Spot Bitcoin prices rallied towards $40,000 over the weekend but hinted at bullish exhaustion as CME Bitcoin futures opened Monday with a $1,500-plus gap. A run-up towards $40,000 in the Bitcoin market risked exhaustion as Chicago Mercantile Exchange’s futures opened on Monday, June 14 with a gap of $1,575, the first since May 17. In …
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A further tightening of cryptocurrency regulation in South Korea is underway, with new rules for banks and crypto exchange operators. New rules announced by South Korea’s Financial Services Commission, or FSC, are expected to affect around 60 unauthorized cryptocurrency exchanges in the country and a new policy for banks will require that they classify any …
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With legal troubles seemingly behind the company, Block.one could set its sights on finally making a significant dent in the crypto and blockchain space. EOSIO developer Block.one says it is focusing on its crypto business mandate after recently settling a class action lawsuit. In a blog post published on Friday, the blockchain software firm announced …
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Dogecoin’s performance this year has been nothing short of phenomenal. The currency has enjoyed massive gains this year and a 12000% increase led to this token reaching an all-time high of $0.73 in April. However, the coin retreated together with other tokens in May. At the time of writing, DOGE was trading at $0.32. Dogecoin …
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PRESS RELEASE. The new initiative extends the Ethereum-based TimeWarp staking programme, which currently offers a yield of 224% APY. TimeWarp, a new DeFi farming opportunity backed by multiple real-world revenue streams, has just launched on Binance Smart Chain after a successful earlier launch on Ethereum. The initiative enables holders to stake TIME, the native token …
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When people think about bitcoin’s past they sometimes refer to subjects like Mt Gox, the Silk Road, or the famous pizza transaction. Although, people often forget that the online virtual world Second Life played an important role during the Bitcoin network’s early years. In fact, some large Linden dollar (L$) holders who swapped their virtual …
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South Africa’s Johannesburg Stock Exchange (JSE) has rejected a request by the asset management firm, Sygnia, to list a new bitcoin exchange-traded fund (ETF). In justifying its rejection of the latest proposal by Sygnia, the JSE cites the “lack of a regulatory framework for cryptocurrencies as the reason.” Unexpected Rejection Meanwhile, a report suggests that …
The Lebanese pound dropped to a new low on Sunday against the greenback trading in the low 1,500s range to the U.S. dollar. Lebanon’s currency has been in a downward spiral since 2019, as the pound has lost 90% of its value since then. Reports note that Lebanese citizens are facing shortfalls on basic goods …
Bitcoin has been experiencing a strong gain in recent weeks after a devastating meltdown in May that made the token lose nearly 50% of its value. Compared to altcoins, bitcoin has been showing overwhelming resistance and looking at its values now, the coin seems to be regaining, and we may be back to the above …
Continue reading “Bitcoin Jumps 12% to $39,338 – Where to buy BTC Bulls”
Musk leaves the door open for Tesla to accept Bitcoin again, sparking a run to near $40,000 — but will it hold? Bitcoin (BTC) starts a new week on a pleasant high thanks to a boost from a familiar source, Elon Musk. Are the good times back? After spending weeks languishing close to $30,000, Bitcoin …
Continue reading “Elon Musk, $40K and no demand: 5 things to watch in Bitcoin this week”
Dutch finance minister Wopke Hoekstra is confident that supervision is more effective than banning crypto outright. A cryptocurrency ban is not the right solution for the Netherlands, the country’s finance minister reportedly said after a local official called for a total ban on crypto. The Netherlands should regulate the cryptocurrency market instead of prohibiting its …
Remittance firms operating in El Salvador appear reluctant to support Bitcoin despite the country’s new law mandating the crypto asset as legal tender. Despite El Salvador’s recently passed law mandating Bitcoin as legal tender, local remittance firms are reportedly hesitant to adopt BTC. Speaking to Reuters, Autonomous Research fintech analyst, Kenneth Suchoski, argued that remittance …
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Tanzania’s president wants the country’s central bank to begin exploring Bitcoin and digital assets. Tanzania appears to be the latest emerging economy poised to embrace Bitcoin and crypto assets. On June 14, Tanzanian president Samia Suluhu Hassan urged the country’s central bank to begin exploring crypto assets. Hassan emphasized the increasing impact of digital assets …
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Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. …
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The director of the Netherlands’ Bureau for Economic Policy Analysis, a part of the country’s Ministry of Economic Affairs and Climate Policy, has predicted “The ultimate collapse of the crypto bubble.” He urges the government to ban bitcoin and other cryptocurrencies immediately. However, the country’s finance minister disagrees that banning cryptocurrency is right for the …
