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Bitcoin mining rig maker Canaan to open service center in Kazakhstan

Canaan, one of the largest crypto mining rig makers in the world, is opening its first-ever service center outside China—in Kazakhstan.

Ripple accuses SEC of ‘noncompliance’ in sharing XRP, Bitcoin and Ether communications

Ripple is also asking court to order SEC to reveal the agency’s internal employee policies on trading cryptocurrencies and other digital assets.

CoinShares lists Bitcoin, Ethereum and Litecoin ETPs on Germany’s Börse Xetra

CoinShares has announced that its Bitcoin, Ethereum and Litecoin physically-backed exchange traded products have cross-listed on Germany’s Börse Xetra exchange.

El Salvador poised to adopt Bitcoin as legal tender

El Salvador is proposing a bill to adopt Bitcoin as legal tender in the Central American nation. In a videotaped announcement shown at the Bitcoin 2021 Conference in Miami, President Nayib Bukele said he would submit the bill this week.

Australia’s first Bitcoin capital growth fund gaining interest

Australia’s first capital growth fund to offer institutional exposure to BTC has announced its received inquiries from some of the country’s largest companies.

How serious is the threat of Bitcoin mining to the environment?

Is Bitcoin’s carbon footprint a growing risk to Earth, or is it a red herring? On this year’s United Nations World Environment Day, crypto mining is a hot topic.

HK’s Bitcoin Meetup ahead of Bitcoin 2021; Banksy work offered for crypto | The Daily Forkast

Hong Kong arranged a Bitcoin gathering ahead of Bitcoin 2021 Conference in Miami as Phillips auction house offers Banksy’s work for crypto.

BitFlyer to launch Bitcoin-Japanese yen pair for U.S. traders

BitFlyer announced today that it is launching a Bitcoin-to-Japanese yen pair for currency traders in the U.S.

Governments meet crypto industry; Hope for Bitcoin miners in Sichuan | The Daily Forkast

Governments meet up with the crypto industry to discuss how to regulate the booming industry as BC Group’s OSL ties up with SC Ventures.

Bitcoin mining rig maker Canaan reports huge jump in overseas sales

Chinese Bitcoin mining hardware maker Canaan says overseas sales accounted for almost four-fifths of its revenue during the first quarter of 2021.

Is India’s central bank greenlighting crypto? Bitcoin fees fall to new lows. Cardano rolls out Alonzo upgrade for DeFi.

Other top blockchain and crypto news: Thailand’s SEC tries to rein in DeFi via regulation. Will China’s future DCEP digital yuan offer smart contracts?

What’s up with Taproot, the biggest proposed change to Bitcoin since 2017?

Bitcoin’s proposed Taproot update for smart contracts and privacy has wide verbal support from miners, but will they put their crypto where their mouth is?

Bitcoin suffers second-biggest monthly price drop in May

Bitcoin dropped by 37.5% in May after hitting a low of US$34,195 yesterday, the second-largest drop on record after it fell 40% in September 2011.

Gold vs. Bitcoin: Which one is better as a safe-haven asset?

Gold prices are rising again and at a three-month high. How does gold — a store of value for over 2,500 years —  compare to Bitcoin as a refuge from market turmoil?

Bitcoin mining difficulty drops 16% amid Chinese regulatory headwinds

The latest Bitcoin mining difficulty adjustment, made at 1 a.m. UTC on May 30, saw the difficulty of Bitcoin mining drop 15.97%.

Crypto crimes surge in Asia; Bitcoin cause for divorce in S. Korea | The Daily Forkast

Crypto crime is surging in Asia while Bitcoin is being blamed for splitting up married couples in South Korea.

Can Elon Musk shrink Bitcoin mining’s carbon footprint? PancakeBunny’s $200 million hack. Ray Dalio admits to owning crypto.

Other top blockchain and crypto news: Australia signals progressive approach to crypto as Hong Kong moves closer to banning retail crypto trading.

Marathon to host 73,000 Bitcoin miners in Texas as Chinese exodus looms

Marathon Digital Holdings has announced a deal with Compute North to host 73,000 of Marathon’s Bitcoin miners at a new data center in Texas.

Bitcoin rallies as Elon Musk meets with miners in green energy push

Bitcoin has rallied to nearly US$40,000, boosted by tweets from Tesla founder Elon Musk and MicroStrategy CEO Michael Saylor announcing that they have met with North American miners of the cryptocurrency to promote a renewable energy initiative.

What is the outlook for Bitcoin and Ethereum for the rest of 2021?

The current dip aside, what are Bitcoin and Ethereum’s longer-term price forecasts? Finder’s brain trust of 35 crypto experts peers into a crystal ball.

