China has gone a notch higher in its battle against crypto. A few weeks after cracking down on bitcoin mining and bitcoin transactions, the country has now taken down crypto-related accounts on the Weibo platform. The shutdown happened over the weekend, leading to an immediate price drop on Saturday. Weibo is a social media platform …
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Our roundup of the 5 best cryptocurrencies to buy as the market starts to put in a bottom could be the most profitable reading you do this year. Cryptocurrencies have blazed a trail through the financial market these past few years, with the nascent industry reaching a trillion-dollar valuation in under a dozen years. It …
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Former U.S. President Donald Trump is still not a fan of Bitcoin, calling it a scam while stating that the dollar should remain the “currency of the world.” Former United States President Donald Trump has once again slammed Bitcoin (BTC). Appearing on FOX Business Monday, the former president remarked: “Bitcoin, it just seems like a scam …
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While crypto critics and supporters may argue about Bitcoin, they both agree on one thing: It is here to stay. Many years ago, I ran hedge funds on Wall Street. With a long pause for philanthropic and government work, I eventually found my way to blockchain, and now, I spend my days writing about decentralized …
Last summer, DeFi took the world of financial services by storm, but the question is: Will history repeat itself? Over the last year, decentralized finance has been the hottest topic of discussion in the crypto world, pushing the entire industry to new heights, developing innovative applications for the technology, and making financial services more accessible. …
Continue reading “Sights set on mainstream adoption: Is another DeFi summer on the way?”
China’s “blockchain, not crypto” stance continues as one government agency publishes guidelines to accelerate the adoption of tokenless blockchain solutions. China’s Office of the Central Cyberspace Affairs Commission and the Ministry of Industry and Information Technology (MIIT) have identified four essential application areas for blockchain adoption. The MIIT’s five-point agenda for blockchain adoption is part …
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Dogecoin, the meme coin that started as a joke, has been making headlines this year after a 12,000% price hike. Dogecoin’s price rally started after Elon Musk, the Tesla CEO, nicknamed himself the ‘Doge father’ and he has since been advertising the token. At the time of writing, Dogecoin is trading at $0.372, after gaining …
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The Bank of England has published a new discussion paper that tries to gauge the systemic implications of both private stablecoins and a central bank digital currency. The Bank of England is continuing to devote significant resources to researching digital money in both private and public forms. With an eye on both the domestic and …
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Deutsche Boerse Xetra is listing CoinShares physical Bitcoin, Ether, and Litecoin ETPs. European digital asset manager CoinShares is expanding the reach of its physically-backed exchange-traded product (ETP) portfolio with a new listing in Germany. According to an announcement on Monday, CoinShares Physical Bitcoin (BTC), Ether (ETH), and Litecoin (LTC) ETPs have cross-listed on major German …
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U.S senators voiced their opinions on the matter of cryptocurrency’s use in ransomware attacks. United States lawmakers have deliberated on the prospect of banning cryptocurrencies as a solution to the ransomware attacks that befell U.S. institutions in the past month, and opinions appear to be mixed. The largest fuel pipeline in America was brought to …
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South Korean crypto exchanges are groaning under a new proposal that will prevent them from converting trading fees to fiat currency. South Korea’s Financial Services Commission has moved to ban cross trading on crypto exchanges in the country. The move is part of a raft of amendments to the country’s Act on the Reporting and …
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Bitcoin (BTC) Price Prediction – June 7, 2021 For the past 48 hours, BTC/USD has been fluctuating above $35,000 support as Bitcoin trades marginally. The recent bearish momentum from the $39,000 high extended to the low above $34,900. Bitcoin price found support as buyers continue to defend the critical support at $34,000. Resistance Levels: $45,000, …
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Over six years ago, at the Massachusetts Institute of Technology (MIT), a couple of scholars distributed $100 in bitcoin to 3,100 students. According to testimony from a few participants who held the leading crypto asset since then, the students netted 13,000% in profit. MIT Grad Who Made 13,000%: ‘Most of Us Thought It Was a …
New technologies, including blockchain and cryptocurrency mining, have helped Iran to increase budget receipts and withstand foreign sanctions, according to the country’s minister for economy and finance. The high-ranking official believes the government can’t interfere with their development for too long. Government Official Cautions Against Impeding Crypto Development Over the past few years, Tehran has …
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The government doesn’t want a Chinese version of Elon Musk, an expert said. China’s crackdown on cryptocurrencies has reportedly spread to social media. Weibo, China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly suspended several popular Bitcoin (BTC) and crypto-related content creators on the platform. According to local reports, at least …
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