TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Adoption of crypto such as Bitcoin as legal tender carries ‘significant risks,’ says IMF
The IMF said that “cryptoization,” or the use adoption of cryptocurrency as a national currency, might not be the best route for countries wanting to boost their economies.
· Regulation
- Intel’s Arc GPU’s won’t limit crypto mining hashrate
There are no hardware or software-based hashrate limits on the new GPUs, which means that while they are targeted for the gaming market, they can still be used in crypto mining.
· Technology
- Venezuela’s Simón Bolívar International Airport to accept Bitcoin and other cryptos as payment for tickets
Once the airport’s crypto payment system is operational, it will support major cryptocurrencies such as Bitcoin, Dash, and the Petro, Venezuela’s oil-pegged crypto.
· Technology
- Russia won’t likely restrict citizens from trading in Bitcoin and other cryptos
While Russia bans crypto payments, the country won’t follow the footsteps of China and won’t issue a sweeping ban on crypto trading.
· Regulation
- Portuguese investors can now trade in 95 cryptos with the launch of Criptoloja’s online crypto trading
Portugal’s first licensed crypto exchange is now making it easier for users to trade in digital currencies such as Bitcoin (BTC) and Ethereum (ETH) with the launch of its online trading service.
· Investing
- YouTube blocks Bitcoin bull Anthony Pompliano’s channel
While YouTube later reinstated his channel, the crypto enthusiast complained that the company did not offer any explanation for its action.
· Business
- Sri Lanka sets up committee on blockchain and crypto mining
The newly established committee will study the regulations and initiatives of other countries such as Dubai, Malaysia, the Philippines, the EU, and Singapore, etc., and propose a suitable framework for Sri Lanka.
· Regulation
- Crypto exchange Binance disables futures, options, margin, and leveraged tokens in South Africa
Binance clients in South African will also not be able to open new accounts for futures, options, margins, or leveraged tokens.
· Business
- Nuclear engineer and wife face charges for attempting to sell restricted data for Monero
The couple received a total of $100,000 in crypto (Monero) before their arrest.
· Technology
- MoneyGram plans to roll out a USDC stablecoin-based payment system by 2022
The blockchain-based system will be gradually rolled out to MoneyGram’s 150 million users worldwide by 2022 and will act as a bridge between crypto and local currencies.
· Business
- Increasing crypto allocations in portfolios can lead to higher returns, says study
A new study now suggests that diversifying with the inclusion of crypto assets has been shown to positively impact the performance of investment portfolios.
· Investing
- Bitcoin rallies past $50K as institutions turn to BTC as inflationary hedge instead of gold
The crypto was able to sustain its upward momentum as BTC’s price continued to soar and traded at $55,251.37 at the time of writing while restoring its market. capitalization above the $1 trillion mark.
· Investing
- Riot Blockchain Bitcoin production up 346% YOY after mining 406 BTC in September 2021
The crypto mining firm also announced that it produced a total of 2,457 BTC from January to September this year.
· Business
- Russian plans to limit crypto trading for non-accredited retail investors
The planned restriction on crypto purchases is aimed at protecting retail investors from potential losses due to “emotional” crypto purchases.
· Regulation
- Crypto exchange CoinSwitch Kuber becomes India’s most valued crypto company after raising $260M
The crypto exchange is now India’s most valued crypto company at $1.91 Billion!
· Business
- Bank of America is bullish on crypto and says it’s too large to ignore
While critics remain doubtful of crypto’s longevity, Bank of America (BoA) revealed its bullish outlook on the long-term prospects of digital currencies.
· Insights & Views
- Crypto transaction activity in Central & Southern Asia and Oceania rose by706% in one year
Chainalysis estimates that CSAO’s cryptocurrency market’s transaction value between July 2020 and June 2021 is around $572.5 billion, representing 14 percent of the global transaction value.
· Insights & Views
- Bitcoin soars past $50K for the first time since September 7
Bitcoin traded at $50,047.15, up more than 5 percent in the past 24 hours.
· Investing
- Hackers stole crypto from 6,000 Coinbase accounts between March and May 2021
The crypto platform revealed that there was a vulnerability in the SMS account recovery process that allowed the cybercriminals to sabotage the recovery procedure.
· Technology
- Crypto exchange Upbit to stop trading services for unverified users
Upbit, one of the largest exchanges in the country, announced that it will soon be halting some of its services for unverified users to comply with Anti-Money Laundering (AML) requirements.
