A number of altcoins are showing signs of life in the last seven days, with Ethereum breaking away from Bitcoin. Ethereum, the largest second cryptocurrency by market cap, has rallied 12.52% in the last week, according to CoinMarketCap. In the same timeframe, Bitcoin has shed 0.35%. ADVERTISEMENT One of the best-performing altcoins of late …
Monthly archives: July 2021
‘Compliance is a journey,’ says Binance CEO amid regulatory scrutiny
Amid intensifying concerns over Binance’s global regulatory issues, the company’s CEO and founder Changpeng Zhao has underscored the exchange’s commitment to cooperating with regulators. In an open letter on Tuesday, Zhao emphasized that the cryptocurrency industry has massively evolved over the past four years since Binance’s launch, while there is still a lot of regulatory …
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Shiden secures third parachain slot on Kusama
Shiden, the sister-project of leading Polkadot-native layer-two decentralized app hub, Astar Network (formerly Plasm Network), has won the third parachain auction for Polkadot’s experimental sister-network, Kusama. Shiden secured the slot with a total of 137,020 KSM tokens bonded — worth nearly $29 million at current prices. Shiden is a smart contract platform for Kusama-based DApps, …
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BlockFi starts shipping Visa-backed Bitcoin rewards credit cards
New York-based crypto loans and savings startup BlockFi launched its Bitcoin (BTC) rewards credit card today. The card is available to select approved customers on the United States waitlist. Officially named BlockFi Rewards Visa Signature Credit Card, the card was first announced at the end of last year by Visa and BlockFi. Available to use …
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Janice McAfee can’t ‘accept the suicide story’ about John’s death
Janice McAfee, the widow of anti-virus pioneer John McAfee, says that she can’t “accept the suicide story” relating to the death of her husband until an investigation has been completed. In a July 7 Twitter post, McAfee noted that she is still in shock, as she expressed her disbelief that the 75-year-old would kill himself …
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Survey: 40% of institutional crypto investors intend to buy a lot more
A new survey suggests that hedge fund executives, wealth managers, and institutional investors already holding crypto assets intend to increase their holdings. The survey, conducted by London-based crypto fund Nickel Digital Asset Management, revealed that 82% of the 100 investors and wealth managers polled expect to increase their exposure to digital assets between now and …
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Pro-crypto Congressman stacks, anti-crypto Congressman receives $100K from TradFi
News of two contrasting approaches to crypto from U.S. members of congress surfaced this week. Alabama Congressman Barry Moore has been loading up on cryptocurrencies such as Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE) over the past two months. Meanwhile anti-crypto California Congressman Brad Sherman — whose stated aim is to shut crypto down — …
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NFT sales top $2.5B in first half of 2021
Sales of nonfungible tokens (NFTs) have surged to record highs in the first half of 2021. There has been $2.5 billion in NFT sales in the first six months of this year according to DappRadar, a massive increase over the $13.7 million in sales for the same period in 2020. Citing stats from Dune Analytics, …
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Bitcoin Price Prediction: BTC/USD Retreats Below $35,000
Bitcoin Price Prediction – July 6 Today, the Bitcoin price tried to break above the $35,000 mark but with no success as the coin drops below the moving averages. BTC/USD Long-term Trend: Ranging (Daily Chart) Key levels: Resistance Levels: $38,000, $40,000, $42,000 Support Levels: $30,000, $28,000, $26,000 BTCUSD – Daily Chart Buy Bitcoin Now At …
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DOT Price Loses 1.3% in 24 Hours – How to Buy DOT Dip
The crypto market seems to be consolidating at higher levels as Bitcoin tries to clinch the $35K mark. Polkadot has also relied on this support to go to higher levels after having slight gains in the past week. The Polkadot network prides itself on being one of Ethereum’s competitors because of its high speeds. In …
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CAKE Price at $15.18 after 11.2% Rise in 24 Hours – Where to Buy CAKE
DeFi tokens are becoming one of the best investments in the crypto sphere. CAKE falls into this category, and just like other DeFi coins currently, it is on an upswing. Last month, Mark Cuban, a billionaire investor, stated that DeFi platforms are the greatest competition for traditional banks because of their potential. CAKE is trading …
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Uniswap Price Gains 10.2% to $22.36 – How to Buy UNI
DeFi tokens have been making massive gains this year, and Uniswap has not been left behind. Uniswap is among the few coins still trading at the green zone this week as the rest of the crypto market takes a dip. UNI is trading at $22.36 on major exchanges at the time of writing after a …
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5 Best Cryptocurrency To Buy Now – July 2021 Week 1
Cryptocurrencies have been in the media for a number of reasons in the last two years. Some of the reasons have bordered on their volatility and appeal to criminal elements. However, the one that has drawn the most interest has been their massive returns. Digital assets have outperformed the wider market by a large margin even …
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Back to the moon: Could the Robinhood IPO breathe new life into the ailing crypto market?
After much excitement and a series of fresh all-time highs for the likes of Bitcoin and other altcoins, the cryptocurrency market experienced a significant crash during May that left sentiment among investors at a new low. Although cryptocurrency markets are famously volatile, the sheer depths that the May 2021 crash delved into carried a sense …
DeFi summer 2.0? Synthetix, Aave, Sushi pump double digits
The decentralized finance (DeFi) landscape exploded independently from Bitcoin (BTC) last year and the so-called DeFi summer of 2020, which was ignited by emerging staking options, could have a sequel this year. Despite the recent price correction, judging by the latest jumps yield farming coins are on the rise and the liquidity mining hype could …
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