Blockchain Capital remains a major tech backer in the DLT space with investments in numerous crypto and DLT projects. Fund V with $300M Funding According to a press release published on Monday (June 22, 2021), Blockchain Capital has closed funding for its Fund V LP. The capital raise reportedly drew participation from several high-profile backers...Read More
The House passed the Eliminate Barriers to Innovation Act (20 April 2021). The passed act requires the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a working group with the goal of clarifying in which cases the jurisdiction over a certain token belongs to SEC and in which to CFTC. SEC’s Commissioner, Hester...Read More
The Bitcoin rollercoaster continues after the price dropped by a precipitous 14% from today’s high of $33,250 to reach as low as $28,600. After hitting this level, the cryptocurrency quickly rebounded back above $32,000 liquidating a huge amount of long then short positions. Yesterday, it seemed like the critical support of $31.7K was holding, however,...Read More
[PRESS RELEASE – Please Read Disclaimer] Nairobi, Kenya, June 21, 2021 – UTU, a decentralized trust infrastructure provider building new models of digital trust via artificial intelligence and blockchain, has partnered with Ocean Protocol to launch its trust infrastructure on the Ocean Market. Ocean Protocol is an ecosystem that unlocks the value of data. Data...Read More
Iranian authorities have confiscated about 7,000 cryptocurrency mining machines. The latest development is in line with Iran’s crackdown on illegal bitcoin mining activities. According to Reuters on Tuesday (June 22, 2021), General Hossein Rahimi, Tehran police chief, revealed that the computer miners were found at an abandoned factory in Iran’s capital, which was used to...Read More
ADA/USD – ADA Plummets Beneath The 100-day MA Key Support Levels: $1.07, $1.00, $0.913.Key Resistance Levels: $1.20, $1.30, $1.42. ADA fell beneath the 100-day MA at $1.42 over the weekend and has since plummetted as low as $1 today. The cryptocurrency was trading inside a symmetrical triangle pattern and broke toward the downside of the...Read More
[PRESS RELEASE – George Town, Cayman Islands, 22nd June 2021] Ethernity Chain (ERN) is coming to Binance’s Innovation Zone and will receive three trading pairs later today. The popular community-oriented platform with a strong focus on authenticated and limited edition NFTs has received a lot of attention lately. This token listing further enhances the appeal of...Read More
Jan van Eck, the CEO of the giant investment manager, VanEck, has asserted that the firm’s customers have a growing appetite for a Bitcoin ETF. This comes amid the company’s frequent attempt to have an exchange-traded product approved in the US. During a recent interview with CNBC, van Eck spoke about the company’s plans to...Read More
The consequences of the nationwide Chinese crackdown on Bitcoin mining are more than evident in a few short weeks. The hashrate has dropped dramatically by nearly 50% from its peak, the number of daily issued coins has declined, and the Puell Multiple has reached a multi-month low. The Effects of the Chinese Crackdown Although Bitcoin...Read More
Bitcoin price seems to have lost its grip over the bull market as the price is constantly collapsing every new day. The price had recovered above $33,000 yet with a fresh slump declined below $30,000 despite multiple attempts to sustain. At present, BTC price is testing the range low in an effort to preserve the...Read More
[PRESS RELEASE – San Francisco, California, 22nd June 2021] Public Mint, the fiat-native public blockchain ecosystem, is excited to announce that Circle’s USD Coin (USDC) will now be natively integrated with the Public Mint blockchain, providing a simple gateway to connect Public Mint’s fiat-centric network to the vibrant DeFi ecosystem on Ethereum – and potentially...Read More
Things in the cryptocurrency market are looking increasingly bad as the price for bitcoin just crashed below $30,000. Bitcoin’s price is currently trading below $30,000. This hasn’t happened in months as the last time we saw these levels was in January 2021. BTC/USD. Source: TradingView Other cryptocurrencies are also following suit with most of the...Read More
It seems that the DOGE-year could be over as the meme coin that surged in popularity after numerous Elon Musk engagements is down by roughly 75% since its peak less than two months ago. This highlights the dangers for retail investors who follow celebrities blindly, as many of them are now urging Musk to help...Read More
Bitcoin plunged to a two-week low on Monday, falling as much as 11.4% to $31,735. The flagship crypto has been highly volatile, as it has dropped more than 20% in the last six days and is almost half the price of its April high of nearly $65,000. The token’s price pattern on the charts has...Read More
Bitcoin’s price continues to lose ground, and it dropped to just over $31,000 hours ago. However, its dominance over the market has increased to a monthly high as most alternative coins have dumped by double digits. Bitcoin Dominance on the Rise Despite the Correction As CryptoPotato reported over the weekend, BTC had recovered some of...Read More
Grayscale’s parent company, Digital Currency Group (DCG), revealed that it was planning to authorize the purchase of shares of the Grayscale Ethereum Classic Trust (OTCQX: ETCG) worth up to $50 million. Digital Currency Group Doubles Down on Ethereum Classic The company made the announcement via a press release on Monday (June 21, 2021). According to...Read More
The JewCoin DAO Ecosystem, already notorious in the cryptocurrency market, is progressively developing. Last week, representatives of JewCoin, the first kosher DAO ecosystem, presented Israeli Finance Minister Avigdor Lieberman with a certificate for owning a unique NFT Digital Hamsa crypto amulet. NFT JewCoin DAO certificate for Avigdor Lieberman. We have to admit that the JewCoin...Read More
Jim Cramer made the revelation on June 21 during an interview with CNBC’s Squawk Box, in which he cited a number of reasons for his decision to sell. “Sold almost all of my bitcoin. Don’t need it,” Cramer said, citing China’s mining crackdown as the primary reason. He acknowledged that Bitcoin is a direct threat...Read More
The arrival of the death cross does not seem to scare Michael Saylor, who bought $500 million just when this terrifying pattern was forming. But Michael Saylor is not the only one who thinks so. Ricardo Salinas Pliego, the third richest man in Mexico, also believes that Bitcoin is an excellent investment. During an interview...Read More
