This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. It has now been two months since the crypto crackdown and subsequent enforcement began. Most new stories are now just the trickling down …
Category archives: Trending Crypto news
Here’s 2 ways clever pro traders spot crypto and stock price reversals
Trading in the direction of the trend is one of the best ways to be profitable. If traders learn to spot a new trend early, it provides an opportunity to buy with a good risk to reward ratio. In addition to identifying a trend, traders should also be able to recognize when it has reversed …
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This Crypto Sector Will Take Digital Assets to the Masses, Says Trader Elliot Wainman
Popular crypto trader Elliot Wainman thinks one type of blockchain project will serve as the vehicle that brings crypto to the masses. Wainman tells his 342,000 YouTube followers that market movements indicate blockchain gaming projects are the decisive frontrunners of widespread crypto adoption. ADVERTISEMENT “Games are the only thing that I see as truly …
PayPal increases crypto purchase limits to $100K
Payment provider company PayPal now allows U.S.-based users to purchase up to $100,000 in crypto weekly. In a Thursday announcement, PayPal said it had increased the crypto purchase limit for certain customers based in the United States from $20,000 to $100,000 per week. The company said the move was aimed at giving users “more choice …
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DeFi on Bitcoin: Jack Dorsey launches new Square division to make it ‘easy’
Square CEO Jack Dorsey has stated that the firm is building a new division that will focus on building decentralized finance services that utilize Bitcoin. Dorsey made the announcement via Twitter earlier today, and revealed that Square’s new division will be building an “open developer platform with the sole goal of making it easy to …
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3 altcoins showing signs of accumulation while Bitcoin price is down
Crypto markets faced another day of struggle on July 15 as the price of Bitcoin (BTC) dropped to its “final support zone” near $31,000, which prompted traders to issue dire predictions about the future should bulls fail to hold this level. Despite the struggles facing the crypto market at large, relatively obscure altcoins like Aavegotchi …
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Rep Tom Emmer introduces bill to provide certainty for digital assets
U.S. congressional representatives introduced a bipartisan bill on July 15 with the goal of providing a clear definition of assets, such as digital tokens and other emerging technologies, under current securities law. Known as the Security Clarity Act, the bill was introduced by Rep Tom Emmer (R-MN), Rep Darren Soto (D-FL), and Rep Ro Khanna …
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Brazil Green Lights First Ethereum ETF in Latin America
The Brazilian Securities Commission (CVM) just approved an exchange-traded fund (ETF) that tracks the performance of Ethereum (ETH). Blockchain investment firm QR Capital, the holding company of QR Asset Management, says the Ethereum ETF will be traded on the country’s stock exchange, B3, with the ticker QETH11. ADVERTISEMENT QETH11 is the first ETF exchange-traded fund …
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Dogecoin Creator Sparks Viral Tweetstorm, Says Crypto Facilitates Dangerous ‘Free for All’ Capitalism
The co-creator of meme cryptocurrency Dogecoin (DOGE) is calling out the entire crypto space as a social ill. In a viral tweetstorm, Palmer, who created Dogecoin in 2013 as a joke with fellow developer Billy Markus, says he thinks the cryptoverse has evolved into something he can no longer support. ADVERTISEMENT According to Palmer, …
Grayscale Teams Up With Banking Giant BNY Mellon in Bid for Bitcoin ETF
Crypto investment giant Grayscale is teaming up with the Bank of New York Mellon Corporation (BNY Mellon) as it awaits approval of its proposed Bitcoin exchange-traded fund (ETF). ADVERTISEMENT The crypto asset manager says in a press release that the New York-headquartered bank will provide fund accounting and administration services for GBTC starting in …
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Unifi Protocol Creates a Combination of DeFi and Blockchain Staking With Acquisition of Multi-Chain Staking Provider
July 15, 2021 – Singapore, Singapore Unifi Protocol is proud to be the first DeFi platform to create a blended ecosystem of DeFi and blockchain node staking rewards. Exisitng nodes on six blockchains will join with Unifi’s existing seven chain DeFi ecosystem. Blockchain validation is a large industry and projected to grow substantially larger as Ethereum …
DoubleLine CEO sees Bitcoin buy moment at $23K, predicts US dollar will drop ‘pretty substantially’
Jeffrey Gundlach, the CEO of investment management firm DoubleLine, implied that Bitcoin could see more favorable activity in the long term than that of the U.S. dollar. In a Wednesday interview on CNBC’s Halftime Report, Gundlach said he believed people would be able to purchase Bitcoin (BTC) for under $23,000 soon given the likelihood of …
Analyst highlights 3 macro metrics that clearly show DeFi sector growth
Decentralized finance (DeFi) has been one of the hardest-hit sectors since Bitcoin (BTC) price corrected from its all-time high in early May and this can be seen by the decline in the total value locked (TVL) on all protocols. According to data from DeFi Llama, the total value locked in decentralized finance platforms dropped from …
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Four Arrested in Alleged $54,000,000 Crypto Investment Scheme Involving Artificial Intelligence
Authorities have reportedly arrested four people in Central Japan over an alleged multi-million dollar cryptocurrency Ponzi scheme. The scheme was known as the Oz project and defrauded investors of about $54 million, according to The Asahi Shimbun newspaper. ADVERTISEMENT The report further says the scheme was launched in 2017 by four people between 46 …
Drops Launches on Ethereum Mainnet To Start NFT-Backed Loans
Drops, a project building liquidity and loan infrastructure for NFTs, has officially launched its loans protocol on Ethereum mainnet. The platform is designed to facilitate the first large-scale implementation of trustless loans against NFT-based collateral – a feat which is yet to be achieved in the space. At launch, Drops loans will begin by supporting borrowing …
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