Popular on-chain analyst Will Clemente is looking at several key indicators that could point to a potential bear trap playing out in the short term. After a recent rally to $42,500, Clemente expects Bitcoin to pull down slightly before “springing” back to make new highs. “Still think we go down a little more for the …
Category archives: Trending Crypto news
Fuse Network and ICHI Partner To Empower Any Community or Business With Its Own Stablecoin
Fuse Network communities can now easily create stablecoins powered by their own native currency for reliable payments, better discounts and incentives. Fuse joins other leading DeFi projects, including 1inch Network and Filecoin, in launching their own in-house stablecoins with ICHI. Fuse Network, the leading blockchain infrastructure enabling easy mobile payments, announces a new partnership with ICHI …
Akon’s Akoin pilot heralded a success; eyes countrywide rollout in Kenya
Akoin, the cryptocurrency project developed by Senegalese-American singer Akon, has achieved success in its initial pilot testing at western Kenya’s Mwale Medical Technology City, or MMTC, preparing for a national rollout in the near future. The pilot, which began in November 2020, is expected to pave the way for $5 million worth of transactions per …
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Clever user makes $80K profit in CryptoPunk ‘smash and grab’
A crypto user was able to net roughly $80,000 in less than a day after purchasing a CryptoPunk for less than a penny. According to blockchain records made available through Larva Labs, an unknown user purchased CryptoPunk number 3860 for 99 wei — worth next to nothing — earlier today after the artwork featuring a male …
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State Street-backed Securrency partners with GK8 for custody and institutional blockchain infrastructure
GK8, a cybersecurity and digital asset custodian, has partnered with fintech company Securrency to provide banking clients with institutional-grade blockchain solutions. The partnership centers around GK8’s enterprise-grade custody solutions, which will be made available to Securrency’s clients as the fintech company continues to build its tokenization infrastructure. Securrency’s main focus is tokenizing real-world assets such …
Altcoins and DeFi tokens push higher as Bitcoin price falters at $40K
Bitcoin (BTC) price has recovered from its recent $37,500 low and the digital asset’s run back toward the $40,000 mark spurred bullish activity from many altcoins. Data from Cointelegraph Markets Pro and TradingView shows that the top gainers over the past 24-hours are XYO Network (XYO), Saffron Finance (SFI) and Quant (QNT). Top 7 coins …
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KuCoin Brings Trading Bot to Web Users To Optimize Investment Methods
August 4, 2021 – Victoria, Seychelles KuCoin, a global leading crypto exchange, is proud to announce today its new Trading Bot service. As a free intelligent trading tool, it can help increase overall profitability for cryptocurrency traders. The Trading Bot solution is now available to all users on mobile and through the web interface. The …
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Russia grants $200K to build tool for tracing crypto transactions
Federal authorities in Russia are moving forward with a plan to closely monitor cryptocurrency activity for illicit transactions and deanonymize crypto users’ identities. The Russian Federal Financial Monitoring Service, also known as Rosfinmonitoring, has selected a contractor for developing a platform for tracking cryptocurrency activity. According to data from Russia’s state procurement website, the country …
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Victory Capital files SEC application for crypto ETF
Investment firm Victory Capital Management has filed an application with the United States Securities and Exchange Commission (SEC) for a cryptocurrency exchange-traded fund. In a Form S-1 registration filed Tuesday with the regulatory body, Victory said it intended to move forward with listing an exchange-traded fund, or ETF, tracking the Nasdaq Crypto Index. The index …
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Pantera, Coinbase Ventures and Sony back NFT-focused MakersPlace in $30M Series A
MakersPlace, a nonfungible token (NFT) market dedicated to digital art, has secured $30 million in Series A financing, highlighting once again that venture funds are keen to back promising NFT plays. The funding round will be used by MakersPlace to scale business operations and acquire additional talent as it continues to attract new users and …
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AXS price gains over 16% as Axie Infinity closes in on 1M daily active users
The price of Axie Infinity’s native token AXS surged on Wednesday despite a lackluster upward momentum elsewhere in the cryptocurrency market. The AXS/USD pair rose to as much as $44.96 following a 16.44% intraday jump. Nonetheless, the strong upside move came as a part of a sideways trend that saw AXS fluctuating inside the $36.48-$56.57 …
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SEC Chief Calls Out ‘Regulatory Gaps’ in Crypto Industry, Says Agency Needs Boost From Congress
The U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler says crypto investors need to be protected from fraud and is encouraging more legislative oversight over the nascent digital asset space. Gensler, who taught a course titled “Blockchain and Money” at the Massachusetts Institute of Technology, says that he is “not neutral” with regard to …
In crypto, no one cares who you are: Here’s why that’s a good thing
Blockchains provide a trust-free anonymous intermediary for objective transactional actions, putting wealth transfer back in the hands of the individual and out of the hands of centralized control. This, unsurprisingly, has stepped on the toes of a number of governments. To make matters worse, supporting this technology can be misconstrued as taking a stance against …
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Bitcoin hits $39K highs as SEC Chair comments give BTC price 2% boost
Bitcoin (BTC) hit 24-hour highs later on Wednesday as fresh comments from the United States regulatory sphere boosted flagging price action. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Gensler bullish on Bitcoin’s “potential” Data from Cointelegraph Markets Pro and TradingView confirmed local highs above $39,000 on Bitstamp, with BTC/USD jumping more than 2% in an hour. …
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Circle and Unstoppable Domains to introduce username-based USDC payments
The bid to introduce human-readable addresses as an alternative to the usual lengthy alphanumeric crypto wallet address system is set to achieve another milestone following the recent partnership between Circle and Unstoppable Domains. According to an announcement issued on Wednesday, Unstoppable Domains, a blockchain domain name provider, and USD Coin (USDC) stablecoin issuer Circle are …
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