Senior political and economic figures have warned banks that they risk falling behind to digital finance networks and providers – and suggested it may be unsafe to overuse the “magic money tree” that has helped central banks around the world navigate their way through the coronavirus pandemic and its economic fallout. Today, the speakers were…
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The market looks healthier this week after its participants were spooked by worrying reports, according to Jeff Dorman, Chief Investment Officer (CIO) at a US-based blockchain- and crypto-focused investment advisor Arca. As many other cryptos and tech stocks soared, bitcoin (BTC) tanked, said Arca, stressing that the reason behind this is leverage, as it Read…
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Bitcoin price gained momentum above the USD 33,500 resistance, but it failed to stay above USD 34,500. BTC started a fresh decline and traded below the USD 33,500 pivot level. It is currently (05:00 UTC) trading well below USD 32,400 and it remains at a risk of more downsides. Also, bitcoin’s weakness dragged most major…
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The rising Earth above the lunar horizon. Most crypto advocates are familiar with the expression “to the moon,” but few have contemplated going beyond the figurative and actually putting bitcoin (BTC) on the Earth’s satellite. Enter MrBeast, a YouTuber with 50 million-plus followers – and a seemingly hair-brained plan to send BTC 30 (USD 988,000)…
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Bitcoin mining rigs. Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Bitcoin news Bitcoin (BTC) mining difficulty, the measure that shows how hard it is to compete for mining rewards, has reached a new all-time high of 20.82 T on January…
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Andrew Bailey, the Governor of the British central bank. Source: A video screenshot, Youtube/Bloomberg Markets and Finance Andrew Bailey, the Governor of the British central bank, the Bank of England, has told the World Economic Forum that crypto, stablecoins, and digital currency projects are still yet to “land” on the design and governance models required…
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Ethereum (ETH) rally has been fuelled by decentralized finance (DeFi), but what if there were a simpler way to use bitcoin (BTC) in DeFi too – the yield opportunity would lead to more demand and to institutional levels of capital, according to blockchain analysis firm Chainalysis’ chief economist. At 11:00 UTC, ETH is trading at…
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After US-based business intelligence company MicroStrategy (MSTR) revealed its relatively small USD 10m bitcoin (BTC) deal last Friday, Marathon Patent Group (MARA), another Nasdaq-listed entity, said it purchased BTC 4,812.66 for an aggregate purchase price of USD 150m. Shares of both companies jumped in the first trading hour on Monday. (Updated at 15:06 UTC with…
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Source: Adobe/chomplearn_2001 The Central Bank of Bahrain (CBB) has issued a license to CoinMENA, a Bahrain-headquartered new crypto exchange preparing for its launch, allowing the business to offer its services across the region in compliance with the Sharia law. CoinMENA aims to make its platform available in Bahrain, as well as the UAE, Saudi Arabia,…
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The world’s number one crypto moved up and above USD 32,000 again as US-based business intelligence company MicroStrategy revealed its relatively small USD 10m bitcoin (BTC) deal. On Friday afternoon, 14:37 UTC, bitcoin climbed from the USD 29,400 level to which it had dropped earlier in the day, and is trading at USD 32,565, after…
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