News of two contrasting approaches to crypto from U.S. members of congress surfaced this week. Alabama Congressman Barry Moore has been loading up on cryptocurrencies such as Ethereum (ETH), Cardano (ADA), and Dogecoin (DOGE) over the past two months. Meanwhile anti-crypto California Congressman Brad Sherman — whose stated aim is to shut crypto down — …
Continue reading “Pro-crypto Congressman stacks, anti-crypto Congressman receives $100K from TradFi”
Sales of nonfungible tokens (NFTs) have surged to record highs in the first half of 2021. There has been $2.5 billion in NFT sales in the first six months of this year according to DappRadar, a massive increase over the $13.7 million in sales for the same period in 2020. Citing stats from Dune Analytics, …
Continue reading “NFT sales top $2.5B in first half of 2021”
Crypto-focussed Swiss bank, Sygnum Bank, has announced it has become the first bank in the world to allow its clients to stake Ether. According to the July 6 blog post, the firm’s clients can now stake ETH through Sygnum’s institutional banking platform to earn yields of up to seven percent annually. Sygnum describes itself as …
Continue reading “Sygnum becomes first bank in the world to offer Eth2 staking”
Goldman Sachs said in a note to clients on Tuesday that the blockchain with the highest “real use potential” is Ethereum, suggesting its ETH could become the dominant digital store of value. As such, Goldman predicts the total market capitalization of ether (ETH) could overtake the total market cap for Bitcoin (BTC) in the coming …
Continue reading “Goldman Sachs: Ethereum’s popularity could see it become dominant store of value”
Chinese banks have begun a hard sell of digital yuan wallets, asking staff to recruit hundreds of new users each year. According to a translation of a June 6 article from Shenlian Caijing, employees of top banks such as the Industrial and Commercial Bank of China and the Bank of Communications, along with four other …
Continue reading “Chinese banks tell staff to recruit up to 300 new digital yuan users each”
Popular crypto strategist and trader Michaël van de Poppe says five altcoins are showing signs of life after enduring the marketwide collapse in May. Van de Poppe tells his 350,500 followers on Twitter that he’s watching the price action of decentralized application (DApps) platform Solana (SOL) as it looks to either breach resistance at $35.00 …
Bitcoin (BTC) price continues to trade in a predictable range which has given traders confidence in trading altcoins and DeFi tokens. This translated to a 110% rally in the price of Alpha Finance Lab (ALPHA) over the past four days. Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.30 …
Continue reading “Alpha Finance Lab (ALPHA) rallies 50% as project fundamentals improve”
The popular crypto analyst and host of Coin Bureau is outlining why he thinks concerns and criticisms surrounding Tether and stablecoins are generally overblown. In a new video, the pseudonymous analyst who goes by Guy names a few key reasons why Tether and stablecoins pose no significant risk to the crypto industry. ADVERTISEMENT Tether, the …
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An ex-employee of the collapsed New Zealand-based cryptocurrency exchange Cryptopia says he stole about $177,000 in crypto from his employer. The theft of the digital assets took place months after the exchange suffered a hack in January of 2019, an event that resulted in the loss of cryptocurrencies valued at over $17.7 million, according to …
Continue reading “Crypto Exchange Employee Siphons Bitcoin, Admits to Stealing Private Keys”
Bitcoin’s recent dramatic sell-off could trigger a $100,000,000 impairment loss on Tesla’s Q2 financial records. After BTC’s drop from an all-time high of $64,800 to as low as $29,100, CNBC technology reporter Kate Rooney explains the electric auto giant will need to disclose this impairment loss in Q2. ADVERTISEMENT “Tesla will face what’s known as …
July 6, 2021 – Dublin, Ireland Astra Protocol, a revolutionary legal layer that brings unparalleled assurance to public blockchains, is excited to announce that the former European Commissioner for Trade, Phil Hogan, has joined its advisory board as an executive advisor. Phil has had an exceptionally successful political career. He brings a wealth of experience in …
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Eshaq Jahangiri, the first vice president of Iran under Hassan Rouhani, has called on all legally operating crypto miners in the country to stop producing coins. According to a Wednesday report from the Tasnim News Agency, Jahangiri said at a meeting with officials of the Ministry of Energy that the electricity restrictions for Iranians were …
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Regulatory constraints facing Binance have forced the popular cryptocurrency exchange to temporarily halt bank transfers denominated in euros, according to an email sent to its customers on Tuesday. Specifically, euro deposits via the Single Europe Payments Area, or SEPA, have been put on hold indefinitely due to circumstances beyond the exchange’s control, Binance said in …
Continue reading “BREAKING: Binance suspends euro bank transfers amid regulatory heat”
Financial regulators in China have shut down a Beijing-based software company they suspect of providing services to crypto traders. In a Tuesday joint statement, the Beijing Financial Supervision and Administration Bureau and the Business Administration Department of the People’s Bank of China issued a warning to all financial institutions and payment service providers to not …
Continue reading “From mining to software: China’s regulatory crackdown on crypto continues”
The weekend rally in cryptocurrencies was led by Bitcoin (BTC) but this move was not supported by huge trading volumes. According to on-chain analysts at CryptoQuant, the low trading volume suggests that “whales are staying low without much action.” However, Bitcoin has successfully held the $30,000 support for two weeks, which suggests that accumulation is …
Continue reading “Price analysis 7/6: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, LTC”
