U.S. President Joe Biden is also expected to discuss crypto’s role in ransomware attacks during his meeting with Russian President Vladimir Putin on Wednesday. Maxine Waters, who represents California’s 43rd congressional district in the U.S. Congress, said she had organized a group of Democratic lawmakers for a deep dive on cryptocurrencies and central bank digital …
Monthly archives: June 2021
Bitcoin price hits $41K, then rejects after sellers defend the 200-MA
A breakout above $41,000 provoked selling near a key moving average but the move could just be a lower support retest. The overall mood of the cryptocurrency ecosystem is muted on June 15 with most altcoins trading flat while Bitcoin (BTC) bulls look for a daily close above $41,000 as a sign that the market …
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One in Five Kiwis Bullish on Crypto Investments, New Poll Suggests
Cryptocurrency investing has been rising in popularity among New Zealanders and a fifth of the respondents in a new survey either plan to or have already, put money into digital assets. The poll also found that young Kiwis are more likely to use micro-investing platforms than older generations. Over 20% of New Zealanders Plan to …
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Billionaire Mark Cuban Commends Defi Economy Dubbing It the ‘Next Great Growth Engine’
On June 13, the billionaire investor and co-host of the television series Shark Tank, Mark Cuban, explained his fascination with decentralized finance (defi) in an editorial published to his blog. Cuban details that many defi organizations are different because they are not corporate entities or based in the United States. He believes that “no one …
JPMorgan Is Stockpiling Cash – CEO Claims There’s a ‘Very Good Chance Inflation Will Be More Than Transitory’
Investment bank JPMorgan Chase is stockpiling cash according to the company’s CEO Jamie Dimon. The investment banker doesn’t seem to believe inflation is “transitory” and he thinks there’s a “very good chance” inflation could stick around. JPMorgan Chase CEO: ‘I Do Expect to See Higher Rates and More Inflation’ At the end of April, Bitcoin.com …
Fidelity Executive Believes Bitcoin’s Price ‘Bottom Is in’ After Last Month’s Market Carnage
On Monday, Jurrien Timmer, director of global macro at Fidelity, told his 56,000 Twitter followers his perspective on the current bitcoin prices. “In my view, it looks like the bottom is in,” the Fidelity executive explained, sharing a BTC/USD chart. Fidelity’s Jurrien Timmer Attempts to Call Bitcoin’s Bottom In mid-April, bitcoin (BTC) prices touched an …
El Salvador reportedly weighing paying employees in Bitcoin
A 2001 law on monetary integration in the country states that salaries and fees may only be paid in colónes or dollars. Rolando Castro, the Minister of Labor and Social Welfare in El Salvador has said that the government is discussing whether companies in the country should pay their employees in Bitcoin. According to local …
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The Chinese University of Hong Kong and ConsenSys create COVID-19 digital passport
The COVID-19 Digital Health Passport will be trialed by healthcare professionals in Hong Kong. Later on, patients will be able to access the passport through a mobile app. The Chinese University of Hong Kong, or CUHK, has partnered with Ethereum developer ConsenSys to launch a new blockchain-based Medoxie COVID-19 Digital Health Passport – a product …
As Yearn.Finance’s yield vaults grow, ‘crop’ projects define boundaries
Alchemix and Yearn.Finance appear to be squaring off with Curve and PoolTogether, but for now there appear to be harmonious solutions. With millions and even billions of dollars at stake, industrial-scale yield farming is leading to pockets of resistance as some projects refuse to be left with the chaff. In the past week, team members …
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DeFi exchange dYdX raises $65M in Series C fundraiser
The dYdX platform allows users to trade perpetual contracts with exposure to various crypto markets. It claims to have built the fastest decentralized exchange through layer-two solutions. Venture firms from across the blockchain industry have thrown their weight behind decentralized exchange developer dYdX, offering further evidence that investors are eyeing a further expansion of the …
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Synthetix Price Reaches $10.28 after 1% Uptrend – Where to Buy SNX
Synthetix is a protocol that allows the trading and issuing of synthetic assets on the Ethereum network. The Synthetic protocol is powered by the SNX token, which has created a space for itself in the rapidly growing crypto market. At the moment, SNX is stabilizing in its value. At the time of writing, the SNX …
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Traders look for Bitcoin price daily close at $41K to confirm bullish reversal
Bitcoin’s range breakout boosted sentiment but traders are waiting for a daily close above $41,000 before taking more decisive action. Bitcoin started the week with a strong breakout to $40,900, but today bulls are trying to hold Bitcoin price above the $40,000 level. As the price broke from the $31,000 to $39,000 range on June …
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Beer and horses? Combination takes to the digital space with branded NFTs
Is this the 21st century crypto-themed update to “bread and circuses”? The U.K. arm of pilsner beer brand Stella Artois is partnering with a digital horse racing game to release a series of nonfungible tokens. In a Tuesday announcement from Stella Artois’ U.K. brewery, the beer brand said users of the digital racing game ZED …
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Sotheby’s will auction World Wide Web source code as NFT
Describing NFTs as the “most appropriate means of ownership that exists,” a 65-year-old computer scientist will release a tokenized version of the World Wide Web code next week. British computer scientist Tim Berners-Lee, who developed the original source code for the World Wide Web, is making the data part of a nonfungible token (NFT) through …
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Latin American telecom company accepts crypto payments through BitPay
GoldConnect will be able to process crypto transactions made in Bitcoin, Ether and other digital assets through its new LatamConnect platform. GoldConnect, a Latin American telecommunications wholesaler, announced Tuesday that it will allow customers to pay with cryptocurrencies through payment processor BitPay, marking another important milestone in the region’s embrace of Bitcoin (BTC). Crypto payments …
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