Peter Schiff-owned Euro Pacific Bank has been suspended by Puerto Rico’s financial regulator. Schiff claims that there’s “no evidence of crimes,” warning that “accounts are frozen and customers may lose money.” Puerto Rico’s Regulator Suspends Peter Schiff’s Bank Euro Pacific Bank, owned by notorious bitcoin skeptic and gold bug Peter Schiff, has been suspended by …
Monthly archives: July 2022
Metaverse Domains Are Trending as Minting Goes Live on Quik․com
sponsored Quik.com, a portal to the web3-optimized metaverse, is bringing firsthand knowledge of the .metaverse, .vr, .web3, and many other top-level domains to the web3 race. These domains on Quik.com are minted on blockchain technology and are featured to be stored as an asset in the user’s digital wallet and held, sold, or even exchanged …
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Indian crypto trading volumes slump following hefty taxes
Trading volume on three major Indian crypto exchanges plummeted 72.5% on average since July 1, when a 1% tax per transaction was enforced in the country. The Tax Deducted at Source (TDS) came into effect on July 1 and appears to have negatively affected traders as exchange volumes dropped from 37.4% on BitBNS and 90.9% …
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Intel Ships Blockscale ASIC Chips To Selected Bitcoin Mining Companies
It’s official, Intel is part of the bitcoin mining business. The gargantuan technology company announced its “ultra-low-voltage energy-efficient” ASIC chip barely six months ago, and it’s already here. Under normal circumstances, infrastructural support from a multinational company like Intel would be tremendous for the bitcoin market. How will it react in the middle of all …
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Active Ethereum Addresses Touch 2020 Levels, Will Price Follow?
Ethereum active addresses have continued to decline. This follows the market crash where the price of Ethereum had dropped to below $1,000 before staging another recovery. This decline has shown various implications for the digital asset and also points towards how investors could be feeling towards the digital asset. Activity Falls To 2020 Lows Data …
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Cardano Vasil Hard Fork On The Horizon, Will ADA’s Price React To The Upside?
Cardano follows the general sentiment in the market and records a slight recovery during today’s trading session. If Bitcoin and larger cryptocurrencies managed to extend the bullish momentum, ADA seems poised to benefit. Related Reading | Bitcoin Long-Term Holder Capitulation Approaching Bottom Zone, But Not Quite There Yet At the time of writing, ADA’s price trades …
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Bitcoin Long-Term Holder Capitulation Approaching Bottom Zone, But Not Quite There Yet
On-chain data shows Bitcoin long-term holder capitulation has deepened recently, but has not entered into the historical bottom zone yet. Bitcoin Long-Term Holder SOPR Continues To Observe Deep Values Below ‘1’ As explained by an analyst in a CryptoQuant post, BTC long-term holders have been realizing losses in recent weeks. The “spent output profit ratio” …
Mounting Support For Bitcoin At $19,000 As Market Ushers In A New Week
Bitcoin has come out of the weekend with less than favorable performance but it has not been all bad for the digital asset either. After falling below $20,000, it trended low towards the end of last week. However, the cryptocurrency has been able to hold the $19,000 level despite efforts from the bears to pull …
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Institutional investors shorting Bitcoin made up 80% of weekly inflows
Institutional investors loaded up on a record $51.4 million worth of investment products offering exposure to shorting the price of Bitcoin (BTC) last week. According to data from the latest edition of CoinShares’ weekly “Digital Asset Fund Flows” report, there was $64 million worth of inflows for digital asset products between June 27 and July …
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Crypto Analyst Predicts Massive Downside for Ethereum Rival Polkadot, Updates Forecasts for Cosmos and LooksRare
A widely followed crypto strategist says Ethereum (ETH) challenger Polkadot (DOT) could witness a massive 56% haircut from its current price level before finding some stability. Pseudonymous analyst Altcoin Sherpa tells his 179,900 Twitter followers that interoperable blockchain Polkadot could find support at significantly lower price levels. “DOT: $3-$5 probably good place to start accumulating …
Algorithm Known for Outperforming Bitcoin and Crypto Reveals Blue-Chip Altcoin Allocation for The Week
A robot that’s earned a reputation for outpacing the crypto markets is revealing its latest portfolio allocations to start the new week. Every week the Real Vision Bot conducts surveys in order to create algorithmic portfolio assessments consistent with a “hive mind” consensus. The bot’s freshest data finds that traders are flocking to digital assets …
ECB officials prepare for ‘harmonization’ of crypto regulations: Report
The European Central Bank, or ECB, will reportedly be preparing to implement a new law by warning European Union member states about the necessity of harmonizing regulations for crypto. According to a Sunday report from the Financial Times, the ECB was concerned about possible regulatory overlap between respective central banks in the EU and crypto …
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Celsius pays down 143M in DAI loans since July 1
Celsius (CEL) has repaid a substantial amount of its outstanding debt to Maker (MKR) protocol since the beginning of the month, signaling that the troubled crypto lending platform was trying to stave off a complete collapse amid credible rumors of insolvency. Since July 1, Celsius has repaid $142.8 million worth of Dai (DAI) stablecoins across …
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Ethereum Still Shows Signs of BTC Decoupling, USTC, FTX, DOT, Jul. 4
ETH outperformed BTC to the downside with a 6% loss this week. USTC sees buyers for another shot at stability. FTX founder corners crypto assets. ETH The Ethereum price was -6% lower this week as the coin still suffers from a BTC decoupling. Bitcoin shed almost 4% with a move that dipped below $19k after …
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Bitcoin Price Prediction for Today, July 4: BTC Stabilizes Above $19,500 Level
The Bitcoin price prediction shows that BTC is trading at $19,795 as the coin seems to be preparing for another upward movement. Bitcoin Prediction Statistics Data: Bitcoin price now – $19,795 Bitcoin market cap – $378.0 billion Bitcoin circulating supply – 19.0 million Bitcoin total supply – 19.0 million Bitcoin Coinmarketcap ranking – #1 BTC/USD …
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