Bitcoin News

The Paraguayan President Mario Abdo Benítez has spectacularly scuppered a much-vaunted bill that would have legalized and regulated crypto mining in the Latin American country.

Fold, a bitcoin (BTC) rewards app, announced a USD 13m series A round to fuel its growth.

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

South Korean MPs have finally overturned the government on its proposed crypto tax plans, ending a long saga that pitted lawmakers against the large crypto-skeptic administration of President Moon Jae-in

Bitcoin price started recovering above USD 39,000. Ethereum surged 9% and it surpassed USD 2,700, XRP stable above the USD 0.700 support. COMP, AAVE, and BTT are up over 15%.

Dutch bitcoin (BTC) exchange Bitonic has filed for a preliminary injunction at a Rotterdam court in a bid to suspend a wallet verification rule enacted by the De Nederlandsche Bank (DNB), the country’s central bank.

The Spanish telecoms giant Telefónica is mulling accepting crypto pay for “some of its services” – although it claims that is crypto projects pertaining to payments are still in the planning stage.

The crypto lending and borrowing platform Crypto.com has published a report that details its five main predictions for crypto in 2022. And judging from the report, 2022 may be the year when even the nation-states realize that crypto is here to stay, leading to a friendlier stance from countries around the world towards the industry.

Bitcoin price started a downside correction below USD 44,000. Ethereum declined below USD 3,100, XRP is still well above USD 0.80. LEO trimmed gains after skyrocketing yesterday, while LRC, NEAR, and AR are down over 7%.

Persistent inflation, tighter monetary policy, or a reversal to lower inflation leading central banks to keep rates low are all scenarios that could play out and have an impact on crypto markets in 2022, crypto market data provider CryptoCompare said in a new report.