Bitcoin price gained bullish momentum above the USD 38,500 resistance level. BTC even cleared USD 40,000 to move further into a positive zone. It is currently (04:30 UTC) consolidating gains and it might resume its upward move above USD 41,000. Besides, most major altcoins are slowly moving higher. ETH surpassed the USD 2,550 resistance and it is now facing hurdles near USD 2,650.
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Here’s the nitty-gritty on Taproot, a Bitcoin update that promises more privacy and lower transaction fees….
Continue reading on https://decrypt.co/70598/what-is-taproot-proposed-bitcoin-upgrade
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Investment bank Goldman Sachs has reportedly unveiled its plans to expand its cryptocurrency desk to offer ether futures and options trading. The bank says “institutional adoption will continue,” noting that “Despite the material price correction, we continue to see a significant amount of interest in this space.” Goldman Sachs Gets Ready to Offer Ether Futures […]…
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South Korean crypto exchanges have been given a short extension in their race to get anti-money laundering (AML) protocols in place – although the nation’s top regulator has promised to place the industry under “intense scrutiny” in the months ahead. The nation’s first piece of crypto-specific legislation – aimed primarily at policing exchanges – promulgated…
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Biden Administration to require banks/exchanges/blockchain/crypto/defi companies to report Crypto transactions over $10,000 to the IRS. Thailand SEC Cracks Down: Effective June 11, 2021, Meme Tokens (Such as Doge), Fan Tokens, NFTs and Exchange Tokens cannot be traded in Thailand. Regulation fears one reason for the recent crypto dip. Some worry more regulation will cause further declines for all cryptocurrencies.
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Bitcoin remittances to El Salvador jumped more than fourfold in May from the previous year, according to data from blockchain analytics firm Chainalysis. Last week, El Salvador passed a bill making bitcoin legal tender in the country alongside the U.S. dollar. The monthly bitcoin transfers of under $1,000 to El Salvador totaled $1.
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Cyberthreats related to cryptocurrencies have increased with rising demand for the digital assets, a study has concluded. Russia, Thailand and Peru are the most affected countries by malicious attacks designed to exploit the heightened interest in decentralized money, the authors point out. Booming Crypto Markets Bring Out Cybercriminals Despite the ongoing Covid pandemic still leading […]…
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The Wall Street giant is getting ready to move beyond Bitcoin….
Continue reading on https://decrypt.co/73579/goldman-sachs-ethereum-options-futures
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Disclaimer: The text below is a press release that was not written by Cryptonews.com.
The DeFi sector has undergone somewhat of a boom over the last years. The advancement in blockchain technology and a global distrust of the traditional banking system, has meant that the Decentralized Finance sector, according to Statista, had more than 80 billion USD of crypto locked in during May 2021, a…
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Courtesy of Coindesk
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