A new survey paints a bleak picture of British crypto investors’ motivations, knowledge and exposure when it comes to their investments. Almost two in five (36%) of retail crypto investors in the country have conceded that their understanding of the sector was “poor or non-existent” when they made their first investments. As time has gone …
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Mike McGlone, a senior commodity strategist for Bloomberg Intelligence, believes the price of Bitcoin could shoot past the price of an ounce of gold – by around 100 times. In the July 2021 edition of the monthly cryptocurrency newsletter Bloomberg Crypto Outlook, McGlone says that based on technical analysis, the flagship crypto asset could keep …
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The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), expressed concerns over the reportedly serious threat stablecoins like Tether (USDT) pose to global financial and settlement systems, CNBC reported …
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Hong Kong tech company Meitu has taken a $17.3 million hit on its Bitcoin (BTC) holdings — but on the upside, its Ether (ETH) holdings have gained $14.7 million. The developer of popular Photoshop-style apps spent a total of $100 million on BTC and ETH between March and April this year, acquiring a total of …
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Bitcoin (BTC) fell below $33,000 support on July 8 as a trusted trading range risked getting invalidated. BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView Trader: $31,000 retest next for BTC Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping into the $32,000 range during trading on Thursday. The move followed an overnight retracement from …
Despite the immediate success of dog-themed decentralized exchange ShibaSwap, there are warnings the DEX’s liquidity providers are throwing capital into an opaque protocol of questionable security. Building on the popularity of their Doge-style toke, Shiba Inu (SHIB), amid the Elon-Musk stoked dog-token trading frenzy, the coin’s developers launched their DEX with enticing yield incentives for …
Continue reading “Is ShibaSwap safe? DeFi Safety review gives it a score of just 3%”
The Reserve Bank of New Zealand says a central bank digital currency might be a “solution” to the ongoing reduction in the use of cash and that it will look more closely at the use of cryptocurrencies. The bank will open up public consultations regarding a CBDC and the emergence of new digital forms of …
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The U.S. Securities and Exchange Commission (SEC) is nearing settlements with four U.S.-based individuals accused of promoting the multi-billion dollar crypto Ponzi scheme, BitConnect. According to Law360, the terms of the settlements are currently awaiting final approval from Judge John Koeltl. The judge noted that while agreements’ terms are currently legally sound, minor fixes are …
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Oscar-winner Anthony Hopkins’ new film will be tokenized and sold on an up-and-coming NFT marketplace for movies dubbed “Vuele.” The 83-year-old Hopkins has had a celebrated career and won two Oscars and two Emmys, starring in notable films including Silence of the Lambs, The Elephant Man, the Thor franchise and The Father. The new feature-length …
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Ethereum-based DeFi aggregator, Zerion, has raised $8.2 million in a Series A funding round. The non-custodial aggregation platform facilitates access to more than 60 Ethereum-based protocols, such as Aave, Yearn.finance, and Curve. Zerion has processed more than $600 million worth of volume in 2021 so far with a median trade of $1,000. The raise was …
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Altcoins continue to move higher while the price of Bitcoin (BTC) remains trapped in the $31,000 to $36,000 price range. The predictable range appears to be helping Terra (LUNA), a blockchain protocol that specializes in fiat-pegged stablecoins like TerraUSD (UST) to power a price-stable global payment system. LUNA/USDT 1-day chart. Source: TradingView A quick scroll …
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Closely-followed crypto analyst Michaël van de Poppe says Chainlink (LINK), Aave and three more altcoins are waking up after the big sell-off event in May. The analyst tells his 350,000 Twitter followers that Chainlink looks ripe for a 25% rally against Bitcoin (LINK/BTC) from its current value of 0.0006. ADVERTISEMENT “Chainlink looking ready for …
British banking giant Barclays is now blocking transactions between its customers and global crypto exchange Binance. Customers of Barclays reportedly received a text message from the bank informing them that they would be halting all payments to Binance until further notice. ADVERTISEMENT “As you’ve made a payment to Binance this year, we wanted to …
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Bitcoin’s (BTC) range-bound action seems to be increasing the confidence of institutional investors looking to resume investing in cryptocurrencies. Proof of this comes as Marshall Wace, a London-based hedge fund, announced plans to invest in the digital asset space, according to sources at the Financial Times. A survey of wealth managers and institutional investors already …
Continue reading “Price analysis 7/7: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, SOL”
The chief operating officer of stock and cryptocurrency trading app Robinhood aims for significant growth in the number of female customers, particularly when it comes to investing in crypto. In an interview with Business Insider published Wednesday, Robinhood COO Gretchen Howard said the number of women using the trading app had more than tripled, representing …
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