Market Recovers After Drop, WaltonChain Surges 30%

In the past 24 hours, the Bitcoin price has recovered from $6,800 to $7,000, as buy pressure in the higher region of $6,000 prevented a further fall to mid-$6,000. As bitcoin price rebounded and averted a large drop to $6,500, most tokens and small market cap cryptocurrencies recovered, pushing the valuation of the cryptocurrency market […]

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WeChat, Alipay to Block Crypto Transactions on Payment Platforms

Chinese mobile payment platforms WeChat Pay and Alipay are scrambling to keep up with regulators after recent announcements regarding initial coin offerings (ICOs) and cryptocurrencies. Both payment giants have said that they will work with the government agencies closely to monitor cryptocurrency transactions, according to news releases on August 24. As CoinDesk reported on Friday, […]

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SEC Delays VanEck-SolidX Bitcoin ETF Decision to September

The U.S. Securities and Exchange Commission (SEC) has delayed a decision on a proposed bitcoin ETF, pushing its final determination ahead by more than a month. In an order published on August 7, officials at the agency wrote that they were giving themselves more time to deliberate on whether to approve what would be the […]

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Australian Tech Entrepreneur Plans Crypto Bank Launch

Fred Schebesta, a 26-year old entrepreneur who co-founded comparison website Finder.com, wants to open a crypto bank in Australia. Schebesta believes that interest in cryptocurrency is growing and soon people will need an institution which can fulfill their crypto needs. Bitcoin is Not a Bubble In an interview with Australian news website News.com.au, Schebesta said that […]

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Congressman’s Call for Crypto Ban Sparks Social Uproar

In the span of a few hours, it became Crypto Twitter vs U.S. Representative Brad Sherman. On Wednesday, Congress hosted a pair of back-to-back hearings on the topic of cryptocurrencies (read CoinDesk’s coverage here and here), which notably saw Rep. Sherman – no stranger to controversy among crypto circles – call for a blanket ban […]

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Cryptocurrency Concept Is a ‘Fallacy’ Says Finnish Central Bank Advisor

“The analysis shows that the concept of a digital currency is a fallacy.” Using digital currencies synonymously with the term cryptocurrencies, a paper published by the Bank of Finland and written by one of its advisors argues that cryptocurrencies aren’t real forms of money. According to Aleksi Grym, the central bank’s digitalization advisor, cryptocurrencies are […]

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Crypto Tracking Site CoinMarketCap Gets an Update

One of the most popular websites for cryptocurrency price data announced a series of changes on Wednesday. CoinMarketCap said that it has beefed up its coin watchlist feature as well as updated its mobile-focused search function “to make it easier to access.” Today we have released style changes across the site. Additionally, there is a […]

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Twitter to Ban Cryptocurrency-Related Ads, With Limited Exceptions: Report

Join our community of 10 000 traders on Hacked.com for just $39 per month. Twitter may be the next platform to ban cryptocurrency-related ads, following the footsteps of Google and Facebook. According to Sky News, Twitter’s ad ban would go into effect in two weeks. The microblogging platform will reportedly block ads from initial coin […]

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Venezuela’s National Assembly Declares Petro Unconstitutional

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. Venezuela’s Assemblea Nacional [National Assembly] recently declared it believes the country’s oil-backed cryptocurrency, the Petro (PTR) is unconstitutional. Through a public statement, the lawmakers denounced the cryptocurrency as a fraud, and a threat to those who invest in it. In the public […]

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