Crypto
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Bitcoin slides with S&P 500 as Fed signals tapering $120B monthly bond purchases
Bitcoin (BTC) prices briefly fell below $44,000 on Thursday as the United States Dollar strengthened after the U.S. Federal Reserve policy minutes revealed its intentions to limit its bond-purchasing program this year. Bitcoin risks $45,000 becoming new resistance The spot BTC/USD rate dropped 1.71% to a new week-to-date low of $43,955. The pair’s plunge appeared as a part of a technical correction that started after it had reached a three-month high of $48,176 on Saturday, following a 64.42% price rally. Bitcoin daily price chart. Source: TradingView Bitcoin’s latest price decline also surfaced in line with a similar market bias on Wall Street. For instance, the benchmark S&P 500 index lost 47.81 points, or 1.1%, dropping to 4,400.27 during Wednesday’s final hours of tradin...
Dune Analytics opposes $25M Uniswap grant to competitor
Dune Analytics, a decentralized finance (DeFi) analytics service, has voiced its opposition to a Uniswap (UNI) governance vote for “Community-Enabled Analytics” that would see fellow analytics provider Flipside Crypto managing about $25 million worth of UNI tokens. Tweeting on Thursday, Dune highlighted the lack of community attention to the matter while also stating that grants should be given to community members and not to service providers. Indeed, the governance voting page for the proposal shows over 41 million votes in favor, against 2.5 million in opposition. The vote will end on Friday, Aug. 20 at 7:05 AM UTC+1. According to Dune, funding one single provider among several analytics platforms “makes no sense.” “There is no sense for @uniswap to fund @flipside’s daily operations wit...
Crypto.com partners with Italian football’s Lega Serie A
Digital asset exchange platform Crypto.com will be prominently featured in football matches during Italy’s Lega Serie A competition as part of a partnership with the league. In a Thursday announcement, Lega Serie A said Crypto.com was going to be presenting key broadcast moments for the Italian football competition “where technology enhances the match.” Specifically, the platform has formed a multi-year partnership to help present the series’ “goal of the month,” as well as broadcast moments using video playback to judge fouls and whether goals are legitimate. Crypto.com sponsored Lega Serie A in the Coppa Italia football cup in May, when it launched a nonfungible token, or NFT, offering for the event. The exchange said it planned to release more collections of NFTs as a result of the new ...
The Netherlands is latest to issue a warning against Binance
Binance has come under fire from regulators globally in recent months, and its troubles only seem to be increasing Leading crypto exchange Binance is facing numerous regulatory challenges despite the changes made to its business model in recent months. The list of regulators targeting the cryptocurrency exchange keeps growing, with the Dutch central bank now joining them. De Nederlandsche Bank (DNB) announced yesterday that Binance is offering services in the Netherlands without a licence. According to the central bank, Binance has not completed the necessary legal registration with the DNB. “This means Binance is not in compliance with the Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financieren van terrorisme – Wwft) and is illegally offerin...
$180M scheme launched to bring Aave and Curve to Avalanche
Users of the DeFi protocols will receive liquidity mining incentives in the form of AVAX as part of the Avalanche Rush initiative The Avalanche Foundation revealed yesterday that it was launching a $180 million liquidity mining incentive scheme called Avalanche Rush. The result of this programme will be the deployment on Avalanche of decentralised finance (DeFi) protocols Aave and Curve. The announcement is part of Avalanche’s mission to create a more accessible, scalable and cost-effective DeFi ecosystem. The news follows the launch of the Avalanche Bridge last month, which provides cross-chain interoperability. Ava Labs Co-founder, Emin Gün Sirer, said “Avalanche Rush will be a showcase for users to see the power of Avalanche, and dive into a vibrant community at the cutting edge of dece...
Tron defends price above $0.081, its first major support level
The cryptocurrency market’s correction continues, with Tron and other major cryptocurrencies all recording losses recently The cryptocurrency market has been in correction mode since the start of the week. Bitcoin touched $47,000 during the weekend but has been trading in the red zone since, and it is now below the $45,000 mark. Ether closed in on the $3,300 level during the weekend but has been trading just above $3,000 over the past few days. Thanks to the losses recorded across the board, the total cryptocurrency market cap now stands close to $1.9 trillion. Tron is currently down by 2.5% over the past 24 hours, losing its support level above $0.085000 yesterday. The bulls have been able to defend Tron’s major support level, but it is unclear if they can continue to do so if the current...