Bitcoin dominance rises to 45% as altcoins crash over China crypto crackdown

As the crypto sell-off continued over the weekend, Bitcoin once again proved its resilience relative to other cryptocurrencies in not bleeding as much.

Bitcoin price plunges and altcoins sell-off as crypto market decline intensifies

Bitcoin and altcoin prices take heavy hits and sell-off deepens as more bad news, including a blatant DeFi exit scam, continue battering crypto markets.

China announces plan to crack down on Bitcoin mining

The price of Bitcoin fell by over 10% following an announcement by China’s State Council today that it is planning to crack down on Bitcoin mining and trading and “resolutely prevent the transmission of individual risks to society.” Fast Facts: The 51st meeting of the State Council Financial Stability and Development Committee called for the […]

Singapore’s DBS Bank says no investment discussion can omit Bitcoin

Diversification to allocate funds to Bitcoin is an “opportunity that (fiat) money cannot buy”, says DBS Bank’s chief investment officer.

Meitu, Chinese crypto-invested firms’ stock slammed by Bitcoin crash

Hong Kong-listed beauty app Meitu and other companies that have invested in cryptocurrencies have seen millions of dollars wiped off the value of their stock following the huge global Bitcoin sell-off this week.

What’s really behind the Bitcoin market crash? Tether USDT lifts veil on reserves. Facebook-backed Diem going to California.

Other top blockchain and cryptocurrency news: BlockFi’s accidental BTC millionaires. China’s Inner Mongolia asks citizens to report illegal crypto mining.

Bitcoin appears to stabilize after dramatic correction

The world’s biggest cryptocurrency may have found a new trading range after being battered yesterday following an apparent Chinese clampdown on cryptos, partly reversing losses of around 30% seen when investors dumped their coins on Wednesday.

Bitcoin drops below US$40,000; China sends another crypto warning | The Daily Forkast

China’s newest warning against crypto sends market into nosedive and Bitcoin dips below US$40,000 for the first time since February.

Bitcoin’s rollercoaster ride leaves market players unfazed as upside beckons

Professional crypto traders appear to be taking the recent plunge in the price of Bitcoin in their stride as they look ahead to an upswing in the cryptocurrency’s fortunes.

Bitcoin long positions worth $1.5 billion liquidated amid crypto crash

Around US$1.5 billion of Bitcoin long positions were liquidated today across some of the world’s top crypto exchanges, including Binance and FTX, according to Bybt data.

Riot Blockchain’s Bitcoin mining revenue soars 881% to US$23.2M

American Bitcoin miner Riot Blockchain’s mining revenue skyrocketed almost tenfold to US$23.2 million in the first quarter of 2021, according to a U.S. Securities and Exchange Commission filing.

‘Fear’ gets the best of Bitcoin; ‘Charlie Bit Me’ is now an NFT | The Daily Forkast

FUD has taken over Bitcoin’s FOMO sentiment as iconic YouTube video ‘Charlie Bit Me’ gets immortalized as an NFT.

Led by Cardano ADA, green cryptos rise as Bitcoin, wider market sinks

ADA price holds strong as investors shift to greener cryptocurrencies and Cardano smart contracts get set to launch blockchain into DeFi and NFTs.

Bitcoin slumps as Musk hints Tesla may drop its holdings

A single tweet by Tesla founder Elon Musk wiped more than US$55 billion off the cryptocurrency market after he implied on Sunday that the company might have sold its Bitcoin holdings. Fast Facts: Bitcoin’s price fell to below US$43,500 after Musk appeared to agree with a Twitter post that Tesla should divest its Bitcoin holdings. […]

New York’s Bitcoin mining showdown sets stage for battles elsewhere

A dispute over a Bitcoin mine’s environmental impact leads to a push to ban crypto mines in New York state. Will other places follow Albany’s lead?

Self-styled Bitcoin ‘creator’ files $5.6B claim in UK court

An Australian computer scientist has become the latest person to claim to have developed Bitcoin, an assertion he hopes might bring him a £4 billion (US$5.6 billion) windfall. Craig Wright, who claims to have invented Bitcoin, and the identity behind the Satoshi Nakamoto pseudonym, has filed a lawsuit in a UK court to retrieve a […]

Coinsource wins Alaska Bitcoin ATM license

Bitcoin ATM provider Coinsource is expanding in Alaska after receiving the state’s first and only Alaska Money Transmitter License. Coinsource joins four other operators of Bitcoin ATMs — known as BTMs — in Alaska, none of which have such a license. The Alaska Division of Banking and Securities license provides a guarantee that money transmitters […]

China’s miners on Tesla’s Bitcoin 180; Animoca Brands — a star is born | The Daily Forkast

Asia’s crypto industry reacts to Tesla backtracking Bitcoin payments, while Animoca Brands raises US$88,888,888 in a new funding round.

