CryptoAddicted

Bobby Lee: "Bitcoin may be banned in China" One of the first Bitcoin enthusiasts in China and co-founder of the BTCC exchange, Bobby Lee, stated: “The next step they can take is a complete ban on all cryptocurrencies. We've heard for a long time that cryptocurrencies are banned in China. Technically, this is not the case - anyone can own Bitcoin, buy and sell it. But when the BTC rate reaches $500,000 or $1 million, China may completely ban it " Anybody from China here?

Bitcoin surged to $38,000 amid rumors of Amazon's support for BTC payments. At its peak, bitcoin rose to $39,700 - very little remained to a significant level of $40,000. However, then the rate of the first cryptocurrency dropped slightly and now BTC is traded at $38,700. City AM publication

Binance will eliminate EUR, GBP and AUD for margin trading and lower the maximum leverage on futures from 125 to 20 Cryptocurrency exchange Binance continues to restrict support for some of its trading services amid ongoing repressive regulation. Binance officially announced on Monday that the exchange will de-list margin trading pairs for three fiat currencies, including the euro (EUR), Australian dollar (AUD) and British pound (GBP). This limitation will come into effect on August 10. Binance also introduces a limitation on the use of trading leverage. The maximum leverage on Binance Futures will now be lowered from 125 to 20.

Charles Hoskinson announced that Cardano smart contracts are now compatible with web browsers On a stream on Tuesday, the founder of Cardano said the team had successfully launched the back end of the Plutus application in Javascript, the most widely used programming language on the Internet. Since the back end of the application is JavaScript, Cardano smart contracts are now compatible with web browsers on the testnet. Hoskinson described the update as a major development. He also added that further testing and optimization will be done to improve the web interoperability of Plutus smart contracts. Cardano plans to roll out smart contracts in a series of updates as part of the Alonzo hard fork. Cardano = long term investment

🤯 NFT boxer Tyson Fury "Lineal" sold for $987,000 The NFT, signed by British pro boxer Tyson Fury, sold for $987,000, making it one of the most expensive sports NFTs ever. The token was sold on the HoDooi marketplace, which launched on July 14 and runs on the Binance Smart Chain. "Lineal" is an illustration of a boxer with two championship belts and a crown with his nickname "Gypsy King". The buyer will also receive a signed five-by-five-foot painting, signed boxing gloves, and a video congratulation from Fury.

Developers from the IOTA community have released a plugin that allows all WordPress sites to accept payments in IOTA IOTA community enthusiast Alexander, author of the Short-Aktien blog on peer-to-peer technology and cryptocurrencies, has released a plugin to enable WordPress websites to accept payments in IOTA. The plugin can be used to accept cryptocurrency donations as well as various e-commerce tools. In addition, the developer has hinted at a possible release of payment tools for other major management systems such as CMS, Joomla and Drupal. Do you hold IOTA?

In the United States, a patent was issued for the concept of a stablecoin secured by government debt The two co-founders of the digital bank FV Bank in Puerto Rico say they were the first in history to receive a US patent to develop a stablecoin based solely on government debt. Its working title is Yuga Coin, which in Sanskrit means "the union of two things" or, in this case, "generations," said one of the creators. Each coin can be exchanged at a 1:1 ratio for the respective national currency, where they will be backed by the instruments of the national treasury (including bonds and securities) of the respective country. These coins are said to be more stable than other fiat-pegged cryptocurrencies because they don't depend on a single banking institution holding collateral. "The stability of a tokenized cryptoasset is more like the stability of government debt," the patent says.

Safemoon is not tagged as “meme coin” anymore on CoinMarketCap

EU plans to ban anonymous cryptocurrency wallets The European Commission plans to ban anonymous cryptocurrency wallets, Reuters reports. The law aims to force service providers to collect data such as sender's name, address, age and recipient's name. In a statement, the Commission argues that the recently proposed law would make Bitcoin and other cryptocurrencies fully traceable: "Today's amendments will ensure full traceability of transfers of cryptoassets such as bitcoin, as well as prevent and detect their possible use for money laundering or terrorist financing."

