PayPal Gets “Conditional” BitLicense, Will Work with Paxos TrustNew York has always been strict when it comes to bitcoin and cryptocurrency, but now that PayPal has entered the crypto fray, it looks like the company’s position in the Big Apple just got a whole lot easier. PayPal Is Asserting Itself in New York It has been announced that PayPal has been given what’s...…
PayPal Aims to Buy Bit Go, a California-Based Crypto ExchangeNow that PayPal has permitted the buying and selling of bitcoin and other forms of crypto on its site, it would appear the company fancies itself the ultimate crypto platform, and apparently, it’s looking to expand its horizons with the potential purchase of exchanges like Bit Go. PayPal Has Its Sights Set on Bit Go...…
The Amount of BTC Grayscale Manages Just Got A Lot BiggerBitcoin’s price isn’t the only thing getting larger in the cryptocurrency space. According to reports, the institutional presence in the space is expanding as well. Grayscale Investments, a crypto management service that handles accounts primarily for institutional investors, recently announced that the digital assets it’s overseeing grew by a whopping $300 million in a single...…
Cardano (ADA) Price Analysis: Holding Support, But Facing Major HurdlesADA price declined below $0.1060, but it found support near $0.1000 against the US Dollar. The price is facing hurdles near $0.1055 and it is well below the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $0.1054 on the 4-hours chart (data feed via Kraken). The price...…
Ethereum Price Analysis: ETH Holding Important Support at $380Ethereum price started a downside correction from the $421 swing high against the US Dollar. ETH price is currently trading well above $380 and testing the 55 simple moving average (4-hours). There was a break below a major declining channel with support near $400 on the 4-hours chart (data feed from Coinbase). The pair is...…
Novogratz: BTC Is for Storing Value, Not for PaymentsMike Novogratz can be a hard man to read. As a billionaire investor and former ex-hedge fund manager, the man has had a lot of positive things to say about bitcoin, going so far as to compare the asset to gold. However, while he thinks very highly of bitcoin, he doesn’t see it being used...…
Is PayPal Bitcoin’s Best Hope Right Now?There are analysts out there that claim the PayPal-bitcoin relationship isn’t anything special. Now that they are more familiar with the fine print associated with the relationship, they are questioning just how far bitcoin can go with it. However, the sentiment also appears to be that even though the arrangement may not be perfect, PayPal...…
TA: Ethereum Hesitates But Further Gains Seem Likely Above $2K NewEthereum gained pace and cleared the $2,000 resistance against the US Dollar. ETH is consolidating and might rise further towards the $2,120 resistance. Ethereum extended its increase above the $1,920 resistance zone. The price is now trading above $1,950 and the 100 hourly simple moving average. There was a break above a short-term bearish trend…
TA: Bitcoin Price Aims Higher, Why BTC Could Surge Past $25K NewBitcoin is gaining bullish momentum above $24,500 against the US Dollar. BTC could gain bullish momentum if it clears the $25,000 resistance zone. Bitcoin started a fresh increase above the $24,200 resistance zone. The price is now trading above the $24,000 level and the 100 hourly simple moving average. There is a key bullish trend…
Quant Explains How Bitcoin NUPL Cycles Are Getting Less Volatile With Time NewBitcoin NUPL data suggests that the crypto’s cycles are getting less sharper with time as profit tops and loss bottoms aren’t following a horizontal line. Bitcoin NUPL Didn’t Exceed The 0.75 “Greed” Mark During This Cycle As explained by an analyst in a CryptoQuant post, the BTC profit and loss cycles shouldn’t be treated with…
Polygon Team Reports Apps On The Network Surge By 400% NewWhile the crypto market remains in its winter, some other sectors in the industry are experiencing a steady rise, one of the prominent examples of these sectors is the operational teams in the Polygon network. As of March this year, its total monthly active teams were around 8,000. However, recent data shows that the current…
