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Showing posts from July, 2021

3 reasons why Ethereum price might not hit $5,000 anytime soon

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Ethereum price might be bullish in the short term but there are a handful of factors that could keep the price pinned in its current range. from Cointelegraph.com News https://ift.tt/3zZFCnV via IFTTT

Pro traders look for this classic pattern to spot Bitcoin price reversals

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Crypto and stock traders view the inverse head-and-shoulders pattern as an early signal that a bullish trend reversal is in the making. from Cointelegraph.com News https://ift.tt/2TLFgC1 via IFTTT

Amazon rumored to be accepting Bitcoin, MicoStrategy pledges to buy more BTC despite losses, Bitcoin struggles at $40K: Hodler’s Digest, July 25-31

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German law allowing institutional funds to hold crypto comes into effect Aug. 2

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As much as $415 billion worth of investments could flow into cryptocurrencies as new laws governing German Spezialfonds go into effect. from Cointelegraph.com News https://ift.tt/3xgxGwT via IFTTT

Bitcoin 'supercycle' sets up Q4 BTC price top as illiquid supply hits all-time high

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Recent events mean that a Q4 "blow-off top" is now back on the menu as BTC price recovery clings to its 23% weekly gains. from Cointelegraph.com News https://ift.tt/3j6VGxA via IFTTT

If you have a Bitcoin miner, turn it on

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The opportunity in Bitcoin mining has never looked better, and the U.S. has the infrastructure to take the chance. from Cointelegraph.com News https://ift.tt/2Vk8tEz via IFTTT

Bitcoin for cash: Do crypto ATMs make buying BTC easier for the mainstream?

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Bitcoin ATMs may make it easier for the mainstream and unbanked to access crypto, but will security risks hamper adoption? from Cointelegraph.com News https://ift.tt/3j7Vb6n via IFTTT

Bitcoin records rare 10-day winning streak as BTC price taps $42K ceiling

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Daily chart data shows the strength of the current rally as a longstanding resistance level finally shows signs of falling. from Cointelegraph.com News https://ift.tt/3rX2uSB via IFTTT

The future of DeFi is spread across multiple blockchains

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As the decentralized space is growing at lightning speed, projects need to adapt to the multichain future or risk becoming irrelevant. from Cointelegraph.com News https://ift.tt/3zUq0SW via IFTTT

GoldenTree Asset Management is reportedly investing in Bitcoin

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At least three executives at the $45 billion firm have participated in a funding round for the blockchain-focused VC group Borderless Capital. from Cointelegraph.com News https://ift.tt/3yhYLRH via IFTTT

Binance completes Polygon wallet integration

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The company indicated that transactions should now be cheaper than utilizing the traditional Polygon-Ethereum bridge. from Cointelegraph.com News https://ift.tt/3ifcHGy via IFTTT

NFTs can be a good pathway to draw women into crypto, says Lavinia Osbourne

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Though nonfungible token projects are one path to entry, women are still underrepresented in many crypto and blockchain firms. from Cointelegraph.com News https://ift.tt/377su3J via IFTTT

Avalanche launches upgraded bridge, prepping DApps for mainstream adoption

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The new bridge is allegedly five times cheaper, faster, and more secure than before. The company says it is meant to act as a "growth engine" for future expansion. from Cointelegraph.com News https://ift.tt/2UX2khX via IFTTT

Cardano risks 60%-90% drop, warns trader with ADA painting a classic bearish pattern

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Spotted by veteran analyst Peter Brandt, the classic technical pattern can result in ADA price losing almost 90%. from Cointelegraph.com News https://ift.tt/3fbtc4o via IFTTT

Who takes gold in the crypto and blockchain Olympics?

