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The Tether general counsel has declared an official audit in few months. USDT is a popular stablecoin occupying the third position in global digital assets. As it&#8217;s on blockchain that cybersecurity experts deem unhackable, the majority today trusts its security. Related Reading &#124; Cardano Aims To Facilitate Users With Smart Contracts However, many people in the crypto community have been waiting for a financial audit of the stablecoin. Now, it seems that the ongoing regulatory issues in the crypto industry have galvanized the Tether team into action. As a result, they&#8217;re declaring that an audit will take place soon. Tether Executives Grants Media Interview Another rare incident is an interview in which the Tether CTO Paolo Arduino and Stu Hoegner, the general counsel, participated on CNBC. During the interview, the hosts asked the duo some questions about USDT&#8217;s transparency and backing. In response, the general counsel stated that the team is working to be the first in their sector to get financial audits. The crypto market has just turned bullish as the USDT trades in the green zone &#124; Source: USDTUSD on TradingView.com He also mentioned that the audits would come in months and not years. As for backing, he stated that the stablecoin is backed with reserves. But Hoegner mentioned that some of the reserves are not US dollars. But the reserves are more US dollars plus other cash equivalents, secured l...

NewsBTC

Tether To Conduct An Audit To Negate Claims Concerning Transparency

The largest decentralized exchange (dex) platform, in terms of trade volume, Uniswap has revealed the dex has removed a number of tokens from the platform interface. The community assumes the tokens could be deemed securities by global regulators. Uniswap users can still swap these tokens via accessing specific smart contracts themselves, as the company behind [&#8230;]

Bitcoin.com

Users Criticize Uniswap’s Decision to Remove Over 100 Tokens From Main Interface

A couple of things did not change during this bearish cycle &#8211; The development activity of emerging projects and the fierce competition between existing ones. The market performance of DeFi and market moderators such as Ethereum, Binance Smart Chain, and Polygon has only fueled this animosity. And yet, despite tremendous market downfalls, the on-chain activity [&#8230;]

AMB Crypto

How close really is the battle between Ethereum and Binance Smart Chain

Bitcoin bulls appear to be back, but a strengthening U.S. dollar, a new wave of COVID-19 infections and low trading volumes threaten the current recovery. 

CoinTelegraph

3 reasons why Bitcoin price has not been able to rally back above $40K

Search interest for the meme-inspired cryptocurrency Dogecoin (DOGE) exploded during the cryptocurrency’s massive 10,000% price rally, going from an average of 135,000 monthly searches in April 2020 to 16.5 million in April 2021. Dogecoin was created back in 2013 as a joke. The cryptocurrency’s community is well-known for taking on philanthropic projects, which included helping […]

CryptoGlobe

Dogecoin Search Interest Exploded Ahead of $DOGE’s 10,000% Price Rally

In technical analysis, traders interpret the head and shoulders formation as a strong sign that a trend reversal is in process.

This classic trading pattern signaled that Bitcoin price had hit a top

Stablecoins have been integral to the crypto-industry for the past two bull cycles, with their role in injecting liquidity very understated. Stablecoins&#8217; utility is evident in other aspects of the industry too, with DeFi sharing an interoperable relationship with stable assets. However, the role of these stablecoins changed over the past few months, especially when [&#8230;]

This might just be a win-win situation for Ethereum

While some Salvadorans situated near Playa El Zonte beach like the new bitcoin tender law implemented by Nayib Bukele&#8217;s regime, a number of other citizens dislike the law. This week, regional reports show citizens from El Salvador have taken to the streets to protest the bitcoin tender law. Salvadoran Protestors Say Bitcoin Is &#8216;Too Volatile&#8217; [&#8230;]

Group of Salvadorans Take to the Streets to Protest El Salvador’s New Bitcoin Law

Sydney, Australia The new NFT marketplace NFT STARS has announced the auction of the audio-visual artwork titled &#8220;NFT 256 WORLDS&#8220;. The visual aspect was created by an artistic collective by the name NFT 256, and a famous Russian musician took part in the creation of the original soundtrack for the drop. The auction starts on July [&#8230;]The post Over 100 Creators Under the Name ‘NFT 256’ Present Their Artwork &#8216;NFT256 WORLDS&#8217; for Auction on NFT STARS appeared first on The Daily Hodl.