Here’s A List of Trusted Non-GamStop Casinos In The UK NewThe idea of GamStop was borne out of the need to help people who have trouble controlling their gambling impulses. It has a self-exclusion policy that gamblers can sign into that prevents them from using registered casinos and gambling sites to aid in kicking the habit. However, when it comes to GamStop, the problem starts…
APECoin Retraces 2.5% In Last 7 Days – More Selloff In The Offing? NewApeCoin (APE) has been a high-performer with the price surge seen in the past couple of weeks. ApeCoin moving erratic in an ascending parallel channel. Price maintains to hold above the key support zone of $6.5. APE/USD pair gearing sideways spotted at 0.000286 Satoshis. The buying pressure has been impeccable pushing the prices way up.…
Polkadot (DOT) To Retest $9.88 Resistance – Can Bulls Regain Solid Footing?Polkadot (DOT) price reveals that the extreme bullish movement pumped the price reaching $9.54. DOT price extremely bullish; set to retest $9.88 key resistance level. Support spotted at the $9.29 zone. Polkadot pumped up its price to $9.54. DOT’s price trendline has spiked for the past couple of weeks following the coin’s overwhelming gains over…
GTON Capital: Ethereum Scaling, Multi-Collateralized Stable Coin & MoreGTON Capital is moving the blockchain industry forward with solutions for the Web3 era. The world of crypto is new, and the most popular blockchains, namely Bitcoin and Ethereum simply aren’t the right fit for global transactional currencies. Cryptocurrencies are more popular than ever, even with the mild crypto winter. There are many reasons why…
ETH Price Up As Merge Successfully Executed on Goerli TestnetNo more delays, only updates – Ethereum’s Merge is getting closer than ever. Goerli, Ethereum’s major testnet, has finally completed its move to a Proof-of-Stake. The deployment went smoothly and was carried out from Wednesday night through Thursday, August 12. This event marks an important step in the transition from Proof-of-Work to Proof-of-Stake. The countdown…
Beginner’s Guide to XM Broker: Complete ReviewXM is an online broker and trading website that allows clients to trade a range of assets. Founded in 2009, XM group provides traders with the full MetaTrader platform suite by MetaQuotes Software Corporation. XM Group has evolved into an online multi-asset broker offering 57 currency pairs and 1000 CFDs. Five CFDs on cryptocurrencies are…
Beginner’s Guide to ATFX Broker: Complete ReviewATFX is a broker offering the ability to trade a range of assets and aims to make their platform simple to use with support for the MetaTrader 4 software. ATFX prides itself on offering competitive pricing for clients. Trading with ATFX gives clients access to an FCA-regulated broker for trading CFDs and forex. The goal…
Beginner’s Guide to ForexTime FXTM: Complete ReviewForexTime is a forex broker geared to a range of skill levels which was founded back in 2011 by Andrey Dashin. ForexTime (FXTM) offers an solid trading platform based on MetaTrader 4 and 5 and offers a wide range of trading instruments including Forex, CFDs for Indices & Commodities, Spot Metals and Shares CFDs. ForexTime…
Beginner’s Guide to Vantage FX: Complete ReviewVantage FX is a leader among Australian Forex brokers and gives traders the ability to access the Forex markets, Cryptocurrencies, Indices, Commodities and Shares CFDs. The company has received consistent recognition as a secure, safe forex broker that provides highly transparent access to the markets. Vantage FX was founded back in 2009 with the founders…
EU’s MiCA Aims To Bring Greater Clarity To Crypto-Asset MarketGlobal regulators are taking a gradual approach to establish rules and standards for the cryptocurrency space. It looks like that order for transparency and clarity is the common direction of authorities, including the European Union (EU). During the Korean Blockchain Week 2022, Peter Kerstens, European Commission’s adviser, outlined the Markets in Crypto Assets (MiCA) bill…
