Crypto analytics firm Santiment is drawing attention to a trio of altcoins. Santiment reports that, along with Ethereum, crypto projects The Graph (GRT) and Sentivate (SNTVT) are looking strong heading into July. ADVERTISEMENT Highlighting address activity for the indexing protocol The Graph, which has a market cap of $1.7 billion, Santiment points out that …
Category archives: Trending Crypto news
US state dept urges El Salvador to be ‘responsible’ about Bitcoin adoption
The U.S. Department of State’s Under Secretary of State for Political Affairs Victoria Nuland said El Salvador should ensure Bitcoin is well regulated under its new legal framework. In a Wednesday press conference following a meeting with President Nayib Bukele, Nuland said the United States was taking a “tough look at Bitcoin” following the ransomware …
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Here’s Why US Senator Cynthia Lummis Wants Americans To Buy and Hold Bitcoin
Senator Cynthia Lummis says that Bitcoin (BTC) allows Americans to diversify their assets amid concerns that the value of the US dollar may decline. ADVERTISEMENT Despite the US dollar’s dominance as the world’s reserve currency, the legislator from Wyoming tells her 34,700 followers on Twitter that current government spending is threatening its value. I …
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Government Needs Tools to Unmask Crypto Investors and Reverse Transactions, Says US Lawmaker
U.S. House Representative Bill Foster says the US should work to ensure it can unmask crypto investors and reverse transactions. Foster, a Democrat from Illinois, says in a new interview with Axios that criminals are wising up to the fact that because Bitcoin’s transaction ledger is public, BTC is not a great tool for illicit …
World Wide Web Source Code Fetches $5,434,500 at Auction – Here’s Where the NFT Proceeds Will End Up
A historical artifact connected to the creation of the internet just sold as a non-fungible token (NFT) for a whopping $5,434,500. Sir Tim Berners-Lee is an English academic and scientist who contributed immensely to the innovation of the World Wide Web. He is responsible for developing HTML, URL, and HTTP, three fundamental technologies that remain …
Decentralized Liquidity Underwriter KUU Partners With BENQI To Scale DeFi on Avalanche
July 1, 2021 – New York, New York Avalanche-based lending and borrowing protocol BENQI, and KUU, a decentralized liquidity underwriter for the Avalanche DeFi ecosystem, have announced a partnership to support BENQI’s on-chain liquidations. Additionally, KUU will be putting its under-utilized assets into BENQI to receive yield and maximize profitability. KUU provides reinforcing liquidity by …
3 reasons why analysts are turning bullish on Curve Finance (CRV)
Choppy markets after a major pullback offer ample time to take a survey of the cryptocurrency landscape and find solid projects with improving fundamentals that have caught the attention of analysts and tokenholders. One project that has piqued the interest of many, including researchers at Delphi Digital, is Curve Finance, a decentralized exchange for stablecoins …
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1inch to launch dollar-pegged stablecoin with ICHI
Decentralized exchange aggregator 1inch has partnered with the ICHI platform to issue a new stablecoin pegged to the U.S. dollar. In a Thursday announcement, 1inch said it planned to mint a stablecoin “with a blend” of its native 1INCH token and USD Coin (USDC) through ICHI’s Decentralized Monetary Authority, or DMA. The new one1INCH stablecoin …
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Blockware Mining raises $25 million to triple hash rate from Kentucky facility
Blockware announced Thursday that they have raised $25M in a second oversubscribed fundraising round. They plan to use the funds to expand their bitcoin mining operations in Kentucky, and will also install 8,000 more bitcoin mining rigs on its Paducah campus, where it recently purchased 5 acres of land. The company has already purchased the …
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Enjin’s EFI token sale nets $20 million as NFT aspirations grow
A public sale of EFI token on CoinList netted Enjin $20 million in proceeds, setting the stage for a successful launch of a nonfungible token, or NFT, network on Polkadot. A total of 40,089 users participated in the token sale, which closed in just two-and-a-half hours, Enjin announced Thursday. Over 600,000 users had registered for …
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Public Mint Partners With Abra To Tap Additional Source of Yield for EARN Platform
July 1, 2021 – San Francisco, California Public Mint, the fiat-based blockchain and payments infrastructure, has partnered with Abra, a leading wealth management platform with functionality for buying, selling, trading and earning interest on cryptocurrencies, to offer lucrative yield opportunities on the EARN program. Public Mint will deploy a portion of the funds allocated to …
Navigate the Market – Finding the Best Exchange With a Crypto Exchange Aggregator
As the hype around cryptocurrency exchanges has been increasing over the last couple of years, the community’s demand for the services is rising and their needs are changing, making crypto exchange providers go to all lengths. People nowadays require a service that allows them to be able to convert cryptocurrencies with no hassle, no custody, …
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JP Morgan Analyst Says This Indicator May Signal the End of Bitcoin Bear Phase
JP Morgan analyst Nikolaos Panigirtzoglou is sharing his thoughts on the current Bitcoin price action, hinting that the top cryptocurrency’s current bear phase may be coming to an end. In a new interview with CNBC, Panigirtzoglou says that over the past few weeks institutions appear to be reallocating funds from other cryptocurrencies back into Bitcoin, …
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Study names United States ‘most crypto-ready’ country
Despite not having a clear regulatory framework on cryptocurrencies, the United States has positioned itself as the “most crypto-ready” nation in the world based on several key metrics, such as Google searches, crypto ATM saturation and legislation. The 2021 Crypto-Ready Index, courtesy of research firm Crypto Head, gave the United States a top score of …
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‘Negative’ Bitcoin daily chart means bulls must defend $29K — Peter Brandt
Bitcoin (BTC) needs to stay above $29,000 to preserve the bullish case in the short term, famous trader Peter Brandt has warned. In a tweet on July 1, Brandt, well known for his shrewd BTC price calls in recent years, warned that the onus was on bulls to show Bitcoin’s strength. Brandt: Bitcoin daily performance …
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