· Business
- El Salvador residents enjoy a $0.20 per liter fuel subsidy if they pay in Bitcoin using Chivo crypto wallet
To promote the use of Bitcoin among its residents, the government has introduced a fuel subsidy for locals who use BTC to pay for their petrol.
· Regulation
- Crypto miner Argo to expand Bitcoin mining capacity to 3.7 exahash by next year
Argo Blockchain announced the purchase of 20,000 Bitmain Antminer S19J Pro machines that would more than double its computing hashrate by next year.
· Business
- South Korea’s conflict of interest rule prohibits VASP staff from trading in their tokens
Crypto firms are required to set up their own internal processes to monitor potential breaches of the conflict of interest rule within one month.
· Regulation
- Bitcoin miner manufacturer Bitmain to suspend sales to Chinese crypto miners
Bitmain, one of the largest Bitcoin mining equipment manufacturers in the world, is reportedly planning to exit from the Chinese market.
· Regulation
- Crypto can’t be destroyed but governments can slow it down, says Elon Musk
Musk believes that government intervention might be able to slow down crypto's development.
· Insights & Views
- FINMA grants first Swiss crypto custody license to SEBA
SEBA Bank AG just became the first financial institution to gain the approval of a Swiss crypto custody license. The Swiss-based crypto services-focused bank announced that it secured the approval of a CISA license fr…
· Regulation
- Alibaba to suspend the sale of crypto miners on its platform starting Oct 8
Alibaba to suspend the sale of crypto miners on its platform starting Oct 8
· Business
- Northern Data set to become leading crypto miner with its acquisition of Bitcoin miner Bitfield N.V.
Northern Data projects that once the full deployment of its crypto miners is completed by the first quarter next year, its mining capacity will rise to approximately 3 exahashes.
· Business
- Bitcoin could rise 10x in five years, says JPMorgan CEO
While Jamie Dimon has not yet changed his stance on BTC, he still did not discount the possibility for BItcoin’s value to rise by 10 times in five years.
· Insights & Views
- Crypto exchange Binance to stop some of its offerings to Singapore users
Starting October 26, Singapore-based users will no longer be able to access fiat deposit services, liquid swap, crypto spot trading, and buy crypto through fiat channels on its website.
· Regulation
- City-based crypto MiamiCoin rises 10x since launch, says Mayor Francis Suarez
The MiamiCoin is going mainstream faster than Bitcoin, according to Mayor Suarez.
· Business
- Hive Blockchain’s crypto mining income rose by 174% to $66.7 M
The company also reported a record net income of $42.5 million for the period, a significant improvement from last year’s loss of $1.9 million.
· Business
- Bitcoin slides as Chinese authorities ban crypto trading and tighten mining restrictions
The total value of the crypto market fell by 9 percent to a low of around $1.8 trillion on Friday at 7:15 a.m. EDT losing $188 billion within three hours after China’s recent crackdown on crypto mining and trading.
· Regulation
- Twitter users can now use Bitcoin to send and receive tips
Users need to open a Strike account and add their Strike username to their Twitter account before they start tipping in Bitcoin.
· Business
- Binance to cease crypto derivatives trading for existing Australian users in 90 days
Crypto exchange Binance will no longer offer futures, options, and leveraged tokens to Australian clients.
· Regulation
- 40% of Salvadorians are familiar with Bitcoin, says study
Nine percent of the respondents said they are familiar with Ethereum (ETH), 8 percent chose Litecoin (LTC), 5 percent chose Dogecoin, and 1 percent chose EOS.
· Insights & Views
- Robinhood to test crypto wallet feature in October
Robinhood decided to make its wallets custodial due to concerns about security versus user experience, which means that the company will be responsible for the keys to the wallets.
· Business
- Bitcoin mining to account for only 0.9% of total CO2 emissions by 2030, says NYDIG study
Energy consumption and carbon emission due to Bitcoin mining activities are not that significant when compared to the global emission and consumption figures.
· Technology
- Bitcoin is eating away at gold’s market share, says commodity strategist Mike McGlone
Mike McGlone believes that BTC could be primed for a rally this year after the crypto market’s massive correction.
· Insights & Views
- Bitcoin bull Mike Novogratz ‘not nervous’ about BTC’s recent correction
While the sudden drop might have shaken some investors, Novogratz isn’t worried about the crypto’s long-term prospects, citing the continued investor interest has not waned despite the volatility.
· Insights & Views