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Daily Crypto News July- Global Crypto ATM installations have increased by 70% in 2021

Tesla’s latest earnings report showed that the firm conducted no digital asset purchases or sales in Q2, but reported an impairment loss of $23 million on its Bitcoin(BTC) holdings. Electric vehicle and clean energy firm, Tesla, has reported $1.14 billion in net income for the second quarter. 

DeFi tokens book double-digit gains after Bitcoin rallies above $39,000

AMP, XVS and RSR price saw strong breakouts after a short squeeze sent Bitcoin price within a hair of the $40,000 level. A renewed sense of optimism has returned to the cryptocurrency ecosystem on July 26 as Bitcoin’s (BTC) recovery above $38,900 has sparked a market-wide rally in the altcoins. 

Ethereum eyes rally to $3K, with 39% ETH price rebound triggering a classic bullish pattern

A falling wedge setup, as well as a rumour of Amazon preparing to accept cryptos, also boosts Ether’s upside appeal. So, it appears, the Ethereum exchange rate is undergoing a bullish breakout confirmed by a high-volumed close above the wedge resistance trendline. The profit-taking target for the current setup is $1,208 above the breakout level, which puts the price en route to $3,257.

Global Crypto ATM installations have increased by 70% in 2021

  • 2021 has seen the installation of over 10,000 new Global crypto ATMs worldwide, with the United States taking the lead. Alongside cryptocurrency’s decade-long adoption drive, the momentum behind the installation of crypto ATMs continues across the globe. Based on Coin ATM Radar’s latest data, crypto ATM installations in 2021 have witnessed a spike of 71.73%.

FTX reduces max leverage from 101x to 20x to encourage ‘responsible trading’

  • Sam Bankman-Fried, the CEO of surging crypto derivatives exchange FTX, has slashed its maximum leverage in a move to promote responsible trading practices. Crypto derivatives exchange FTX has decided to curb risky trading by limiting the leverage available to its users. The reaction from the crypto community was largely positive, with many commenters highlighting the risks associated with high leverage.
  • Will Crypto Adapt To Regulation, or will Regulation Adapt to crypto? Expert respond

1% Deposit Bonus & Withdrawal Fees On Crypto Deposit in BuyUcoin

BuyUcoin giving 1% deposit bonus on crypto and reimbursement of crypto withdrawal fees for Indian user who have funds on banned crypto exchange. In the wake of the recent ban ...
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A Decade in the Making: US SEC Approves 11 Bitcoin ETFs, Igniting Market Enthusiasm

After years of anticipation and regulatory scrutiny, the U.S. Securities and Exchange Commission (SEC) has granted approval to 11 Bitcoin ETFs applications, marking a significant milestone in the cryptocurrency and ...
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Will Bitcoin Price Increase 200% When Bitcoin ETF Is Approved?

Everyone wants to know that bitcoin will Bitcoin Price Increase 200% When Bitcoin ETF Is Approved? We talk about the Bitcoin ETF, an important part in the cryptocurrency space. According ...
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10 Must-Have Features on Bitcoin Staking Site

Crypto has provided many benefits for online gambling, and almost all relevant gambling sites now offer it as a payment method.  With so many gambling sites, players, especially those without ...
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Christmas in the cryptocurrency world arrives early as the pre-holiday crypto market heats up

Happy Cryptomas to all of you! During the bullish state of the crypto market, margin-lending platforms and decentralised exchanges were the most often used DeFi protocols. Bitcoin is Up 167% so ...
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