The United Kingdom’s Metropolitan Police (Met) unveils that it has made the largest cryptocurrency seizure in the country worth hundreds of millions of dollars as part of an ongoing investigation related to money laundering. ADVERTISEMENT In a statement, the law enforcement division says it confiscated $158 million worth of crypto assets after receiving reports about …
Category archives: Trending Crypto news
No Joke – Dogecoin Creator Jumping Back Into Crypto After Eight-Year Hiatus
Dogecoin creator Billy Markus unveils that he’s getting back into crypto after staying on the sidelines for nearly a decade. Markus tells his 425,900 Twitter followers that he bought the meme cryptocurrency Dogecoin (DOGE) using investing app Robinhood. ADVERTISEMENT “I bought Dogecoin after eight years of vowing never to buy crypto again, an hour …
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Hype is over: How NFTs and art will benefit from each other moving forward
Due to the past nonfungible token (NFT) boom, the crypto and art communities have been collaborating closely — maybe for the first time in history. In both industries, there is a lot of skepticism and misunderstanding. As we make our way out of the NFT bubble, what is expected to come next? This deep dive …
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CME Micro Bitcoin futures surpass 1M contracts as institutional speculation grows
Institutional exposure to cryptocurrencies via derivatives continued to grow in the second quarter, as CME Group’s newly launched Bitcoin (BTC) micro contract received considerable uptick in its first two months of trading. Since launching on May 3, CME’s Micro Bitcoin futures contract has already surpassed 1 million contracts traded, the Chicago-based derivatives market announced earlier …
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JP Morgan: Bitcoin Bottom Not In, Turnaround Not Happening Until Price Hits This Level
Global investment bank JP Morgan is not optimistic about the price of Bitcoin heading into July as the threat of sell pressure looms on the horizon. Bloomberg reports that JP Morgan strategists are not lifting their bearish Bitcoin outlook, as a large Grayscale Bitcoin fund, GBTC, prepares to unlock more shares, giving BTC holders a …
‘Absolutely right’ to think of Bitcoin as the new gold — Mexico’s 3rd richest man
Bitcoin (BTC) is definitively the “new gold” for the third richest man in Mexico, Ricardo Salinas Pliego. In a tweet on June 27, Ricardo Salinas Pliego confirmed claims that he recommends Bitcoin as an investment rather than fiat currencies or gold. Pliego reiterates Bitcoin benefits Pliego, already well known as a Bitcoin proponent, has stuck by his …
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Hashing out a future: Is Bitcoin hash rate drop an opportunity in disguise?
China’s crackdown on Bitcoin (BTC) mining operations has led to a significant drop in the network’s hash rate, but industry participants believe it presents an incredible opportunity for the wider mining ecosystem. China has long been a major contributor to the Bitcoin mining space, at times accounting for more than 70% of the global hash …
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Bitcoin bounces off $30K amid ‘possibility’ of exit to mid-$40K range
Bitcoin (BTC) rose from a fresh $30,000 support challenge on June 27, continuing uncertain ranging which has worried traders. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin avoids sub-$30,000 “nuke” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting highs of $33,445 on Bitstamp Sunday. Saturday saw the pair drop back to $30,070, ultimately averting …
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Crypto needs a decentralized daily reference rate
“If you can’t measure it, you can’t manage it” is probably the most cited quote attributed to Peter Drucker, who is known as the father of management thinking. While the quote is apocryphal, nevertheless it gained its place in the pantheon of business books because it highlights the importance of reliable metrics in making sound …
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Cardano, Ethereum and Two Altcoins To Catch Fire if They Can Hold These Price Levels: Michaël van de Poppe
Widely-followed crypto strategist Michaël van de Poppe says he’s keeping a close watch on the price action of Cardano, Ethereum and two low-cap altcoins as the digital asset market continues to show signs of weakness. In a new tweet, Van de Poppe tells his 346,800 followers that while Cardano has recovered a key level against …
Bitcoin’s Prevailing Sentiment Signaling Huge Breakout, According to Crypto Analyst Nicholas Merten
Popular crypto analyst Nicholas Merten has his eye on a key indicator that may be showing Bitcoin is hitting its bottom and preparing for a big breakout. In a new strategy session, Merten takes a look at the fear and greed index, which gauges the overall sentiment of crypto traders and investors by utilizing a …
Smart cities are the future, but they might threaten privacy
You might have heard the term “smart city” before — a futuristic, utopian idea that we might see implemented in the foreseeable future. Indeed, some metropolises — like Singapore, Seoul, Amsterdam, Oslo and Tokyo — are already on their way to becoming “smart.” So, what makes a city smart? That label is still quite abstract …
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3 reasons why Quant (QNT) price rallied 125% this week
Real-world use cases and delivered value are important when evaluating the long-term prospects of a cryptocurrency project, and this is especially true in down markets when sentiment is low and the possibility of an extended bear market is a reality. One project that has been gaining momentum over the past month despite the market-wide downturn …
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Two Altcoins Could Unseat Ethereum, Cardano, Polkadot and Binance Smart Chain, Says Trader Ben Armstrong
Cryptocurrency trader and analyst Ben Armstrong believes that the battle for dominance among smart contract blockchains is well underway. In a video, Armstrong says Solana (SOL) and Elrond (EGLD) are the newest blockchain platforms that could “possibly unseat the big boys” such as Ethereum (ETH), Cardano (ADA), Polkadot (DOT) and Binance Smart Chain. The cryptocurrency …
Binance to cease operations in Ontario following regulatory crackdown
On the tails of a warning from Japanese regulators on Friday, Binance has announced in a short statement yesterday that it will cease providing services to users located in Ontario. “As part of our continuing compliance efforts, Binance has updated its Terms of Use to provide that Ontario (Canada) has become a restricted jurisdiction, effective …
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