A decentralized finance project providing binary options style trading has just completed a $2.5 million seed round. Binary options are financial instruments that allow traders to speculate on the price movement of the underlying market or cryptocurrency. There are two possible outcomes which is why they are considered binary. At launch, Thales will support markets …
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The controversial Uniswap-funded DeFi Education Fund has liquidated half of its donated funding into stablecoins, attracting condemnation from many in the crypto community. On June 12, the fund tweeted that it was selling 500,000 UNI to Genesis Trading for 10.2 million USDC in an over-the-counter (OTC) trade, despite the Uniswap proposal for the fund indicating …
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Shenzhen-based crypto mining firm, Bit Mining, is raising $50 million to fund an expansion out of the Chinese market. Announced on July 12, the firm has entered into an agreement with select institutional and accredited investors to raise $50 million through a private placement. Bit Mining is raising the funds in response to the Chinese …
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It’s not yet known whether Binance’s recent news of being temporarily suspended from the U.K.’s financial system is the main driver behind today’s Bitcoin (BTC) price drop. As Cointelegraph reported, the exchange sent emails to affected customers but has not given any details. Regardless of the reason behind the price weakness, derivatives contracts started to display …
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Prominent crypto analytics firm Santiment is revealing some potential signs that Bitcoin may be ready for a bounce up in price after weeks of sideways trading. Santiment shares two metrics on Twitter with its 77,600 followers that suggest Bitcoin sellers are starting to lose steam. ADVERTISEMENT “The amount of daily inflow of Bitcoin to …
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Trading volumes plunged more than 40% in June across multiple cryptocurrency exchanges as tokens move sideways through a two-month correction. Following a storm of bad news for the cryptocurrency space, June trading volume dropped more than 40% on major exchanges such as Coinbase, Kraken, Bitstamp and Binance, according to data from the London-based researcher CryptoCompare. …
Within the past few hours, a fresh wave of selling pushed Bitcoin (BTC) price close to the $32,000 support level as the low trading volume and general disinterest from traders saw the price revisit the lower section of its current range. BTC/USDT 4-hour chart. Source: TradingView The price of Ether (ETH) also fell under pressure …
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Investment product issuer 21Shares has joined forces with comdirect, a leading online brokerage in Germany, to bring its cryptocurrency exchange-traded products, or ETPs, to savings accounts. The partnership means that comdirect’s nearly 3 million customers will be able to integrate physically-backed crypto ETPs into their Spar savings accounts. 21Shares claims this is the first such …
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Banking giant JPMorgan has some reservations regarding El Salvador’s recent decision to make Bitcoin legal tender. In a report revealed by Bloomberg, analysts from the bank say they believe that BTC being used as legal tender will put strains both on Bitcoin and El Salvador itself. ADVERTISEMENT According to JPMorgan’s analysis, there is too …
Prominent crypto strategist and trader Michaël van de Poppe says the bottom could be in for five low-cap altcoins. The top crypto trader tells his 352,300 followers that he’s looking at Skale, a blockchain network that allows developers to create and provide decentralized chains that are completely compatible with Ethereum. ADVERTISEMENT According to Van …
Parker Lewis, head of business development at crypto lending platform Unchained Capital, says there are a few fundamental aspects backing Bitcoin’s value. In an interview with Peter McCormack on the What Bitcoin Did podcast, Lewis addresses the popular conception that Bitcoin (BTC) is backed by nothing and has no intrinsic value. ADVERTISEMENT Comparing Bitcoin …
One of the biggest stories of the past quarter has definitely been crypto, reaching all-time highs with Bitcoin reaching over $64K and Ethereum over $4K and then dropping 50-70% to where the market is today. There is no doubt that the crypto markets remain highly volatile and will continue to be so for the foreseeable …
Today the wider cryptocurrency market finds itself looking for something to spark some momentum as Bitcoin (BTC) price dropped to $32,300 and altcoins sustained 2% to 5% losses. Data from Cointelegraph Markets Pro and TradingView shows that the top three performers over the past 24 hours are Audius (AUDIO), Axie Infinity (AXS) and Small Love …
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Ether (ETH) perhaps had the most bullish outlook entering the July session, with a key technical update dubbed EIP-1559, promising to make its native token ETH scarcer through the network’s first-ever burning mechanism. But so far into the month, the second-largest cryptocurrency by market cap has vastly tailed its top rival Bitcoin. The positive correlation …
Band Protocol, the cross-chain data oracle provider, announced Tuesday that its BandChain oracle blockchain is in the process of upgrading to phase 2. According to a press release provided to Cointelegraph, the upgrade — which was first proposed back in June 2021 — will be the first data oracle network to allow providers to supply …
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