Bitcoin News and Finance: What You Need to Know

With bitcoin mining being a regulated activity in Iran, the head of the country’s securities and exchange regulator believes the central bank has to turn its attention to cryptocurrencies. The regulator is ready to consider accommodating crypto trade when digital assets are regulated. Capital Market Regulator to Look Into Crypto Trading if Central Bank Regulates Cryptocurrencies Iran’s Securities and Exchange Organization (SEO) has no immediate plans for hosting cryptocurrency trade in the country’s capital market but that may change if cryptocurrencies are properly regulated. That’s according to a statement by Mohammad Ali Dehqan who heads the authority. Quoted by the Ibena news agency and the English-language Iranian business daily Financial Tribune, Dehqan noted that government rules for the mining of cryptocurrencies are currently the only crypto-related regulations. He further insisted: Use of the mined cryptocurrency by the people is what the CBI should be dealing with. T

PRESS RELEASE. BitMart has listed $LEOS, the utility token powering the Leonicorn Swap platform. Based on the Binance Smart Chain (BSC) ecosystem, the $LEOS token is also available on the PancakeSwap decentralized exchange. $LEOS is the native token from the Leonicorn Swap, a decentralized exchange (DEX) created to solve the issues found in the current centralized and decentralized exchange ecosystem, providing a full suite of Decentralized Finance (DeFi) products in a single platform. At its core, the Leonicorn Swap exchange aims to tackle the most common issues found in the CeFi industry, including security concerns, high transaction fees, low withdrawal limits, along with other pitfalls of centralized management such as high listing requirements for up and coming cryptocurrency projects and the mismanagement of funds by exchange operators. While doing so, Leonicorn Swap also tackles the pitfalls of the most commonly used DEXs, the majority of which run on the Ethereum blockchain

Approximately 50 years ago today, Americans were introduced to ‘Nixon Shock’ when the 37th president of the United States suspended the convertibility of the U.S. dollar into gold. Since this point in time, the U.S. economy has never been the same as many believe Richard Nixon ushered in a new era of uncontrollable fiat currency creation. 50 Years Ago Today, Nixon Shook the World Today is the anniversary of when U.S. president Richard Milhous Nixon told the American public on August 15, 1971, that the administration along with the Treasury would immediately suspend the U.S. dollar’s convertibility into gold. Nixon essentially revealed the removal of the gold standard from the dollar and it would never return. Moreover, what the American public isn’t fully aware of is why Nixon and his cronies decided to remove the gold standard. Richard Nixon’s Vietnam War expenditure sparked the onset of a new fiat era. The reason why Nixon removed the gold standard is because the U.S. could no

On August 5, the Mi Store in Portugal announced that it was accepting cryptocurrencies including bitcoin, ethereum, tether, and dash. At the time, the Mi Store Portugal said it was working with the blockchain payments company Utrust in order to be more “inclusive.” However, the Mi Store parent company Xiaomi Corporation, which stems from China, responded to the store’s decision to accept crypto and said it does not control the “autonomy of third-party stores.” Mi Store Portugal’s Crypto Acceptance Decision Didn’t Go as Planned Digital currency fans from Portugal got excited when they learned the Mi Store from their region announced it was accepting cryptocurrencies for payments. The Mi Store sells Xiaomi brand smartphones and accessories and the retail store told its Facebook followers on August 5, it would accept bitcoin, ethereum, tether, and dash for payments. Screenshot of the Mi Store in Portugal’s social media post. However, the post has been deleted but a number of sleu

As buying a home is by itself a serious investment, homeowners often lack the cash to fund further improvements to their property. While traditional bank loans are not as easily available, a new partnership now offers crypto holders to use their digital assets as collateral and instantly borrow money for a kitchen remodeling or some other renovation. Crypto Lending Platform Partners With Construction Company Many homeowners find it hard to finance home improvement projects that would raise their living standards as they are stuck with the low liquidity of their properties. Applying for a home equity line of credit (HELOC) or other bank loans involves credit checks and approval takes a long time. Crypto-asset lending firm Pledge has joined forces with 247pro.com , a construction estimate and management platform, to offer cryptocurrency holders among homeowners quick access to home improvement loans they can take against their digital coins. The two companies have recently signed

Since January 3, 2009, the Bitcoin network has been functional for 99.98662952015% of the time. However, the protocol has had a few hiccups along the way and on a few occasions, the chain split into two. Most people are well aware of the Bitcoin Cash split that took place on August 1, 2017, but the first time the Bitcoin chain split was 11 years ago on August 15, 2010. Strange Block 74,638 4,019 days ago on August 15, 2010, the Bitcoin community had a problem which was dubbed the “ overflow bug .” What was also called a “malicious event” or “ Strange block 74,638, ” occurred between “11:34:43 CDT and 12:10:33 CDT on August 15th,” according to the bitcointalk.org user called “ mizerydearia .” Many well known developers like Jeff Garzik , Gavin Andresen , and Bitcoin’s inventor Satoshi Nakamoto participated in addressing the issue. The irregularity found in the Bitcoin block 74,638 on August 15, 2010, was discovered by software developer Jeff Garzik and a number of other bitcoin

