A former executive from the People’s Bank of China (PBoC) has stated that developing the digital yuan will help create competition for Alipay-like payment platforms. The digital yuan will be created using smart contracts. Yao Qian, a former executive of PBoC, gave his remarks during the International Finance Forum in Beijing. Alipay is a private …
Yearly archives: 2021
Price analysis 5/31: BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, ICP, BCH
Bitcoin and altcoins are attempting to start a relief rally, suggesting traders have decided to start buying at lower levels. Bitcoin’s (BTC) massive drop in May 2021 is among its worst monthly performances, according to data from Bybt. The decline has divided the crypto community, with long-term investors considering the fall as a buying opportunity …
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Report: Amid pullback, Argentinian Bitcoin miners thriving
Institutional miners and hobbyists alike are taking advantage of energy subsidies to cash in. While the broader crypto market suffers through a painful slump, a new report today indicates that Bitcoin miners in Argentina are thriving as they take advantage of convoluted energy policies. A report from Bloomberg republished in the Buenos Aires Times says …
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0x launches DEX liquidity API on Polygon
Polygon’s decentralized finance footprint continues to grow, with 0x releasing a version of its decentralized exchange liquidity aggregator API on the “Ethereum scaler.” 0x has released a Polygon version API for its decentralized exchange (DEX) liquidity aggregator, opening up the 0x API tool to the expanding Polygon market. The DEX liquidity bridge service announced the …
Indian central bank clarifies regulations as local banks shun crypto
Banks like HDFC and the State Bank of India reportedly cautioned customers against crypto, citing the RBI’s quashed crypto circular. India’s central bank has issued an official notice regarding the fact that local banks are reportedly cautioning customers against using cryptocurrencies like Bitcoin (BTC). Published Monday, the notice points out that the Reserve Bank of …
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Bitcoin Price Prediction: BTC/USD Could Hit $45,000 or Crash to $25,000
Bitcoin Price Prediction – May 31 The Bitcoin price trades below the 9-day moving average as the bulls failed to break into the upside. BTC/USD Long-term Trend: Bearish (Daily Chart) Key levels: Resistance Levels: $43,000, $45,000, $48,000 Support Levels: $30,000, $27,000, $24,000 BTCUSD – Daily Chart At the time of writing, BTC/USD is correcting upwards …
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Ethereum Price Prediction: ETH/USD Strives to Make Swing-high
Strives to Make Swing-high – May 31There have been several indications that the market of ETH/USD now strives to make swing-high past a key level of $2,500 that has been one of the most difficult lower trading lines that the crypto experiences. The crypto now makes an appreciation move to trade around the level of …
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India’s Central Bank RBI Confirms Crypto Banking Ban ‘No Longer Valid’ — Asks Banks to Stop Quoting It
Indian central bank, the Reserve Bank of India (RBI), has officially advised banks that its banking ban circular is no longer valid as it was set aside by the country’s supreme court more than one year ago. Despite the supreme court’s ruling, banks have been citing the RBI circular when dealing with cryptocurrency. RBI Tells …
Japan’s Top Financial Watchdog Sends a Warning Crypto Derivatives Exchange Bybit
The Japanese government’s Financial Services Agency (FSA) has issued a warning to the crypto derivatives exchange Bybit claiming that the trading platform is allowing residents of Japan access to the exchange. The news follows the Bank of Japan Governor Haruhiko Kuroda criticizing digital currencies for speculation. Japan’s FSA Warns Bybit Fintech Limited Japan’s top regulator …
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Bitcoin.com Wallet Adds ETH
The Bitcoin.com team is excited to announce integration of Ethereum into the Bitcoin.com Wallet. That means anyone can now buy, receive, store, trade, and send ether (ETH) with the convenience and security of the industry’s most user-friendly, non-custodial wallet. How It Works When you open the Bitcoin.com Wallet, you’ll now see the Ethereum section in …
Home Crypto Mining Spikes in Brazil Amid Record High Unemployment
With rising unemployment rates and rampant economic uncertainty, in the wake of the Covid crisis, a growing number of Brazilians are finding an alternative income source in cryptocurrency mining. GPU rigs have been spotted even in favelas as a relatively small investment can return more than the average salary in Brazil. Pandemic and Uncertainty Turn …
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Bitcoin Price Prediction: BTC/USD Struggles Finding Support
Bitcoin Price Prediction – May 31The present downward movement in the market exhibits that BTC/USD struggles finding support around a lower trading zone below the level of $35,000. Quite about a couple of days’ sessions back, the crypto has continually hovered around the level to now trade at a point of $36,744 at a 1.23% …
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Druckenmiller: Ethereum is ‘MySpace before Facebook’ while Bitcoin won as ‘Google’
Those with skin in the game are reiterating that comparing Bitcoin to Ethereum is a pointless and potentially costly exercise. Bitcoin (BTC) is at risk of a “flippening” from Ethereum (ETH), mainstream media claims as some familiar “FUD” returns to the spotlight. As BTC/USD continues to flag below $40,000, an old argument has resurfaced — …
Japanese watchdog issues warning to crypto derivatives exchange Bybit
The warning comes in response to Bybit’s marketing campaign that reportedly targeted Japanese investors. Singapore-based Bybit, the world’s fifth-largest cryptocurrency derivatives exchange by trading volume, has allegedly been running unregistered crypto services in Japan, according to an official warning. The Japan Financial Services Agency issued a formal warning letter to Bybit stating that the firm is …
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How artificial intelligence can enhance blockchain platforms
AI and blockchain are rarely utilized together — but combining these technologies could unlock a plethora of use cases. Artificial intelligence and blockchain are both touted as technologies that will lead our future. But here’s the problem: They’re like oil and water. While innovative in their own right, there’s a noticeable lack of interconnectedness — …
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