Central banks are seemingly looking to steal the show from decentralized cryptocurrencies as they are also aiming to increase financial inclusion by issuing central bank digital currencies (CBDCs). China "We still have a lot of remote areas, or poor areas, and in those areas people are underbanked and they cannot enjoy mobile payment services. This…
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As a lawyer implied would happen, a prominent law firm sent a cease-and-desist letter to the alleged creator of the new, fast-turned-controversial, blockchain-based social network BitClout. Major US-based law firm Anderson Kill has sent a letter to Nader Al-Naji, who they understand launched the site, representing Brandon Curtis, the product lead for decentralized token Read…
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Bitcoin price settled below the USD 55,500 and USD 55,000 support levels. BTC is consolidating losses and it is currently (12:30 PM UTC) trading above USD 54,000. If there is no upside break above USD 55,000, there is a risk of more losses below USD 53,800. Similarly, most major altcoins are trading below key supports.…
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The criticism against what turned out to be one of the most controversial crypto projects this year (so far) is heating up. Many high-profile players are growing increasingly angry with the new, high-profile-investors-backed project called BitClout. The first question that was in many people’s tweets in the past day was ‘what’s BitClout?’ The questions grew…
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In a potentially ominous sign for the South Korean crypto community, the nation’s deputy prime minister Hong Nam-ki has called the crypto market “overheated.” Politicians speaking out in disapproval of crypto is not uncommon in many regions, but readers with good memories may recall that the last time Hong used this sort of vocabulary to…
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Recent statements by an attorney who claims to have attended a court hearing in the ongoing US Securities and Exchange Commission (SEC)’s case against blockchain company Ripple might have helped XRP today. At the time of writing (14:07 UTC), XRP, ranked 7th by market capitalization, trades at USD 0.563 and is up by 11% in…
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After approaching the positive zone last week, the market sentiment stopped in its tracks it seems – not moving either way. The average 7-day moving crypto market sentiment score (sentscore) for ten major coins remained 5.91 – exactly where it was a week ago, as shown by the data provided by crypto market sentiment analysis…
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Bitcoin price is seemingly regaining strength and it is back above the USD 58,000 resistance. BTC even cleared USD 58,500 and it is currently (12:30 PM UTC) gaining momentum. If it clears USD 59,200, there could be a fresh attempt to clear the USD 60,000 resistance. Similarly, most major altcoins are gaining momentum for a…
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A financial expert has hit out at the Russian Central Bank’s digital ruble project, hinting that it amounts to a plan to control the entire financial system – and claiming that if this is the case, it will fail both on the domestic and the international stages. Speaking to Regnum, Konstantin Ordov, a professor of…
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The US Securities and Exchange Commission (SEC) explained why they require personal financial information about executives in their case against blockchain company Ripple, claiming it to be the only way to see XRP movements in full, and determine if and how much the executives "enriched themselves." In the legal battle in which the regulator claims…
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