Former banking heads question foreign financial policies, workers paid with digital yuan in milestone pilot and a large Series A is closed by DeFi platform SynFutures. Our Man in Shanghai has refused to let recent regulations slow down the news coming from China. Enterprise blockchain, central bank digital currencies and start up projects continue to …
Monthly archives: June 2021
Bitcoin retests $37K support, gold and stocks drop lower over Fed comments
Steady BTC inflows to crypto exchanges and fallout from the Federal Reserve’s plan to hike interest rates dropped Bitcoin price to the $37,000 support. Bitcoin (BTC) price dropped another notch to $37,365 today after a failed attempt by bulls to retake the $40,000 level. The renewed slump comes as the stock market and commodities also pulled …
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Bulls aim to reclaim $40K ahead of Friday’s $520M BTC options expiry
Bulls will eliminate 99% of the bear’s protective puts if BTC trades above $40,000 on June 19. Bitcoin (BTC) bulls have little reason to celebrate the 25% rally over the past nine days. After testing the $31,000 support on June 8, top traders’ optimism faded, and even the recent $41,000 high was unable to boost …
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“Bitcoin maximalists? They can’t stop innovation,” says Mati Greenspan
Mati Greenspan shared some strong opinions about Bitcoin maximalists in this interview from Bitcoin 2021. In an exclusive interview with Cointelegraph during Bitcoin 2021 in Miami, Greenspan criticized a segment of Bitcoin (BTC) maximalists for being “small-minded and insecure,” pointing out that they don’t have control over the main cryptocurrency. “They cannot stop any kind …
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Crypto IRA integrates Coinbase Custody as trade volumes top $1.5B
Coinbase Custody will be used to further secure the cryptocurrency holdings of iTrustCapital clients. Cryptocurrency IRA and 401(k) provider iTrustCapital has integrated Coinbase Custody into its platform, offering retirement planners more robust security for their digital-asset investments. The integration means iTrustCapital clients will have their assets secured by Coinbase Custody’s cold storage, offering another layer …
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Yield Guild Games Raises $4 Million to Power Its Play-to-Earn Proposal
Yield Guild Games, an online gaming guild, has raised $4 million to power its play-to-earn proposal in a Series A funding round. The funding round was led by Bitkraft, a venture capital company specializing in e-sports investments. Other blockchain and crypto-related companies also participated. The company plans to include more gamers in its activities with …
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Decentralized Gaming Platform DeFi11 Eyes Expansion After $3.5M Raise
PRESS RELEASE. DeFi11, a decentralized gaming ecosystem, is introducing major changes to both revamp the platform and make it fairer to users as part of an expansion fuelled by recent funding. 17th June 2021, New Delhi, India – Fantasy sports have gained massive popularity in recent years. The market is expected to grow by 7% …
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SEC Seeks Commentary From ‘Interested’ Individuals on Vaneck Bitcoin ETF
The U.S. Securities and Exchange Commission (SEC) is currently seeking additional commentary from the public, as the regulating body ponders the Vaneck bitcoin exchange-traded fund (ETF) decision. In a notice published on Wednesday, the SEC thinks “interested persons” should provide comments on the proceedings. SEC Is Looking for Comments Concerning Vaneck’s Proposed Bitcoin ETF Listing …
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Iron Finance Token Slides From $64 to Near Zero Following ‘Large-Scale Crypto Bank Run’
The Iron Titanium token (TITAN) value has quaked a great deal after the project suffered from what the team called “the world’s first large-scale crypto bank run.” After touching a high of $64 per token on Wednesday, the project slid to near zero and remained worthless on Thursday afternoon. Iron Finance Claims Project Suffered from …
GOP U-turn: House Republicans begin accepting cryptocurrency donations
The GOP will accept crypto contributions through BitPay, allowing them to convert assets like Bitcoin and Ether into U.S. dollars. The National Republican Congressional Committee, or NRCC, announced Thursday that it will begin accepting campaign donations in cryptocurrency as a part of a broader effort to retake the House and stop Democrats from pursuing their …
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Not sure if the bulls are back? Here’s how the golden cross spots trend reversals
This key moving average convergence is a strong signal that the market is shifting from bearish to bullish. The most important aspect in trading is to correctly identify the long-term trend. Once this is done, the rest of the steps are not very difficult because all a trader needs to do is look for buying …
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Hawaii had largest increase in demand for crypto out of US states this year
“Around 6% of the U.S. population now use or own crypto, and the trend is growing,” said the report. A new report from MiQ Digital indicates that demand for cryptocurrency has increased the most in the U.S. states of Hawaii and California in 2021. According to data gathered from Google Trends comparing the average interest …
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As NFT market cools, a chance to learn lessons from its explosive growth
What’s next for the NFT industry? Now the heat has escaped the market, there’s an opportunity to tackle some of the obstacles that arose during the sector’s explosive growth. What a difference three months makes. Back in March, there was a jubilant atmosphere when Beeple’s mega nonfungible token sold for $69.3 million. You didn’t have …
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NASCAR driver opts for crypto payment in sponsorship deal
“There are a handful of pilots who like crypto, but I am probably one of the ones who has been around long enough and I am quite comfortable with how it works,” said Landon Cassill. Landon Cassill, a professional race car driver in NASCAR’s Xfinity Series, will be receiving part of his salary in Bitcoin …
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NBA 76ers joins fan token platform Socios
The platform has previously partnered with an NHL team as well as the UFC, but this is the first time an NBA franchise will integrate its branding. Socios, the blockchain-based platform responsible for tokenizing many popular sports franchises, has said the Philadelphia 76ers basketball team will be joining its roster. In a Thursday announcement from …
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