In remarks that appear to pour cold water on assertions that digital currencies will topple the U.S. dollar anytime soon, a former governor of the Chinese central bank, Zhou Xiaochuan, insisted the greenback will remain in its position as the global reserve currency. Xiaochuan said the dollar still “has great inertia.” Process to Change Role …
Monthly archives: April 2022
Biggest Movers: NEAR Hits 1-Month Low, XMR Down 12%
NEAR saw recent losses extend on Wednesday, as it fell to a one-month low during today’s session. The decline in NEAR came as XMR also traded in the red, falling to a multi-week low in the process. NEAR Protocol (NEAR) NEAR was one of the biggest tokens to fall on hump-day, as prices fell to …
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Working Study Says Despite Legal Tender Status, Bitcoin Is Not a Widely Accepted Medium of Exchange in El Salvador
According to a working study published by the U.S. National Bureau of Economic Research (NBER), most Salvadorans stopped using the Chivo wallet after getting their $30 bitcoin bonus. The report shows that the median Chivo wallet user made no deposits or withdrawals in a given month. NBER Study: Only 4 out of 10 Salvadorans Use …
Bitcoin, Ethereum Technical Analysis: BTC Slips Below $40,000 yet Again, Following Brief Rebound on Tuesday
Following a brief rally on Tuesday, BTC once again dropped below the $40,000 level during today’s session. Wednesday’s selloff has seen prices fall by as much as 4%, whilst ETH also declined by the same amount. Bitcoin The world’s largest cryptocurrency moved lower on Wednesday, following a brief rally during yesterday’s trading session. Following a …
L2 Scaling Startup Optimism Reveals Governance Collective, Native Token, and ‘Many Airdrops’
The layer two (L2) Ethereum scaling project Optimism has announced the launch of Optimism Collective, “a large-scale experiment in digital democratic governance” managed by the newly created Optimism Foundation. In addition to the governance collective, the plan is to launch a token called “OP” that aims to “govern protocol upgrades and project incentives.” Ethereum Scaling …
New York Passes Bill To Ban Proof-Of-Work Crypto Mining
The New York State Assembly has passed a bill that would ban all new proof-of-work (PoW) cryptocurrency mining for two years. The bill was sponsored by Anna Kelles and will be brought to the State Senate for final passing into law by Governor Hochul. The bill only imposes a two-year hold for the approval of …
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Brazil Sets To Set Up A Regulatory Framework For Crypto Assets
The Brazilian Senate has approved the country’s first bill to regulate cryptocurrencies. The bill is aimed at the creation of a regulatory framework for Brazil’s crypto industry. However, the bill will not be passed into law until it is approved by the Chamber of Deputies and signed by President Jair Bolsonaro. Those close to the …
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Gibraltar rolls out new virtual asset regulation to combat market abuse
The British overseas territory of Gibraltar introduced a new regulatory package for distributed ledger technology (DLT) service providers. The document elaborates on the responsibilities of crypto businesses in regards to threats of market manipulation and insider trading. On April 27, the government of Gibraltar published the 10th Regulatory Principle of the country’s financial services regulation. …
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Brazil’s Senate Votes Yes To Bitcoin And Crypto Regulations
Bitcoin is on the verge of gaining adoption in Brazil The country’s senate has approved a bill geared towards legalizing cryptocurrencies Also, the proposal aims to create regulatory infrastructure for the digital asset industry Brazil’s Chamber of Deputies will not on the policy The law could receive full approval before 2022 runs out Brazilian lawmakers …
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Everything You Need to Know About Rarible (RARI)
Virtual currencies like Crypto have taken over marketing in a way that has grown exponentially in the last few years. More and more users are now using these virtual currencies and making new global payment systems. With the increase in its popularity and usage, a good amount of investments are pouring into it, and many …
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Polkadot vs. Cosmos: A Detailed Comparison
With everything from Ethereum to Bitcoin, plus countless smaller chains, it becomes challenging for developers to create applications that support multiple chains. It requires extensive resources, which is why many users only use one or two chains at a time. Think of the blockchains as different planets of the solar system. To travel from one …
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An Ultimate Guide to Monero (XMR) Cryptocurrency
Most of the cryptocurrency projects available in the market today, including the industry leaders such as Ethereum and Bitcoin, have a transparent blockchain ecosystem. A transparent blockchain network means that anyone from any part of the world can easily trace and verify the transactions entered and processed on these decentralized ledger channels, ensuring utmost security, …
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$4,200,000,000,000 Asset Management Giant Set To Offer Bitcoin 401 (k) Plans This Year: Report
A new report says that asset management giant Fidelity Investments will allow participants of its company-sponsored retirement accounts to put a portion of their savings into Bitcoin (BTC). According to the New York Times, Fidelity plans to launch digital asset accounts, enabling holders of 401 (k) plans to invest in the flagship cryptocurrency if their …
Ethereum Whales Stockpiling Dogecoin Competitor Shiba Inu, ApeCoin and Two Additional Altcoins: On-Chain Data
New data shows that the biggest Ethereum (ETH) whales are loading up on meme coin Shiba Inu (SHIB), the new kid on the crypto block ApeCoin (APE) and two metaverse tokens. The latest numbers from WhaleStats reveal the investment behavior of the 100 wealthiest non-exchange Ethereum addresses. The digital asset whale-monitoring website shows that in …
Purpose Bitcoin ETF adds 1.1K BTC as data hints investors want to ‘buy the dip’
The world’s first Bitcoin (BTC) spot price exchange-traded fund (ETF) is buying BTC again after a month of selling. Data from on-chain monitoring resource Coinglass confirms that on April 27, Canada’s Purpose Bitcoin ETF added 1,132 BTC to its holdings. Data: Buy the dip interest “skyrocketing” Despite fears that Bitcoin is not yet done with …
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