While its two-week-long undecidedness had then been followed by a drop, over the course of the past week the market sentiment jumped up and back into the positive zone. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins took a relatively large step up from 5.69 recorded a week ago to…
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Bitcoin price is consolidating below the USD 58,500 resistance level and is currently (12:30 PM UTC) showing a few positive signs. A successful daily close above USD 58,000 could open the doors for a steady increase. Besides, most major altcoins are showing signs of more possible gains. ETH is trading above USD 2,000 and it…
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Brad Garlinghouse. Source: a video screenshot, Youtube, Bloomberg Brad Garlinghouse, the CEO of Ripple, appears to have reeled in some of his criticism of bitcoin (BTC) after a backlash on social media, while Ripple itself last week scored a legal victory of sorts. As reported last week, the Ripple chief, who is currently fighting a…
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The Bank of Japan headquarters. The central Bank of Japan (BoJ) has come good on its promises to begin testing a prototype for a digital yen before the end of Spring. Per Reuters, the BoJ has begun a series of tests that will run until March 2022, and will test the “technical feasibility of issuing,…
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Russia’s Central Bank wants to position itself as the country’s digital economy center of gravity – and appears ready to pave a way for its forthcoming digital ruble to gain market dominance. And it wants to make sure of that by placing a limit on the use of stablecoins in settlements. Per Interfax, Ivan Zimin,…
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Bitcoin price is following a strong uptrend above USD 59,000. BTC is currently (12:00 PM UTC) trading near USD 60,000 and it might accelerate higher in the near term. The next major target for the bulls could be USD 62,000. Similarly, most major altcoins are also gaining bullish momentum. ETH is trading above USD 2,000…
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Statue of the Lying Buddha of Miamsa Temple in Naesan-myeon, Buyeo-gun, South Korea. The circulation of a local stablecoin operated by South Korea’s Buyeo County has exceeded the USD 93m mark as the county looks to expand the use of its token. Per Kuki News, the county has enabled near-field contact (NFC) payment methods using…
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Source: Instagram, Coinbase Among six of the major crypto exchanges, Coinbase listings have the biggest effect on a coin’s price, according to a researcher at the crypto intelligence firm Messari. Its report noted the so-called ‘Coinbase Effect’ as a well-known phenomenon referring to the positive effects that an announcement of an asset listing on this…
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The de facto South Caucasus state of Abkhazia’s crypto mining miseries continue to deepen, with the government set to criminalize mining – and extend a mining ban as power supplies continue to experience disruption. As previously reported, anarchic scenes have become commonplace as large-scale miners have been driven out of town by angry, lawless mobs,…
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March came to an end, and with it the first quarter of 2021. Both turned out to be very green for the crypto market. As a matter of fact, not a single coin’s price from the top 50 by market capitalization dropped over the past three months, and only one among the top 100 did.…
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