Bitcoin was trading lower on Thursday, ahead of tomorrow’s monthly nonfarm payrolls (NFP) report. The U.S. labor market has recently shown signs of slowing, following data this week reporting that nationwide job openings had fallen. Ethereum also dropped on the prospect of the NFP report, which is expected to come in at 250,000 jobs. Bitcoin…
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In this week’s Africa news highlights, the Nigerian central bank blames speculators for causing the local currency’s plunge to a new all-time low on the parallel market. In Kenya, the central bank has told financial institutions to cease having dealings with two Nigerian fintechs, Flutterwave and Chipper Cash. The Central African Republic’s token sale is…
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After extending recent gains, bnb rose to its highest point in two months during today’s trading session. The move comes following tweets from Binance CEO Changpeng Zhao, confirming a new partnership with Swiss watchmaker Franck Muller. Ethereum classic, on the other hand, was lower for a second straight session. Binance Coin (BNB) BNB, the native…
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Bitcoin price attempted an upside break above the USD 23,500 resistance zone. BTC struggled to gain momentum and declined below USD 23,000. It is currently (11:40 UTC) trading near USD 22,900 and is down over 2% in a day and is unchanged in a week. Similarly, most major altcoins are also moving lower. ETH failed…
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Multiple Portuguese banks have begun closing accounts belonging to crypto exchanges due to “risk management”-related reasons – and the country’s central bank appears to have given the financial institutions its blessing…. Read More: Portuguese Banks Stop Offering Services to Crypto Exchanges, Citing ‘Risk’ as Rationale Read more »Pay, Trade, Buy Bitcoin with Credit Card
After a nearly two-month-long drop streak, Bitcoin (BTC) mining just got a bit more difficult. Bitcoin mining difficulty, or the measure of how hard it is to compete for mining rewards, went up 1.74% today, going from 27.69 T to 28.17 T. The rise follows three consecutive drops, a streak that began in the second…
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In what is described as the first insider trading case related to crypto in the US, a former product manager at major exchange Coinbase and his brother have pleaded not guilty to wire fraud charges. The defense is based on the assumption that cryptoassets are not securities or commodities, and for this reason, the case…
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Indicating that some major financial players have not been scared away from cryptoassets by the ongoing market downturn, the Fairfax County Retirement Systems, a US pension fund with assets totaling USD 6.8bn, has unveiled it is looking to invest in crypto lending markets to ramp up its returns…. Read More: USD 6.8B Pension Fund to…
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Warren’s letter urges OCC to collaborate with Fed and FDIC to develop an alternative cryptocurrency approach “that adequately protects consumers and the safety and soundness of the banking system.” The United States Senator Elizabeth Warren is continuing her anti-crypto campaign, this time proposing legislation that would effectively shut down bank-provided cryptocurrency services, according to a…
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The proposal calls for a separate 20% tax on crypto earnings and exemptions of any tax on crypto gains, with losses carried forward for up to three years. The Japan Crypto-Asset Business Association (JCBA) and the Japan Crypto-Asset Exchange Association (JVCEA), the two prominent crypto advocacy groups in Japan, released a tax reform request that…
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