On Friday, the product comparison website Finder published the company’s August Cryptocurrency Ownership Report, which surveyed 42,040 citizens across 27 countries. The report ranks countries by digital currency adoption and it shows regions like Vietnam, Indonesia and India have the highest number of people who reported owning cryptocurrency. In Terms of Crypto Ownership Vietnam, Indonesia, and India Rule the Roost Finder’s Cryptocurrency Ownership Report published on August 13, 2021, has some interesting findings after the researchers polled over 42K people. Basically the researchers measured crypto asset ownership from people in each country and the survey covers a total of 27 countries. According to the Finder’s poll, men are more likely to own a digital asset in every country covered in the survey. The gender gap between ownership is around six percentage points, the writer at Finder, James Edwards detailed in the report. The largest amount of crypto ownership stems from Vie

Two of the largest American news magazines, Fortune and TIME, have jumped headfirst into the non-fungible token (NFT) ecosystem in recent times. The New York-based multinational business magazine Fortune raised $1.3 million selling its first NFT collection this week. Furthermore, after selling NFT magazine covers, TIME has revealed the company is teaming up with the Cool Cats NFT project. Cool Cats NFT Project and TIME Magazine Collaborate Non-fungible tokens (NFTs) are very popular in 2021, and many people believe the trend will continue for a very long time. The NFT industry has attracted a great number of popular artists and it has lured a large quantity of celebrities as well. Alongside celebrities, well known brands are diving into the crypto sphere via NFTs. For instance, at the end of June, Bitcoin.com News reported on the largest U.S. newspaper publishing company Gannett launching the firm’s first NFTs. In mid-April, Bitcoin.com News reported on TIME magazine telling t

Till Lindemann, lead singer of the German metal band Rammstein, has angered Russia’s renowned Hermitage Museum with a crypto initiative. The musician seeks over a hundred thousand euros for an NFT collection containing footage and imagery shot in the cultural institution. The tokens have been created without its authorization. German Singer Till Lindemann Sells NFTs of Russian Art Without Permission Rammstein’s vocalist and songwriter Till Lindemann has put up for sale five non-fungible tokens (NFTs), the most expensive of which has a price tag of €100,000. The NFTill collection contains a video clip of his performance of the popular Russian patriotic ballad “Beloved Town” which was shot in May. The world-famous museum in Saint Petersburg allowed Lindemann to record the video as part of the Year of Germany in the Russian Federation which started in August 2020. However, museum officials did not appreciate Lindemann’s NFT initiative, Forklog reported. In a statement released on

Crypto trader and investor Scott Melker, also known as “The Wolf of All Streets,” expects the price of bitcoin to hit new all-time highs by the end of the year. “I would not be surprised at all to see bitcoin trading in six figures within the next six to 12 months, or ethereum even pushing towards $10,000 in that time,” he said. The trader also sees the Senate’s $1.2 trillion infrastructure bill as the biggest advertisement in history for bitcoin. ‘Wolf of All Streets’ Trader Sees Many Upsides to Bitcoin Pushing the Price Toward $100K Scott Melker, the host of “The Wolf Of All Streets” podcast, shared his bitcoin outlook with Kitco News last week. Melker is a trader and investor both privately and at Texas West Capital. He is the author of “The Wolf Den” newsletter and an advisor to a number of blockchain-based projects. In June last year, Binance awarded him the Influencer of the Year Award for North America. Commenting on the $1.2 trillion infrastructure bill that the Senate pa

Tesla CEO Elon Musk and Shark Tank star Mark Cuban see dogecoin as the “strongest” cryptocurrency when it comes to using it as a means of payment. To promote the use of dogecoin further, the NBA team Dallas Mavericks will be offering “special pricing for those who pay with dogecoin.” Elon Musk Agrees With Mark Cuban That Dogecoin Is the ‘Strongest’ Medium-of-Exchange Crypto Tesla and Spacex CEO Elon Musk and the billionaire owner of the NBA team Dallas Mavericks, Mark Cuban, have affirmed their belief that the meme cryptocurrency dogecoin is the “strongest” cryptocurrency when it comes to paying for goods and services. Cuban touted DOGE in an interview with CNBC Make It on Friday. Noting that dogecoin is “a medium that can be used for the acquisition of goods and services,” he said: The community for doge is the strongest when it comes to using it as a medium of exchange. Replying to Cuban’s comment about dogecoin, Musk, who is sometimes known as the Dogefather, tweeted: “I’ve

