Risk-averse BTC derivatives traders throw in the towel after futures contracts trade below the spot market price. Bitcoin’s (BTC) month-to-date chart is very bearish, and the sub-$18,000 level seen over the weekend was the lowest price seen since December 2020. Bulls’ current hope depends on turning $20,000 to support, but derivatives metrics tell a completely…
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The Sepolia testnet is the next in line after Ropsten to undergo a merge trial run since its Beacon Chain is now live and ready to give developers valuable information leading up to the real thing. The Sepolia testnet Beacon Chain has gone live, setting the stage for its merge dress rehearsal to give Ethereum…
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“There is not good evidence that unhosted wallets present a disproportionate risk of being used in illicit finance,” said the Treasury update. The government of the United Kingdom said it intends to modify a proposal that would have required crypto firms to collect personal data from individuals holding unhosted wallets that were the recipients of…
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President Joe Biden and Treasury Secretary Janet Yellen say that a U.S. recession is not inevitable, dismissing the concerns of many economists who have predicted an upcoming recession. In addition, Biden insisted that the U.S. will “overcome this inflation” while Yellen admitted that “inflation is unacceptably high.” Biden: U.S. Recession Isn’t Inevitable President Joe Biden…
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The chairman of the U.S. Securities and Exchange Commission (SEC), Gary Gensler, has warned the public about crypto investments that seem “too good to be true.” Meanwhile, the U.S. Treasury Department says that the recent crypto market turmoil underscores the urgent need for regulatory frameworks that mitigate the risks posed by digital assets. SEC Chair…
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El Salvador’s government is readying another crypto move – some nine months after it officially adopted bitcoin (BTC) as legal tender. Per ElSalvador.com, the website of the newspaper El Diario de Hoy, the state is unperturbed by the current “difficult scenario for digital assets,” and has teamed up with a Canadian company called Astro…
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South Korean prosecutors have banned an unspecified number of current and/or former Terraform Labs officials, including developers, from leaving the country. KBS, the South Korean state broadcaster, reported that the identity of two of the number had been confirmed – and that both were former high-ranking officials at the company or its affiliates…. Read…
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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. __________… Read More: First Short Bitcoin ETF in US, FATF Not Happy With VASPs, Inactivity Fee on Bitstamp + More News Read more »Pay, Trade, Buy Bitcoin with Credit Card
As Bitcoin (BTC) and the broader crypto market are trying to recover after diving below crucial levels this past weekend, analysts are digging into data, trying to identify the next steps in the market. “The selloff over the weekend can be considered to have plunged profitability and investors into a historically meaningful degree of financial…
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For years, the country has heavily subsidized its electricity production leading to extremely low prices. It claims that this has now become unsustainable. According to local news outlet Arz Digital, the day prior, Rajabi Mashhadi, a spokesperson for Iran’s Ministry of Energy, said that the entity would be cutting the power supply to all of…
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