This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
The BTC has been undergoing a correction for two days already. Generally it is trading at $11,500.
Anchorage has announced that they have raised around $40M in a Series B funding round. A few of the large backers include Visa, Blockchain Capital, and Andreessen Horowitz. Anchorage provides crypto custody services for institutional investors.
Coinbase is involved in deep talks with Aon with an aim of creating a regulated ‘captive’ insurance company to shield its clients from hackings and unexpected loss of funds.
In recent news, Tyler and Cameron Winklevoss have admitted that they might soon join the Libra Association. This is considered as a surprise taking into consideration their previous disagreements with Mark Zuckerberg about the idea behind Facebook.
From around 14:00 UTC on July 10, Bitcoin fell $962 from its previous price in a little over an hour, landing just above the $12,000 psychological support before another wave of sellers dragged it to a peak low of $11,445.
Turkey has revealed its economic roadmap. It has become known that its Central Bank will be working on the development of the country’s national cryptocurrency.
SEC, for the first time ever, approved a $28 million Reg A+ offering for decentralized Internet company Blockstack. The company will begin selling the SEC-approved tokens, essentially an investment vehicle for fundraising, as of today.
Binance users are now able to trade some cryptos on margin, using the exchange’s newly launched trading platform. The new service is paired with the existing cryptocurrency exchange under one platform, labeled Binance 2.0.
Cadence, an ethereum-powered marketplace for commercial debt, has gone live. Also, they announced the closure of their pre-seed round of venture funding in which Coinbase Ventures was one of the backers.
Federal Reserve Chairman Jerome Powell said that Libra raises serious concerns regarding privacy, money laundering, consumer protection, financial stability, adding that the project “cannot go forward” until Facebook’s answers to regulators’ questions.
After incorporating more than 39,000 merchant partners, which now accept five different cryptos as a payment method, Flexa unleashes the SPEDN mobile app for Android, and ambitious plans for the company’s global expansion.
Estonia-based crypto exchange DX.Exchange, announced the launch of a completely new financial instrument called Smart Leverage Tokens or SLT’s. This way the company wants to change the leverage trading in cryptocurrency markets.
U.S. customs seized a ship full of cocaine owned by JPMorgan Asset Management. They declined to comment but everybody remembers how their CEO Jamie Dimon compared Bitcoin with the criminal activity.
Facebook blockchain lead David Marcus sent a letter to U.S. lawmakers in which he addressed multiple questions asked by the government. Facebook says it will respect consumer privacy and is willing to work together with regulators.
Crypto trader, analyst and enthusiastic blogger takes a look at what hides behind the scenes of Binance Coin’s recent growth, sharing what is expected for the 7th highest ranked coin in the future.