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$25B investment firm adds 'riskier' Grayscale GBTC and ETHE for clients

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Wealthfront users will now be able to have up to 10% of their portfolios composed of the Grayscale Bitcoin and Ethereum Trusts. from Cointelegraph.com News https://ift.tt/3rJgOhg via IFTTT

Ukraine central bank now officially allowed to issue digital currency

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Ukraine’s newly-signed law titled “On Payment Services” requires close cooperation between the National Bank of Ukraine and private startups in the payment market. from Cointelegraph.com News https://ift.tt/2Wra8bV via IFTTT

A trade war misstep? China is vacating crypto battlefield to US banks

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Why is China forsaking cryptocurrencies at the same time that legacy U.S. banks, long wary of crypto, appear to be discovering its virtues? from Cointelegraph.com News https://ift.tt/3j6bEIk via IFTTT

Bitcoin accumulation accelerates among ‘whales’ and ‘fish’ with BTC rallying to $40K

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"This is just on-chain sentiment, though. The big question is, how does that correlate to the price action in general?" from Cointelegraph.com News https://ift.tt/3C16Hcy via IFTTT

Coinbase Ventures backs Ethereum-based streaming network

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Livepeer's $20 million Series B funding round saw participation from large VCs, including Coinbase Ventures, Coinfund, Northzone, 6th Man Ventures and Animal Ventures. from Cointelegraph.com News https://ift.tt/2UYSQCS via IFTTT

New bill proposes US Treasury to have full authority over fiat stablecoins

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The bill also calls for the Federal Reserve to be vested with the clear authority to issue a digital dollar. from Cointelegraph.com News https://ift.tt/3j3rNhz via IFTTT

Binance banned in Malaysia, given 14 days notice to shut down operations

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The crypto exchange has been served with a notice to stop offering its services in the country. from Cointelegraph.com News https://ift.tt/2WBAWq9 via IFTTT

Crypto-friendly app Robinhood loses 8% in public Nasdaq debut

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Unlike traditional IPOs with a six-month lockup period, Robinhood will allow its employees to sell 15% of its shares immediately after the public debut. from Cointelegraph.com News https://ift.tt/3iWmoIY via IFTTT

Binance to shut down crypto derivatives trading in Europe

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Binance moves to suspend derivatives trading in Europe, starting with Germany, Italy and Netherlands. from Cointelegraph.com News https://ift.tt/3zIwVhU via IFTTT

Bitcoin OTC desks buzz as analyst warns big players 'want your Bitcoin'

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There's no shortage of demand for Bitcoin at current prices, but volatility to the downside is back on Friday. from Cointelegraph.com News https://ift.tt/2TN4U9E via IFTTT

We have to be in the crypto space, Mastercard CEO says

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Mastercard is angling to become the go-to for governments and private entities when testing and rolling out central bank digital currencies or stablecoins. from Cointelegraph.com News https://ift.tt/3j10Qex via IFTTT

Large VCs are sidelining smaller crypto investors, PwC crypto lead says

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Inflated valuations for crypto businesses have raised the bar for small investors to participate in the ongoing innovation. from Cointelegraph.com News https://ift.tt/3l8z7Ly via IFTTT

State Street to launch crypto services for private funds clients

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After leading Lukka’s Series C funding round in late 2020, State Street partners with the firm to offer new digital asset services. from Cointelegraph.com News https://ift.tt/3f8p84T via IFTTT

How yield farming on decentralized exchanges can become less risky

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DeFi brings an opportunity to access the yields unseen in traditional finance, now with the competitive risk levels. from Cointelegraph.com News https://ift.tt/2WvPaIV via IFTTT

Nifty news: Polyient marketplace, Ronaldinho drop, and a 'staggering' $4800 NFT sale ...

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Polyient is launching an NFT marketplace with DeFi features, Ronaldinho has entered the NFT market and Vitalik Buterin has digitally signed an NFT for very little money. from Cointelegraph.com News https://ift.tt/3iclWr9 via IFTTT

Synthetix turns on layer-two alpha, launches Olympics betting on options platform

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Users of the Synthetix-based Thales platform can now bet on the outcome of Olympic events. from Cointelegraph.com News https://ift.tt/3fdOBKx via IFTTT

FinCEN's new digital currency advisor says crypto's 'just another means of payment'

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FinCEN digital currency advisor, Michele Korver, believes cryptocurrency is a natural evolution in financial technology. from Cointelegraph.com News https://ift.tt/3yf8Izs via IFTTT

Altcoins pump while traders anticipate a lower support test from Bitcoin

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RUNE, QNT and PERP continue to gather strength even as analysts expect a lower support test for Bitcoin price. from Cointelegraph.com News https://ift.tt/3ydAc8B via IFTTT

Ethereum price can hit $14K if the March 2020 chart fractal holds

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One trader spotted the fractal, which employs three classic technical indicators to predict an upside trend for Ethereum. from Cointelegraph.com News https://ift.tt/2V5OlWS via IFTTT

