Robinhood, the popular crypto-friendly trading platform, has reportedly delayed its plans to go public because of scrutiny from the US Securities and Exchange Commission. The agency has outlined issues with the company’s cryptocurrency-related endeavors. Robinhood IPO Delayed to June Founded in 2013, Robinhood quickly became one of the most utilized trading platforms, with over 20...Read More
A few years after banning the usage of digital assets within its borders, Tanzania is heading towards a full 180-turn. The nation’s central bank asserted today that it has begun working on a recent directive from the President to adopt cryptocurrencies. CryptoPotato reported a few weeks back when Tanzania’s President – Samia Suluhu Hassan –...Read More
This week was a complete rollercoaster in the cryptocurrency market. Unfortunately, things failed to turn out for the better and the majority is trading in the red. Bitcoin Bitcoin is down a steep 11.7% this week as it currently trades beneath $34,000. The cryptocurrency started the week by dropping into support at $31,185 (downside 1.618...Read More
After laughing at Jack Dorsey’s proposition for a Bitcoin conference earlier, Elon Musk has actually agreed to a BTC conversation with the CEO of Twitter at the event. As reported earlier, Elon Musk likes to have fun with the cryptocurrency community. Perhaps that’s why he initially laughed at Jack Dorsey’s most recent Bitcoin endeavor. The...Read More
The CEO of Tesla, SpaceX, and The Boring Company, has taken another humoristic stab at BTC maxis by asking how many are needed to change a light bulb. The wave of comments didn’t disappoint from names like Michael Saylor, Dan Held, Raoul Pal, and more. Ever since the start of the year when Musk said...Read More
Ethereum’s London hard fork launched on the Ropsten testnet on June 24 in preparation for the mainnet rollout in July. The upgrade will usher in the implementation of the highly anticipated EIP-1559 modification that will adjust the Ethereum transaction fee calculation mechanism. Ropsten in #London!Welcome #EIP1559https://t.co/oKhEMR83fz — Nethermind (@nethermindeth) June 24, 2021 The next phase...Read More
Cryptocurrencies are back in the geopolitical scenario. The Palestinian Monetary Authority is reportedly working on issuing a digital currency as a strategy to achieve a higher level of financial independence. This effort would put Palestine on the same list as other nations like Venezuela, the Marshall Islands, the Bahamas, China, and the latest endeavors of El...Read More
The number of US city mayors, whether current or running, supporting bitcoin continues to grow. After Miami’s Francis Suarez, the favorite to win the race in New York City, Eric Adams, promised to make NYC different in a year, including becoming the “center of bitcoins.” BTC Going to NYC? Running as a Democrat, Eric Adams...Read More
With BTC’s price going through a severe correction this week, reaching a near six-month low, the question arisen within the community if we have officially entered a bear market. Dumping to more than 50% south from its peak, which came just two months ago, certainly has some arguing that the bears are indeed in control....Read More
The US cryptocurrency exchange – Gemini – announced a long-term initiative called Gemini Green, aiming to add environmentally conscious practices into its business. The trading venue partnered up with Climate Vault and plans to purchase 350,000 metric tons of carbon – a move striving to decarbonize bitcoin. The Crypto Platform That Will Offset Its Own...Read More
Over the past month, since the May-19 price collapse, BTC had been trading inside a range between $30K from below and $42K from above. Last Tuesday, Bitcoin broke below the range, and for the first time since January 2021, traded beneath $30K. This lasted only for two hours before bulls stepped in for a heavy...Read More
The total amount of ETH staked ahead of the upcoming Ethereum 2.0 upgrade has grown significantly and will likely continue to increase as the launch date draws closer. 100 ETH Staked in a Day Data from CryptoQuant revealed yesterday that more than 100k ETH worth over $200 million as per current prices was sent to...Read More
Following the recent FUD around high energy usage from cryptocurrency projects, Enjin – the NFT ecosystem provider and creator of the ERC-1155 token standard, has turned its JumpNet blockchain carbon negative. This comes after joining the Crypto Climate Accord, aiming to decarbonize the industry. Enjin Joins Crypto Climate Accord Ever since Tesla’s Elon Musk criticized...Read More
Roughly three years after releasing its first crypto-related product, the private US venture capital firm a16z has outlined plans to double down via a ‘radically optimistic’ digital asset fund. The company’s partners called the industry ‘the future of finance.” Founded in 2009, Andreessen Horowitz is a venture capital giant operating from California that has already...Read More
