The Nigerian presidency has denied reports that the country’s Vice President (VP), Yemi Osinbajo, was calling for the devaluation of the local currency when he recently questioned the naira’s official exchange rate. The Huge Arbitrage In fact, according to a report that quotes Laolu Akande, the VP’s assistant, Osinbajo is against “a willy-nilly devaluation of …
Monthly archives: October 2021
Tron Partnering With Sony Interactive Entertainment to Enhance Blockchain Gaming Experience
press release PRESS RELEASE. SAN FRANCISCO – October 15, 2021 – TRON, one of the largest blockchain-based operating systems in the world, is announcing an upcoming partnership with Sony Interactive Entertainment today. Tron will provide the gaming company with its blockchain and expertise to enable in-game purchases, trading of in-game items and facilitate fast, cross-border …
ETC Group Releases Bitcoin Cash Report Praising High Usage and Vibrant Development
ETC Group, an ETF issuer company, released a report last month about the evolution of Bitcoin Cash in the years after the hard fork that created it. While the company acknowledged the asset price is lagging compared to its older sibling, it praised the crypto on other aspects like development and actual usage. Bitcoin Cash …
Coinbase CEO Unveils Crypto Regulation Proposals, Says They Can Ensure US Remains Global Financial Leader
Coinbase chief executive officer Brian Armstrong is circulating a crypto regulation proposal that he believes will ensure that the US remains a global financial leader. The exchange is launching the Digital Asset Policy Proposal (dApp) to anticipate the evolution of a blockchain-driven and decentralized internet and the emergence of cryptocurrencies as a new asset class. …
Slow and steady is path to crypto riches says YouTube star
When Nicholas Merten saw a video explaining Bitcoin in November 2011, he brushed it off, later lamenting that “I unfortunately did not do the right thing.” It’s hard to blame him, after all, he was only 13. Now 23, he runs DataDash, a YouTube channel with over 470,000 subscribers, making it among the largest focused …
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Bitcoin gets green light for price discovery with ‘almost no supply’ on exchanges above $59K
Bitcoin (BTC) is now free to surge not only to existing all-time highs but beyond, analysts have said. Analyzing orderbook data on Oct. 15, monitoring resource Whalemap revealed that Bitcoin had already beaten all major resistance levels. Bitcoin is already moving in thin air With $60,000 hitting for the first time since April, the odds …
Q3 saw significant crypto market recovery from May crash, says new report
Cryptocurrency data aggregator CoinGecko has released its Q3 2021 report showing massive gains across several crypto market sectors. Following the May market crash, Q3 began on a low ebb for the crypto space, with market capitalization even dipping further in late July below the $1.2 trillion, less than half of the $2.5 trillion all-time high …
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‘Thank God for Bitcoin,’ Cynthia Lummis says on US debt limit raise
Amid the United States President Joe Biden signing legislation to raise the government’s debt limit to $28.9 trillion, Senator Cynthia Lummis said that Bitcoin (BTC) is a blessing of God. Senator Lummis gave a speech to the Senate on Thursday, providing her perspective on how digital currencies like Bitcoin could potentially help countries like the …
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Top Crypto Analyst Unveils Massive Polkadot Prediction, Issues Cardano, Solana and VeChain Price Alert
Crypto strategist Michaël van de Poppe is extremely bullish on Polkadot (DOT), while warning several popular altcoins may face further corrections. The trader and analyst tells his 442,000 Twitter followers that DOT appears “programmed” to rise above $100 in the current market cycle. ADVERTISEMENT Using a Fibonacci extension model, he outlines $75 and $115 …
Polygon can hit $3.50 in Q4 as MATIC’s 20% weekly rally triggers bull flag setup
Polygon (MATIC) has the potential to reach $3.50 by the end of this year as it charts a pattern that’s starting to resemble a bull flag. In detail, bull flags are bullish continuation patterns that emerge when the price consolidates following a strong move higher. In doing so, the price tends to trend lower while …
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Bank of Russia to assess Bitcoin holdings volumes as $36M leave banks
The central bank of Russia is trying to evaluate the amount of Bitcoin (BTC) held by local investors amid a massive amount of money not returning to banks following the pandemic-fueled withdrawals. According to Elizaveta Danilova, head of the central bank’s financial stability department, the Bank of Russia is polling local cryptocurrency investors to estimate …
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Japan will prioritize simplicity in CBDC design, says central bank executive
While Japan’s CBDC plans are still in the research stage, Shinichi Uchida, an executive of the Bank of Japan (BOJ) has said simplicity will drive the central bank’s design thesis for the digital yen. According to Reuters, Uchida made this known during a speech delivered on Friday calling for modalities to be put in place …
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Second-largest US mortgage lender UWM dumps Bitcoin payment plans
United Wholesale Mortgage (UWM), one of the largest wholesale and purchase lenders in the United States, is ditching Bitcoin (BTC) payments plans after running a test. UWM officially announced Thursday that the company has successfully conducted its first-ever cryptocurrency mortgage pilot, accepting five crypto payments in October and one in September. The firm did not …
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Bitcoin Price Prediction: BTC/USD Reaches $60,000 Level
Bitcoin Price Prediction – October 14 The Bitcoin price touches the daily high of $59,999, the coin is holding above $59,000 level and it may likely retest $58,000 before rising again. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $64,000, $66,000, $68,000 Support Levels: $53,000, $51, 000, $49,000 BTCUSD – Daily Chart Buy …
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Report shows that SEC could Approve Bitcoin Futures ETF Soon
The US Securities and Exchange Commission (SEC) has been under pressure to approve a Bitcoin exchange-traded fund (ETF). Various reports have now shown that the regulator could, at last, approve such as product. A report by Bloomberg cited sources close to the matter, who stated that the SEC could approve a Bitcoin futures exchange-traded fund …
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