Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, argued that Russia needs to adopt new laws to protect retail investors from the potential losses of investing in crypto, local news agency Interfax reported Oct. 6. To this end, lawmakers in the country’s parliament are reportedly considering new legislation to limit cryptocurrency
Bitcoin (BTC) should see a “large” price increase thanks to a rare bullish phenomenon that has just hit for the first time in seven years. In his latest update on Bitcoin’s relative strength index (RSI), popular Twitter analyst TechDev flagged major similarities between this year and the 2013 BTC bull run. Stochastic RSI sees “especially bullish
The Ukrainian president has sent the recently adopted law “On Virtual Assets” back to the Verkhovna Rada, the country’s legislature. The head of state has come up with his own suggestions and opposed the establishment of a new regulatory body that would require additional financing. Setting Up New Crypto Market Regulator Will Be Expensive, Zelensky
Bitcoin (BTC) surged even higher on Oct. 6 as its spot price saw a sudden surge upward to over $55,000, its highest since May 12. Bitcoin fully cancels out China mining rout Data from Cointelegraph Markets Pro and TradingView shows BTC/USD hurtling to $55,500 on Oct. 6. The level beats a previous line in the sand
Following an overwhelming positive response to a Twitter poll on Sept. 21, CEO of AMC Theater, Adam Aron announced Wednesday that the chain would officially accept Dogecoin payments for digital gift cards via BitPay Wallet. The Dogecoin community — notoriously passionate for adoption initiatives — tweeted in droves to advocate for the asset’s integration within
Ethereum-based decentralized blogging platform Mirror has opened its doors to the wider public after months of running vote-based contributions only. Mirror was launched in December 2020 to enable selected writers to publish on the decentralized blogging platform. Contributors could gain access by getting voted for in weekly competitions using the platform’s native token WRITE, with
Volodymyr Zelensky, president of Ukraine, has delayed the signing of the bill that would establish the nation’s regulatory framework around digital assets. The draft law, entitled “On virtual assets,” secured parliamentary approval on Sept. 8. However, according to an Oct. 5 statement issued by the presidential office, Zelensky remitted the legislation back to the parliament
EOS began a descending trend 53 days ago and despite the recent 27% weekly gain, the altcoin is not showing any signs of a reversal. As a result, investors are questioning whether the former top-5 cryptocurrency has what it takes to turn around after Daniel Larimer, CTO of the development company behind EOS, resigned in
The CEO of the world’s largest movie exhibition company, AMC Entertainment, has announced “huge news” for dogecoin fans. While his company works on accepting cryptocurrencies, he said that customers can now “buy AMC Theatres digital gift cards … with dogecoin and other cryptocurrency.” AMC Accepts Cryptocurrencies for Gift Cards After announcing that AMC will “figure
Protocol upgrades are one of the biggest drivers of momentum because they show developers’ dedication to fixing bugs, incorporating user requests and adding new features that make the protocol competitive and shore up the token’s value. One project that has seen its token price rally to a new all-time high following the launch of a
Bitcoin’s (BTC) meteoric rise above $50,000 this week is likely to continue well into the fourth quarter, as the psychological resistance flips to support during the next leg of the bull market, according to Bloomberg’s senior commodity strategist Mike McGlone. On Tuesday, McGlone circulated the October 2021 edition of the Bloomberg Galaxy Crypto Index, which
Bitcoin (BTC) skyrocketed above the $1 trillion market capitalization today, pulling the total crypto market capitalization close to $2.3 trillion. This marks a complete 100% recovery from the June 22 lows when the total crypto market capitalization had plunged to about $1.15 trillion. According to Chainalysis, the Central and Southern Asia and Oceania region has seen
An official from the Office of the Attorney General has said the United States government is going to take a more active role in enforcement action against actors using cryptocurrencies for money laundering and other cybercrimes. Speaking at the Aspen Institute Cyber Summit on Oct. 6, Deputy Attorney General Lisa Monaco said the Justice Department
A coordinated strike involving Europol, Interpol, and the U.S. Federal Bureau of Investigation (FBI) has led to the arrest of two “prolific” ransomware operators allegedly responsible for ransom demands of up to 70 million euros. In addition, $1.3 million in cryptocurrencies were seized. Ransomware Operators Arrested, Crypto Seized The International Criminal Police Organization (Interpol) announced
Major Indian cryptocurrency exchange CoinSwitch Kuber is joining the unicorn club by raising $260 million in a Series C funding round. According to an official announcement on Oct. 6, the new funding has propelled CoinSwitch Kuber to the “very top” of Indian unicorns as the firm became “India’s most valued crypto company” at $1.91 billion.
American cinema giant AMC Theatres is steadily approaching its goal of accepting cryptocurrency payments by year-end, now debuting crypto purchases for electronic gift cards. AMC customers can now buy digital gift cards with cryptocurrencies like Bitcoin (BTC) directly through the AMC website, mobile app and theatres, CEO Adam Aron announced on Oct. 5. The new payment