Category: News

Bitcoin fails to flip $40K with traders eyeing $36K or lower for support

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Bitcoin (BTC) saw tough resistance after nearing $41,000 on July 28 amid calls for consolidation of recent gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $40,000 yet to stick as new support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD pulling back below the $40,000 mark as Wednesday progressed.  The pair had begun with a fresh surge which took it towards heavy range resistance but ultimately lacked the momentum to change its existing paradigm. At the time of writing, Bitcoin focused on $39,500, having dipped to lows of $39,300.…

US Senator Says Cryptocurrencies Put Americans’ Hard-Earned Money at Risk – Regulation Bitcoin News

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U.S. Senator Sherrod Brown says cryptocurrencies are not real dollars and they “put Americans’ hard-earned money at risk.” Referring to decentralized finance (defi) as “a shady, diffuse network of online funny money,” he said, “if we want a solution to Americans’ legitimate fears about our banking system, shady start-ups are not the answer.” Senator Brown’s Warning About Cryptocurrencies U.S. Senator Sherrod Brown, Chairman of the U.S. Senate Committee on Banking, Housing, and Urban Affairs, raised concerns about cryptocurrency in his opening statement at Tuesday’s hearing titled “Cryptocurrencies: What are they…

Ether (ETH) Trading Volume Growth Dwarfed Bitcoin’s (BTC) in the First Half of 2021

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Coinbase researchers have revealed in the exchange’s H1 2021 in Review report released on July 26, that the first half of 2021 was one of the most active periods for the global crypto markets, with ether (ETH)  taking the shine out of bitcoin (BTC) in terms of trading volume growth. Another Great Year for Crypto   As of March 2020, when the price of bitcoin (BTC) revisited the $3k region, even the most die-hard crypto enthusiasts would not have believed that the flagship crypto would make a strong comeback and even…

Relief Fund Has a Difficult Time Cashing Out the $1B Worth of SHIB Vitalik Buterin Donated – Bitcoin News

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In mid-May, the co-founder of Ethereum, Vitalik Buterin, donated $1 billion worth of shiba inu (SHIB) tokens to India’s Crypto Covid Relief Fund (CCRF). Close to three months later, the CCRF organizers say they have been having issues cashing out the SHIB tokens and so far, only $20 million has been paid out. It’s Not Easy Cashing Out SHIB Tokens Roughly two months ago, Vitalik Buterin decided to donate $1 billion worth of shiba inu (SHIB) tokens to India’s Crypto Covid Relief Fund (CCRF). Following the donation, CCRF thanked Buterin…

Dvision Network Bringing a New NFT Experience on Enjin Blockchain Network – Sponsored Bitcoin News

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Dvision Network has emerged as one of the fastest-growing NFT and blockchain gaming protocols in recent months. The blockchain protocol has made significant progress since its inception and continues to create new milestones. The latest is a partnership with the leading NFT ecosystem provider and creator of the ERC-1155 token standard Enjin. Enjin is a significant stakeholder in the NFT sector and has played a crucial role in developing blockchain-based gaming, metaverses, and NFT projects. Dvision migrates to Enjin blockchain Dvision has migrated to the Enjin blockchain and will now…

Digital currency may be an answer to help the unbanked, Sen. Warren says

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Senator and former United States presidential candidate Elizabeth Warren believes that the digital asset industry may be a tool to tackle some challenges in the traditional financial system. A known skeptic of cryptocurrencies like Bitcoin (BTC), Warren appeared to have softened her stance on the crypto industry in a CNBC Squawk Box interview on Wednesday, stating that digital currencies could be an instrument to bank the unbanked: “There has been an enormous failure by the big banks to reach consumers all across the country. Digital currency and central bank digital…

Bitcoin.com Founder Roger Ver Donates 1000 Laptops, Copies of Economics in One Lesson, to Students in Antigua

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28th July 2021, St Kitts & Nevis – Bitcoin.com Founder Roger Ver announced today he has made a donation of 1,000 ASUS laptops and 1,000 copies of Henry Hazlitt’s Economics in One Lesson to support the education of students in Antigua. The computers were purchased with Bitcoin Cash through BitoPro, Taiwan’s largest cryptocurrency service provider, and each student who reads the Foundation for Economic Education’s copy of Economics in One Lesson (paid for in Bitcoin Cash) will earn $100 USD in Bitcoin Cash that they can hold as an investment,…

Crypto unicorn Amber Group launches NFT creator studio with TR Lab

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Crypto-finance unicorn Amber Group has partnered with TR Lab to launch a new initiative to help creators access the booming NFT market, highlighting once again the rapid uptake of digital collectibles in various industries.  The CreatorFi initiative was unveiled Wednesday as a new platform to help NFT creators go to market faster. This includes receiving infrastructure setup support, including minting, custody and platform penetration testing, directly from Amber Group. CreatorFi leverages is said to leverage the expertise of Amber Group and TR Labs to provide users with customizable, end-to-end services…

Multi-chain infrastructure network Biconomy concludes $9M investment round

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Biconomy, a multi-chain infrastructure network for decentralized applications, has concluded a $9 million private funding round that was co-led by venture firms DACM and Mechanism Capital. Ahmed Al-Balaghi, CEO of Biconomy, said his protocol has been designed to address some of the biggest challenges with Web 3.0 transactions, such as gas fees, Ether-only payments and fragmented layer-2 solutions. He explained: “If we are able to solve even a fraction of those challenges, we believe we will be able to onboard the next billion users into the DeFi and broader web3.0…

Only $20M of Buterin $1B Shib Donation Cashed Out

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The fund manager in charge of receiving the SHIB donations from Vitalik Buterin for COVID-19 relief in India has revealed bottlenecks to the process. Although Ethereum (ETH) co-founder Vitalik Buterin donated $1 billion in SHIB tokens to a COVID-19 relief fund in India, recipients and distributors have received only about $20 million. The founder of the receiving fund, Sandeep Nailwal, recently spoke to reporters about the problem. Nailwal, who is also the Polygon (former Matic) co-founder, said that the problem is a genuine carefulness to ensure that the funds reach…