Algorithmic stablecoins show promise of reducing volatility — ShapeShift

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“Stablecoin experimentation is happening in real-time with billions of dollars at stake in this vast permissionless lab we call DeFi,” reads a new research report from ShapeShift. The author focuses on the rise of algorithmic stablecoins and their potential use cases. from Cointelegraph.com News https://ift.tt/3fc4b9v via IFTTT

Greenidge Generation will use BTC mining profits to build solar farm

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According to the mining firm, it aims to create high-tech jobs for residents and support local businesses with the solar farm. from Cointelegraph.com News https://ift.tt/3j3Gtx1 via IFTTT

Western nations need better public-private cooperation on crypto, says Mohamed El-Erian

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The famous economist has warned that western nations risk losing out to China in the emerging digital economy if they continue to be dismissive of crypto. from Cointelegraph.com News https://ift.tt/3A2jp99 via IFTTT

COIN price fails to impress as more crypto firms are eager to go public

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One of the best options for larger crypto companies to maximize their liquidity reserves seems to be by going public. from Cointelegraph.com News https://ift.tt/3j52s77 via IFTTT

Crypto population doubled to over 200M users since January, report says

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It only took four months for the crypto population to almost double from 106 million in February to 203 million in May, according to a new Crypto.com report. from Cointelegraph.com News https://ift.tt/3ibzvqQ via IFTTT

Is Bitcoin a religion? If not, it soon could be

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Bitcoin struggles at $40K after ‘most confusing’ Jerome Powell press conference

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The Federal Reserve Chairman had to explain what he meant by the term "transitory" inflation as he admitted that consumer prices have gone higher than he and other central bank officials had anticipated. from Cointelegraph.com News https://ift.tt/2UV9JhM via IFTTT

Bitcoin open interest mimics Q4 2020 as new report ‘cautiously optimistic’ on BTC rally

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An allusion to the start of this year’s bullish progress comes as $40,000 refuses to go quietly as resistance. from Cointelegraph.com News https://ift.tt/3i77BMy via IFTTT

Bitcoin hash rate rebounds as major miners are coming back online

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Restrictions in China have forced homegrown Bitcoin miners to move out to crypto-friendly nations such as Canada, Kazakhstan and the United States. from Cointelegraph.com News https://ift.tt/2VgbgP5 via IFTTT

Bitcoin inheritance tool to use cloud service by Russian Sberbank

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A new project in Russia aims to enable secure storage of inherited digital possessions like Bitcoin using a cloud-based service of state-owned Sberbank. from Cointelegraph.com News https://ift.tt/3zNb1Kh via IFTTT

EU entrusts $30M to new blockchain and digital assets fund

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The European Investment Fund invested $30 million in a new $120 million blockchain and digital assets fund, highlighting the sector’s “strategic importance” for the EU. from Cointelegraph.com News https://ift.tt/3i6NbDj via IFTTT

Cointelegraph Consulting: Rarible’s daily transactions see a rapid decline

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The daily transaction volume on NFT auction site Rarible has dropped significantly since peaking in April 2021 and has not recovered since. from Cointelegraph.com News https://ift.tt/374Fes0 via IFTTT

US–Japan digital trade deal should include crypto: American think tank

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Analysts at the Rand Corporation say crypto as part of the bilateral digital trade could lay the groundwork for cryptocurrency adoption in international trade. from Cointelegraph.com News https://ift.tt/3BV4yyY via IFTTT

Israeli gov't seeks to track crypto holdings above $61K

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Framed as a "war against black capital," Israel's Ministry of Finance estimates the new legislation could bring in $9.2 million in additional state revenues through tax. from Cointelegraph.com News https://ift.tt/3lcGL7B via IFTTT

EY aims to simplify cross-border withholding tax process with blockchain

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EY expects that its new blockchain-based withholding tax solution can lay a foundation for the European Commission’s withholding tax relief system. from Cointelegraph.com News https://ift.tt/3l9KAKO via IFTTT

Record 57K BTC leave exchanges in one day dropping Bitcoin reserves to pre-crash levels

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57,000 BTC leaves exchanges in a single day as demand returns with Bitcoin at the upper end of its multi-month trading corridor. from Cointelegraph.com News https://ift.tt/3zLyBHl via IFTTT