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Tanzania central bank may rescind crypto ban after presidential endorsement
25.6.2021
President Samia Suluhu Hassan’s positive stance on crypto could see Tanzania’s central bank reversing its previous cryptocurrency prohibition
Chinese Banks Received $1t in Forex Deposits in May
25.6.2021
According to the People’s Bank of China’s announcement, foreign exchange deposits in China have crossed the $1 trillion mark for the first time. Economists believe that this will give the Chinese government a lot more freedom to allow the outflow of capital from the country. A major reason for this...
Sushi to Launch Full Product Suite on Harmony
25.6.2021
Since deploying natively on Harmony’s blockchain in May, Sushi is now deepening its collaboration with Harmony after revealing plans to bring its full decentralized finance (defi) product stack onto the blockchain with accompanying incentives designed to drive greater participation....
Waiting game: Why Friday’s $6B in Bitcoin and Ethereum expiries may not move the market
24.6.2021
Traders are looking for BTC and ETH to make a decisive move ahead of Friday's $6 billion in quarterly futures and options expiries, but what does back-tested data show?
Bitcoin in uptrend but BTC may never beat gold's $10T market cap — ex-NYSE head
24.6.2021
Thomas Farley, former chief operating officer of the New York Stock Exchange, is "sanguine" about recent price action
Aussie state government blockchain platform may prevent a tower block inferno
24.6.2021
The platform will track the material resources, subcontractors and construction process used to build Aussie homes
Simplex Tie-Up With Kava Brings Fiat Directly to Defi
23.6.2021
As Kava works to expand its multi-asset defi platform’s appeal, the inclusion of Simplex’s fiat-to-crypto processing infrastructure will provide a fresh avenue for users to enter the defi ecosystem with fewer steps and conversions. New On-Ramp to Streamline Defi Accessibility...
A ‘seismic mining shift’ may be driving Bitcoin price below $30K: Report
22.6.2021
The benchmark cryptocurrency slipped briefly under the $29,500-level this Tuesday as a Glassnode report indicated possibilities of miner capitulation in China
Death Cross Appears on Bitcoin Charts, But It May Mean Nothing at All
22.6.2021
Both Crypto- and non-Cryptospheres are discussing a "death cross" that appeared on bitcoin (BTC) charts, which is seen by some traders as a bearish signal that indicates lower prices to come. However, it seems there is no actual proof that death cross means or "confirms"...
New World Bank Report: Nigeria’s Exchange Rate Policies Fueling Inflation, Affecting Food Prices
21.6.2021
Nigeria’s use of multiple exchange rates regimes may have contributed to a rise in the country’s inflation rate, the latest World Bank report has said. In addition, the report says ongoing restrictions on the use and movement of foreign exchange are “further pushing up prices...
$135K for December: Stock-to-Flow Creator Lays out Bitcoin’s ‘Worst Case Scenario for 2021’
21.6.2021
The pseudonymous creator of the popular stock-to-flow (S2F) bitcoin price model, Plan B, has published his “worst case scenario for 2021” predictions on social media on Sunday. The analyst says there’s also a “more fundamental reason” to why bitcoin prices have been...
3 reasons why Ethereum may underperform Bitcoin in the short-term
20.6.2021
Ether could take longer than 12 months to regain ground versus Bitcoin due to increased uncertainties surrounding the shift to ETH 2.0 and reservations from institutional investors
Bitcoin may lose $30K price level if stocks tank, analysts warn
19.6.2021
Downside risks for BTC price are also heightened due to the recent dollar bounce
Chinese Bitcoin mining shakeout may have surprise BTC price consequences — analyst
18.6.2021
Bitcoin's production cost is dropping, and price action often rebounds to new highs if it dips below it, data shows
Co-Owner of Mirror Trading International Opposes Plans to Liquidate the Bitcoin Scam Outfit
18.6.2021
In the latest twist to the Mirror Trading International liquidation saga, Clynton Marks, a co-owner of the bitcoin Ponzi outfit, has opposed attempts to have a court grant a final liquidation order. Marks, who reportedly owned 50% of MTI, argues that the liquidation application...
Bitdao Collects $230 Million in Private Capital From Investors
17.6.2021
As the decentralized finance movement proves its staying power and resilience, one of the world’s largest decentralized autonomous organizations, Bitdao, has concluded a private fundraising round to promote mass adoption of open finance. DAO to Allocate Capital Towards Improving Defi...
Looming ‘death cross’ may put Bitcoin bull run in danger ahead of Fed meeting
16.6.2021
Analysts anticipate Bitcoin to continue its recovery rally above $40,000 on increasing anti-inflation bets. But a looming death cross could spoil the upside outlook
US Fed Inactivity May Lead Bitcoin to Moon, But a Negative Impact is Possible
16.6.2021
The US Federal Reserve (Fed) is set to wrap up its two-day meeting today, ending with Chairman Jerome Powell holding a press briefing - and with many expecting lack of action to follow, the Cryptoverse insiders see this as potential fuel for the rocket that'll take bitcoin (BTC) and other cryptos...
Crypto Regulation and Decriminalization May Be on their Way in Africa
15.6.2021
The Lake of Tunis, a natural lagoon located between the Tunisian capital city of Tunis and the Gulf of Tunis. As El Salvador forges ahead with its bitcoin (BTC) adoption plans, in Africa, there are signs that hardline crypto policies could be set to soften, or even give way to crypto inclusion.
In...
Bitcoin Remittances to El Salvador Surge 300% Ahead of BTC Becoming Legal Tender
15.6.2021
Bitcoin remittances to El Salvador jumped more than fourfold in May from the previous year, according to data from blockchain analytics firm Chainalysis. Last week, El Salvador passed a bill making bitcoin legal tender in the country alongside the U.S. dollar. The monthly bitcoin transfers of under...