A depreciating US dollar as a reserve currency coupled with investors looking for attractive alternatives could see both BTC and gold rise. Major investment banking company Goldman Sachs says the price of gold will rise 20% to reach $2,300 before the end of 2022. The commodity hit new record highs on July 31 at more…
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Crypto channel Altcoin Daily run by brothers Aaron and Austin Arnold was reinstated by YouTube after more than two days offline. Another cryptocurrency-related YouTube channel appears to have fallen afoul of the platform’s community policies. According to a July 31 tweet from crypto community members and brothers Aaron and Austin Arnold, their Altcoin Daily channel…
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OKCoin says recent U.S. regulatory clarity on digital asset custody is significant for big money players. Recent digital asset custody clarity from the U.S. Office of the Comptroller of the Currency, or OCC, will likely affect institutional investors more, according to OKCoin CEO Hong Fang. “The biggest impact will potentially be on institutional investors,” Fang…
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Twitter has published an update on its investigation into the causes of the recent hack, during which 12 Bitcoin was conned out of the platform’s users. Twitter released an update on July 30 revealing how hackers gained access to its internal network and account management tools in the recent attack. It also gave details of…
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Bitcoin futures open interest is currently at an all-time high as traders expect more upside for BTC’s spot price. Bitcoin (BTC) futures trading has been on a high since July 21 with both the Chicago Mercantile Exchange and Bakkt seeing sizeable increases in volume and open interest for their contracts. This resurgence in BTC futures…
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“Old-time” Japanese crypto traders are coming back as Bitcoin recovers to $10K. Japan’s “dormant” crypto accounts are starting to see activity as Bitcoin breached a critical price resistance level this week. According to the Japanese crypto exchange Coincheck, their trading volume this week has risen by two to three times in comparison to the previous…
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A panel of known Ethereum investors and influencers discussed decentralization and the value of the total value locked in DeFi. At a Kraken-hosted webinar titled “DeFi-ing expectations: the future of Ethereum,” panelists discussed the rise of decentralized finance, its defining features and how to measure its success. The webinar was held on July 31 and…
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Global payment processors Mastercard and Visa are laying the foundations for crypto support that may drive adoption on a global scale. Leading global payment companies Mastercard and Visa have been making moves to accelerate the support of cryptocurrency payment processors by opening up new options for users around the world. Both companies made strong statements…
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The total supply for DAI tripled since June as the community keeps raising the supply limits to bring the peg down to $1. The MakerDAO community approved and executed a vote on Thursday to almost double the total debt ceiling, which indicates how much Dai (DAI) can be minted by its users. An announcement by…
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Publicly-backed VC firms are stepping in where private investors retreat, according to a new report on Central and Eastern European tech investments. A Slovak blockchain startup serves as the chief example of pandemic venture capital developments in central and eastern Europe (CEE), in a new report from Reuters on July 31. In the former Eastern…
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