Daily News Headlines | Latest Crypto News (20th July) | Cryptoknowmics
Here are the top 5 crypto news for the day!
Let’s dive into the news headlines one by one and see how they’ll be affecting the crypto space as we know it, in the coming days.
The US SEC Further Delays VanEck’s Bitcoin ETF Application
The SEC has delayed its judgment on whether to accept or refuse VanEck’s Bitcoin ETF application yet again. The agency first postponed the decision from April to June. However, a more recent filing dated June 16th indicated that the Commission had not yet concluded.
Polygon Reveals New Division Dedicated to Blockchain Gaming and NFTs
Polygon has announced the launch of a new division focused on blockchain gaming and non-fungible tokens(NFTs), called Polygon Studios. The Ethereum-scaling solution’s newest initiative aims to bridge the gap between Web 2.0 and Web 3.0, while also strengthening its position as the “de-facto platform for Decentralized Play to Earn and Blockchain Gaming.”
Crypto Law is Ready for Debate in Parliament – Turkish Finance Ministry
The Turkish Ministry of Treasury and Finance announced the completion of draught law to create a legal framework for crypto assets in the nation is ready for debate in Parliament. Deputy Minister Şakir Ercan Gül said that the crypto law would be introduced in Turkey’s unicameral legislature, the Grand National Assembly, at the start of the next legislative year in October 2021.
Peter Brandt Suggests Dogecoin is Headed for Further Decline
Veteran trader Peter Brandt has spotted a “double-headed monster” pattern in Dogecoin(DOGE) charts, which he thinks is indicative of an incoming downturn in the meme currency’s price. The chart cited by Brandt in his latest tweet on DOGE reflected the head and shoulders(H&S) pattern, only this time it had two heads. In technical analysis, the H&S pattern normally points to a reversal of an asset’s price from bullish to bearish.
Jack Dorsey, Elon Musk to Feature in a Live Bitcoin Conference
Elon Musk, the CEO of Tesla, is set to feature in a live Bitcoin conference with Square and Twitter CEO Jack Dorsey, as well as Ark Invest founder and CEO Cathie Wood. on the 21st of July. Other speakers at the conference include Square Crypto’s Steve Lee and Conor Okus, OKCoin’s Hong Fang, Chainalysis’ Phillip Gradwell, the MIT Digital Currency Initiative’s Dr. Neha Narula, Blockstream’s Adam Back, and ARK Invest’s Sam Korus.