Despite the recent selloff, some cryptoassets did much better than others last week, as the market started showing some early signs of a potential recovery. The top five coins leading the market out of the slump were decentralized finance (DeFi) darlings polygon (MATIC), enjin coin (ENJ), decred (DCR), uniswap (UNI), as well as crypto platform…
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Bitcoin price remained stable above the USD 34,000 support zone. As a result, BTC started a steady recovery above the USD 35,500 resistance. It even surpassed the USD 36,500 level and it is currently (12:20 PM UTC) showing signs of a possible move towards the USD 38,500 resistance. Besides, most major altcoins are showing signs…
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The epic war between Ripple (XRP) and the US Securities and Exchange Commission (SEC) has entered a new chapter, with the latter writing to the court to claim Ripple has been on a PR offensive in a bid to warp the public’s view of the XRP token. The long struggle revolves around the SEC’s claim…
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Chia Network, the developer of blockchain and "smart transaction" platform with a cryptocurrency branded as a “green” alternative to Bitcoin (BTC), has reportedly caused a global shortage of hard discs, whilst its president Gene Hoffman denies the cryptocurrencies’ bad impact on the environment. Chia Network uses proof-of-space (PoSp) consensus algorithm in Read more »Pay, Trade,…
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Bitcoin price remained well supported above the USD 37,000 level. BTC started a fresh increase and it surpassed the USD 38,500 level. It is currently (12:20 PM UTC) showing positive signs and it might surge above USD 40,000 and USD 40,500. Similarly, most major altcoins are trying to gain bullish momentum. ETH is back above…
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Internet computer (ICP) has entered the list of the top 10 cryptoassets by market capitalization list, while the non-profit organization dedicated to building and promoting it, Switzerland-based DFINITY Foundation, announced a USD 223m fund that will focus on developer grants, accelerator programs, and startups developing open-internet services on the network. The Read more »Pay, Trade,…
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Bitcoin price remained strong above the USD 38,000 resistance level. BTC even broke the USD 40,000 level and traded close to USD 41,000. It is currently (12:20 PM UTC) correcting gains, but it might continue higher towards USD 42,000 in the near term. Similarly, most major altcoins are gaining bullish momentum. ETH broke the USD…
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The Bank of Korea (BOK), South Korea’s central bank, is set to pilot its prototype digital KRW beginning in August as the country increases the pace of its central bank digital currency (CBDC) adoption plans. And it looks as though three of the nation’s biggest tech giants are keen to take part. Both Naver, the…
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China’s forthcoming digital yuan may not be set to make a mark on the international monetary scene after all – and could, at least initially, be limited to domestic user-cases, experts have stated. The stakeholders, including Michael Sung, the founder of CarbonBlue Innovations, were speaking at a session entitled “Contest of the Century? Geopolitical Impacts…
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While some 56% of surveyed crypto hedge funds declare that bitcoin (BTC) was responsible for at least half of their daily crypto trading volume in 2020, with 15% of the funds trading solely in bitcoin, they were also looking into other cryptoassets. Among the top traded coins by daily volume last year, the funds pointed…
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