Bitcoin (BTC) and most major altcoins seem to be faltering near their respective overhead resistance levels. This suggests that some investors are continuing to sell at higher levels. However, 21st Paradigm co-founder Dylan LeClair said that on-chain data shows “big transfer volumes from over-the-counter (OTC) desks over the last week.” Cointelegraph also recently highlighted a …
Continue reading “Price analysis 7/30: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC”
Robinhood shares suffered a lackluster performance on Thursday, sinking dramatically in a market debut that indicated flat investor demand. By the end of the New York session, $HOOD closed 8.4% lower, having earlier sunk by as much as 12%. The popular fee-free trading app gained notoriety earlier this year. Young and “un-professional” traders turned to …
Continue reading “Robinhood’s Nasdaq debut ends with sputter, can Dogecoin (DOGE) save it?”
According to a Ripple market report, the average daily trading volume (ADV) of XRP has soared, almost doubling to $4.49 billion in the second quarter of the year, compared to the $2.26 billion recorded in the first three months of 2021, while the token witnessed four of the highest volume days ever recorded. XRP is currently the …
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While non-fungible token (NFT) collectibles have been all the rage, a few projects have been developing the concept of fractionalized NFTs so investors without deep pockets can purchase shares of an expensive collectible. On Thursday, the firm Otis revealed that people can invest in an NFT created by the world-famous Canadian musician and record producer …
Last February the crypto community was obsessed with a specific dogecoin address that happens to be the largest dogecoin holder today with over 36 billion DOGE. One armchair sleuth studied a number of onchain transactions and suspected the company Robinhood owned the wallet. Now the individual has researched the topic again and claims the latest …
Finland’s customs authority is looking for brokers to sell 1,981 bitcoins seized in drug cases. The coins are currently worth nearly $80 million. Finland’s customs authority announced Thursday that it is seeking brokers to sell 1,981 bitcoins seized in drug busts, Bloomberg reported, noting that the coins were forfeited to the state by court order. …
Continue reading “Finland Looking for Brokers to Sell Seized Bitcoins Worth $80 Million”
The securities regulator of Malaysia has taken enforcement actions against the global cryptocurrency exchange Binance. Noting that the exchange is operating illegally in the country, the regulator has advised those who currently have accounts with Binance “to immediately cease trading through its platforms and to withdraw all their investments immediately.” Malaysia Issues Public Reprimand Against …
Two crypto firms are partnering on a product that they say will allow Bitcoin (BTC) miners to deposit tax-free BTC into an individual retirement account (IRA). The Bitcoin mining marketplace Compass Mining says its miners can now use accounts from IRA provider Choice to avoid income taxes on their mining revenue in the short term …
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The U.S. Marshals Service (USMS) is hiring crypto custody firm Anchorage Digital to handle a trove of seized cryptocurrencies including Bitcoin, Ethereum, Litecoin and Bitcoin Cash. The USMS is a law enforcement agency of the U.S. Department of Justice and a key part of the department’s Asset Forfeiture Program. The USMS’s Asset Forfeiture Division seeks …
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US Representative for North Carolina Ted Budd (R-NC) says that the US can adopt crypto-friendly regulations amid fear of the evolution of blockchain and decentralized finance (DeFi). In an interview on the Maker Speaker Series sponsored by DeFi protocol MakerDAO, the US lawmaker says that some of his colleagues in the House Financial Services Committee …
New York-based asset management firm GoldenTree has reportedly added Bitcoin to its balance sheet, though the amount of this supposed investment remains unknown. According to a Friday report from financial news outlet The Street, the firm with roughly $45 billion in assets under management has purchased some Bitcoin (BTC) but has seemingly shied away from …
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Binance has fully integrated the Polygon (MATIC) mainnet onto its platform, according to a press release. From now on, Binance traders can deposit and withdraw MATIC through their Binance accounts while also interacting with decentralized applications, or DApps, like Sushiswap, Balancer, Aave, and more. This integration is meant to ensure that traders can utilize said …
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Women looking for a way to enter a male-dominated space like crypto and blockchain may be drawn in by nonfungible tokens, according to Women in Blockchain Talks founder and host Lavinia Osbourne. Though the ongoing pandemic has left people in many countries in financial trouble — whether by losing their jobs, being unable to physically …
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US Senator Cynthia Lummis of Wyoming says the adoption of cryptocurrencies is being driven primarily by one thing. Senator Lummis says that a loose fiscal policy is working in favor of cryptocurrencies such as Bitcoin and is an “undesirable way” to popularize the asset class. ADVERTISEMENT “Big [government] spenders are (accidentally) doing far more …
Avalanche (AVAX) is replacing its months-old Avalanche-Ethereum Bridge, or AEB, with the aptly named Avalanche Bridge, or AB, according to a Medium post from the company. This newer bridge is allegedly fives times cheaper than the previous one and will act as a “growth engine” for the project’s future. The post notes that the AB …
Continue reading “Avalanche launches upgraded bridge, prepping DApps for mainstream adoption”
