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Bitcoin Is Resilient to Break the $42,000 Resistance


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...

South African Start-Up Aims To Shield Merchants From Crypto Price Swings


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


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...

Velas Launches 5 Million USD Funding Program


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


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


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


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....

Bitcoin Accelerates Above USD 40K, XRP Rallies


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


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


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...

Bitcoin Rallies Towards USD 40K On Amazon Speculation, Liquidations Soar


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


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


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...

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