The working day for all cryptocurrencies from the top 10 of the CoinMarketCap resource capitalization rating began with a positive movement. Bitcoin is trading slightly above $ 11 thousand. Chainlink has risen in price most of all – by 3%, its price is now more than $ 15. Bitcoin SV suffered the most during the day, its price fell by 1%. XRP also became cheaper – by 0.8%.
Bitcoin investors discussed the prospects for the movement of the cryptocurrency rate
Not everyone sees the growth prospects of a digital asset in the near future.
According to the creator of one of the most popular technical analysis indicators – John Bollinger, the current decline in the BTC rate has opened up the opportunity for investors to profitably purchase cryptocurrency for a long time.
Indian P2P cryptocurrency market triples despite regulatory uncertainty
In addition to the surge in the Indian P2P market in recent months, the DeFi sector in the country is gaining momentum.
According to data from aggregated Bitcoin (BTC) peer-to-peer trading platforms Paxful and Localbitcoins, weekly trading volumes in India have been growing steadily since April.
New downtrend looming for Chainlink, fundamentals remain strong
The Chainlink price is facing a further downtrend according to technical chart analysts.
As noted by an analyst at Credible Crypto, the LINK price has hit five lower highs since the $ 20 drop, which is a strong bearish sign. According to the analyst, the focus is now on the $ 13.5 to $ 12.9 range, which can serve as support.
Brazilian legislator proposes cryptographic rules for a country that does not
If laws are passed, they will bring long-awaited legal clarity to Brazil’s fully unregulated cryptocurrency.
Senator Soraya Tronica, a member of the Social Liberal Party of Brazil, outlined on Monday the rules for the business of “virtual assets”, custodians and issuers, consumer protection, cryptocurrency taxation, prosecution and industry oversight in Brazil.
Crypto Exchange Coincheck Launches First IEO In Japan
Coincheck announced that it will support the domestic company in launching the country’s first IPO.
The Hash Palette platform, which distributes content such as Japanese graphic novels, anime, and music, is aiming to raise nearly ¥ 1 billion through its token sale on Coincheck, CoinDesk Japan reports.
Minereum Launches Cryptocurrency With Up To 50% Yield
Minereum has released a new crypto-bond allowing investors to earn up to 50% per year on their digital assets.
Launched in April 2017 with an airdrop as the first self-mining smart contract, Minereum allows users to generate new coins without the need for crypto mining hardware, allowing the code to do all the work. In March 2020, the project went through a new airdrop, which featured nearly 1.2 million addresses, and added various new features such as decentralized trading, betting, and Lucky Draw’s provably fair online play.
Police arrested South Korean cryptocurrency exchange Coinbit for allegedly overstating trading volumes
Coinbit has ceased operations amid an ongoing police investigation.
South Korea’s oldest newspaper, Seoul Shinmun, reported this on Wednesday, saying Coinbit offices had been ransacked on charges of fraud. The exchange is accused of using several “ghost accounts” to increase trading volumes.
Vitalik Buterin does not consider the national blockchain network of the PRC a competitor
Ethereum co-founder Vitalik Buterin believes that it will be difficult for the Chinese authorities to achieve the international popularity of their national blockchain network.
Buterin said that for BSN to be internationally approved, project representatives must gain the trust of potential users. In his opinion, what Chinese developers are currently offering is not enough. Vitalik Buterin also drew attention to the high level of centralization of BSN.
New SEC Rules for Accredited Investors Will Make ICOs More Accessible
The new SEC rules for “accredited investors” will allow more people to invest in early token sales.
In accordance with US law, only accredited investors can buy cryptocurrency through token sale and ICO. Meanwhile, the general public can trade any cryptocurrency on the exchange only after the completion of its ICO. In practice, this means that only wealthy investors have access to early investment opportunities.
Crypto Exchange FTX Buys Popular Blockfolio App For $ 150 Million
Fast-growing FTX has acquired portfolio management app Blockfolio for $ 150 million.
FTX acquired Blockfolio for $ 150 million, according to a conversation between Crypto Briefing and CEOs Edward Moncada and Sam Bankman-Freed. The deal is likely to result in the fast-growing exchange adding millions of users to its platform.
FTX buys Blockfolio for $ 150 million