The Daily Hodl

Over 100 Creators Under the Name ‘NFT 256’ Present Their Artwork ‘NFT256 WORLDS’ for Auction on NFT STARS

Bitcoin and Bitcoin holders sure had a roller coaster ride these past couple of months. Despite a series of FUDs and death crosses, on the back of strong institutional interest, Bitcoin still emerged to be more than just a cryptocurrency and a store of value asset. Bull market or bear market After China &#8220;banned&#8221; mining operations, [&#8230;]

Bitcoin: Why we are still in a bull market

Top crypto analyst and trader Michaël van de Poppe is discussing key Bitcoin (BTC) price levels as the flagship cryptocurrency consolidates above $33,000. In a new video, Van de Poppe says that although Bitcoin appears to be in a slight bullish period, especially in the wake of news that Tesla and SpaceX hold BTC on [&#8230;]The post Bitcoin Bulls Must Hold Key Price Level This Weekend or Bullish Momentum Will Be Lost, According to Top Crypto Analyst appeared first on The Daily Hodl.

Bitcoin Bulls Must Hold Key Price Level This Weekend or Bullish Momentum Will Be Lost, According to Top Crypto Analyst

Software development studio Uniswap Labs (UL) announced the restriction of certain tokens via the app.uniswap.org domain. The company claims to be taking part in &#8220;creating a better&#8221; financial system and has taken the decision after reviewing the regulatory landscape and the actions of other &#8220;DeFi interfaces&#8221;. The token removed from the domain represented a &#8220;very small portion of overall&#8221; trading volume on the platform, UL claims. Amongst the restricted tokens is Gold Tether (XAUt), Grump Cat (GRUMPY), iAAVE, iADA, iBNB, sAPPL, sCOIN, and many more related to options, tokenized stocks, and securities from traditional companies. The software studio clarified that the Uniswap Protocol is a separate entity from the interface accessible via the app.uniswap.org domain. (&#8230;) It provides unrestricted access to anyone with an Internet connection. Similarly, this action has no impact on the Uniswap Interface code, which remains open source, or the many other portals or locally run instances used to access the Uniswap Protocol. The same clarification was made by Hayden Adams, inventor of the protocol, via his Twitter account. After receiving a lot of criticism for their decision, Adams reminded his followers about the difference between Uniswap Interface, the open-source GPL code, app.uniswap.org, the domain, and Uniswap the protocol. Later, he added that true decentralization &#8220;doesn&#8217;t...

Uniswap Labs Limits Access To Certain Tokens, What It Could Mean For The DeFi Sector

In some cases, unusually high tweet volume can signal that an asset is about to soar, but traders should mind the context.

Powered by the people: 3 altcoins whose tweet volume spiked before a strong rally

Bitcoin whales have reportedly accumulated over $3 billion worth of the flagship cryptocurrency over the last three weeks, when its price was ranging close to $30,000 and ultimately dipped below that mark before recovering. That’s according to on-chain analyst Will Clemente, who on social media claimed whales have bought over 96,044 BTC to their assets […]

Bitcoin Whales Accumulated over $3 Billion of $BTC While ‘Buying the Fear’: Analyst

Litecoin, the silver to Bitcoin&#8217;s gold, has seen its own share of ups and downs this year. Not long ago, Litecoin had cemented a position for itself in the market&#8217;s top-10. Over the past few weeks, however, its ranking has dropped significantly. In fact, at the time of writing, LTC was ranked 13th on the [&#8230;]

Here’s how investors can take advantage of Litecoin’s price

On July 21, Bitcoin was trading below the key defense line of $30,000. It was widely believed that this level should be preserved so that Bitcoin could prevent extended losses. Some analysts have warned that after the $30,000 support level, the next strong support sits at around $18,000. However, it would be fair to argue [&#8230;]

ZyCrypto

BTC At $33K – Did “The B Word” Conference Save Bitcoin?

