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News
Compound, Filecoin, Litecoin, GRT prices to soar if BTC soars past $31,480
July 03, 2023 02:07 PM AEST| By InvezzCryptocurrencies outperformed key financial assets like stocks and commodities in the first half of the year. Bitcoin, the biggest crypto in the world, more than doubled from its lowest point in December. This rebound led to other major gains among other altcoins like Compound (COMP), The Graph (GRT), Litecoin (LTC), Filecoin (FIL), and Maker (MKR). […] The post Compound, Filecoin, Litecoin, GRT prices to soar if BTC soars past $31,480 appeared first on Invezz.
Compound, Filecoin, Litecoin, GRT prices to soar if BTC blasts past $31,480
July 03, 2023 02:07 PM AEST| By InvezzCryptocurrencies outperformed key financial assets like stocks and commodities in the first half of the year. Bitcoin, the biggest crypto in the world, more than doubled from its lowest point in December. This rebound led to other major gains among other altcoins like Compound (COMP), The Graph (GRT), Litecoin (LTC), Filecoin (FIL), and Maker (MKR). […] The post Compound, Filecoin, Litecoin, GRT prices to soar if BTC blasts past $31,480 appeared first on Invezz.
Chancer prediction as the token sale gains momentum
July 03, 2023 11:48 AM AEST| By InvezzCryptocurrencies had a strong performance in the first half of the year even as the industry came under significant regulation challenges in the industry. Bitcoin soared by more than 90% as it outperformed key assets like the S&P 500 and Nasdaq 100 indices. At the same time, Chancer, a relatively new project, has raised over […] The post Chancer prediction as the token sale gains momentum appeared first on Invezz.
DeFi platform PolyNetwork suspends services following massive hack, CZ comments
July 02, 2023 07:18 PM AEST| By InvezzDecentralized finance (DeFi) platform PolyNetwork has tweeted about its latest hack (which forced it to suspend its services temporarily). The hacker minted billions in altcoins, including Shiba Inu, Binance USD, and Binance Coin, on blockchains such as Heco, Metis, Polygon, and Avalanche. While the PolyNetwork team assesses the damage, CEO Changpeng Zhao has confirmed the […] The post DeFi platform PolyNetwork suspends services following massive hack, CZ comments appeared first on Invezz.
eCash (XEC) price has gone parabolic but something smells fishy
July 01, 2023 04:20 PM AEST| By InvezzeCash (XEC/USD) price has done well in the past three days, becoming the best-performing cryptocurrency this week. The coin has risen in the past three days and is now hovering near its highest level since October last year. In all, it has soared by more than 124% from its lowest point in June. It is […] The post eCash (XEC) price has gone parabolic but something smells fishy appeared first on Invezz.
Bitcoin shudders after SEC says recent Bitcoin ETF filings inadequate
July 01, 2023 04:01 AM AEST| By InvezzThe United States Securities and Exchange Commission (SEC) has said that the spot Bitcoin ETF applications made by asset management giants BlackRock (NYSE: BLK) and Fidelity were confusing and incomplete. The news has caused Bitcoin (BTC) price to sharply drop from a daily high of $31,256.86 to a low of $29,600.28. The price has, however, […] The post Bitcoin shudders after SEC says recent Bitcoin ETF filings inadequate appeared first on Invezz.
Chancer presale hits $436K as investors bet on positive crypto market sentiment
July 01, 2023 01:31 AM AEST| By InvezzChancer’s presale has crossed the $436K threshold to highlight the overall positive crypto market sentiment. The recently launched presale event for the blockchain-based predictive market platform has seen the sale of more than 43.6 million $CHANCER tokens in just a few days. While blockchain technology has demonstrated its ability to upend a variety of industries, […] The post Chancer presale hits $436K as investors bet on positive crypto market sentiment appeared first on Invezz.
Investors grab $1.04M AltSignals tokens as the first presale phase quickly sells out
June 30, 2023 09:34 PM AEST| By InvezzThe first presale phase of AltSignals ($ASI) is nearly approaching its end, with 96.46% sold out. So far, the presale phase has raised $1.041 million, with the price for the token expected to rise by 25% in the next stage. Since opening its presale, $ASI has attracted huge demand, owing to the potential to supercharge […] The post Investors grab $1.04M AltSignals tokens as the first presale phase quickly sells out appeared first on Invezz.
Polygon 2.0 architecture revealed, introduces unified liquidity & unlimited scalability
June 30, 2023 08:18 PM AEST| By InvezzFormerly Matic Network, Polygon has seen attention lately, considering Securities and Exchange Commission clampdowns and platform delisting. Alongside other top alts, the SEC named MATIC as security in ongoing crypto regulation wave. The grouping saw popular trading platforms delisting tokens that failed to meet the regulator’s rules. As invezz.com news revealed, Robinhood delisted Solana, Cardano, […] The post Polygon 2.0 architecture revealed, introduces unified liquidity & unlimited scalability appeared first on Invezz.
Bitcoin’s volatility renders it unsuitable to protect against currency devaluation (yet)
June 30, 2023 07:47 PM AEST| By InvezzBitcoin and volatility: a match made in heaven. Or hell, depending on your viewpoint. For as long as Bitcoin has traded, its price has bounced around violently. With designs on one day becoming a store of value akin to gold, this is obviously a problem. Enthusiasts (and I am one, for the record), can wax […] The post Bitcoin’s volatility renders it unsuitable to protect against currency devaluation (yet) appeared first on Invezz.
