Aave hovered near its three-week high on Tuesday, helped by the prospects of its foray into the mainstream through the launch of an institutional lending platform. Fundamentals Dubbed as Aave Pro, the platform expects to become a “permissioned liquidity protocol” by offering institutions, corporates, and fintech clients access to decentralized finance (DeFi). That said, it would …
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China’s crackdown on Bitcoin (BTC) mining continues to face determined responses across the crypto ecosystem. One of the first BTC exchange operators and co-founder of Zap Protocol, Nick Spanos, said that the crackdown only proves Bitcoin is an unstoppable machine “if the world’s second-biggest economy can’t crush, devalue and manipulate Bitcoin.” Noting that the crackdown …
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Bybit, the world’s fifth-largest cryptocurrency derivatives exchange by trading volume, is planning to impose Know Your Customer rules. The Singapore-based company posted several statements on introducing major KYC policies on its platform in order to “improve security compliance for all traders.” A spokesperson for Bybit customer support told Cointelegraph that the new KYC rules are …
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Argo Blockchain, a publicly traded blockchain technology company focused on cryptocurrency mining, is looking at a potential secondary listing on the Nasdaq exchange. On Tuesday, the company announced that it is now exploring the possibility of a secondary listing on the Nasdaq as part of its operational and strategic update for June 2021. Argo Blockchain said …
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Auction houses such as Sotheby’s and Christie’s have begun to work with cryptocurrency and non-fungible tokens. Here’s why. This year, several auction houses dealing in fine art, jewelry, and collectibles began to work with cryptocurrency. Sotheby’s and Christie’s are now dealing in non-fungible tokens (NFTs) or cryptocollectibles and accepting Bitcoin and Ethereum as payment. Banksy’s …
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El Salvador’s proposed Bitcoin mine could earn hundreds of millions of dollars each year given the current network state, a top miner pointed out in a tweet today. Bitcoin revenues for El Salvador? The country made history last month after becoming the first-ever nation to recognize and classify Bitcoin as ‘legal tender,’ allowing citizens to …
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Global blockchain engineering company and the developer team behind the Cardano (ADA) blockchain, Input Output Hong Kong (IOHK), partnered up with a cryptocurrency lending platform Nexo. IOHK keeps announcing strategic partnerships as the crucial Alonzo upgrade that introduces the smart contract functionality to the Cardano blockchain runs its course. Symbiotic relationship Following Cardano’s latest strategic …
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While the U.S. ramps up discussions of a digital dollar and China’s central bank digital currency (CBDC) draws near, Japan’s CBDC, otherwise known as the digital yen, is getting closer to its realization as well. Japan’s ruling Liberal Democratic Party member, Hideki Murai, explained in a recent interview this week that more clarity on the …
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Axie Infinity, an Ethereum based game, is now one of the biggest successes of the play-to-earn model. Featuring NFT’s like the game characters, the game monetizes breeding these characters and selling them. As a result, there is now a growing demand for Axies, whose stats can make them reach high prices in markets. This has …
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Barclays has reported it no longer supports wiring funds to Binance, one of the largest cryptocurrency exchanges in terms of daily volume. The bank announced its issues with wiring funds to Binance in a resolution message to the customers today. The banking giant cites the warning that the Financial Conduct Authority (FCA) issued against Binance …
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Bitcoin Price Prediction – July 5The BTC/USD market operation holds close to the value of $35,000. The crypto’s value trades around the level of $34,743, putting up with a percentage increase rate of about 1.64. BTC/USD Market Key Levels:Resistance levels: $37,500, $42,500, $47,500Support levels: $30,000, $27,500, $25,000 BTC/USD – Daily ChartIt now majorly showcases on …
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BCH Trades Positions Underneath – July 5BCH/USD market activity trades positions underneath the value of $600. The crypto’s actual trading worth stands around at $514 as of writing at a percentage rate of about -2.57. Trades Positions Underneath: BCH MarketKey Levels:Resistance levels: $600, $800, $1,000Support levels: $400, $300, $200 BCH/USD – Daily ChartThe BCH/USD daily …
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XRP Price Ranges – July 5The market worth of Ripple XRP/USD’s price ranges around the value of $0.60 to trade at $0.65. The crypto’s percentage rate is estimated at -5.41 as of writing. Price Ranges: XRP Market Key Levels:Resistance levels: $0.80, $1, $1.20Support levels: $0.50, $0.40, $0.30 XRP/USD – Daily ChartThere have been variant smaller …
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The crypto market has endured a challenging period in the last two months. However, the nascent industry seems to be catching some tailwind with many protocols posting gains on the daily chart. In this article, we will show you the 5 next cryptocurrency to explode in July. 1. DeFi Coins (DEFC) Decentralized finance (DeFi) is …
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Popular crypto trader Aaron Arnold says that Dogecoin, Chainlink and three altcoins are gearing up for massive moves fueled by solid fundamental developments. In a new video, the host of Altcoin Daily tells his 872,000 subscribers that he’s keeping a close eye on virtual reality-focused Decentraland and its ERC20 token MANA. ADVERTISEMENT Arnold notes …