Bitcoin rewards cards are typically only available to crypto traders and customers. Exchanges and companies like Coinbase offer them, but you need to be a client with the trading platform to get your hands on the product. Thus, it is often considered an exclusive tool. However, Upgrade Inc. is now making a crypto rewards credit...The post Upgrade Inc. to Offer BTC Rewards Card to General Public appeared first on Live Bitcoin News.

Live Bitcoin News

Upgrade Inc. to Offer BTC Rewards Card to General Public

DraftKings dominated the traditional headlines in NFTs this week with their newest initiative. Why stop there? Polygon is doubling down on NFT gaming, OpenSea is worth over $1B, and a whole lot more. Let&#8217;s dive in to this week&#8217;s non-fungible token news. This Week&#8217;s Non-Fungible Token News DraftKing&#8217;s Digs Into NFTs Earlier this year, NFL [&#8230;]

Bitcoinist

NFTs In A Nutshell: A Weekly Review

The popular analysts are speculating that it is only a matter of time before Musk comes traipsing back to being bullish on Bitcoin with Tesla’s Bitcoin holdings “underwater.” In February this year, Tesla disclosed a $1.5 billion Bitcoin investment in an SEC filing. According to its earnings release in Q1 of 2021 ending March 31, [&#8230;]

With Tesla’s Holdings Underwater, Market Pundits See Elon Musk Championing Another Bitcoin Bull Run

SpaceX owns BTC, daily Dogecoin volume soared to nearly $1B in Q2, Grayscale eyeing DeFi and ETF: Hodler’s Digest, July 18–24

Ethereum Classic is trending once again after the latest update to its network. The upgrade dubbed &#8220;Magneto&#8221; was first announced on 11 June, with many in the community then expecting a price hike to follow soon. Magneto has now been successfully implemented on the ETC network. As planned, the hard fork was activated at block 13,189,133 [&#8230;]

Ethereum Classic activates ‘Magneto’ hard fork, but should you be wary

According to David Lindberg, the crypto market in the UK is the "worst," and investors should be cautious when trading there.

Crypto Potato

NatWest Executive Warns: The UK Is a Paradise For Crypto Scammers

Blockchain analytics firm Santiment is identifying what it sees as the five Ethereum-based (ERC-20) assets that have recently shown continued strength in terms of address activity. Santiment filters out any low-volume coins and includes only the top 200 cryptocurrencies on CoinMarketCap. The first coin on Santiment&#8217;s list is Small Love Potion (SLP). SLP tokens are [&#8230;]The post Here Are the Five Ethereum Tokens With Strongest Address Activity Right Now, According to Blockchain Analytics Firm Santiment appeared first on The Daily Hodl.

Here Are the Five Ethereum Tokens With Strongest Address Activity Right Now, According to Blockchain Analytics Firm Santiment

Crypto mining hardware manufacturer Bitmain has partnered with Enegix to host Antminer S19 Pro devices in one of the world&#8217;s largest data centers. The facility located in Kazakhstan is designed to accommodate more than 50,000 mining rigs. Bitmain to Work With Mining Facility Operator Enegix Leading mining equipment producer Bitmain has announced a partnership with [&#8230;]

Bitmain to Host Miners in 180-Megawatt Data Center in Kazakhstan

Bulls were reviving the cryptocurrency markets, at press time, to defend major support levels. However, most of the market seemed somewhat directionless. XRP noted a decrease in capital inflows as its price didn&#8217;t exactly move north, while Cardano&#8217;s charts pictured a buy signal. Finally, Zcash registered minor gains on the back of an uptrend. XRP [&#8230;]

