Joe Biden’s withdrawal wiped $67M in long positions in 30 minutes
US President Joe Biden’s withdrawal from the 2024 presidential race led to a sharp crypto dip followed by a near-immediate correction, leading to huge liquidations.
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Rewriting Satoshi: Company and Uni to Build Crypto Model Addressing Bitcoin’s Shortcomings
A crypto company has signed a memorandum of understanding with a university in the United States with the aim of building the cryptocurrency model envisaged by Satoshi Nakamoto when the Bitcoin network was launched 10 years ago.SovereignWallet says it will be collaborating with the University of Southern California’s Viterbi School of Engineering to develop the…

Bitcoin erases latest gains with BTC price back below $20K as dollar spikes
Bitcoin (BTC) fell back below $20,000 after the Aug. 30 Wall Street open as data showed hodlers selling at a loss.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewJune lows look increasingly attractiveData from Cointelegraph Markets Pro and TradingView captured the latest dive below the 2017 bull market peak for BTC/USD, with United States equities dropping in…

Rarible’s RARI Foundation taps Arbitrum for royalty-embedded EVM chain
Rarible has cemented its commitment to NFT royalty enforcement by launching a testnet for an EVM-compatible chain with embedded royalties on the node level. 127 Total views 8 Total shares The RARI Foundation, the nonprofit arm of the Rarible ecosystem, officially released a testnet for an EVM-equivalent blockchain called “RARI Chain,” with royalties embedded into

VanEck takes new approach with SEC, files for Bitcoin Strategy ETF
SEC chair Gary Gensler recently hinted he would be more open to accepting ETFs based on crypto futures rather than through direct exposure. 245 Total views 25 Total shares Asset manager VanEck is filing for a Bitcoin Strategy exchange-traded fund after it unsuccessfully attempted to launch a similar fund four years ago. According to U.S. Securities…

Bitcoin price support at $30K opens the door for gains from UNI, ARB, AAVE and MKR
Bitcoin (BTC) attempted to break away from its boring sideways price action on July 13 following Ripple’s legal victory over the United States Securities and Exchange Commission, but the enthusiasm proved to be short-lived. Sellers pulled the price back into the range on July 14, indicating that they remain active at higher levels. However, a…

Binance Adds 15 Fiat Currency Options for Purchasing Crypto
Binance has added 15 additional fiat currency options for Visa and Mastercard purchases on its platform. Since Feb. 14, the exchange’s partner Simplex can be used to buy crypto across many countries in the world.The list of supported currencies has been expanded to the British pound sterling, South Korean won, Russian ruble, Australian dollar, Swiss…

How crypto can modernize the world of lending
Lending has been around in some form for thousands of years — dating back to ancient civilizations where farmers would borrow seeds and use crops as repayment.The arrival of fiat currencies transformed the way economies were run back then. Indeed, you could argue that we’re seeing such a seismic shift now as cryptocurrencies become a…

Low Millennial financial well-being drives crypto adoption: report
Millennials are most likely to seek alternative financial services and assets such as crypto, and younger generations are hopping on to the bandwagon leading researchers to expect a crypto boom in 2022. Data shows that Millennials in the United States are flocking to alternative financing methods such as crypto assets to boost their financial well-being.A…