Triple-digit gains make Dogecoin and Ethereum Classic the top performers of Q2

In early 2021 Bitcoin and Ether price was the center of attention as each asset seemed to hit a new all-time high every 24-hours and traders called for $100,000 BTC and $5,000 ETH. Fast forward to the present and both assets are still more than 40% down from their all-time highs and the bulls calling for unbelievable price targets are nowhere to be found.     A recent report from CoinMetrics reviewed the performance of Bitcoin and altcoins during Q2 2021 and the analysts found that even with the sharp May…

SEC Places $200,000 Fine on ICO Site Coinschedule

Share this article The U.S. Securities and Exchange Commission has placed a fine on the ICO rating site Coinschedule, according to a news release. Coinschedule Took Money for Listings Between 2016 and 2019, Coinschedule was an active website. It listed and rated new cryptocurrencies or Initial Coin Offerings (ICOs). The SEC suggests that Coinschedule misrepresented its relationship with the issuers of those ICOs. Though Coinschedule’s ICO listings and trust scores were seemingly determined by its own proprietary algorithm, ICO issuers allegedly paid for those listings. According to the SEC, Coinschedule did…

Fed Chair says stablecoins need stricter regulation, speaks on CBDC

Fed Chairman Jerome Powell told the House of Representatives today that stablecoins should face stricter regulations similar to money market funds or bank deposits.  Powell was asked specifically about Tether, currently the most valuable stablecoin, by Rep. Anthony Gonzalez (R-OH). Tether claimed each coin was backed by a dollar, but that has been proven false; rather it is backed mostly by commercial paper or debts. Powell said most of the time those assets are very liquid, but during the recent financial crisis that wasn’t the case. He explained: “The market…

SEC delays decision on Wisdom Tree Bitcoin ETF

On July 13, the Securities and Exchange Commission, or SEC, pushed back its decision on Wisdom Tree’s Bitcoin ETF with a request for public feedback. This request will allow members of the public to communicate their position on whether the trust should be approved or denied. The SEC’s notice stated: “The Commission requests that interested persons provide written submissions of their views, data and arguments with respect to the issues identified above, as well as any other concerns they may have with the proposal.” Public comments are required to be…

Dolce and Gabbana to launch of an exclusive NFT collection

Fashion and Luxury brand Dolce and Gabbana has announced the launch of an exclusive NFT collection in collaboration with UNXD — a digital marketplace powered by the Polygon Network which hopes to become an exclusive marketplace for digital luxury and culture. The fashion brand’s debut NFT collection will be named Collezione Genesi, or Genesis Collection. Dolce and Gabbana will feature the collection at it’s upcoming shows for Alta Moda, Alta Sartoria, and Alta Goilleria in Venice at the end of August. The collection focuses on the deep-rooted artistic traditions of…

Record low Bitcoin velocity suggests BTC may ‘move to the downside’

In the early hours of July 14, Bitcoin price took a surprise hit to $31,550 before slowly recovering back above $32,900 in the morning session.  The swift drop near the crucial $30,000 resistance raised alarms among bulls and bears and whilst the $30,000 to $32,000 level continues to function as a support level, a recent market update from ByteTree CEO James Bennett paints a mixed picture of what may be in store for BTC. According to analysis from Bennett, the price of Bitcoin has stabilized near the $34,000 level due…

ShapeShift Makes History with Largest Airdrop Ever

Share this article ShapeShift, a popular cryptocurrency exchange, is running an airdrop that will see it distribute tokens and governance rights to its userbase. ShapeShift Runs FOX Airdrop “To align with the ethos of decentralized finance, [we have] begun dissolving our corporate structure, evolving into a community-owned and governed crypto platform,” ShapeShift wrote in a statement. ShapeShift claims that its airdrop is the largest in history, as FOX tokens will be dropped to more than one million addresses. 60% of the token supply has been allocated to ShapeShift users. Additional…

The Fibonacci Sequence And Why $30K Bitcoin Is So Important

Bitcoin price action is still stuck at support, but unable to break it after repeated attempts. Throughout the asset’s history, after any support has been tested so many times, it ultimately breaks. However, the Fibonacci sequence and a key mathematical level could explain why $30,000 is so critical to the cryptocurrency market cycle, and why even though it has been tested again and again, it very well could hold unlike past instances of sideways action. Here’s why. Sideways Stalemate Ready To Break, But Which Way? The crypto market is at…

Global payments brand Skrill expands crypto wallet services

Paysafe, the parent company of online money transfer service Skrill, announced this week that the payment platform has integrated an additional 20 cryptocurrencies into its digital wallet, providing users with another legacy onramp to digital assets.  Beginning this week, customers outside the United States will have access to 35 cryptocurrencies in total, the company said. Crypto buy and sell services are also available in 48 U.S. states and territories. The newly supported cryptocurrencies include major DeFi assets like Aave, Balancer, Curve, Compound, Synthetix, Uniswap and Sushiswap. Polygon and Dogecoin (DOGE)…