British detectives have seized $22.25 million from operators of an international cryptocurrency scam. Among the items seized was a USB stick containing ethereum worth $9.5 million. The police are now attempting to contact the victims of this scam to return their funds. UK Police Seize Crypto in USB Stick The U.K.’s Greater Manchester Police announced Wednesday that its Economic Crime Unit has seized a USB stick containing “huge amounts of ethereum, the second largest crypto currency after bitcoin.” The USB stick was discovered after the police arrested a 23-year-old male and a 25-year-old female for fraud and money laundering offenses. The pair have since been released under investigation. The announcement details: Specialist officers received intelligence that those running the scheme had been in Manchester for a limited time and tracked them down, recovering an encrypted USB stick containing $9.5 million of stolen ethereum. The police said that $12.7 million more were seized

Ever since the CEO of Twitter and Square, Jack Dorsey, started appreciating the crypto asset bitcoin, crypto enthusiasts have been following his coattails. However, there are very mixed views about Dorsey because while some people adore him, others are skeptical of his goals as his firm has been accused of mass censorship. Then on August 13, Dorsey tweeted out a URL link to a book called “Anatomy of the State” by the economist Murray Rothbard. The tweet not only attracted likes from bitcoiners but a number of libertarians were also confused by his tweet. While Some Bitcoin Supporters Love Him, Many Other Crypto Advocates Don’t Trust Jack Dorsey For quite some time now, the CEO of Twitter has been a bitcoin ( BTC ) supporter as he sports a Lightning Network emoji next to his username and keeps a bitcoin symbol in his Twitter bio. Jack Dorsey has also talked about the benefits of bitcoin on various occasions and tweeted about the vast number of Nigerians that leverage the crypto ass

While dogecoin fans saw the first crypto-scented Dogecan body spray made by Axe, Oscar Mayer’s 10-pack of dogecoin branded weenies, and an augmented reality game called Dogemon Go, supporters now have the opportunity to attend a DOGE-centric festival called “Dogepalooza.” The dogecoin-themed event will have live entertainment from major artists like Dionne Warwick, Damon Elliott, and Chloe Flower. Dogepalooza 2021 Fans of the meme-based crypto-asset dogecoin (DOGE) are throwing a festival dedicated to the digital currency and its economy. Dogepalooza 2021 of course borrows the name from the popular music festival Lollapalooza. 🔥SO looking forward to seeing @ChloeFlower perform @Dogepalooza October 9, at Constellation Field in Sugar Land, TX!🔥 🚀 #Dogepalooza #ChloeFlower #Dogecoin #DogecoinToTheMoon #Dogearmy #DogecoinRise 🚀 https://t.co/nyogkykZe2 — Dogepalooza (@dogepalooza) August 13, 2021 According to the event’s web portal , the first Dogepalooza will begin

A U.K. judge has reportedly ordered cryptocurrency exchange Binance to identify hackers and freeze their accounts after one of its users claimed to be the victim of a $2.6 million hack. Binance Ordered to Help Recover Funds Allegedly Stolen in a Hack A London high court has ordered global cryptocurrency exchange Binance to identify hackers and freeze their accounts after one of its users, Fetch.ai, claimed to be the victim of a $2.6 million hack, Reuters reported Friday. The judge granted requests by the artificial intelligence (AI) company for Binance to identify the hackers as well as track and seize the alleged stolen assets, the judgment made public this week revealed. Fetch.ai, incorporated in England and Singapore, develops AI projects for blockchain databases. The company claimed that its Binance account was hacked on June 6. “Unable to remove the assets because of account restrictions, they allegedly sold them to a linked third party at a fraction of their value in under a

2021 has been an incredible year for bitcoin, ethereum, and a great number of the world’s most popular digital assets. While bitcoin has gained around 300% during the last 12 months and ethereum has risen by 630%, a large swathe of crypto assets saw much larger gains. 12-Month Stats Show a Slew of Relatively Unknown Tokens Outperformed the Top Ten Crypto Assets by Market Cap After the March 12, 2020 market crash that wreaked havoc on nearly every commodity in the world, otherwise known as ‘ Black Thursday ,’ the crypto economy ballooned in value. Three months ago, most crypto assets tapped fresh new all-time highs, but quite a bit of these coins have since retreated between 30-55% in value. The lion’s share of crypto supporters dedicate their focus to crypto-assets like bitcoin, ethereum, or assets in the top 20 crypto assets by market valuation. The Game Stars network is an e-sports “blockchain platform that helps to monetize cyber athletes’ professional advancement,” according t