Dogecoin Creator Billy Markus Is Auctioning a New NFT

Key Takeaways Dogecoin creator Billy Markus has added a new token to his weekly series of NFTs, titled “Crappy Dogecoin Doodles.” The series has been published since early June; Markus has also created several other more serious NFT items. The NFTs are minted on the Ethereum blockchain, as Dogecoin itself does not have any NFT capabilities. Share this article Dogecoin creator Billy Markus has updated his “Crappy Dogecoin Doodles” by adding a new non-fungible token (NFT) to the collection. Crappy Dogecoin Doodles #5 Today, Markus announced the fifth token in…

Bitcoin price falls under $33K, but on-chain data hints at BTC accumulation

As the pressures placed on the market by China’s cryptocurrency crackdown begin to subside and the Bitcoin (BTC) hashrate starts to show signs of recovery, traders are now focused on how the price will be affected by this week’s unlocking of more than $550 million worth of Grayscale’s GBTC shares. Data from Cointelegraph Markets Pro and TradingView shows that the early morning downtrend in BTC on July 12 continued into the afternoon as the price of BTC dropped below the $33,000 support level after bears took control of the market. BTC/USDT…

Winner spends fortune in crypto on Sotheby’s diamond auction

Art and jewelry brokerage Sotheby’s put a 101.38 carat diamond up for auction, fetching over $10 million in crypto for the rock on July 9.  The diamond “sold for $12.3 million to an anonymous buyer last Friday at Sotheby’s Hong Kong,” MarketWatch reported on Monday. “It’s the most expensive gem ever purchased with cryptocurrency, according to Sotheby’s,” MarketWatch added. News of the crypto-friendly diamond auction surfaced in the latter half of June, with estimates forecasting the diamond to hit prices somewhere in the ballpark of $15 million. Called “The Key…

Binance woes continue as Clear Junction pulls out

Binance has faced a number of regulatory issues in recent weeks. Payments player Clear Junction has suspended activity with Binance after similar moves from Barclays and Santander.  “Clear Junction can confirm that it will no longer be facilitating payments related to Binance,” Clear Junction said in a statement that was tweeted out by Adam Samson of the Financial Times on Monday. “The decision has been made following the Financial Conduct Authority’s recent announcement that Binance is not permitted to undertake any regulatory activity in the UK.” The Financial Conduct Authority, or FCA,…

Why The Next Bitcoin Bear Market Will Be The Worst Yet

Bitcoin price continues to sink, and when it isn’t falling its barely able to move sideways, with “up only” the one direction the cryptocurrency won’t go. Whether or not the crypto market is headed toward another bear market or not is debatable for now, but technical analysis suggests that when the peak of this cycle arrives, it could bring with it the worst bear market in the history of cryptocurrency. Analyzing The Secular Bitcoin Bull Run A secular market is defined as “a market that is driven by forces that could…

Capital International Group purchases 12.2% stake in MicroStrategy

Capital International Group, a $2.3 trillion asset manager headquartered in Los Angeles, has acquired a 12.2% stake in MicroStrategy — making it one of the largest indirect investors in Bitcoin (BTC) on the planet.  According to a filing with the United States Securities and Exchange Commission, or SEC, Capital International Group now holds 953,242 MSTR stock worth roughly $560 million at current prices. Only BlackRock has bigger exposure to the business intelligence firm. The filing, which referred to Capital International Group as CII, read:  CII is deemed to be the…

Bitcoin dips below $33K as shorts spike, trader warns of ‘violent’ BTC price squeeze

Bitcoin (BTC) fell back below $33,000 support on July 12 as a familiar cocktail of low volumes and mounting shorts pressured price action.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Shorters fail to spark a Bitcoin rout Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it hit local lows of $32,880 on Bitstamp.  Just like last week, a build-up of short positions on major exchange Bitfinex cost Bitcoin its range low, sending it back into its last zone of support before a $30,000 retest. BTC/USD lost approximately 2.9% on…

Smart Contract Allows Ethereum Blocks to be Reordered

Key Takeaways A new smart contract allows for Ethereum blocks to be reordered. The contract has sparked debate over the immutability of blockchain technology. Ethermine, the world’s largest Ethereum mining pool, said it will not use the new contract. Share this article A Solidity developer has sparked debate after releasing a smart contract that allows for the reorganization of transactions on the Ethereum blockchain. A Blockchain Reorganization Mechanism The Ethereum network’s immutability has been called into question. A Solidity developer posting under the pseudonym “0xbunnygirl” sparked debate on Twitter this…

Fidelity to hire more crypto hands amid growing institutional interest

Fidelity Digital, the crypto arm of the global asset management giant Fidelity Investments Inc., will reportedly hire more people for its expanding cryptocurrency business. According to Bloomberg on Monday, the company is planning to increase its staff size by about 70% to handle the growing patronage from big-money crypto investors. The increased workforce, numbering at least 100, will reportedly be deployed to locations in Salt Lake City, Boston, and Dublin. As part of the staff headcount expansion Fidelity Digital president Tom Jessop said the company is looking to offer exposure…