CRYPTO NEWS

Bitcoin Supply On Crypto Exchanges Begins to Drop as BTC Reclaims $33k

Bitcoin supply on crypto exchanges has once again started to drop, almost equaling January lows Bitcoin outflows from exchanges have exceeded inflows by 2,333 BTC in the last 7 days Elon Musk and ‘The ₿ Word’ Bitcoin conference is one reason BTC is bullish once again Jack Dorsey stating that Bitcoin will be a big part of Twitter’s future, is another fundamental reason why Bitcoin is above $33k Bitcoin supply on crypto exchanges has once again started to decline and is on a path towards equaling low levels last witnessed…

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The Purpose Ethereum ETF Now Holds Over 62k ETH

The Purpose Ethereum ETF now holds over 62,000 ETH worth roughly $133.9 million The Ether ETF offers investor exposure to Ethereum and is listed on the Toronto Stock Exchange Interest in ETH continues to grow grown as Ethereum transitions to a Proof of Stake algorithm Ethereum might not dump after the London Upgrade on August 4th due to fundamentals and future growth The Purpose Ethereum ETF now holds over 62,000 ETH worth roughly $133.9 million using ETH’s current value at $2,160. This amount of Ethereum currently on the Purpose ETF…

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Users Criticize Uniswap’s Decision to Remove Over 100 Tokens From Main Interface

The largest decentralized exchange (dex) platform, in terms of trade volume, Uniswap has revealed the dex has removed a number of tokens from the platform interface. The community assumes the tokens could be deemed securities by global regulators. Uniswap users can still swap these tokens via accessing specific smart contracts themselves, as the company behind the platform, Uniswap Labs, simply removed the tokens from the main interface. Uniswap Removes Tokens From Main Interface, Users Discuss Alternative Solutions On July 23, the startup Uniswap Labs announced that the development team was…

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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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Blockbank | Leveraging AI and Traditional Banking Systems to Create a Comprehensive Mobile Application

Vilnius, Lithuania / July 23, 2021/ BlockBank has helped its users generate more than $100 million in managed assets with a promising 30% APY for the future. Also, Simone Giacomelli has become a part of the BlockBank community and will work as an adviser to the platform helping in future development targeting better use cases for the people. BlockBank represents an innovative approach to accumulate every blockchain and cryptocurrency-related application on the user’s device and letting them access everything from a single interface. Intelligent Advisor for the People BlockBank provides its users…

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64% of Adults from 10 Different Countries Would Use a Central Bank Digital Currency: Report

As central bank digital currencies (CBDCs) advance in testing, a number of countries have taken the lead in an effort to create a CBDC. The enterprise blockchain firm Guardtime recently conducted a survey that shows adults from ten different countries would likely use a CBDC. Nearly two out of three respondents said they would likely use a CBDC after launch and most of the study’s participants believe a major CBDC will be launched within three years. 63% of Survey Respondents Would Leverage a CBDC if Launched, 33% Would Be ‘Very…

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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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Tesla Will Most Likely Resume Accepting Bitcoin (BTC) – Elon Musk

Elon Musk has stated that Tesla will most likely resume accepting Bitcoin for car payments He pointed out that Bitcoin mining had shifted more towards renewables as China clamped down on coal-powered BTC mining within its borders Mr. Musk made the comments during ‘The ₿ Word’ virtual conference that was attended by Cathie Wood, Jack Dorsey, Elon Musk and moderated by Steve Lee Bitcoin is once again trading above $32k and could be due to the statements by Elon Musk The Founder of Space X and CEO of Tesla, Elon…

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Ethereum Attempts to Reclaim $2k on News of Elon Musk Owning ETH

Elon Musk has revealed that he personally owns Ethereum, Bitcoin and Dogecoin Mr. Musk made the revelation during ‘The ₿ Word’ virtual conference Elon Musk also revealed that both Tesla and Space X own Bitcoin Ethereum is currently attempting to reclaim the $2k price area as support The founder of Space X and CEO of Tesla, Elon Musk, has revealed that he personally owns Ethereum, Bitcoin and Dogecoin. Mr. Musk informed the crypto community that he owned the three digital assets during ‘The ₿ Word’ virtual Bitcoin conference that was…

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