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Breaking crypto news from the last week (21 – 27 Aug.2021): 21 Aug.: World’s biggest cryptocurrency exchange Binance is rolling out immediate verification requirements for all its users in support of its expanded know-your-customer (KYC) and anti-money-laundering (AML) policy. Binance will limit services for existing users unless they adhere to the new requirements. 22 Aug.:…

The rise in the Bitcoin price, which has been a source of positivity for many as of late, has generated similar expectations for altcoins – the public is already accustomed to the fact that all other cryptocurrencies are growing following BTC. But it seems that the time of such simple correlations has passed, and the…

Bitcoin hashrate triples since June 28 as miners are coming back online after China’s crackdown while surging Bitcoin price makes the mining business wildly profitable. Bitcoin topped $50,000 on Monday, benefiting from simultaneous supply chain shortages and a crackdown from Chinese regulators – putting Bitcoin mining on par with profits near the coin’s April all-time-high….

According to a new CoinDesk report, Citigroup is actively recruiting traders to begin working with Bitcoin futures on the Chicago Mercantile Exchange and is awaiting regulatory approval. CoinDesk, citing two sources, including one within the bank, reported that Citi is planning to trade Bitcoin futures contracts on the Chicago Mercantile Exchange (CME). The bank reportedly…

Only recently, the Cardano cryptocurrency has blasted into the top 3 by capitalization (it has since rolled back into 4th place, however). This is an incredible success for historically not the most popular crypto that doesn’t even use smart contracts. The ADA price has risen 49% over the past seven days. Thanks to this, Cardano…

The first Bitcoin fund in the Middle East was launched in Dubai this summer, when Canada’s largest digital asset investment fund, 3iQ, placed its public ETF in the largest Middle Eastern financial market. Investors can now transfer shares from the Toronto Stock Exchange to Nasdaq Dubai and vice versa, as well as buy them directly…