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Showing posts from June 18, 2021

MLB Team Washington Nationals Partners With Terra Blockchain Community, Ballpark Plans to Accept UST

On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
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Ledger Customers Are Being Mailed Fake Wallets to Steal Their Private Seeds

Ledger customers are receiving fake wallets by mail to steal their cryptocurrency. A user in Reddit reported receiving a suspicious package that claimed to be mailed by Ledger. The package included a letter stating the user needed to substitute the current wallet for safety reasons. Ledger has been the source of several leaks of information of customer data. Criminals are presumably using this information to organize these schemes. Scammers Are Mailing Fake Wallets to Ledger Customers Scammers are reportedly mailing fake hardware wallets to Ledger customers to steal their private seeds. According to the statements of a Reddit user, he received a package sent by Ledger with a legit-looking Ledger Nano X. The package also contained a letter that stated their current wallet was compromised. This letter stressed the user needed to replace their current wallet with the new one. It declared: For security purposes, we have sent you a new device you must switch to a new device to stay sa...
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Danske Bank Takes Position on Cryptocurrencies, Will Not Interfere With Crypto Trading

Danske Bank will not block credit cards used in crypto trading, according to its newly announced position on cryptocurrencies. The Danish bank would also accept deposits related to crypto investments, although it follows a cautious approach towards decentralized digital assets. Denmark’s Largest Bank Clarifies Its Stance on Cryptocurrencies Responding to mounting inquiries from customers and other stakeholders, Danske Bank has released an official position on crypto assets. “In recent years, cryptocurrencies such as bitcoin and ethereum have received significant attention from investors and media,” the bank noted, outlining its current stance on crypto trading and investing. Denmark’s largest banking institution recognizes that “cryptocurrencies represent a significant digital innovation in financial services” and praises the “great potentials in the blockchain technology.” At the same time, it continues to maintain “a very cautious approach towards cryptocurrencies.” The bank li...
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Perlin (PERL) price gains 100% as the focus on green energy solutions intensifies

PERL price defied the marketwide downturn with a 100% rally following the release of an environmentally friendly focused platform that provides users with carbon credits. Generating momentum and attracting investor attention can be a challenge during the best of times in the cryptocurrency market and it is an even bigger challenge when the markets are choppy like the entire crypto ecosystem has been the past couple of months.  Despite the recent downturn, Perlin (PERL), which has managed to rally 140% from a low of $0.052 on June 8 to a high of $0.134 on June 18 as its average 24-hour trading volume surged from $3 million to $122 million. PERL/USDT 4-hour chart. Source: TradingView Three reasons for the increase in price and demand for PERL include the release of the PERL.eco registration ledger, the launch of PerlinX on the Binance Smart Chain and attractive staking options allowing token holders to earn a yield on various cryptocurrencies. Tokenizing real-world biologica...
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Goldman Sachs Leverages Crypto Management Firm Galaxy Digital to Swap Bitcoin Futures

Galaxy Digital’s co-president Damien Vanderwilt announced today that his firm has partnered with Goldman Sachs to help provide bitcoin futures products. The partnership marks one of the first occasions where an American multinational investment bank has partnered with a crypto asset service provider. Galaxy Serves as Goldman’s Counterparty for Bitcoin Futures Trading Goldman Sachs is trading bitcoin futures products with Galaxy Digital according to statements made by Galaxy’s co-president Damien Vanderwilt during an interview with CNBC. Galaxy Digital is a financial services and investment management innovator founded by the company’s CEO Mike Novogratz. Vanderwilt explains that Goldman Sachs, the bank with $2.1 trillion assets under management (AUM), may entice other financial incumbents to follow its lead. “There’s a whole dynamic with the major banks that I’ve seen time and time again: safety in numbers,” Vanderwilt explained during his discussion about the subject. “Once one ...
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Hawkish Fed comments push Bitcoin price and stocks lower again

Bitcoin price drops a leg lower and stocks slump after St. Lous Federal Reserve President James Bullard signals that interest rates could rise by the end of this year. Bitcoin ( BTC ) and the wider financial markets faced a new wave of selling on June 18 following comments from James Bullard, the president of the United States Federal Reserve Bank of St. Louis, indicating that he expects the first interest rate increase to happen in late 2022.  Bullard's comments were even more hawkish than Wednesday’s comments from Fed Chair Jerome Powell, who indicated that the rate hikes would come in 2023. Powell's comments triggered a sell-off across financial markets as the U.S. dollar gained strength. U.S. dollar currency index. 4-hour chart. Source: TradingView Data from Cointelegraph Markets Pro and TradingView shows that as the dollar was strengthening, Bitcoin bulls were overwhelmed by sellers, triggering a decline to a daily low at $35,129. BTC/USDT 4-hour chart. Source...
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NASCAR Driver Landon Cassill to Be Paid in Cryptocurrency for the Remainder of the Season

