Regulation

Germany has recently enacted groundbreaking legislation that observers say has the potential of mainstreaming crypto investments. The law that had been in the works since April this year came into force on July 1, 2021. It allows select institutional funds to allocate part of their portfolio to digital assets. In the law targeting the 'Spezialfonds,' firms can structure their capital to include an up to 20 % allocation in crypto. Currently, the special funds manage assets worth approximately $2.1 Trillion.…

Today, the most significant upgrade to the Ethereum network just happened to revolutionize the Ether blockchain. The London hard fork incorporated a fee reduction feature called EIP 1599. According to ultrasound, in just a few hours of running, the fee cut had already gotten rid of $2 million worth of ETH. Money. Vitalik Buterin, the inventor behind the cryptocurrency, stated that the EIP 1559 is the most significant part of the upgrade. Currently, ETH is trading at 2,809.16, up 3.91%…

The global cryptocurrency market cap faces a decline, with today’s market cap at $1.54 Trillion, a 3.30% decrease from yesterday, Tuesday. However, despite the decline, investor confidence is still strong overall in the market.  Some of the cryptocurrencies contributing to this decline are Bitcoin and other correlated altcoins. Ethereum, on the other hand, is in the lead with a gain of about 14.19% over the last week. Bitcoin is currently trading at around $38,973.58, while Ethereum is at $2,617.22. Bitcoin…

Two of the major platforms in the crypto accounting scene have banded together in a process that involves Cryptio integrating Request. The integration will result in a unified front concerning the joint effort, capital, and directives which will help develop new accounting solutions and streamline existing solutions for crypto-based companies.  The merging of the two platforms will result in a proper invoicing system with the accounting system already developed to simplify the bookkeeping process. This action will allow companies to…

Black Rock Petroleum Company announced that it entered into a binding agreement with Optimum Mining Host Limited Liability Co. (OMH) for hosting and operating up to one million BTC miners. These miners are being relocated from China to Canada by OMH across three Natural Gas producing sites in Alberta, Canada. The first 200,000 units will be hosted on the site by Planned acquisition by BKRP, a quirk creek gas plant operated by Caledonian Midstream Corporation. Mining Agreement Contract The contract…

Payment provider company PayPal has lifted the purchase limit of bitcoin and other cryptocurrencies to $100,000 per week for eligible customers in the United States and removed annual limits altogether. The company is also getting rid of its yearly purchase limit of $50,000. PayPal's weekly crypto purchase limit was $20,000 in February. The payments giant first let customers buy, sell, and hold cryptocurrencies — bitcoin, ethereum, bitcoin cash, and litecoin — directly from their PayPal accounts in October 2020, following…

In operation known as “Coin Breaker,” the Hong Kong authorities arrested four men in a suspected cryptocurrency laundering scheme worth $155 million (HK$1.2 billion). According to the South China Morning Post, these men aged between 24-36 years have been in operation from February 2020 to May 2021. How they Managed the Scheme The authorities believe that the syndicate operated in various bank accounts where they made transactions through virtual currency exchanges. According to the Syndicates Crime Investigation Bureau of Custom…

TikTok, Social media platform, announced on Friday that certain ads would no longer be allowed on their forum. Crypto-based promotional content, share trading and buy now pay later are among the forbidden topics, according to an article from FT Adviser on July 8. In addition, TikTok’s new guidelines now globally prohibit the promotion of all financial services and products. According to the report, the ban aims to halt the worrying trend of risky investments being touted on social media. Most…

Tesla billionaire Elon Musk today criticized the scaling efforts of the two most popular cryptocurrencies, Bitcoin and Ethereum. Citing BTC and ETH's Limits He warned over their limitations, branding them as slow with high costs while claiming that the plans to upgrade dogecoin are superior. Musk said that the meme coin's upgrade plans to maximize the base layer transaction rates and minimize transaction costs have merit. However, the billionaire added that Crypto exchanges would act as a "de facto secondary…