Analysts at US bank JPMorgan foresee staking to become a multi-billion market as environmental concerns come into play for top cryptos like Bitcoin, they wrote in a recent report to clients.
The team, however, pointed out Ethereum’s upcoming ETH 2.0, the shift to a proof-of-stake consensus design (away from the current proof-of-work design), would jumpstart a bigger move to staking-based cryptocurrencies among the general public.
Bitcoin accumulation is rising again after BTC whales dumped nearly 60,000 BTC in the last two weeks. In terms of price, the world’s largest cryptocurrency is still trading near $33,000, down approximately 5% in the last seven days. Crypto analytics and on-chain analysis firm Santiment mentioned that the Bitcoin whales are now holding 48.3% of the total BTC supply. According to the report, BTC addresses with 100 to 10,000 Bitcoin are now holding 9.06 million coins.
DOGE price has been in a strong down trend ever since Elon Musks’ Saturday Night Live appearance. As of now, $0.74 marked the top of DOGE as it has fallen nearly -70% since. From the low set in March of 2020, DOGE rose nearly 65,000% at its peak. This was one of the largest gaining cryptocurrencies in the top 500. With this data, it is not unexpected that DOGE price cut its value by 70% as large pumps are always followed by large dumps.
The list of countries investigating the crypto exchange giant Binance is growing as regulators in Singapore and the Cayman Islands have begun investigating the trading platform.
The past few weeks have seen the exchange come under fire from regulators in the UK, the USA, Japan, and Germany, while earlier this week, British users complained they were having issues using debit cards and fiat on/off ramps in conjunction with the Binance platform, that later confirmed that the problem was solved. Also, the company has stopped offering its services to Ontario-based users.
An augmented reality mobile game titled Million Doge Disco, which will entice players to earn Dogecoin (DOGE) and interactive non-fungible tokens (NFTs) while playing, launches this week.
Gary Lachance, a Canadian Dogecoin millionaire and the co-founder of a global party movement dubbed Decentralized Dance Party (DDP), which has attracted hundreds of thousands of participants worldwide since its launch in 2009, developed the concept for the game and is giving away one million of his personal Dogecoin to players.
XRP has not seen any huge surges since the market sell-off in May. however, it is recovering slowly from its dip and is mostly due for a surge. At the time of writing it is trading at $0.660710 down by 2.8% in the last 24 hours.
Credible Crypto, a prominent cryptocurrency analyst, and well-known XRP bull has predicted that the altcoin price could rise to a new all-time high this cycle like it did in 2017.
xDAO is an innovative DeFi platform which allows anyone to easily create Decentralized Autonomous Organizations – DAOs – for the joint management of crypto assets. The platform is powered by BSC, ensuring low transaction costs, high reliability and sufficient speed.
Bitcoin Cash ABC (BCHA), the embattled cryptocurrency project that has forked away from both Bitcoin and Bitcoin Cash, has rebranded to eCash (XEC).
The project’s re-launch will see it integrate proof-of-stake consensus layer “Avalanche,” introducing staking and greatly increasing the speed of transactions.
Crypto exchange Binance seems to be in deep water facing accusations from regulators worldwide. On Friday, July 2, the Thai Securities and Exchange Commission (SEC) announced that it has filed a criminal complaint against Binance for illegally operating its digital assets business.
Upon investigation, the regulator found that Binance provided crypto trading services “by matching orders or arranging for the counterparties or providing the system or facilitating entry into an agreement or match the order for persons who wish to trade or exchange digital assets”.
AZ Alkmaar is set to become the first professional football club in the Netherlands to pay player salaries in Bitcoin (BTC).
In a statement posted on the club website on Thursday, the Eredivisie side, which finished third in the 2020/2021 Dutch football season announced crypto broker Bitcoin Meester as its exclusive and official cryptocurrency partner until mid-2024.