XRP, Cardano, Zcash Price Analysis: 24 July

TL;DR Breakdown Coinbase was recently sued over the accusations of misleading people with the &#8220;Dogecoin&#8221; campaign. It has found itself in trouble again concerning the NASDAQ listing of the company back in April. The directors, firms, and everyone who has grasped sweet fruits from Coinbase&#8217;s direct offering materials. Coinbase is a major crypto exchange firm [&#8230;]

Cryptopolitan

NASDAQ listing lands Coinbase in another lawsuit

Cryptocurrencies are on the verge of losing their edge in European countries as members of the EU (European Union) are now looking into banning all anonymous crypto trades. The European Union Is Working on New Crypto Regulations The process is designed to ensure all monetary transactions are safe. The organization is seeking to end all...The post The European Union Is Cracking Down on Anonymous Crypto appeared first on Live Bitcoin News.

The European Union Is Cracking Down on Anonymous Crypto

An internationally recognized law firm has filed a securities class action lawsuit alleging that Coinbase made misleading statements during the crypto exchange’s initial public offering (IPO). Scott+Scott Attorneys at Law LLP filed the lawsuit against Coinbase in the California Northern District Court on Thursday on behalf of Coinbase investor Donald Ramsey, who was named individually [&#8230;]The post Coinbase Facing Securities Lawsuit Alleging Company Made ‘Materially Misleading’ Statements During IPO appeared first on The Daily Hodl.

Coinbase Facing Securities Lawsuit Alleging Company Made ‘Materially Misleading’ Statements During IPO

Bitcoin has faced many challenges before, but it seems that the free market repeatedly creates innovative solutions to these.

Bitcoin Magazine

In A Flash, Bitcoin Can Become The Default Digital Reserve Currency Of The World

After the rollout of the Ethereum Proof-of-Stake blockchain, dubbed “Beacon Chain”, the network has been moving fast to integrate it with the Proof-of-Work blockchain. Vitalik Buterin, the inventor of Ethereum, recently gave a speech at the World Blockchain Conference talking about this process also known as “The Merge”. The network has undergone several updates, implemented [&#8230;]

Ethereum Heads Towards 100K Transactions Per Second? Buterin Talks About Post-Merger Future

A leading convenience and fuel retailer, Circle K, is deploying bitcoin ATMs in its stores across the U.S. and Canada. More than 700 machines operated by Bitcoin Depot have already been installed. &#8220;As one of the world&#8217;s leading convenience and fuel retailers, Circle K is the first major retail chain to deploy bitcoin ATMs within [&#8230;]

Circle K Deploys Bitcoin ATMs in Stores Across US and Canada — Over 700 Machines Already Installed

EQIFI has recently announced that it will be releasing its native token, EQX, along with other DeFi products. EQIFI plans to democratize financial products and make them available to everyone instead of just a select group of investors. The product offerings of EQIFI will help to provide a decentralized finance alternative to traditional financial processes. [&#8230;]

EQIFI Announces Release of Native Token, EQX, And Other DeFi Products

Binance CEO Changpeng Zhao reportedly expects the crypto space to get hit with &#8220;heavy&#8221; regulations. Speaking at the annual blockchain virtual summit REDeFiNE TOMORROW 2021, Changpeng Zhao (CZ) indicates that Binance, which operates the world&#8217;s largest cryptocurrency exchange as well as an ecosystem of blockchain-based platforms and initiatives, such as Binance Academy, Binance Labs, Trust [&#8230;]The post Binance CEO Reportedly Expects ‘Heavy’ Crypto Regulations appeared first on The Daily Hodl.

