Crypto Newsletter

Binance Coin Price Analysis: BNB reaches $500, set for a retracement today?

Binance Coin price analysis is bearish for today as the market rallied more than 15 percent yesterday and set a new swing high at $500. However, since BNB/USD started to consolidate, we assume bulls are exhausted, and a retracement is expected later today.

China court doubles down on crypto FUD. Says sector ‘not protected by law’

A regional high court in China’s Northern Shandong province’s high court said yesterday that crypto trades or investments are not “protected by law,” after reviewing a case involving the asset class, a report on SCMP stated.

‘Mr. White Hat’ shares private key for remaining $141M in stolen Poly Network funds

Via a blog post on Monday, Poly Network confirmed that they had successfully retrieved the remaining 28,953 ETH and 1,032 WBTC, worth about $141 million. This was possible only after the hacker, dubbed “Mr. White Hat,” shared a private key to the multi-signature wallet holding the funds through an on-chain message.

BitConnect promoters agree to pay $3.7 million and 190 BTC in a settlement with the SEC.

The U.S. SEC has entered a settlement with two alleged promoters of the multi-billion dollar BTC scam BitConnect. BitConnect agreed to pay over $3.7 million in disgorgement and prejudgment interest. They are also to forfeit 190 BTC to the regulator, worth $8.9 million at current prices. BitConnect was one of the biggest successes in the world of cryptocurrencies after its ICO.

Bitcoin Price Retreats from $50K! More Downside Imminent for BTC Price

After a brief consolidation of around $48K. Yesterday, BTC rallied as high as $50321. Recording an 82% recovery since hitting a yearly low of $27700. However, the token failed to keep up the bull and is currently on a downtrend.

Riot Blockchain reports 1,540% increase in quarterly revenue from Bitcoin mining

Major publicly-listed Bitcoin mining firm, Riot Blockchain, has reported record revenues for Q2 2021.

35% of crypto buyers say they are influenced by ‘Dogecoin Dad’ Elon Musk

Online casino portal GamblersPick talked to 1,000 US investors about the amount of crypto they own, how they have financed their portfolios and what they choose to forgo in order to maintain their investment.

America Is Behind on Cryptocurrency Adoption: Report

The US has one of the lowest cryptocurrency adoption rates, according to Finder’s global cryptocurrency adoption report, which compares ownership rates across 27 countries.

Vortex DeFi Brings a One-Stop Solution for All DeFi Needs

Vortex DeFi presents a one-stop simplified DeFi Asset Management platform. Harnessing the power of different blockchain ecosystems, it brings together leading protocols and platforms to let honest farmers leverage the maximum potential of their DeFi.

Japanese financial regulator considers tightening crypto regulations.

Japanese financial regulator, the Financial Services Agency (FSA), has started discussions around imposing stricter regulations for cryptocurrencies in an effort to provide better protection to Japanese investors. Earlier, the FSA established a dedicated section and a panel of financial experts to help the government oversee digital and decentralized finance. Japanese financial regulator will also be responsible for keeping track of developments in cryptocurrencies and central bank digital currency (CBDC) initiatives.