3 reasons why Bitcoin price has not been able to rally back above $40K

Bitcoin bulls appear to be back, but a strengthening U.S. dollar, a new wave of COVID-19 infections and low trading volumes threaten the current recovery. The ongoing story for the past couple of months in the cryptocurrency market has been confusion on whether Bitcoin (BTC) is destined for another leg down or is finally ready to break out toward new highs. Bitcoin’s price history and data from previous corrections suggest that the current struggles for the top cryptocurrency could persist for a little bit longer due to the strengthening dollar,…

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A Safer Landscape

The world has changed massively over the past couple of decades as the internet has taken hold and made everyone so connected. Gambling companies were some of the first to truly embrace the internet and to start offering leading casino games to players over the internet. In order to try to keep up with the development of online gambling, the likes of the UK Gambling Commission have to constantly stay up to date with the latest trends in an effort to protect gamblers as much as possible. As there has…

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Just HODL! Bitcoin and Ethereum outperform ‘lower risk’ crypto index funds

Data from Delphi Digital shows holding BTC and ETH was more profitable than investing in weighted average market cap crypto and DeFi index funds. In the past two decades, index and exchange-traded funds (ETF) have become some of the most popular forms of investing because they offer investors a passive way to gain exposure to a basket of stocks as opposed to investing in individual stocks which increases risk of loss.  Since 2018, this trend has extended to the crypto sector and products like the Bitwise 10 Large Cap Crypto…

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Wonders of Cryptocurrency

Cryptocurrency is a type of digital file that functions as real money to be used to buy goods and services and trade them for profit. It uses an online ledger for the protection of online transactions. Cryptography which means “the science of hiding information” are the same files that were used to create a cryptocurrency. Decentralized Control is being used by cryptocurrency which means that the fiat money in the said account is not controlled by one person nor the government but it works through a distributed ledger-. a list…

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Possible ‘white hat hacker’ exploits THORchain for $8M, proposes 10% bounty

The white-hat hacker claims to have mercifully minimized the damage of their $8 million exploit in a bid to teach THORChain a lesson. Cross-chain decentralized exchange THORChain has suffered its second multi-million-dollar hack in as many weeks, with $8 million worth of Ether impacted. However, the attack appears to have been carried out by a white-hat hacker, with THORChain announcing the perpetrator had requested a 10% bounty. ETH will be halted until the code has been audited. Liquidity providers impacted by the exploit will be subsidized using the project’s treasury…

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Bitcoin Is No Longer for Millennials Only

For too long the world of Bitcoin has belonged to millennials. PEGA Mining is one firm on a mission to change things for the better. Have you ever thought about buying Bitcoin of your own? Have you ever looked at those millionaire millennials who made their money from cryptocurrency, and felt a pang of jealousy deep down inside? If so, then this article is for you. PEGA Mining is making huge waves in the cryptocurrency sector. Their innovative approach to widening the market and creating a level playing field for…

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Tether promises an audit in ‘months’ as Paxos claims USDT is not a real stablecoin

Tether’s general counsel said a full audit is coming in months. There will be an official audit of the world’s most popular stablecoin Tether within months according to the project’s general counsel. An audit for the world’s third-largest digital asset has been awaited for several years and increased regulatory pressure appears to have accelerated the process. In a rare mainstream media interview on CNBC, Tether CTO Paolo Ardoino and general counsel Stu Hoegner were asked some pressing questions on the subject of USDT’s backing and transparency. Hoegner responded to the…

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MakerDAO to dissolve Foundation and become truly decentralized again

MakerDAO plans to complete its roadmap to decentralized governance with the dissolution of its foundation in the coming months. Pioneering decentralized finance protocol, MakerDAO, has announced its foundation will formally dissolve in the coming months, marking one of the final milestones in the protocol’s roadmap to decentralized governance. A July 20 blog post describes Maker’s decentralized autonomous organization, or DAO, as now being “fully self-sufficient” — with its globally distributed community “now responsible for every aspect of the Maker protocol.” “Complete decentralization of Maker means that future development and operation…

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Treasury secretary Yellen urges lawmakers to quickly introduce stablecoin guidelines

The President’s Working Group on Financial Markets expects to deliver regulatory recommendations for stablecoins in the coming months. United States Treasury Secretary Janet Yellen has told financial regulators that the government must act quickly to establish a regulatory framework for stablecoins. The comments came at Monday’s meeting of the President’s Working Group on Financial Markets. The group discussed the rapid growth of stablecoins, revealing plans to issue regulatory recommendations in the coming months, according to Reuters. The group also deliberated on stablecoins as a means of payment, possible risks to…

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Top 5 cryptocurrencies to watch this week: BTC, MATIC, THETA, CRO, LEO

MATIC, THETA, CRO and LEO could push higher this week if Bitcoin price holds above the $30,000 level. Bitcoin (BTC) bulls have successfully defended the $30,000 level in the past few days but the failure to achieve a strong rebound has some traders worried that the price will eventually dip to new lows.  In a series of tweets, Ecoinometrics said that the current correction “looks very similar to 2013” when Bitcoin took 197 days to rise to a new all-time high and a bottom formed after a 69% correction from…

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