press release PRESS RELEASE. Torum announces strategic investment by Huobi Ventures, the $100 million venture arm of Huobi Group to foster blockchain adoption and ecosystem expansion. 5th August 2021, Kuala Lumpur, Malaysia — On the eve of the project’s 1st year launch anniversary, social media platform Torum has released its H2 strategic ecosystem expansion plan, …
Author archives: Adam Owen
Precious Metals Firm Kitco Launches Gold-Backed Tokens Built on Ethereum
On August 4, the precious metals firm Kitco Gold announced the launch of a gold-backed stablecoin which will leverage an audit process via Cohen & Company with monthly attestation reports. Kitco has partnered with Tradewind Markets, First Digital Trust, and Stably, an asset tokenization provider. The gold-backed ERC20 tokens called “kitco gold (KGLD)” “represent one …
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Russia to Track Crypto Transactions With Help From Sberbank-Owned Company
The Federal Financial Monitoring Service of Russia is going to start tracking cryptocurrency transactions. The agency has already selected a contractor to develop the platform. The entity is affiliated with one of Russia’s largest financial institutions, Sberbank. Rosfinmonitoring to Keep Record of Cryptocurrency Wallets Used for Illicit Purposes Russia’s financial watchdog, Rosfinmonitoring, has selected a …
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Uniswap (UNI/USD) Price Serially Surges Northward
Uniswap Price Prediction – August 5The UNI/USD financial record has booked it that the crypto’s price serially surges northward. The market now trades around the level of $24, bagging a percentage trading rate of 4.31. UNI/USD Market Key Levels:Resistance levels: $25, $30, $35Support levels: $20, $17, $14 UNI/USD – Daily ChartThe UNI/USD daily chart showcases …
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5 Best Cryptocurrency To Buy For The Recovery August 2021 Week 1
Looking for the best cryptocurrency to buy? Now that the crypto market is estimated to be on a path to recovery, it should be easier to buy digital assets. In this roundup, we list the best cryptocurrency to buy for massive gains this week. 1. Theta (THETA) Starting off our list is the THETA coin. …
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Ethereum Price Up 8.1% to $2657.91 – Where to Buy ETH
The crypto market has made solid gains in the past two weeks. Bitcoin seems to be in a consolidation phase after facing rejection at $40K. However, ethereum is still gaining, and it is leading altcoins in making significant gains. The token has managed to go up by over 30% in the past month. Ethereum is …
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Compound Price Up 13.8% to $449.45 – Where to Buy COMP
Compound is a leading DeFi lending platform. The growth in Compound and other DeFi lending platforms like Aavegotchi has raised attention from regulators. The US Securities and Exchange Commission (SEC) is now shifting its focus towards this rapidly growing sector. Nevertheless, decentralized finance remains one of the leading innovations in the crypto sector. Compound is …
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Investing Giant Managing $1.5 Trillion in Assets Files for Bitcoin ETF
An independent investment firm with more than 86 years of experience providing exchange-traded funds (ETFs) just filed for a Bitcoin ETF in the US. Founded in 1935, Atlanta-based Invesco is an independent investment firm that currently oversees more than $1.5 trillion in assets under management and provides 233 different ETFs in the US for investors …
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Top Trader Pentoshi Says Ethereum Ready To Outperform Bitcoin – Here’s Why
A popular crypto trader and market analyst is calling for Ethereum (ETH) to drastically outperform Bitcoin (BTC) over the next several months. The pseudonymous crypto trader Pentoshi tells his 207,500 Twitter followers that he’s looking for Ethereum to form a higher low to build support for a further rally now that the token has broken …
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HSBC Reportedly Blocks Credit Card Payments to Binance in the UK
British multinational bank HSBC is reportedly suspending credit card payments to cryptocurrency exchange Binance. The move follows a crackdown by the UK’s Financial Conduct Authority (FCA), which recently said Binance is not allowed to launch regulated activities in the country without written approval. ADVERTISEMENT Word of HSBC’s suspension spread on Twitter, with the popular …
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Two Low-Cap Altcoins Surge 50% or More After Surprise Coinbase Listings
Two altcoins are surging by double digits after receiving support from Coinbase. The native token of the PlayDapp (PLA) blockchain gaming platform and non-fungible token (NFT) marketplace, as well as payments token Alchemy Pay (ACH), are launching on Coinbase Pro. ADVERTISEMENT PLA has rallied by more than 50% over the past 24 hours while …
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London is live and Ethereum bulls control Friday’s $357M ETH options expiry
Ether (ETH) price rallied 50% leading in the London hardfork because many investors expect the upgrade to solve the issue of high transaction fees and make the altcoin a deflationary asset. Pantera Capital CEO Dan Morehead has predicted that the upcoming upgrade would likely cause Ether to ‘flip’ Bitcoin (BTC) as the leading cryptocurrency but …
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Fresh Bitcoin ETF hopes back BTC’s swift rally above $40,000
Crypto investors are seeing gains in Ether (ETH) and Bitcoin (BTC) on Aug. 5 after the successful launch of Ethereum’s London hard fork and a series of new Bitcoin exchange-traded fund filings, resulting in a rally that propelled BTC’s price 9% higher and caused Ether to gain 11.75%, which pushed the altcoin closer to the elusive $3,000 …
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Coinbase users can now buy crypto with Apple Pay
Crypto exchange Coinbase announced on Thursday that users can now use Apple Pay to purchase crypto assets on its platform, with Google Pay integration to follow. “Today, we’re introducing new and seamless ways to enable crypto buys with linked debit cards to Apple Pay and Google Pay, and instant cashouts up to $100,000 per transaction …
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$1,611,766 in Ethereum Has Already Burned As Highly Anticipated Upgrade Goes Live
The London upgrade, which consists of several Ethereum improvement proposals, including EIP-1559, is now official after months of preparation and anticipation. The upgrade occurred at block 12,965,000, marking the start of various changes designed to improve Ethereum’s user experience. ADVERTISEMENT EIP-1559 introduces a highly anticipated fee-burning mechanism into the network. This means each time …
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