US state dept urges El Salvador to be ‘responsible’ about Bitcoin adoption

The U.S. Department of State’s Under Secretary of State for Political Affairs Victoria Nuland said El Salvador should ensure Bitcoin is well regulated under its new legal framework. In a Wednesday press conference following a meeting with President Nayib Bukele, Nuland said the United States was taking a “tough look at Bitcoin” following the ransomware attack on the Colonial Pipeline and suggested El Salvador take a similar approach. The country passed a law in June making Bitcoin (BTC) legal tender, legislation that will go into effect on Sept. 7. “I…

Bull Signal From Bitcoin Bottom Is Best Hope Yet For Continuation

Bitcoin price continues to struggle to regain any type of bullish momentum, and keeps grinding at repeatedly tested support. In the past, when this happens, the support ultimately breaks down and a cascade of liquidations begin. However, there’s a bullish signal brewing that is thus far the best hope for further continuation to the upside. The reason for the hope, is because the last time Bitcoin gave such a signal, it was the bear market bottom and that support eventually held for good. Could it happen again during the bull…

3 reasons why analysts are turning bullish on Curve Finance (CRV)

Choppy markets after a major pullback offer ample time to take a survey of the cryptocurrency landscape and find solid projects with improving fundamentals that have caught the attention of analysts and tokenholders.  One project that has piqued the interest of many, including researchers at Delphi Digital, is Curve Finance, a decentralized exchange for stablecoins that focuses on providing on-chain liquidity using advanced bonding curves. CRV/USDT 4-hour chart. Source: TradingView Three reasons why Curve DAO Token (CRV) is attracting the attention of analysts include attractive yields offered to tokenholders who…

Robinhood Files for IPO, Says Dogecoin Is in Demand

Key Takeaways Robinhood’s S-1 document, filed in preparation for its stock offering, was published online by the U.S. SEC today. The document details Robinhood’s IPO plans alongside details concerning stock and crypto trading revenue. Though Robinhood is primarily a stock trading platform, much of its business involves Dogecoin and other cryptocurrencies. Share this article Stock and crypto trading service Robinhood has filed an S-1 in preparation for its upcoming IPO, which was published today on the website of the U.S. Securities and Exchange Commission. IPO Details Revealed Robinhood aims to…

Blockware Mining raises $25 million to triple hash rate from Kentucky facility

Blockware announced Thursday that they have raised $25M in a second oversubscribed fundraising round. They plan to use the funds to expand their bitcoin mining operations in Kentucky, and will also install 8,000 more bitcoin mining rigs on its Paducah campus, where it recently purchased 5 acres of land. The company has already purchased the necessary rigs, and 6,000 more that it has slotted for resale operations to other miners. Funds from previous seed rounds paid for the purchase of all 14,000 rigs. “Currently, only an estimated 10% of the…

1inch to launch dollar-pegged stablecoin with ICHI

Decentralized exchange aggregator 1inch has partnered with the ICHI platform to issue a new stablecoin pegged to the U.S. dollar. In a Thursday announcement, 1inch said it planned to mint a stablecoin “with a blend” of its native 1INCH token and USD Coin (USDC) through ICHI’s Decentralized Monetary Authority, or DMA. The new one1INCH stablecoin — all issuers on ICHI begin with the prefix “one,” referring to its Japanese namesake — is aimed at providing a medium of exchange to pay operating expenses, provide liquidity, and distribute liquidity rewards. “The…

Enjin’s EFI token sale nets $20 million as NFT aspirations grow

A public sale of EFI token on CoinList netted Enjin $20 million in proceeds, setting the stage for a successful launch of a nonfungible token, or NFT, network on Polkadot.  A total of 40,089 users participated in the token sale, which closed in just two-and-a-half hours, Enjin announced Thursday. Over 600,000 users had registered for the sale, making it oversubscribed by 15 times. With the sale, Enjin has now raised $38.9 million in support of Efinity, the Polkadot-based blockchain for the NFT industry. Enjin’s first EFI raise netted the blockchain…

Community Gaming Receives $2.3M in Seed Funding, Led by CoinFund, to Build Automated Esports Tournaments

Share this article Community Gaming has raised a seven-figure sum in a seed funding round. Community Gaming Closes Seed Funding Round Community Gaming, a gaming startup working to automate the organization and payouts of esports tournaments, today announced the completion of a seed round for $2.3 million, led by the blockchain-focused investment firm, CoinFund and major crypto ecosystem players, including Dapper Labs, Animoca Brands, Multicoin Capital, 1kx, Warburg Serres, and Hashed. Venture funds and angels from the gaming scene also contributed, including Kevin Durant’s and Rich Kleiman’s Thirty Five Ventures,…

Bulls and bears fight over $34K Bitcoin price as $445M options expiry looms

Bitcoin (BTC) has been ranging from $30,400 to 36,400 for the last 12 days, and it has been difficult to pinpoint the exact reason for investors’ lack of appetite. Some analysts have pointed to the Grayscale Bitcoin Trust (GBTC) unlocking in mid-July finally giving institutional investors a chance to offload their funds, but this is not likely to be the main reason. Meanwhile, industry leaders have suggested that the “crypto regulatory crackdown” taking shape in the United States is severely impacting investors’ sentiment, and this view is especially problematic considering China has recently…

Facing $70M in fines from regulators, Robinhood files for IPO

Stock and cryptocurrency trading app Robinhood has filed an application with the U.S. Securities and Exchange Commission for an initial public offering. In a Form S-1 registration statement filed Thursday with the SEC, Robinhood said it intended to move forward with an initial public offering for its Class A common stock. If approved, the company said it plans to trade using the ticker “HOOD” on the Nasdaq and raise $100 million in the debut. Robinhood said it would reserve 20% to 35% of the shares for its users. The IPO…