China’s southern Hainan province is the latest to warn investors against crypto-based fundraising schemes. Following China’s major regulatory crackdown on cryptocurrencies, financial regulators in Hainan, the smallest province in the country, reportedly issued a warning against crypto- and blockchain-focused illegal fundraising schemes. According to local reports, the Hainan branch of the People’s Bank of China …
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Bearish divergences and overbought conditions on the RSI are signals traders can look for when considering whether to close a position. A trade is profitable only if both the purchase and the sale are done at the right time. Many times, traders sell their positions too early and leave profits on the table or they …
Continue reading “Here’s 3 ways the relative strength index (RSI) can be used as a sell signal”
Tokenized Apple, Tesla and GameStop stocks have surpassed $1 million per day in trading on cryptocurrency exchanges Binance and FTX. Is tokenization of securities the way of the future? In an interview with Raiffeisen Bank International, the bankers leading its blockchain research hub stated that indeed, by 2030, most securities will have been tokenized. To …
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“Bitcoin $20,000 or $100,000 in 2021? Crypto Trend Is Upward,” wrote Bloomberg senior commodity strategist Mike McGlone. Despite a massive drawdown in May, the Bitcoin (BTC) bull market appears to be intact, with a $100,000 price target more likely than a retrace to $20,000, according to Mike McGlone, Bloomberg’s senior commodity strategist. $20K or $100K …
Regulatory hurdles and the economic impact of the pandemic have derailed some CBDC projects, but not all hope is lost. With the crypto market turning up its pace of growth over the last year and a half, the idea behind central bank digital currencies (CBDCs) seems to have gained an increasing amount of traction among …
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ROK Capital and the Solana Foundation have formed the Solana Eco Fund, aiming to spark a fire of Solana blockchain-based growth in Korea. Solana-related news has surfed a number of headlines in recent months. The blockchain now appears headed for major strides in Korea, with significant funding for its surrounding ecosystem. “As one of the …
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Miami is about to host thousands of attendees for the Bitcoin 2021 conference — here are some of the major appearances and talking points to watch for. From Thursday through Saturday, a throng of crypto faithful will gather at the Mana Wynwood Convention Center in Miami for the Bitcoin 2021 conference. Bitcoin 2021 perhaps holds …
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Solverse Accelerator was established to support high-potential projects building on Solana. It’s also a way to incentivize further development on the blockchain network, which has grown rapidly this year. Solverse, a Solana-focused accelerator program, has tapped 21 subject matter experts to advise on up-and-coming Solana projects, setting the stage for further development of the high-performance …
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Pontem Network has received backing from several notable investors, including Delphi Ventures, Collider Ventures, Alameda Ventures, Skynet Trading and Animoca Brands. In total over 30 investors contributed to the raise. Pontem Network, a decentralized application that seeks to connect Facebook’s Diem to public blockchains like Ethereum (ETH), has raised $4.5 million in seed investments, setting …
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Polkadot and Kusama prices rose as Master Ventures announced a $30 million Polkadot ecosystem fund. Polkadot (DOT) and Kusama (KSM) rose in tandem on June 3 as traders assessed a venture capital firm’s major investment into their blockchain ecosystems. Dubbed as Master Ventures, an Asian blockchain incubator and venture capitalist announced that it had launched …
Some universities and colleges are offering blockchain and crypto courses as the job market heats up, but will students be enticed to take them? It shouldn’t come as a surprise that the need for candidates specializing in cryptocurrency and blockchain has become more apparent than ever before. This could be attributed to the fact that …
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The sharp decline in NFT sales and wallet activity has some people proclaiming the death of the non-fungible token space. The nonfungible token wing of the crypto space has declined even more rapidly than the broader market in the past month or so, after sales of NFTs sank 90% since they peaked in early May. Data …
BTC demand via Grayscale Bitcoin Trust is dropping for several key reasons. There is a reason why Grayscale Bitcoin Trust (GBTC) emerged as a benchmark to measure institutional interest in Bitcoin (BTC). Grayscale no longer the only option for investors The digital currency investment product was among the only ones that offered hedge funds, endowments, …
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Russia has officially legalized crypto trading this January but the government still doesn’t allow local banks to offer crypto services. Tinkoff, a major private bank in Russia, is struggling to offer cryptocurrency trading to its clients due to the central bank’s tough stance on digital assets. Tinkoff CEO Oliver Hughes said that the digital bank …
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One of the biggest Bitcoin critics, Russian official Anatoly Aksakov, said he wanted to buy Bitcoin before the ban, but the price was too high. Anatoly Aksakov, a member of Russia’s State Duma and a key spokesman for the country’s cryptocurrency legislation process, claimed that he has never owned any Bitcoin (BTC). Aksakov said that …
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