TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Indian crypto ban might not happen as government reevaluates its stance on digital currencies
Discussions are ongoing on the creation of a new panel after the recommendations made by the committee headed by former finance secretary Subhash Garg are now increasingly viewed as outdated.
· Regulation
- Nvidia limits Ether (ETH) mining hash rate on the new batch of GeForce RTX 3080, RTX 3070, and RTX 3060 Ti GPUs
The company is putting an Ethereum hash rate limiter on the hardware to make them less desirable to crypto miners that mine Ether (ETH)
· Technology
- Bitcoin (BTC) drops to its lowest in 3 months after China’s crypto warning
Bitcoin is at its lowest since February after plunging by 12.99 percent in the past 24 hours and lost by around 39 percent from its all-time high of $64,829.14.
· Investing
- Nasdaq-listed crypto exchange Coinbase to raise $1.25B via the issuance of debt securities
The debt instruments will only be made available to institutional investors through a private offering.
· Business
- Bitcoin (BTC) pullback could be over and crypto poised to resume its uptrend based on this technical indicator
Bitcoin’s (BTC) market correction might soon be over and the crypto could resume its uptrend based on the relative strength index (RSI).
· Insights & Views
- MicroStrategy adds $10M of Bitcoin (BTC) to its treasury as crypto’s price drops
MicroStrategy buys the dip and is taking advantage of Bitcoin's lower price to accumulate.
· Investing
- FDIC wants to know U.S. banks’ current and potential roles in the crypto market
The FDIC seeks to improve its understanding of the use cases of cryptocurrencies in financial markets, intermediation, settlements, and payment systems.
· Regulation
- Risks associated with CBDCs must be properly managed or they may be disruptive to financial systems, warns Fitch
The benefits of CBDC's include their potential to include underbanked communities into the financial system.
· Regulation
- Crypto investment scam losses rose more than ten-fold to $80M, says FTC
The Federal Trade Commission received nearly 7,000 reports from consumers that involved crypto investment scams from October 2020 to March 2021.
· Insights & Views
- New crypto investors panic sold Bitcoin (BTC) while more season long-term investors buying in the dip
While new entrants sold their BTC holdings, long-term investors took the correction as an opportunity to accumulate more Bitcoins at a lower price.
· Insights & Views
- Elon Musk asked to sell his Bitcoin (BTC) in an online petition
A Change.org petition claims that Musk's criticism of Bitcoin while promoting Dogecoin could harm retail investors.
· Insights & Views
- Personal data leak affecting 10K Vietnamese might be linked to a mobile crypto mining app
The hacker is asking $9,000 in BTC or LTC for the leaked data.
· Technology
- Iran to impose heavy fines on crypto miners found using household electricity
The Iranian government imposed strict measures to curb unauthorized crypto mining in the country.
· Regulation
- Bitcoin (BTC), Ether (ETH) plunge but smaller-cap altcoins set new ATHs over the weekend
Smaller-cap altcoins such as MATIC and ADA set new all-time highs on Sunday.
· Investing
- Elon Musk clarifies Tesla has not sold any BItcoin
Musk's one-word response to a tweet started speculations that Tesla plans to sell or might have already sold its BTC holdings.
· Business
- Musk’s Bitcoin (BTC) comments haven’t changed anything, says Norwegian firm
Unlike Tesla, Norwegian firm Aker says it is open to accepting Bitcoin payments.
· Business
- Bitcoin (BTC) uses less power than the banking and gold industries
New technologies that require more power consumption will come up along with human advancement.
· Insights & Views
- Square’s Bitcoin (BTC) strategy remains unchanged
The fintech company reiterated that it is not making any changes in its BTC buying strategy as it continues to 'assess our bitcoin investment on an ongoing basis.'
· Investing
- Bitcoin, other cryptos now accepted as payment for utilities in the North Dakotan City of Williston
The city plans to expand the crypto payment option in the future for licenses, permits, and landfills.
· Business
- Thai publicly-listed firm announces $6.6M Bitcoin investment
The Brooker Group's set a 1.5 billion baht ($48 million) cap for the company's crypto investments.
