After a sharp decline towards USD 17,650, bitcoin price recovered and settled above the USD 18,000 level. However, it is facing a strong resistance near USD 18,500 and USD 18,580. The price is currently (05:00 UTC) consolidating well above USD 18,200 and it could make another attempt to break the USD 18,500 resistance. Similarly, most…
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South Korea’s securities exchange operator Korea Exchange (KRX) will step up its monitoring of crypto-related stocks after a volatile few weeks for listed companies with links to the crypto industry. Although no South Korean crypto exchange has yet gone public, a number of firms with crypto companies on their portfolios are listed on the KRX…
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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 Fidelity Digital Assets (FDA) will allow its institutional customers to pledge bitcoin (BTC) as collateral against cash loans in a partnership with blockchain startup BlockFi, Bloomberg reported, citing Read more »Pay,…
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Blockchain and cryptocurrencies have the potential to disrupt the financial status quo, but they can also reform the existing legacy financial services such as banks and insurance companies by adding an additional tech layer on top of their activities, according to the participants of a panel discussion held during this year’s Paris Blockchain Week Summit…
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Regulators could bite off more than they can chew if they choose to overplay their hand on crypto regulation, central banks will inadvertently drive up the value of crypto in 2021 and Ethereum (ETH) will remain the platform to watch next year: These were some of the conclusions of a new report by US-based major…
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Ray Dalio. Source: A screenshot, Youtube/Talks at Google Ray Dalio, American billionaire investor and founder of major global investment firm Bridgewater Associates, has suggested that the world’s number one crypto, bitcoin (BTC), may be a good asset for one to diversify their portfolio. In a recent Reddit ask-me-anything (AMA) session, Dalio touched on the burning…
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The mainstream financial media is getting bullish about bitcoin (BTC)’s long-term prospects, claiming that the token is “starting to make progress on its ambition to replace the United States dollar as a medium of exchange.” Until recently, most economic experts have dismissed talk of BTC edging out the dollar in any scenario as distinctly fanciful.…
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After a long battle, bitcoin price started a bearish wave below the USD 19,000 support level. BTC broke the USD 18,500 support level and moved into a short-term bearish zone. The price is currently (05:00 UTC) down 6% and it could struggle to stay above the USD 18,000 level. Similarly, there was a strong bearish…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news In November, total trading volume on crypto exchanges surpassed USD 900bn, according to latest report by CryptoCompare, a provider of the crypto market data. However, it’s still lower than during the…
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Now that bitcoin (BTC) has redeemed itself and started its series of hitting all-time highs, it appears to have settled in another narrow range where it could be stuck for weeks or even longer. However, compared to the previous cycle, the world’s largest crypto asset appears to be “right on track” and “the similarities between…
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