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Severe oil leaks worsened Keystone pipeline’s spill record, GAO finds
The decision to revoke the Keystone permit cheered Democrats but was criticized bitterly by Republicans. Jane Kleeb, chair of the Nebraska Democratic Party who has been opposing pipelines including Keystone XL for years, said the GAO report highlighted issues that environmental groups had already voiced concern over. But having the information in an official government report would help people in future protests against pipelines, she said. “These are not new weapons per se,” Kleeb said of the report’s description of the faulty material and subpar construction. “But I am deeply grateful that this is now in the formal record.” The study came at the behest of House Transportation and Infrastructure Chair Peter DeFazio (D-Ore.), Commerce Chair Frank Pallone (D-N.J.), and other Democrats in No...
Crypto exchange Bybit signs esports deals with Astralis and Alliance
Bybit has secured new contracts with esports organizations Astralis and Alliance that will see the cryptocurrency exchange expand its footprint in the video game industry. Bybit will have its logo featured on gaming jerseys and twitch.tv streams as part of a broader strategic initiative targeting more expansive player engagements, carbon neutrality initiatives and financial education programs, the exchange announced Monday. Ben Zhou, co-founder and CEO of Bybit, said his company “is in it for the long run,” referring to esports. He believes there is a “special connection” between the esports and cryptocurrency communities for their high degree of competitiveness and rapid adoption curves. As part of the deal, Astralis and Alliance will send talent to the upcoming World Series of Trad...
WAX, Gnosis and IOST pack on gains after Bitcoin price hits $50K
The bull market narrative has returned now that the price of Bitcoin (BTC) managed to briefly climb above $50,500 on Aug. 23. A handful of altcoins have also seen their prices charge higher as the momentum in the market continues to build. For many tokens, their price has been buoyed by new exchange listings and cross-protocol collaborations that have brought a new level of activity and attention to their ecosystems. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were WAX (WAXP), Gnosis (GNO) and IOST. WAX benefits listing on Binance The top performer on the 24-hour chart is WAX, a delegated proof-of-stake (DPoS) blockchain protocol tha...
CFTC commissioner says agency has broad enforcement authority on crypto derivatives
Dawn Stump, one of four commissioners currently serving at the Commodity Futures Trading Commission, or CFTC, has released a statement clarifying the agency’s authority with respect to digital assets. In a Monday statement, Stump said the CFTC is empowered with both regulatory and enforcement authority for commodities. She did not specifically say that digital assets were cash-like commodities in the eyes of the regulatory body, but “even if a digital asset is a commodity, it is not regulated by the CFTC.” However, according to the commissioner, the agency is within its power to regulate derivatives on digital assets, “such as the futures contracts on Bitcoin and Ether listed for trading on various CFTC-regulated exchanges.” U.S. government agencies including the CFTC, Sec...
Price analysis 8/23: BTC, ETH, ADA, BNB, XRP, DOGE, DOT, SOL, UNI, BCH
Bitcoin (BTC) rallied above the psychological hurdle at $50,000 today for the first time since May 15. The sharp rally of the past few days has turned the sentiment bullish with many expecting the resumption of the bull run. Morgan Creek Digital co-founder Anthony Pompliano told CNBC on Monday that Bitcoin could make a blow-off top, similar to the one seen in 2017 when the price had surged from “$10,000 to $20,000 in 18 days.” Daily cryptocurrency market performance. Source: Coin360 The Crypto Fear & Greed Index has risen to 79, indicating extreme greed. Just a month back, the indicator was showing a reading of extreme fear at 22. This shows how the sentiment has changed completely within a few days. In other news, on August 22, PayPal announced that it will provide cryptocurrency serv...
Solana price set new all-time high above $80 at the weekend
Solana recently made it into the top 10 cryptocurrencies by market cap, while Solana ecosystem projects Audius and Arweave have also been rallying Last week saw many cryptocurrencies make gains, with Bitcoin almost reaching $50,000 and Ether testing the resistance around $3,300. Neither of them, however, came close to regaining their all-time highs from last quarter. Both were outperformed though by Solana (SOL), which has pushed its way into the top 10 cryptocurrencies with a market cap of over $21 billion. After surpassing its May all-time high of $61.44 last Monday, SOL went on to rise by another 35% to set a new all-time high of $83.23 on Saturday. Solana’s innovative Proof of History consensus mechanism means dramatically increased scalability, and with an average transaction cost of ...