· Business
- Indian banks asked to cut ties with crypto exchanges and traders
The Reserve Bank of India has reportedly informally asked financial institutions to sever their ties with entities involved in crypto-related businesses.
· Regulation
- Crypto exchanges required to submit monthly transactions reports and wallet balances to Argentinian tax agency
Platforms will need to submit monthly reports that includethe list of accounts with which they identify each of the clients; registrations, cancellations, and modifications that occur; total amounts of income, expense…
· Regulation
- 30% of Americans believe Dogecoin is the new Bitcoin (BTC), says survey
More than 1 in 4 people also believe that Dogecoin is the future.
· Insights & Views
- Bosnia and Herzegovina’s crypto regulatory framework in the works
A bill is being drafted that aims to establish the first crypto regulatory in the country.
· Regulation
- Bitcoin (BTC) likely to continue its dominance over other cryptos as the top store of value asset, says Stanley Druckenmiller
As a 14-year-old brand, BTC has been around long enough that it's difficult to unseat it as a store of value asset.
· Insights & Views
- Bank of Korea wants stronger monitoring power on crypto transactions
If the BOK gains approval from lawmakers, the central bank could start its strict oversight on crypto trading by September 2021.
· Regulation
- Crypto investors can buy and sell Bitcoin (BTC) with cash at MoneyGram's 12,000 outlets
MoneyGram partnered with crypto exchange Coinme to make it faster and easier for people who prefer to use cash to buy and sell Bitcoin.
· Business
- Tesla could replace Bitcoin (BTC) with these energy-efficient cryptocurrencies
While Tesla announced halting Bitcoin payments, Elon Musk also hinted that the company might replace it with another crypto.
· Insights & Views
- Ether (ETH) could rise above $19K by 2025, says Finder.com’s cryptocurrency panel
The crypto panel also predicted that ETH could rise to $4,512 by the end of 2021.
· Insights & Views
- Crypto market could be facing a broad correction, warns Vanda Research
Vanda Research’s partner and senior strategist Ben Onatibia likened the current crypto market situation to that of the 2017 market rally.
· Insights & Views
- Telsa suspends Bitcoin payments causing BTC’s price to crash
Elon Musk cited environmental concerns for Tesla's decision to halt accepting BTC as payment.
· Business
- Ether (ETH) sets major milestone as crypto’s market cap soars past $500B for the first time
On Wednesday, May 12, 2021, Ether set another record when it surged as high as $4,346.
· Investing
- Bitcoin (BTC) payments now accepted by Palantir as company mulls holding crypto in its balance sheet
Palantir confirmed having internal discussions about holding Bitcoin and other cryptos.
· Business
- NFTs can now be listed and bought on eBay
eBay will only allow NFT creators who meet the company’s standards to list their digital collectibles.
· Business
- Hungary eyes Bitcoin and crypto tax reduction by half next year
The Hungarian government is considering the possibility of reducing taxes on crypto trading by half in 2022
· Regulation
- Dogecoin owners can earn interest on their idle crypto on the Gemini exchange
A customer’s idle Dogecoin balance will earn 2.25 percent APY (annual percentage yield), which is earned and compounded daily.
· Business
- Bank of Israel accelerates research on potential issuance of a CBDC called the digital shekel
While the bank acknowledges the risks associated with issuing its CBDC, it hinted that it is inclined to go ahead with the plan if benefits outweigh those risks.
· Regulation
- Dogecoin (DOGE) could become 2nd crypto after Bitcoin (BTC) to be accepted by Tesla as payment
Elon Musk posted a poll Twitter asking the social media platform's users whether Tesla should accept DOGE as payment.
· Business
- Crypto phishing scams on the rise in South Korea
Authorities have already blocked 32 phishing sites that targeted crypto owners in the past three months.
· Regulation
- Crypto investors being targeted by South Africa’s tax agency to boost its revenue collection
The South African Revenue Service has already started asking information on crypto transaction in its audit letters to taxpayers.
· Regulation