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Bitcoin Returns Above USD 30K, Ethereum, Altcoins Rally
21.7.2021
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...
Circle Publishes USDC Attestation, Reserve Report Reveals Segregated Accounts in USD-Denominated Assets
20.7.2021
On July 20, the CEO of Circle Internet Financial LLC., Jeremy Allaire, published a blog post that explains the firm’s dollar-pegged stablecoin is backed by “prioritized trust, transparency, and accountability.” Allaire’s blog post follows a letter from the Centre...
NFT Market Gets A USD 100M Boost As OpenSea Turns Into Unicorn
20.7.2021
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
20.7.2021
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...
Here's how altcoin futures volumes and the USD lending rate signal market crashes
20.7.2021
Data shows that the dollar lending rate and futures volumes of select altcoins can be tracked to pinpoint overheated markets before a crash
Sanshu Inu, the New Entrant in the $DOGE Family
19.7.2021
$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...
Billionaire Fund Manager Jeffrey Gundlach Convinced Bitcoin Will Fall Below $23K, US Dollar Is ‘Doomed’
18.7.2021
Doubleline Capital CEO Jeffrey Gundlach, also known as the “Bond King,” has predicted that the price of bitcoin will fall below the $23K level. “Right now, the chart on bitcoin looks pretty scary,” he said, adding that “it looks like a massive head-and-shoulders...
Cointelegraph Consulting: Stablecoin activity drops after May peak
16.7.2021
Despite the tumble in stablecoin activity, average transactions of stablecoins DAI and UST still exceed those of USDT and USDC
Bitcoin May Surpass USD 66K in 2021 and USD 400K by 2030 - 'Panel of Experts'
15.7.2021
Source: Adobe/STEKLO_KRD
By the end of this year, bitcoin (BTC) may hit the USD 66,000 level, as well as rise above USD 400,000 by the end of 2030, according to the median price prediction by 42 industry players, surveyed by a comparison platform and information service Finder. Though there...
Police Reveal More Details About ‘USD 60M’ Crypto ‘Scam’
15.7.2021
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
14.7.2021
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...
Crypto crackdown targeting USD access points has begun: Caitlin Long
13.7.2021
Avanti’s Caitlin Long expects the U.S. Federal Reserve to make it harder for crypto companies to access USD payment channels
Incoming Squeeze? Bitcoin Shorts on Bitfinex Spike, BTC Long Positions Tap Fresh New Highs
12.7.2021
The entire market capitalization of all 10,800 cryptocurrencies in existence is down 2.8% on Monday as bitcoin has lost over 2.4% during the last 24 hours. Meanwhile, bitcoin shorts are rising again after bitcoin shorts tapped a two-year high on the derivatives exchange Bitfinex on June 25. Bitcoin...
Stock-to-Flow Bitcoin Price Model Criticized as BTC Price Ratio Matches 2019 Statistics
10.7.2021
During the last week, crypto enthusiasts and traders have been discussing the stock-to-flow (S2F) bitcoin price model created by the pseudonymous crypto analyst “Plan B.” Despite Plan B’s worst and best case scenario calls on June 20, a touch over a week later the analyst said...
USD 150,000 In Prizes for Alpha Inaugural Event in “REVV Racing” Blockchain Game
10.7.2021
Disclaimer: The text below is a press release that was not written by Cryptonews.com.
Mid level REVV Racing car NFTs. Concept art only; final designs are subject to change.
Animoca Brands announced today the public alpha launch of REVV Racing on 11 August 2021, which will include the Alpha...
Bitcoin SV (BSV) Attempting to Breach the Yearly Low of $106?
9.7.2021
Bitcoin SV has been trading on a muted note, where all the cryptocurrencies performed outstandingly compared to the larger crypto assets. Since the fall of May 19, 2021, BSV has not made a single positive swing with respect to the closing value of $183 on May 19. The ensuing negative trend on this...
Circle to Go Public via Bob Diamond-Backed SPAC Deal — Boston Firm Valued at $4.5 Billion
8.7.2021
The Boston-based crypto financial company Circle has announced the firm plans to go public this year in a merger with Concord Acquisition Corp. Circle revealed the news on Thursday and noted that the company expects to close the deal in Q4 with a valuation of $4.5 billion. Circle Announces SPAC...
Circle CEO Says USDC to Take High Road, But It’s a Long Road
8.7.2021
Jeremy Allaire made the promise at a time when investors have been demanding more transparency around USDC
Visa Crypto Card Users Spent Over USD 1B Globally This Year
7.7.2021
Payments giant Visa announced that crypto-linked card usage surpassed USD 1bn in the first half of 2021.
Their consumers globally spent more than USD 1bn worth of cryptocurrency on goods and services through Visa's crypto-linked cards in the first six months of the year, CNBC reported, citing...
Bitcoin Plays With USD 35K, Ethereum and Altcoins Climb
7.7.2021
Bitcoin price settled above the USD 34,000 pivot level. BTC seems to be forming a base above USD 34,000 and it could gain pace if it clears USD 35,000. It is currently (12:15 UTC) showing positive signs and it might remain well bid above USD 33,500.
Besides, most major altcoins are gaining bullish...