Monthly Archives: July 2021

Altcoin bulls pile into Synthetix (SNX), Axie Infinity (AXS) and EOS

Data from Cointelegraph Markets Pro shows SNX, AXS and EOS as the strongest 24-hour gainers as the bullish momentum in DeFi and NFT tokens continues to build. Bitcoin’s (BTC) steady range-bound trading opened the door for select altcoins to rally higher as antsy traders scour the markets in search of profitable opportunities.  Data from Cointelegraph Markets Pro and TradingView shows that the top 3 movers over the past 24 hours are Synthetix (SNX), Axie Infinity (AXS) and EOS. Top performing assets over the last 24-hours. Source: Cointelegraph […]

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U.K.’s Longest-Running Bitcoin Exchange Tackles Bitcoin’s “Stressful Sign-up” Problem

U.K. exchange Coinfloor has taken away some of the frictions and pain points from first attempting to buy BTC. When signing up to an exchange to buy bitcoin, the process can be long and daunting, which may prevent new users from buying bitcoin. But Coinfloor has attempted to fix this problem with their app, according to a press release sent to Bitcoin Magazine. When exchanges require you to submit your personal documents and photographs to verify your identity, it can be a real pain. You often have […]

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Crypto world largely silent as little-known exchange announces plans to go public

The public offering announcement comes less than two months after Bullish launched with $10 billion in capitalization. One might assume that a firm with a name like “Bullish” would garner a lot of attention in announcing its intention to go public, especially given that the exchange is backed by blockchain software company Block.one. Until today however, it seems to have gone mostly unnoticed by participants in the crypto space. In a Friday announcement, Bullish said it would be going public on the New York Stock Exchange via […]

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Blockchain technology could be particularly beneficial for women, says WTO director general

The former foreign and finance minister of Nigeria said the G20 should be looking into blockchain solutions to close the gender gap. Ngozi Okonjo-Iweala, the director general of the World Trade Organization and former foreign and finance minister of Nigeria, said blockchain technology could help empower unbanked and underbanked women around the world. Cointelegraph editor-in-chief Kristina Cornèr addressed the G20 High Level Independent Panel on Financing the Global Commons for Pandemic Preparedness and Response today, asking regulators and lawmakers how blockchain technology could help promote financial inclusion […]

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As BTC and ETH Pursue Multilayer Schemes, Elon Musk Says ‘There’s Merit to Doge Maximizing the Base Layer’

The CEO of Tesla, Elon Musk, is a fan of base layers when it comes to blockchain technology and on Friday, Musk explained there’s “merit” to the Dogecoin chain “minimizing transaction cost.” Dogecoin developers are in the midst of preparing to update the Dogecoin network by gradually deploying the updates to the network “over multiple software releases.” Tesla’s Elon Musk Wholeheartedly Believes in Dogecoin’s Base Layer On Friday morning (EDT), top dogecoin (DOGE) Youtuber Matt Wallace tweeted about the fact that the Dogecoin upgrade was coming in […]

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Price analysis 7/9: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, BCH, SOL

Technical indicators and Bitcoin’s tightening price range suggest that a sharp, trend-changing breakout in BTC and altcoins is brewing. Earlier this week, Fan Yifei, the deputy governor of the People’s Bank of China has warned that stablecoins like Tether (USDT) pose “risks and challenges to the international monetary system, and payments and settlement system”. Fan did not even spare Bitcoin (BTC) and called it a tool for speculation and a possible threat to “financial security and social stability.”  Other than the FUD from China, several traders have been […]

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US Sentences Crypto Fraudster to 15 Years in Prison After Duping Thousands of Investors

A Swedish man has been sentenced to 15 years in prison in the U.S. for an investment fraud scheme involving cryptocurrency, including bitcoin. He defrauded thousands of victims of more than $16 million. The U.S. Department of Justice (DOJ) announced Thursday that a “cryptocurrency fraudster” has been sentenced to 15 years in prison “for securities fraud, wire fraud and money laundering charges that defrauded thousands of victims of more than $16 million.” Roger Nils-Jonas Karlsson, a 47-year-old Swedish man, was arrested in Thailand in June 2019. He […]

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Former NYSE President Helping Bitcoin Exchange Bullish Go Public

Bullish plans to go public in a reverse merger backed by former New York Stock Exchange president, Tom Farley. The former New York Stock Exchange president, Tom Farley’s, Far Peak Acquisition Corporation announced a deal today to bring the Bitcoin exchange Bullish public, according to CNBC. Tom Farley will be the CEO of the exchange when this is complete and the deal is expected to close by end of year. Farley was the president of NYSE for four years from 2014 2018. Far Peak Acquisition Corporation will […]

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UN commission serves new warning against BTC adoption in El Salvador

ECLAC executive secretary stressed that there is no study yet that would have investigated potential risks or benefits of El Salvador accepting BTC as legal tender. The Economic Commission for Latin America and the Caribbean, or ECLAC, a United Nations’ regional commission to encourage economic cooperation, is the latest regulator to raise concerns about El Salvador’s decision to accept Bitcoin (BTC) as legal tender. ECLAC executive secretary Alicia Bárcena has warned that El Salvador’s Bitcoin move poses a number of systemic risks as well as risks related […]

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BTC price regains $33k as Square confirms ‘mainstream’ Bitcoin wallet plans

Bitcoin rapidly recovers above $33,000 support as Jack Dorsey says Square will create a Bitcoin hardware wallet and custody service. Bitcoin (BTC) came back to life later on July 9 after a whale-induced price dip failed to hold the market down for much more than 24 hours. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin price action returns $33,000 support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD jumping 2% in an hour on Friday, hitting local highs of $33,700 on Bitstamp. The previous day had been […]

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