Crypto markets crash as Tesla stops taking Bitcoin for payments

Elon Musk drops ‘fossil fuel’ Twitter bomb on Bitcoin, triggering a BTC price crash and dragging down Ethereum, Dogecoin and Shiba Inu.

Tesla pulls U-turn on Bitcoin payments amid founder’s environmental concerns

US carmaker Tesla has backed away from accepting Bitcoin as payment for its electric vehicles, citing the enormous environmental cost of mining and processing cryptocurrency transactions. In a Tweet posted on Wednesday, Tesla founder Elon Musk said the company would suspend vehicle purchases using Bitcoin. He said, “We are concerned about rapidly increasing use of […]

ICP takes crypto world by storm. Will Ethereum be the next Bitcoin? Goldman Sachs launches crypto trading desk.

Other top blockchain and cryptocurrency news: How Dogecoin copycat SHIB coin vaulted into crypto’s top 20. China unveils fingerprint ID for digital yuan.

Investment manager Ninepoint to offset Bitcoin ETF’s carbon footprint

Canada-based alternative investment manager Ninepoint is to set aside a portion of its management fees to offset the carbon footprint of the Bitcoin held in an exchange-traded fund it operates. Its aim to provide investors prioritizing environmental, social and governance investment opportunities with carbon-neutral exposure to the world’s biggest cryptocurrency. Cryptocurrencies have attracted considerable criticism […]

New Asian investment portfolio offers exposure to Canada’s Bitcoin ETFs

Aqumon’s SmartGlobalC aims to meet the rapidly growing demand for Bitcoin exposure for traditional investment portfolios in Asia.

Citi mulls crypto services launch as clients embrace Bitcoin

Currency-trading giant says crypto trading, custody and financing all under consideration amid growing demand from asset managers, hedge funds. Citigroup is considering launching cryptocurrency services following a surge in interest in digital currencies among its clients, according to a report by the Financial Times. The report cited Citi’s global head of foreign exchange, Itay Tuchman, […]

Bitcoin vs. Bitcoin Cash: Everything an investor needs to know

With Bitcoin Cash prices rising in advance of its May 15 network upgrade, investors want to know: What’s the difference between Bitcoin Cash and Bitcoin?

Court orders SEC to give Ripple internal documents on XRP, Bitcoin, Ether

Ripple scores another in legal wrangling over SEC lawsuit as SEC now must disclose its confidential internal communications over XRP, Bitcoin and Ethereum.

NYDG-FIS partnership allows lenders to offer Bitcoin banking

Tie-up between Bitcoin trading platform and fintech firm will allow bank customers to use the cryptocurrency in their accounts. NYDIG, the Bitcoin subsidiary of alternative asset manager Stone Ridge, and fintech heavyweight FIS have joined forces in an industry-first partnership that will allow banks to offer customers the ability to buy, sell and hold Bitcoin […]

Spanish health care group Biziondo to accept Bitcoin payments

Biziondo, a Spanish medical group specializing in spinal health, announced plans to accept cryptocurrency payments, citing the start of the “Bitcoin revolution.” “It is clear that the Bitcoin revolution has already started in an economic context in which, in 2020, 60% of the world’s money was printed by European, United States, and Japanese central banks. […]

Spanish healthcare group Biziondo to accept Bitcoin payments

Spanish spinal care specialist Biziondo says it will start accepting cryptocurrency payments, citing the “Bitcoin revolution.”

Report: Miners hold on to their Bitcoin much tighter than in January

The on-chain data analytics firm Glassnode reported that miners have continued accumulating Bitcoin. According to the tweet, Bitcoin miners had lowered their spending compared to early January when outflow was high. Bitcoin outflow by miners has dropped to the lowest level in four months and currently sits around 49.9 BTC per day. Miners accumulation has […]

‘We should have bought Bitcoin, not gold’ — BNY Mellon fund

In its SEC filings, the asset management firm BNY Mellon revealed that the poor performance of its exchange-traded fund (ETF) was due to its non-exposure to assets invested in Bitcoin. The bank noted that its BNY Mellon Opportunistic Small Cap Fund (DSCVX) performance was partly because it had no exposure to MicroStrategy. MicroStrategy bought its […]

Tesla earnings soar from Bitcoin. PancakeSwap eclipses Ethereum. Coinbase delays Tether USDT listing.

Other top blockchain and crypto news: China’s internet giants JD.com and Ant Group reveal extent of digital yuan support. Turkey rethinks crypto ban.

