USD Coin (USDC), Circle’s dollar-pegged stablecoin, seemingly lost one of its biggest competitive advantages over its rival, Tether (USDT). Major crypto exchange Coinbase made an important change on the USD Coin page on its website following an audit which revealed that not all of USDC’s reserves were held in cash. This rain contrary to the …
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Bitcoin (BTC) reserves on derivatives exchanges have dropped to levels last seen before the May price crash. Data from on-chain analytics service CryptoQuant confirmed that as of Tuesday, derivatives reserves totaled 1.256 million BTC — the least since May 11. Institutions repeat Q4 2020 Against a backdrop of institutional interest returning to cryptocurrency instruments such …
Continue reading “Institutions are buying Bitcoin like it’s late 2020”
In the summer of 2016, the value of all crypto in the world was not quite $10 billion. Since then, that number has only increased. Today, anyone can buy crypto with Robinhood, S&P 500 companies have placed bitcoin on their balance sheets, and the overall value of the crypto market remains at more than $1.5 …
Continue reading “Seriously, Venture Capitalists bring legitimacy to crypto, DeFi, and NFTs”
The United States Securities Exchange Commission (SEC) filed a motion this Monday, requesting Judge Sarah Netbrun an order compelling Ripple to search and produce relevant employee messaging on Slack. SEC filed an emergency motion for a discovery conference regarding Ripple’s internal correspondence on the business communication platform as the legal battle between the regulator and …
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According to a report, the Central Bank of Nigeria (CBN) is planning to have its proposed digital currency designated “critical national infrastructure” in order to protect it from operational and cyber-security risks. In addition, the CBN will also apply regulatory and compliance mechanisms to prevent what it calls “disruptive competition for electronic money.” Cost Versus …
Circle, a cryptocurrency fintech services company, announced it intends to become a full-reserve national commercial bank. This would bring a set of responsibilities and duties to the company equal to those of other mainstream banks: having to report to the Federal Reserve, U.S. Treasury, OCC, and the FDIC. However, it would also put the company …
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Chainalysis, one of the leading blockchain intelligence companies in the world, has announced it will now cover the Dogecoin network in its reports. The company argues that dogecoin became one of the most known cryptocurrencies in the world after being promoted by Elon Musk, CEO of Tesla during this year. This, consequently, has attracted criminals …
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press release PRESS RELEASE. BENQI, an algorithmic liquidity market protocol, and the Avalanche Foundation are collaborating on a joint liquidity mining program to celebrate the launch of the BENQI protocol on the 19th of August and the next phase of growth within Avalanche’s DeFi ecosystem. $3MM of AVAX will be allocated as liquidity incentives for …
The slight bullish sentiment across the broader market has triggered an increased demand for cryptocurrencies. This demand has led to increased prices of altcoins, with some of these making double-digit gains. MIOTA is among the altcoins making incredible gains. The coin has increased by 12.9% in 24 hours and is trading at $1.03 at the …
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Developers have been looking for other alternatives that offer higher scalability compared to Ethereum. One of the networks that stand out is Polygon. The network offers high speeds and lower fees compared to Ethereum. These features have been akin to the increased value of the MATIC token. MATIC is trading at $1.26 at the time …
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After amassing significant gains over the past week, it seems like the crypto market is consolidating. Bitcoin is struggling to go to $46K, while Ethereum is still clinching to $3100. Whilst these two leading cryptocurrencies have not registered significant gains in the past 24 hours, some altcoins such as Cardano have made double-digit gains. Cardano …
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XRP Holds Sideway Moves – August 11After a notable line of sideways movement, the Ripple XRP/USD price struggles to push northward above the upper range zone at $0.80. The crypto’s current percentage rate is seen at 4.61, trading around the line of $0.89. Holds Sideway Moves: XRP MarketKey Levels:Resistance levels: $1.00, $1.20, $1.40Support levels: $0.70, …
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A popular crypto analyst says Bitcoin and Ethereum can pull off massive rallies before the end of 2021 as traders underestimate the second leg of the bull market. Justin Bennett tells his 61,600 Twitter followers that he expects Bitcoin to launch a staggering rally, well above the six-figure level, should the leading cryptocurrency shatter its …
Leaders in the crypto industry continue to speak up as the bipartisan $1 trillion infrastructure bill, known for implementing tighter rules on crypto businesses and expanding reporting requirements for brokers, passed the United States Senate. Billionaire investor and Bitcoin (BTC) proponent Mark Cuban is one of them. Speaking to The Washington Post over the weekend, …
Continue reading “Mark Cuban likens shutting off crypto growth to stopping e-commerce in 1995”
On July 29, Cointelegraph reported that provisions had been hastily added to the infrastructure bill that sought to raise $28 billion through expanded taxation and impose stringent third-party reporting requirements for any entity deemed to comprise a cryptocurrency “broker.” The provision’s broad language sent shockwaves across the crypto community, with onlookers noting that software developers, …
Continue reading “US Senator claims support for crypto amendments despite blocking bill”
