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eToro Listed Shiba Inu (SHIB) While ShibaSwap TVL Drops Almost 80% in Two Weeks

The multi-asset investment platform, eToro, which plans to go public later this year, has listed Shiba Inu (SHIB). The company argued that the decision came following substantial demand from customers. Founded in 2006, eToro is an Israeli social trading and multi-asset brokerage company with offices in several European countries, the US, and Australia. The firm announced the listing of Shiba Inu (SHIB) in a press release shared with CryptoPotato. The statement reads that the...

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Binance Limits Exchange Activity for Unverified Users

Leading digital currency exchange Binance – arguably the biggest cryptocurrency trading platform in the world – is taking heavy action against unverified users. Binance Moves Towards Limiting Unverified Customers In a series of tweets, Changpeng Zhao – the company’s CEO – announced that Binance would be limiting how much money customers can remove or withdraw from their accounts daily, granted they have not gone through the verification process with the exchange. Zhao...

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Pavan Sukhdev Says Bitcoin Is an “Asset” and “Not a Currency”

We have constantly been hearing arguments in the past that bitcoin is “digital gold.” Both bitcoin and the precious metal the entire world has grown to love are consistently being compared, though according to one expert – Pavan Sukhdev – there is still too much speculation involved. Pavan Sukhdev – Bitcoin Is Not a Currency Sukhdev is the president of environmental advocacy group WWF International. In a recent interview, he commented that both bitcoin and gold remain...

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Wealthfront to Offer Cryptocurrency Exposure to its Clients Through Grayscale

The financial institution Wealthfront announced it would expand its menu of digital asset investments by including Grayscale Bitcoin Trust (GBTC) and Grayscale Ethereum Trust (ETHE). Additionally, the company would provide more solutions to its customers with cryptocurrencies different than BTC and ETH. Wealthfront Customers Can Now Invest in GBTC and ETHE The California-based investment provider Wealthfront with more than $25 billion in assets under management, revealed in a...

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Many Crypto Experts Believe Ethereum Will Overpower BTC

Over the past week, talk surrounding bitcoin has been invigorated considering the world’s number one digital currency by market cap has shot up to just under $40,000 for the first time in well over a month. As good as the news is, it is easy to allow bitcoin to overshadow Ethereum and many other heavy hitters within the crypto space, but one panel of experts refuses to turn away from competing altcoins. Ethereum Is Climbing Up the Financial Ladder Ethereum is the second...

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Mexico Detected 12 Illegal Local Cryptocurrency Exchanges

The Financial Intelligence Unit of Mexico (FIU) received information about 12 cryptocurrency trading venues that operate without legal authorization. Many experts consider that these exchanges are related to the notorious Jalisco Nueva Generación drug cartel. Are The Mexican Cartels Dealing with Digital Assets? After receiving information from various sources, the Financial Intelligence Unit of Mexico tracked and identified 12 local cryptocurrency exchanges that run their...

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Bitcoin Price Analysis: BTC Needs to Close Weekly Candle Above This Major Level

BTC has definitely surprised market participants lately after a 10-day green streak, managing to break above $40K. Just overnight, BTC staged a last-minute rally and made the first daily close above the top of the trading range closing at $42.2k. Chart by TradingViewBitcoin Overcomes $40K On July 28th, 2021, the third-largest BTC whale transferred 3000 BTC to Coinbase, signaling near-term caution on price. As we reported, this has been a local top indicator on quite a few...

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Bitcoin Spikes to a 2-Month High Above $42K: Up 25% in July (Market Watch)

Bitcoin has initiated another leg up, resulting in charting a new two-month high of just over $42,000. Apart from Chainlink, most alternative coins trail behind, and BTC’s market dominance has increased to well above 48%. Bitcoin Taps a 2-Month High As reported earlier this week, bitcoin went on a tear after dabbling with the $33,000 price line for a while and charted a $7,000 green candle. As a result, the cryptocurrency briefly exceeded $40,000 for the first time in over a...

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Mastercard Has to Be in the Cryptocurrency Space, Says CEO

As cryptocurrency adoption enters a mainstream stage, traditional financial services platforms are trying to adapt to the changing financial ecosystem. To maintain their importance in this industry, payment processors like Mastercard and Visa intend to use their large client base and international reach to attract both government and private entities when they are testing their CBDC or stablecoin projects. During an earnings call yesterday, Mastercard’s CEO, Michael Miebach,...

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Crypto Firm Fire Blocks Garners More than $300 Million in New Funds

Digital currency provider Fire Blocks – a startup based in New York – has managed to raise more than $300 million in new funds, thereby bringing its overall valuation beyond the $2 billion mark in just under half a year. Fire Blocks Gets Its Hands On a Lot of Money Fire Blocks came about three years ago in 2018. Just last February, the company managed to secure approximately $133 million for itself through a Series C funding round. During that period, the company’s...

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