A popular crypto analyst is drawing a line in the sand for Ethereum and warns of a significant price drop if the top altcoin capitulates from that level. The pseudonymous analyst known as Altcoin Sherpa tells his 176,300 followers that the leading smart contract platform needs to hold the $1,750 to $1,757 range or risk …
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Most people who have dealt with cryptocurrencies in any capacity over the last couple of years are well aware that there are many projects out there offering eye-popping annual percentage yields (APY) these days. In fact, many decentralized finance (DeFi) protocols that have been built using the proof-of-stake (PoS) consensus protocol offer ridiculous returns to …
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As a plan to resurrect LUNA from the valuation pit, Terraform Labs announced their plan to launch LUNA 2.0 in the third week of May. A major part of the community was in favor of this decision, which was taken as an immediate response to the LUNA crash. It’s been less than a week since …
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In what can only be considered a landmark decision related to mining, New York has enforced a ban on Proof of Work mining operations. The New York Bitcoin Mining ban poses a big question about the future of the Proof of Work mechanism, which many consider the most decentralized way to mine crypto. In this …
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TRON (TRX) Price Prediction – June 1It has been the TRX trade activity faces a resistance again at $0.09. Barely a month ago, the crypto economy rose in its valuation as it is doing now at around $0.088 at a positive percentage rate of 5.03. TRON (TRX) Price Statistics:TRX price now – $0.08829TRX market cap …
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Macro analyst Lyn Alden says that Bitcoin (BTC) could rally higher over the coming months if certain conditions are fulfilled. Asked in a Coin Stories interview whether Bitcoin could revisit its all-time high this year, Alden says that the price of king crypto could surge if the Federal Reserve reverses its current hawkish monetary policy …
On Friday, June 3, South Korea’s Financial Supervisory Service (FSS) began an investigation into payment gateway services that work with digital assets. The FSS is South Korea’s financial regulator that operates under the Financial Services Commission (FSC), both of which are government institutions. As reported by local news outlet Money Today Co., the FSS had …
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Summary: The month of May saw a strong recovery in the inflow of Bitcoin into ETPs, with a total of 9,765 BTC. The flow of BTC into Bitcoin ETPs has also been favorable into June, with the global holdings hitting an all-time high of 205,008 Bitcoin. The Canadian Purpose Bitcoin ETF has led inflows of …
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! A San Francisco Examiner report has revealed that two tech-savvy individuals were victims of an elaborate crypto scam that led to the loss of $2.5 million. The report revealed that the scam technique used by these malicious players is known as …
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Pablo Hernandez de Cos, governor of the Bank of Spain, has again warned about cryptocurrencies and the growth that the crypto market is experiencing. Hernandes de Cos stated that, while the market is still relatively small at a worldwide level, the cryptocurrency market is now bigger than subprime mortgages before the financial crisis circa 2008, …
According to an executive with the Dubai-based DAMAC Properties, the real estate development “company has already succeeded in concluding real estate deals worth $50 million via cryptocurrencies since the beginning of this year.” The executive, however, says his company is facing challenges convincing the older generation decision-makers to buy into the metaverse, non-fungible tokens, and …
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One surging Ethereum-based altcoin is defying the bear market as it trends higher while the broader crypto markets struggle. XCN, the governance and utility token for cloud blockchain protocol Chain, has surged by more than 70% in the past 10 days while most other crypto assets have moved sideways. XCN was trading around $0.10 on …
In discussion with the International Monetary Fund (IMF), T Rabi Sankar, the deputy governor of the Reserve Bank of India (RBI), reflected an anti-crypto stance as he spoke about India’s potential to disrupt the crypto and blockchain ecosystem. Rabi Sankar started the conversation by highlighting the success of the Unified Payments Interface (UPI), India’s in-house …
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Once the world’s second-biggest safe haven for crypto miners, Kazakhstan has seen rapid changes in regulations since the beginning of this year. The nature of most of these changes is largely restrictive, which has reduced its crypto mining earnings in 2022. The country’s state revenue committee released a report on Monday detailing the total energy …
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The people of Argentina are financially conscious by necessity. The country has been in a vicious cycle of hyperinflation and stabilization for decades. The recent turn of inflation that started in 2016 has driven people to embrace cryptocurrency. Inflation is a way of life in Argentina. There are Argentinians who specifically hold dollars in the …
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