Category Archive: Cryptocurrency, No picture
Bitcoin Could Crash Further, Says JP Morgan
Key Takeaways A JP Morgan analyst says that Bitcoin’s fair value is between $24,000 and $36,000 following the recent market correction and cooling interest in the asset. The note says that rising volatility is to blame for the recent loss of interest from institutions. JP Morgan will soon join the likes of Morgan Stanley and […]
Coinbase Visa Debit Card Adds Apple Pay, Google Pay
This news was brought to you by Phemex, our preferred Derivatives Partner. Coinbase is linking its debit card with Apple Pay and Google Pay. Coinbase Unveils Debit Card Update Coinbase has integrated Apple Pay and Google Pay into its debit card, the exchange announced Tuesday. In a Tuesday blog post announcing the update, Coinbase wrote […]
Panther Protocol Raises $8M for DeFi Privacy Solution
Key Takeaways Panther Protocol has raised over $8 million from over 140 investors for its privacy-focused DeFi solution. The protocol will allow users to mint 1:1 collateralized privacy-preserving synthetic assets. Leveraging zk-SNARKs, such assets obfuscate all the information involved in an on-chain trade. This news was brought to you by ANKR, our preferred DeFi Partner. […]
Central Bank Governor Says Crypto Regulation is Likely
Key Takeaways The Governor of Sweden’s central bank says that cryptocurrencies are now “big enough” to be regulated. Many central bank officials around the world have recently aired concerns over the growth of Bitcoin and other digital assets. The U.S. also appears to be looking into crypto regulation and the potential launch of its own […]
Mt. Gox Victims Prepare to Vote on Rehabilitation Plan
Key Takeaways The trustee of the bankrupt Bitcoin exchange Mt. Gox has initiated the voting process on the latest rehabilitation plan. At least 50% of the vote holders must agree to pass the vote. The voting process will end on Oct. 8, 2021, after which Tokyo District Court will ratify the result to begin making […]
India Says Banks Cannot Restrict Crypto Transactions
India’s central bank, the Reserve Bank of India (RBI), has resolved confusion around a letter that was sent to bank account holders. Indian Central Bank Clarifies Policy On Friday, two of the largest banks in India, HDFC and SBI, sent notices to account holders which warned that cryptocurrency transactions “aren’t permitted as per RBI guidelines.” […]
Goldman Sachs Says Crypto Could Power Data Economy
Key Takeaways Goldman Sachs has published a report discussing crypto’s potential as an institutional asset class. Researchers argued that the value of a blockchain depends on the information stored on it, claiming that Ethereum could become the number one chain in the future. The report also discussed the importance of decentralization for the future of […]
Ethereum DEX Aggregator 0x Launches on Polygon
Key Takeaways 0x will let developers source liquidity from a variety of Polygon-based DEXs in one single interface. The major liquidity sources leveraged by the API include QuickSwap, SushiSwap, ComethSwap, Curve, Dodo, mStable, and Dfyn. 0x joins a growing list of leading DeFi projects that have expanded to Polygon. This news was brought to you by […]
Bitcoin Closing in on Biggest Monthly Dip Since 2011
Key Takeaways Bitcoin looks set to close its biggest monthly dip since 2011. It suffered its worst drop since Mar. 2020 during a market-wide crash earlier this month. Despite the crash, 74% of the BTC supply and 94% of the ETH supply is in profit. The market looks uncertain over whether the negative trend will […]
Bitcoin Will Survive Energy Debates, Green Miner Says
Key Takeaways Bitcoin will survive despite the recent criticisms surrounding the network’s environmental impact, Iris Energy Pty says. The cryptocurrency space has been the subject of debate in recent weeks after Tesla halted Bitcoin payments, citing environmental concerns. Bitcoin’s price has plummeted this month, which could be an indicator that institutional investors are losing interest […]