UK’s landmark crypto, stablecoin bill signed into law
June 30, 2023 01:37 AM AEST| By InvezzThe UK has officially recognised crypto and stablecoins as regulated activity after King Charles assented to the Financial Services and Markets Bill (FSMB) into law. On June 19, as reported here, the House of Lords – the upper chamber of the UK parliament – approved the FSMB, putting the bill one step away from becoming […] The post UK’s landmark crypto, stablecoin bill signed into law appeared first on Invezz.
Slovakian parliament passes bill lowering crypto taxes
June 29, 2023 11:16 PM AEST| By InvezzThe Slovakian parliament has approved a bill seeking to lower to lower taxes on cryptocurrency income, according to local reports. An amendment to the law passed 112-2 in favour at the third reading. With this approval, a 7% tax rate will apply on gains from sales of crypto held for a year. Per local media, […] The post Slovakian parliament passes bill lowering crypto taxes appeared first on Invezz.
Chancer’s presale on the $400k mark as spot BTC euphoria stirs crypto markets
June 29, 2023 08:21 PM AEST| By InvezzBarely two weeks since launching a presale to usher in blockchain-based predictive markets application, Chancer has raised $399,277 from investors. The token, which goes for $0.01 BUSD, has attracted demand owing to the novel business model centred on peer-to-peer betting. With the price set to increase to $0.011 BUSD in the next presale phase, investors […] The post Chancer’s presale on the $400k mark as spot BTC euphoria stirs crypto markets appeared first on Invezz.
Japan’s financial giant SBI Group lists Shiba Inu on its crypto asset platform
June 29, 2023 07:53 PM AEST| By InvezzIn an official announcement made on June 28, Japan’s major financial services conglomerate, SBI Group, announced that they will “start handling Shiba Inu (SHIB), Dai (DAI), and Cosmos (ATOM)” on its cryptocurrency platform SBI VC Trade. The announcement stated that the financial giant would “start handling sales at the sales office, accumulation service, and coin […] The post Japan’s financial giant SBI Group lists Shiba Inu on its crypto asset platform appeared first on Invezz.
Binance loses key European banking partner amidst regulatory woes
June 29, 2023 07:50 PM AEST| By InvezzThe top trading platform Binance continues to encounter global regulatory challenges. The Securities & Exchange Commission sued the exchange for violating investment laws early in June. You can read more about the firm’s recent developments here. Meanwhile, the latest updates had the exchange losing its European banking partner, PaySafe Solutions, which revealed it would halt […] The post Binance loses key European banking partner amidst regulatory woes appeared first on Invezz.
FTT soars as new FTX CEO says exchange restart possible
June 29, 2023 06:58 PM AEST| By InvezzThe FTX token has jumped to a new multi-month high after John Ray, the new chief executive of FTX, said he’s open to the idea of a fresh reboot for the failed crypto exchange. FTT, which has reacted higher multiple times this year on news of an FTX restart, the so-called FTX 2.0, had a […] The post FTT soars as new FTX CEO says exchange restart possible appeared first on Invezz.
MicroStrategy buys Bitcoin worth $347M to strengthen its crypto holding
June 28, 2023 11:15 PM AEST| By InvezzOn Wednesday, 28 June, MicroStrategy founder Michael Saylor revealed that the renowned firm purchased 12,333 Bitcoin between 29 April and 27 June, spending $347 million. The latest buy saw the company strengthening its crypto holding. MicroStrategy acquired its BTC assets at $28,136 average price. MicroStrategy now has 152,333 Bitcoins, worth more than $4.6B at prevailing […] The post MicroStrategy buys Bitcoin worth $347M to strengthen its crypto holding appeared first on Invezz.
Nevada’s FID places embattled crypto company Prime Trust in receivership
June 28, 2023 08:17 PM AEST| By InvezzNevada’s Financial Institutions Division took over the troubled cryptocurrency company Prime Trust. That came as the latter stared at a substantial deficit, alleging that it lost access to various cryptocurrency wallets in 2021. Prime Trust’s significant deficit Several renowned platforms, including Binance US, previously used Prime Trust as their financial infrastructure provider. Meanwhile, the receivership […] The post Nevada’s FID places embattled crypto company Prime Trust in receivership appeared first on Invezz.
Stablecoin update: Crypto liquidity continues to drain, Tether dominates
June 28, 2023 07:07 PM AEST| By InvezzOne of the most prominent trends in the digital asset space over the last year has been an evaporation of liquidity. On the one hand, price charts may suggest that the picture for crypto is far rosier today than it was in November, when Bitcoin hit $15,500 in the aftermath of the FTX collapse. In […] The post Stablecoin update: Crypto liquidity continues to drain, Tether dominates appeared first on Invezz.
Interview: DeFi & staking – Spool DAO
June 28, 2023 06:29 PM AEST| By InvezzThe area of DeFi has taken a beating since the heyday of 2020 and 2021. Total value locked (TVL) has plummeted 75%, a startling collapse within a sector that had so many excited during the relentless crypto bull run. Many tokens are down over 90% in value, with some projects ceasing to exist entirely. Despite […] The post Interview: DeFi & staking – Spool DAO appeared first on Invezz.
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