Crypto news

Coinbase Pro has announced that it will finally allow trading of Polkadot’s DOT token beginning on June 16. According to an announcement from today, Coinbase Pro has listed Polkadot’s DOT token, and users are now able to transfer DOT into their accounts. However, it’s also worth noting that DOT will only begin trading on June 16, Wednesday, if the liquidity conditions are met, which they likely will be. DOT will be available in the jurisdictions which support Coinbase, except...

Interest in bitcoin and cryptocurrencies really surged in America during the peak months of COVID, and now many traders in the United States are seeing that interest lead to profits. According to blockchain analysis firm Chainalysis, Americans have seen their bitcoin holdings return more than $4 billion to initial holders. Americans Love Their Bitcoin While bitcoin may be suffering pricewise at the time of writing, the currency has recently concluded what is arguably its...

The Central American Bank for Economic Integration (CABEI), an international multilateral development bank headquartered in Honduras, said that it will work with the El Salvadoran government to implement bitcoin as the country’s second legal tender. According to Reuters, on Monday (June 14, 2021), the executive president of CABEI, Dante Mossi, revealed the bank’s plans at a new conference. Mossi said that the major financial institution would offer technical assistance to El...

Bitcoin has risen to about $37,000 per unit at the time of writing. While this number is nothing compared with the new all-time high it attained in mid-April, it is still about $5,000 more than where it stood during the early portion of the week. Thus, it can be said that bitcoin may be returning to its bullish roots. However, according to New York University finance professor Aswath Damodaran, investors should not get too comfortable with the sudden rise of the world’s...

South Korea continues to enforce stricter rules on the cryptocurrency space with the latest legislation to classify exchanges as high-risk entities. The move comes as the Asian country aims to enhance the monitoring of financial transactions and user ID verifications. The Korea Times reported that the Financial Services Commission (FSC), South Korea’s financial watchdog, has implemented a new classification on cryptocurrency exchanges. According to the new legislation,...

MicroStrategy, the company, spearheaded by one of Bitcoin’s most vocal proponents, Michael Saylor, has completed yet another senior secured notes offering to buy more BTC. In an announcement revealed today, MicroStrategy said it’d completed a $500 million offering of senior secured notes due 2028 to buy more bitcoins. As it stands, the company now owns approximately 92,079 bitcoins. The notes have been sold in a private offering to qualified institutional buyers in full...

Prominent legacy investor Paul Tudor Jones III has doubled down on his support of bitcoin by indicating that it is reliable, honest, secure, and 100% certain. Furthermore, he said he wants to have 5% of his entire portfolio allocated in BTC. Ever since the COVID-19 pandemic broke out last year, the US billionaire hedge fund manager has been vocally praising the primary cryptocurrency. He argued that buying bitcoin would ultimately protect him from the growing threat of...

XRP/USD – XRP Battling To Defend 2020 Highs Key Support Levels: $0.828, $0.8, $0.75.Key Resistance Levels: $0.92, $1.00, $1.05. Last week, XRP fell beneath an ascending triangle pattern after dropping below $1.00. Over the course of the week, XRP crashed to $0.8 but has battled to close each daily candle above the 2020 high at $0.8282. It is now struggling to break above the 20-day MA at around $0.92, and this will be the first resistance to overcome as a signal that the...

The multifunctional platform Tidex with infinite, according to its developers, possibilities, launches staking on cryptocurrencies. The project team offers users an alternative view on staking. Let’s explore the specifics of staking crypto on Tidex. Few words on staking Staking is the process of earning cryptocurrencies by holding them. There are various approaches to how it functions. For example, earning on staking on many decentralized projects (DeFi) assumes locking...

[PRESS RELEASE – Singapore, Singapore, 11th June 2021] HaloDAO, a comprehensive decentralized finance protocol designed to create asset agnostic global money fund networks, will hold its anticipated Initial DEX Offering (IDO) on June 24, launching on SushiSwap’s recently deployed MISO Launchpad at 12 PM UTC. The whitelisting process is currently open with 1000 slots available on a first-come, first-served basis. In order to be able to claim HaloDAO’s RNBW tokens, participants...