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Around $18 million worth of NYCE’s common shares will be tokenized and supported for secondary trading on tZERO’s security token trading platform. tZERO, an alternative trading system for security tokens, has announced a partnership with real estate crowdfunding company, NYCE Group, to tokenize $18 million worth of the firm’s shares. NYCE’s stock will be tZERO’s first new listing since launching its ASPN pairing in August 2020, representing fractionalized ownership in a Colorado ski resort . Announced June 30, tZERO will support secondary trade for NYCE’s tokenized common shares once the real estate company has completed its upcoming Regulation A+ offering, subject to regulatory approval. NYCE’s shares will be tokenized using tZERO’s proprietary smart contract technology. Philip Michael, CEO and co-founder of NYCE, stated: “Through our partnership with the leader in liquidity for digital securities, tZERO, we are excited to provide investors with liquidity optionality.” The rea

Ethereum is trading in a positive zone above the $2,150 support zone the 100 hourly SMA against the US Dollar. ETH price is likely to rally if there is a clear break above $2,300. Ethereum is trading in a positive zone above the $2,100 and $2,150 support levels. The price is now trading above $2,100 and the 100 hourly simple moving average. There is a key bullish trend line forming with support near $2,140 on the hourly chart of ETH/USD (data feed via Kraken). The pair start a fresh rally above $2,300 as long as it is above the $2,000 support zone. Ethereum Price Is Showing Positive Signs After forming a base above $2,000, ethereum started a steady increase . ETH broke the $2,200 resistance zone and it settled nicely above the 100 hourly simple moving average. The price even spiked above the $2,250 resistance level. However, the price seems to be struggling to gain pace above $2,250, similar to bitcoin . A high is formed near $2,285 and ether is now correcting lower. There was

Tether supplies on Ethereum are dwindling as USD Coin demand grows and grows. USDC has grown much faster than Tether (USDT) in 2021 and it is emerging as the dominant stablecoin on Ethereum thanks to its popularity in DeFi according to Messari. Research by the analytics firm revealed that the demand for USD Coin has grown so much that it has consumed a large chunk of Tether’s market share this year. Researcher Ryan Watkins predicted that in the coming weeks, this could result in Tether' share of the stablecoin supply on Ethereum falling below 50%. He added that over half of the total USDC supply now sits in smart contracts, which is equivalent to around $12.5 billion. Citing data from CoinMetrics, Messari estimates that more than 40% of the stablecoin supply on Ethereum is USDC. In coming weeks it is very likely USDT’s share of the stablecoin supply on Ethereum will fall below 50% for the first time. USDC is quickly emerging as the dominant stablecoin on Ethereum in large

Reports suggest that Steve Cohen’s Point72 hedge fund is searching for a “head of crypto” as the firm weighs up its options before entering the crypto market. New York billionaire Steven Cohen’s hedge fund Point72 Asset Management, is reportedly searching for a “head of crypto.” Cohen, the 65-year-old dubbed the “Hedge Fund King”, founded Point72 in 1992 and it has approximately $22.1 billion worth of assets under management. The investor also owns the New York Mets Major League Baseball team. The Street reported it has spoken to sources in the know who claim Point72 is seeking to hire a head of crypto, as the firm gears up to enter the crypto sector. If accurate it fits with other signals emerging from the fund. Cohen recently stated in an interview with macro research firm founder, Jawad Mian, that “I’m fully converted to crypto,” and added that “I have an old saying at the poker table, you got to pay to learn. There’s no way around it. You can talk all you want, but you’ve got

Tracer DAO has raised $4.5 million from the likes Framework Ventures, Maven 11, and Apollo Capital. Decentralized derivatives platform, Tracer DAO, has announced a successful $4.5 million fundraising round to expand its team and product suite. They hope to launch innovative derivatives for “any market with an oracle price feed,” with plans to one day allow ordinary consumers to hedge the cost of commuting and other household bills using tokenized derivatives. This week’s raise saw participation from crypto venture heavyweights, including Framework Ventures, Maven 11, DACM, and Apollo Capital. The investors will share 10% of the project’s governance token supply, which will be vested linearly over two years. Speaking to Cointelegraph, Pat McNab, Tracer DAO founder and co-founder of Mycelium — the Australian development team working to build Tracer DAO — emphasized that the team is currently working to launch v1 of its open-source perpetual swap contracts to Arbitrum mainnet in the