Binance CEO Reportedly Expects ‘Heavy’ Crypto Regulations

Bitcoin, at press time, was recovering slowly and steadily on the back of a 12.74% uptrend from its lows of $29,583. In fact, it was trading within the same range as the one seen back in January 2021. However, while the crypto&#8217;s price may have taken a turn for the best, is there still something [&#8230;]

You might not know this about the impact of Bitcoin’s short-term holders

After garnering the approval of a supermajority in parliament, El Salvador enacted its Bitcoin Law, essentially becoming the world’s first country to adopt bitcoin as legal tender. The Bitcoin Law was passed just hours after President Nayib Bukele first revealed his intentions to introduce it. The brief time period between Bukele’s surprise announcement and the [&#8230;]

Protests Erupt In El Salvador Over The Government’s Bitcoin Law

TL;DR Breakdown DOGE continues trading below $0.20 resistance. DOGE/USD rejected further upside. Market set for another decline. Dogecoin price analysis indicates bearish momentum to take over as further upside is still rejected around $0.20 resistance. Therefore, we expect DOGE/USD to target the $0.165 support next and try to establish further lows. Cryptocurrency market trades in [&#8230;]

Dogecoin Price Analysis: DOGE attempts to break the $0.20 resistance, set to break lower today?

A series of attacks compromised several Binance Smart Chain (BSC) projects in May. Following PancakeBunny, its three forks projects &#8212; AutoShark, Merlin Labs, and PancakeHunny &#8212; were also attacked using similar techniques. PancakeBunny suffered the most costly attack of the four, which saw nearly $45M in total damages. In this article, Dr. Chiachih Wu, Head of the Amber Group Blockchain Security Team, elaborates on the details behind the attacks on the three copycats. Copycats AutoShark was attacked five days after PancakeBunny, followed by Merlin Labs and PancakeHunny, respectively. The following is an analysis of the problems and possible attack techniques for these three forked projects. In the SharkMinter.mintFor() function, the amount of rewarding SHARK tokens to be minted (i.e., mintShark) is derived from sharkBNBAmount computed by tokenToSharkBNB() in line 1494. However, tokenToSharkBNB() references the current balance of flip, which makes it a vulnerable point. One could assume that the amount of tokens received in line 1492 is equal to the amount of the flip balance. Still, a bad actor could manipulate the flip balance simply by sending in some flip tokens right before the getReward() call and indirectly breaking the logic of tokenToSharkBNB(). In the underlying implementation of tokenToSharkBNB() , there&#8217;s another attack surface. As shown in the above code snippet, _flipToSharkBNBFlip() removes liqui...

BSC Flash Loan Attack: The Three Copycats

Stone Ridge Asset Management, the parent company of New York Digital Investment Group, or NYDIG, has been actively pursuing new investment vehicles for Bitcoin. On Friday, Stone Ridge's open-end mutual fund revealed a new Bitcoin-focused investment strategy. 

$10B asset manager registers new Bitcoin fund with SEC

According to the announcement from IOHK, &#8220;Project Alonzon testnet&#8221; has moved from Blue to White and is making it possible for Cardano to launch smart contracts. IOHK is the development team of the Cardano blockchain. The team made the announcement recently, revealing that the testnet is successful. Related Reading &#124; Anthony Di Lorio To Leave Cryptocurrency Space For Philanthropic Initiatives In their announcement, the development team shared the success of the &#8220;#Alonzon testnet&#8221; fork to a new version, &#8220;#AlonzonWhitenode.&#8221; The announcement also disclosed that the latest version has commenced making blocks immediately. HARD FORK SUCCESSFUL: Delighted to report around 19.44 UTC today we successfully forked the #Alonzo testnet to the new #AlonzoWhite node. The new network is happily making blocks already. 1/5 &#8212; Input Output (@InputOutputHK) July 14, 2021 This new fork is taking the network a step further to launching smart contracts, which will be beneficial for its users. Cardano Testnet Had Limitations The first Cardano testnet may have offered smart contracts, but there were some limitations. The smart contract features it had were only for some people who are core insiders of the blockchain. Related Reading &#124;&#160;Ether EFT Gets Approval From Brazilian Securities Regulator Given the upgrade that the team has announced, the network can now accommodate up to 500 validators, dev...

