Major South Korean cryptocurrency company Upbit has reportedly submitted a business report with the Korean Financial Intelligence Unit (FIU). Upbit reported its digital asset business to the FIU, which operates under South Korea’s top financial regulator, the Financial Services Commission (FSC). Upbit’s operator, Dunamu, announced the news on Friday, The Korea Economic Daily reported. Upbit …
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Bitcoin Reclaims $50k High as Bitcoin Gathers Momentum – August 23, 2021 Today, Bitcoin bulls have broken above the $50,000 psychologicalBTC/USD – Daily Chart Buy Bitcoin Now After two unsuccessful attempts at the $50,000 price level, the overhead resistance is broken as Bitcoin gathers momentum. Buyers have to sustain the bullish momentum above the $50,000 …
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The majority of the cryptocurrency market is trading in the green zone, and many coins have made significant gains. Among the coin’s showing strong bullish signals is MIOTA. Since the market rebounded in late July, MIOTA has made incredible gains and has recovered from some of the losses made during the May market crash. MIOTA …
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Cardano has been one of the best gainers in the cryptocurrency market. Cardano has managed to gain almost 100% in the past two weeks, making it the best performing altcoin. The altcoin is ranking third with a market capitalization of over $90 billion. Besides, it is still making new all-time highs as it continues accumulating …
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Privacy coins such as DASH came under the spotlight due to their association with cybercriminals who prefer them for ransom payments from companies and individuals. These coins are private because the transactions on their blockchain cannot be traced by outsiders; hence law enforcement agencies cannot trace the identities of those who receive payments in these …
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The crypto market bulls have strengthened in the past few days. Since the May market crash, bitcoin has managed to reach $50K, which has a positive effect on the rest of the market. Altcoins have mimicked the uptrend created by bitcoin, and they are reaching new levels. Monero is among the coins trading in the …
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The Banco Central de Reserva or better known as the BCR is the central bank of the small Latin American country named El Salvador. Recently the bank has published draft regulations for financial institutions and banks that are aiming to offer services related to Bitcoins. Back on Tuesday, on August 12, 2021, the BCR had …
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A new asset class, not just a new digital currency, had emerged when the Bitcoin protocol was created in 2009 as a response to the economic catastrophes caused by the financial crisis. Today there are thousands of cryptocurrencies with different specialties and levels of utility, adoption, and potential. Investing in cryptocurrencies in such a large …
After a period of more than three months, the largest and biggest cryptocurrency in the world has reached the much-anticipated mark of $50,000. After having gone through what many experts have believed to be a crash during the springtime and another slump during the summer, Bitcoin has re-emerged on the radar claiming the $50,000 mark …
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Chainalysis, which is based in the United States and is one of the most prominent platforms in the world specializing in blockchain data analytics, revealed a startling analysis on Wednesday. According to their reports, they have found that the global rate of adoption of cryptocurrencies has skyrocketed in recent times. Reports are suggesting that more …
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Cardano blockchain’s native asset, ADA, reached a new record high on Monday as investors pinned hopes on an upcoming smart contracts feature that expects to boost the cryptocurrency’s adoption. The ADA/USD exchange rate topped out at $2.899 around 9:00 am UTC, raising anticipations that it would easily close above $3 in the coming sessions. Many analysts, …
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Xiaomi India — the subcontinent’s branch of the major mobile phone manufacturer — is interested in the cryptocurrency industry, but needs regulatory clarity from the government. The firm’s managing director, Manu Jain, said in an interview with The Economic Times, “We will want to wait for all the regulatory things. Of course, crypto is an area, which …
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Yet another blow has been dealt to China’s cryptocurrency community, with news of a new high court ruling in the Shandong province that has drawn out the consequences of crypto’s lack of legal status in the country. As the South China Morning Post (SCMP) reported, the case in question was an appeal against a ruling this …
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Binance, the largest crypto exchange in the world by trading volume, in its bid to combat its battle with regulatory authorities around the world has appointed Richard Teng, the former chief regulatory officer of the Singapore Exchange (SGX), as the head of its Singapore’s branch. Binance hiring regulatory chiefs to be regulatory compliant Teng, in …
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Bitcoin pumped above $50,000 last night as the broader crypto market regained a $2 trillion valuation, data from multiple sources showed. Such figures were last seen in May earlier this year before a brief two-month correction across the market. Some altcoins even fell as much as -85% from their May highs, but have since crept …
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