Month: July 2021
Top Articles from Palak
Bitcoin News
Bitcoin News

Kyrgyzstan’s mining farm in private residence Raided; 118 BTC mining machines seized

A large illegal mining field hidden in private residential space was found in Central Asia’s Kyrgyzstan. Kyrgyz National Security Commission has raided the residence and confiscated 118 Bitcoin Mining machines hooked to the already diminishing energy resources of the nation. The large-scale BTC mining operation has caused “great damage” to Kyrgyzstan’s power grid according to

A large illegal mining field hidden in private residential space was found in Central Asia’s Kyrgyzstan. Kyrgyz National Security Commission has raided the residence and confiscated 118 Bitcoin Mining machines hooked to the already diminishing energy resources of the nation. The large-scale BTC mining operation has caused “great damage” to Kyrgyzstan’s power grid according to

Bitcoin News
Bitcoin News

Peter Schiff calls MicroStrategy’s Saylor “mad” for trying to Pump Bitcoin

Peter Schiff, the CEO of Euro Pacific Capital and a known gold enthusiast has taken to Twitter against MicroStrategy’s CEO, Michael Saylor’s stance. Schiff mocked Saylor on his recent comment about holding BTC “forever”. Peter Schiff calls Saylor “mad” and argues that BTC has no value, so even if Saylor takes it with him to

Peter Schiff, the CEO of Euro Pacific Capital and a known gold enthusiast has taken to Twitter against MicroStrategy’s CEO, Michael Saylor’s stance. Schiff mocked Saylor on his recent comment about holding BTC “forever”. Peter Schiff calls Saylor “mad” and argues that BTC has no value, so even if Saylor takes it with him to

ethereum
Altcoin News
ethereum
Altcoin News

Bitstamp CEO is “Blown Away” by the Rising Ether Staking Demand

The amount of Ether staked in ETH 2.0 contracts has reached 6,467,650 estimated to be worth $15.9 billion. As the days of ETH 2.0 main net integration close near, the interest of traders for staking ETH is also rising. Several crypto exchanges have started offering Ether staking services in light of growing demand. Bitstamp has

The amount of Ether staked in ETH 2.0 contracts has reached 6,467,650 estimated to be worth $15.9 billion. As the days of ETH 2.0 main net integration close near, the interest of traders for staking ETH is also rising. Several crypto exchanges have started offering Ether staking services in light of growing demand. Bitstamp has

Bitcoin News
Bitcoin News

Moody’s downgrades El Salvador’s long-term foreign currency issuer rating, and it has a Bitcoin connection

Moody’s, a popular financial credit rating business has downgraded El Salvador’s long-term foreign-currency issuer and senior unsecured ratings to Caa1 from B3. The rating group also lowered El Salvador’s foreign-currency country ceiling to B2 from B1. It said the current outlook remains negative towards the small Central American nation. Moody’s cited two key reasons for

Moody’s, a popular financial credit rating business has downgraded El Salvador’s long-term foreign-currency issuer and senior unsecured ratings to Caa1 from B3. The rating group also lowered El Salvador’s foreign-currency country ceiling to B2 from B1. It said the current outlook remains negative towards the small Central American nation. Moody’s cited two key reasons for

News
News

Central Bank of China to Continue Crypto Crackdown in the Second Half of 2021

The People’s Bank of China has come to decisions about the ongoing crypto crackdown in the nation during the second half of 2021. In a conference yesterday, a consensus was reached to “maintain” high pressure on digital currency trading in China, by encouraging and enabling trade and exchange platforms to adhere to regulatory requirements and

The People’s Bank of China has come to decisions about the ongoing crypto crackdown in the nation during the second half of 2021. In a conference yesterday, a consensus was reached to “maintain” high pressure on digital currency trading in China, by encouraging and enabling trade and exchange platforms to adhere to regulatory requirements and

Phemex Olympics
Press Release
Phemex Olympics
Press Release

The Phemex Olympics Trading Competition

With the start of the Tokyo Olympics, people worldwide are excited to see which country sets a new record in the end. But crypto enthusiasts and traders at Phemex also have a reason to celebrate the global phenomena of the Tokyo Olympics. Phemex has announced launching “The Phemex Olympics.” Phemex aims to bring together all

With the start of the Tokyo Olympics, people worldwide are excited to see which country sets a new record in the end. But crypto enthusiasts and traders at Phemex also have a reason to celebrate the global phenomena of the Tokyo Olympics. Phemex has announced launching “The Phemex Olympics.” Phemex aims to bring together all

Bitcoin News
Bitcoin News

Bitcoin (BTC) Closes 10 Daily-Green Candles in a Row After 4 Years, Price Soars to $42K

Bitcoin’s (BTC) price soared above $42K earlier today for the first time in a month as the top cryptocurrency looks to move out of a two-month-long bearish phase. The price rise saw BTC record a new monthly high of $42,235 before retracing below $42K. The next resistance lies at $45K and if BTC manages to

