A popular crypto trader and analyst thinks Ethereum (ETH) and Chainlink (LINK) are due for another run towards new all-time highs. The crypto trader known as Pentoshi tells his 270,500 Twitter followers that the smart contract platform Ethereum (ETH) is looking bullish on both the USD and BTC pairing after breaking downwards resistance. “$ETH / …
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Noh Woong-rae, a member of South Korea’s National Assembly and a representative of the country’s ruling party, reportedly plans to postpone a bill clarifying the taxation of crypto until 2023. According to a Thursday report from Naver News, Noh said the Democratic Party of Korea plans to push back against the intention of South Korea’s …
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The Avalanche Foundation has announced a significant $230M investment from a venture capital group spearheaded by Polychain and Three Arrows Capital for the purpose of supporting the growth of the DeFi ecosystem and their ever-expanding list of applications that utilize the blockchain. Since launching in September 2020, Avalanche has cultivated a burgeoning influence on the DeFi …
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Tune in to watch Cointelegraph host and analyst Benton Yaun alongside resident market experts Jordan Finneseth and Marcel Pechman. Here’s what to expect in this week’s markets news breakdown: Bitcoin (BTC) once again takes aim at $50,000. Is this the final hurdle before all-time highs are within reach? The Solana network was brought down by …
Resolution 215 of 2021 issued by the Banco Central de Cuba (BCC) — the country’s central bank — recognizing cryptocurrencies like Bitcoin (BTC) is now in effect. According to Cuba’s official state news agency Prensa Latina, the order became official on Wednesday. With crypto legally recognized by the BCC, Bitcoin and other cryptocurrencies can now be used …
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Cryptocurrencies are going mainstream and becoming an interesting investment opportunity for many people, of various backgrounds. The market is expanding as people get schooled on blockchain technology while discovering interesting new ways to utilize it. There is also a constant stream of new and innovative projects where this technology is providing a helpful solution. Finally, …
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El Salvador officially recognized Bitcoin as legal tender this week in a historic first for any country. EEl Salvador officially recognized Bitcoin as legal tender on September 7, 2021, making it one of the first countries to do so. Now that the milestone has been achieved, it is up to the country’s residents to make …
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ARK Invest’s Cathie Wood says it’s clear that Ethereum (ETH) is satisfying a huge unmet need in the digital asset space. In a new interview with Bankless, the noted investment management firm founder says that ETH is showing up as a strong second to Bitcoin (BTC) as a potential reserve currency. ADVERTISEMENT “I have …
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Ransomware, malicious software that encrypts computers and keeps them “locked” until a ransom is paid, is the world’s fastest-growing cyber threat, according to Coinfirm. Recent attacks on critical national infrastructure, like the Colonial Pipeline incursion that crippled oil and gas deliveries for a week along the U.S. East Coast, have set off alarms. Ransom payments …
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Bitcoin (BTC) must cost at least $39,000, says a new tool combining two of its most powerful metrics. In a tweet on Thursday, analyst William Clemente presented the illiquid supply floor chart — and its findings are firmly bullish for BTC. Bitcoin’s price floor rises and rises With exchange reserves dwindling and major corporate buy-ins …
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Ethereum blockchain’s native asset, Ether (ETH), faces the prospect of exploding toward $6,500 in the coming sessions. ETH looks like a cup and handle too. Thoughts? — Raoul Pal (@RaoulGMI) September 15, 2021 The bullish analogy takes cues from a textbook technical pattern dubbed “cup and handle.” In detail, a cup and handle structure develops …
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On Wednesday, speaking at a meeting of the Exchequer Club — which is a group of senior economic and financial policy professionals headquartered in Washington, D.C. — Acting Comptroller of the Currency Michael Hsu delivered remarks on the topic of safeguarding trust in banking. In the speech, Hsu named reducing inequality, adapting to digitalization, acting on climate …
Continue reading “Crypto and DeFi disintermediate banking in new ways, says OCC head”
Crypto exchange Coinbase continues recent a spree of adding new digital assets to its platform by adding support for two low-cap altcoins this week. Coinbase Pro is listing Horizen (ZEN), an interoperable blockchain ecosystem. Horizen’s native asset, ZEN, is trading at $110.48 at time of writing and is up more than 30% on the day, …
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AMC Entertainment will not only accept Bitcoin (BTC) payments for movie tickets by the end of 2022 but will also include other popular digital currencies in its crypto acceptance policy. Tweeting on Thursday, the company’s CEO, Adam Aron, announced plans for AMC to accept three other cryptocurrencies — Ether (ETH), Litecoin (LTC) and Bitcoin Cash …
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The European Securities and Markets Authority (ESMA) has published its report on trends, risks and vulnerabilities in the EU markets during the first half of 2021 (1H21). Its takeaways included the argument that crypto markets’ extraordinary volatility and growth make a compelling case for the need for a targeted regulatory regime, as sketched out in …
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