The cryptocurrency investment company in Cape Town, South Africa – Africrypt – allegedly stole nearly 70,000 bitcoins. The two brothers Ameer and Raees Cajee, who are the founders of the firm, have disappeared. The Biggest Crypto Scam in South Africa Bloomberg reported that the customers of the South African trading venue – Africrypt – became...Read More
XRP/USD – XRP Rebounds From 2019 Highs Key Support Levels: $0.6, $0.556, $0.5.Key Resistance Levels: $0.72, $0.781, $0.8. XRP is down by a sharp 23% over the week after falling beneath the 2020 highs at $0.8282 and dropping below the 200-day MA at $0.72. It continued down until support was found at $0.55 – the...Read More
Although bitcoin recovered several thousand dollars after its mid-week crash, JPMorgan strategists still envision a bearish future for the asset. In their latest memo on its performance, they touched upon the upcoming unlocking of GBTC shares, which could drive the cryptocurrency down to $25,000. GBTC Shares to Play a Crucial Role Led by Nikolaos Panigirtzoglou,...Read More
The BIS, which is often called the central bank to the world’s central banks, set out recommendations on June 23 as to how a CBDC should be. It estimated that around 56 central banks and monetary authorities around the world are now looking at digitizing their currencies as commerce shifts online, as reported by Reuters....Read More
Today is a sad day for the crypto-verse. For good or bad, John McAfee, one of the most eccentric, bizarre, and influential personalities of the ecosystem, said his goodbyes to the physical world in a no less eccentric, bizarre, and controversial way: He committed suicide by hanging himself from a rope in his prison hours...Read More
John McAfee, the veteran entrepreneur, and cryptocurrency proponent, has been reportedly found dead in his prison cell. Two leading Spanish outlets, El Mundo and El Pais reported that the US entrepreneur has been found dead in his prison cell in Barcelona. The news was also shared by Reuters Legal on Twitter. John McAfee found dead...Read More
After joining forces with NBA’s Miami Heat, the cryptocurrency exchange FTX keeps its expansion with significant partnerships – this time is the US MLB. As a result, the trading platform has become the Official Cryptocurrency Exchange brand of the league. According to a press release from earlier on June 23rd, FTX has entered into a...Read More
The latest price correction that drove bitcoin to its lowest position in nearly six months put the asset “very close” to the bottom, argued analysts from the crypto-oriented company Stack Funds. However, they warned of potentially high volatility in the following weeks due to the expiring quarterly BTC options and the unlocking of GBTC in...Read More
Bitcoin whales have used the recent price dump as an opportunity to accumulate more BTC according to on-chain data. This came as the cryptocurrency dumped below $29,000 following substantial sell-offs from large players. Bitcoin Whales Bought the Dip? BTC whales represent large wallets that contain between 100 and 10,000 bitcoins, and their role in the...Read More
ETH/USD – Ether Rebounds From 200-day MA Support Key Support Levels: $1888, $1710, $1625.Key Resistance Levels: $2160, $2300, $2400. Ethereum dropped beneath its consolidation pattern toward the end of last week and fell into the support around $2150 over the weekend. Unfortunately, on Monday, ETH slipped beneath $2200 and continued lower until finding support at...Read More
Michael Novogratz – the CEO of Galaxy Digital – shared another positive forecast for the future of the primary digital asset. Despite the ongoing crypto crash, he still looks at bitcoin as the better version of gold. ”I’m Still a Big Buyer of Bitcoin” The billionaire founder and head of Galaxy Digital – Mike Novogratz...Read More
Several top cryptocurrency exchanges in South Korea have engaged in a mass delisting of many of the altcoins they offer to foster their relationships with banks. Crypto Exchanges Partnering With Banks According to a Tuesday report by a local media outlet, South Korean exchanges are taking these steps to strengthen their chances of partnering with...Read More
No boring days in crypto as bitcoin went through a roller-coaster with a few thousand-dollar moves down and up. The alternative coins also recovered some of the losses, with the entire market cap regaining $200 billion since yesterday’s low. Bitcoin Reclaims More Than $5K It all seemed calm during the weekend when BTC stood in...Read More
Despite bouncing off and recovering several thousand dollars in a day, bitcoin could still be primed for more adverse price movement, says on-chain data. Furthermore, a popular analyst pointed out that BTC could be on its way to bottoming around $24,000. Short-Term BTC Reserves Says Bearish The past 48 hours were highly turbulent for the...Read More
The United Kingdom appears to be operating in the same light as the U.S. with regard to its stance on cryptocurrencies. Further warnings and banking clampdowns have occurred, the latest coming from the Financial Conduct Authority (FCA). FCA head of enforcement and market oversight Mark Steward issued the warning at a weekly virtual summit, stating...Read More
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
