A top trader is mapping out Ethereum’s path ahead, predicting that the asset will follow in Cardano’s footsteps. ADVERTISEMENT In a series of tweets, pseudonymous crypto trader Capo notes that Cardano (ADA) recently retraced against Bitcoin (BTC), indicating that a similar move could be in store for Ethereum (ETH), the second-largest asset by market …
Monthly archives: July 2021
Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors
The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or ETFs that performs in parallel with Bitcoin (BTC). ProFunds provides an alternative to the traditional methods of holding cryptocurrencies via wallets or crypto exchanges with this service. Sharing details on how …
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Solana based cross-chain exchange Saber raises $7.7M to expand team and tokens
Solana-based cross-chain exchange Saber raised $7.7 million in a seed funding round. The platform launched last month and enables the cross-chain exchange of stablecoins and wrapped assets. Saber Labs, the development team behind Saber, announced the funding round on July 28. The development team is currently a three-person unit and the firm will use the …
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‘Bitcoin Capital of the World’, aka Miami, Gears Up for Crypto Splash With MiamiCoin
The mayor of Miami, Florida is spotlighting the city’s very own cryptocurrency. The new digital asset is designed to generate millions of dollars for the city’s economy – if people embrace it. ADVERTISEMENT Miami Mayor Francis Suarez appeared on Fox Business to discuss the city’s plans for its cryptocurrency, which was officially announced in …
Nano seeks $700K in costs from plaintiff who dropped class action with ‘absurd’ claims
An ongoing lawsuit involving crypto project Nano has taken another turn this week when the developers sought a sanction after the plaintiff dropped the case. The Nano team is after $701,000 in attorney fees and costs as a sanction after a token buyer dropped his proposed class action. On July 27, its legal team told …
Senators add crypto taxes to infrastructure deal to raise $28B in extra revenue
Last-minute additions to the bipartisan infrastructure deal in the United States Senate saw lawmakers propose expanded cryptocurrency taxation to raise an additional $28 billion in revenue. The proposal will implement tighter rules on businesses handling crypto, expand reporting requirements for brokers and mandate that digital asset transactions worth more than $10,000 are reported to the …
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Erik Voorhees lashes ‘disgusting’ behavior of Bitcoin maxis: ‘Not the community I come from’
Erik Voorhees, the founder and CEO of ShapeShift, has revealed in a podcast that he felt embarrassed and disgusted by the behavior of Bitcoin maximalists at the 2021 Bitcoin conference in Miami. A Bitcoin OG who can see some merit in altcoins, Voorhees spoke on a panel during day two of the Miami conference in …
BlockCrushr drops lawsuit accusing ConsenSys of stealing its IP
Canadian blockchain startup BlockCrushr has agreed to drop an intellectual property (IP) lawsuit against early backer, Ethereum-focused software engineering firm, ConsenSys. The two firms filed a joint agreement to dismiss the case on July 27, with the deal’s terms prohibiting BlockCrushr from attempting to pursue the matter in future. ConsenSys has characterized the agreement as …
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XRP jumps 19% as Ripple announces ODL corridor in crypto-friendly Japan
Ripple transfers 60 million XRP even as US SEC lawsuit crawls on To bolster its fair notice defence in a lawsuit filed by the Securities Exchange Commission (SEC), Ripple (XRP) claims two of their sitting Commissioners have spoken out about the lack of clarity on how securities laws apply to crypto. Meanwhile, Ripple and Binance …
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Bitcoin went to $58,000 the last time this price action happened. It’s back
Bitcoin went to $58,000 the last time this price action happened. It’s back Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Bitcoin › Analysis Market sentiment goes neutral after seven consecutive daily green closes. Can Bitcoin make it eight? Samuel Wan · July 29, 2021 at …
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Russian ‘Time Capsule’ to Facilitate Inheritance of Crypto Assets
Researchers in Moscow are developing a new service that will allow users to transfer digital data to their heirs, including crypto keys. The Russian “time capsule” will be capable of storing and relaying other private information as well such as a record of the whereabouts of valuable items. Russian Universities to Provide Service Allowing Crypto …
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Crypto Exchange Binance Plans to Be Regulated Financial Institution, Seeks CEO With Strong Compliance Background
Binance CEO Changpeng Zhao (CZ) says that his company wants “to be licensed everywhere” and “From now on, we’re going to be a financial institution.” Following warnings by a growing list of regulators worldwide, Zhao also revealed that Binance is seeking “a strong compliance background CEO to show our commitment to compliance as this is …
Mike Novogratz Says Institutions Are Buying Bitcoin, Politicians Need More Crypto Education
Galaxy Digital CEO Michael Novogratz says that cryptocurrencies, such as bitcoin, have bounced back because institutional investors are buying. Responding to U.S. Senator Elizabeth Warren’s anti-crypto stance, he stated, “We need to do a much better job going to D.C.” to educate lawmakers. Novogratz Says Institutions Are Buying Galaxy Digital CEO Mike Novogratz talked about …
Ripple and SBI Collaborate to Launch On-Demand Liquidity in Japan — XRP Surges
Ripple has launched its first On-Demand Liquidity (ODL) service implementation in Japan in partnership with SBI Remit, a large Japanese money transfer provider, and Philippine crypto exchange Coins.ph. Ripple, SBI, Coins.ph Collaborate to Launch Ripplenet’s On-Demand Liquidity Ripple Labs announced Wednesday “the launch of Ripplenet’s first live On-Demand Liquidity (ODL) service implementation in Japan” in …
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Bears scattered as Bitcoin hit $40K, but pro traders remain cautious
Bitcoin (BTC) traders might be feeling extra euphoric after the recent 35% rally, but data suggests bears are not too worried because a similar breakout took place in mid-July and the price failed to hold the $40,000 support. To understand how bullish investors are this time around, let’s take apart the derivatives data and look …
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