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“# Balancer (BAL) hits an all-time high as DeFi projects trial new solutions ” Decentralized finance (DeFi) was the driving force behind the growth in the cryptocurrency market in early 2021 but lately, the sector has taken a back seat to nonfungible tokens as famous artists and legacy auction houses have been jumping into the…
“# eToro’s CEO speculates on what’s driving the crypto bull market ” EToro’s CEO, Yoni Assia, thinks multiple factors are at play when it comes to the crypto market’s current bull run — among them, the economic situation in the U.S. amidst the ongoing COVID-19 pandemic. “I think there is a confluence of circumstances that’s…
“# Key Bitcoin price metric shows pro traders increased their BTC longs ” Bitcoin (BTC) might have been ranging from $57,000 to $59,500 over the last couple of days, but the top traders at major exchanges have increased their long positions. A similar move also happened in the monthly futures contracts, as the basis rate…
“# Germany’s financial regulator issues retail crypto investment warning ” Germany’s Federal Financial Supervisory Authority, or BaFin, has warned investors about the risks involved in cryptocurrency investments. In a consumer protection alert issued on its website on Friday, the regulator offered a cautionary tale about crypto involvement on the part of retail investors. As part…
“# Polkadot becomes latest to use Simplex’s fiat onramp ” Fiat-to-crypto onramp provider Simplex will now support Polkadot in its network of crypto exchanges, wallets, and brokers. In an announcement today, Simplex said its integration of Polkadot (DOT) would allow crypto users to purchase the token with a credit or debit card, Apple Pay, or…
“# Manchester City soccer club launches fan token with Socios ” Major English football club Manchester City is the latest sports club to launch its own blockchain-based token to power new tools for digital fan engagement. According to an official announcement Friday, Manchester City has partnered with fan engagement platform Socios.com to launch the CITY…
“# Robinhood targets expanded cryptocurrency trading business ” Robinhood CEO Vlad Tenev has said the company is working towards increasing its cryptocurrency trading service. In a fireside chat posted on the broker’s YouTube account on Thursday, Tenev discussed plans to upscale its workforce and add more crypto trading pairs. Detailing the ongoing plans, the Robinhood chief…
“# Supercycle may propel Bitcoin over $1 million, Kraken’s Dan Held says ” According to Dan Held, growth lead at Kraken, Bitcoin is currently experiencing a supercycle that could propel it all the way to $1 million. In Held’s view, this market cycle is fundamentally different from previous ones. “This is one in a hundred…
“# Bitcoin is now ‘too important to ignore’, Deutsche Bank says ” Bitcoin’s (BTC) market capitalization of $1 trillion and potential for continued growth have made the cryptocurrency “too important to ignore,” according to Deutsche Bank analysts. Deutsche Bank Research, the financial research subsidiary of global banking giant Deutsche Bank, issued a report devoted exclusively…
“# SBI Crypto’s Bitcoin mining pool goes public ” SBI Crypto, the mining subsidiary of Japanese financial conglomerate SBI Holdings, has opened its mining pool to the general public. As one of the fruits of a strategic partnership between SBI and the German tech firm Northern Data AG, the pool reportedly now ranks 11th globally,…