Iran’s information technology minister has pitched the idea of transforming the Persian Gulf island of Kish into an international center for cryptocurrency exchanges. Iranian authorities plan to create a financial free zone in the territory which has already attracted cryptocurrency miners. Iran ICT Minister Says Gulf Island of Kish Has What It Takes to Be …
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Information asymmetry is at the heart of crypto investing. Here’s how to be on the right side of emerging news. When exchange listing news hits the crypto market, there’s often a spike in trading volume and a rapid (if often short-lived) appreciation in the price of the crypto asset. The degree of movement depends on …
The venture funds of both companies joined Bessemer and others in financing another strategic investment round for TRM Labs. Blockchain intelligence platform TRM Labs has secured $14 million in Series A funding from venture funds across the crypto and technology sectors, sending a strong signal that major investors are backing digital-asset projects with ever-growing conviction. …
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New tech that reduces costs of international payments would “be a boon for poor countries that rely on remittances” — but will BTC as legal tender fix that? For much of its life, Bitcoin (BTC) has been viewed mainly as a speculative financial instrument, but El Salvador’s dramatic move in making BTC a legal tender …
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Financial adviser, Ric Edelman says his colleagues need to get rid of their bias and examine Bitcoin and crypto assets with “open eyes” and “genuine curiosity.” Ric Edelman, founder of financial advisory outfit Edelman Financial Engines, described Bitcoin (BTC) and crypto assets as a “completely new and different asset class” that has nothing in common …
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Bitcoin’s dominance is once again on the rise and at 45.89% Such a rise usually causes a reallocation of capital away from Ethereum and alts, back to Bitcoin Ethereum risks dropping to $1,800 due to the increased influence of Bitcoin $2k remains the support level to watch for Ethereum A rise in Bitcoin’s dominance could …
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XRP’s $0.80 support continues to hold slightly above the 200-day moving average XRP’s 200-day moving average provides adequate support at the $0.72 price area However, a loss of both the $0.80 and 200-day MA could lead to a retest of $0.65 The digital asset of XRP has had an amazing run in the markets between …
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The U.S. dollar appeared to benefit from fresh comments by Jerome Powell, while Bitcoin remains frustrated. Bitcoin (BTC) stayed below $40,000 on June 17 as a surging U.S. dollar added to downward BTC price pressure. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC/USD bounces at $38,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD trading …
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Crypto awareness in the U.K. has risen, but understanding has fallen, the FCA said following a new survey. A new study by the United Kingdom’s Financial Conduct Authority has indicated a significant increase in cryptocurrency ownership in the country. On Thursday, the FCA published the results of a consumer survey which found that 2.3 million adults in …
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Ledger customers have reported receiving fake replacement devices in the mail, designed to phish private security information. The consequences of Ledger’s major data breach continue to be felt almost a year later. One contributor to the r/ledgerwallet forum on Reddit, writing under the tag “u/jjrand” and self-identified as one of those affected by the breach, has posted images …
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Non-futures crypto products like Grayscale Bitcoin Trust are reportedly still available on Futu Securities. A major Hong Kong-based online brokerage firm has reportedly suspended cryptocurrency futures trading due to regulatory concerns. Futu Securities, one of the biggest trading brokerages in Asia, has halted support of crypto futures contracts and trading services in response to regulatory …
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r/ShibaInuCoin subscribers have grown by 59,381% in Q2 of 2021 There were only 90 subscribers in early April, now r/ShibaInuCoin has 53,533 Shiba Inu’s popularity has led to a listing of SHIB on Coinbase Pro However, deposits and trading of Shiba Inu ran into technical difficulties ShibaSwap is also on the horizon and SHIB could …
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According to Coinmetrics, Tron is the fastest blockchain in terms of transactions per second Tron’s throughput exceeds that of Bitcoin, Ethereum, Cardano and XRP Tron’s users continue to grow with the network exceeding 40 million unique accounts However, TRX is currently trading above the 200-day moving average with a potential death cross, only weeks away …
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As part of an initiative that seeks to build the crypto and blockchain space talent base, the Decentralized Autonomous Organization (DAO1), a community-led protocol, will be holding a major collaborative computer programming or a hackathon. Organizers are hoping this event will help to create a buzz about cryptocurrencies and blockchain technology. To understand more about …
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As the decentralized finance movement proves its staying power and resilience, one of the world’s largest decentralized autonomous organizations, Bitdao, has concluded a private fundraising round to promote mass adoption of open finance. DAO to Allocate Capital Towards Improving Defi R&D, Funding, & Liquidity As decentralized finance (defi) slowly regains its footing following the May …
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