June 10, 2021

Thirst Trap

(Any views expressed in the below are the personal views of the author and should not form the basis for making investment decisions, nor be construed as a recommendation or advice to engage in investment transactions.) The majority of my essays in 2021 have focused on the fundamental building blocks of my bullish opinion on...
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Amber Group Announces New Amber App Referral Program

[PRESS RELEASE – Please Read Disclaimer] Amber Group, the leading crypto trading and technology firm, announced new user perks and an enhanced referral program on its popular crypto finance mobile app – Amber App. Starting today, qualified new users are eligible to receive 18 USDS and up to 16% APR on BTC, ETH, and USD...
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Polygon and 0x Announce $10M Fund to Onboard One Million Users

Polygon has announced that it will be partnering with 0x to raise a total of $10.5 million that will be used to attract more users into choosing its platform and the Ethereum blockchain.  According to a press release shared with CryptoPotato, the funds will be used to support projects and developers on the Polygon network, thus...
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US Bank State Street to Set Up a Digital Unit Focused on Cryptocurrencies

America’s second-oldest bank, State Street Corporation, will establish a digital unit to focus on cryptocurrency endeavors. This comes shortly after the banking organization with over $40 billion in Assets Under Management (AUM) said it will enable crypto trading through its platform. State Street Sets Up a Digital Unit The Finance Times reported State Street’s latest...
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Unbound Finance Raises $5.8M led by Pantera Capital and Michael Arrington’s XRP Capital

[PRESS RELEASE – Singapore, Singapore, 10th June 2021] Unbound Finance has secured $5.8 million in investment from leading crypto investors, including Pantera Capital and Arrington XRP Capital, to support the firm and become the first-ever decentralized cross-chain stablecoin.Unbound is aiming to create capital-efficient products that are both native and composable to the DeFi ecosystem. The...
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Nexo Engages Leading Accounting Firm Armanino to Provide Real-Time Attestation over Digital Asset Holdings

[PRESS RELEASE – London, United Kingdom, 10th June 2021] Nexo, the leading regulated institution for digital assets, has commissioned Armanino LLP, one of the largest accounting firms in the U.S. and a global leader in digital asset solutions, to provide real-time attestations over the company’s custodial holdings. Through Armanino’s TrustExplorer attest platform, Nexo will offer...
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NetcoinCapital To Be Listed On Coinsbit Exchange

[PRESS RELEASE – Please Read Disclaimer] NetcoinCapital announced that their token will be tradable on the Coinsbit Exchange from August 2nd. NetCoinCapital is a TRC20 cryptocurrency token based on the Tron blockchain platform. The company’s vision is to achieve great Technologies. The Netcoin tokens can currently only be purchased from the NetCoinCapital website, but will soon also be...
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Co-Founder of Dogecoin Is Hoping to Profit From the DOGE-Inspired NFTs

Billy Markus, a co-founder of Dogecoin, is offering a line of DOGE-inspired NFTs. Elon Musk’s and Coinbase’s listings aren’t the end of the Dogecoin craze. No, the world’s most popular meme cryptocurrency now has its own brand of NFTs, of which 420 are currently available for purchase. Advertisement Billy Markus, the cryptocurrency’s engineer and co-founder,...
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JPMorgan: Backwardation Points to a Bear Market for Bitcoin

Despite recovering several thousand dollars in a few days, JPMorgan strategists still revealed concerns about bitcoin’s price. In their most recent note on BTC’s performance, they breached the difference between the price on the spot and futures markets as the most significant worry for bulls. Backwardation is Still a Threat The price of the primary...
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Theta Price Prediction, Will THETA Hit $50 By 2021?

Theta price rally raised many eyebrows in 2021 that showcased a magnificent price surge by gaining more than 1300% growth. This is an innovative platform that aims to work for the streaming sector providing technical and economic solutions for decentralized video streaming.  Advertisement Theta Network incentivizes their users who relay videos on the platform on...
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Change of Heart? India Reportedly Considers Classifying Bitcoin as an Asset Class

After years of controversial history with the digital asset industry, India could be changing its mind again and moving from banning cryptocurrencies to classifying them as an asset class. By citing “top sources tracking the industry,” The New Indian Express reported the latest development earlier on June 10th. The paper reads that the government has...
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BitMEX x Wunderbit: Trading on Autopilot Made Easy!

Another week, another partner to add to our robust and burgeoning BitMEX ecosystem.  Today we are excited to welcome Wunderbit Trading to our Partner Programme. Regulated and licensed in Estonia, the Wunderbit platform not only allows its users to buy and sell cryptocurrencies in a simple, safe, and secure way, but they also provide tools...
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World’s Largest Meat Producer JBS Pays $11M in Bitcoin to Ransomware Hackers

The U.S. department of the world’s largest meat producer, JBS S.A., has paid its ransomware hackers $11 million in bitcoin. This comes amid warnings worldwide regarding the growing threat of such attacks and the involvement of cryptocurrencies. JBS Pays $11M in BTC to Cybercriminals JBS USA Holdings is an American food processing company operating under...
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Dohrnii: Decentralized Crypto Exchange with Deep AI Analysis

[Featured Content] AI in trading is not merely an idealistic concept anymore. AI is expected to learn and execute more efficient decisions and perform more than routine and repetitive tasks, which have been executed successfully by algorithmic trading tools for decades. A new market player claims to have found the missing link between algorithmic trading...
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China’s Police Arrests Over 1,000 Crypto Traders on Fraud and Money Laundering Charges

Chinese authorities have arrested 1,100 suspects who allegedly used cryptocurrency to launder funds for telecommunications network fraud activities. China Continues Crackdown on Crypto The  Ministry of Public Security on Wednesday (June 9, 2021) announced that authorities cracked down on a group of people believed to be running an illegal criminal gang. According to the announcement,...
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U.S. Senator: “Crypto is Bogus and a Lousy Investment”

Warren exploded at a session of the Senate Banking Committee discussing a U.S. government-backed central bank digital currency on Wednesday. Comparing decentralized crypto assets to a CBDC she said that crypto is a “fourth-rate alternative to real currency,” adding that “legitimate digital public money could help drive out bogus digital private money.” The irate Senator...
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El Salvador Will Use Its Volcanoes To Power Bitcoin Mining Facilities

When it comes to Bitcoin, the president of El Salvador does not know what it means to go slow. Over the weekend, he announced that he was working on a proposal to accept Bitcoin as legal tender. 3 days later, he introduced the bill to the Assembly, and hours later that same day, the bill...
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