😳Police in Malaysia crushed 1,069 bitcoin miners with a roller. The process was captured on video. Miri authorities seized the devices from miners accused of stealing electricity, writes the local newspaper The Star. The equipment was confiscated during a joint operation by the police department and the power company Sarawak Energy from February to April in six separate raids. Its total cost is estimated at $1.25 million.

🔥 Anonymous whale transferred 13003 BTC to Coinbase According to a recent tweet from the Whale Alert team, an anonymous crypto whale has moved 13,003 bitcoins to the Coinbase exchange. The transaction fee was $3.6 in fiat. Earlier this week, 14,550 BTC were listed on the Binance exchange, and 4518.409 BTC of that amount were transferred in just one hour. The CEO of analytics provider CryptoQuant believes selling pressure on the largest cryptocurrency is increasing.

😱 Binance ends support for tokenized shares The popular crypto exchange Binance is ending support for all tokenized shares on its platform. The exchange team made the announcement earlier today and also explained that the move was intended to shift their "commercial focus to other product offerings." Holders of exchange tokens on Binance must manually sell stock tokens by October 14 of this year. In addition, any tokenized share positions that remain open after the 14th will be closed on October 15th at 13:30 UTC. Equity token holders residing in the European Economic Area (EEA) have the additional option of transferring their positions to CM-Equity AG, which is developing a portal for this particular process. The Binance team announced that the portal is scheduled to open approximately two to four weeks before October 15, 2021. CM-Equity AG will request additional KYC verification measures.

🔥 City in Tennessee plans to accept bitcoin for taxes Mayor Scott Conger announced on Friday that Jackson, the eighth largest city in Tennessee, plans to allow its citizens to pay property taxes in bitcoin. He also stated that the blockchain task force wants to allow employees to use the averaging of the dollar value in bitcoins. In a separate tweet, the politician expressed concern about the depreciation of the dollar: “Why do we accept inflation? Why don't we ask more of our federal government? 6.3% after 2 years. 172.8% in my lifetime. Our dollar depreciates every year.”

☹️Dogecoin Co-Founder Claims The Cryptocurrency Is Run By A "Powerful Cartel" Of Wealthy People Jackson Palmer expressed his dissatisfaction with the cryptocurrency industry on a long Twitter thread, stating that: “Despite claims of 'decentralization', the cryptocurrency industry is controlled by a powerful cartel of wealthy people who have evolved over time. They included many of the same institutions tied to the existing centralized financial system, which they purportedly intended to replace. " Palmer believes that cryptocurrency is "right-wing, hypercapitalist technology." He also added that cryptocurrencies were specifically created to enrich those at the top. Thus, all of this represents the worst system in existence today. What do you think about this statement?

Vitalik Buterin stars in a new documentary about Ethereum The documentary team is working on the first full-length documentary on Ethereum and is currently trying to raise 750 ETH through the Mirror crowdfunding site. Ethereum: The Infinite Garden will include interviews with various people involved in the development of Ethereum. The co-author of the network, Vitalik Buterin, and Aya Miyaguchi, executive director of the Ethereum Foundation, took part in the filming. Also, on the Mirror platform, NFT films are available for purchase, where each token indicates the level of involvement in the project.

🔥 The ECB is moving to active research on the digital euro and may release it in 4 years. The European Central Bank has announced a move from discussing the digital euro to directly considering plans to issue it. It is expected that the "exploration phase" could lead to the emergence of digital currency in the middle of this decade. The current stage will last 24 months and will be aimed at solving key issues in the device and distribution of the digital euro.

One of the largest Las Vegas strip clubs will start accepting bitcoins via the Lightning network Crazy Horse 3, one of the largest strip clubs in Las Vegas, has partnered with Lightning Network-powered OpenNode to accept bitcoin. Initially, customers will be able to use Bitcoin to pay for VIP packages. However, later on, payment in Bitcoin at the club will be accepted for entrance, food, and also, as a tip. Cryptocurrency has been introduced into the Las Vegas entertainment industry for quite some time. D Casino & Hotel, the oldest hotel and casino in Vegas, made it possible to pay in bitcoins back in 2014. In 2015, boxing champion Mike Tyson launched 100 Bitcoin ATMs in the city. In May of this year, Resorts World Las Vegas partnered with cryptocurrency exchange Gemini to enable their clients to settle in digital currency. Crypto is taking over the Vegas!!