Ethereum’s rise to No.1 crypto ‘seems unstoppable’ says deVere Group CEO
The CEO and founder of one of the world’s largest independent financial advisory organizations, the deVere Group, has stated that Ethereum’s price appreciation should continue to beat Bitcoin’s in 2021. The deVere Group chief executive Nigel Green also believes that Ethereum’s value will exceed that of Bitcoin’s within a few short years. “Ethereum is outperforming Bitcoin and it can be expected to continue this trend for the rest of 2021,” he said. Ethereum has gained more than 300% so far this year whereas the world’s most popular digital asset is up 55% by comparison. “In fact, it has outperformed all other benchmark assets in the first half of this year,” added Green according to City AM. The respected analyst attributed two key factors to Ethereum’s stellar performance in 2021. E...
‘Coins’ doco series featuring some of the biggest names in crypto premieres today
A glossy looking documentary series centered on the history of money and cryptocurrency premiere on August 19th at 7:00 am UTC, and features interviews from a long list of top crypto figures. The 12 episode video series is somewhat confusingly called “Coins Podcast” and the first two episodes drop on YouTube today. The show is hosted by Patrick Mclain of blockchain accelerator Mousebelt, and narrated by actor Robert Davi, who has played roles in Die Hard, James Bond: License to Kill and Predator 2. The docu-series features interviews with crypto proponents and key figures in the sector such as FTX founder and CEO Sam Bankman-Fried, ShapeShift CEO Erik Vorhees, Cardano founder Charles Hoskinson, founder/CEO of Global Macro Investor Raoul Pal, and Celsius CEO Alex Mashinsky to name a f...
62% of Robinhood’s Q2 crypto revenue was from Dogecoin trading
Popular retail trading app, Robinhood, has revealed crypto trading surged in popularity on the platform and now represents 41% of its revenue. According to its second-quarter financial results published Aug. 18, the firm generated $233 million from crypto trading services for the quarter, up from $5 million for the entirety of 2020. More than 60% of funded Robinhood accounts traded digital assets during Q2 2021. With early 2021 witnessing the speculative dog-token trading frenzy, a whopping 62% of Robinhood’s crypto revenue was derived from Dogecoin trades. The earnings report is the first released by Robinhood since it became a public company. Vlad Teev, co-founder and CEO of Robinhood, stated: “We’re encouraged by the number of people who are accessing the financial system for the first ...
BREAKING: Liquid exchange hacked to the tune of $80 million
Japanese exchange Liquid has been hacked with about $80 million in digital assets moved off the platform. The exchange confirmed the security breach in a tweet that exposed the wallet addresses implicated in the breach. The following assets had been transferred to hacker’s following addresses (Further investigation to come):BTC: 1Fx1bhbCwp5LU2gHxfRNiSHi1QSHwZLf7qETH/EWT: 0x5578840aae68682a9779623fa9e8714802b59946TRX: TSpcue3bDfZNTP1CutrRrDxRPeEvWhuXbpXRP: rfapBqj7rUkGju7oHTwBwhEyXgwkEM4yby — Liquid Global Official (@Liquid_Global) August 19, 2021 Liquid has not yet confirmed exactly how much has been taken, but based on the related addresses, more than 107 BTC, 9,000,000 TRX, 11,000,000 XRP, and almost $60 million worth of ETH and ERC-20 tokens appear to have been taken by the hacker...
Quant, Arweave and Avalanche soar while Bitcoin searches for support
The cryptocurrency market once again entered a period of uncertainty on Aug. 18 as the price of Bitcoin (BTC) struggled to find momentum below $46,000 and large-cap altcoins pulled back slightly. Several projects did manage to buck the trend and post double-digit gains thanks to cross-chain integrations and protocol upgrades that excited their respective communities and provided traders with lower-fee Ethereum network alternatives. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets Pro Data from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24-hours were Quant (QNT), Arweave (AR) and Avalanche (AVAX). AR continues its hot streak Arweave’s AR token has been one of the top-performing coins over the past week, w...
Vienna Stock Exchange will list crypto ETPs from ETC Group
London-based financial services firm ETC Group will list its entire portfolio of crypto exchange-traded products (ETPs) offering exposure to Bitcoin (BTC), Ether (ETH) and Litecoin (LTC) on Austria’s national stock market. In a Wednesday announcement, the ETC Group said the Wiener Börse, or Vienna Stock Exchange, would be listing three of its crypto exchange-traded products that are “100% physically backed and central counterparty cleared.” These include the firm’s carbon-neutral Bitcoin product, a Litecoin-based product and its Ether ETP. The ETC Group has already made similar listings on stock exchanges in London, Paris, Amsterdam, Zurich and Frankfurt. The ETPs are aimed at allowing investors exposure to crypto with the regulatory protections afforded to traditional ...
