E-commerce giant JD.com took payments in China’s central bank digital currency (CBDC) at a massive local shopping event. JD.com accepted digital yuan (e-CNY) for payment on its e-commerce application for the Singles Day promotion period which began on Oct. 31 and ended on Nov. 11, the firm confirmed on Thursday. Singles Day is an unofficial …
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In Nigeria, commercial banks have begun monitoring accounts that appear to be utilized for cryptocurrency trading. The action is in response to an order from the Central Bank of Nigeria (CBN) demanding all commercial banks freeze accounts belonging to at least two individuals engaged in cryptocurrency trading. According to a report by local publication Leadership, …
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Bitcoin Price Prediction – November 11 The Bitcoin price prediction shows that BTC is expected to break out from the current short-term pattern and move towards the $68,000 level. BTC/USD Long-term Trend: Bullish (Daily Chart) Key levels: Resistance Levels: $74,000, $76,000, $78,000 Support Levels: $57,000, $55,000, $53,000 BTCUSD – Daily Chart Looking to buy or …
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Dfyn Exchange, one of the earliest AMM DEXs built on Polygon has announced a new tokenomics upgrade to its DFYN tokens which would see over $50 million worth of the asset burnt by the network. Today, $DFYN has turned 6 months old! We are introducing some major tokenomics changes: – https://t.co/8Nkp0M614z 1.) 20% $DFYN tokens …
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Bitcoin fell nearly $4,000 in a steep plunge this morning, taking with it the broader crypto market and causing over $500 million in ‘long’ liquidations. Funding rates were high across the board on Tuesday, leading to some traders commenting on an impending market drop. “Open interest reached an ATH. Let’s do a little bullish shakeout …
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The Indian government is looking forward to modifying the new crypto bill, which according to multiple sources is likely to be introduced later this month. Authorities’ stance towards crypto has softened with time as officials have confirmed that there is no need to impose a blanket ban on crypto, but a “balanced approach needs to …
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Coinbase reported $1.2 billion net revenue in Q3 2021, a 39% decrease compared to the previous three-month period. Due to lower market volatility in Q3, the leading US crypto exchange saw a decrease in both retail and institutional trading volumes, despite accelerated listings. Key metrics In Q3, Bitcoin (BTC) and Ethereum (ETH) comprised 41% of …
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Millions of customers dining at 500 restaurants across the U.S. will soon be able to earn bitcoin points, thanks to a partnership between restaurant giant Landry’s and New York Digital Investment Group (NYDIG). In addition, Landry’s said it will buy bitcoin for its treasury. “We view bitcoin as a good choice for a portion of …
The digital ruble is what Russian citizens need as it will facilitate inexpensive and reliable payments, the head of Bank of Russia, Elvira Nabiullina, told participants in an international banking forum. The governor also warned that cryptocurrencies and fiat-backed stablecoins create risks for financial stability. CBR’s Nabiullina Praises Digital Ruble Concept, Rejects Cryptocurrencies The Central …
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The U.S. Treasury Department proposed regulating stablecoin issuers as banking institutions, which may be a great idea if stablecoin issuers are offered the same privileges as regulated banks. US Treasury Department Report: Stablecoins Regulation Is Urgently Needed The rise of stablecoins within the crypto ecosystem serves as a glaring reminder that cryptocurrencies and blockchain technology …
Trading veteran Peter Brandt is a long-term Bitcoin (BTC) bull, but he’s expecting Litecoin (LTC) to outperform the leading crypto soon. The trader tells his 580,000 Twitter followers that Litecoin is poised for a massive run after breaking through resistance from its September peak of $239.12. “Litecoin has broken above September high on expanding volume …
Bitcoin (BTC) and altcoin investment firm Grayscale now has more assets under management (AUM) than the world’s biggest gold fund. According to the latest data from issuer Grayscale, Grayscale now controls over $60 billion — $1.7 billion more than the leading gold fund, SPDR Gold Shares (GLD). Praise for Grayscale, futures ETFs Grayscale’s flagship Bitcoin …
Bitwise Asset Management has withdrawn its application for a Bitcoin (BTC) futures-based exchange-traded fund (ETF) amid a number of such products launching in the United States. While dropping its futures-linked ETF, the firm is still bullish on a spot Bitcoin ETF, which is designed to track Bitcoin directly, Bitwise chief investment officer Matt Hougan announced …
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Conflicting news about whether Chinese property giant Evergrande had defaulted on its overdue loan payments emerged just before Bitcoin’s recent price crash. Evergrande Group is China’s second-largest property developer and is in debt for roughly $300 billion. There are fears that its collapse could spark a wider financial crisis. Two minutes after Evergrande’s payment was …
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An admin account for Beeple’s official Discord group was compromised overnight resulting in a fake NFT drop that saw users lose an estimated 38 ETH. An admin from Beeple’s Discord named “Multi” confirmed to the group on Nov. 10 that their account had been compromised despite having 2FA. The perpetrator went on to impersonate Multi …
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