Monthly Archives: July 2021

Bitcoin interoperability platform Interlay raises $3M in seed funding

Interlay’s mission is to bring its interBTC product to all major blockchains, including Polkadot, Ethereum and Cosmos, according to founder and CEO Alexei Zamyatin. Interlay, a Bitcoin (BTC) interoperability project that first launched on Polkadot, has concluded a $3 million seed round to further develop its flagship decentralized finance product, marking another important capital raise in the blockchain industry.  The funding will go towards supporting Interlay’s interBTC platform, which allows users to invest, earn and pay with Bitcoin on any blockchain. Originally commissioned for Polkadot, interBTC will […]

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On the fence: If this is a crypto bear market, how long can it last?

Is a bullish reversal incoming, or is crypto starting a bear market? It’s not clear where the markets will go, so let’s weigh the facts. It has now been three months since Bitcoin’s price peaked at an all-time high just shy of $65,000. For most of the last two months, Bitcoin (BTC) has been trading in the $30,000–$40,000 range, as much as 54% lower than its peak The downturn came at a time when many analysts were predicting exactly the opposite — a bull cycle set to […]

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Youtube Superstar KSI ‘JJ’ Says He Made Then Lost Millions Investing in Bitcoin

Youtube superstar and rapper KSI, also known as JJ, has shared that he made millions of pounds investing in bitcoin and “lost it all” when the market “crashed.” Nonetheless, he still believes that bitcoin is the future and “eventually you’re going to get a $100,000 bitcoin, a $500,000 bitcoin, and a $1 million bitcoin. It’s going to happen.” KSI Shares His Experience Investing in Bitcoin Famed rapper and popular Youtuber KSI shared his experience investing in bitcoin on the Private Parts podcast, published Thursday. KSI, whose real […]

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DeNations Hosts NFT Art Exhibition, Celebrating Genesis Block of the DeNations Art Chain

PRESS RELEASE. Defi and blockchain-powered Metaverse, DeNations launches NFT art minting platform, giving away free yield-bearing NFT art to NFT art collectors DeNations is a blockchain-powered metaverse platform based in Hong Kong that everyone can own nations, build cities/civilizations, and earn tokens. In DeNations, ownership of core assets is represented by Ethereum NFT (Non-Fungible Token). Players can register their NFTs at DeNations’ metaverse platform (http://play.denations.com), run their nations and earn token (DENA) profits. These NFTs are currently trading on OpenSea and DeNations was ranked 4th in terms […]

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How to get involved with crypto: The first step into blockchain industry

The crypto and blockchain industry has blossomed into a large sea of activity and development, divided into various niches. The cryptocurrency industry has grown immensely in the years since it began. Following Bitcoin’s (BTC) launch in 2009, an entire industry has sprung up and flourished around the innovative asset and its underlying blockchain technology. People have created thousands of crypto projects, numerous different blockchains and a number of different blockchain technological specifications and variants.  With such a deep and vast industry, how do you know where to […]

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German Bank Comdirect Now Offers 11 Cryptocurrency ETPs in Savings Plan

German bank Comdirect, with about three million customers, is now offering 11 cryptocurrency exchange-traded products (ETPs). “Comdirect has succeeded in significantly bridging crypto investments to retirement plans, something that our clients have longed for a while,” the bank said. German Bank Offering Crypto ETPs to Clients German direct bank Comdirect AG is now offering 11 cryptocurrency exchange-traded products (ETPs) from 21shares AG. The bank provides online brokerage, banking, and advisory services in Germany. Announcing that its exclusive partnership with Comdirect was effective Tuesday, 21shares detailed: In this […]

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Bybit Extends Its Reach With Spot Trade Offering

Adding to the exchange platform’s existing cryptocurrency derivatives products, Bybit will now offer spot cryptocurrency trading in four pairs, with additional pairs set to be rolled out in the near future. Bybit Adds Spot Trading The recent weakness in crypto prices and transaction volumes hasn’t stopped the industry’s exchanges from competing for order flow. Despite the lull, platforms are continuing to roll out new features and products as innovation abounds. The latest to introduce new offerings is Bybit, which has opened up trading in spot pairs. The […]

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A decentralized app store might lead crypto toward more centralization

On the inevitable journey into the mainstream, crypto might replace one gatekeeper with another. Are we ready for this sacrifice? The estimated windfall Apple got from its App Store in 2020 is $67 billion. That’s up from $50 billion in 2019, a 28% increase. Even as the company has lowered its commissions for smaller developers, the App Store remains a major component of Apple’s bottom-line profits. And it’s not just Apple taking a cut of developer revenue: On Android, the world’s most popular mobile operating system, the […]

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Report: Tweaks to South African Tax Filing System to Result in Decreased Crypto Arbitrage

Reports from South Africa suggest that tax authorities have plugged a loophole on the online tax filing system that enabled crypto arbitrage traders to make several purchases on overseas cryptocurrency platforms using just one approval. As a consequence of these tweaks, crypto arbitrage traders are now forced to make a new application each they need to place an order. In addition, this change also effectively rules out daily arbitrage trades. Loophole Plugged As the publication Moneyweb’s report explains, some South African crypto traders have been known to […]

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DOJ Tells FBI and Others: ‘Stop Signing Appreciation Notes for Binance’

The U.S. Department of Justice (DOJ) has requested federal agencies stop signing appreciation letters for Binance. The exchange used these letters as proof they are actively helping these agencies in criminal probes. However, this behavior seems to have bothered agents of these state organizations, who argue the exchange is bound to cooperate with these investigations by law. DOJ, Says ‘No Thanks’ to Binance Binance, the leading cryptocurrency exchange, seems to have fallen from grace with U.S. government agencies. The exchange normally requested appreciation notes regarding its cooperation […]

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