Category: cryptocurrencies

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VORTECS™ Report: How this quant-style indicator foreshadowed Axie Infinity’s rally to a new ATH

AXS wrested control of the 2021 bull market to become one of the top-performing tokens, and Cointelegraph’s Markets Pro indicators accurately tracked each step of the journey. Every week, subscribers of Cointelegraph’s Markets Pro data analytics platform receive a detailed breakdown of the top performers of the week and the VORTECS™ Score indicator’s performance in…
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Axie Infinity hits a new ATH at $155 while Bitcoin bulls aim for $50K

AXS, CVP and POLS lead altcoins higher while Bitcoin bulls search for a way to reclaim the $50,000 level. The wider cryptocurrency market fell under pressure on Oct. 4 as the momentum generated by Bitcoin’s (BTC) weekend spike above $49,000 was overshadowed by more global concerns related to the global financial system, rising inflation and…
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Bitcoin price dips are being ‘bought up strongly,’ but a $50K close remains key

Analysts identify the key levels BTC needs to hold in order to see continuation above $50,000. Bulls flexed their muscles on Oct. 4 and proof of this came as Bitcoin’s (BTC) price rallied within $500 of the $50,000 mark. This move toward the key psychological resistance helped to pull the Crypto Fear & Greed Index…
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South African University to Commence Blockchain and Digital Currency Education in November

A South African university, the University of Cape Town (UCT) has revealed it will commence blockchain and digital currency classes starting in November. According to the institution, students that enroll and complete the $693 six-week course will be issued a legal certificate. Better Understanding of Blockchain As explained on UCT’s website, students that successfully complete…
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Korean crypto exchange Upbit to halt withdrawals for unverified users

Major South Korean crypto trading platform Upbit will start gradually limiting services for unverified users this week. South Korean cryptocurrency exchange Upbit will soon halt services for unverified users. On Saturday, the company officially announced a set of changes to its customer verification system in compliance with South Korea’s mandatory Anti-Money Laundering (AML) requirements. According to…
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Brazil aims to tighten penalties for crypto-related financial crimes

The penalties are part of a new piece of legislation that also regulates crypto trading and payments. Brazilian lawmakers are working to provide stricter regulations for cryptocurrency-related crimes, approving a set of new penalties for laundering money with crypto. Brazil’s Special Committee of the Chamber of Deputies has approved a bill that significantly tightens penalties…
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Cryptocurrencies Have ‘No Intrinsic Value’ Says South African Hedge Fund Guru

Jean-Pierre Verster, the founder of a South African hedge fund Protea Capital Management, has said he does not believe there is “intrinsic value” in cryptocurrencies. He insists that cryptocurrencies have “elements of a Ponzi scheme” and for that reason, he has not invested in them. A ‘Wonderful Technology’ In remarks made during an interview,…
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Russia, US in Top 3 for Crypto-Related Threats, Cybersecurity Report Unveils

Threats related to cryptocurrency have followed prices, decreasing significantly after the market slump in May, suggests a recent report released by a leading internet security firm. Detections fell by almost a quarter but Russia remains the most affected country, with the U.S. ranking in the top three as well. ESET: 1 in 10 Crypto-Focused Threats…
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Money in 2030: A future where DeFi and CBDCs can work together

In coexistence with mutual benefits, decentralized finance and central bank digital currencies will finally make money universally available worldwide. Decentralized finance (DeFi) is changing the way that people all over the world think about money faster than any previous financial revolution. Banks, which have monopolized the way we’ve accessed money since antiquity, are finally seeing…
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Bitcoin price surge to $49K prompts several altcoins to hit new all-time highs

AXS, LUNA and a handful of altcoins rallied to new highs shortly after Bitcoin price rallied to $49,200. On Sunday bulls made their intentions clear by briefly pushing Bitcoin (BTC) price above the $49,000 level, a move that prompted many traders on crypto Twitter to call for the top-ranked digital asset to knock down the…
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