On-chain analyst William Clemente says whales are once again diving into the Bitcoin markets. In his latest newsletter, Clemente notes that the number of new users on the Bitcoin (BTC) network is at a new all-time high. ADVERTISEMENT “First, let’s take a look at this chart representing the net growth of users, or ‘entities’ …
Category archives: Trending Crypto news
Trust is still a must in the trustless world of cryptocurrency
As established by Satoshi Nakamoto’s Bitcoin (BTC) whitepaper, the core of cryptocurrency is a peer-to-peer electronic cash system that eliminates the need for intermediaries like banks. This spirited independence and scoffing at the hand-holding of traditional banking systems is pervasive across the cryptosphere. Yet, when mass adoption is the goal, some hand-holding becomes necessary in …
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Here Are Top Five Altcoins To Watch Based on VC Backing, According to Coin Bureau
Popular cryptocurrency analyst and Coin Bureau host, Guy, says investments by venture capitalists in later-stage cryptocurrency projects indicate the high potential those particular projects have. Guy kicks off his list of five cryptocurrency projects with high-performance blockchain Solana (SOL), which is among the many projects that have received massive financial backing from venture capital (VC) …
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Analysts say Bitcoin’s choppy price action is ‘typical of low liquidity markets’
On July 9 Bitcoin and the wider cryptocurrency market saw a moderate relief rally that helped recover some of the losses seen on Thursday but a handful of analysts continue to caution that BTC could still drop to the $24,000 to $29,000 range in the short-term. Data from Cointelegraph Markets Pro and TradingView shows that the price of …
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SEC charges individuals connected to former iced tea-turned-mining company
The U.S. Securities and Exchange Commission has filed charges against three people accused of insider trading with the Long Blockchain Company related to changing its name from the Long Island Iced Tea Company. In a Friday announcement, the SEC said Eric Watson, Oliver Barret-Lindsay, and Gannon Giguiere were facing charges in the U.S. District Court …
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Crypto ads no longer allowed on TikTok
TikTok announced on Friday that certain types of ads would no longer be allowed on their platform. Crypto-based promotional content was included among the now-verboten topics, according to an article from FT Adviser on July 8. The new guidelines on the social video posting site will specifically inhibit users from posting promotional content about financial …
Ethereum Will Significantly Outperform Bitcoin Due to Series of Impending Upgrades, Predicts Crypto Trader Tyler Swope
Cryptocurrency trader and influencer Tyler Swope says Ethereum stands to appreciate by a greater magnitude than Bitcoin once BTC enters another bullish phase. Swope says that as Ethereum’s dominance grows and the ratio between the price of Ethereum versus the price of Bitcoin continues to narrow, he expects the second-largest cryptocurrency by market cap to …
Crypto Trader Planning Massive Dumpster Dive to Uncover $247,000,000 in Lost Bitcoin
An IT worker in the United Kingdom is reportedly planning to sift through 330,000 to 440,000 tons of waste to find his missing Bitcoin (BTC) trove worth over $247 million. James Howells says he stored 7,500 BTC on his computer in 2009, but lost it all when he accidentally threw away the hard drive in …
Capital International purchased $600M in MicroStrategy stock
Financial services company Capital International invested more than half a billion dollars into business intelligence firm MicroStrategy stock. In MicroStrategy’s filings to the U.S. Securities and Exchange Commission, or SEC, for the second quarter of 2021, the firm disclosed Capital International Investors has purchased 953,242 shares of its stock. Following the release of the SEC …
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Altcoin bulls pile into Synthetix (SNX), Axie Infinity (AXS) and EOS
Bitcoin’s (BTC) steady range-bound trading opened the door for select altcoins to rally higher as antsy traders scour the markets in search of profitable opportunities. Data from Cointelegraph Markets Pro and TradingView shows that the top 3 movers over the past 24 hours are Synthetix (SNX), Axie Infinity (AXS) and EOS. Top performing assets over …
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Crypto world largely silent as little-known exchange announces plans to go public
One might assume that a firm with a name like “Bullish” would garner a lot of attention in announcing its intention to go public, especially given that the exchange is backed by blockchain software company Block.one. Until today however, it seems to have gone mostly unnoticed by participants in the crypto space. In a Friday …
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Blockchain technology could be particularly beneficial for women, says WTO director general
Ngozi Okonjo-Iweala, the director general of the World Trade Organization and former foreign and finance minister of Nigeria, said blockchain technology could help empower unbanked and underbanked women around the world. Cointelegraph editor-in-chief Kristina Cornèr addressed the G20 High Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response today, asking regulators …
DeFi & CeFi Full Aggregator OpenOcean Aggregates Polygon To Expand Its Trading Universe
July 9, 2021 – Tortola, British Virgin Islands OpenOcean, a pioneering DeFi & CeFi full aggregator that supports interoperability across multiple networks, is delighted to announce the aggregation of Polygon to expand its trading universe and offer users the best prices with low slippage. The decision to aggregate Polygon was influenced by the community. When …
Internal Memo Shows Bank of America Crypto Curious, Launching Research Team To Track Growing Ecosystem
A new internal memo shows Bank of America Corporation is increasingly interested in the cryptocurrency industry. Candace Browning, head of global research at Bank of America, says in the memo that the bank is dedicating more resources to investigating cryptocurrencies and digital assets, reports Bloomberg. ADVERTISEMENT “Cryptocurrencies and digital assets constitute one of the …
UN commission serves new warning against BTC adoption in El Salvador
The Economic Commission for Latin America and the Caribbean, or ECLAC, a United Nations’ regional commission to encourage economic cooperation, is the latest regulator to raise concerns about El Salvador’s decision to accept Bitcoin (BTC) as legal tender. ECLAC executive secretary Alicia Bárcena has warned that El Salvador’s Bitcoin move poses a number of systemic …
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