Bitcoin (BTC) dipped below $39,000 on Aug. 2 in what traders had long predicted would be a necessary reaction to recent gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin needs to hold mid-$30,000 zone Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $38,915 on Bitstamp Monday. After a successful weekend …
Continue reading “BTC price sees 6% correction in contrast to booming Bitcoin on-chain data”
Nonfungible tokens, or NFTs, are known by the mainstream as digital assets that represent real-world objects such as art, music and fashion, among others. Yet, while most of the world may be enamored by the high selling prices of NFTs launched by celebrities, athletes and other famous individuals, nonfungible tokens are starting to pique the …
Continue reading “NFTs are next for enterprise Ethereum, says ConsenSys founder Joe Lubin”
Digital asset exchange and payment platform Crypto.com says that the number of global crypto users has massively surged in the first half of 2021. In a new study, Crypto.com claims that the growth of the global crypto market has rapidly accelerated from 106 million users in January to 221 million users in June. Source: Crypto.com …
The Saudi Arabian Oil Company (Saudi Aramco) stirred interest among crypto enthusiasts last year after investing $5 million in blockchain-based oil trading company Vakt. While this move aimed to digitize and streamline post-trade processing, Saudi Aramco was also rumored to undertake Bitcoin (BTC) mining activities. However, Saudi Arabia’s state oil company released an official statement to …
Continue reading “Saudi Aramco dismisses ‘false and inaccurate’ rumors on Bitcoin mining”
Crypto as a payment option for real estate continues to gain traction as the adoption of digital currencies for commercial transactions continues to take shape. Scott Paul, founder of Utah-based marketing agency Wooly, put up his Saratoga Springs home for sale, with Dogecoin (DOGE) as an acceptable payment method, according to a report by Fox …
Continue reading “Brand executive posts discounted Utah home listing for Dogecoin”
Michael Saylor, CEO of business intelligence firm MicroStrategy, has staunchly defended the company’s bullish, long-term Bitcoin (BTC) position based on its unique potential to evolve into “the future of the property.” In an interview with Bloomberg TV, Saylor argued that MicroStrategy’s big bet on Bitcoin, which it has turned to the debt markets to sustain, …
Continue reading “There’s no reason not to hold Bitcoin for 100 years, Michael Saylor says”
South Korea’s top financial regulator, the Financial Services Commission, is reportedly planning to shut down a dozen local cryptocurrency exchanges amid fraud allegations. The FSC will suspend operations of at least 11 mid-sized crypto exchanges in South Korea due to alleged illegal activities and fraudulent collective accounts, local news agency The Korea Herald reported Sunday. …
Continue reading “South Korean regulator to reportedly shut down 11 crypto exchanges”
Rumors are circulating that Amazon could adopt crypto. Amazon, however, has denied those rumors. Last month, rumors emerged suggesting that Amazon will accept crypto payments. Meanwhile, Amazon itself has denied most speculation. Here’s what we know so far. In late July, Amazon published a new job posting that indicates the company plans to hire a …
Continue reading “Is Amazon Planning to Accept Crypto?: Here’s What We Know So Far”
Mukaya “Tai” Panich, Chief Venture and Investment Officer of Siam Commercial Bank’s venture arm SCB 10X, imagines a world in which decentralized finance (DeFi) powers the back-end of traditional finance companies. CryptoSlate talked to Panich about why Thailand’s oldest bank is bullish on DeFi and how its digital technology investment arm, which picks DeFi projects …
Continue reading “Why Thailand’s oldest bank is bullish on DeFi [EXCLUSIVE]”
Bitcoin and Dogecoin lost over 5% each Sunday night after a brief sell-off in the crypto markets. They regained most of the losses at press time, but futures traders were left nursing millions of dollars in losses. Bitcoin, Dogecoin fall. Ethereum remains stable BTC fell nearly $2,000 in a few hours—from $41,500 to under $39,200—briefly …
Continue reading “Dogecoin (DOGE), Bitcoin (BTC) recover after brief Sunday sell off”
Established in 2013, the firm Grayscale Investments has managed to become the world’s largest asset manager for digital currency. While initially starting with bitcoin, the company has since added a myriad of different crypto assets as Grayscale commands $36.34 billion in assets under management (AUM) between 13 different digital currencies. While the asset manager has …
Buda, a Chile-based cryptocurrency exchange, has started requesting selfie verification every time a user needs to withdraw funds to a new bitcoin address. This new measure now introduces a new layer of security for users to avoid getting their accounts hacked, but it will only be mandatory for those that don’t have 2FA activated. Buda …
A Kenyan insurance executive, Julius Kipng’etich has compared cryptocurrencies like bitcoin to Ponzi schemes and has urged his countrymen not “touch this.” In addition, Kipng’etich warned those already involved in crypto trading to be prepared for the consequences as this always “ends in tears.” Bitcoin as a Medium of Exchange Interestingly, when addressing attendees of …
press release PRESS RELEASE. Binstarter Protocol; the first and only Insurance Policy Protected IDO Launchpad Protocol is proud to announce to the crypto world that their highly anticipated public sales date has been scheduled on Aug 4th. According to former data collected on the seed sales, the upcoming public sales will have the biggest number …
Continue reading “Highly Anticipated Insured Launchpad, Binstarter to Open to the Public on Aug 4th”
Four low-cap crypto assets are surging, up 90% or more over the course of one week. As Bitcoin recovered this past week and summited $40,000 again, four altcoins jumped wildly in price, coming off their recent lows. ADVERTISEMENT The first crypto asset making a strong rally is blockchain-as-a-service provider Ardor (ARDR), which holds a …
Continue reading “These Four Low-Cap Altcoins Are All Up Over 90% or More in Just Seven Days”
