press release PRESS RELEASE. Beyond Oil™ has officially launched the Solar Oil Project – the blockchain powered decentralized oil production platform that recycles abandoned oil wells to produce oil while eliminating a trillion dollar ecological nightmare. What the Solar Oil Project does differently: Partners with local oil Operators and green equipment manufacturers. Together, they identify …
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A major British bank, Natwest, has put a limit on fund transfers to cryptocurrency exchanges over concerns of fraud and scams related to cryptocurrencies. The bank is also blocking payments to a number of cryptocurrency asset firms. Natwest says the two moves are necessary to protect customers. Natwest Places Limit on Transfers to Crypto Exchanges …
June was a bit of a mixed bag for investors looking to buy DeFi coins. The entire crypto market struggled to shake off its bearish run, and there were periods in the month when things genuinely looked up. But, the bears are still prowling the market and there’s much work to be done. Despite this, …
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Dogecoin seems to be retracing to low levels since its lost its main advocate,Source: TradingView The price of dogecoin is still on a downward trend after breaking below $0.30. The instant change in trend shows that the token’s recent recovery was just a bounce that triggered sell-offs from investors. Buy Dogecoin Now Dogecoin is currently …
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Ripple’s XRP has been one of the most popular altcoins this year. After a sharp decline at the beginning of the year, the token rose like the rest of the crypto market and almost reached $2. Recent volatility affected its price, and the coin retreated to below $1. Recent market support indicates the coin may …
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Qtum is a hybrid project of Bitcoin and Ethereum because its development team comprises developers from both teams. The QTUM token is currently on an uptrend, just like the majority of the broader crypto market. This week has been especially good for QTUM after recording consistent gains. In the past 24 hours, QTUM has grown …
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Widely-followed on-chain analyst Willy Woo says he’s seeing signs of furious Bitcoin buying happening behind the scenes. In a new interview on the What Bitcoin Did podcast, Woo says he doesn’t believe that BTC is in a typical bear market as on-chain signals continue to show signs of accumulation. ADVERTISEMENT “We’re not seeing the …
The Ripple and XRP community has been long-betting on mainstream adoption growth rather than its market price. In this continued effort, Ripple has announced the appointment of Sendi Young as managing director of its European operations. Strengthening Ripple’s vision to rule the cross-border payments landscape, Sendi brings over 15 years of fintech experience to “oversee …
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Bitcoin (BTC) kept traders guessing with rangebound action on June 30 after a push beyond $37,000 resistance ended in rejection. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Wyckoff stresses $32,300 support Data from Cointelegraph Markets Pro and TradingView showed a day of reversal for BTC/USD on Wednesday, the pair down 4.5% hitting $34,500. After accelerating upwards …
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China continues expanding the scope of its central bank digital currency (CBDC) by debuting digital yuan payments for transport services. According to an official Wednesday announcement, the Beijing subway has launched a pilot program enabling passengers to access 24 subway lines and four suburban railway stations using the digital yuan, also known as e-CNY. The …
India’s reserve bank has long since condemned the use of cryptocurrencies, but other than the Supreme Court striking down its 2018 bill last year, the Indian government’s stance on cryptocurrencies has been largely uncertain. On one hand, top sources tracking the government’s stance say it has shifted away from the idea of a complete ban. …
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According to Willy Woo, China banning Bitcoin mining is helping BTC remove the last area of major centralization Banning Bitcoin mining and trading makes BTC stronger, more resilient 2021 will go down in history as the year countries, corporates, funds, and high net individuals pushed for Bitcoin adoption Veteran Bitcoin analyst, Willy Woo, is of …
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Crypto analyst and trader Michaël van de Poppe is outlining the crucial price levels for Bitcoin, Ethereum and Cardano as the broader crypto markets begin to flash signs of strength. Van de Poppe tells his 348,100 Twitter followers that he wants BTC to flip former resistance at $35,000 into support in order to sustain its …
Institutional investors are looking for ways to participate in the crypto market without going out of the regulated space or mastering the advanced technology behind Bitcoin (BTC), and asset managers are finding alternative solutions to meet the need. Paris-based investment management company Melanion Capital partnered with index platform Bita to launch the Melanion Bitcoin Exposure …
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Aswath Damodaran, professor of finance at New York University’s Stern School of Business, has reiterated his criticism of Bitcoin (BTC). Appearing on episode 10 of the Moneycontrol Masterclass program, the NYU professor doubled down on his longstanding repudiation of Bitcoin as currency. According to Damodaran, Bitcoin’s limited use in microtransactions flies in the face of …
Continue reading “Bitcoin has failed miserably as currency, says NYU’s ‘dean of valuation’”
