Gelato Network launches ‘G-UNI’ Uniswap v3 management token

While Uniswap’s highly-touted v3 has been racing to the top of TVL charts as of late, the need for active management has kept some retail participants out of their pools — a problem that a new product from the Gelato Network is aiming to fix.  First teased in a community call last week, the Gelato Network has released today the details of their “G-UNI” Uniswap v3 management system. G-UNI aims to perpetually maintain a liquidity range of 5-10% within the current price of an asset pair, with an oracle network…

Crypto IRA integrates Coinbase Custody as trade volumes top $1.5B

Cryptocurrency IRA and 401(k) provider iTrustCapital has integrated Coinbase Custody into its platform, offering retirement planners more robust security for their digital-asset investments.  The integration means iTrustCapital clients will have their assets secured by Coinbase Custody’s cold storage, offering another layer of protection from attacks. Coinbase Custody maintains both SOC1 Type II and SOC2 Type II certifications, which means it undergoes regular financial audits. Assets held with iTrustCapital are also backed by a commercial crime insurance policy valued at $255 million, the company said. The added protection applies immediately to…

The Graph Foundation taps protocol infrastructure developer for $60M grant

The Graph Foundation, the grants program behind the Ethereum (ETH) indexing protocol, has tapped StreamingFast to further the development of its so-called decentralized internet, potentially setting the stage for more real-world use cases of Web 3.0.  StreamingFast will provide The Graph with its infrastructure platform, core IP and API products, as well as access to core developers and other human resources, the companies announced Thursday. In addition to receiving the $60 million grant, StreamingFast will become part of The Graph’s ecosystem and a core component of its long-term infrastructure plans.…

Bitcoin slips below $39K as Fed sends gold to 6-week lows

Bitcoin (BTC) edged closer to $38,000 support on June 17 as comments from the United States Federal Reserve sparked a mass sell-off for gold. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin escapes gold’s fate Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it bounced at $38,400 during Thursday, failing to regain $39,000 in what could shape up to be its anticipated “leg down.” Wednesday’s Fed meeting and subsequent comments from Chair Jerome Powell stopped Bitcoin from drifting higher, taking its toll on progress across cryptocurrency. At the time…

What a 41 minute head start means to crypto traders

When exchange listing news hits the crypto market, there’s often a spike in trading volume and a rapid (if often short-lived) appreciation in the price of the crypto asset. The degree of movement depends on the exchange making the announcement, the liquidity of the token and many other factors — but as has been identified on multiple occasions, a Coinbase or Binance listing often moves markets. Of course, the market participants who react fastest to this kind of news usually secure the best opportunity for delta. So where does the…

PayPal, Salesforce contribute to TRM Labs’ $14M investment round

Blockchain intelligence platform TRM Labs has secured $14 million in Series A funding from venture funds across the crypto and technology sectors, sending a strong signal that major investors are backing digital-asset projects with ever-growing conviction.  The venture capital arms of PayPal and Salesforce contributed to the raise, which was led by Bessemer Venture Partners, a VC with 130 IPOs under its belt. The full list of investors includes Initialized Capital, Jump Capital, Operator Partners, Blockchain Capital and executives from Google-parent Alphabet Inc. Ethan Kuzweil, a partner at Bessemer and…

What to expect from Bitcoin as a legal tender

For much of its life, Bitcoin (BTC) has been viewed mainly as a speculative financial instrument, but El Salvador’s dramatic move in making BTC a legal tender is a reminder that cryptocurrencies can play a role in uplifting the world’s less-well-off citizens. Two surprising facts emerged on the global stage at the start of June: First, 70% of El Salvador’s population do not have bank accounts, and second, remittances — i.e., money sent home from workers abroad — are fueling El Salvador’s economy, accounting for an astonishing 23% of the…

Bitcoin first ‘genuinely new asset class’ in 150 years, says Ric Edelman

Ric Edelman, founder of financial advisory outfit Edelman Financial Engines, described Bitcoin (BTC) and crypto assets as a “completely new and different asset class” that has nothing in common with mainstream staples like stocks, bonds, real estate, oil, or commodities, to mention a few. Speaking to Yahoo Finance on Wednesday, the financial adviser called Bitcoin and crypto “the first genuinely new asset class in about 150 years.” According to Edelman, not since the gold market has there been an innovative asset class like cryptocurrencies. As part of the discussion, Edelman…

Here’s why one analyst says Bitcoin will outperform Ethereum in the short term

In terms of price potential, Bitcoin (BTC) is staring at the possibility of outperforming Ether (ETH) in the short term. So believes David Lifshitz, chief investment officer at ExoAlpha — a Paris-based investment management service — who noted that Bitcoin’s upside potential in the near term is higher than that of Ether’s. He said so after spotting a recent shift in the BTC/ETH ratio. In detail, BTC/ETH compares the trend momentum of Bitcoin and Ether. A lower reading suggests that Bitcoin’s price is rising slower than Ether’s. Conversely, a higher BTC/ETH…

US crypto exchange Kraken eyeing public listing in 2022

Kraken CEO Jesse Powell has revealed that the crypto exchange could go public before the end of 2022. Powell made this known during an interview with Bloomberg TV, stating that the move would be a natural progression for the company in its mission to “bring crypto to the world.” According to Powell, Kraken is currently doing “prep work” towards going public in the next 12 to 18 months. However, the exchange CEO did not give a target valuation for the upcoming float. Earlier in June, Cointelegraph reported that Kraken was…