Crypto news

According to a recent survey, 7 out of 10 institutional investors asserted that they expect to purchase digital assets sometime in the future. What’s more, over half of the participants revealed they already have invested in cryptocurrencies. Institutional Investors Love Virtual Currencies A survey conducted by the financial services provider – Fidelity Digital Assets – found out that more than 50% of global institutional investors had already allocated some of their wealth...

According to a fresh release, companies that transfer BTC or other cryptocurrencies must collect information about the senders and recipients if proposed EU regulations come into force. In a bid to end anonymous cryptocurrency wallets, the Europoean Commission has proposed a law that would require companies that transfer BTC and other cryptos to collect information about the sender and the receiver. This, according to a recent press release, aims to crack down on illicit...

[PRESS RELEASE – Hong Kong, Hong Kong, 20th July 2021] Flurry Finance, the team behind FLURRY, a DeFi protocol offering yield aggregation, recently closed its latest investment round worth $3 million. Investors include AU21 Capital, GenBlock Capital, Shima Capital, CoinUnited.io, One Block, Soul Capital, and Dutch Crypto Investors. The fresh funds will be used in preparation for its product launch in Q3 2021, as well as its IDO which will take place in the same period. FLURRY...

XRP/USD – XRP Rejected At Price Channel Upper Angle Key Support Levels: $0.5, $0.478, $0.331.Key Resistance Levels: $0.55, $0.62, $0.7. The 6% price fall today caused XRP to break beneath $0.55 (2019 highs). It has been trading inside a descending price channel since the start of June. Last week, the coin was rejected at the upper angle of this channel on numerous days. Today, XRP dropped below a short-term falling wedge established at the start of July. As a result, it can...

[PRESS RELEASE – London, United Kingdom, 20th July 2021] WiV Technology, a blockchain-based trading platform for unique assets, has signed an agreement with the Georgian government to move some of the country’s wines and their provenance onto WiV’s blockchain empowered platform. The team at WiV will also be developing a quality assurance standard for the county’s wine to enhance its reputation across the globe. Under the terms of the agreement, several Georgian wines and...

[PRESS RELEASE – Zug, Switzerland, 20th July 2021] Concordium has today unveiled an ambitious, industry-leading partnership program for global developers as part of its ongoing commitment to build a credible, trusted, and sustainable blockchain industry. The program offers developers a chance to work alongside some of the most respected names in the blockchain industry and help release the full potential of blockchain and cryptocurrency technology. Concordium’s platform...

NFT ecosystem provider and creator of the ERC-1155 token standard, Enjin, has recently joined the United Nations Global Compact, a global organization that supports businesses working to adopt Sustainable Development Goals (SDGs). First NFT Platform to Join the UN Global Compact In a press release shared with CryptoPotato, Enjin revealed that it would join the UN Global Compact as a Participant, the highest membership rank in the organization.  This positions Enjin as the...

Circle, the blockchain company behind the second-most popular stablecoin USDC, has partnered with the US multinational financial services giant – Mastercard. Both parties aim to facilitate crypto-to-fiat conversions and test using USDC as a settlement option. The partnership, announced by Circle on July 20th, will result in launching a pilot program that will assist both companies in a few endeavors. Firstly, Mastercard will start employing USDC to “facilitate crypto-to-fiat...

Ralph Hamers, the CEO of the Swiss multinational investment bank UBS Group AG, has no FOMO towards the cryptocurrency industry. He feels his organization is not missing out on any potential gains from this “untested” market. No Crypto Fomo: UBS CEO Speaking to Bloomberg TV, Hamers outlined the success of the financial institution that he runs in the past year. While commenting on the bank’s earnings and the expansion to other nations, he received a question in regards to what...

Bumper Finance’s liquidity program is now live. Investors keen to power up the “God-mode for crypto” now have the opportunity to join others in providing liquidity to this innovative DeFi protection protocol. Participants depositing their USDC reserves into the program early can expect to yield up to 300% APR by locking their funds away for three months. The community is ablaze with fearful whispers of the looming bear that Bumper Finance aims to cancel. The Limits of...