Cryptocurrency

  • Goldman Sach’s new ‘DeFi’ ETF is anything but

    The proposed fund, dubbed the Goldman Sachs Innovate DeFi and Blockchain Equity ETF, strives to track the Decentralized Finance and Blockchain Index from German financial indices provider, Solactive. The fund will invest at least 80% of its assets into securities, stocks, and depository receipts featured in the index. The filing asserts the index seeks to offer exposure to firms aligned…

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  • Bitcoin price drop to $37K has analysts wary of calling a ‘trend change’

    Bull market optimism returned to the cryptocurrency market on July 26 after Bitcoin (BTC) price rallied above the $40,000 level for the first time in over six weeks. Today’s rally to $40,581 was a continuation of the July 25 breakout which saw BTC price rocket to $48,110 at Binance af a short squeeze resulted in nearly $500 million in shorts…

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  • IMF issues veiled warning against El Salvador’s Bitcoin law

    The International Monetary Fund is warning that some of the consequences of a country adopting Bitcoin as a national currency “could be dire.” According to IMF marketing department financial counsellor and director Tobias Adrian and legal department general counsel and director Rhoda Weeks-Brown, a cryptocurrency like Bitcoin (BTC) may catch on in countries without stable inflation and exchange rates, and…

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  • Bitcoin hits $40K after a 6-week absence, but on-chain activity is ‘somewhat bearish’

    Bitcoin (BTC) touched $40,370 on July 26 as a solid day of gains saw the return of a major price milestone.  BTC/USD 1-minute candle chart (Bitstamp). Source: TradingView BTC price daily gains near 20% Data from Cointelegraph Markets Pro and TradingView showed BTC/USD touching $40,400 before consolidating nearby later on Monday. The pair had held on to previous gains from the…

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  • DeFi tokens book double-digit gains after Bitcoin rallies above $39,000

    A renewed sense of optimism has returned to the cryptocurrency ecosystem on July 26 as Bitcoin’s (BTC) recovery above $38,900 has sparked a market-wide rally in the altcoins.  Data from Cointelegraph Markets Pro and TradingView shows that the top movers over the past 24 hours are Amp (AMP), Venus (XVS) and Reserve Rights (RSR). Top 7 coins with the highest…

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  • How crypto can modernize the world of lending

    Lending has been around in some form for thousands of years — dating back to ancient civilizations where farmers would borrow seeds and use crops as repayment. The arrival of fiat currencies transformed the way economies were run back then. Indeed, you could argue that we’re seeing such a seismic shift now as cryptocurrencies become a larger and more influential…

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  • Cleveland Cavaliers basketball team joins fan token platform Socios

    Socios, the blockchain-based platform which has tokenized many sports franchises worldwide, has partnered with the National Basketball Association’s Cleveland Cavaliers. In a Monday announcement from blockchain-based sports platform Chiliz, Socios said its logo will be prominently featured on Cavaliers’ team jerseys for the upcoming season, scheduled to begin later this year. The platform also said it was currently in the…

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  • Crypto cowboys: Texas counties welcome Bitcoin miners with open arms

    Texas, the second-largest state in the U.S. known for its southern hospitality, is embracing the droves of Bitcoin (BTC) miners that have recently flocked to the region. Following China’s crackdown on crypto mining that occurred in May, a number of Bitcoin mining companies have relocated to The Lone Star State to conduct business.  This shouldn’t come as a surprise, though.…

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  • Here’s how much Musk and Saylor’s tweets influenced crypto prices in Q2

    Elon Musk and Michael Saylor played a significant role in shaping crypto investor sentiment during the second quarter, underscoring just how nascent digital asset investing remains when compared with other, more established markets.  Sentiment-driven analysis from The TIE and eToro USA reveals the extent to which Musk and Saylor impacted Bitcoin (BTC) values in the second quarter. The results were…

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  • Ethereum eyes rally to $3K with 39% ETH price rebound triggering a classic bullish pattern

    The price of Ether (ETH) jumped to a three-week high on July 26, triggered by similar gains in the Bitcoin (BTC) market that appeared in the wake of rumors about Amazon’s foray into the cryptocurrency sector. A job posting from the retail giant showed that it is seeking an executive to build its “digital currency and blockchain strategy.” Meanwhile, global…

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