Those that are never gonna give up BTC are still accumulating according to the analyst. Bitcoin technical analyst Willy Woo believes that this is not a bear market because on-chain indicators are signaling a recovery and the asset is still being bought by long-term hodlers. The popular analyst’s comments came in an interview on the “ What Bitcoin Did ” podcast on June 28. Woo stated that he does not believe that Bitcoin is in a typical bear market due to signs of accumulation showing on-chain. Referring to the 1980’s hit song “Never Gonna Give You Up” by British pop artist Rick Astley, Woo stated: “The ‘Rick Astley’ is the holder that keeps buying and never tends to sell much ... And of course Rick was very active over 2021, and then suddenly all the coins moved away from Rick to the weak hands — the speculative traders that buy and sell. Now we’re seeing that cross back into moving to Rick.” He added that we are currently in a speculative phase and those coins that were sold ea

Bitcoin price failed to stay above the key $35,000 support zone against the US Dollar. BTC is declining and it could slide heavily if there is a close below $34,000. Bitcoin started a fresh decline from well above the $36,500 level. The price is now trading near $34,500 and the 100 hourly simple moving average. There was a break below a key bullish trend line with support near $35,750 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to accelerate lower if there is a clear break below the $34,000 support zone. Bitcoin Price is Struggling Bitcoin started a steady increase above the $35,000 resistance level . BTC even broke the $36,000 barrier and the 100 hourly simple moving average. However, it failed to stay above the $36,500 zone. A high was formed near $36,698 and the price recently started a fresh decline. There was a break below the $35,500 and $35,000 support levels. The price broke the 23.6% Fib retracement level of the upward move from

In a company blog post released this week, major crypto exchange Coinbase has shared that it is working on a crypto app store. The app store will be built for third-party developers to help increase access to the “decentralized cryptoeconomy” – culminated by an increasing amount of tools within DeFi, NFTs, smart contracts, DAOs, and more. Coinbase: Embracing Decentralization The blog post , written by CEO Brian Armstrong and titled “Embracing decentralization at Coinbase”, alludes to inspiration from Apple’s Storefront. “Apple didn’t attempt to build every app for the iPhone, it empowered developers and gave mobile users an easy way to access new innovative apps. We need to do the same in crypto,” the post states. The release also states growth opportunities, and the importance of being global as two other pillars around increasing the value-add for Coinbase consumers. “The use cases are here,” claims Armstrong – and rightfully so. Crypto-based assets beyond simple tokens have been

The source code for the World Wide Web has been sold by the inventor for $5.4 million. The inventor of the World Wide Web, Sir Tim Berners-Lee, has sold an NFT of the web's source code for $5.4 million at fine art auction house Sotheby’s . The piece titled ‘This Changed Everything’ includes a time-stamped file of the source code's 9,555 lines, a high-fidelity image, a 30-minute animation of the code being written, along with a letter written by Berners-Lee. While $5.4M is a significant sum, it’s a far cry from the $69 million record set in March for Beeple’s Everydays and less than some observers had predicted. Delphi Digital’s Piers Kicks said he’d been expecting a sale around $10M, noting: Huh, it only fetched $5M. Of course internet memes go for more than this... https://t.co/WHPhNFY1LY — Piers Kicks ️ (@pierskicks) June 30, 2021 According to Berners-Lee, he and his wife will donate the proceeds of the auction to causes supported by the family. In a statement to