Nexon bags $100 million in Bitcoin; Inner Mongolia crypto mining exodus | The Daily Forkast

Nexon added 1,717 Bitcoins into its corporate treasury while deadline for Inner Mongolia’s closure of crypto mining operations approaches.

South Korean cryptocurrency industry claps back; Bitcoin’s nosedive | The Daily Forkast

Crypto investors in South Korea stir petitions to unseat the nation’s financial watchdog chief for his anti-crypto remarks.

Bitcoin prices crash 12% in 24 hours; below $50,000 for first time since March

BTC is down more than 24% from its all-time high of US$64,787, set just last week with the Coinbase public offering. Will Bitcoin’s downward spiral continue?

Is Dogecoin’s price boom over? Investors punish Bitcoin and crypto market. Edward Snowden’s $5 million NFT.

Other top blockchain and cryptocurrency news: Can China be warming up to digital assets and crypto investing? Ethereum ETFs roll out in Canada.

Why Bitcoin’s carbon footprint may not be bad as you might think

As we observe Earth Day, let’s not scapegoat cryptocurrency. The truth about renewable energy and electricity use by banking and gold may surprise you.

Ethereum ETFs come to Canada while US waits for SEC on Bitcoin ETFs

While the US has pondered Bitcoin ETFs since 2013, Canada is now moving on to Ethereum ETFs — with 3 new Ether funds launching in the next 24 hours.

What is Bitcoin’s environmental impact — and what are the solutions?

The recent steep rise in Bitcoin and Ethereum prices has also led to more crypto mining and energy-consumption, much of it still powered by coal.

Justin Chow: Why Asian institutional investment in Bitcoin will only grow

Justin Chow of Cumberland DRW explains why Asia has lagged behind the US in institutional interest in crypto — and why that will likely change soon.

Are Bitcoin ETFs ready to party? Line is growing at SEC’s gate.

Bitcoin’s soaring prices are attracting traditional investors who want in, but with an entourage rather than solo. When will the velvet ropes lift in US and Asia?

What is Coinbase really worth? XRP rallies with Ripple’s wins over SEC. HSBC bans MicroStrategy over Bitcoin embrace.

Other top blockchain and crypto news: HSBC bans MicroStrategy over Bitcoin affair. Tokenized TSLA and Coinbase COIN now on several crypto exchanges.

Bitcoin skyrockets past US$64,000, hits another all-time high

Ahead of Coinbase’s Nasdaq listing, Bitcoin surged to new highs in Asian trading hours. Ether, ADA and DOGE also reached new ATHs as altcoins soared.

Hong Kong-listed Meitu buys more Bitcoin, now has US$100 million in crypto

Shares are up 75% since the beauty selfie app company began investing in Bitcoin and Ether to try to boost its flagging fortunes.

Bitcoin’s ‘kimchi premium’ plummets, Upbit exchange suspends services

After surging to 21%, the higher prices that South Koreans pay for Bitcoin are now plunging. What role did Korean regulators and overseas traders play?

Ripple wins access to SEC’s internal documents on Bitcoin and Ether

In a ruling that can boost Ripple’s defense, judge says SEC must disclose discussions on whether XRP, Bitcoin and Ether are securities. Is a settlement now near?

Korea’s Bitcoin kimchi premium explodes as Kakao rises on Upbit rumors

Are South Korea’s new cryptocurrency exchange regulations skewing its crypto market? Meanwhile, Upbit’s parent Dunamu surges on NYSE listing rumors.

5 questions investors must ask before buying Bitcoin or digital assets

How do cryptocurrency investors know whom to trust, avoid scams and not buy coins with a shady history? Gunnar Jaerv of First Digital Trust explains.

China opens digital currency door to all. NFTs go wild. Is Singapore’s Temasek buying virgin Bitcoin?

Other top blockchain and cryptocurrency news: Bitcoin prices rise as BTC and ETH options expire. DeFi market steps up as Elon Musk says, ‘Don’t defy DeFi.’

Sailing around the world for digital gold with the Liberty Bitcoin Cup

Young sailors are competing to win one Bitcoin in the Liberty Bitcoin Cup — a youth version of the America’s Cup — heading to Hong Kong in early 2022.

Why Roger Ver prefers Bitcoin Cash to the original BTC

Early Bitcoin investor and cryptocurrency promoter Roger Ver tells Forkast.News how faster transactions and lower fees are fueling Bitcoin Cash adoption.

Fed Chair Powell calls Bitcoin ‘speculative,’ says US not in CBDC rush

Countries around the world are exploring central bank digital currencies. But US and European central bank leaders say they value stability over speed.