The historic magazine The Economist is giving Bitcoin high praise, saying that the crypto holds attractive investment advantages over other assets. A recent article from the 178-year old magazine says that Bitcoin’s low correlation with traditional markets makes it a potentially excellent source of diversification. ADVERTISEMENT The article leads with a quote from Nobel Prize …
Monthly archives: September 2021
It’s now or never — The US has to prepare itself for digital currency
Welcome to the world of central bank digital currency, or CBDC, where big countries like China and small countries like the Bahamas are trying to mark their presence. It’s a world where 86% of the world’s central banks are trying to create digital currencies. Almost 60% of them are working on the concept and 14% …
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Bitcoin Price Holds Above $43K Amid China Crypto Ban-Buy BTC Now
Bitcoin price recovers to trade above $43,000 after yesterday’s market decline. China’s latest crypto ban wipes out $188 billion in crypto market value. Bitcoin price prediction is bearish as shown by the MACD and the Parabolic SAR. Today Bitcoin is consolidating above $43,000 following yesterday’s cryptocurrency marker bloodbath once again triggered by China. On Friday, …
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This ‘Magical’ Altcoin Project Has Soared 116% This Week, Defying Bitcoin and Crypto Markets
An altcoin powering the crypto project Abracadabra has traders spellbound this week after surging by more than 100%. Data from CoinGecko shows the price of Spell Token (SPELL), which currently holds a market cap of about $221 million, rose from a 7-day low of $0.00197753 to a high of $0.00428190 this week, which represents an …
Charitable sustainable NFTs for the United Nations’ 17 SDGs
In her monthly Expert Take column, Selva Ozelli, an international tax attorney and CPA, covers the intersection between emerging technologies and sustainability, and provides the latest developments around taxes, AML/CFT regulations and legal issues affecting crypto and blockchain. The United Nations General Assembly (UNGA) is holding its 76th annual meeting between Sept. 14 and 30 …
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Bitcoin volatility continues as BTC price closes in on critical weekly close
Bitcoin (BTC) briefly fell below $42,000 on Sept. 25 as the weekend looked set to deliver an unimpressive weekly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Bitcoin “fine” above $38,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing $1,000 in just over an hour during Saturday before rebounding. The weekend had started …
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Just 10 Korean crypto exchanges have registered with the government ahead of deadline
With the clock ticking down on crypto exchanges operating in South Korea, available information on the leading financial regulator’s website shows that only ten of these crypto firms have been able to successfully register with the authorities. Exchanges are racing against time in South Korea Just yesterday, 6 crypto exchanges Five, Gdac, Graybridge, OK-BIT, Prabang, …
A Rocky Start for Bukele’s Bitcoin Law — El Salvador After Adoption
The adoption of bitcoin as legal tender in El Salvador has been one of the biggest events in the cryptocurrency world this year. However, Nayib Bukele, president of the country, has taken a course of action many consider mistaken. In any case, the Bitcoin Law has put Bitcoin in the global spotlight as a potential …
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Bhutan Partners With Ripple to Pilot Digital Ngultrum on a Private Ledger
The Central Bank of Bhutan, the Royal Monetary Authority (RMA), has partnered with Ripple to start testing a model of its central bank digital currency (CBDC) using Ripple’s technology. The test will be using Ripple’s own CBDC private ledger, to support similar use cases. The pilot test will include retail, cross-border and wholesale payments for …
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XRP, Chainlink and This Crypto Project Launching Bitcoin Smart Contracts Are ‘About To Go Crazy’, Says Altcoin Daily
Altcoin Daily host Austin Arnold is listing three altcoins that he says are “about to go crazy”. In a new video, Austin tells his one million YouTube subscribers that the altcoins in question are Dfinity Foundation’s Internet Computer (ICP), the bridge currency XRP, and blockchain oracle network Chainlink (LINK). ADVERTISEMENT Kicking off the list …
DeFi: Who, what and how to regulate in a borderless, code-governed world?
Hold onto your hats, boys and girls! It’s a new world — a financial system without intermediaries, that anyone can access 24 hours a day with only a mobile phone and a wallet! As Julien Bouteloup said to me: “In DeFi, what we are building is fully decentralised technology, fully transparent, run by mathematics. No …
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Bitcoin (BTC) Price Prediction: BTC/USD Trades Marginally Above $40k as It Attempts Further Decline
Bitcoin Fluctuates Between $40,000 and $45,500 as It Attempts Further Decline Since September 21,BTC/USD – Daily Chart Buy Bitcoin Now About 48 hours ago, buyers pushed Bitcoin to the previous highs but were repelled at the $45,500 resistance. Today, BTC price is falling to retest or break the $40,000 psychological price level. For the past …
Sam Bankman-Fried’s FTX registers in Bahamas as Hong Kong regulations turn hostile
Earlier this week, crypto exchange FTX announced they successfully registered with the Securities Commission of the Bahamas as a digital assets business under the Digital Asset Registered Exchanges (DAREs) Bill. Previously, FTX was headquartered in Hong Kong and was so since its inception in 2019, following CEO Sam Bankman-Fried’s move there in 2018. However, for …
Snoop Dogg is rebuilding his real-life mansion in The Sandbox NFT metaverse
The Sandbox, a leading decentralized gaming virtual world and a subsidiary of Animoca Brands, announced today that it has partnered with Snoop Dogg to bring the rapper, actor, songwriter, entrepreneur, and entertainer to The Sandbox gaming metaverse. Snoop Dogg will enter the metaverse by owning his own virtual land in The Sandbox, where he will …
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These 3 NFT Projects Collectively Captured Over $10 Billion in Sales
Non-fungible token (NFT) assets have taken the world by storm in 2021 and three current projects in the NFT universe have seen sales stretch into the billions. Statistics show that the NFT marketplace Opensea, the blockchain NFT game Axie Infinity, and the digital collectible series Cryptopunks have collectively captured over $10 billion in sales. Opensea, …
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