All Coinss Crypto News

Coinss Crypto News

Unqualified investors can buy up to $8K of crypto, says Bank of Russia

The central bank of Russia proposed to set limits on annual cryptocurrency investments by non-professional investors. The Bank of Russia suggested that unqualified investors in Russia should not be allowed to invest more than 600,000 Russian rubles ($7,800) in digital assets per year. The authority laid out the new proposal in an explanatory note referring to Russia’s newly passed crypto law, “On Digital Financial Assets,” or DFA.  The...

The slow march forward, March 24–31

Finance Redefined is Cointelegraph’s DeFi-centric newsletter contextualizing major events in the previous week. Subscribers receive a copy every Wednesday. Editor’s Note This is one of those weeks where it’s hard to find a central topic for this newsletter. There weren’t any big scandals or releases, more like a slow grind with a few projects launching new features, others announcing their fancy investment round, while every celebrity...

Puff, puff, pump on 4/20! April 16-21st

Hi, I’m Andrew. My inestimable colleague Andrey, the previous compiler of this newsletter, is stepping away from Cointelegraph in order to build , leaving me to take over lettering the news. While I’m thrilled he’ll be keeping around the DeFi ecosystem, I’m also infuriated that there’ll be yet another gigabrain trading against me.  Also: journalists quitting their jobs to do DeFi stuff. Talk about top signals. While DeFi tokens and...

Poor infrastructure stops farmers from taking advantage of blockchain

While the agricultural industry stands to reap enormous efficiency savings through the adoption of distributed ledger technologies, many farmers lack the digital infrastructure to support the integration of blockchain solutions. Speaking as part of Australian Blockchain Week on Wednesday, Bridie Ohlsson, CEO of digital agricultural infrastructure provider Geora, discussed the challenges associated with fostering DLT adoption within primary...

LibertyX launches Bitcoin-to-cash sales at ATMs in United States

LibertyX, a major retail network of Bitcoin (BTC) ATMs in the United States, is expanding Bitcoin sales options at thousands of its ATMs. According to an Oct. 26 announcement, LibertyX has enabled a Bitcoin cashout feature at 5,000 regular ATMs across the United States. As such, consumers can now sell Bitcoin for cash at any of the participating ATMs. LibertyX CEO and co-founder Chris Yim said that previously, the firm’s software only...

Coinbase Ventures backing DeFi in the Polkadot ecosystem

Coinbase Ventures, the investment arm of the San Francisco-based digital currency exchange, has thrown its weight behind a layer-one blockchain designed to bring full-service DeFi to the Polkadot ecosystem. The investments are focused on Acala, the Ethereum Virtual Machine-compatible blockchain that is building a host of DeFi capabilities on Polkadot, as well as Karura, which is building a DeFi ecosystem on Kusama. Acala has already built four...

Crypto Singapore dollar aims to diversify landscape dominated by USD

Singapore-based payments company Xfers announced on Monday the official release of its XSGD stablecoin, pegged to the Singapore dollar. The stablecoin would be one of the first SGD-denominated tokens, giving Singapore businesses and individuals a way to transact with crypto backed by their national currency. XSGD is launched on the Zilliqa and Ethereum blockchains. The token is launched as part of Xfers’ StraitsX initiative. The stablecoin is...

Glassnode predicts BTC rally as stablecoin supply tags record highs

The circulating supply of the four-largest stablecoins has spiked to new all-time highs, suggesting buyers could soon spark another leg up for the Bitcoin and crypto markets. The combined capitalization of Tether (USDT), USD Coin (USDC), Binance USD (BUSD), and Dai (DAI) has surged almost 190% from $27 billion to almost $78 billion since the beginning of this year. In its May 3 Week on Chain report, on-chain analytics provider, Glassnode, noted...

Coinbase handled trades and custody for Meitu's $90M crypto investment

Crypto exchange Coinbase’s institutional custody platform helped execute the purchase and custodying of roughly $90 million of Bitcoin and Ether for Chinese tech company Meitu. In a blog from Coinbase today, the United States-based crypto exchange said Meitu used its services to execute up to $90 million worth of crypto transactions “across multiple marketplaces with minimal market impact.” This month, the tech firm purchased 379 Bitcoin...

Why this Montana crypto miner refuses to pay a $3.7M power bill

Project Spokane, a Montana-based mining firm that has been sued by tribal-owned electricity company Energy Keepers Inc. for $3.7 million in unpaid power bills, claims the debt is not its responsibility. On Dec. 14, Project Spokane requested that a Montana federal judge nix the lawsuit, asserting that Hyperblock LLC — a company that purchased most of the mining firm’s assets in 2018 — is liable for the debt. However, Hyperblock declared...