Cosmos, Polkadot and Terra Announce a Joint DeFi Protocol with High-Interest Yield

Three blockchain projects have teamed up to develop a Decentralized Finance (DeFi) savings project that allows investors to earn high-interest yields on stablecoin deposits, according to a Monday release. Anchor Savings Protocol Dubbed Anchor, the savings protocol is a joint venture between interoperable, scalable blockchain network Cosmos, decentralized web 3.0 blockchain interoperability network Polkadot, and decentralized stablecoin Terra. Per the announcement, the...

Binance Ordered To Stop Offering Derivatives Trading Products In Brazil

Brazil’s CVM Says no to Binance Futures Trading: In a statement released on Monday, the Comissão de Valores Mobiliários (CVM) — Brazil’s securities regulator — announced the ban on Binance crypto derivatives trading in the country. According to the CVM, Binance is not authorized to offer securities trading in Brazil. For the CVM, crypto derivatives constitute a securities offering regardless of...

Kraken UK Subsidiary Obtains FCA Trading License

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Kraken’s London-based subsidiary, Crypto Facilities, has reportedly become the first firm to get a trading license from the UK regulator, the Financial Conduct Authority (FCA). Kraken’s Crypto Facilities Becomes First in Europe With Trading License According to Financial News on Monday (July 6, 2020), the Multilateral Trading Facility (MTF) license will enable the crypto futures platform to offer its derivatives market...

Over $15M Stolen from US Companies and Converted to Bitcoin May Not Be Recovered, FBI Says

The US Federal Bureau of Investigations (FBI) said that the $15.3 million that a Nigerian scammer stole from two Chicago-based firms might not be recovered because the funds were converted to Bitcoin. Alleged Nigerian Scammer Arrested, But He Apparently Doesn’t Reveal Bitcoin Keys Nigerian media reported that Olalekan Jacob Ponle, nicknamed Woodberry, organized large-scale business email compromise (BEC) schemes. He targeted...

Bitcoin Price Analysis: Bulls Break Critical Level, Next Stop $10,000?

A close above the critical level of $9,300 on today’s daily candle would put the primary cryptocurrency in an excellent position for another retest of the main psychological barrier at $10,000 (but hey, there is some resistance in between!). There is likely to be a lot of intense selling pressure at this point, however, as this particular level has already...

Bitcoin Art: Famous Red Jester Painting Recreated to Reflect QE and Fiat Issues

Pascal Boyart, an artist from France who became popular in the cryptocurrency community through his paintings, has finished yet another mural. This one depicts the famous Red Jester but with a twist to reflect the current problems that riddle the global economy. “Contemplation of the Red Jester” The Bitcoin community’s favorite artist, Pascal Boyart, took it to Twitter today to announce that...

Winds of Change? Ripple (XRP) Records 3-Week High Against Bitcoin (Price Analysis)

XRP saw a sharp 6% price rise over the past 24 hours to bring it to $0.186. Before this, XRP was trading sideways along with the support at $0.175. Against Bitcoin, XRP rebounded from 1900 SAT to reach 2000 SAT. Key Support & Resistance Levels XRP/USD: Support: $0.175, $0.171, $0.157. Resistance: $0.195, $0.20, $0.21. XRP/BTC: Support: 1950 SAT, 1900 SAT, 1890 SAT. Resistance: 2050 SAT, 2100 SAT, 2200...

Currency.com Tokenized Exchange Is Now Licensed In Gibraltar

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Cryptocurrency and tokenized commodity exchange Currency.com has obtained a license permitting it to operate in Gibraltar. News of the license being issued arrives at the perfect time for the Minsk-based trading platform, which is looking to expand into new markets. Currency.com is already licensed by Belarusian authorities, making the Gibraltar license the icing on the cake and the prelude to entering...

TRON Price Analysis: TRX Looking For More Gains After Surging 8% Today

The price jumped to $0.0178, following a 6% growth over the last 24-hours. Against Bitcoin, TRX broke out and slowly gained momentum after staying bearish for five months. TRX/USD: Tron Charges Back At March’s Resistance Key Resistance Levels: $0.0186, $0.0215, $0.023 Key Support Levels: $0.0168, $0.0149, $0.014 TRX/USD. Source: TradingView After establishing a three-weeks low around $0.015, Tron bounced back and started to show...

Last Time Bitcoin’s 10-Day Realized Volatility Was So Low Was Before the Nov-18 Crash To $3200

The popular cryptocurrency data analytics and trade execution service skew outlined an exciting comparison between current realized volatility levels and those before the crash to $3,200 back in November 2018. Bitcoin’s 10-Day Realized volatility at 20% According to information from skew, Bitcoin’s 10-day realized volatility is currently sitting at 20% – a figure that’s historically very low. The company makes an analogy...