Category Archives: Crypto News

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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Ethereum eyes rally to $3K with 39% ETH price rebound triggering a classic bullish pattern

A falling wedge setup, as well as Amazon’s rumor to accept cryptos, also boosts Ether’s upside appeal. The price of Ether (ETH) jumped to a three-week high on July 26, triggered by similar gains in the Bitcoin (BTC) market that appeared in the wake of rumors about Amazon’s foray into the cryptocurrency sector. A job posting from the retail giant showed that it is seeking an executive to build its “digital currency and blockchain strategy.” Meanwhile, global media reports speculated based on inside sources that Amazon would […]

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Blockchain fail-safes in space: SpaceChain, Blockstream and Cryptosat

In the 1988 Crypto Anarchist Manifesto, engineer, author and cypherpunk Timothy C. May predicted a social and economic revolution enabled by technological developments, including high-speed networks, personal computers and satellites. Today, former Bitcoin core developer Jeff Garzik now with SpaceChain and others are making this vision a reality. Private crypto companies including SpaceChain, Blockstream, Cryptosat and others are rapidly launching satellites into orbit to offer blockchain validation, multisignature wallets and verifiable time-delay functions from space. As the cryptocurrency market continues its overall moonward trajectory, the stakes are […]

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Bitcoin ETF ‘not happening in 2021,’ says Wilshire Phoenix co-founder

The United States SEC may not approve a Bitcoin exchange-traded fund until 2023, according to a former BTC ETF expectant. William Cai, the co-founder of investment firm Wilshire Phoenix, is the latest person to cast doubts on the possibility of a Bitcoin (BTC) ETF approval in the United States in 2021. Speaking to Business Insider, Cai remarked that a Bitcoin ETF in 2021 is unlikely as he offered 2022 and 2023 as the earliest possible estimate for the Securities and Exchange Commission (SEC) to greenlight a BTC […]

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DeFi projects face a painful dilemma right now as they seek ‘the holy grail’

Many DeFi projects face a painful dilemma: Should their protocols be designed for professional traders, or everyday consumers yet to embrace crypto in their masses? Cryptocurrencies have garnered something of a reputation as being fast, dangerous and lethal for many — so much so that the average investor is scared of digital assets. The volatility that’s associated with this new asset class has also meant that gaining exposure to the world’s biggest coins has been likened to an experience that’s not for the faint-hearted — or, in […]

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Blockchain Australia calls the state for crypto safe harbor

The Australian crypto industry “cannot afford to wait years for regulatory clarity,” and consumers require confidence to access crypto services, the Australian blockchain association argued. Blockchain Australia, a major association representing the local cryptocurrency industry, has officially introduced its crypto regulation recommendations to the federal government. The association filed a submission to the Senate Select Committee on Australia as a Technology and Financial Centre last Friday, calling the government to provide a safe harbor for local crypto service providers. Pointing out a set of regulatory recommendations, Blockchain Australia […]

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Cryptocurrency ’is a pure trading instrument,’ hedge fund CEO says

Hedge funds are adopting crypto investments, but one asset manager says it is all a speculative play. Not all hedge fund managers are sold on crypto as Man Group CEO Luke Ellis has compared cryptocurrencies to tulip bulbs. Speaking to the Financial Times, Ellis remarked that the utility of crypto comes from its volatility, thus presenting the asset class as a viable trading opportunity. According to the CEO of the world’s largest publicly-traded hedge fund: “If you look at cryptocurrencies as a whole, it is a pure […]

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