The American professional stock car racing driver, Landon Cassill, has announced he has partnered with the crypto-asset platform Voyager Digital Ltd. in order to get paid in cryptocurrency. Cassill’s announcement notes that the racer will be paid in crypto for the remainder of the 2021 NASCAR Xfinity Series season. Landon Cassill to be Paid in Digital Currencies, JD Motorsports’ No. 4 Chevrolet Will Sport Voyager Branding According to an announcement published on nascar.com, Landon Cassill, the professional stock car racing driver who drives the JD Motorsports’ No. 4 Chevrolet, will be paid in crypto for the rest of the NASCAR season. Cassill is a big supporter of the crypto ecosystem and a friend of Voyager CEO Steve Ehrlich. The partnership will also see the No. 4 Chevy feature a “Voyager paint scheme in Saturday’s Tennessee Lottery 250 at Nashville Superspeedway.” Cassill explained to nascar.com that he checks his “Voyager account probably 100 times a day.” Even though cryptocu...
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Bulls hesitate to buy the dip after Bitcoin price falls close to $35K

Bitcoin’s drop to $35,130 has bulls hesitant to buy the current dip but on-chain data shows long-term holders continue to accumulate. On June 18, Bitcoin ( BTC ) and traditional markets faced another day of downward pressure comments from the United States Federal Reserve about the possibility of raising interest rates sooner than expected has led to a spike in the price of the U.S. dollar at the expense of risk assets and treasury notes.  The Fed doesn’t deserve all the bla, however, as concerns about a further downturn for BTC have been building for weeks with much of the discussion focused on the approaching death-cross and what it means for the future of Bitcoin. Death cross may happen in few days guys...be ready. strong bearish signal. Warning for traders $Btc #Bitcoin pic.twitter.com/RaBVZPKOnZ — Mīss ÇRypTö (@infoNataliya) June 17, 2021 Today's selling pulled Bitcoin price below the crucial $36,000 support, leading traders to forecast $32,500 as the next stop befor...
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Crypto company CEO says the recent crypto boom brought increased adoption

Crypto usage in 2021 differs from the 2017 rally, according to the CEO of StormX. Cryptocurrency has gone through a number of bull and bear cycles since the industry’s inception in 2009. While 2017 saw the crypto industry boom around initial coin offerings and a rising Bitcoin ( BTC ) price, 2020 and 2021 have seen the crypto space expand around decentralized finance (DeFi) and nonfungible tokens (NFTs). This time however, retail and institutional interest in crypto have ushered in greater adoption than ever before, according to one crypto company CEO.  “Cryptocurrencies have been growing steadily in popularity over the years, but 2017 left a bitter taste in a lot of people's mouths when the market took a swift downturn,” StormX CEO Simon Yu said in comments sent to Cointelegraph. “But fast forward to 2021 and it’s clear to see times have changed.” Yu crafted his quotes in response to recent findings from the Financial Conduct Authority, or FCA, of the United Kingdom, which r...
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Crypto-Powered Investing App SimpleFX Launches $50,000 “Euro 2021 Trading Cup”

Are you a crypto trader looking for a fun opportunity to earn more returns or a soccer fan who wants to add some excitement during the Euro Cup? Great news, crypto-powered investing app SimpleFX launches a trading contest with a $50,000 prize pool. The SimpleFX Euro 2021 Trading Cup SimpleFX is an online broker covering crypto, forex, stocks, gold and other assets that has been around since 2014. The platform is designed to be powerful yet very easy-to-use and offers a very quick registration process for cryptocurrency accounts – no KYC is needed just a simple signup with an e-mail. You can invest using bitcoin, ether, tether, Binance Coin or any of the 40 supported cryptocurrencies. Recently SimpleFX announced a promotion that is great incentive to check out the app if you are a crypto trader that doesn’t know it yet. The platform is launching a trading competition called the “Euro 2021 Trading Cup” during the UEFA European Football Championship. The event will feature a $50,000...
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Texas crypto users will soon be able to buy and sell tokens at major supermarket chain

