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SEC’s Classification of So-Called Crypto Securities Amounts to $98 Billion in Combined Value
19.7.2023
Throughout the last year, the U.S. Securities and Exchange Commission (SEC) has identified numerous crypto assets as securities in cases involving Binance, Bittrex, Coinbase, Terra’s Do Kwon, Tron’s Justin Sun, and several more. The aggregate worth of these prominent digital assets...
Bitcoin, Ethereum Technical Analysis: BTC Moves Below $30,000, Following Latest US Retail Sales Report
19.7.2023
Bitcoin slipped below the $30,000 mark on Wednesday, as markets continued to react to the latest U.S. retail sales report. Sales rose by 0.2% last month, which is more than the 0.5% sum many had forecasted. Ethereum has remained resilient, climbing back above $1,900. Bitcoin Bitcoin (BTC) slipped...
Celsius could repay all USD claims if Bitcoin, Ether prices rose by 2X: Simon Dixon
19.7.2023
Dixon called for creditors to fight to get out of the bankruptcy proceedings before BTC and ETH prices hit the estimated number to avoid another rug pull by the crypto lender
Nobel Laureate Paul Krugman Says US Dollar Dominance Won’t Last Forever but Doubts Chinese Yuan Can Replace USD
18.7.2023
Nobel Prize-winning economist Paul Krugman says the U.S. dollar’s dominance “won’t last forever.” While recognizing the global de-dollarization trend, he expressed skepticism about the Chinese yuan’s ability to replace the U.S. dollar as the world’s dominant...
Binance US Records Massive Discrepancies as USD Exchange Rates Plummet by 16% in July
17.7.2023
As of July 17, 2023, fresh data indicates a concerning rise in discrepancies between Binance US’ exchange rates and the global average. Initially, at a mere 2% to 5% in late June, the disparity sharply soared to an astonishing 16% by mid-July. Even though bitcoin lingered just above $30,000...
Sound acquires $94 million via Series A round
17.7.2023
Sixteen crypto startups collectively managed to acquire a total funding amount of $94 million, out of which Sound took its share of $20 million via a Series A funding round, the leader of which was a16z crypto. The other contributors were Palm Tree Crew, as well as Scalar Capital, Coinbase,...
Blackrock CEO Larry Fink Says Crypto Will ‘Transcend Any One Currency’ — Sees Broad-Based Global Interest
17.7.2023
Larry Fink, the CEO of the world’s largest asset manager, Blackrock, says crypto is so international that it will transcend any one currency. Regarding Blackrock’s bitcoin exchange-traded fund (ETF) filing with the U.S. Securities and Exchange Commission (SEC), the executive stressed: “We...
XRP Supporters Celebrate, Kiyosaki Says Dollar ‘Will Die,’ RFK Jr Holds Bitcoin, and More — Week in Review
16.7.2023
This past week has been a big one for Ripple supporters, who are now celebrating what they view as at least a partial win for the digital asset XRP in the legal battle against the U.S. Securities and Exchange Commission (SEC). In other news, Rich Dad Poor Dad author Robert Kiyosaki says the...
Robert Kiyosaki’s Warnings: Giant Crash Incoming, End of US Dollar Approaching
16.7.2023
Rich Dad Poor Dad author Robert Kiyosaki has warned that a giant crash is coming, emphasizing that the end of fiat money, including the U.S. dollar, is near. Noting that the USD “will die,” he urged investors to buy gold, silver, and bitcoin. His warnings came as the BRICS economic bloc...
A lucky Shiba Inu investor turns $17 into $1.5M in a year!
13.7.2023
With the crypto market on the rise, traders are gaining their portfolio value back. It became evident with one Shiba Inu investor turning 17 dollars into 1.5 million dollars. The investor achieved this feat in one year alone, thanks to SHIB’s significant hike. The data, released by Etherscan from...
Binance Labs pledges $15M for Xterio: Boosts AI & Web3 gaming
13.7.2023
Binance Labs, which is the venture capital wing of Binance, has pledged the amount of $15 million towards Xterio, a top Web3 game platform. The entity is also engaged in free-to-play and on-chain gaming. It is in the process of developing in-house as well as third-party games. The funding amount...
Economist Predicts End of US Dollar Dominance as More Countries De-Dollarize
13.7.2023
The chief economist at S&P Global has predicted that the U.S. dollar “will no longer be the dominant world currency.” Highlighting the diminishing influence of the USD, he pointed out that an increasing number of countries are de-dollarizing, noting that the Chinese yuan is growing...
Whales enter the arena as $10B floods in crypto – Cardano, Polygon, & InQubeta hint at bullish momentum
12.7.2023
The cryptocurrency market has recently witnessed a massive influx of capital, with an astonishing $10 billion pouring into the space. This surge in investment activity has attracted the attention of crypto enthusiasts and investors worldwide. As the market continues to evolve, certain...
Top Stablecoins See Steady Decline Over Past Month as Dollar-Pegged Token Economy Shrinks
12.7.2023
The top stablecoins have continued to see redemptions over the past 30 days as the dollar-pegged crypto economy currently hovers at $127.32 billion on July 12. The stablecoin BUSD’s supply has dropped below the 4 billion mark as the token’s number of coins in circulation has fallen...
Alluvial acquires $12M via series A funding round
12.7.2023
Alluvial, which is a company engaged in software development, successfully managed to acquire for itself the amount of $12 million through a series A funding round. They are also into backing high-level liquid staking protocol, Liquid Collective. The funding round witnessed the contribution of...
Robert Kiyosaki Warns US Dollar ‘Will Die’ Citing BRICS Nations’ Plan to Launch Gold-Backed Currency
12.7.2023
Rich Dad Poor Dad author Robert Kiyosaki has warned that the U.S. dollar will die. He expects the BRICS nations (Brazil, Russia, India, China, and South Africa) to launch a gold-backed currency that will kill the USD. The famous author further stressed that U.S. dollars will come flooding home...
Bitcoin, Ethereum Technical Analysis: ETH Over $1,900 as Greenback Weakens on Tuesday
11.7.2023
Ethereum moved briefly above the $1,900 level on Tuesday, as the U.S. dollar weakened versus several G7 currencies. The biggest fall came versus the British pound, with USD/GBP hitting a 15-month low. Bitcoin also rose higher, climbing past $31,000 earlier in the day. Bitcoin Bitcoin (BTC) moved...
$GHO likely to go live on Ethereum if Aave secures enough votes
11.7.2023
Aave has put forward a proposal that aims to launch the native stablecoin, $GHO, on the Ethereum mainnet. Needless to say, the proposal comes into force only if it secures the majority of the votes from Aave DAO. If it goes live, then it will be backed by two Facilitators, namely FlashMinter...
Binance US Arbitrage: Social Media Users Say BTC Discount Not Indication of an Opportunity
10.7.2023
For several days since Binance US announced the resumption of withdrawals, bitcoin (BTC) has changed hands at a discount and was trading at more than $2,500 below the prevailing market price on July 10. The emergence of a discount on crypto assets paired with USD on Binance US has fueled...
Bitcoin analysts believe BTC bull run will cool off, QUBE presale breaks $1M milestone
8.7.2023
The first half of the year was filled with excitement, ranging from the SEC judging some tokens as securities, the lawsuit against Binance and Coinbase for allegedly trading unregistered securities, and the frenzy around spot Bitcoin ETFs. Amidst this, Bitcoin has soared and has comfortably reached...