“There’s nothing better than building a factory that makes Bitcoin,” said Celsius CEO, Alex Mashinsky. Alex Mashinsky, the CEO of centralized crypto money market Celsius, has revealed that a share of profits from the company's recent $200 million investment into Bitcoin mining infrastructure will be redistributed back to depositors. Speaking to Cointelegraph, Mashinsky stated the firm's mining expansion has added a fifth stream of yield generation for its crypto depositors — alongside lending funds to institutional investors, leveraging DeFi protocols, retail lending, and market making on centralized exchanges. In early June, Celsius announced it had invested more than $200 million into North American Bitcoin mining infrastructure and positions in Core Scientific, Rhodium Enterprises and Luxor Technologies. “A big chunk of our community owns Bitcoin and they want to be paid in Bitcoin,” he said, adding: “So, there's nothing better than building a factory that makes Bi

Ethereum has had a lot of growth in the past year. Growing more than bitcoin and producing more gains. But it is no secret that the market cap of Ethereum is still a long way away from $2 trillion. The market cap of the digital asset currently sits at $248 billion. A $2 trillion market cap prediction might be overly optimistic. But Matthew Sigel does not believe that it is. According to Sigel, Ethereum can reach a $2 trillion market cap in a “blue sky scenario.” The prediction does not come as a surprise given the level of confidence in Ethereum lately. With forecasts even reaching as high as $20,000 per coin in some cases. What’s A Blue Sky Scenario? A blue sky scenario is used in financial markets to represent the best-case scenario for an asset. There are usually three kinds of scenarios in financial markets. The first is the base case. The base case is the most probable scenario for an asset. This is used to represent the most likely outcome for an asset. Usually the most co

The crypto bug is seemingly proving to be having a big bite on the sports industry as Tom Brady joins other sports celebrities pursuing a dream in the blockchain sector. The quarterback of the Super Bowl champs – Tampa Bay – had for weeks indicated his enthusiasm, through several tweets about crypto before declaring his intention now to be a “pioneer” in the industry. The Super Bowl GOAT had for a few days back told the media that he’s a “big believer” in cryptocurrencies . Also, he further disclosed he had acquired some digital coins, which he declined to reveal when asked which ones specifically. Sports Personalities Delving Into Cryptocurrency Sector The announcement has made this sports personality the latest  entrant into the crypto-world. This development is coming a few days after a prominent and controversial former batsman from England – Kevin Petersen – affirmed that he’s “getting closer & closer to joining the #bitcoin world.” Related Reading | Top English Crickete

It's unclear if the shutdowns are due to orders passed down from above or the result of China's announced regulatory crackdown on crypto miners. Reports alleged that cryptocurrency miners in China’s Yunnan province may be out of commission for a day if not longer due to the Chinese Communist Party’s 100th anniversary celebration this week. According to Kevin Zhang, the vice president of mining infrastructure company Foundry Services, all major Bitcoin ( BTC ) mining farms in Yunnan have been shut down as of today. Zhang said he personally knew of at least two crypto mining sites in the southwestern region that had received orders to cut power. The shutdowns are purportedly due to the impending Chinese Communist Party, or CCP, celebrations, which occur every year on July 1. Due to this year’s anniversary being a centennial, authorities seem to have taken stronger measures to ensure less pollution — China ranks as the 14th worst country in terms of air quality — traffic,

Ethereum's EIP-1559 upgrade is fast approaching, but derivatives data shows traders are less than optimistic about ETH's short-term prospects. Derivatives data shows that Ether ( ETH ) traders are feeling less bullish when compared to Bitcoin ( BTC ). Even though the altcoin captured a nearly 200% gain in the first half of 2021 versus Bitcoin's modest 22% price increase, traders seem to be more affected by Ether's recent underperformance. Institutional flow also backs the decreased optimism seen in Ether derivatives, as ETH investment vehicles suffered record outflows this past week while Bitcoin flows began to stabilize. According to data from CoinShares , Ether funds experienced a record outflow of $50 million this past week. Ether (orange) versus Bitcoin (blue) prices. Source: TradingView Take notice of how Ether is underperforming Bitcoin by 16% in June. The London hard fork is scheduled for July, and its core proposal — dubbed as EIP-1559 — will cap Ethere

