The cryptocurrency market found itself in a state of cautious optimism on June 28 after Bitcoin (BTC) price briefly spiked above $35,500, renewing hopes that the bull trend will resume shortly. Despite the bullish move, some analysts have warned that the failure to secure a daily close above the $35,000 resistance is a sign that …
Continue reading “Key Bitcoin price indicator flashes its ‘fifth buy signal in BTC history’”
On June 25, the amount of Bitcoin (BTC) margin shorts at Bitfinex increased by 22,000, equivalent to $726 million. At the time, Cointelegraph reported that there was a significant increase in Bitfinex’s spot volume market share starting at 9 am UTC, matching the demand in the short margin. Data confirms that one (or more) whales …
Continue reading “Bitfinex shorts crumble, bears capitulate after Bitcoin holds above $30K”
On Monday, developers of the Ethereum Classic (ETC) blockchain announced a hard fork to implement the project’s latest version, now scheduled for launch in late July. The upgrade, which the community has dubbed “Magneto,” will include the four Ethereum Improvement Proposals, or EIPs, first seen in Ethereum’s Berlin upgrade earlier this year. These proposals are …
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June 28, 2021 – Geneva, Switzerland Olyseum, a blockchain-powered social ecosystem that rewards fan engagement, is excited to announce that it has launched the world’s first star-led experiential NFT (xNFT) platform. The platform aims to fundamentally change the landscape of fan engagement by taking NFTs to the next level. Olyseum enables gamified, authentic and meaningful …
The U.S. Securities and Exchange Commission (SEC) is attempting to block Ripple from calling upon the SEC’s former director of division of corporate finance to testify in the ongoing lawsuit between the two entities. According to a new court filing, the SEC requests that William Hinman not be deposed, claiming that Ripple does not have …
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The Federal Financial Supervisory Authority has issued a crypto custody business license for Coinbase’s Germany arm. In a Monday announcement, Germany’s Federal Financial Supervisory Authority, also known as BaFin, said it had issued Coinbase the first such license for a crypto exchange related to custodying digital assets in the country. The regulator said due to …
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Wall Street investment bank Morgan Stanley has gained exposure to Bitcoin (BTC) through Grayscale, offering further evidence of wider institutional acceptance of digital assets. The Morgan Stanley Europe Opportunity Fund, which invests in established and emerging companies throughout Europe, owned 28,298 shares of the Grayscale Bitcoin Trust, or GBTC, as of April 30, according to a …
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Internet Computer (ICP) rose to spotlight among day-traders after rising 41.69% on Sunday. The ICP/USD exchange rate closed the session at $42.98 after correcting lower from its intraday high of $45.01. At its quarter-to-date low, the pair was trading at $28.31. Meanwhile, on Monday, it surged to a new intraday high of $47.63. Therefore, its …
Continue reading “Internet Computer (ICP) logs revenge recovery after crashing 95% since launch”
Toronto-based crypto mining firm Hut 8 said it plans to increase its self-mined Bitcoin holdings based on its expectation it will be able to expand its hashrate by 400%. According to a Monday announcement, Hut 8 said it expects to hold 5,000 self-mined Bitcoin (BTC) — roughly $172 million — by the end of 2021, …
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Bitcoin Price Prediction – June 28 The Bitcoin price is finally seeing a glimpse of hope today with a decent 0.64% price increase trading close to the resistance of $35,500. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $40,000, $42,000, $43,000 Support Levels: $30,000, $28,000, $26,000 Buy Bitcoin Now According to the daily …
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The U.K crypto community is left confused after the country’s financial watchdog, the Financial Conduct Authority (FCA), published a report titled “Consumer warning on Binance Markets Limited and the Binance Group” over the weekend. This report reiterated comments made in an October 2020 press release banning the sale of crypto-derivatives to retail investors. However, the …
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Dfyn Network, the multichain, low-fee automated market maker (AMMs) exchange, has launched its second AMM node on OKExChain, as per a release last week. We are thrilled to announce our collaboration with @OKExChain, an exciting blockchain community created by @OKEx 💥 Dfyn has launched an AMM node on OKExChain, enabling the official launch of the Dfyn Exchange …
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The price of SafeDollar (SDO), an algorithmic decentralized finance (DeFi) stablecoin based on the Polygon (MATIC) blockchain, has plummeted to literally zero as a result of what appears to be an exploit today. ⚠️ SafeDollar exploited ⚠️ Exploit season is coming to Polygon? 🤣 https://t.co/evzsUAr695 h/t @RugDocIO — defiprime (@defiprime) June 28, 2021 While details …
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BTCC, ostensibly the first cryptocurrency exchange established in China, exited the bitcoin trading business last week. According to statements, this was the result of the continued regulatory pressure Beijing is exerting on cryptocurrency businesses. The company will now transition to blockchain-related endeavors. BTCC Closes Its Exchange Business BTCC, the company that once ran the most …
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The algorithmic decentralized finance (defi) stablecoin safedollar (SDO) has been attacked, according to statements published on its Telegram channel. The safedollar token did not remain stable following the attack, as the defi stablecoin’s price collapsed to zero. Safedollar Stablecoin Price Collapses A Polygon (MATIC) blockchain-based stablecoin called safedollar (SDO) has lost all of its value, …
