With the regulatory clampdown against crypto trading still in full effect in China, Binance, the biggest crypto exchange in the world by trading volume, has moved to cement its operations in another country, Ireland. Binance registers 3 businesses in Ireland According to a report from a local media house, Binance first registered a business in …
Monthly archives: October 2021
Lawmakers in Kazakhstan Propose Registration for Crypto Farms, Higher Electricity Rate for Miners
Members of the parliament in Kazakhstan have proposed the establishment of a state register for cryptocurrency farms operating in the country. Alarmed by the growing consumption of energy in the sector, the lawmakers also want to charge miners a higher price for the electricity they use. Mazhilis Members Want Miners in Kazakhstan to Register With …
Bitcoin ETF Approval Expected by Month’s End, Prominent Hedge Fund Puts More Weight Behind BTC
The price of bitcoin soared past the $55K handle on Wednesday for the first time in four months giving proponents hope the crypto bull run has been re-ignited. Speculators are predicting a bitcoin exchange-traded fund (ETF) will be approved soon and some believe bitcoin will outperform other crypto assets this month. ETF Analyst Eric Balchunas …
Cash2Bitcoin: As Bitcoin Greatly Outperforms S&P 500, Bitcoin ATMs Gain in Popularity
sponsored Since the beginning of the COVID-19 pandemic and after an initial dip, the stock market has performed exceptionally well for such an economically uncertain time. The SPDR S&P 500 electronically traded fund (ETF), which provides a good indicator of the stock market’s overall performance, has increased in value by 32% year-over-year (YoY) and 39% …
Nigerians Optimistic CBDC Will Improve Payments and Help Promote Cryptocurrencies
Nigerians are hopeful the planned central bank digital currency (CBDC), also known as the e-naira, is going to enhance cross-border payments and make it “easier for the naira to be widely used and accepted.” E-Naira Launch a Boon for Cryptos In fact, according to a VOA report, some Nigerian blockchain experts like Janet Kaatyo believe …
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Raoul Pal Warns Global Economic Slowdown Incoming – Here’s His Stock Market, Bitcoin, and Crypto Forecast
Real Vision CEO and macro economic guru Raoul Pal believes a global economic slowdown is coming. In a new interview on the Best Business Show, Pal cites several indicators that he says suggest there will be slower economic growth and therefore more stimulus from governments. ADVERTISEMENT “The work that I’ve been doing suggests that …
CME Bitcoin derivative traders had ‘paper hands’ as BTC broke $55K — Report
Bitcoin (BTC) derivatives traders on the Chicago Mercantile Exchange (CME) missed out on incredible profits as BTC’s spot price smashed through $55,000 this week. Retail investors reduced their long exposure across the Bitcoin futures and options markets in late September, according to data shared by Ecoinometrics. The amount of open short positions also climbed, indicating that …
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Bitcoin hints at $1T market cap retest after price hitting 4-month highs
Bitcoin (BTC) took a trip below $54,000 during Oct. 7 as traders waited to see how far a retracement of Wednesday’s $5,000 gains could go. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC flirts with $1-trillion asset support Data from Cointelegraph Markets Pro and TradingView showed BTC/USD looking decidedly less confident Thursday, down 3% while taking …
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Cointelegraph Consulting: Terra’s bullish case after Columbus-5 upgrade
Terra’s (LUNA) three-month rally saw its token rise by 674%, catapulting LUNA to the ranks of potential so-called “Ethereum killers.” LUNA has been on a tear lately because Terra’s most recent upgrade, Columbus-5, has effectively overhauled its tokenomics and brought significant changes to its technology. LUNA currently sits in fourth place in total value locked …
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Stader Labs completes $4M funding raise to expand crypto staking
Stader Labs, a cryptocurrency staking management platform, announced a $4 million financing round to accelerate development across multiple blockchains, including Ethereum, Near and Polkadot as well as broadening its marketing campaigns on Thursday. The funding raise was conducted by Pantera Capital, with participation from a prominent number of venture capital funds, blockchain foundations and angel …
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Coinbase Launches Support for Four Ethereum-Powered Altcoins, Triggering Massive Rallies
Coinbase is adding four new crypto assets to its arsenal of altcoins, triggering a number of epic price rallies. The first addition to Coinbase Pro is the Ethereum-based (ETH) governance token Function X (FX), which is designed to power a cross-chain platform for decentralized applications and financial services. ADVERTISEMENT Users can stake FX to …
3 warning signs suggest the Bitcoin price rally is overextended
Bitcoin (BTC) faced fresh doubts over the strength of its bull run on Oct. 7 as analysts eyed a potential reversal of Wednesday’s short squeeze. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Funding rates in the red zone Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it hovered near $54,000 after failing to establish …
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Analyst calls 100 days of Bitcoin greed as ‘cooling period’ comes to an end
Renowned Bitcoin (BTC) investor and market analyst, Tuur Demeester, recently reminded his army of more than 200,000 Twitter followers about a certain market sentiment indicator. The founder of Adamant Capital, a Bitcoin Alpha fund, who is widely known for forecasting Bitcoin price trends, anticipates a 100-day-long greed period, during which the investor rush could again …
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Polygon (MATIC) to raise gas fee to 30 gwei to prevent spam transactions
Abstinence from DeFi is ‘no longer an option,’ states founder of Polygon-based QuickSwap Sameep Singhania is a blockchain and software engineer, who has worked on several projects, including Bonded Finance and ParaSwap, but hit the DeFi nail on the head when he and his team, frustrated by the growing Ethereum (ETH) fees, built QuickSwap (QUICK), …
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Local Experts Say Zimbabwe Not Softening Its Stance on Cryptocurrency Just Yet
Zimbabwean crypto and economic experts have suggested Finance Minister Mthuli Ncube’s positive comments about cryptocurrencies do not necessarily mean monetary authorities are about to remove restrictions that were imposed in 2018. The Case for Blockchain Instead, the experts claim the remarks show that the government is only interested in aspects of blockchain technology that are …
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