It will take some time for consumers to warm up to crypto, but education is the key to its mass adoption. From QR code payments to mobile banking apps, consumers worldwide are increasingly reliant on digital payment solutions, especially as mobile technology becomes more ubiquitous. Government-led efforts in driving cashless economies have been a key …
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On-chain data suggests that Bitcoin is staging a recovery like in December 2018 and March 2020. Bitcoin (BTC) is still below a key moving average and that is “not a bullish sign,” says a new report, but signs of a rebound have finally arrived. In its latest market update released on June 11, trading suite …
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After an impressive 6 months in the crypto markets, Ethereum could be gearing up for a cooldown Timothy Peterson cautions that Ethereum may be in for a rough few months This is based on historical performances of Ethereum during the summer months Ethereum’s $2k support is the level to watch moving forward If $2k fails, …
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Nine in-person NFT galleries and exhibitions have already opened or are set to open this year, and one could be near you. As restrictions seem to be easing for many, people who are looking to leave their houses and discover their region or country can ride the nonfungible token (NFT) wave with physical exhibitions and …
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Over 3 million Chainlink tokens have left crypto exchanges in the last 30 days This is despite LINK undergoing a massive 71.69% correction from its most recent all-time high of $53 to $15 Chainlink prices at $20 and below could be a good buy zone for a long-term hold However, Chainlink’s daily chart points towards …
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The launch of Shiba Inu was accompanied by the hype of SHIB being the next Dogecoin However, social sentiment and volume has since dropped into negative territory Some Shiba Inu investors seem to have capitulated and sold their SHIB Address activity surrounding Shiba Inu continues to be high despite the capitulation and low sentiment The …
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Michael Saylor has described Bitcoin as being digital property His description of Bitcoin comes after El Salvador acknowledged Bitcoin as legal tender He also pointed out that Bitcoin empowers billions of people with property rights, as he responded to Senator Elizabeth Warren’s attack on Bitcoin The CEO of Microstrategy, Michael Saylor, has described Bitcoin as …
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Jack Dorsey, CEO of Twitter, hinted at the possibility of integrating Lightning Network into Twitter yesterday. Dorsey answered a Tweet of a follower saying it was “just a matter of time” for this to be a fact. Dorsey is a big Bitcoin proponent and has extended Bitcoin functionality to another of his companies, Square. Jack …
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The Bitcoin Mining Council has gone live, launching its own website detailing its members and the mission statement of the organization. The council originated as a closed organization, but they are now allowing any miner to join. While Michael Saylor gets a founding member status, the site states Elon Musk has “no role” in the …
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South Africa’s Intergovernmental Fintech Working Group (IFWG) has a released new position paper that calls for the regulation of the country’s cryptocurrency ecosystem. In the document, the IFWG, which is a creation of the South Africa Reserve Bank (SARB), recommends “a staged approach to bring crypto-assets within the regulatory remit through the regulation of crypto …
DeFi has marked the birth of an open alternative to the current financial system, promising broader financial inclusivity. Decentralized finance came to life with the inception of Ethereum in 2013. However, it truly hit the ground running in 2016–2017 with the backing of Ethereum developers and some entrepreneurs and experts in the financial investment sphere. …
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Bitcoin (BTC) Price Prediction – June 12, 2021 About 48 hours ago, Bitcoin bulls failed to sustain above the $38,000 high as Bitcoin revisits $30,000 low. The breaking of the $39,000 resistance is necessary for Bitcoin to rally above $40,000. Once buyers reclaim the $40,000 support, the bullish momentum will extend to $46,000 high.BTC/USD price …
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India may be regulating crypto as an asset class under the purview of the Securities and Exchange Board of India (SEBI). In addition, a crypto bill is likely to be introduced during the Monsoon session of parliament, local media reported. Indian Government Reportedly Considers Regulating Crypto as an Asset Class The Indian government has yet …
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JPMorgan struggles to “see any tangible economic benefits associated with adopting bitcoin as a second form of legal tender.” Commenting on El Salvador’s bitcoinization, JPMorgan did not rule out that the country’s move to make the cryptocurrency legal tender may be “the beginning of a broader trend among similarly situated, smaller nations.” JPMorgan’s Opinion on …
The U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have warned investors of the risks of investing in funds with exposure to bitcoin futures. The SEC published an investor alert on funds trading in bitcoin futures Thursday. The alert comes from the SEC’s Office of Investor Education and Advocacy (OIEA) …
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