Reserve.  To be more specific, a robust 89% of Australian crypto owners made money or have broken even this year in their trading activities, up from 78% in 2020.  \”In 2021, 59.6% of people reported making money with their crypto investments, up from 42.7% in 2020,\” the report…

Read More

Watch: 6 Crypto CEOs Testify About Threshold Issues, Bitcoin Mining, and More

  US lawmakers should take steps to bring crypto-related activities into the regulated financial system, while also developing a “national policy for a decentralized Web 3” as they did for Web 1 in the 1990s, Brian Brooks, CEO of Bitcoin (BTC) mining firm Bitfury, wrote in a testimony ahead of a hearing at the House Financial Services Committee today. He\’s one of the six executives that testified at the Digital Assets and the Future of Finance: Understanding the Challenges and Benefits of Financial Innovation in the United States hearing. Others…

Read More

Russian Senate, Gov’t Ministries & Central Bank to Create Crypto ‘Working Group’

  The Russian parliament’s upper house, the Federation Council (the equivalent to the American Senate), is stepping up its crypto regulatory efforts – and wants to get involved in the creation of new laws pertaining to the sector. As reported, last month members of the council hinted that crypto would not be frozen out of the Russian economy, and claimed that crypto may “have a future” in the country, adding that the upper house “studies [crypto], and collects analytics” on tokens.  But the council will now double down on this…

Read More

Regional CCP Chief Arrested Over Crypto Links as China Hunts Crypto Users

  A high-flying regional Communist Party official who was expelled from the party last month for allegedly supporting crypto miners has been arrested. Meanwhile, individuals are being caught sending money abroad using crypto. Per the Epoch Times and the Xinhua news agency, Xiao Yi, the former Vice Chairman of the Jiangxi Provincial Committee of the Chinese Communist Party (CCP) – a man once tipped for great things in the Chinese political sphere – is now behind bars. The Supreme People’s Procuratorate, China’s equivalent to the Prosecutor General’s Office in the…

Read More

Bitcoin Consolidates, Ethereum Inches Higher, LUNA Flips DOGE

Bitcoin price is struggling to settle above the USD 50,000 resistance. Ethereum targets USD 4,400, XRP is up almost 5%. LUNA jumped 13% and entered the top 10 club. Bitcoin price corrected lower and tested the USD 49,000 region. BTC is relatively stable and is currently (04:24 UTC) facing resistance near USD 50,000. A close above USD 50,000 may perhaps push the price towards USD 52,000. Besides, most major altcoins are gaining bullish momentum. ETH surpassed USD 4,350 and may perhaps gain strength above USD 4,400. XRP is up almost…

Read More

Aussie Crypto Exchange Sinks Amid Complaints, Missing Fund Allegations

  Australian crypto exchange myCryptoWallet has tanked following a wave of complaints by users and allegations of missing funds, potentially leaving behind countless customers deprived of access to their crypto assets.  Insolvency firm SV Partners has been appointed the liquidator of the troubled business, The Sydney Morning Herald reported.  The exchange’s website, which remains active despite its financial woes, advertises myCryptoWallet as “Australia\’s First Zero Fee Cryptocurrency Exchange,” and encourages users to buy, sell and trade cryptocurrencies such as bitcoin (BTC), ethereum (ETH),  and litecoin (LTC), among others, by using…

Read More

Nexo & Fidelity Partnership, Gibraltar\’s Blockchain Integration + More News

  Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________  Adoption news Crypto lender Nexo will partner with crypto-focused arm of US-based mutual fund giant Fidelity Investments, Fidelity Digital Assets, to offer custodial and lending services to institutional investors, including the launch of institutional-focused products, said the press release. The two will develop a comprehensive product suite and compliant infrastructure for institutional investors seeking exposure to digital assets. Crypto exchange Gemini plans to allow users in Colombia…

Read More

South Korea’s Potential Next President Calls Crypto ‘A Means of Trading & Investment’

  South Korea’s newly crypto-keen presidential candidate Lee Jae-myung has doubled down on his admiration for crypto: Fresh from telling the public that he was thinking of creating and issuing a national cryptoasset, the ruling Democratic Party presidential nominee has heaped more praise on crypto as an asset class. Lee will go head-to-head with Yoon Seok-yeol, the nominee for the main opposition People’s Power Party nominee, in a general election to be held on March 8. Although other candidates are standing, they are expected to garner a small fraction of…

Read More

Bitcoin and Ethereum Take a Pause, BTT and XTZ Rally

Bitcoin price is struggling to clear the USD 52,000 resistance. Ethereum struggled above 4,400, XRP is consolidating above USD 0.80. BTT extended its rally by 26%, while XTZ jumped 32% in a day. Yesterday, bitcoin price started a steady recovery wave above the USD 50,000 level. BTC even cleared the USD 50,500 and USD 51,200 resistance levels. It is currently (04:28 UTC) facing resistance near USD 50,500 and might move lower. Besides, most major altcoins are losing steam. ETH topped near USD 4,420 and is currently correcting gains. XRP failed…

Read More

Visa Doubles Down on Its Crypto Bet, Launches Crypto Consulting Service

  Multinational financial services giant Visa is pushing deeper into the booming crypto market, launching crypto advisory services to help clients understand various segments of the crypto industry. In an announcement, the payment network acknowledged that \”digital currencies are taking greater hold in the popular consciousness,\” which creates the need for trustable advisory services that can help those eager to adopt crypto first understand the ecosystem. The firm also noted that it aims to provide advisory services with regard to non-fungible tokens (NFTs) and for central banks exploring digital currencies,…

Read More