Crypto Corner: The Sports Slice NewDapper Labs is taking sports NFTs up a notch with a new NFL team partnership, a Premier League football club is back under the radar from advertising regulators, and well-recognized Dallas Mavs owner Mark Cuban has his fair share of crypto controversy this week. Each weekend, we review sports and crypto crossover news from the…
NFTs In A Nutshell: A Weekly Review NewYour favorite kids shows are being reincarnated as NFTs, there’s a hot debate around zero-royalty NFTs, and OpenSea is once again making policy changes. While NFT volumes have slowed and stuttered, there’s still plenty of activity and action to review. That’s why we deliver you a bite-sized recap every weekend – keeping you up to…
Bitcoin Miners Continue Distribution, Bad Sign For The Rally? NewOn-chain shows Bitcoin miners have been in a phase of distribution recently, a sign that could prove to be bearish for the price of the crypto. Bitcoin Miner Reserve Observes Downtrend As Miners Look To Dump As pointed out by an analyst in a CryptoQuant post, the latest selling from BTC miners may force the…
Time to Buy Dogecoin? DOGE Price up 8% as Alternatives like Tamadoge also Rocket NewDogecoin closed out the week strong with an 8% pump on Sunday August 14th, up around 14% in total on its weekly candle. Heading into the latter half of the month the Dogecoin price is now up 60% from its lows – however Ethereum is up over 120% since crashing to $880, hitting just over…
LongHash Ventures Rolls Out Web3 Investment Fund Platform Worth $100M NewIn a new development, LongHash Ventures will launch a $100 million investment fund for the decentralized Web3. With more innovative products, projects, and applications, the crypto space is growing in leaps and bounds. Furthermore, blockchain technology has created more opportunities for extraordinary accomplishments in the industry and other sectors. Yet more advancements and developments are…
Blockchain Industry Workforce Grows 80% This Year, Study Shows NewBlockchain technology is one of the trendiest developments in business, finance, and numerous other industries. Following the surge in popularity of cryptocurrencies, their entry to the public has produced new investment strategies and opportunities. There has been a surge in the number of people who have found employment in this burgeoning technological sector as a result…
India’s Federal Agency ED Froze Crypto Exchange Vauld’s Assets Worth $46 MillionIndia’s Enforcement Directorate (ED) froze assets amounting to $46 Million belonging to Vauld which is a cryptocurrency exchange. In Vauld’s press release, the company stated that it disagreed with the claims made by ED on Vauld’s KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures. These assets seized by the ED were found stored in…
EU Parliament’s Rapporteur on MiCA Crypto Law Stefan Berger Sells Pair of Slides as NFT New“Freedom in a wallet” is how Member of European Parliament Stefan Berger describes the non-fungible token (NFT) he is now selling on Opensea. The NFT represents a pair of ‘Bergoletten’ slides. Shoes symbolize the first step in every development, says Berger who invested efforts in making sure Europe’s upcoming crypto legislation gets the backing of…
Skybridge Expects Bitcoin to Reach $300K in 6 Years — ‘You Are Going to See a Lot More Commercial Activities’ NewSkybridge Capital is “pretty optimistic” about bitcoin and ethereum over the next 12 to 24 months. The global asset management firm’s founder explained that the world’s largest cryptocurrency could reach $300K in six years, urging investors to “just relax” and “stay long-term.” Skybridge Optimistic About Bitcoin and Ethereum Anthony Scaramucci, founder and managing partner at…
PoW Miners Rake in Profits Mining ETH Until the End, Ethash Networks Expect a Boost, JPMorgan Strategists Say ETC Could Benefit NewIn just over a month’s time, The Merge is likely to be implemented on the Ethereum blockchain and the network’s proof-of-work (PoW) miners will be forced to mine another coin. So far, it seems ethereum miners are sticking with the PoW Ethereum chain until the very end as profits have increased. While Ethereum will change…
