The host of the popular crypto outlet Coin Bureau is tracking five altcoins he thinks have the most potential for the third quarter of 2021. Addressing his 1.23 million subscribers in a new video, the pseudonymous analyst known as Guy starts his list with Ethereum (ETH). ADVERTISEMENT The analyst lists multiple catalysts that could …
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World-renowned soccer star Lionel Messi is receiving cryptocurrency as part of his new transfer deal with the highly-decorated Paris Saint-Germain (PSG) soccer team. Wrapping up an era, Messi is leaving Barcelona after playing with the Spanish league for his entire professional career, spanning 16 consecutive seasons. ADVERTISEMENT After racking up just about every accolade …
The prices of four altcoins surged by double digits following their debut on leading cryptocurrency exchange Coinbase Pro. Within 24 hours of the listings, IoTex (IOTX), Tribe (TRIBE), Orion Protocol (ORN) and Quickswap (QUICK) rallied as much as 20% to 75%. ADVERTISEMENT Coinbase Pro says that the four dollar-paired tokens are now in ‘full-trading …
The high-flying optimism generated earlier this week when Bitcoin and altcoin prices rose was tempered on Aug. 12 as BTC dropped below $43,000. This led some analysts to warn that the price action seen over the past week was nothing more than a dead cat bounce. Data from Cointelegraph Markets Pro and TradingView shows that …
Continue reading “Analysts say Bitcoin price “needed a breather” before chasing new highs”
The hacker behind a $610 million attack on the cross-chain decentralized finance protocol Poly Network has returned almost all of the stolen funds amid the project saying their actions constituted “white hat behavior.” According to a Thursday update on the attack from Poly Network, all of the $610 million in funds taken in an exploit …
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Cryptocurrency exchange Crypto.com has launched a free tax reporting service for users based in Australia. In an announcement today, Crypto.com said it had tailored its existing tax services for United States- and Canada-based crypto users to allow Australians to accurately report cryptocurrencies on their taxes. The exchange said it worked with professional tax advisers to …
Decentralized finance (DeFi) has been a big part of the explosive growth seen across the cryptocurrency ecosystem in 2021 as decentralized exchanges like Uniswap and SushiSwap and lending protocols like Aave and Compound have added a new dimension of token utility. Data from Messari’s DeFi Asset index shows that over the past 30 days, a majority …
Continue reading “These 3 metrics suggest there’s still time for another ‘DeFi Summer’”
Crypto derivatives platform BitMEX says it has agreed to pay $100 million to resolve charges that were filed by US regulators in October of 2020. BitMEX says it has settled with the U.S. Financial Crimes Enforcement Network (FinCEN) and the Commodity Futures Trading Commission (CFTC). ADVERTISEMENT According to the CFTC, a settlement was reached …
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On Friday, Aug. 13, a total of $675 million worth of Bitcoin (BTC) options are set to expire and currently the bulls enjoy a significant advantage after a 20% weekly rally to $46,743. According to Cointelegraph, two things that marked the positive shift seen from institutional investors were deposits to derivatives exchanges reaching their lowest …
Continue reading “Bitcoin bulls aim for $50K ahead of Friday’s $675M BTC options expiry”
The crypto industry began with Bitcoin’s launch in 2009, flowering into a bustling industry filled with many different assets and blockchain-based solutions in the years following. The sector, however, is no longer in its infancy, according to Bittrex Global CEO Stephen Stonberg. “I think we’re already past the stage of crypto early adoption,” Stonberg told …
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The United States Securities and Exchange Commission’s chairperson Gary Gensler announced this month that the crypto industry should not escape the purview of the regulator. He highlighted that decentralized finance (DeFi) trading and lending protocols need particular attention when it comes to investor protections. Regulation can extend into a menu of options that covers custody, …
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Hackers have stolen funds out of more than 5,000 user accounts with crowdfunding platform DAO Maker, a site aimed at raising money for crypto projects. According to a report from DAO Maker CEO Christoph Zaknun, hackers were able to remove roughly $7 million in USD Coin (USDC) from 5,251 user accounts at approximately 1:00 am …
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On-chain market analysis firm Glassnode says an increasing number of million-dollar Bitcoin transactions is a sign of growing institutional involvement. Glassnode indicates that since September of 2020, the number of Bitcoin (BTC) transactions worth over $1 million has shot up from nearly one-third to more than two-thirds of the total value of BTC transferred. ADVERTISEMENT …
Coinbase generated a record net revenue of $2 billion from transactions, subscriptions, and services in the second quarter of 2021 as the platform’s monthly transacting users (MTUs) increased by 8.8 million – up 44% from Q1. In its August 10th shareholder letter, the largest crypto exchange in the US says its retail users are “deepening their …
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The London hard fork of Ethereum, which went live on Aug. 5, ushered in a new era for the transition to Ethereum 2.0, a complete proof-of-stake (PoS) blockchain. In fact, the London upgrade is the penultimate step on the way to the final transition to PoS scheduled sometime in 2022. The upgrade got triggered almost …
Continue reading “Ethereum’s London hard fork sets ETH on a more deflationary path”
