Search
Bitcoin Is Resilient to Break the $42,000 Resistance
6.8.2021
Bitcoin traders are back in action and this time with an arsenal of volume at their back. BTC price has to cross the $42,000 levels to remain in the bullish sentiment, but we witnessed a sudden and consistent fall from the level to $38,000. Bitcoin has the fundamental potential and buyer sentiment...
Huobi Stablecoin Issuer Publishes Attestation Reports Tied to HUSD Reserve Backing
6.8.2021
The crypto financial services company Huobi and the firm’s stablecoin issuer Stable Universal have published monthly HUSD attestation reports. The audits indicate the funds that back Huobi’s stablecoin are kept in cash in U.S. money market accounts in order to ensure the 1:1 ratio with...
South African Start-Up Aims To Shield Merchants From Crypto Price Swings
5.8.2021
While opponents of cryptocurrencies continue to peddle the environmental damage or the terrorism funding narrative, users from countries where the majority is financially excluded see these as a breakthrough innovation. Crypto Utility Inspires Volatility Solutions For instance, to undocumented...
DACH Funds May Inject USD 657B In Digital Assets Within 3 Years - Report
4.8.2021
Source: AdobeStock / by-studio
Within three years, between USD 100bn and USD 657bn could be injected into the digital asset market from the DACH region which comprises the German-speaking countries of Germany, Austria, and Switzerland, according to a report released by Russian tech-focused think...
Circle and Unstoppable Domains to introduce username-based USDC payments
4.8.2021
USD Coin holders will soon be able to transfer the stablecoin via human-readable addresses across supported wallets and crypto exchanges
Velas Launches 5 Million USD Funding Program
3.8.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Press Release: Velas is proud to announce the launch of a 5 million USD funding program to support the growth of the Velas ecosystem and expand our reach in the new Web 3.0 epoch
3rd August, 2021,...
Dorsey’s Square Strikes Afterpay USD 29B Deal, Teases Bitcoin Role
2.8.2021
The Twitter boss Jack Dorsey’s crypto-keen payments venture Square has agreed a USD 29bn all-stock deal to buy the Australian buy now, pay later player Afterpay – in a merger that some believe will “create a global transactions giant.”
Square, which last month revealed it is working on a hardware...
On Monday, Managers of USD 2trn Get Access to Crypto + More News
30.7.2021
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
____
Investments news
Starting Monday, 4,000 of Germany’s Spezialfonds will be allowed to invest up to 20% of their portfolios in cryptoassets....
IOTA is on the Verge to Retest the $1 Resistance
30.7.2021
IOTA has been popularly known because of its potential and aspirations to combine the Internet of Things with blockchain networks. Leaving aside the technicalities of this blockchain and its cryptocurrency, let’s dive deeper into the analysis of IOTA’s price action and possible movements....
US Tax Bill Seeking USD 28B From Crypto Clears 1st Test, Amid Strong Criticism
29.7.2021
A US bipartisan infrastructure bill that might raise USD 28bn from crypto investors has been voted to advance, with a number of crypto industry insiders strongly opposing it.
The US lawmakers are looking into tightening the regulatory rope around crypto to squeeze more money out of the sector...
Bitcoin Accelerates Above USD 40K, XRP Rallies
28.7.2021
Bitcoin price started a strong increase this week above the USD 32,000 and USD 35,000 resistance levels. BTC is showing positive signs, but it must settle above USD 40,000. If there is a daily and a weekly close above this level, the bulls might aim for an increase towards USD 45,000 in the coming...
Bybit Contributes $19.3M in ETH, USDC & USDT to BitDAO
28.7.2021
To make any sector grow, finance is the backbone. So is true for the Decentralized Finance sector as well. Even though it may not deal with the requirements of any tangible goods or raw materials, the presence of digital assets, i.e., cryptocurrencies itself, stands testimony to date for the growth...
Bitcoin Plays With USD 40K, Ethereum, Altcoins Rally
28.7.2021
Bitcoin price remained well bid above the USD 36,000 and USD 36,250 levels. As a result, BTC started a fresh increase above the USD 38,000 resistance. It surged by 8%, tested the USD 40,000 barrier and it is currently (04:01 UTC) showing positive signs.
Similarly, most major altcoins are gaining...
Massive Short Squeeze Pushes Bitcoin Closer to $40K, Crypto Economy Jumps 9% Higher
26.7.2021
The price of bitcoin jumped over 15% in a matter of three hours on Sunday evening and came awfully close to the $40K handle. Since then, the crypto asset has dropped back a few percentages and currently hovers above the $38K range. The entire cryptocurrency economy has spiked 9.72% rising to $1.53...
Bitcoin Rallies Towards USD 40K On Amazon Speculation, Liquidations Soar
26.7.2021
Bitcoin price formed a strong support base above USD 32,000. As a result, BTC started a strong increase and it broke the USD 35,000 resistance. It even surged above USD 39,000 before correcting lower but it is currently (04:05 UTC) still showing bullish signs above USD 38,000.
Similarly, most major...
Suspected USD 330M Crypto Scammer: Set Me Free and I’ll Refund Investors
24.7.2021
Javier Biosca, a man accused of masterminding a Spanish crypto-themed fraud project believed to be worth over USD 330m, has appeared before a court to deny that he intended to cheat investors out of their funds. He also claimed he would be able to “fix the situation” for investors currently unable...
Paxos Standard Presents Assets Backing Its Stablecoins
23.7.2021
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
23.7.2021
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
22.7.2021
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...
Crypto Fear and Greed Index Taps Low at ‘Extreme Fear,’ BTC Technicals Point to Uncertainty
21.7.2021
On Wednesday, following the drop below the $30,000 region, bitcoin’s price has rebounded more than 8% since Tuesday’s low. Meanwhile, the sentiment metric recorded by the Crypto Fear and Greed Index (CFGI) is extremely low, pointing to “extreme fear” in the market. Despite...