TokenPost reporter
Mark Jason Alcala
Stories by Mark Jason Alcala
- Bitcoin is a rare wealth creation opportunity, says Ric Edelman
Edelman explained that BTC has already suffered declines of more than 70 percent in the past but it always managed to bounce back higher than before.
· Insights & Views
- Uzbekistan wants Bitcoin and crypto miners to use solar power
In terms of taxation, the new regulation is friendly for crypto miners as it won’t impose taxes on all mined cryptocurrencies.
· Regulation
- MicroStrategy’s Bitcoin stash soars to almost 130K BTCs after its recent acquisition
Microstrategy disclosed that it has increased its Bitcoin holdings by around 480 BTCs, which the company acquired between May 3, 2022, and June 28, 2022.
· Insights & Views
- Mercado Pago upgrades crypto services allowing users to receive Bitcoin, Ethereum, and Pax Dollar from third-party services
Mercado Pago has also enabled crypto transfers within the app last week.
· Business
- Kiyosaki remains bullish on Bitcoin and will buy more BTCs once crypto reaches a certain price level
While some investors are concerned about the possibility of another wave of correction, “Rich Dad Poor Dad” author Robert Kiyosaki remains long-term bullish on the crypto and will even buy more BTCs if it drops to a c…
· Insights & Views
- Morocco currently working on a crypto regulation bill
Bank Al-Maghrib (BAM), the Moroccan central bank, is currently working on a cryptocurrency regulation framework bill that will guide the digital assets market in the country.
· Regulation
- Crypto exchange Binance launches a new platform targeting institutional investors and VIPs
Binance Institutional offers tailored solutions built specifically for institutions such as execution and OTC services, asset management and custody, broker program, and liquidity program.
· Business
- SEC Chair’s confirmation that Bitcoin is a commodity welcomed by the crypto community
Gary Gensler said that Bitcoin is the only one he is comfortable publicly labeling as a commodity.
· Regulation
- Crypto market downturn could help weed out bad actors and unsustainable projects
Participants of the Point Zero Forum held in Zurich last week agree that that the crypto bloodbath could be bringing in something positive for the industry.
· Insights & Views
- Zuckerberg sees billions of people spending money on the metaverse
The Meta CEO hopes to get a billion people in the metaverse doing hundreds of dollars of commerce.
· Technology
- Ethereum’s switch to the proof-of-stake (PoS) model could reduce demand for GPUs
Ethereum blockchain’s upcoming shift from the current proof-of-work (PoW) consensus mechanism to a proof-of-stake (PoS) model, also known as the “Merge,” will remove the need for Ethereum (ETH) miners and reduce energ…
· Insights & Views
- No country can stop the crypto revolution, says British MP
Matt Hancock urged for an attractive tax structure on top of a liberal regulatory regime to help the U.K. become the jurisdiction of choice for crypto.
· Regulation
- Crypto exchange Coinbase to impose additional KYC requirements for Netherlands-based users
Coinbase users in the Netherlands who want to send crypto away from the exchange will be required to provide the recipient’s full name, residential address, and the purpose of the transfer.
· Regulation
- Bitcoin and crypto payments are now accepted by Swiss watchmaker Hublot and Prague’s Tram Line #42
Hublot accepts crypto payments for the Big Bang Unico Essential Grey edition watch which costs around $21,200 or around 1BTC at current prices.
· Digital Currency
- Bitcoin bottom fast approaching based on crypto miner capitulation and the Pi Cycle Bottom indicator
CryptoQuant senior analyst Julio Moreno explained that Bitcoin miners selling their stash, dubbed as the “capitulation event,” usually precedes the arrival of a market bottom based on past market cycle patterns.
· Insights & Views
- 24% of SMEs plan to accept payments in Bitcoin and other cryptos
More than half of the respondents (59 percent) said that they plan to transition to exclusively accepting only digital payments within two years.
· Business
- Here’s what experts say on buying the Bitcoin dip
A number of experts believe that Bitcoin is on discount right now.
· Insights & Views
- Singapore hints of harsher penalties for bad crypto behavior
An MAS executive said that the Singaporean central bank will be “brutal and unrelentingly hard” on bad behavior in the crypto industry.
· Regulation
- Crypto exchange Binance.US removes fees for Bitcoin spot trades
Under the new pricing model, Binance.US has removed fees on four spot market pairs such as BTC/USD, BTC/USDT, BTC/USDC, and BTC/BUSD.