Cardano Aims To Facilitate Users With Smart Contracts

Continuing a long streak of crypto companies that have gone public, popular trading app Robinhood is the latest digital currency enterprise to announce an IPO (initial public offering). The company is alleging that it will garner as much as $2 billion in new funds from the event it is planning to hold in the next...The post Crypto App Robinhood Announces Plans to Go Public appeared first on Live Bitcoin News.

Crypto App Robinhood Announces Plans to Go Public

After a period of intense volatility, the crypto-market rallied briefly followed by a period of consolidation. The broader crypto-market remained indecisive, however, and the industry’s altcoins underlined the same. Despite noting considerable gains, Tron was trading in the red, at press time. It might go on a downtrend if the price doesn&#8217;t shoot up over [&#8230;]

Ethereum, TRON, VeChain Price Analysis: 24 July

The “total amount of coins transferred on chain,” metric is equivalent to 70% of the United States Gross Domestic Product.

Bitcoin Transfer Volume Now Exceeds $15.8 Trillion

TL;DR Breakdown In the conference held on Wednesday, people expected a debate on Bitcoin&#8217;s existence. From scaling to a unique value proposition, Cathie wood seemed to know everything about Bitcoin. Elon seems to have lost his magic touch with crypto as Cathie Wood&#8217;s statements have stormed the internet. When a conference was announced that would [&#8230;]

Cathie Wood attracts attention with her statement in B-conference

TL;DR Breakdown Decentralized exchange, Uniswap, has delisted Tether Gold and stock tokens. The exchange cited regulatory concerns, which left people wondering about its &#8220;decentralized&#8221; property. Based on Ethereum, Uniswap is known to be one of the largest decentralized trading platforms. However, its “decentralized” status is now questioned by crypto users after it decided to delist [&#8230;]

Fear lingers as Uniswap delists stock tokens amid regulatory uncertainty

Binance's peers are distancing themselves from the company, as regulators circle overhead.

Decrypt

Behind the Breakup of FTX and Binance

Chainlink, the market&#8217;s 15th largest cryptocurrency, has had a pretty decent week so far. At press time, the altcoin was trading at $16.82, up by 4% on both the daily and weekly windows. Now, while the crypto&#8217;s price may be rallying, what does the alt&#8217;s on-chain sentiment imply? Will Chainlink be able to sustain its [&#8230;]

Chainlink’s rally can go on if only…

Blockchain-based projects received upwards of $4B in VC funding in the second quarter of 2021 alone.

Blockchain Startups Raised over $4 Billion in VC Funding in Q2 2021

Litecoin whales holding 1k to 100k LTC have increased their holdings by 270k in the month of July Unique addresses on the Litecoin network have also grown by 47.5% in the last 10 days Litecoin&#8217;s on-chain metrics are bullish. However, LTC&#8217;s fate is tied to Bitcoin&#8217;s Litecoin has pushed above a descending triangle that had formed since mid-May The 50-day moving average is Litecoin&#8217;s next target if the current bullish momentum is maintained Litecoin whales holding 1k to 100k coins [&#8230;]

Ethereum World News

Litecoin Whales Have Increased Their Holdings by 270k LTC in July

For Ethereum and Bitcoin, things are looking up for now.

Bitcoin Climbs 15% After Midweek Crash

DOOR rewards over $500,000 in DOOR Coin to launch an app that connects Consumers directly with Advertisers and disrupt a 500B online ad market. DOOR has launched its decentralized app that connects consumers who are looking for specific products and services directly with Advertisers. Built using cryptocurrency, DOOR rewards consumers for opting into the program [&#8230;]

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