Crypto news

A few months after dabbling with the idea of getting on the cryptocurrency bandwagon, Wells Fargo has filed documents with the US Securities and Exchange Commission to launch a designated Bitcoin fund. According to the filing with the Commission, the US financial institution has partnered with FS Investments and New York Digital Investment Group (NYDIG) for the initiative. The name of the product will be FS NYDIG Bitcoin Fund I, LP. While previous speculations indicated that...

[Press Release – Toronto, ON] Coinchange, a fast-growing DeFi platform, announced today the Early Access launch of their High Yield Account, which allows users to earn passive income on their deposited crypto. The High Yield Account generates earnings for users by funding liquidity pools. dApps charge fees for every exchange made using those pools, which Coinchange collects and returns as yield. The fees have potential to add up quickly – users could earn up to a 25% annual...

XRP/USD – XRP Holds .382 Fib Support Key Support Levels: $1.10, $1.00, $0.928.Key Resistance Levels: $1.25, $1.36, $1.40. XRP has dropped a total of 18% since reaching $1.36 (1.618 Fib Extension) over the weekend. Despite this retracement, the coin is still up 11% over the week after surging from beneath $1.00. The cryptocurrency is currently trading inside a wide ascending price channel and is currently testing the support at the lower angle. It is further bolstered by a...

Following the success of its first six parachain auctions, Kusama – Polkadot’s Canary network, goes ahead and announces the dates and details for the next 5 auctions. Kusama Goes Ahead With 6 More Parachain Auctions According to materials shared with CryptoPotato, Kusama will schedule the next five parachain auctions on its network. The dates for them, as per the current recommendations, are as follows: 2021/09/01, 12:00 GMT: Sixth Kusama Parachain Slot auction commences....

BTC made another attempt to reclaim the 200-day moving average but was met with selling pressure as global stocks fell again amid fear of the Federal Reserve tapering asset purchases. This may be a near-term headwind for the largest cryptocurrency, but the overall fundamentals, on-chain data, technicals, and momentum remain strong. Chart by TradingViewAs we covered last week, there has been a bearish divergence forming on the 4-hour and daily chart, a near-term warning of a...

Over 95,000 ETH – over 287 million – have been staked in the ETH 2.0 contract in a day, as per data from on-chain and market data platform CryptoQuant. It seems the number of new depositors is fewer compared to the number of deposits, which, according to Young Ju, CEO of CryptoQuant, is a firm sign that whales are bullish on ETH by staking more tokens to the contract. Another evidence that $ETH is bullish in the long term. It seems whales who staked a lot of $ETH to the ETH...

EDCON2021 is coming! As one of the largest gatherings of the Ethereum and blockchain communities, EDCON (Community Ethereum Development Conference) has established a high level of popularity in the Ethereum and blockchain space. This year, due to COVID-19, EDCON2021 will be organized online from Aug. 27 to 29, and the live-stream presentation will be available at https://next.brella.io/join/EDCON2021, which Ethereum and blockchain developers, researchers, scholars,...

The meme-inspired cryptocurrency, Dogecoin (DOGE), has continued to take the top spot in crypto trading activities on Robinhood ever since it shot into the limelight earlier this year. In its earnings report, the American financial services company pointed out significant increases in its crypto revenue in 2021 Q2 compared to last year’s second quarter. The firm said its digital asset-related figures rose from $5 million in Q2 2020 to about $233 million in Q2 2021. DOGE...

Fortschreitende staatliche Regulierungen haben viele Funktionen auf Binance in zahlreichen Ländern eingeschränkt – auch in Deutschland. Nun versucht Binance offenbar den Finanzbehörden entgegenzukommen. Doch wird es reichen? Crypto News: Binance stellt ehemaligen Ermittler der Steuerbehörde einGreg Monahan ist ein ehemaliger Ermittler der US-Steuerbehörde IRS. Er wurde nun von Binance eingestellt, um gegen Geldwäsche und kriminelle Handlungen im Zusammenhang mit Cryptocoins auf Binance...

EOS price rallied above $5.00 before it faced resistance near $5.95 against the US Dollar. The price is now trading just below the $5.00 support and the 55 simple moving average (4-hours). There is a crucial bullish trend line forming with support near $4.80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair is likely to resume higher unless there is a clear break below $4.80 and $4.65. EOS price is holding gains above $4.80 against the US...