Bitcoin’s (BTC) price soared above $42K earlier today for the first time in a month as the top cryptocurrency looks to move out of a two-month-long bearish phase. The price rise saw BTC record a new monthly high of $42,235 before retracing below $42K. The next resistance lies at $45K and if BTC manages to

Bitcoin-vs-Gold
Bitcoin News
Bitcoin-vs-Gold
Bitcoin News

MicroStrategy’s Michael Saylor Defends the Massive $2.2 Billion Bitcoin (BTC) Debt

On Thursday, July 29, business intelligence firm MicroStrategy revealed its second quarter results for 2021 declaring over $600 million with impairment losses with its bitcoin holdings. But company CEO and Bitcoin evangelist Michael Saylor continues to remain ultra-bullish on the future of Bitcoin. Saylor noted that buying Bitcoin right now is similar to buying Bitcoin

On Thursday, July 29, business intelligence firm MicroStrategy revealed its second quarter results for 2021 declaring over $600 million with impairment losses with its bitcoin holdings. But company CEO and Bitcoin evangelist Michael Saylor continues to remain ultra-bullish on the future of Bitcoin. Saylor noted that buying Bitcoin right now is similar to buying Bitcoin

Bitcoin News
Bitcoin News

Bitcoin (BTC) Shoots $42,000 As $45 Billion Asset Manager GoldenTree Starts Buying

Institutional inflows in Bitcoin (BTC) continue to grow at a faster rate. Just two days after banking giant State Street announced its crypto services, another $40+ billion asset manager GoldenTree has announced its investment in the world’s largest cryptocurrency. As a result, the Bitcoin (BTC) price is up 5% today shooting all the way to

Institutional inflows in Bitcoin (BTC) continue to grow at a faster rate. Just two days after banking giant State Street announced its crypto services, another $40+ billion asset manager GoldenTree has announced its investment in the world’s largest cryptocurrency. As a result, the Bitcoin (BTC) price is up 5% today shooting all the way to

Press Release
Press Release

Binance.com fully integrates Polygon Mainnet for Deposits and Withdrawalspoly

Singapore, Singapore, 30th July, 2021, Binance, the world’s largest cryptocurrency exchange, has completed the Polygon (MATIC) mainnet token integration. Users are now able to deposit and withdraw MATIC as they see fit and utilize top DeFi bluechip Dapps including Sushiswap, Curve, Aave, Balancer at a low cost without using the Polygon Ethereum Matic bridge.  With

Singapore, Singapore, 30th July, 2021, Binance, the world’s largest cryptocurrency exchange, has completed the Polygon (MATIC) mainnet token integration. Users are now able to deposit and withdraw MATIC as they see fit and utilize top DeFi bluechip Dapps including Sushiswap, Curve, Aave, Balancer at a low cost without using the Polygon Ethereum Matic bridge.  With

Blockchain News
Blockchain News

Just-in: Binance.US CEO reveals the exchange has no immediate IPO plans

Binance.US CEO, Brian Brooks revealed in a recent interview, that the exchange has no plans of opting for a public listing anytime soon. Instead, he emphasized Binance.US is in process of closing a private funding round with “impressive” investor portfolios. Brooks brought up the discussion about the first venture financing round while differentiating Binance.US from

Binance.US CEO, Brian Brooks revealed in a recent interview, that the exchange has no plans of opting for a public listing anytime soon. Instead, he emphasized Binance.US is in process of closing a private funding round with “impressive” investor portfolios. Brooks brought up the discussion about the first venture financing round while differentiating Binance.US from

litecoin
Price Analysis
litecoin
Price Analysis

Litecoin Price Analysis: Litecoin Rides Ascending Channel As Bulls Try Major Resistance

LTC has risen nearly 40% off lows set last week 200MA has finally held as support RSI sits coiled in bull flag Litecoin has been fairly slow the past few months as the overall cryptocurrency market has lost steam. Litecoin was one of the first cryptocurrencies and it has since stayed in the top 20.

LTC has risen nearly 40% off lows set last week 200MA has finally held as support RSI sits coiled in bull flag Litecoin has been fairly slow the past few months as the overall cryptocurrency market has lost steam. Litecoin was one of the first cryptocurrencies and it has since stayed in the top 20.

Press Release
Press Release

XinFin Partners with Guarda Wallet and Simplex to Provide Easy Fiat Onramp for XDC

Tel Aviv, Israel, 30th July, 2021, Guarda Wallet, with its Simplex-powered fiat onramp functionality, has added instant buy support for XinFin’s XDC token, allowing the wallet’s users to instantly buy XDC with debit and credit cards, Apple Pay or global bank deposits. The integration is an important piece for adoption of the XDC Network hybrid

Tel Aviv, Israel, 30th July, 2021, Guarda Wallet, with its Simplex-powered fiat onramp functionality, has added instant buy support for XinFin’s XDC token, allowing the wallet’s users to instantly buy XDC with debit and credit cards, Apple Pay or global bank deposits. The integration is an important piece for adoption of the XDC Network hybrid

Price Analysis
Price Analysis

Solana [SOL] Price Analysis: Solana Aims To Smash Through Multi Month Trend

SOL experienced a near 18% push over the last day Price has touched a 2 month long trend SOL is attempting to hold 200MA Solana is trying to pull itself out of the trench it fell into the last 2 months. Prices are up nearly 50% after a short term bottom was set last week.

