Issue 23  July 5th 2021

Here Are the Top Four Altcoins To Own This Month, According to Crypto Analyst Michaël van de Poppe

Prominent crypto strategist and trader Michaël van de Poppe is keeping a close watch on four altcoins this month that he says are on the verge of huge breakouts.

In a new video, Van de Poppe tells his 107,000 YouTube subscribers that number one on his list is decentralized finance (DeFi) yield aggregator DFI.money (YFII).

dailyhodl.com  

Ether Price Surges Ahead Of London Hard Fork

According to a recent finding published by the crypto research firm Santiment, Ethereum has now surpassed Bitcoin in daily active addresses. However, with this important milestone passed, scalability discussions gain center stage again.

cryptocoin.news  

Report Shows United States At The Top Spot Among Crypto Ready Countries

Crypto Head recently published a report placing the United States on top of its list of “Crypto ready” countries.

One indication that the country is ready to adopt cryptocurrencies is the whopping number of Bitcoin ATMs presently operating in the U.S.

newsbtc.com  

China Is Not Done Yet With Its Crackdown On Crypto Mining - Researcher

China appears ready to declare victory in its war with crypto miners – and could be prepared to issue a coup de grace in a bid to banish Bitcoin (BTC) mining from its shores once and for all.

Per a report from the Economic Times – republished by the People’s Daily, the mouthpiece of the Chinese state – many miners are taking a “wait-and-see” approach, and are not yet moving abroad to continue their operations.

cryptonews.com  

U.S. Federal Deposit Insurance Corporation seeks more information on crypto assets

The U.S. Federal Deposit Insurance Corporation (FDIC) has issued a request for information and comment on cryptocurrency assets in a bid to learn more about how institutions are currently using crypto assets and how they envisage using them in the future. The FDIC document invited interested parties to submit their comments until July 16, with FDIC preparing to review the submissions thereafter.

coinnounce.com  

$7 million ‘liquidated’ after Bitcoin drops $1,000 in 30 minutes

Bitcoin fell $1,000 this morning in a sudden drop, taking along with the rest of the crypto and racking up $7 million in ‘liquidations,’ data from several sources shows.

‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow capital from exchanges (usually in multiples) to place bigger bets—put up a small collateral amount before placing a trade.

cryptoslate.com  

Bitcoin Cash Payment Processor Evolves Adding URL Shortener, Paypal API Integration

Prompt.cash, a bitcoin cash noncustodial payment processor, is adding a bunch of interesting functionalities. The payment processor now features a URL shortener that allows users to monetize content on any site on the net. Also, Prompt.cash added Paypal API integrations, making it easier for merchants to test Bitcoin Cash payments seamlessly.

bitcoin.com  

Binance: Despite Regulatory Crackdown By 6 Countries, Binance’s Bitcoin (BTC) Holdings Remain Intact

Binance, the world’s largest crypto exchange by trading volumes, has been facing a slew of regulatory hurdles recently. Over the last week, regulators from more than 6 countries have started investigations in Binance citing the exchange doesn’t meet regulatory requirements.

Interestingly, this has had little impact on Bitcoin deposits at the exchange. The Binance Bitcoin reserves still remain above 560K and largely range-bound.

coingape.com  

China crypto ban a ‘huge opportunity for Canada,’ mining group head says

China’s regulatory crackdown on cryptocurrencies continues to alienate major miners. Dubai-based investment company IBC Group reportedly plans to end Bitcoin (BTC) and Ether (ETH) mining operations in China following ban announcements from the different provinces across the country.

cointelegraph.com