Ethereum price analysis: ETH looks to top the $3,400 level again
The cryptocurrency market resumed its rally in the past few days, and more gains could be recorded in the coming hours The cryptocurrency market continued its rally over the weekend, with Bitcoin breaking past the $50,000 mark for the first time since May. Several altcoins also recorded huge wins over the weekend as the slow recovery continues. Ether has maintained its position above the $3,200 level over the past 24 hours. It is currently up by roughly 2% in the last few hours. Ether failed to break the major support level at $3,290 yesterday, leading it to fall to a low of $3,128.82. However, Ether has since bounced back from the slight drop and is now trading above the $3,300 level. The second-largest cryptocurrency could be looking to record further gains over the next few hours. The c...
PayPal introduces its cryptocurrency services to UK traders
PayPal has started the international expansion for its cryptocurrency services in a bid to make it easier for people to access a wide range of cryptos Leading payment giant PayPal has announced that it has started providing cryptocurrency trading services to its customers in the United Kingdom. The company made this known earlier today, adding that UK customers can now buy, sell and hold Bitcoin and a few other cryptocurrencies. PayPal began offering cryptocurrency services to its users last year, making it possible for users to buy, sell and hold a few cryptocurrencies. However, the service was restricted to only PayPal customers in the United States. This is the first time PayPal is expanding its cryptocurrency services to its customers outside the US. The California-based company has mo...
Xiaomi India needs regulatory clarity to embrace crypto, says exec
Xiaomi India, the subcontinent’s branch of the major mobile phone manufacturer, is interested in the cryptocurrency industry but needs regulatory clarity from the government. The firm’s managing director, Manu Jain, said in an interview with The Economic Times, “We will want to wait for all the regulatory things. Of course, crypto is an area, which is extremely interesting, and is the biggest buzzword and is doing exceptionally well. But, we would want to understand more on the regulation side.” Jain’s latest remarks come after the company’s financial service business returned to growth in 2021, seeing a 35% year-on-year surge in the first quarter due to expanding into more financial products. The company has been actively diversifying its products into a full spectrum lend...
Cardano price eyes $3, but ADA chart fractal hints at a potential 40% correction
Cardano blockchain’s native asset, ADA, reached a new record high on Monday as investors pinned hopes on an upcoming smart contracts feature that expects to boost the cryptocurrency’s adoption. The ADA/USD exchange rate topped out at $2.899 around 9:00 am UTC, raising anticipations that it would easily close above $3 in the coming sessions. Many analysts, including pseudonymous chartist PostyXBT, noted that the Cardano token had entered a “price discovery mode.” Meanwhile, David Gokhshtein hinted that ADA/USD might continue its bull run until Sep. 12, the day Cardano is going to integrate a smart contracts feature to its blockchain via the “Alonzo” upgrade. $ADA is just a monster right now. I’m trying to figure out it’s price before 9/12/2021. — David Gokhshtein (@davidgokhshtein) Aug...
Iran to lift Bitcoin mining ban in September
Iran will once again allow Bitcoin and crypto miners to operate in the country from the last week of September. According to a report by Iran’s Financial Tribune, Tavanir, the country’s power generation organization, made the decision known earlier in August. As previously reported by Cointelegraph, Iran’s government banned Bitcoin (BTC) and crypto mining operations back in May. At the time, the decision was reportedly made to prevent miners from overburdening the grid during the hot summer months. Indeed, Bitcoin miners have been blamed for incessant blackouts and power shortages in Iran. Such has been the extent of the problem that Iran reportedly paused electricity exports to neighboring Afghanistan. In April, Chinese investors restarted the country’s largest Bitcoin mining center ...
Chinese province to cut off Bitcoin miners from hydropower stations
Regulators from Yingjiang County in Yunnan, China have issued strict warnings to hydroelectric plants against supplying power to enterprises involved in Bitcoin (BTC) mining. A recent report claimed that the Office of the People’s Government of Yingjiang County issued notice to hydropower plants to strengthen oversight on Bitcoin mining operations. According to the announcement, the power plants have been given until Tuesday, Aug. 24, to delist mining companies from their grid’s “illegal” supply. After the given deadline, the county reportedly plans to “forcibly dismantle” the power supply to Bitcoin mining establishments within its jurisdiction. Additionally, the notice requires hydropower stations to report to China’s National Development and Reform Commission (NDRC) after decommis...
