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Paxos Standard Presents Assets Backing Its Stablecoins


Paxos, a regulated blockchain company, recently presented the basket of resources that back its stablecoins. Paxos Standard (PAX) and Binance USD (BUSD) are reportedly backed almost 100% by cash and cash equivalents. Dan Burstein, CCO of Paxos, harshly criticized Tether and Circle, issuers of other...

RUNE Recovers 11% After Crash and Thorchain USD 8M Hack


Following another hack suffered by blockchain protocol Thorchain, and the sharp drop in RUNE's price, the coin is now recovering. The price of the native token crashed 23% in a couple of hours between July 22 and 23 (UTC). It has gone back up 11% since then. At 7:45, it's trading at around USD...

Bitcoin Takes Support from $30k Despite Upside Potential


The price action on Bitcoin seems to be capped at $30000 on the lower side. Just like the buying action seen during May 19, 2021, and June 22, 2021, BTC price has again bounced back. This assures a minimum risk for investors with good profitable opportunities. Technical analysis indicates some...

Bitcoin Climbs Above USD 31K, Ethereum And Altcoins Grind Higher


Bitcoin price started a steady recovery wave above the USD 30,000 resistance. BTC even surpassed the USD 31,000 resistance and is currently (12:15 UTC) showing positive signs. The next key barrier is near USD 32,000, above which the price might accelerate higher. Similarly, most major altcoins...

Coin98 Generates $11.25M for Vital Financing Expansive


The potent South East Asian crypto wallet, Coin98, in an endeavor to enhance their Decentralized Finance (DeFi) offerings, accepted financing grants worth $11.25 million. This financing revenue was attained in May 2021, resulting in an accomplished expansion of Coin98’s imperative business...

Bitcoin Returns Above USD 30K, Ethereum, Altcoins Rally


Bitcoin price found support above USD 29,250 and started an upside correction. BTC climbed above the USD 30,000 level and is currently (04:31 UTC) showing recovery signs. If it succeeds to stay above USD 30,000, the price could test the USD 31,000 resistance. Similarly, most major altcoins...

NFT Market Gets A USD 100M Boost As OpenSea Turns Into Unicorn


New York-based non-fungible token (NFT) marketplace OpenSea said it raised USD 100m, valuing the company at USD 1.5bn and bringing more capital to fuel NFT adoption. The investment round, that followed a USD 23m Series A round in March, was led by Andreessen Horowitz (a16z), with participation...

Ethereum, Altcoins Drop Against Bitcoin Amid Risk Asset Seloff, Strong USD


Bitcoin price is following a bearish path below the USD 32,000 pivot level. BTC even broke the main USD 30,000 support zone. The price is currently (04:23 UTC) moving lower and it could even test the USD 28,000 support in the near term. However, BTC is the best performing major cryptoasset today...

Sanshu Inu, the New Entrant in the $DOGE Family


$DOGE family is growing bigger day by day, and the cryptoverse is thrilled about it. Meme coins such as Dogecoin, Shiba Inu, and now Sanshu Inu have attracted several crypto enthusiasts. Meme coins such as Sanshu Inu not only promote crypto adoption but also help to tackle the biggest pain point...

Police Reveal More Details About ‘USD 60M’ Crypto ‘Scam’


Further details are emerging about an alleged Japanese crypto scam that may have sucked in between 15,000 and 20,000 mainly middle-aged investors. As reported, police in Aichi Prefecture are continuing to investigate a company named OZ Project after officers arrested four men, believed to be...

Damien Hirst Starts USD 20M Experiment - NFT vs. Paper


Damien Hirst’s The Currency. Continuing his dive into the realm of non-fungible tokens (NFTs), UK superstar artist Damien Hirst has created a collection of 10,000 art pieces that come with accompanying digital artwork. Eventually, their owners will have to decide, however, whether they want to keep...

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