Market Wrap: Bitcoin Slides Toward $30K, Looks ‘Fragile’ Posted on 2021-07-16 by Patrick Federal Reserve Chairman Jerome Powell testified before the U.S. Senate, about inflation and the possible rollout of a digital dollar. + News
Market Opens Betting That Cardano Won’t Release Smart Contracts by Oct. 1 Posted on 2021-07-16 by Patrick The odds are 63-37 against, according to recent trading levels on Polymarket. + News
PayPal Increases Crypto Payment Limits for US Customers Posted on 2021-07-16 by Patrick The company wants to give its customers “more choice and flexibility” in buying cryptocurrency on its platform. + News
Binance Brazil’s Director Resigns After Six Months Posted on 2021-07-16 by Patrick The executive, who had assumed office in January, said there was a misalignment of expectations and that he made the decision according to his personal values. + News
Why Bitcoin Needs to Defend $30K Posted on 2021-07-16 by Patrick An analysis of trades in the bitcoin options market reveals a crucial price threshold where selling might accelerate. + News
Bipartisan US Bill Would Define Digital Assets, Emerging Technologies Posted on 2021-07-16 by Patrick The reintroduced bill has a Democrat co-sponsor this time, which might help its passage through the House. + News
DeFi Yield Farming Aggregator ApeRocket Suffers $1.26M ‘Flash Loan’ Attack Posted on 2021-07-15 by Patrick The attacks occurred on ApeRocket’s Binance Smart Chain and Polygon networks within a few hours of each other on Wednesday. + News
US State Department Offers to Pay for Cybercrime Tips With Crypto Posted on 2021-07-15 by Patrick It’s part of the White House’s new anti-ransomware push. + News
J.C. Flowers to Buy 30% of LMAX for $300M Posted on 2021-07-15 by Patrick The stake values LMAX, which operates exchanges for forex and crypto trades, at $1 billion. + News
Revolut Valued at $33B in $800M Fundraising Led by Softbank Posted on 2021-07-15 by Patrick The figure is six times Revolut’s $5.5 billion valuation of February 2020. + News