Category Archives: Crypto News

Goldman Sach’s new ‘DeFi’ ETF is anything but

Goldman Sachs has filed for a “DeFi” ETF that will track major stocks including Nokia, Google, and Fujitsu. The proposed fund, dubbed the Goldman Sachs Innovate DeFi and Blockchain Equity ETF, strives to track the Decentralized Finance and Blockchain Index from German financial indices provider, Solactive. The fund will invest at least 80% of its assets into securities, stocks, and depository receipts featured in the index. The filing asserts the index seeks to offer exposure to firms aligned with two key narratives: “the implementation of blockchain technology,” […]

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Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’

Bitcoin price sold off below $37,000 shortly after topping $40,500, leading analysts to caution that bears still have a few tricks up their sleeves. Bull market optimism returned to the cryptocurrency market on July 26 after Bitcoin (BTC) price rallied above the $40,000 level for the first time in over six weeks. Today’s rally to $40,581 was a continuation of the July 25 breakout which saw BTC price rocket to $48,110 at Binance af a short squeeze resulted in nearly $500 million in shorts being liquidated in […]

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IMF issues veiled warning against El Salvador’s Bitcoin law

Making any cryptocurrency a national currency “is an inadvisable shortcut” to more inclusive financial services, according to two IMF officials. The International Monetary Fund is warning that some of the consequences of a country adopting Bitcoin as a national currency “could be dire.” According to IMF marketing department financial counsellor and director Tobias Adrian and legal department general counsel and director Rhoda Weeks-Brown, a cryptocurrency like Bitcoin (BTC) may catch on in countries without stable inflation and exchange rates, and provide unbanked people with the means to […]

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Bitcoin hits $40K after a 6-week absence, but on-chain activity is ‘somewhat bearish’

BTC price is back above $40,000, but not every data point signals that a bullish impulse move is in the making. Bitcoin (BTC) touched $40,370 on July 26 as a solid day of gains saw the return of a major price milestone.  BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView BTC price daily gains near 20% Data from Cointelegraph Markets Pro and TradingView showed BTC/USD touching $40,400 before consolidating nearby later on Monday. The pair had held on to previous gains from the night before throughout the day, circling […]

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Price analysis 7/26: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, BCH, LTC

Traders are hopeful that Bitcoin’s bounce from $29,000 to $40,000 and the strong rally seen in altcoins is a signal that the bull market has resumed. Bitcoin (BTC) soared from $29,482.61 on July 21 to $40,000 today, its highest level since June 16. This sharp rebound shows a possible change in sentiment.  The bulls received a boost on Sunday, following the news from an anonymous source within Amazon proclaiming that the company is planning to accept Bitcoin payments by the end of 2021 and is exploring the […]

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DeFi tokens book double-digit gains after Bitcoin rallies above $39,000

AMP, XVS and RSR price saw strong breakouts after a short squeeze sent Bitcoin price within a hair of the $40,000 level. A renewed sense of optimism has returned to the cryptocurrency ecosystem on July 26 as Bitcoin’s (BTC) recovery above $38,900 has sparked a market-wide rally in the altcoins.  Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24 hours are Amp (AMP), Venus (XVS) and Reserve Rights (RSR). Top 7 coins with the highest 24-hour price change. Source: Cointelegraph […]

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How crypto can modernize the world of lending

Crypto lending offers powerful advantages when compared with the status quo, including more competitive interest rates and flexible terms. Lending has been around in some form for thousands of years — dating back to ancient civilizations where farmers would borrow seeds and use crops as repayment. The arrival of fiat currencies transformed the way economies were run back then. Indeed, you could argue that we’re seeing such a seismic shift now as cryptocurrencies become a larger and more influential part of the world’s financial ecosystem. When done […]

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Cleveland Cavaliers basketball team joins fan token platform Socios

“This is the start of an exciting partnership that we believe can eventually lead to greatly enhanced fan engagement for fans of the Cavaliers around the world,” said Socios and Chiliz CEO Alexandre Dreyfus. Socios, the blockchain-based platform which has tokenized many sports franchises worldwide, has partnered with the National Basketball Association’s Cleveland Cavaliers. In a Monday announcement from blockchain-based sports platform Chiliz, Socios said its logo will be prominently featured on Cavaliers’ team jerseys for the upcoming season, scheduled to begin later this year. The platform […]

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Crypto cowboys: Texas counties welcome Bitcoin miners with open arms

Bitcoin mining facilities are setting up shop in Texas, but not only for obvious reasons like wind and land opportunities. Here’s why the state is becoming popular. Texas, the second-largest state in the U.S. known for its southern hospitality, is embracing the droves of Bitcoin (BTC) miners that have recently flocked to the region. Following China’s crackdown on crypto mining that occurred in May, a number of Bitcoin mining companies have relocated to The Lone Star State to conduct business.  This shouldn’t come as a surprise, though. […]

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Here’s how much Musk and Saylor’s tweets influenced crypto prices in Q2

Elon Musk and Michael Saylor have emerged as two of the most influential names in crypto. A new sentiment-driven analysis from The TIE and eToro USA reveal the extent of their influence. Elon Musk and Michael Saylor played a significant role in shaping crypto investor sentiment during the second quarter, underscoring just how nascent digital asset investing remains when compared with other, more established markets.  Sentiment-driven analysis from The TIE and eToro USA reveals the extent to which Musk and Saylor impacted Bitcoin (BTC) values in the […]

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