Authorities in India are reportedly weighing up options concerning crypto regulations in the country. India’s government is reportedly reviewing modalities for banning or regulating cryptocurrencies in the country. According to Bloomberg Quint, reports indicate that the government is in talks with financial regulators and industry stakeholders to examine the provisions of an earlier proposal that …
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A new decentralized autonomous organization, BitDAO, announced its launch with a $230 million private sale and major contributions from Singapore-based Bybit. BitDAO, a new decentralized autonomous organization, is launching after a $230 million funding round led by billionaire venture capitalist Peter Thiel. BitDAO announced its DAO launch on Tuesday in conjunction with completing a private …
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Amid increasing scrutiny and demand from regulators, South Korean crypto exchanges are sifting through their supported assets and delisting or placing high-risk coins on an investor warning list. South Korea’s cryptocurrency market continues to transform under the weight of mounting regulatory pressures. Major crypto exchanges such as Upbit have this week moved to delist or …
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The survey results coincide with U.S. inflation climbing to the highest levels since 1992. Traditional hedge funds are willing to increase their exposure in Bitcoin and other cryptocurrency markets over the next five years, a new survey has found. Intertrust Global — an international trust and corporate management company — polled the chief financial officers …
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Bitcoin could retest the $48k to $50k range if it keeps moving higher This is according to an analysis by the inventor of Bollinger Bands, John Bollinger Mr. Bollinger however cautions that the market ‘will let us know’ Bitcoin has been consolidation between $39k and $41k for two days Bitcoin recapturing $42k and the 200-day …
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The decentralized exchange (dex) Dydx announced the organization has raised $65 million in a Series C funding round led by Paradigm. The Dydx announcement notes that the additional capital will be leveraged to “significantly improve liquidity” on the dex platform “through the volatility of the cryptocurrency markets.” Defi Exchange Dydx Raises $65 million from Strategic …
Hedge funds are likely to significantly increase their crypto holdings, a global poll of chief financial officers has indicated. According to an average figure based on their forecasts, the funds will keep more than 7% of assets in cryptocurrency within the next five years. Hedge Fund CFOs Expect Sizable Increase in Crypto Investments The survey, …
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Porsche, the German carmaker, is diversifying to digital markets through the launch of Fanzone, an NFT-based trading card market. Fanzone, built by Forward31, a Porsche company builder, seeks to capitalize on classic trading card demand. At the same time, Fanzone tries to combine this classical market with the NFT craze to offer digital products. Porsche …
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Those who bought Bitcoin this bull market are in no hurry to sell, says Glassnode, as small-time investor numbers also grow. Bitcoin (BTC) investors continue to hodl BTC at $40,000, even if they bought it at lower levels earlier in 2021. In the latest edition of its newsletter, The Week On-Chain, on June 14, on-chain …
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Memes and fan tokens were the order of the day after a Coinbase Pro listing sent SHIB and CHZ to significant gains. The token prices of Shiba Inu (SHIB) and Chiliz (CHZ) jumped 33% and 26% respectively on Wednesday, following the announcement of the pair’s listing on Coinbase Pro. Inbound transfers for Shiba Inu and …
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It’s too soon to talk about Bitcoin-based wages in El Salvador, Minister Rolando Castro stated. El Salvador’s Minister of Labor and Social Welfare has said that the country is not yet ready to adopt Bitcoin (BTC) for salary payments. In a Wednesday tweet, Rolando Castro denied local reports which claimed that his ministry had begun …
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The COVID-19 lockdown incentivized sporting organizations to adopt fan tokens, but how useful are they for supporters? Soccer fan tokens emerged as an offshoot of the tokenization craze in cryptocurrency sometime around 2019. Essentially acting as tokenized shares of influence, fan tokens give supporters of sports organizations the chance to take part in club polls, …
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Bitcoin Price Prediction – June 16The financial record of trade operation featuring between Bitcoin and the US Dollar presently swings northbound slightly at the upper range-bound trading zone of $40,000. Price, as of writing, trades around $40,197aat a percentage rate of about 0.45 increases. BTC/USD Market Key Levels:Resistance levels: $45,000, $55,000, $60,000Support levels: $35,000, $30,000, …
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Steve Hanke slammed El Salvador’s Bitcoin adoption as legal tender, and questioned how Bitcoin would function in day-to-day transactions. Steve Hanke, a professor of applied economics at Johns Hopkins University, has warned that El Salvador’s recent adoption of Bitcoin (BTC) as legal tender has the potential to “completely collapse the economy.” Steve Hanke served as …
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More than 70% of UK crypto investors surveyed reported a profit. A new survey suggests Brits have become more eager to invest in cryptocurrencies than in traditional stocks and shares-based investments. UK investment firm AJ Bell’s survey found that 7% of British adult respondents reported they had bought crypto over the last year, compared to …
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