SOL experienced a near 18% push over the last day Price has touched a 2 month long trend SOL is attempting to hold 200MA Solana is trying to pull itself out of the trench it fell into the last 2 months. Prices are up nearly 50% after a short term bottom was set last week.

Microstrategy
Bitcoin News
Microstrategy
Bitcoin News

MicroStrategy reveals nearly $690 million in impairment losses on BTC holdings

The Business intelligence organization, MicroStrategy has shared its second-quarter financial results for 2021 that revealed impairment losses of $689.6 million from its Bitcoin holdings. The Fortune 500 company holds $2.051 billion worth of BTC bought at an average price of $19,159 per bitcoin till June 30, 2021. The losses are mainly because the price at

The Business intelligence organization, MicroStrategy has shared its second-quarter financial results for 2021 that revealed impairment losses of $689.6 million from its Bitcoin holdings. The Fortune 500 company holds $2.051 billion worth of BTC bought at an average price of $19,159 per bitcoin till June 30, 2021. The losses are mainly because the price at

1xbit nft olympics 2020
Press Release
1xbit nft olympics 2020
Press Release

Olympics 2020: NFTs Second Drop is Out with 50 New NFT Pins Available

30th July, Limassol, Cyprus — The second drop of NFTs dedicated to the Summer Olympics 2020 has already kicked off, coming 5 days after the first drop. The second drop features 50 different digital pin designs, each with numbers 1 to 1,664. All of the designs feature the Tokyo 2020 Olympics Mascot in different poses

30th July, Limassol, Cyprus — The second drop of NFTs dedicated to the Summer Olympics 2020 has already kicked off, coming 5 days after the first drop. The second drop features 50 different digital pin designs, each with numbers 1 to 1,664. All of the designs feature the Tokyo 2020 Olympics Mascot in different poses

News
News

US Crypto Traders are Bypassing Foreign Exchange Ban to Trade Derivatives: Research

US regulators have banned foreign crypto exchanges to offer their service to US customers without getting regulatory clearance. However, the ban on foreign exchanges has done little to nothing in terms of US traders accessing these foreign crypto exchanges. A recent research report from Inca Digital has shown thousands of US crypto traders bypass the

US regulators have banned foreign crypto exchanges to offer their service to US customers without getting regulatory clearance. However, the ban on foreign exchanges has done little to nothing in terms of US traders accessing these foreign crypto exchanges. A recent research report from Inca Digital has shown thousands of US crypto traders bypass the

tuum x mission 89
Press Release
tuum x mission 89
Press Release

Tuum Technologies Team Up with Mission 89 to Help Fight Sports-Related Child Trafficking with Elastos’ Decentralized Identity

July 30, 2021 — Elastos, a Web3 and blockchain ecosystem spearheading data ownership and privacy with decentralized identity (DID), and software house Tuum Technologies are partnering with Mission 89, a renowned Geneva-based organization that aims to mitigate child trafficking in sports so as to both protect victims via the use of decentralized identity technology and

July 30, 2021 — Elastos, a Web3 and blockchain ecosystem spearheading data ownership and privacy with decentralized identity (DID), and software house Tuum Technologies are partnering with Mission 89, a renowned Geneva-based organization that aims to mitigate child trafficking in sports so as to both protect victims via the use of decentralized identity technology and

blog
blog

Where luxury, NFTs, and Bitcoin meet

The major goal of every business is to make a profit and add value to customers. Jewelry brands can achieve these two things by integrating fashion with quality and modern technology. The crypto space offers luxurious jewelry brands a better platform for this integration via tokenization. It gives brands access to special pricing methods, to

The major goal of every business is to make a profit and add value to customers. Jewelry brands can achieve these two things by integrating fashion with quality and modern technology. The crypto space offers luxurious jewelry brands a better platform for this integration via tokenization. It gives brands access to special pricing methods, to

News
News

Binance announces closure of all Futures and Derivative services across Europe

Binance announced it would shut down all Futures and Derivatives operations throughout Europe. Additionally, Binance exchange users in the Netherlands, Germany, and Italy can no longer open new futures trading accounts, effective immediately. The crypto exchange has stated that the users will have 90 days, starting from the day of the announcement to withdraw their

Binance announced it would shut down all Futures and Derivatives operations throughout Europe. Additionally, Binance exchange users in the Netherlands, Germany, and Italy can no longer open new futures trading accounts, effective immediately. The crypto exchange has stated that the users will have 90 days, starting from the day of the announcement to withdraw their