Analytics firm Santiment is weighing in on the state of Bitcoin and Ethereum as investors wait for the crypto markets to make their next move after a modest bounce in recent days. Santiment highlights two metrics that suggest Ethereum could be at a better-than-average spot for long trades. ADVERTISEMENT The first one is the …
Monthly archives: June 2021
Here’s Why Bitcoin Needs More Time To Recover, According to Crypto Trader Cantering Clark
Popular crypto trader and analyst Cantering Clark believes Bitcoin is due for an extended cooldown period before continuing its historic bull run. After a powerful rally to a high of $64,804, Bitcoin took a sharp 50% correction in May following a wave of bad news, including fears of China crackdowns on miners and Tesla restricting …
Bulls are back, but regulatory fears hamper the DeFi and altcoin recovery
On May 19, the total cryptocurrency market capitalization nosedived by 19% and has since failed to recover to the $1.8 trillion mark. More than 40 days have passed, and investors have begun to question what could happen to altcoins if the current bear market takes longer than expected to recover. Before digging into that, analysts …
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Altcoins bag double-digit gains as Bitcoin price approaches $37,000
Cryptocurrency prices surged on June 29 as Bitcoin (BTC) price pushed through the $35,000 resistance level and lifted the total market cap by $93 billion, with $50 billion of that total flooding into altcoins. Bitcoin put on a 7% gain on the day to climb back above $36,000 and leading traders to expect a rally to the …
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Crypto.com announces global partnership with Formula 1
Cryptocurrency exchange Crypto.com has announced it will partner with Formula 1 in its racing series this year. In an announcement today, Formula 1 said Crypto.com would be the new global and inaugural partner for its 2021 Sprint series, scheduled to begin on July 17. As part of the agreement — which CNBC reported to be …
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IAGON Raises $3.4M Funding To Build First Data Platform on Cardano
June 29, 2021 – Oslo, Norway IAGON, a startup focused on leveraging blockchain to build a decentralized big data platform, has raised $3.4 million in seed and private funding from a group of reputable crypto-centric investment funds. The funding rounds were led by LedgerLink Labs and saw participation from Blockchain Israel, AU21 Capital, Kirin Fund, …
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Elon Musk Wants Crypto Enthusiasts To Support New Dogecoin Change Proposal
Tesla CEO and the world’s second-richest person Elon Musk is backing a proposal that seeks to introduce a new fee structure and policy for Dogecoin (DOGE). The billionaire tells his 57.5 million Twitter followers that it is “important to support” the proposal put forth by core Dogecoin developer Patrick Lodder. ADVERTISEMENT The proposal titled …
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Argo Blockchain receives $20M Bitcoin-backed loan from Galaxy Digital for Texas mining facility
Galaxy Digital has issued a $20 million loan to U.K.-based crypto mining company Argo Blockchain for building a data center in West Texas. In a Tuesday announcement from Argo, the firm said it had secured £14 million — roughly $19.4 million at time of publication — in a six-month loan agreement from Galaxy Digital using …
John McAfee’s suicide reports raise disbelief, spark conspiracy theories
Often a figure of ridicule within the crypto community thanks to his outlandish predictions as well as being a larger-than-life personality, John McAfee has ceased to be in the spotlight of the crypto community. However, following his alleged “suicide” that occurred in a Spanish prison cell on June 23, tributes have been flowing en masse …
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Dogecoin (DOGE) Could Go to $0.08 – Crypto Analyst
According to Timothy Peterson, Dogecoin could drop to $0.08 if the crypto-verse enters a bear market Dogecoin could fall this low based on DOGE breaking a rank-size distribution pattern Bitfinex Whale @Joe007 is for the opinion that the crypto markets are overvalued if DOGE is still above 1 cent Dogecoin is now trading at $0.269 …
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Crypto.com Becomes a Global Partner of Formula 1
Formula 1 has announced a global partnership with Crypto.com Crypto.com is now a global partner and inaugural partner of the new Sprint series of 2021 The partnership will kick off on Saturday 17th July at Silverstone Crypto.com and Formula 1 will work together for the remainder of the 2021 season More crypto projects are inking …
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Bitcoin’s ‘biggest buyer’ is seemingly selling BTC, here’s why
Lyn Alden, the founder of Lyn Alden Investment Strategy company, a firm famous for providing market research to several individual investors and financial professionals and institutions, argued in a recent tweet that the demise of Grayscale’s neutral arbitrage trade has played a part in Bitcoin’s ‘top.’ GBTC, a popular institutional vehicle for trading Bitcoin, is …
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Morgan Stanley exposed to 26.5 BTC via Grayscale Bitcoin Trust
$270 billion fund Guggenheim is seeking Bitcoin exposure, SEC filing shows Guggenheim Partners, one of the world’s largest fund managers with $270 billion in client assets under management, is seeking exposure to Bitcoin as part of a new fund, a filing with the US Securities and Exchange Commission (SEC) showed yesterday. 2 min read → …
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Coinbase Approved to Enter German Cryptocurrency Market
Cryptocurrency exchange Coinbase has obtained approval from Germany’s financial regulator, Bafin, to provide cryptocurrency trading and custody services. Coinbase Germany will launch in the coming weeks. Coinbase, a Nasdaq-listed company, announced Monday that it has secured a cryptocurrency license in Germany. The company explained: “The German Federal Financial Supervisory Authority (Bafin) has awarded Coinbase Germany …
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Standard Chartered, Fidelity, TP ICAP to Launch Cryptocurrency Trading Platform
Fidelity, Standard Chartered Bank, and TP ICAP are collaborating to launch a cryptocurrency trading platform. It will feature a marketplace for spot crypto trading and provide “connectivity and post-trade infrastructure into a network of digital assets custodians.” TP ICAP, a leading provider of market infrastructure, announced Tuesday that it is launching a cryptocurrency trading platform …
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