July 16, 2021

Japan to Implement Stricter Rules on Stablecoins: Report

The Japanese government intends to put stablecoins under strict regulation as some authorities consider them a threat to the country’s financial stability. At the same time, the Bank of Japan aims to issue a digital yen that it sees as a safer alternative to private virtual currencies. Japan’s Next Crypto Move According to Reuters, three...
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Cardano DeFi Project Spores Raises $2.3 Million in Funding Round

Spores Network, a new creator-centric NFT and DeFi platform, has announced that it raised about $2.3 million from investors in a just-completed funding round. Cardano’s First Full-Stack DeFi Platform In a press release shared with CryptoPotato, Spores noted that it is stepping up its game to become the first full-stack NFT and DeFi platform to...
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Bitcoin Rangebound in Anticipation of a Major Move: The Weekly Crypto Recap

It was a tough week price-wise in the cryptocurrency market. The total capitalization lost around $100 billion as every single coin from the top 20 is in the red. Some lost more than others, but we’ll get to that later. Kicking it off with Bitcoin. It had a relatively calm week, and even though it’s...
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How Does the FCA’s Binance Ruling Reflect on Cryptocurrency’s Growth?

There has been an influx of people getting into all kinds of trading this year. January 2021’s events around the Reddit-inspired crashing of GameStop stock shows that people who have otherwise remained away from the markets are interested in how they work. For cryptocurrency, this can only be a good thing. The more people who...
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KCC Bridge Goes Live to Enable Token Cross-Chain Swap Between KCC and Ethereum

[PRESS RELEASE – Victoria, Seychelles, 16th July 2021] A new generation of public chain – KCC officially launched its cross-chain bridge, the KCC Bridge. It provides bridging services to the KCC public chain by allowing native tokens on other chains to interchangeably transact and circulate on KCC. The KCC Bridge will first support stablecoins such...
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Bank of America Reportedly Approves Bitcoin Futures Trading

After years of bashing Bitcoin, one of America’s largest banking establishments – Bank of America – seems to have completed its 180-turn. The organization has purportedly approved the trading of BTC futures. Citing two sources familiar with the matter, CoinDesk reported that the Wall Street behemoth will enable some of its customers to trade BTC...
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Ethereum Price Is In a Make-or-Break Situation. Will ETH Price Rise Above the Significant $2000 Levels?

On Thursday, the global cryptocurrency market flashed red as the Crypto Market Cap fell below $1.3 trillion. Bitcoin, the world’s most valuable cryptocurrency, fell below the critical support level of $32,000. It has been progressively losing ground, hovering at the first support level of $30,900.  Ethereum, the second-most valuable cryptocurrency in the world, remained erratic...
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Three Months Later: Binance Shuts Down Stock Tokens Trading

Binance announced earlier on July 16th that it has “effective immediately” halted one of the most recently-released services – trading digital tokens representing equity stocks. This comes amid the exchange’s regulatory issues in numerous countries. CryptoPotato reported in April 2021 when the leading cryptocurrency exchange added support for a new product enabling its users to...
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Another DeFi Hack: THORChain Compromised With up to $7.6M Stolen

THORChain is the latest DeFi project to be exploited, with estimations showing that the hackers might have swooped up to $7.6 million in digital assets. The team behind the decentralized exchange promised to make whole all affected users and requested the perpetrators to contact them to discuss the return of funds. THORChain highlighted the hack...
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Jackson, Tennessee Looking into Adding BTC Payments for Taxes, Said the Mayor

Jackson, Tennessee, could soon implement BTC for property tax payments, according to the city’s mayor – Scott Conger. He made this statement shortly after bashing the US government for the unnecessary high inflation rates across the entire country. Scott Conger, the mayor of Jackson, Tennessee, since 2019, took it to Twitter to indicate that the...
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Unifi Protocol Creates a Combination of DeFi and Blockchain Staking with Acquisition of Multi-Chain Staking Provider

[PRESS RELEASE – Singapore, Singapore, 15th July 2021] Unifi Protocol is proud to be the first DeFi platform to create a blended ecosystem of DeFi and blockchain node staking rewards. Exisitng nodes on 6 blockchains will join with Unifi’s existing 7 chain DeFi ecosystem. Blockchain validation is a large industry, and projected to grow substantially...
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Payments Platform Square Touts New DeFi Business Focusing on Bitcoin

Details were thin on the ground in Dorsey’s July 15 tweet, but the company CEO said that it would launch a platform for developers to create non-custodial decentralized finance projects built around Bitcoin. Twitter CEO Dorsey added that the project will be completely open-source, just like its new Bitcoin hardware wallet. He continued to state...
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Bitcoin (BTC) $ 98,546.40 0.12%
Ethereum (ETH) $ 3,360.58 0.56%
Tether (USDT) $ 1.00 0.04%
Solana (SOL) $ 258.31 0.35%
BNB (BNB) $ 668.40 6.24%
XRP (XRP) $ 1.55 11.55%
Dogecoin (DOGE) $ 0.462481 17.82%
Cardano (ADA) $ 1.10 27.29%
USDC (USDC) $ 1.00 0.07%
Lido Staked Ether (STETH) $ 3,359.12 0.30%