Latest Blockchain and Crypto News
Mike McGlone expects Bitcoin to skyrocket to $60,000
The bitcoin rate (BTC) on Saturday, July 24, rose to $ 33,700. Over the past 24 hours, cryptocurrency capitalization has added about 4% more and reached $ 634.33 billion. Bloomberg strategist Mike McGlone believes Bitcoin has a chance of a breakout. The likelihood of reaching the $ 60,000 mark is...
Binance Ends Crypto Margin Trading on EUR, GBP, and AUD
Widely used crypto exchange Binance terminates margin trading on the pound sterling, the euro, and the Australian dollar from August 10. As noted in the blog post released on July 26, Binance Margin will be settled in an automated way, annul orders, and remove pairs that include the above-mentioned...
FTX Changes Its Leverage Size, Making It 5 Times Lower
Major crypto exchange FTX cut its allowed leverage, making it 20X from 100X. By doing so, the company aims to reduce risks connected to trading. Through leverage, traders borrow funds to boost their position and receive income. So, for example, 100X leverage will raise a $500 BTC position to be as...
Salvadorans opposed recognition of BTC as a means of payment
In early summer, El Salvador's parliament made a landmark decision, backing the presidential bill to legalize bitcoin. However, society was ambiguous about the recognition of cryptocurrency as a legal tender. Many Salvadorans have taken to the streets to demand that the law be repealed. The...
BTC Price Surged Above $39.000 for the First Time in 6 Weeks
Bitcoin price gained over a 10% increase in the last 24 hours, surpassing $39.280. This is the first time since June 16 that the coin went above $39.000. In general, most cryptocurrencies are in green. The biggest altcoin, Ethereum, gained around 7% and trades at...
The digital yuan can be used to pay for electricity
Residents of several large Chinese cities will have access to the option to pay for electricity using the digital yuan. In test mode, such an opportunity will appear in Xi'an, Dalian, Beijing, Qingdao, Suzhou, Chengzhu, and Changsha. Test participants will be able to pay for electricity using a...
Binance US Is Planning an Initial Public Offering IPO
Binance CEO Changpeng Zhao (CZ) revealed that the company's U.S. branch may go public via an IPO. The announcement was made during an online conference REDeFiNE Tomorrow held on July 23. CZ also said that the major crypto exchange Coinbase helped to form a "playbook" for crypto firms...
DOGE turns out to be the most scoring of the largest cryptos
Elon Musk's favorite coin Dogecoin (DOGE) has achieved the best results in the ranking of the largest digital currencies. In the second quarter, it soared in price by 366%. In early May, DOGE reached $ 0.74 on some trading floors. However, by the end of the quarter, the coin had lost about 77% in...
Amazon in Search of Digital Currency and Blockchain Expert
U.S. e-commerce focused IT giant Amazon is hiring a digital currency and blockchain product lead. As stated in the job announcement, the specialist will be a part of the payments proceedings team. The new teammate will own the vision and strategy for blockchain-based product strategy and its...
Goldman Sachs noted interest of wealthy clients in cryptos
The so-called family offices, that is, companies that manage the capital of wealthy families, are eyeing the cryptocurrency market. One of the largest investment banks, Goldman Sachs, came to this conclusion. He interviewed his clients who run the family business. According to the results of the...
THORchain Suffers an $8 M Attack By a White Hat
Decentralized liquidity protocol THORchain became the target of cybercriminals. For the third time in the course of a month, the protocol was attacked. As the team informs via Twitter the hack that took place on July 23, was a white hack, where the attacker willingly caused less damage. THORchain...
Coinbase Commerce adds DOGE to supported cryptocurrencies
The e-commerce platform Coinbase Commerce, a division of the crypto exchange of the same name, announced the inclusion of the Dogecoin meme coin in the list of supported digital assets. According to the official statement of the platform management, the Dogecoin project cryptocurrency has become...
Axie Infinity (AXS) Reached a New All-Time High of Over $32
Gaining over a 37% increase over the previous 7 days, the native token of the blockchain-based gaming platform Axie Infinity, AXS reached a new high of over $32. In 2021, the token's price has gone up by around 5.000%. Currently, AXS ranks 48 by market cap which stands at over $1.8 B. Founded in...
Busta Rhymes Buys BTC After "The B Word" Conference
American rapper, songwriter Busta Rhymes or Trevor George Smith Jr., announced holding Bitcoin and eyeing for Ether next. The celebrity announced being inspired by the live discussion by Twitter CEO Jack Dorsey, Space X CEO Elon Musk, and ARK Invest's CEO Cathie Wood in terms of "The B...
SEC head compares stablecoins to securities
The US authorities have decided to expedite the legalization of secured digital currencies. The Ministry of Finance has created an expert group that will develop a regulatory framework for stablecoins. The head of the SEC, Gary Gensler, did not stand aside and commented on the position of American...
JP Morgan Made Crypto Funds Available for Its Clients
Wealth managers of one of the US largest banks, JP Morgan now are authorized to provide their customers access to crypto, reports Business Insider. Thus, the establishment became the first of the largest banks in the US to do so. The five crypto products that JP Morgan's consultants can operate...
NatWest banned customers from crypto exchanges using cards
NatWest announced the temporary suspension of the function for exchanging digital assets with the Binance exchange. The largest commercial bank in the UK mentioned in a statement that its decision is temporary. The reason for such drastic innovations was the uncertainty in the regulation of...
Bitstamp announces Tether EURt stablecoin listing
The oldest European cryptocurrency exchange Bitstamp opened deposits for the EURt stablecoin from Tether secured in euros 1: 1 amid great customer demand. The exchange will add EURt / EUR and EURt / USD to the listing. “Access to EURt will save customers in the euro area time and money without...
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