A panel of expert witnesses and members of congress discussed the risks and rewards of cryptocurrency in committee Wednesday. The U.S. House committee on financial services held a hearing Wednesday for legislators and a panel of witnesses to discuss cryptocurrency regulation in the United States. The subcommittee on oversight and investigations invited expert witnesses to testify before congress on the risks and opportunities of blockchain technology. Rep. Brad Sherman (D-MN), a ranking member of the House Financial Services Committee, was not keen on the idea of investing in cryptocurrency to save for retirement: “Cryptocurrencies are highly volatile, so if one person makes a million dollars and retires at age 45, and nine lose $100,000–– Coinbase makes money, and one millionaire goes on TV and says how wonderful it is, and nine others do not retire with dignity, but instead become eligible for Medicaid.” He also quipped that the California lottery would make a better “bet” tha

The U.S. Congress Oversight and Investigations Subcommittee held a hybrid hearing on Bitcoin and cryptocurrencies. The institution summoned Alexis Goldstein, Director of Financial Policy for the Open Market Institute, Sarah Hammer, Managing Director at the Stevens Center for Innovation in Finance, Peter Van Valkenburgh, Director of Research at Coin Center, and others. Adam Cochran, a partner at Cinneamhain Ventures, made a detailed summary of the event. The members of the Committee made their opening statements with Congressman Tom Emmer defending Bitcoin and the potential of blockchain technology to create more trust and transparency in traditional systems. Similarly, Emmer criticized the lacked clarity on regulation and the danger of U.S. companies leaving to other territories consequently. The representative called for answers on a key topic: the classification of digital assets and whether they will be treated as securities, commodities, or currencies. However, not every memb

Today, June 30 marks the last day of the month, and after around 8PM ET the Bitcoin monthly candle will come to a close. This monthly candle isn’t anywhere as damaging as this past May, which historically was one of the worst on record. However, there’s no denying that this month was also still fairly nasty and has left the market in a state of indecision. Here’s what past moments of indecision say about the current market cycle, and what could come next depending on which side of the trade gains control over the next month in Bitcoin. Stalemate Between Bulls And Bears Results In Sideways Action From the local top to the recent bottom , Bitcoin has collapse by nearly 60% and its only taken three months in full. Q2 2021 is now destined to be the bloodiest on record, with May nearly breaking records for the worst monthly drop ever. Despite the violent drawdown, the cryptocurrency bull market still could very well still be on. The market knows this, so investors and traders are still

As the month of June comes to an end, traders are asking the Magic 8-Ball for answers to the question of where Bitcoin's price will go next. Bitcoin's ( BTC )  whipsaw volatility has been on full display throughout June, leaving traders confused and in search of the latest technical indicator or major news announcement that might provide some hint at which way the price will move.  As the month of June comes toward an end, traders are now focused BTC's on the monthly close to determine if the forward outlook is tilted toward bulls or bears. BTC/USDT 1-month chart. Source: TradingView At the time of writing, Bitcoin price is still 47% away from its all-time high at $64,873 and analysts have a mixed view on whether or not the bullish momentum will return in the short term. Here are three perspectives analysts have in mind as the market prepares to head into the month of July. Bitcoin needs to hold the $34,500 support A survey of crypto Twitter shows that many chart

In addition to trading crypto, Soros Fund Management is said to be in discussion to acquire blockchain-focused firms. Soros Fund Management, the private investment firm of billionaire George Soros, is reportedly trading Bitcoin ( BTC ) as part of a broader exploration of digital assets, according to financial news website TheStreet.  People familiar with the matter told author Michael Bodley that Dawn Fitzpatrick, the chief investment officer for Soros Fund Management, gave the green light to trade Bitcoin and possibly other cryptocurrencies in the last few weeks. Speaking on condition of anonymity, the sources said Fitzpatrick and her team have been exploring cryptocurrencies for some time and that the latest venture is “more than just kicking the tires” on digital assets. A spokesperson for Soros Fund Management was contacted by TheStreet but declined to comment. Fitzpatrick is also reportedly in conversations about acquiring a private stake in leading blockchain-based enterpri