The state is already becoming known for attracting miners and attempting to pass pro-crypto legislation, with Governor Greg Abbott saying he was a "crypto law proposal supporter." Shoppers wanting to cash out their crypto holdings to buy groceries may soon be able to do so at many H-E-B supermarkets in Texas.  According to a Friday report from the Houston Chronicle, crypto ATM firm Coin Cloud is preparing to install machines into 29 H-E-B locations in the Houston area. The ATMs will allow customers to buy and sell more than 30 cryptocurrencies, including Bitcoin ( BTC ), Ether ( ETH ), Dogecoin ( DOGE ), Litecoin ( LTC ), certain DeFi tokens, and U.S. dollar-pegged stablecoins. Coin Cloud CEO and founder Chris McAlary said he expects “retailers will become increasingly aware of the important role digital currency plays in the future.” The crypto ATM company will reportedly set up its 2000th machine at an H-E-B store, allowing customers to make crypto transactions using ...
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Price analysis 6/18: BTC, ETH, BNB, ADA, DOGE, XRP, DOT, UNI, LTC, BCH

Traders expect further downside from Bitcoin and altcoins after BTC dropped below a key support level at $36,000. The U.S. Federal Reserve updated their inflation expectations for this year from 2.4% in March to 3.4% in their latest meeting that concluded on June 16. To tame inflation, the Fed plans to undertake two rate hikes before the end of 2023. This news has boosted the U.S. dollar index DXY to its best level since mid-April. Gold’s price, which generally has an inverse correlation with the dollar, has dropped to a 6-week low. Daily cryptocurrency market performance. Source: Coin360 The U.S. equity markets have also not been spared. The Dow Jones Industrial Average index is on track for its worst weekly performance since January this year. This shows the short-term sentiment has turned bearish and traders are closing their positions to hoard cash. This has also put brakes on Bitcoin’s ( BTC ) recovery. However, Pantera Capital chief executive Dan Morehead said in the ...
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Cointelegraph Consulting: Report pictures a crypto-consumer portrait

While some have doubts when it comes to cryptocurrencies as a form of payment, this survey of active users indicates that they are genuinely impactful reasons for switching to crypto. Bitcoin’s status as legal tender in El Salvador has recently sparked a new round of discussion concernin Bitcoin (BTC) and its role in the world economy. Despite ambiguous reactions from institutions such as JPMorgan and the World Bank , some feel that Bitcoin’s status as a means of payment is now more explicit than ever. Meanwhile, the perception of Bitcoin among retail users is contrasted sharply by institutional uncertainty. A recent study by CryptoRefills, a company which sells vouchers and gift cards in exchange for cryptocurrency, seems to suggest that many users view Bitcoin as a useful way to pay for goods and services, with 66% of survey respondents stating that they view cryptocurrencies as a method of payment. Among the group surveyed, data suggests that Bitcoin is the most popular crypt...
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Out of All the American States Study Shows Hawaii Expressed the Most Crypto Demand This Year

A report published by the independent marketing intelligence company, Miq Digital, explains that Hawaii has seen the most crypto demand of all the states in the U.S., with a 687% increase since 2020. As far as increased cryptocurrency demand since last year, Nevada, California, Florida, and Colorado followed the island state with increases of over 600% as well. Hawaiian Interest in Crypto Skyrockets, Americans Love Dogecoin, Crypto Acceptance Among American Merchants Increases The independent marketing intelligence firm Miq Digital has published a research report on interest in cryptocurrencies across all the American states since 2020. According to the study, demand has increased this year following a similar pattern as the crypto asset market bull run. The firm analyzed search data from sources like Google Trends and found that around 6% of Americans either use or own digital currencies in 2021. “Around 6% of the U.S. population now use or own crypto, and the trend is growing...
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Camarasal Poll Shows Entrepreneurs Are Worried About Bitcoin Law in El Salvador

Camarasal, a well known entrepreneur association in El Salvador, announced the results of a poll made this month. The poll shows almost 100% of Salvadorans worry about the implementation of the bitcoin tender law approved recently. Most criticize the obligatory character of receiving bitcoin payments and don’t expect this move to bring investment to the country. Camarasal Poll Shows Concerns About Bitcoin Tender Law Implementation A quick poll conducted by Camarasal, one of the biggest entrepreneur groups in El Salvador, is showing people have deep concerns about the future application of the Bitcoin Law . The poll got more than 1,600 answers in just four days from entrepreneurs and non-entrepreneurs. Camarasal president Jorge Hasbún stated on the massive participation that: We believe that this excellent response is a reflection of how urgent this issue is for Salvadorans, in the sense of the implications it will have for the family economy on a day-to-day basis. More than 96%...
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