Bitcoin price spiked above USD 40,000, but there was no upside continuation. It is currently (11:49 UTC) trimming gains and trading below USD 38,900. BTC is down 2% in a day and more than 3% in a week. Similarly, most major altcoins are trimming gains. ETH declined heavily after it failed to test the…
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Roger Ver, the early Bitcoin (BTC) evangelist-turned Bitcoin Cash (BCH) supporter known as ‘Bitcoin Jesus’, is now voicing his support for Dogecoin (DOGE), calling it better than BTC. The strange turn of events comes as BCH continues to lose ground against its competitor BTC. Speaking in an interview with Bloomberg on Thursday, Ver said…
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Some Chinese citizens now appear to be paying their taxes in the digital yuan, with the pilot gathering pace in the nation’s fast-growing pilot area. Per Hangzhou.com, a number of government organs in Zhejiang province are trialing solutions that involve “the online transfer of digital yuan” to pay taxes, with the cities of Hangzhou,…
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Privacy coin Zcash (ZEC) has revealed that Edward Snowden, the US National Security Agency (NSA) whistleblower, is John Dobbertin, the final pseudonymous participant in the coin’s trusted setup process. The announcement was released by Zcash Media, a division of film production house 37 Laines, in an interview with Snowden which was included in The…
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The MP architect of a draft Panamanian private member’s bill that proposes allowing the use of crypto as a form of payment has claimed that there are key differences between his proposed law and the Bitcoin Law adopted in El Salvador last year…. Read More: Panamanian MP: Our Draft Crypto Law Is Different from…
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The CEO of the major crypto exchange Binance, Changpeng Zhao (CZ), has said the Gulf countries, including the United Arab Emirates’ financial hub Dubai, have a “great regulatory climate” for crypto, and governments in the region understand that crypto is the future of fintech…. Read More: CZ Praises Gulf Countries for ‘Great’ Regulations, Binance…
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Bitcoin price started a fresh decline below the USD 41,200 support zone and spiked below the USD 40,000 support before recovering. It is currently (11:49 UTC) consolidating near the USD 40,500 level. BTC is down almost 5% in a day, trimming its weekly gains to 1%. Similarly, most major altcoins are holding downtrend support.…
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Chinese media outlets have been reporting on a new first for the digital yuan – with the central bank-issued token used to pay a court-issued fine for the first time. Per Chinaqw, on April 19, a man surnamed Wei, the plaintiff in a motor vehicle traffic accident liability dispute case, had been handed a…
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A blog post and what appears to be a glitch from the crypto exchange Coinbase, fueled speculations that Optimism, a second layer scaling solution for Ethereum (ETH), could be about to launch its own native token. The speculations about whether the popular Ethereum scaling solution is launching its own token started when the team…
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EOS, the native token of the EOSIO protocol, is rallying on the news that the network is bringing Ethereum Virtual Machine (EVM) compatibility, which would allow developers on the EOS network to create smart contracts using the popular programming language Solidity. At 10:58 UTC, EOS was trading at USD 2.76 and was up almost…
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