· Business
- Bitcoin miner Bitfarms sells 3K BTCs as part of its new HODL strategy
Bitfarms sold almost half of its BTC holdings and used part of the proceeds to reduce its BTC-backed credit facility with Galaxy Digital LLC.
· Business
- Bitcoin recovers above $21K as Ethereum climbs past $1.1K
Bitcoin and Ether plunged below their respective support levels of $20,000 and $1,000 on Saturday.
· Insights & Views
- Demand for crypto from U.S. retail investors remain strong, says Bank of America survey
The survey, which was conducted in early June 2022, showed that 91 percent of the respondents plan on buying crypto such as Bitcoin (BTC) and Ethereum (ETH) in the next six months.
· Insights & Views
- Some high-profile crypto investors believe bottom is near as Bitcoin and Ether prices rebound
Bitcoin and Ethereum prices have already bounced back slightly after falling to their lowest levels on Wednesday.
· Insights & Views
- Crypto fund managers believe Bitcoin could go as high as $100K by yearend, says PWC report
Seventy five percent of survey respondents predict BTC to trade $50,000 or higher by the end of 2022.
· Insights & Views
- Top crypto exchanges in South Korea team up to prevent another Terra type collapse
Upbit, Bithumb, Coinone, Korbit, and Gopax, South Korea’s top five crypto exchanges, plan to create a consultative body whose goal is to prevent the recurrence of a token collapse similar to the crash of the $60 billi…
· Regulation
- Crypto exchange Binance explains Bitcoin withdrawal issue that lasted for more than 3 hours
BTC withdrawals resumed at 11:30am EST or around three and a half hours after CZ's initial tweet.
· Business
- Bitcoin adoption rate to reach 10% globally in 8 years
Blockware Intelligence predicts that BTC’s adoption will follow an S-Curve pattern just like past disruptive technologies.
· Insights & Views
- Hong Kong’s SFC warns investors of potential risks associated with NFTs
The regulator highlighted some of the risks associated with NFTs including illiquid secondary markets, volatility, opaque pricing, hacking and fraud.
· Regulation
- Number of countries exploring CBDCs rises threefold to 105 since 2021
The U.S. and the U.K. are the farthest behind on CBDC development among G7 member countries.
· Regulation
- South Korea will select four companies to participate in its 2022 Metaverse Content Creation Project
The four companies that will be selected as project participants will receive 200 million won (around $160,000) each.
· Regulation
- Bitcoin and Ethereum transfers to external wallets and exchanges now enabled in PayPal
With the ability to transfer Bitcoin, Ether, and other digital currencies, PayPal’s crypto offerings is now more in line with other popular crypto services and could potentially lure in more users into the platform.
· Business
- Bitcoin’s mining difficulty and Texas’s hot weather cause Argo’s BTC output to drop in May
Argo Blockchain reported a 25 percent decline in its Bitcoin output for the month of May compared to the previous month.
· Business
- Crypto miner Hut 8 adds 305 BTCs in May as it continues to hodl all mined Bitcoins
The Canadian crypto miner now holds 7,078 self-mined Bitcoin in reserve.
· Business
- Accepting crypto payments for local taxes could bring in the younger generation, says Australian mayor
Blockchain Australia Chairman Adam Poulton likened crypto to “just another form of money” with an exchange rate linked to the Australian dollar.
· Regulation
- Bermuda wants to become the next crypto hub
Despite the recent market downturn, the island territory is now aspiring to be among the top crypto hubs as well and has been actively expanding its crypto sector since 2017.
· Regulation
- Bitcoin, Ether, and other crypto payments now accepted by Chipotle
The fast casual restaurant change accepts 98 cryptocurrencies including Bitcoin (BTC), Ether (ETH), and Solana (SOL).
· Business
- Insurance firms are increasingly interested in crypto
U.S.-based insurers are leading the trend of increasing interest in crypto with 11 percent of U.S. respondents having indicated that they are either interested in or already have investments in crypto.
· Insights & Views
- UK Treasury proposes crypto regulations amendments to manage potential risks associated with stablecoin failures
While the Treasury recognized the importance of stablecoins, it also pointed out its potential to negatively impact financial stability in cases of systemic failures.
· Regulation
- Bank of Russia is open to using crypto for international settlements and changes stance on crypto mining
Support for cryptocurreny has grown within the government since the imposition of Western sanctions.
· Regulation
- New LUNA token regains momentum after listing on the crypto exchange Binance
The new crypto was listed under Binance’s Innovation Zone, a category meant for tokens deemed to “pose a higher risk than other tokens.”
· Investing