Crypto news

The Massachusetts Mutual Life Insurance Company has doubled down on its BTC endeavors through a partnership with New York Digital Investment Group. Both parties aim to enable institutional clients of the insurance behemoth to receive BTC exposure. According to the announcement dated August 11th, the insurance broker, founded a decade and a half ago, has entered into a “placement agent agreement” with NYDIG. Through its broker-dealer, MML Investors Services (MMLIS), MassMutual...

[PRESS RELEASE – Zug, Switzerland, 11th August 2021] Concordium, a leading blockchain technologies company, and Swvl, Inc. (“Swvl”), a Dubai-based provider of mass transit and shared mobility solutions, today announced a strategic partnership to, for the first time, use blockchain technologies to develop transformative next-generation mass transit systems. Swvl is a global tech start-up based in Dubai, with an implied, fully diluted equity value of approximately $1.5 billion,...

The Indian governing body will reportedly take measures to eliminate the use of cryptocurrencies as part of the country’s financial system. However, the existence of digital assets issued by the State is not threatened. Cryptocurrencies Fund Illegal Activities According to a recent report by The Economic Times, the government of India plans to crack down on the use of digital currencies as many criminals employ them to fund their illegal operations. The authorities believe...

[PRESS RELEASE – Please Read Disclaimer] July 1, 2021, was a significant day for FUN Token. The Binance-listed token became one of only 10 coins to be listed for Locked Savings at Binance, joining the likes of BTC, USDT, and LINK. Users can earn up to 45% APY on their FUN Token holdings at Binance. Now, FreeBitco.in is giving 46 million users a seamless way to earn interest on their FUN Tokens… FreeBitco.in Launches FUN Token Savings FUN Token was created in 2017 to bring...

After saying he was prepared to refund the stolen funds from the infamous $610 million hack, the perpetrator has made the first transaction worth $1 million in USDC. CryptoPotato reported earlier on August 11th that the unknown hacker, who breached PolyNetwork’s security and stole over $600 million in various digital assets, had decided to return the funds. This came after dabbling with the idea of creating a new token and allowing the DAO to decide what to do with the...

Tron price started a fresh increase above the $0.0700 resistance against the US Dollar. TRX price is now trading well above $0.0700 and the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance near $0.0740 on the 4-hours chart (data feed via Bitfinex). The pair is likely to continue higher as long as it is above the $0.0720 and $0.0700 support levels. TRON price is trading in a positive zone above $0.0700 against the US...

Bitcoin price started a decent increase above the $45,000 resistance against the US Dollar. The price is now trading above $45,000 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $44,600 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair is likely to continue higher above the $46,000 and $46,500 resistance levels. Bitcoin price is gaining pace above $44,000 against the US Dollar. BTC is...

The American television host – Jim Cramer – believes that cryptocurrencies need more regulation or otherwise the market could collapse. Additionally, he praised Ethereum as the best-performing digital asset. Regulation Could Prevent The Market from Falling apart In an interview for TheStreet, Jim Cramer revealed that he is a huge proponent of cryptocurrency regulations. In his opinion, setting the right rules in the industry would be beneficial for the entire market as they...

YouTube star KSI is the latest celebrity figure to become a major bitcoin fan. KSI Sure Loves His Bitcoin In a recent interview, the video maker and rapper commented that bitcoin was “the future” and that it was a “long haul thing.” When asked what he would do if he was prime minister, he responded with: I would give everyone 100 pounds worth of bitcoin, like a bitcoin stimulus package for all. I’m really into crypto. I think bitcoin is the future. It’s going to be long...

PolyNetwork, an interoperability protocol enabling atomic-cross chain transactions between multiple major blockchains, was just exploited to steal $600 million worth of investor’s crypto on Polygon, Binance Smart chain, and Ethereum What Exactly Happened? As reported by CryptoPotato earlier today, PolyNetwork announced that they had been attacked at 8:38 am EST. They immediately listed the addresses to which the anonymous hacker had transferred their funds on the ETH, BSC,...