The U.S. economy is looking stagnant according to data stemming from the Bureau of Economic Analysis, as core personal consumption expenditures (PCE) jumped 3.4% in May from a year prior. The recent PCE spike is the highest year-over-year basis change since 1992 and the statistic is fueling inflation concerns. Amid ‘Never Ending’ Market Rallies, Core …
Yearly archives: 2021
PORT Network: DApp to Harness Sustainable Processing Power for Both Cloud and Volunteer Computing
press release PRESS RELEASE. With an ever-increasing demand for computing power, PORT Network launches the first dApp to merge both Cloud and Volunteer computing on the blockchain. 28th June 2021, Düsseldorf, Germany – The demand for increased computing power is growing at an exponential rate. Industries such as IoT, Pharmaceutical, AI, 3D Image Processing and …
Korean Banks to Be Relieved of Liability for Crypto-Related Crime, Report Suggests
Banking institutions in South Korea have reportedly requested to not be held accountable for crimes linked to cryptocurrencies such as money laundering. According to local media, financial regulators are now developing rules that could relieve Korean banks from responsibility when screening the crypto exchanges they work with. New Guidelines to Appease South Korean Banks Korean …
ICP Price Gains 17.6% to $42.41 – Where to Buy ICP
ICP is one of the hardest-hit tokens in the crypto market. During the May market crash, its value dropped just like the rest of theSource: TradingView The ICP token had a great start this year after listing on major exchanges such as Binance, OKEx, Coinbase and Huobi. However, in May, the value of the ICP …
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Fantom Prices Reach $0.22 after 6% Gain – How to Buy FTM Bulls
The majority of the cryptocurrency market is trading in the green zone, and Fantom is one of these tokens. The cryptocurrency has gained 6% in 24 hours, increasing its value on trading charts. FTM gains are attributed to the support garnered from the entire crypto market. At the time of writing, Fantom is trading at …
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Guggenheim’s Scott Minerd Stands by $600,000 Bitcoin Prediction – But There’s a Big Catch
Guggenheim Partners founder Scott Minerd says a $600,000 Bitcoin is still in the cards, but investors may have to prepare for a further drawdown before BTC can start rising again. In an interview with CNBC, Minerd discusses the possibility of Bitcoin losing over 50% of its based on historical price action. ADVERTISEMENT “Every major …
Polygon announces scalable data availability infrastructure Avail
Ethereum (ETH) scalability infrastructure developer Polygon has announced the rollout of a general-purpose, scalable data availability solution called Avail. According to a release issued on Monday, Polygon revealed that Avail will function as a data available tool for execution layers like sidechains, standalone networks, and layer-two protocols. One of the major hurdles for effective blockchain …
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Iron Finance bank run stings investors — A lesson for all stablecoins?
The cryptoverse has been overrun with negative events lately. One of the most recent ones was the Iron Finance bank run that occurred on June 16. Iron Finance is a multi-chain, partially collateralized stablecoin protocol with the main goal of providing a dollar-pegged stablecoin to be used for DeFi applications. It was the first large-scale …
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Iranian trade ministry issues 30 crypto mining licenses
Iran’s Ministry of Industries, Mining and Trade issued operating licenses for 30 crypto mining centers in the country, the country’s Financial Tribue reported last Wednesday. Citing data from the ministry’s website, the report says that Iran’s Semnan Province received the most licenses, with six crypto mining farms now authorized to operate in the region. Alborz Province …
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Crypto exchanges could sue Korean gov’t for ‘passing the buck‘ to banks
With the implementation of new rules from South Korea’s Financial Services Commission (FSC), many smaller cryptocurrency exchanges in the country fear they will be forced to shut down. These rules require each exchange to prove that it has a real-name account held at a Korean bank by Sept. 24, 2021 — the hitch being that …
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5 Best Cryptocurrency To Buy For The Recovery – June 2021 Week 4
The cryptocurrency market has been on a downward spiral of late, before it picked up last week, leading many to assume that the recovery is imminent. In this article, we highlight the five best cryptocurrency to buy as the crypto market recovers in the final week of June. 1. Internet Computer (ICP) Starting off our …
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SHIB Price Pushes to $0.00000782 after 5.1% Gain – Where to Buy Shiba Inu
Shiba Inu seems to be gaining popularity, especially after being adopted by a lover of dog tokens, Elon Musk. In recent days, the gains of this token have been remarkable, and just like the majority ofSource: TradingView Shiba Inu is one of the tokens posting good returns, and it is one of the coins one …
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Dogecoin Price Shoots to $0.252 after 4.1% Increase – Where to Buy DOGE
Dogecoin has been one of the exemplary altcoins this year. From just a joke, the token rose to rank among the coveted top ten cryptocurrencies. Dogecoin’s gains are mainly attributed to Musk, who helped create a strong community for the token. At the time of writing, dogecoin is trading at around $0.252 after a 4.1% …
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Ethereum looks to retake $2K days before London hard fork — Big breakout ahead?
Ether (ETH) prices reclaimed $2,000 on Monday, increasing expectations that the latest rebound would served as a cue for further upside moves based on bullish fundamental and technical outlooks. The world’s second-largest cryptocurrency (by market cap) surged up to 4.96% to $2,083 ahead of the London opening bell. Its gains appeared as a part of …
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Operator of China’s first Bitcoin exchange reportedly exits crypto
BTCChina, the operator of China’s oldest Bitcoin (BTC) exchange, is no longer in the crypto business, according to some reports. The company sold its stake in the Singapore-registered Bitcoin exchange ZG.com to an unidentified foundation in Dubai, Chinese news agency The 21st Century Business Herald recently reported. According to the report, ZG.com is a completely independent …
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