Crypto news

Polygon has announced that it will be partnering with 0x to raise a total of $10.5 million that will be used to attract more users into choosing its platform and the Ethereum blockchain.  According to a press release shared with CryptoPotato, the funds will be used to support projects and developers on the Polygon network, thus leading to the development of a secure and robust DeFi infrastructure.  Polygon expects to attract at least one million users to its network and the...

The president of El Salvador in Central America is working hard to make bitcoin legal tender within his country’s borders. Nayib Bukele stated in a recorded message at a recent bitcoin conference in Miami, Florida that he would eventually like to see all citizens paying for goods and services with bitcoin. El Salvador Residents Could Buy Necessities with Bitcoin Soon In his message, Bukele said the following: Next week, I will send to Congress a bill that will make...

America’s second-oldest bank, State Street Corporation, will establish a digital unit to focus on cryptocurrency endeavors. This comes shortly after the banking organization with over $40 billion in Assets Under Management (AUM) said it will enable crypto trading through its platform. State Street Sets Up a Digital Unit The Finance Times reported State Street’s latest endeavor in relation to the cryptocurrency industry. According to the coverage, the giant bank has outlined...

Just a few days after Polkadot’s canary network, Kusama (KSM) revealed that it will be conducting its Parachain Slot auctions, Acala, the DeFi hub of Polkadot, has raised more than $100 million worth of KSM tokens. According to a press release shared with CryptoPotato, the DeFi project raised this amount from funds sent via over 900 different wallet addresses on the Kraken exchange, in addition to over 7,600 backers on its Karura platform. Acala Looks Set to Win Kusama’s...

ETH/USD – ETH Falls Beneath Ascending Triangle. Key Support Levels: $2470, $2330, $2200.Key Resistance Levels: $2700, $2890, $3000. ETH fell beneath an ascending triangle pattern tracking over the past fortnight after dropping to $2600 on Monday. It fell beneath the lower boundary (dashed line) and continued until support was established around the $2500 level. The coin did spike as low as $2330 during the week but is now attempting to maintain itself above the newly formed...

[PRESS RELEASE – Singapore, Singapore, 10th June 2021] Unbound Finance has secured $5.8 million in investment from leading crypto investors, including Pantera Capital and Arrington XRP Capital, to support the firm and become the first-ever decentralized cross-chain stablecoin.Unbound is aiming to create capital-efficient products that are both native and composable to the DeFi ecosystem. The liquidation-free collateralization platform allows users to borrow interest-free...

[PRESS RELEASE – London, United Kingdom, 10th June 2021] Nexo, the leading regulated institution for digital assets, has commissioned Armanino LLP, one of the largest accounting firms in the U.S. and a global leader in digital asset solutions, to provide real-time attestations over the company’s custodial holdings. Through Armanino’s TrustExplorer attest platform, Nexo will offer investors, customers, and regulators the highest level of trust available in the market by means...

[PRESS RELEASE – Please Read Disclaimer] NetcoinCapital announced that their token will be tradable on the Coinsbit Exchange from August 2nd. NetCoinCapital is a TRC20 cryptocurrency token based on the Tron blockchain platform. The company’s vision is to achieve great Technologies. The Netcoin tokens can currently only be purchased from the NetCoinCapital website, but will soon also be available for purchase at Coinsbit exchange starting August 2nd. The short-term goals of...

Antalya, Turkey / June 9, 2021 / Dirham (DAH) ecosystem announced the launch of the world’s first regulated stablecoin pegged against the dirham (AED) governed by smart contracts that ensures transparency of funds along with minimal fluctuation. Building a viable stablecoin is as much of a trust problem as it is a computer science one. While Bitcoin created a system based on cryptographic proof instead of trust, a fiat-pegged stablecoin requires both due to its reliance...

EOS started a steady decline from the $7.50 and $7.00 resistance levels against the US Dollar. The price is currently trading well below $6.00 and the 55 simple moving average (4-hours). There is a key declining channel forming with resistance near $5.50 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair must break $5.50 and $6.00 to start a strong increase in the near term. EOS price is struggling to recover above $6.00 against the US Dollar,...