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Korean Civil Service Rewards Taxman who Found USD 32M in Hidden Crypto
24.6.2021
Hwang Byung-gwang (third from left). The South Korean tax service appears in a congratulatory mood after a series of swoops on high-band tax evaders unearthed millions of dollars worth of undisclosed crypto – and has rewarded a tax who uncovered a taxman dodger’s hidden USD 32.3m crypto stash.
Per...
Latest South Korean Tax Evasion Busts: Crypto Worth USD 47m Seized
23.6.2021
The South Korean crackdown on high-band taxpayers who have used crypto purchases to hide the scale of their earnings from the taxman has rolled on to the affluent Gyeonggi Province, catching some big fish – with crypto confiscated from rich doctors and TV stars.
Since gaining the powers they needed...
Bitcoin Dips Below USD 30,000
22.6.2021
The most popular cryptocurrency, bitcoin (BTC) dropped below the USD 30,000 threshold today, while altcoins bleed even more.
Last Tuesday, its price was c. USD 40,500. Since then, the price fell nearly 27% in a week, while in the last 24 hours, it's down more than 9% - trading at USD 29,732...
Bitcoin MicroStrategy: Down by USD 479M in 2021, Up by USD 676M in 10 Months
22.6.2021
US-based software developer and Bitcoin (BTC) supporter MicroStrategy has seen the value of its BTC investments this year dropping by around USD 479m, but it still increased by USD 676m in total in less than a year.
Per the June 21 press release, the company holds approximately BTC 105,085...
Stablecoin inflows to exchanges dip as traders watch Bitcoin from the sidelines
22.6.2021
Stablecoin inflows to exchanges tapered off as investors turned bearish on Bitcoin, but a surge in USDC minting could be a signal of upcoming regulation
$135K for December: Stock-to-Flow Creator Lays out Bitcoin’s ‘Worst Case Scenario for 2021’
21.6.2021
The pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has published his “worst case scenario for 2021” predictions on social media on Sunday. The analyst says there’s also a “more fundamental reason” to why bitcoin prices have been...
Economist Steve Hanke Warns Salvadoran Bitcoin Adoption Could ‘Completely Collapse the Economy’
20.6.2021
The professor of applied economics at Johns Hopkins University, Steve Hanke, has recently been criticizing bitcoin adoption taking place in El Salvador. Hanke doesn’t think it’s a good idea for the Latin American country to use bitcoin as legal tender and says it could “completely...
Decentraland Sees a Record USD 913,000 Virtual Land Sale
18.6.2021
Ethereum (ETH)-based open-world virtual reality (VR) game Decentraland just recorded the largest virtual land acquisition in its history. The buyer, virtual real-estate firm Republic Realm paid over USD 913,000 for 259 parcels of digital in-game land, paid in 1,295,000 MANA tokens.
The virtual...
Bitcoin Fluctuates Around USD 39K, Ethereum and Altcoins Recover Losses
17.6.2021
Bitcoin price failed to stay above the USD 40,000 pivot level and it extended its drop after the Fed news. BTC broke the USD 38,500 support, but the bulls protected USD 38,000. It is currently (04:58 UTC) trading around USD 39,000.
Besides, most major altcoins are recovering losses. ETH declined...
Bybit-backed BitDAO Announces USD 230M Funding Round to Fuel R&D
16.6.2021
The recently created decentralized autonomous organization (DAO) BitDAO says it has raised over USD 230m from a private sale funding round.
In a press release shared with Cryptonews.com, the DeFi group stated that it had received support from the likes of Peter Thiel, the Founders Fund, Pantera...
Fidelity Executive Believes Bitcoin’s Price ‘Bottom Is in’ After Last Month’s Market Carnage
15.6.2021
On Monday, Jurrien Timmer, director of global macro at Fidelity and co-manager of the Fidelity Global Strategies Fund, told his 56,000 Twitter followers his perspective on the current bitcoin prices. “In my view, it looks like the bottom is in,” the Fidelity executive explained, sharing...
Will Cardano (ADA) Ever Reach $100?
15.6.2021
Cardano is facing some difficulty in breaking the resistance zones and trading in a consolidated range has become frustrating for investors. Currently, ADA is sandwiched between Binance coin having a market cap of $57 billion and Dogecoin with a market cap of $42 billion. At the current valuations...
MicroStrategy Gets Another USD 500M To Spend on Bitcoin + More News
14.6.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
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Investments news
MicroStrategy confirmed that it has raised USD 500m in order to buy more bitcoin (BTC). They would spend USD 488m of this...
Bitcoin Breaks USD 41,000 While Paul Tudor Jones Doubles Down On It
14.6.2021
Paul Tudor Jones. Source: a video screenshot, Youtube, Goldman Sachs
After three weeks of being stuck below the USD 40,000 level, bitcoin (BTC) finally broke it and went even higher. Meanwhile, famous hedge fund manager Paul Tudor Jones says he certainly wants 5% of his portfolio in BTC.
BTC...
Bitcoin Rallies Again – Will It Cross $40000?
14.6.2021
The rise in interest and acceptance of El Salvador as their official currency was pushing BTC above the support levels, but the new possibility of being used as a currency for buying Tesla’s has created a huge impact on BTC. With some more positive news, Bitcoin price can move ahead to test...
Bitcoin Eyes USD 40K Amid Musk Statement, Taproot Confirmation
14.6.2021
The most popular cryptocurrency, bitcoin (BTC), almost touched USD 40,000 today as Tesla's Elon Musk send a positive message, while activation of an important Bitcoin upgrade was confirmed.
Monday morning (UTC time), BTC surpassed USD 39,800 before correcting lower. At 03:31 UTC, it trades at...
Cuba’s Central Bank Suspends US Dollar Deposits Nationwide – Officials Cite Embargo ‘Obstacles’
13.6.2021
The Republic of Cuba is suspending the use of U.S. dollars due to embargo restrictions with U.S. and foreign banks. The central bank of Cuba’s restrictions stems from the “obstacles that the U.S. embargo creates for the national bank system.” Cuba Bans USD Deposits, BCC Tells...
Solana Seeks to Fast-Forward Blockchain By Raising $314 Million
11.6.2021
Solana, a cryptocurrency startup, declared earlier on Wednesday that it had raised via a private sale a total of $314 million. Solana is amongst the world’s leading decentralized blockchain applications. Spearheaded by Andreessen Horowitz along with Polychain Capital, the token sale round has other...
Polkadot, Kusama Rally On USD 100M Parachain Lease Auction News
10.6.2021
Native tokens of sister networks Polkadot (DOT) and Kusama (KSM) have rallied today following a start of Parachain Auctions as Acala Network raised over USD 100m in KSM for its Karura network.
DOT has appreciated nearly 10% in the past 24 hours, and currently (09:30 UTC) trades at almost USD...
Ledger Valued At USD 1.5B, Plans DeFi Solutions, Own Operating System
10.6.2021
France-based major manufacturer of crypto hardware wallet Ledger said it has "ambitious plans" in DeFi and other new services as it raised USD 380m, valuing the company at more than USD 1.5bn.
"The Series C fundraising will allow Ledger to realize these ambitious plans by further...