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Amid the initial buzz, some exchanges rushed to list a derivative of the potential blockchain’s would-be token, including crypto exchange Poloniex. Sun, an investor in Poloniex, became one of the loudest proponents of the proof-of-work fork of Ethereum, saying that it is a tried-and-tested system for the second largest blockchain. Source
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Bitcoin (BTC) rose rapidly later on Aug. 26 as fresh economic data from the United States furthered hopes of a pivot from the Federal Reserve.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin bounces but preserves intraday trendData from Cryptox Markets Pro and TradingView tracked a 3.55% rise for BTC/USD on the day,
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Australian indie game developer Grease Monkey Games, a subsidiary of Animoca Brands, has received received financial support from video-game giant Epic Games to develop a new blockchain-based motorsport game Torque Drift 2Receiving an Epic MegaGrant from the Fortnite developers, the funding will be used to develop the motorsport title, which
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According to the banking regulator, minimizing risk by disconnecting crypto-related consumers may represent a "threat" to financial integrity. The Reserve Bank of South Africa's Prudential Authority advised its subsidiaries to avoid illegal activity, asking banks not to terminate all links with bitcoin. It implied that such an act might pose a
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Bitcoin extended losses below the $23,650 support zone against the US Dollar. BTC must stay above $23,200 to avoid more losses in the near term. Bitcoin remained in a bearish zone and traded below the $23,650 support. The price is now trading below the $23,650 level and the 100 hourly simple moving
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Federal Reserve Governor Michelle Bowman says she supports ongoing 75 basis point interest rate hikes “until inflation is on a consistent path to significantly decline,” citing “a significant risk of high inflation into next year for necessities including food, housing, fuel, and vehicles.” The Fed governor also noted that crypto
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MIAMI — AntPool, the mining pool affiliated with mining rig giant Bitmain, has invested $10 million to support the Ethereum Classic ecosystem and plans to continue investing more, the pool's CEO, Lv Lei, said at Bitmain's World Digital Mining Summit on Tuesday. Source
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The Financial Planning Association of Australia (FPA) has shown its support for the “crypto rule book” idea and called for regulating exchanges instead of crypto assets.In May, the Australian Law Reform Council (ALRC) proposed to tackle crypto regulation through a rule book-style framework which sets out a series of gradually
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The Russian Ministry of Finance is ready to back the legalization of transactions with stablecoins in Russia, according to a high-ranking representative. While the ministry recognizes that cryptocurrencies could lay the ground for a new financial system, the department is unsure if it will be better than the current one. Russia’s
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Another business jumps aboard the Bitcoin bandwagon. Octagon Networks, a global cybersecurity network company with over 20 employees announced on June 6 that it had “finished the process of converting its liquid assets and entire balance sheet into Bitcoin (BTC).” The group will also “start accepting Bitcoin payments for all of
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