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“# Enjin’s EFI token sale nets $20 million as NFT aspirations grow ” A public sale of EFI token on CoinList netted Enjin $20 million in proceeds, setting the stage for a successful launch of a nonfungible token, or NFT, network on Polkadot. A total of 40,089 users participated in the token sale, which closed…
“# Bulls and bears fight over $34K Bitcoin price as $445M options expiry looms ” Bitcoin (BTC) has been ranging from $30,400 to 36,400 for the last 12 days, and it has been difficult to pinpoint the exact reason for investors’ lack of appetite. Some analysts have pointed to the Grayscale Bitcoin Trust (GBTC) unlocking in…
“# $30B ADA now staked as Alonzo smart contract excitement builds ” More than $30 billion worth of Cardano’s ADA has been staked in anticipation of a major milestone in the network’s evolution — one that could set the stage for wider network adoption and a more considerable price appreciation for the cryptocurrency. Roughly 71.7%…
“# Study names United States ‘most crypto-ready’ country ” Despite not having a clear regulatory framework on cryptocurrencies, the United States has positioned itself as the “most crypto-ready” nation in the world based on several key metrics, such as Google searches, crypto ATM saturation and legislation. The 2021 Crypto-Ready Index, courtesy of research firm Crypto…
“# FinCEN lists cryptocurrencies as top AML and CFT priorities ” The United States’ Financial Crimes Enforcement Network will continue to closely follow the cryptocurrency industry as one of its top priorities for combating crimes like money laundering. FinCEN officially announced Thursday that “virtual currency considerations,” or operations involving cryptocurrencies like Bitcoin (BTC), will be…
“# Double-digit crypto gains and trading volume — what’s the connection? ” While the crypto markets are clearly led by the swings of Bitcoin and Ethereum, outliers are frequent — and identifying them is often what separates the average traders from the great ones. Compared to the gains-fest of the first few months of 2021,…
“# Balancer earmarks $10M for near-zero fees on Ethereum-compatible trades ” The adoption rate of a cryptocurrency is heavily dependent on its use cases in the real world. Balancer Protocol’s latest effort in this regard is the launch of support on the Layer-2 solution Polygon to reduce Ethereum gas costs. With this partnership, Balancer joins…
“# Kazakhstan to introduce new energy fees for crypto miners in 2022 ” As Kazakhstan becomes increasingly popular for cryptocurrency mining, the country’s president has signed a new law introducing an extra levy for crypto miners. President of the Republic of Kazakhstan Kassym-Jomart Tokayev recently signed last a new law that imposes an additional tax fee…
“# Here’s why pro traders expect further downside from Ethereum price ” Derivatives data shows that Ether (ETH) traders are feeling less bullish when compared to Bitcoin (BTC). Even though the altcoin captured a nearly 200% gain in the first half of 2021 versus Bitcoin’s modest 22% price increase, traders seem to be more affected…
“# 3 key areas traders are watching as Bitcoin’s monthly close occurs ” Bitcoin’s (BTC) whipsaw volatility has been on full display throughout June, leaving traders confused and in search of the latest technical indicator or major news announcement that might provide some hint at which way the price will move. As the month of June comes…