Finance Redefined: The shadow DeFi conference in Miami! June 2-9

Talking with big brains about DeFi, regulation, CBDCs, and institutional adoption at the Bitcoin conference in Miami! Last week, I made the mistake of being just about the only DeFi denizen who actually went to the Bitcoin 2021 event in Miami.  While I managed to catch up with a handful of builders and big brains …

Bitcoin price hits stock-to-flow rebound level not seen since 2017 all-time high

Deviation from the stock-to-flow average has always resulted in a reversal to new all-time highs, data shows. Bitcoin (BTC) spending over three weeks in the $30,000 range is proving a crucial test for one of its best-known price models. As noted by Philip Swift, co-founder of trading suite Decentrader on June 11, Bitcoin is issuing …

Arrington Capital to back Algorand projects with $100M growth fund

“The Arrington Algorand Growth Fund represents yet another key strategic pillar in supporting the momentum of those building on top of what we think is the best technical platform for regulated DeFi and the future of finance,” said Sean Ford, COO of Algorand. Support for the Algorand ecosystem appears to be growing, with digital asset …

Guild of Guardians pre-game registrations hit 133K as NFT sales surge

Guild of Guardians was developed by Stepico Games, a Ukraine-based game developer, and published by the Australian-based marketplace Immutable. The community behind Guild of Guardians, an NFT-based role-playing game, appears to be enthusiastic about the forthcoming title after they snatched up nearly all of the NFTs that were part of the so-called founder’s sale.  Since …

Bitcoin (BTC) Price Prediction: BTC/USD in a Rally as Bitcoin Turns from $39,000

Bitcoin (BTC) Price Prediction – June 10, 2021 BTC/USD price rallied to $38,337 as Bitcoin turns from $39,000 . The king coin is retracing after the resistance at the recent high. However, if buyers continue to push BTC price to break the $39,000 resistance and the bullish momentum is sustained; Bitcoin will be out of …

Polygon committing $10M to reach 1M users using 0x API

The project said it anticipated “an influx of new DeFi projects onboarding into the 0x ecosystem.” The network onboarding a large number of decentralized applications aims to hit one million users through 0x’s decentralized exchange liquidity aggregator API. In an announcement today, Polygon said its project would be committing $10.5 million towards securing decentralized finance …

Bullish Bitcoin newsflow gives bulls a boost ahead of Friday’s $565M options expiry

Bullish Bitcoin maneuvers from El Salvador, Victory Capital and MicroStrategy saved the day by giving bulls a much-needed boost and balancing out Friday’s BTC options expiry. On Friday, June 11, a total of $565 million in Bitcoin (BTC) options are set to expire. This is significant because the last couple of weeks have been a …

Sotheby’s auction sets new world record for $11.8M CryptoPunk sale

“NFTs are dead,” said the previous owner of the COVID Alien artwork once the auction closed. Luxury auction house Sotheby’s made waves on social media on Thursday following the sale of one rare CryptoPunk. In a tweet from Sotheby’s, the auction said CryptoPunk #7523 — also known as “COVID Alien” — sold in its London …

Bitcoin boon as US inflation hits 13-year high, wages fall to lowest in 21st century

It’s grim news for economists and a bittersweet advertisement for Bitcoin this week after the latest CPI report. Bitcoin (BTC) gained more free publicity this week as inflation data showed that prices are rising faster than even experts had anticipated. The latest Consumer Price Index (CPI) report on June 10 from the United States Bureau of Labor …

Dogecoin to the Moon: Everything You Need to Know About DOGE In 2021

Dogecoin is one of this year’s most notable cryptocurrencies. Year-to-date, it has risen in value by more than 13,000%, placing it among the seven largest coins by market cap. Here’s what you should know about Dogecoin, its future potential, and its risks. What Is Dogecoin? Dogecoin was created in 2013 by Billy Markus and Jackson …

Bitcoin Price Prediction: BTC/USD Trades Below $38,000 Resistance

Bitcoin Price Prediction – June 10 The Bitcoin price is currently down with 1.21% after touching the daily high of $38,425 as it is now moving towards the $36,000 support. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $44,000, $46,000, $48,000 Support Levels: $30,000, $28,000, $26,000 BTCUSD – Daily Chart The daily chart …

Ethereum 2.0 Contract Gains Another 1M ETH, Hitting a Total of 5.429M

The Ethereum 2.0 deposit contract has gained over 1M ETH since late April ETH2.0 deposit contract now holds 5.429 million Ethereum worth $13.697 Billion The Ethereum London hard fork is still on track for a July launch and one reason ETH investors keep staking their coins The London hard fork will introduce 5 Ethereum Improvement …

El Salvador Engineers Dig New 95MW Geothermal Well to Mine Bitcoin

Engineers in El Salvador have dug a new 95MW geothermal well The new geothermal well will provide renewable energy for the mining of Bitcoin This is after the country’s President requested the power company of LaGeo, to offer facilities for Bitcoin mining El Salvador is the first country to acknowledge Bitcoin as a form of …

China Arrests 1,100 People Allegedly Using Cryptocurrency to Launder Criminal Proceeds

Chinese authorities have announced that more than 170 criminal gangs have been eliminated and over 1,100 suspects arrested in the latest round of crackdown on criminal groups providing cryptocurrency money laundering services for telecom fraudsters. Crackdown on Telecom Fraud Using Cryptocurrency for Money Laundering The Ministry of Public Security of the People’s Republic of China …

XCarnival Secures $2 Million Seed Investment

Synthetic assets open up several opportunities for investors by not confining them to a specific location. If the concept excites you, there’s good news from XCarnival. Recently, XCarnival announced it has secured a two-million US dollar seed investment in its quest to reinvent synthetic assets in crypto. This investment was led by top crypto funds …

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