Ether (ETH) and Bitcoin (BTC) pulled back on July 28 as investors awaited fresh guidance from the Federal Reserve. ETH price slipped by 0.57% to $2,857, while the BTC/USD prices were up 0.68%, changing hands at $39,739 at around 10:30 EST. Nonetheless, both the pairs reached their current levels following a downside correction from their …
Yearly archives: 2021
Bitcoin fails to flip $40K with traders eyeing $36K or lower for support
Bitcoin (BTC) saw tough resistance after nearing $41,000 on July 28 amid calls for consolidation of recent gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $40,000 yet to stick as new support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD pulling back below the $40,000 mark as Wednesday progressed. The pair had begun with …
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End of an era? Binance’s CZ to possibly step down amidst regulatory tensions
As one of the top cryptocurrency exchanges continues adapting to the regulatory landscape by tailoring its services and enforcing tougher know-your-customer policies (KYC), Binance’s founder and CEO Changpeng Zhao told Reuters he is prepared to step down and pass control to a leader with a robust set of skills, better fitting the current climate. Binance …
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Tether (USDT) slams Bloomberg over criminal probe accusations
The recent report about Tether (USDT) facing a criminal probe in the US, published by Bloomberg and covered by CryptoSlate, received a snappy response, in which the issuers of the largest stablecoin claimed the alleged accusations don’t constitute news but are published as clickbait. According to the report that cited three unnamed sources with direct …
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US Senator Says Cryptocurrencies Put Americans’ Hard-Earned Money at Risk
U.S. Senator Sherrod Brown says cryptocurrencies are not real dollars and they “put Americans’ hard-earned money at risk.” Referring to decentralized finance (defi) as “a shady, diffuse network of online funny money,” he said, “if we want a solution to Americans’ legitimate fears about our banking system, shady start-ups are not the answer.” Senator Brown’s …
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Relief Fund Has a Difficult Time Cashing Out the $1B Worth of SHIB Vitalik Buterin Donated
In mid-May, the co-founder of Ethereum, Vitalik Buterin, donated $1 billion worth of shiba inu (SHIB) tokens to India’s Crypto Covid Relief Fund (CCRF). Close to three months later, the CCRF organizers say they have been having issues cashing out the SHIB tokens and so far, only $20 million has been paid out. It’s Not …
Dvision Network Bringing a New NFT Experience on Enjin Blockchain Network
sponsored Dvision Network has emerged as one of the fastest-growing NFT and blockchain gaming protocols in recent months. The blockchain protocol has made significant progress since its inception and continues to create new milestones. The latest is a partnership with the leading NFT ecosystem provider and creator of the ERC-1155 token standard Enjin. Enjin is …
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Digital Euro to Handle ‘Almost Unlimited’ Payments, Estonian Central Bank Says After Test
A blockchain-based digital euro would be highly scalable allowing it to process an almost unlimited number of payments, the central bank of Estonia has concluded following a recent experiment. Central banks from several euro area countries and the ECB participated in the test, which also professed to show the digital currency’s carbon footprint would be …
10 Largest Ethereum Whales on Record Now Hold $48 Billion in ETH Shattering 5-Year High: Blockchain Analytics Firm Santiment
The biggest Ethereum whales across the globe are accumulating ETH, according to blockchain analytics firm Santiment. Santiment says the largest Ethereum wallets that are not owned by crypto exchanges are holding a total of 21.3 million ETH this week, shattering a five-year high. At time of writing, the supply held by Ethereum mega whales is …
Digital currency may be an answer to help the unbanked, Sen. Warren says
Senator and former United States presidential candidate Elizabeth Warren believes that the digital asset industry may be a tool to tackle some challenges in the traditional financial system. A known skeptic of cryptocurrencies like Bitcoin (BTC), Warren appeared to have softened her stance on the crypto industry in a CNBC Squawk Box interview on Wednesday, …
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Multi-chain infrastructure network Biconomy concludes $9M investment round
Biconomy, a multi-chain infrastructure network for decentralized applications, has concluded a $9 million private funding round that was co-led by venture firms DACM and Mechanism Capital. Ahmed Al-Balaghi, CEO of Biconomy, said his protocol has been designed to address some of the biggest challenges with Web 3.0 transactions, such as gas fees, Ether-only payments and …
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Crypto unicorn Amber Group launches NFT creator studio with TR Lab
Crypto-finance unicorn Amber Group has partnered with TR Lab to launch a new initiative to help creators access the booming NFT market, highlighting once again the rapid uptake of digital collectibles in various industries. The CreatorFi initiative was unveiled Wednesday as a new platform to help NFT creators go to market faster. This includes receiving …
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Law professor calls for crypto mining regulation during US Senate hearing
Tuesday’s crypto hearing before the United States Senate Committee on Banking, Housing and Urban Affairs also included a call for stricter regulations on cryptocurrency miners. Addressing the committee, professor Angela Walch claimed that miners held “meaningful power” over the way blockchain networks operate. According to Walch, miners can exploit their role of transaction ordering, which …
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Glassnode Looks at State of Bitcoin Amid ‘Extremely Quiet’ On-Chain Activity
Blockchain analytics firm Glassnode is looking at the state of Bitcoin after the world’s leading crypto by market cap launched a sudden rally starting over the weekend. In a new report, Glassnode says that one potentially bullish factor for Bitcoin is the growing number of wallet addresses receiving BTC, rather than sending it. ADVERTISEMENT …
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XRP price skyrockets by 17% as double bottom chart pattern takes shape
XRP price swung higher on July 28 as its parent company, Ripple, entered an agreement with SBI Remit to back a remittance corridor from Japan to the Philippines. Positive news boosts XRP price The Ripple blockchain’s native cryptocurrency, also ranked as the sixth-largest digital asset by market cap, reached its one-month high of $0.759 after …
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