The pseudonymous host of the crypto outlet Coin Bureau is taking a close look at the blockchain-based game and token Axie Infinity (AXS).
The popular researcher, who goes by the simple name Guy, tell his 1.1 million YouTube subscribers the price of AXS will likely move significantly higher before the end of the year, as long as the blockchain-based game sustains its rising rate of adoption.
After months of sideways trade and multiple fakeouts, Bitcoin price is finally showing signs of a bullish breakout. BTC has bounced back and reclaimed $32200 as support after losing it just a week ago. The Fear and Greed Index has also upped the stats from being at 10 last week to 22 now. The week ahead for BTC looks merry for now.
The Central Bank of Colombia has announced its involvement in the first blockchain bond pilot program in the country, with the participation of the Interamerican Development Bank (IDB) and Davivienda, a private commercial bank. The proof of concept will use the Lacchain blockchain platform developed by the IDB, which will handle the operative part of the issuance.
One of the world’s biggest tech and e-commerce conglomerates Amazon (NASDAQ: AMZN) is now looking to delve into the crypto space. In its recent job posting, Amazon is looking to hire a Product Lead executive for Digital Currency and Blockchain.
As central bank digital currencies (CBDCs) advance in testing, a number of countries have taken the lead in an effort to create a CBDC. The enterprise blockchain firm Guardtime recently conducted a survey that shows adults from ten different countries would likely use a CBDC. Nearly two out of three respondents said they would likely use a CBDC after launch and most of the study’s participants believe a major CBDC will be launched within three years.
On July 20，the crypto market started a fresh drop with Bitcoin falling below $30,000. About $100 billion was liquidated amid the red market. The drop in crypto assets came after the recent sell-offs in global stock markets. Fears for a new wave of Covid cases and a grim economic outlook prompted investors to stay away from risk assets.
The Chinese mining crackdown forced many miners to stop their operations and relocate. But another group of miners is planning to pivot to new, more efficient mining schemes to keep operating in the country. Lesser-known tokens and proof-of-stake-based systems are now in the sights of these miners as ways to continue their work away from government oversight.
While serious institutional interest in crypto is perhaps becoming more of an established trend than an emerging narrative, the focus of big-money players is usually on Bitcoin (BTC). However, assets like Ether (ETH) and decentralized finance (DeFi) are beginning to pique the attention of major investors.
Top crypto exchange Coinbase is adding support for three new assets and could be listing 16 other assets.
This month, Coinbase announced that it is enabling trading for web-2.0-to-3.0 bridge Mask Network (MASK), decentralized forum board Rally (RLY) and decentralized finance (DeFi) asset Clover Finance (CLV).
Coinbase Inc., together with certain Coinbase directors and officers as well as venture capital firms that benefited from the company’s April 2021 direct offering, faces a securities class action lawsuit.