Another Stablecoin Depegs From USD Parity, Polkadot-Based AUSD Loses 98% in Value New2022 has been the year of broken stablecoins as a myriad of dollar-pegged crypto assets depegged from their dollar value this year. On August 14, the Polkadot-based stablecoin alpaca usd (AUSD) dropped below a U.S. penny in value, only to bounce back to the $0.95 region hours later. Reports say that the Acala protocol was…
Weekly NFT Sales Show Improvement, Fantom and Immutable X NFT Volume Spikes NewNon-fungible token (NFT) sales managed to climb higher during the last seven days than the previous week’s overall sales. This week’s NFT sales managed to jump over 6.3% after recording more than $153 million in sales compared to last week’s $144 million. Non-Fungible Token Sales This Week Climb More Than 6% Higher, 2 NFT Collections…
Brazilian Crypto Investment Platform Bluebenx Stops Withdrawals Under Hack Allegations NewBluebenx, a Brazil-based cryptocurrency investment platform, suspended withdrawals last week due to an alleged hack that made the company lose more than $31 million. The company announced that the withdrawals would be stopped for at least six months. The company has been investigated by the Brazilian Securities and Values Commission (CVM) in January. Bluebenx Stops…
Proposed Ethereum PoW Fork Token Loses Half Its Market Value in Less Than 6 Days NewIn 32 days, Ethereum is expected to upgrade from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) system after the network used PoW for seven years. While the testnets have implemented the new rules, most people envision a relatively smooth mainnet transition. However, another chain is expected to fork away from the Ethereum branch…
Scaramucci highlights key factors why crypto market will soon recover NewAnthony Scaramucci cited the Merge, improving macro indicators such as waning inflation, key business partnerships and pumping crypto prices as reasons for his optimism moving forward.
Network and token freeze after Acala exploit raises questions NewThe Acala hack saw over a billion aUSD stablecoins minted from thin air, but now community members are scratching their heads wondering how a decentralized protocol would handle the clean up.
Kevin O’Leary says sacrificing Tornado Cash worth it for institutional adoption NewMr. Wonderful thinks that crypto needs more regulation and less “crypto cowboys” like Tornado Cash creator Alexey Pertsev, who he suggested was a necessary sacrifice to create stability for institutional inflows.
Shiba Inu eyes 50% rally as SHIB price enters 'cup-and-handle' breakout mode NewThe Shiba Inu breakout appears almost ten days after SHIB's addition to Binance Card.
Top 5 cryptocurrencies to watch this week: BTC, ADA, UNI, LINK, CHZ NewBitcoin price is targeting $25,000 and holding this level could trigger breakouts in ADA, UNI, LINK and CHZ.
AML and KYC: A catalyst for mainstream crypto adoption NewOne of the quickest ways to ensure crypto’s mainstream adoption is by working with the regulators, which includes implementing effective and investor-centric KYC and AML tools.
Bitcoin hits $25K as bearish voices call BTC price ‘double top’ NewA casual dash over the $25,000 mark is fully retraced as weekend trading produces some classic volatility.
- TA: Ethereum Hesitates But Further Gains Seem Likely Above $2KEthereum gained pace and cleared the $2,000 resistance against the US Dollar. ETH is consolidating and might rise further towards the $2,120 resistance. Ethereum extended its increase above the $1,920 resistance zone. The price is now trading above $1,950 and the 100 hourly simple moving average. There was a break above a short-term bearish trend…
- EU Parliament’s Rapporteur on MiCA Crypto Law Stefan Berger Sells Pair of Slides as NFT“Freedom in a wallet” is how Member of European Parliament Stefan Berger describes the non-fungible token (NFT) he is now selling on Opensea. The NFT represents a pair of ‘Bergoletten’ slides. Shoes symbolize the first step in every development, says Berger who invested efforts in making sure Europe’s upcoming crypto legislation gets the backing of…
- Scaramucci highlights key factors why crypto market will soon recoverAnthony Scaramucci cited the Merge, improving macro indicators such as waning inflation, key business partnerships and pumping crypto prices as reasons for his optimism moving forward.
