Bitcoin (BTC) price appears to have faked out investors with its move to $42,000 last week and while the digital asset struggles to hold above $38,000, altcoins with strong fundamentals and real-world applications are gaining momentum. Terra (LUNA), a blockchain protocol that backs the fiat-pegged TerraUSD (UST) stablecoin, is one such project that has managed to …
Continue reading “Terra (LUNA) price rallies 162% while Bitcoin and altcoin prices drop”
Gary Gensler, chair of the United States Securities and Exchange Commission, or SEC, believes that the blockchain revolution started by Satoshi Nakamoto in 2008 is more than just a fad, but a real value proposition for the future of the internet. In an interview with the Aspen Security Forum on Tuesday, Gesler talked about his …
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Gelato Network, a protocol that automates smart contract executions on Ethereum (ETH), has integrated with decentralized finance (DeFi) aggregator Zerion to help users better manage liquidity when interacting with decentralized exchanges (DEXs) like Uniswap. The partnership enables Zerion’s over 200,000 monthly active users to have their Uniswap v3 positions managed automatically, Gelato Network announced Tuesday. …
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Crypto strategist and trader Michaël van de Poppe is outlining the levels where Ethereum, Theta Network, Terra and two more altcoins could stage the next leg up. The crypto analyst tells his 361,300 Twitter followers that he’s looking at two critical levels for Ethereum where bulls may step in to drive the price of ETH …
On Friday of last week, I got a press release from Grace at a music and public relations firm called 23, and Grace wanted to know if I was interested in running a feature on a series of nonfungible tokens, or NFTs. I almost instinctively replied “I am not, as I am actually exhausted reading …
Continue reading “Thanks to Bauhaus, I totally get NFTs now”
Last week’s momentum in Bitcoin has all but faded as (BTC) price is once again below the $39,000 level with bears and bulls locked in a heated battle for market dominance. Data from Cointelegraph Markets Pro and TradingView shows that while Bitcoin price falters, several altcoins like Voyager Token (VGX), Perpetual Protocol (PERP) and Terra (LUNA) have seen …
Continue reading “VGX, PERP and LUNA rally while Bitcoin price struggles to hold $38K”
An upcoming collaboration between Bakkt and Quiznos will allow customers to pay for meals at certain locations with Bitcoin (BTC). Customers will be able to pay in BTC at certain Quiznos shops in Colorado’s capital as part of an initial test run, according to a public statement on Tuesday. “The pilot will be available at select Quiznos …
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The Ethereum (ETH) network continues to be a major driving force behind decentralized finance, or DeFi, signaling the continuation of a trend that began around mid-2020, according to a new quarterly DeFi report by ConsenSys. Toward the end of June 2021, 2.91 million unique Ethereum addresses interacted with at least one DeFi protocol, representing 65% …
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In a new report titled “Understanding Crypto: What banks need to know,” the American Bankers Association (ABA) has urged banks across the country to partner with crypto firms. The need for banks to partner with crypto firms, according to the report, is due to the increased profitability of the sector and rising client interest. In …
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During the first half of the year, non-fungible token (NFT) sales surged to $2.5 billion in 2021, and trade volume shows the trend hasn’t slowed down. For instance, July saw a record $363 million spent on approximately 157,801 NFT sales. Meanwhile, as new NFTs enter the space every day, older Rare Pepe NFTs from 2016 …
Wells Fargo, one of the largest wealth managers in the U.S., has reportedly started offering crypto investments to its wealth management clients. Wells Fargo Offers Crypto Exposure A spokesperson for American financial services company Wells Fargo reportedly confirmed to Business Insider Friday that the company has started offering cryptocurrency exposure to its wealth management clients. …
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A court has ordered one of Russia’s largest banks to lift restrictions imposed on the accounts of a Russian citizen who was selling digital coins on cryptocurrency exchanges. The state-owned giant Sberbank will now have to unblock its client’s cards and restore his access to its online banking platform. Regional Court in Russia Rules in …
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sponsored Fundraising has experienced a dramatic change over the past ten years. What was once limited to individuals with a specific acumen, network, and level of capital is now accessible to anyone with an internet connection. New technologies and platforms allow the average retail investor to become an early supporter of some of the most …
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A South African court has granted liquidators of the collapsed bitcoin investment firm Africrypt the powers to track down missing investor funds. Also, as part of the court decision, Africrypt liquidators will now have the authority to sell assets and property belonging to the company. Africrypt’s Evidence Under the Microscope According to a report, the …
Veteran crypto trader and analyst Tone Vays is unveiling his worst-case scenario for Bitcoin in the short term. In a new strategy session with on-chain analyst Willy Woo, Vays says that with Bitcoin’s recent piercing of the $42,000 level, he’s less convinced of a significant move down for BTC as he expects the king crypto …
