July 1, 2021 – New York, New York Avalanche-based lending and borrowing protocol BENQI, and KUU, a decentralized liquidity underwriter for the Avalanche DeFi ecosystem, have announced a partnership to support BENQI’s on-chain liquidations. Additionally, KUU will be putting its under-utilized assets into BENQI to receive yield and maximize profitability. KUU provides reinforcing liquidity by …
Monthly archives: July 2021
3 reasons why analysts are turning bullish on Curve Finance (CRV)
Choppy markets after a major pullback offer ample time to take a survey of the cryptocurrency landscape and find solid projects with improving fundamentals that have caught the attention of analysts and tokenholders. One project that has piqued the interest of many, including researchers at Delphi Digital, is Curve Finance, a decentralized exchange for stablecoins …
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Blockware Mining raises $25 million to triple hash rate from Kentucky facility
Blockware announced Thursday that they have raised $25M in a second oversubscribed fundraising round. They plan to use the funds to expand their bitcoin mining operations in Kentucky, and will also install 8,000 more bitcoin mining rigs on its Paducah campus, where it recently purchased 5 acres of land. The company has already purchased the …
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1inch to launch dollar-pegged stablecoin with ICHI
Decentralized exchange aggregator 1inch has partnered with the ICHI platform to issue a new stablecoin pegged to the U.S. dollar. In a Thursday announcement, 1inch said it planned to mint a stablecoin “with a blend” of its native 1INCH token and USD Coin (USDC) through ICHI’s Decentralized Monetary Authority, or DMA. The new one1INCH stablecoin …
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Enjin’s EFI token sale nets $20 million as NFT aspirations grow
A public sale of EFI token on CoinList netted Enjin $20 million in proceeds, setting the stage for a successful launch of a nonfungible token, or NFT, network on Polkadot. A total of 40,089 users participated in the token sale, which closed in just two-and-a-half hours, Enjin announced Thursday. Over 600,000 users had registered for …
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Public Mint Partners With Abra To Tap Additional Source of Yield for EARN Platform
July 1, 2021 – San Francisco, California Public Mint, the fiat-based blockchain and payments infrastructure, has partnered with Abra, a leading wealth management platform with functionality for buying, selling, trading and earning interest on cryptocurrencies, to offer lucrative yield opportunities on the EARN program. Public Mint will deploy a portion of the funds allocated to …
Navigate the Market – Finding the Best Exchange With a Crypto Exchange Aggregator
As the hype around cryptocurrency exchanges has been increasing over the last couple of years, the community’s demand for the services is rising and their needs are changing, making crypto exchange providers go to all lengths. People nowadays require a service that allows them to be able to convert cryptocurrencies with no hassle, no custody, …
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JP Morgan Analyst Says This Indicator May Signal the End of Bitcoin Bear Phase
JP Morgan analyst Nikolaos Panigirtzoglou is sharing his thoughts on the current Bitcoin price action, hinting that the top cryptocurrency’s current bear phase may be coming to an end. In a new interview with CNBC, Panigirtzoglou says that over the past few weeks institutions appear to be reallocating funds from other cryptocurrencies back into Bitcoin, …
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Study names United States ‘most crypto-ready’ country
Despite not having a clear regulatory framework on cryptocurrencies, the United States has positioned itself as the “most crypto-ready” nation in the world based on several key metrics, such as Google searches, crypto ATM saturation and legislation. The 2021 Crypto-Ready Index, courtesy of research firm Crypto Head, gave the United States a top score of …
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‘Negative’ Bitcoin daily chart means bulls must defend $29K — Peter Brandt
Bitcoin (BTC) needs to stay above $29,000 to preserve the bullish case in the short term, famous trader Peter Brandt has warned. In a tweet on July 1, Brandt, well known for his shrewd BTC price calls in recent years, warned that the onus was on bulls to show Bitcoin’s strength. Brandt: Bitcoin daily performance …
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UK chancellor names CBDC on list of financial reforms for Treasury
Rishi Sunak, chancellor of the Exchequer for the United Kingdom, has included cryptocurrencies and stablecoins on the list of financial reforms the government plans to undertake in the next few years. Speaking to lawmakers at the Lord Mayor of London’s residence on Thursday, the chancellor said the U.K. government would be implementing recommendations to establish …
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Stablecoin insurance firm Bridge Mutual to protect against possible Tether depegging
While the value of stablecoins like Tether (USDT) and USD Coin (USDC) is designed to be pegged to another asset, such as the U.S. dollar, the crypto industry has fretted for years about the possibility of a major depegging — especially amid U.S. regulatory concerns about Tether, which has a current market capitalization of over $63 …
USD Coin (USDC) Issued on Tron (TRX) Exceeds $100 Million
Over $100 million in USD Coin (USDC) has been issued on the Tron network According to Tronscan, USDC token supply on Tron currently stands at 108,308,353.05 USDC on Tron is now live across all Circle products including all accounts and APIs The amount of USD Coin (USDC) issued on the Tron (TRX) network has now …
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BSC, Polygon Eclipse Ethereum in Daily Transactions Due to Lower Fees
Binance Smart Chain and Polygon networks are continually eclipsing Ethereum in daily transaction count In mid-May, BSC had a peak daily transaction count of 12 million, Polygon had 9 million whereas Ethereum had roughly 1.75 million The majority of the daily transactions on these networks are happening through Dapps Binance Smart Chain and Polygon have …
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Novogratz: China’s Bitcoin (BTC) ban was a positive in many ways
In a recent interview, Galaxy Digital CEO Mike Novogratz said Bitcoin had shown resilience in the face of FUD coming out of China. In an attempt to spin the narrative, Novogratz said the events of the past few weeks have been “an amazing test.” Judging by Bitcoin’s defense of $29k so far, he may have …
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