Devendra's Podcast

Bitcoin Regains Strength, Why Bulls Eye Strong Rally above $40K

Bitcoin(BTC) price started a fresh increase above the $38,500 resistance zone against the US Dollar. BTC even broke $40,000 and it is now correcting gains. Bitcoin gained traction above the $38,500 and $39,500 resistance levels. The price is now trading above $40,000 and the 100 hourly simple moving average.

White House reportedly supports only minor changes to the crypto tax proposal

The crypto community is pushing back against amendments to the crypto provisions of the White House’s infrastructure plan — which seeks to raise $28 billion for infrastructure funding through expanded crypto tax transactions and impose new reporting requirements for crypto “brokers.”

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PancakeSwap and CryptoBlades Boast Most Users Across Defi

CryptoBlades and PancakeSwap are the top two decentralized Applications (dApps) in terms of total users. CryptoBlades currently has over 380,000 users while PancakeSwap comes in second with nearly 267,000 users. The recent rise of NFT gaming has seen CryptoBlades garner huge interest and propel itself to the summit of most used dApps.

Circle Partners With Unstoppable Domains to Simplify Stablecoin Payments

Circle, the global financial technology firm and principal developer of the USD Coin ($USDC), has partnered with Unstoppable Domains, a blockchain domain name provider. The partnership is aimed at introducing simplified usernames for stable coin payments.

Senator introduces bill to enable the use of crypto for payments

An Uruguayan Senator has introduced a bill seeking to “establish a legitimate, legal and safe use in businesses related to the production and commercialization of virtual currencies.” Uruguayan Senator Juan Satori has introduced a draft bill to regulate cryptocurrency and enable businesses to accept crypto payments.

Cardano Founder Dismisses Technical Analysis Suggesting $ADA’s Price Is Set to Plunge

Cardano (ADA) Founder Charles Hoskinson has dismissed technical analysis published by veteran trader Peter Brandt suggesting that the price of ADA could soon plunge after forming a pattern similar to one Litecoin saw in 2018. In technical analysis, a head and shoulders pattern is used to predict a bullish-to-bearish trend reversal.

Google running crypto ads again as new policy goes into effect

Under Google’s new policy that went into effect on August 3, advertisers offering cryptocurrency exchange and wallet services are once again allowed to market their products. Google is running crypto ads again after its updated financial products and services policy went into full effect on August 3.

Upcoming Ethereum catalyst could cause ETH to outperform Bitcoin

Ethereum’s potential, plus the number of applications that run on its blockchain coupled with its lower environmental impact could help it flip its more illustrious counterpart. Dan Morehead, the Chief executive officer of Pantera Capital, an American hedge fund that focuses on crypto investments, has said that Ethereum could outperform Bitcoin in the near future.

Bitcoin outflows from centralized exchanges surge to 100K BTC monthly

Centralized exchanges have experienced their heaviest week of Bitcoin withdrawals since November 2020. Bitcoin outflows from centralized exchanges have surged to their highest level year-to-date, with roughly 40,000 BTC being withdrawn over the past seven days.

After hiking by 120% in 24 hours, is this alt the new ‘Dogecoin’ in town

A new and bizarre influence might be rearing its head these days. A Dogecoin-inspired coin – Dogelon (God bless us all) – has been making headlines for making crazy gains on its daily chart. The altcoin, which yesterday went up by 120%, also recorded a 1015% surge back in May. 

NFT Madness Accelerates on Ethereum After User Purchases 88 Punks for $5,000,000

An anonymous investor purchases 88 rare Non-Fungible token CryptoPunks in one incredible $5.5M foray in Ethereum, firing them into the top 20 CryptoPunk investors. The purchase went through on July 31st, and although it was initially kept under wraps, the scale of the transaction did go on to have a considerable impact.

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Cardano Will Allow Users to Run Smart Contracts Once Hard Fork Occurs

Users will be able to deploy smart contracts once the Cardano hard fork happens. Charles Hoskinson believes most of the upcoming upgrades will happen between August and September this year. ADA is currently priced at $1.37, down from its all-time high of $2.45.

Crypto Market Cap at 6-Week High: Polkadot (DOT) Explodes 16%

The crypto market cap has reached a six-month high at $1.660T as bitcoin and most of the altcoins are deep in green. The bitcoin bulls continued their offensive in the past 24 hours as the asset reached yet another 2-month high of over $42,500. Most alternative coins have outperformed their leader, including ETH, BNB, and DOT, which has jumped by more than 16% in a day. Crypto Market Cap at 6-week High: Polkadot(Dot) Explodes 16%.Stablecoins

USDC and BUSD Are Eating into the Market Share of Tether (USDT)

As the overall cryptocurrency market continues to expand with more user participation, stable coin providers have been competing to gain major market share. As it seems, stable coin Tether (USDT) continues to dominate the market with $61 billion USDT coins floating in the market.