Understanding the CRO tokens and the difference between crypto.org and CRONOSKen Timsit, the Managing Director of CRONOS, the blockchain behind the CRO token, explains the difference between the two chains and the need for both. The post Understanding the CRO tokens and the difference between crypto.org and CRONOS appeared first on CryptoSlate.- TA: Bitcoin Price Aims Higher, Why BTC Could Surge Past $25KBitcoin is gaining bullish momentum above $24,500 against the US Dollar. BTC could gain bullish momentum if it clears the $25,000 resistance zone. Bitcoin started a fresh increase above the $24,200 resistance zone. The price is now trading above the $24,000 level and the 100 hourly simple moving average. There is a key bullish trend…
- Network and token freeze after Acala exploit raises questionsThe Acala hack saw over a billion aUSD stablecoins minted from thin air, but now community members are scratching their heads wondering how a decentralized protocol would handle the clean up.
- Kevin O’Leary says sacrificing Tornado Cash worth it for institutional adoptionMr. Wonderful thinks that crypto needs more regulation and less “crypto cowboys” like Tornado Cash creator Alexey Pertsev, who he suggested was a necessary sacrifice to create stability for institutional inflows.
Aave confirms TRM Labs API blocked “dusted” Ethereum wallets – access restored NewAave has confirmed that the ban list provided by TRM Labs included Ethereum wallets that had been “dusted” with 0.1 ETH through Tornado Cash. The post Aave confirms TRM Labs API blocked “dusted” Ethereum wallets – access restored appeared first on CryptoSlate.
Op-ed: How leveraging blockchain data can be a revolutionary act NewThe legitimacy of cryptocurrencies is under constant threat from bad actors. The post Op-ed: How leveraging blockchain data can be a revolutionary act appeared first on CryptoSlate.
Hacktivist group Anonymous promises to investigate BAYC NewA video from the Anonymous Group has surfaced on Twitter with the hacker group promising to investigate claims of the Bored Apes NFT collection ties with Nazi symbolism. The post Hacktivist group Anonymous promises to investigate BAYC appeared first on CryptoSlate.
Why this digital artist chose to build on Cosmos and what she expects from web3 NewCryptoSlate chatted with María from Women From Cosmos, a female artist-led collection of hand-drawn NFTs. The post Why this digital artist chose to build on Cosmos and what she expects from web3 appeared first on CryptoSlate.
Binance holds the most amount of Bitcoin on exchanges after roles have reversed with Coinbase NewExchange balance refers to the amount of Bitcoin sitting on exchanges, and it was following a downtrend since January 2022 for both Coinbase and Binance when suddenly Binance’s exchange balance took a turn and started to spike in May. The post Binance holds the most amount of Bitcoin on exchanges after roles have reversed with…
Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safeCryptoSlate spoke exclusively with a member of the Tornado Cash team who has been granted anonymity for their own protection and will be referred to as “TC Member” for the sake of this article. The post Tornado Cash DAO shuts down as it “can’t fight the US” and keep contributors safe appeared first on CryptoSlate.
Market Wrap: Bitcoin Surpasses $15.3K; Ether Up 210% in 2020The price of bitcoin popped to new 2020 highs while ether has performed more than two times better than BTC so far this year.
Square Reports $1B in Quarterly Bitcoin Revenue for First Time: Q3 Earnings"Cash App generated $1.63 billion of bitcoin revenue and $32 million of bitcoin gross profit during the third quarter of 2020."
Buggy Code in This Compound Finance Fork Just Froze $1M in Ethereum TokensSome $1 million in Ethereum tokens is locked in a new DeFi app after its developers made changes to the protocol’s contracts.
Visa’s Planned $5.3B Purchase of Fintech Firm Plaid Challenged by US DOJThe Justice Department alleges Visa’s acquisition of Plaid would eliminate competition in the online debit market, leading to higher prices.