Crypto news

The bitcoin reserves on BlockFi – the popular lending and borrowing platform enabling users to receive interest – have declined to an all-time low. This, combined with recent reports claiming that whales have started to sell off their positions, raises the question of whether large BTC investors may have averted from HODLing. BlockFi BTC Reserves Decline Founded in 2017, BlockFi allows investors to lend their cryptocurrency assets in order to gain interest. However, it seems...

The last week was rather challenging for altcoins as most of the major ones are trading in the red. Bitcoin managed to pull ahead a bit, which also resulted in an increase in its market dominance. Bitcoin Bitcoin is up by a very small 2.8% over the past week as it currently trades at $37,900 – just above the 20-day MA. The coin had provided some hope at the start of the week as it surged above $37,000 to break a falling trend line that has been in play since the mid-May...

After conducting tests for several months, the Swiss branch of the large Spanish bank – Banco Bilbao Vizcaya Argentaria (BBCA) – has announced plans to release two services related to the cryptocurrency industry. According to the official statement, private banking customers based only in Switzerland will have the option to trade bitcoin and other digital assets starting from Monday – June 21st. BBVA’s second service will enable its clients to store their digital assets on a...

[PRESS RELEASE – Please Read Disclaimer] Midtown, Gibraltar. Panther, a privacy-preserving protocol for digital assets focused on DeFi, has released its comprehensive whitepaper today. Formed in 2020 by leading entrepreneurs and technologists, Oliver Gale (CEO) and Anish Mohammed (CTO), Panther Protocol positions itself as a decentralized privacy metaprotocol that enables confidential, trusted transactions and interoperability in DeFi. In their whitepaper, the project...

Paraguay’s Deputy of the Nation, Carlos Antonio Rejala Helman, has confirmed that new legislation in regards to Bitcoin will arrive in July. This comes amid growing adoption in Latin America led by El Salvador, which could be followed by Panama as well. CryptoPotato reported last week when Rejala Helman said his country planned to start working on an “important project” that included Bitcoin and PayPal Although he provided little-to-no information at the time about the...

Bitcoin continues to gradually lose value with another price slump to around $37,000. Most alternative coins are also suffering, with ETH dipping beneath $2,400 and BNB close to dropping below $350. Bitcoin’s Struggles Continue Just a few days ago, the situation with the primary cryptocurrency seemed significantly more promising. The asset was riding high above $40,000 for the first time in nearly a month and even spiked to north of $41,000. However, it failed to maintain...

Popular NASCAR driver Landon Cassill will soon become the first auto racing driver to receive his salary in cryptocurrency via a new partnership with crypto brokerage firm Voyager Digital Ltd. First Auto Racer To Receive Crypto Salary In an official announcement today, the National Association for Stock Car Auto Racing, LLC (NASCAR), an American auto racing sanctioning and operating company best known for stock car racing, revealed that Cassill will be paid fully in...

Bitcoin cash price is struggling to recover above $600 and $620 against the US Dollar. The price is now trading below $600 and the 55 simple moving average (4-hours). There is a key bearish trend line forming with resistance near $620 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could extend its decline unless there is a clear break above $600 and $620. Bitcoin cash price is struggling to recover above $620 against the US Dollar, similar...

According to a new survey unveiled by Bank of America, fund managers still do not trust bitcoin and see it as a major bubble despite the massive price bust that has occurred over the past month. Bank of America Survey Doesn’t Paint BTC in a Positive Light Bitcoin was initially trading at an all-time high in mid-April of this year. The world’s number one digital currency shot up to approximately $64,000 per unit, reaching its highest peak in its 12-year history, though at...

2021 has been an incredible year for cryptocurrencies as we saw one of, if not the biggest, bull markets so far. This had the spotlight put over many projects, and Cardano was no exception – just on the contrary. The proof-of-stake blockchain platform enjoyed the attention of the entire cryptocurrency community and even celebrities and people from outside of it. After all, the legendary rock star Gene Simmons announced a $300K ADA buyback in February, attracting even more...