August 26, 2021

Industry Grows Lobbying Efforts as U.S. House Takes Up Crypto Tax Proposal (Opinion)

With the gargantuan $1 trillion U.S. infrastructure bill in parliamentary limbo, the fate of the crypto tax proposal tacked onto it remains in question. Meanwhile, the cryptocurrency industry is getting organized with a new sense of urgency to lobby and campaign. The Senate has passed the trillion-dollar bipartisan infrastructure package without an amendment hoped for...
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Is Solana Price Rally Over? Will SOL Price Bounce Back to Hit $100 Target?

Solana (SOL) is on the decline, driven down by a lack of clarity in the crypto market after Bitcoin failed to break through the $50,000 barrier.  Last week, the SOL currency had a parabolic rally that propelled it to a new all-time high, making it one of the best-performing digital assets. Its price has risen...
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Research: Possible Wash Trading Within NFT Trading Activity

Amid the recent boom within the NFT Industry, a new study reveals that not all of the hype around the digital assets may be legitimate and could even show signs of wash trading. Nansen’s Analysis of the Industry The non-fungible token sector took the cryptocurrency world by storm this year and quickly expanded beyond it....
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Solana (SOL), Chiliz(CHZ) & Raydium(RAY) On The Brink of a Breakout! Here’s Next Price Level

The flagship crypto has slipped below support, hovering around $47K level again. Also, most altcoins are trading in red today. Amidst this minor sell off, 3 altcoins are still trading in green. What’s next for the price action is being determined by a popular analyst. Solana(SOL) The Ethereum competitor recently achieved a new ATH as...
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ABEYCHAIN Launches XSWAP: Decentralized Exchange Trading Platform

[Featured Content] Hot on the heels of launching the ABEYCHAIN 2.0 blockchain in May, ABEY Foundation, a non-profit firm dedicated to supporting and fostering its adoption, is entering the DeFi sector with its decentralized exchange. XSWAP is designed to enable DeFi users to explore core products within a secure platform. The DEX comes with different...
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Hacked Exchange Liquid Global Secures $120M Debt Finance from FTX

Recently hacked Japanese cryptocurrency exchange Liquid Global has secured a $120 million debt financing from Sam Bankman-Fried’s FTX exchange. According to an official statement by Liquid, the recent funding is part of efforts by both parties to pursue other collaborative opportunities that will contribute immensely to the global cryptocurrency ecosystem. Seth Melamed, COO of Liquid,...
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Former Mastercard International Baldomero Falcones Joins Card Division For Bit2Me

[Press Release – Please See Disclaimer] 26th August, 2021, Madrid —  Bit2Me continues to add talent to its project. Baldomero Falcones, a Spanish executive with a long and recognized track record of professional achievement, will become part of the cryptocurrency platform’s team as Senior Advisor. His mission will be to expand Bit2Me Card, the company’s...
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Indian Regulator Set to Roll Out Blockchain System for Monitoring Financial Instruments

India’s securities and commodity market regulator, the Securities and Exchange Board of India (SEBI) has revealed intentions to increase the use cases of blockchain technology in monitoring financial instruments in the country. Indian Regulator to Adopt Blockchain Next Year In a press release published on the regulator’s official website, SEBI announced it is currently making...
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UK Billionaire Simon Nixon’s Family Office to Enter the Cryptocurrency Space: Report

Digital assets continue to grow and take substantial portions of the financial markets, said Seek Capital’s managing director – Adam Proctor. As such, the family office will increase its allocation to it and hire a designated cryptocurrency analyst. By definition, a family office is a privately held company handling investment and wealth management for high-net-worth...
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Introducing Lower Margin Requirements on Large Positions for XBTUSD and ETHUSD Swaps, plus ADAU21, EOSU21, TRXU21, and XRPU21 Futures

We will increase the risk step on our XBTUSD Swap, ETHUSD Swap, and ADAU21, EOSU21, TRXU21 and XRPU21 Futures as detailed below, effective 31 August 2021 at 06:00 UTC. The XBTUSD Swap Risk Step will increase from 100 to 150 XBT The ETHUSD Swap Risk Step will increase from 75 to 100 XBT The ADAU21,...
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Gravity Sport, a Leading-edge NFT marketplace, Becomes a Second Partner of Parma Calcio 1913

[PRESS RELEASE – Parma, Italy, 25th August 2021] Parma Calcio 1913 is delighted to announce a new partnership for the 2021/22 season. The Club has joined forces with Gravity Sport, who, starting from this evening’s match against Frosinone, will be a Second Partner on the shirts of the Men’s First Team. Gravity Sport is a...
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Miley Cyrus’ Happy Hippie Foundation Announced as The First Beneficiary Of The SOS Foundation

[PRESS RELEASE – Santa Monica, California – USA, 25th August 2021] SOS Foundation is a decentralized, community-driven token dedicated to supporting humanitarian programs, preserving creative arts communities and protecting our planet’s environmental resources. The SOS Foundation was established in order to receive distributions from the SOS’s tokenomics. The SOS Foundation has established relationships with several...
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XRP Price Analysis: A Breakout Above This level will Signal the Resumption of the Uptrend

For several days, the rising trend in XRP price action has been paused as the cryptocurrency has been unable to maintain its upward march. Although the bulls are fighting to keep the market moving upward, it is clear that they are losing control of the market momentum. At the moment, Ripple’s XRP Price is trading...
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U.K. Regulators: We Can’t Supervise Binance Properly

In reference to the world’s largest crypto exchange, Binance, the U.K. financial regulator has stated that “based upon the firm’s engagement to date, the FCA considers that the firm is not capable of being effectively supervised,” On August 25, Reuters reported that the regulator is concerned about Binance’s global reach and range of products which...
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Morgan Stanley Increases its Crypto Exposure With Large Investments in the Grayscale Bitcoin Trust

Despite the bearish rhetoric prevalent among crypto analysts until recently, Morgan Stanley, one of the largest banks in the United States, has been gaining exposure to Bitcoin by investing millions of dollars through its various funds. Even though the information was publicly available, Twitter User MacroScope was one of the firsts to share it on...
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Bitcoin (BTC) $ 97,597.15 3.54%
Ethereum (ETH) $ 3,338.58 8.30%
Tether (USDT) $ 1.00 0.22%
Solana (SOL) $ 257.02 9.58%
BNB (BNB) $ 619.54 1.69%
XRP (XRP) $ 1.12 2.13%
Dogecoin (DOGE) $ 0.385776 1.96%
USDC (USDC) $ 0.999781 0.19%
Lido Staked Ether (STETH) $ 3,337.64 8.31%
Cardano (ADA) $ 0.794693 3.37%