UNI, AAVE, SUSHI Price Movement Analysis for 29th July, 2021
One of the most powerful applications of crypto-technology has been Decentralized Finance (DeFi). Unlike the larger crypto-ecosystem, this market is still in its infancy. However,...
Robinhood Stock Debuts at $38, Drops 9% Immediately Before Recovering
Robinhood stock is off to a shaky start. Robinhood, an online brokerage firm, debuted its stock early Thursday, only to see share prices plummet by...
Taxpayers can avoid obligations by depositing mining profits in IRAs.
Since 2014, the IRS has considered crypto mining revenue to be taxable income. Compass Mining, a North American mining and hosting company, is now offering...
Cryptocurrency Could Be a ‘Financial 9/11,’ According to a US Congressman
Rep. Ted Budd spoke about DeFi, cryptocurrency, and regulations on MakerDAO's Maker Speaker Series. In recent weeks, cryptocurrency has been the talk of Washington. Janet...
Bitcoin bulls have complete control. The expiration of $1.7 billion in monthly options on Friday
The bulls' advantage in this month's $1.7 billion options expiry has grown as Bitcoin has risen above $40,000 per coin. A total of 42,850 Bitcoin...
Mutual funds for Bitcoin Futures are available, but why not an ETF?
Institutions are developing products to meet the needs of their cryptocurrency clients. In fact, the most recent entrants into this space are two firms that...
According to the report, the crypto population has more than doubled to over 200 million users since January.
According to a new Crypto.com report, it only took four months for the crypto population to nearly double from 106 million in February to 203...
According to Mohamed El-Erian, Western nations require improved public-private collaboration on cryptocurrency.
The famous economist has warned that if Western nations continue to dismiss cryptocurrency, they risk losing out to China in the emerging digital economy. Mohamed...
Algorithmic stablecoins have the potential to reduce volatility — ShapeShift
“Stablecoin experimentation is happening in real time with billions of dollars at stake in this vast permissionless lab we call DeFi,” according to a new...
If the March 2020 chart fractal holds, the price of Ethereum could reach $14,000.
One trader discovered the fractal, which uses three traditional technical indicators to forecast an upward trend for Ethereum. Ether (ETH), Ethereum's native asset, is expected...
The IMF intends to ‘intensify’ its monitoring of digital currencies.
The fund's scope will broaden to include all aspects of digital currency, as well as collaboration with related financial institutions. The International Monetary Fund, or...
Greenidge Generation plans to build a solar farm with the proceeds from Bitcoin mining.
With the solar farm, the mining company hopes to create high-tech jobs for residents while also supporting local businesses. Greenidge Generation, a Bitcoin mining company,...
Russian Sberbank will use a Bitcoin inheritance tool on its cloud service.
A new project in Russia aims to secure the storage of inherited digital possessions such as Bitcoin through the use of a cloud-based service provided...
Bitcoin open interest resembles Q4 2020, as a new report is ‘cautiously optimistic’ about the BTC rally.
As resistance, $40,000 refuses to go quietly as an allusion to the start of this year's bullish progress. Data show that Bitcoin (BTC) futures open...
A record 57,500 BTC exited exchanges in a single day, reducing Bitcoin reserves to pre-crash levels.
57,000 BTC leave exchanges in a single day as demand returns, with Bitcoin nearing the top of its multi-month trading range. On Thursday, Bitcoin (BTC)...
Strategy for Bitcoin ProFund’s goal is to remove regulatory barriers for investors.
ProFunds, a mutual fund provider, aims to provide investors with crypto exposure without requiring them to purchase Bitcoin. The United States-based investment management firm ProFunds...
Cross-chain exchange based on Solana Saber raises $7.7 million to expand its team and tokens.
Saber raised $7.7 million in a seeding fund round and is ranked second on Solana in terms of total locked value, with $185.77 million. Saber,...
EY intends to use blockchain to simplify the cross-border withholding tax process.
EY anticipates that its new blockchain-based withholding tax solution will help lay the groundwork for the European Commission's withholding tax relief system. Ernst & Young...
Bitcoin hash rate recovers as major miners re-enter the market.
Due to restrictions in China, homegrown Bitcoin miners have been forced to relocate to crypto-friendly countries such as Canada, Kazakhstan, and the United States. Many...
The Israeli government wants to keep track of cryptocurrency holdings worth more than $61,000.
The new legislation, framed as a “war against black capital,” is expected to generate $9.2 million in additional state revenue through taxation, according to Israel's...
US–Japan digital trade deal should include crypto: American think tank
Analysts at the Rand Corporation say crypto as part of the bilateral digital trade could lay the groundwork for cryptocurrency adoption in international trade. Sale...
The European Union has allocated $30 million to a new blockchain and digital assets fund.
The European Investment Fund put $30 million into a new $120-million blockchain and digital assets fund, emphasising the sector's "strategic importance" for the European Union....
Nano seeks $700,000 in costs from the plaintiff who dropped the class action based on ‘absurd’ claims.
The ongoing Nano saga has taken another turn with the withdrawal of a token holder's case. This week, the developers of the crypto project Nano...
Erik Voorhees blasts Bitcoin maxis for their “disgusting” behaviour: “This is not the community I come from.”
Erik Voorhees is embarrassed by toxic Bitcoin maxis and stated on a podcast, "I don't know when they got into Bitcoin, but absolutely that is...
BlockCrushr has dropped its lawsuit accusing ConsenSys of stealing its intellectual property.
The case's conclusion, according to ConsenSys, emphasises "the importance of aggressively combating meritless claims." BlockCrushr, a Canadian blockchain startup, has agreed to drop an intellectual...
In California, there is a one-of-a-kind Bitcoin-backed home loan refinancing deal.
Glen Oaks Escrow has completed its first BTC-backed refinance of a San Diego property. Glen Oaks Escrow, one of Southern California's largest independent escrow companies,...
Genesis Digital Assets raises $125 million as the mining industry shifts westward.
Genesis intends to increase its hashing capacity from 2.6 EH/s to 8.1 EH/s. Genesis Digital Assets is the latest Bitcoin mining company to raise millions...
Massive government spending is hastening crypto adoption, according to Sen. Cynthia Lummis.
According to Senator Cynthia Lummis, inflation and massive government spending are hastening the adoption of digital assets. Cynthia Lummis, a Republican Senator and Bitcoin supporter,...