Crypto trader and influencer Lark Davis says four catalysts could ignite a major Ethereum rally in the near future. In a new video, Davis explains why he believes ETH is set to take off, first noting that last month Ethereum had about 200,000 more daily active addresses than Bitcoin. The popular crypto analyst also highlights …
Yearly archives: 2021
EY publishes an Ethereum scaling solution to the public domain
Ernest & Young’s (EY’s) attempts to promote secure and private transactions over public blockchains at cheaper costs has culminated in the release of Nightfall 3. The company announced the news via a release on July 1, stating that Nightfall 3 combines zero-knowledge proofs with optimistic rollups — zk-Optimistic Rollups — to improve transaction efficiency on …
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Your keys, his coins — Cryptopia employee admits to stealing $172K in crypto
A former employee of the now-defunct cryptocurrency exchange Cryptopia has pleaded guilty to the theft of roughly $172,000 in cryptocurrency he obtained by making a copy of users’ private keys. According to a Monday report from New Zealand news outlet Stuff, the unnamed Cryptopia employee pleaded guilty in Christchurch District Court to the theft of …
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Bitcoin exchange supply hits a 6-month low as accumulation continues
The amount of Bitcoin (BTC) held on exchanges has been declining steadily since mid-May, offering reassurance that the worst of the market selloff has passed. At current levels, Bitcoin’s exchange supply is at its lowest level since early January, according to crypto analytics firm Santiment. “The 6-month low is a promising sign, as it generally …
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South Korean Shinhan Bank joins Klaytn’s blockchain governance council
Shinhan Bank, one of the largest banking institutions in South Korea, has entered into a partnership with Klaytn, a global blockchain platform developed by Kakao’s subsidiary Ground X. According to the Monday announcement, Shinhan Bank has joined Klaytn’s blockchain governance council and become a member of the co-governance of the Klaytn blockchain. As part of …
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Bitcoin price remains weak but exchange holdings drop, ETC, XDC, SNX, Jul. 5
BTC will look for a bounce as investors hold coins off exchanges. XDC was the best-performing coin of the week. ETC and SNX also supported. BTC Bitcoin’s weak bounce from the $30k support level continues at that brings risk for the coin. However, some are hopeful that the expiration of investor restrictions in the Grayscale …
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US Feds just sold $19 million in Bitcoin. Here’s why
The Department of Justice’s Northern District of Ohio received a significant return on the confiscated Bitcoin (BTC) forfeited after Mark Alex Simon’s conviction, accused of manufacturing and distribution of fraudulent identity documents or authentication features and conspiracy to launder money, according to Toledo’s local news. As per U.S. Attorney Bridget M. Brennan’s announcement last Thursday, …
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Ethereum, altcoins ‘chop’ as crucial Bitcoin metric sees 28% decline
Ethereum, altcoins ‘chop’ as crucial Bitcoin metric sees 28% decline Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Start Earning Interest Edge › Bitcoin · Ethereum › Analysis The crypto space saw choppy market conditions over the weekend as a crucial Bitcoin metric saw one of its biggest drops …
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Joe Biden Directs US Intelligence to Investigate Ransomware Attack Against Florida IT Firm
Joe Biden wants to crackdown on ransomware according to statements he made on Friday, after hackers hijacked software from a Miami-based IT supplier called Kaseya. Hundreds of American businesses were affected by the breach as the attackers encrypted the files of some 200 clients. Biden said on Friday that he’s ordered an investigation into the …
4,000 Institutional Funds in Germany Can Now Invest 20% of Portfolios in Crypto Assets
Around 4,000 institutional funds with almost 2 trillion euros in assets under management in Germany can now invest 20% of their portfolios in cryptocurrency, including bitcoin. The highly anticipated Fund Location Act (Fondsstandortgesetz) went into effect on July 1 in Germany. The German federal parliament, the Bundestag, cleared the legislation on April 22. Under this …
Share Buyback Magic: Financial Forecaster Says Stock Market Rally Is All ‘Smoke and Mirrors’
While the American economy witnesses small business failures across the nation, historical unemployment rates, major issues with the supply chain, countless product shortages, and the cost of goods and services inflating, the stock market continues to rally. The CEO of the Forward Thinking Group UK, Neil McCoy-Ward, thinks the current stock market is “completely disconnected …
Grayscale adds Cardano to Digital Large Cap Fund after rebalancing
In a recent development, Grayscale Investments announced an adjustment to its Grayscale Digital Large Cap Fund (OTCQX: GDLC) to include Cardano (ADA) as the third-largest holding. Reflecting the growing demand for crypto investments, the fund’s portfolio was adjusted by selling existing components for fiat currency and reinvesting it in Charles Hoskinson’s ADA token. As of …
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BTC price drops to fill Bitcoin futures gap as focus turns to $46.5K bull target
Bitcoin (BTC) traded at crucial support near $33,000 on Monday after a weekend of gains disappeared in hours. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin futures mark fresh price targets Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reversing bullish performance at $35,900 to drop just over 5% on the day. The U-turn …
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SNX hits multi-week highs as total value locked on Synthetix approaches $1 billion
Synthetix (SNX) spiked to its three-week high on Monday in reaction to a market-wide upside correction led by Bitcoin (BTC) and other top-cap digital assets. The Synthetix project’s native token reached $9.59 after rising four days in a row by up to 50%. That included a sharp 18.29% upswing in the previous daily session, sparked …
Ukrainian e-bank plans to offer Bitcoin trading in July
As the Ukrainian government progresses with cryptocurrency-related legislation, a major local e-bank is preparing to launch a debit card featuring Bitcoin (BTC) trading. Ukrainian online banking application Monobank has completed a pilot integration with a cryptocurrency trading platform, Monobank co-founder Oleg Gorokhovsky announced Monday. According to the executive, the new integration will enable Monobank users …
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