Support at $12,000 failed to hold over the weekend, with sentiment now preferring a roughly 40% retracement. Bitcoin (BTC) led major cryptocurrencies on a fresh downward spiral July 1 after markets halted support above $12,000. Market visualization courtesy of Coin360 Data from Coin360 shows bitcoin has lost its grip on the $11,000 mark as of […]
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A new study shows that 30% of known stablecoins are live and operational. Only 66 stablecoins — 30% of total announced tokens — are actually live and operational, according to a study published by the blockchain research group Blockdata on June 26 The remaining 70% are either still in development or have shut down entirely. […]
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Switzerland-based online bank Dukascopy is developing its own Ethereum blockchain-based stablecoin. Switzerland-based online bank Dukascopy is developing its own Ethereum blockchain-based stablecoin, according to the white paper published on June 27 Per the document, Dukascopy intends to issue ERC-20 stablecoins dubbed “Dukascash” pegged to the euro, Swiss franc, and U.S. dollar, and gradually increasing the […]
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Galaxy Digital founder and crypto enthusiast Mike Novogratz has predicted that Bitcoin’s price will stabilize between $10,000 and $14,000. Galaxy Digital founder and crypto enthusiast Mike Novogratz has predicted that Bitcoin’s (BTC) price will stabilize between $10,000 and $14,000, in an interview with CNBC on June 27. Delivering his comments on CNBC’s Squawk Box show, […]
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Cryptocurrency exchanges in Brazil will purportedly be among the first platforms to offer a stablecoin pegged one-to-one with the Brazilian real. Brazilian cryptocurrency exchanges are rolling out support for a stablecoin, according to a report by Cointelegraph Brasil on June 26. Brazilian platforms including PagCripto, Nox Trading, 3xBit, and Bitcambio, are reportedly slated to be […]
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Blockchain interoperability protocol Polkadot has reportedly distributed 500,000 DOT tokens. Blockchain interoperability protocol Polkadot has distributed 500,000 DOT tokens at a price that is unknown, but purportedly in keeping with the firm’s $1.2 billion valuation, technology-focused news outlet The Block reported on June 27. Polkadot’s managing partner Web3 Foundation (W3F) reportedly told The Block that […]
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European Union banks may have an instantaneous payments system in place by 2020. European Union banks could have an instantaneous payments system in place by 2020, Reuters reports on June 26. Per the report, real-time payments have been possible in the eurozone since 2017, but only about half of the banks in the bloc adhered […]
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Binance and digital asset Trust company Paxos have partnered to integrate a new fiat deposit gateway on Binance’s flagship trading platform. The biggest crypto exchange by volume Binance and digital asset Trust company Paxos have integrated a new fiat deposit gateway on Binance’s flagship trading platform. According to a press release published on June 26, […]
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Blockchain startup Waves has introduced an upgrade to its blockchain that enables decentralized applications on the platform. Blockchain startup Waves has introduced an upgrade to its blockchain that enables decentralized applications (dApps) on the platform. The development was announced in a blog post published on June 25. The company has introduced a major update for […]
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Principal Swiss stock exchange SIX has asked the country’s central bank for to issue a stablecoin for settlements. Principal Swiss stock exchange SIX asked the country’s central bank to issue a stablecoin, local media SwissInfo reports on June 26 Per the report, the crypto asset would be used to settle payments on its new digital […]
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