Top crypto traders explain why Yearn.finance (YFI) may top $50K soon

Over the weekend YFI, the native token of Yearn.finance, reached a new all-time high at $43,966 on Binance exchange. This occurred as the crypto market was still reeling from Bitcoin’s (BTC) sharp 17.5% correction which saw its price drop as low as $9,800 on some exchanges.  As Bitcoin price slowly recovered, YFI price increased by over 100% since Sept. 9 and many analysts now believe the token will make a run at the $50K mark soon.  The daily chart of Yearn.finance (YFI). Source: TradingView.com What’s behind YFI’s surge?  The confluence…

Nigeria regulators recognize digital assets in stunning new statement

The Securities and Exchange Commission of Nigeria has officially defined digital assets under its regulatory umbrella.  In a Sept. 14 statement, the Nigerian Securities and Exchange Commission, or SEC, defined tokens and coins in the country’s financial markets. The commission stated that these digital assets, which provide “alternative investment opportunities”, would be classified into four different categories for regulatory oversight. “Virtual crypto assets are securities, unless proven otherwise,” said the SEC. “The burden of proving that the crypto assets proposed to be offered are not securities and therefore not under…

Likelihood of Bitcoin Setting “Higher Highs” Grows as Bulls Build Momentum

Bitcoin has flashed some signs of intense strength throughout the past day, with the cryptocurrency recouping some of the losses that came about as a result of its decline from $12,400 to lows of $9,900. Bulls now appear to be aiming for a move up towards $11,000, which previously held strong as a level of support during its descent. If this resistance level is flipped back into support, it could provide a strong base for the cryptocurrency to rebound off of, potentially allowing BTC to reclaim its long-held position within…

Whales can now use Bitcoin to purchase private jets

A private aircraft sales company has started allowing customers to purchase any of their multi-million dollar jets using Bitcoin. According to a Sept. 13 report from news outlet Business Insider, U.S.-based Aviatrade is currently selling an upgraded 2014 Gulfstream G650ER for $40 million — roughly 3,750 Bitcoin (BTC) as of this writing. Billionaires including Amazon’s Jeff Bezos and Tesla CEO Elon Musk reportedly own the same model, which is capable of traveling up to 7,500 nautical miles, or roughly the distance between Los Angeles and Sydney. “We accept Bitcoin as…

Mad Money host Jim Cramer forecasts a generational wealth storage shift

Jim Cramer, host of the popular CNBC mainstream markets show, Mad Money, described changing mindsets across generations as they relate to wealth storage.  “I think that my kids, when they get my inheritance, won’t feel comfortable with gold, and will feel comfortable with crypto,” Cramer told Morgan Creek Digital co-founder Anthony Pompliano on a podcast episode. “I have to start recognizing that maybe I am using a typewriter,” he said of his possibly outdated gold storage practices. Cramer’s comment came in the middle of a lengthy interview, which saw the…

Crypto.com to Leverage Chainlink Oracle Price Feeds for DeFi Product

Chainlink will provide price reference data for Crypto.com’s DeFi wallet in its latest integration. Crypto.com will also provide its price data for CRO/ETH and CRO/USD onto the Chainlink Network. Chainlink’s data will provide Crypto.com DeFi users with the latest coin prices while minimizing human tampering. Chainlink claims that the data is provided through a “decentralized oracle network” and is “immediately available, accurate, and resistant to manipulation.” Crypto.com’s flagship app has over a million downloads on the Apple and Google app stores, meaning that the integration with Chainlink has the potential…

You can now only buy LAND for $SAND

Presale 4.2 of virtual land in The Sandbox metaverse starts on Sep. 15, with over 4,500 of the non-fungible token, or NFT, LANDS up for sale. In contrast to previous LAND sales, the exclusive payment method this time around will be the $SAND utility token. In fact, going forward, all LAND sold on the platform will be sold for $SAND, as Co-founder Sebastien Borget explained to Cointelegraph: “From the inception of the project, we designed $SAND — the ERC-20 fungible token that serves as the main utility token of the…

Binance’s US branch lands in Alabama

Binance.US, the regulatory-friendly United States branch of crypto exchange Binance, has added Alabama to its list of approved states.  Binance added Alabama to its list in a Sept. 13 announcement, complete with a football graphic as homage to one of the state’s favorite pastimes. The announcement also listed steps necessary for Alabamians getting started on the platform, including account creation and verification. Binance unveiled its ban on U.S. customers in June 2019. The company subsequently released a regulatory-sensitive version of the platform months later, called Binance.US. The U.S. platform’s terms and…

Ethereum Approaches Key Resistance; Break Above Could Spark Move to $650

Ethereum has seen a strong rebound from its recent lows today, with its ongoing upswing coming about in tandem with the immense technical strength seen by Bitcoin. The aggregated cryptocurrency market is trending higher today, which is partially being driven by Bitcoin’s strong weekly candle close and the ongoing upswing seen in the stock market. Despite Ethereum rebounding from daily lows of $350 that were set at the bottom of yesterday’s selloff, it is important to note that the crypto has yet to break above its key $380 resistance level.…

U.S. Presidential candidate served for alleged securities fraud at rally in NYC

Presidential candidate Brock Pierce was served for his connection to alleged securities fraud during his campaign rally in New York City earlier today. Source: Twitter. James Koutoulas, the lawyer leading this case, told Cointelegraph that Pierce was served legal documents in connection with a class action case against Block.One — a company that Pierce co-founded. Block.One was the company behind EOS’ $4 billion initial coin offering. The project’s ICO was the largest such offering to date. Brock Pierce has co-founded a number of crypto projects including Block.one, Tether, and Blockchain Capital.…