Billionaire investor and Shark Tank veteran Kevin O’ Leary thinks investors are warming up to Bitcoin as digital property. In an interview on the Best Business Show with Bitcoin bull Anthony Pompliano, O’Leary contends that big investors and institutions are starting to treat Bitcoin more like prime real estate in Manhattan rather than a currency …
Category archives: Trending Crypto news
Binance Coin, Dogecoin and Two More Altcoins Jostling for Breakouts, According to Analyst Justin Bennett
Top crypto analyst Justin Bennett is keeping an eye on Binance Coin (BNB), Dogecoin (DOGE) and two other altcoins that he says could be setting up for breakouts. The closely followed analyst tells his 63,000 followers that BNB is sitting right on the brink of a price spike, naming a key level to watch for …
Ready Player Earn: Where NFT gaming and the virtual economy coincide
Nonfungible tokens (NFT) have arguably transitioned from being an obscure part of the crypto and blockchain space to occupy greater significance within popular culture. Indeed, as cryptocurrencies and decentralization appear to permeate the conversation across social, political and economic lines, the apparent hype surrounding NFTs seems to be incentivizing greater adoption of digital currencies. Within …
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Ukrainian ministry considering digital currency pilot for staff salaries
Mikhail Fedorov, Ukraine’s Deputy Prime Minister and the head of the country’s Ministry of Digital Transformation, has revealed a possible early use case for the nation’s planned central bank digital currency (CBDC). In a recent interview published by Ukrainian media outlet TSN, the minister revealed considerations within the ministry to test out the CBDC by …
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Crypto.com uses Circle API to launch USD bank transfers in over 60 countries
Digital asset exchange and service provider, Crypto.com, has launched withdrawals via U.S. dollar bank transfers for institutional clients across more than 60 countries. According to an August 18 announcement, the expanded fiat functionality for institutional account holders has been enabled by its partnership with Circle. Institutional customers are now able to withdraw dollars from their …
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Bitcoin bulls at risk? Tether growth rate flatlines despite market cap crossing $64B
Tether Holdings Ltd, the issuer of the largest stablecoin, Tether (USDT), reported that its total market capitalization had crossed $64 billion for the first time in history. The company called the event a “milestone,” adding that it is another indication of the cryptocurrency market’s “continued trust and confidence” in its stablecoin. Tether’s $USDt market cap …
Bitcoin Could Be Entering Next Bear Market Phase, Warns Trader Who Called BTC Collapse in May
A prominent crypto analyst and trader who called the Bitcoin crash in May says that BTC could be on the verge of entering the next phase of its bear market. The pseudonymous crypto strategist, known in the industry as Dave the Wave, tells his 71,900 Twitter followers that he sees a significant Bitcoin correction on …
Institutional Money Flowing Into Cardano As Sentiment in Crypto Market Recovers: CoinShares
Crypto asset management firm CoinShares says that institutional investors are taking an interest in Cardano (ADA) as the broader crypto markets show signs of recovery. In a new weekly report, CoinShares says that the Ethereum competitor registered inflows worth $1.3 million in the past week. Year-to-date, Cardano has witnessed institutional investments amounting to $28 million. …
Former US Treasury official joins Binance to lead AML efforts
Former United States Treasury Criminal Investigator Greg Monahan joined major cryptocurrency exchange Binance to oversee the company’s international Anti-Money Laundering (AML) efforts, the exchange announced on Aug. 18. Before replacing Karen Leong as the global money laundering reporting officer at Binance, Monahan worked for the U.S. Treasury for almost 20 years as a member of …
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Emerging economies dominate Chainalysis’ 2021 Global Crypto Adoption Index
Vietnam, India and Pakistan are leading the world in terms of cryptocurrency adoption, underscoring the resilience of peer-to-peer monetary systems in emerging economies. Chainalysis’ 2021 Global Crypto Adoption Index evaluated 154 countries based on three key metrics: on-chain cryptocurrency value received, on-chain retail value transferred and peer-to-peer exchange trade volume. Each metric was weighted by …
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People’s Bank of China in Shenzhen ‘cleans up’ illegal crypto firms
The Shenzhen branch of the People’s Bank of China is taking a hardline approach to cryptocurrency-related activities deemed illegal. According to a report from state-run Shanghai Securities News yesterday, the branch has recently “cleaned up and rectified” 11 new companies suspected of engaging in illicit crypto trading. The report did not disclose the companies’ names …
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Staking will eat blockchain for breakfast — Here’s why
In early July, JPMorgan released a report in which two of the bank’s analysts projected that the staking industry would be worth $40 billion in rewards by 2025. The report anticipates that once the Ethereum 2.0 network completes its transition from proof-of-work (PoW) to proof-of-stake (PoS,) payouts will more than double, up to $20 million …
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Nifty News: John Cena collectibles, rum tokens, SuperRare 2.0, and more…
World Wrestling Entertainment (WWE) announced on Aug. 16 that it will be dropping nonfungible tokens (NFTs) depicting WWE Hall of Famer John Cena. Last week the beloved wrestling organization dropped its first NFT collection featuring The Undertaker, with the highest-selling NFT going for $100,000 through auction. The latest NFT release will see the first tier …
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Bitcoin ‘will remind everyone who the king is’ says trader as BTC dips to $44K
Bitcoin (BTC) fell to test $44,000 on Aug. 18 with traders still bullish on new all-time highs. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Eyes on $42,000 for higher low Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting local lows of $44,215 on Bitstamp overnight. A continuation of consolidation seen on Tuesday, the …
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Vitalik thinks token-based decentralized governance is holding DeFi back
Ethereum co-founder Vitalik Buterin has taken a deep dive into token-based decentralized governance, suggesting that existing voting mechanisms are flawed and may be holding the DeFi sector back from realizing its full potential. In a lengthy blog post published Aug. 16, Buterin stated the crypto community needs to “move beyond coin voting as it exists …
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