The Swedish government has found itself in the unforeseen situation of paying out around $1.5 million worth of Bitcoin (BTC) to a convicted — and then jailed — drug dealer. Two years ago, the man was convicted in a Swedish court for having illegally earned 36 Bitcoin through online drug sales. Yet, Tove Kullberg, his …
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Bitcoin (BTC) abruptly exited lower levels to challenge firm resistance on Friday in further inspiration for bulls. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin coils up beneath major sell wall Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local highs of $47,415 on Bitstamp overnight on Thursday. The pair had received a welcome …
Continue reading “Bitcoin price returns above $47K as crypto market shrugs off Binance KYC news”
Robinhood’s recent disclosure of the major boost that crypto has contributed to its second-quarter financial earnings is worrying some financial analysts, largely due to the “outsized” role that Dogecoin (DOGE) trading has played. In an investor note this week, Wolfe Research’s Steven Cubak warned that “Robinhood’s growth within crypto is nothing short of remarkable, but …
Continue reading “Analysts warn of ‘acute’ Q3 slowdown in Robinhood’s DOGE-reliant growth”
In an effort to measure grassroots cryptocurrency adoption amid the massive growth seen in the crypto market over the year due to traction from industries, the just-published report of on-chain research firm Chainalysis has revealed a surge of over 880% in global adoption majorly driven by peer-to-peer platforms. The said index gives an objective measure …
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Terra’s native token LUNA rallied 79.66% during the past seven days as the protocol developed by South Korean firm Terraform Labs surpassed Polygon (MATIC), recording the third-highest total value locked (TVL) among blockchains. LUNA, which is part of an algorithmic balancing system that is used to stabilize the price of the protocol’s stablecoins, traded today …
Continue reading “$185 million worth of LUNA burned in past month as Terra user base grows”
Crypto analytics firm Glassnode says that three decentralized finance (DeFi) assets are looking bullish as demand for the sector heats up. DeFi is on the rise in August with decentralized lending and borrowing projects Compound (COMP), Aave (AAVE) and Maker (MKR) garnering huge interest in their products, according to Glassnode. ADVERTISEMENT The analytics firm …
Bitcoin Price Prediction – August 19 The Bitcoin price is currently trading at $46,576 after slipping below $43,955 at the opening of today’s trading. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $50,000, $52,000, $53,000 Support Levels: $42,000, $40,000, $38,000 BTCUSD – Daily Chart Buy Bitcoin Now BTC/USD and the entire cryptocurrency market …
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Mike Tyson bites the ear off NFTs Boxing legend Mike Tyson has dropped a series of tokenized collectibles on the heavyweight champion platform of the NFT world, OpenSea. The 55-year-old collaborated with digital artist Cory Van Lew to launch the “Mike Tyson NFT Collection,” which consists of 11 one-of-one NFTs up for auction, and six …
Two more Ethereum-based exchange-traded funds have been filed this week bringing the total to 23 crypto ETF filings so far in 2021. VanEck and ProShares are the latest two firms to reveal plans for institutional products focused on Ethereum. According to filings with the U.S. Securities and Exchange Commission on Aug. 18, VanEck is seeking …
Continue reading “23 and counting: VanEck and ProShares file for ETH futures ETFs”
Filings submitted by the $9 trillion multinational investment manager BlackRock reveal the firm has made significant investments in two leading publicly traded Bitcoin mining firms. A June 30 filing submitted to the U.S. Securities and Exchange Commission, unearthed by Forbes, shows that BlackRock owns a 6.71% stake in Marathon Digital Holdings (MARA) and 6.61% of …
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Leading U.S. exchange by trade volume, Coinbase, has revealed plans to add half a billion dollars worth of crypto to its balance sheet. Coinbase CEO, Brian Armstrong, announced that the company’s board had approved the crypto spending spree in an August 20 tweet, adding that Coinbase also plans to invest 10% of all profits generated …
Talking to Bloomberg, Vitalik Buterin spoke openly about various aspects of Ethereum, including perhaps the most challenging issue it faces to date, scalability. The Ethereum ecosystem features the most dApps and has the highest total value locked in native DeFi protocols. However, some say it has become the victim of its own success, as evidenced …
Continue reading “Vitalik Buterin: Ethereum (ETH) scalability has increased by a factor of 5”
Crypto transactions accounted for more than 41% of Robinhood’s total revenue in the second quarter, compared to 17% for the first three months of 2021, revealed the investing platform’s first earnings report since its recent stock market debut. Crypto accounted for $233 million, roughly 51%, of Robinhood’s $451 million transaction-based revenue that increased 141% in …
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Regulatory concerns surrounding Binance.us and its owner, Changpeng Zhou (CZ), have reportedly culminated in investors backing out of a $100 million funding round. The failed funding round also prompted Binance.us CEO Brian Brooks’ surprise decision to step down after serving as its executive for just three months. Brooks, the former Acting Comptroller of the Currency and former …
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Gary Gensler, chairman of the U.S. Securities and Exchange Commission stated that DeFi is highly centralized in certain aspects and urged projects working in the sector to register with the SEC. Speaking to The Wall Street Journal on Aug. 19, Gensler suggested that the decentralized notions implied by the term DeFi were “a bit of …
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