When China Spoke, Bitcoin Reacted. America? Not So Much

Lewis

Governments can’t stop cryptocurrencies, but they can make it much harder to access them. So it would make sense that unfriendly government policies in the world’s largest economies would play a role in driving down the price of bitcoin.

As a case in point, in the few days after China reiterated its crypto crackdown in May, bitcoin at one point plunged by as much as 30%. The drop was another reminder that when China speaks, the market listens.

The U.S., it seems, not so much. 

This month, a highly controversial crypto tax provision in the $1 trillion infrastructure bill

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Chinese Court Says Cryptocurrency Is Not Protected By Law

Lewis

The Supreme Court of the northern Shandong province in China has ruled that “cryptocurrency is not protected by law.”

What Happened: While delivering a verdict in a case that involved a potential fraud related to the purchase of crypto, the Supreme Court said in a statement that “investing or trading cryptocurrency is not protected by law.”

This could become another significant blow to China’s crypto industry after the crackdowns on crypto mining across the country.

As per the case, a Chinese plaintiff invested some $10,800 to buy tokens endorsed by three of his acquaintances in 2017.

However, their accounts

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Introducing Crypto for Advisors, a Newsletter for Financial Planners

Lewis

CoinDesk is launching a new newsletter – one that’s different from our existing titles in an important way. It’s called Crypto for Advisors, and we’re building it specifically for financial advisors (FAs) and registered investment advisors (RIAs). The newsletter will do what CoinDesk is best at – informing and educating a highly engaged audience – only this time the audience is financial professionals who are new to crypto, curious about it and looking for ways to incorporate it into their work.

Why a newsletter for this audience, and why now? Read on.

Financial security is inherently a long game.

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Bitcoin’s revival shows cryptocurrency ‘is not a fad’: Morning Brief

Lewis

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe

Tuesday, August 24, 2021

A ‘maximalist’ vision of bitcoin means every company will be a crypto company.

Oh what a difference a summer makes.

Bitcoin’s (BTC-USD) slow but steady rebound from its spring lows saw the crypto unit top $50,000 on Monday, with the latest move greased by PayPal’s (PYPL) announcement that it would let U.K.-based customers trade in crypto, something U.S. clients had already been offered since

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Harvest Finance Surges 127% on Coinbase Listing

Lewis

Key Takeaways

  • Coinbase has listed Fetch (FET), Paxos Standard (PAX), Polymath Network (POLY), and Harvest Finance (FARM).
  • The listed coins are available on Coinbase and Coinbase Pro in most supported regions.
  • Harvest Finance’s FARM token surged 127% following the listing.

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Coinbase has listed four new coins on its exchange, available for trading in most supported regions. Harvest Finance has rallied 127% on the update. 

Coinbase Adds to Supported Tokens

Coinbase has listed four new coins on its exchange.

Paxos Standard’s stablecoin PAX and Polymath Network’s utility token POLY were made available for trading on Jul. 27, while

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$COCKTAIL Set to Revolutionize Cryptocurrency

Lewis

NEW YORK, NY / ACCESSWIRE / July 30, 2021 / It’s no secret that millions of new investors are looking to crypto as their next major investment. Investors are breaking down stock portfolios and converting them to cryptocurrency assets. A California-based developer team for a new cryptocurrency project called $COCKTAIL is paving a new path forward for marketing their token. When a holder of $COCKTAIL promotes the token and submits proof to the verified $COCKTAIL Discord, the rewards bot automatically will reward holders with extra BNB rewards. This new technology will enable the average investor to multiply their initial investment

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