Some cryptocurrencies have retraced from their highs, back to prices seen several years ago. Several crypto assets are currently priced near their mid-2017 valuations, potentially offering a second chance to latecomers. One major caveat, however — these assets may never reach their highs again, or even rise at all from here. Buyers beware and do […]
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He’s been dismissive of all things crypto for years, but does he have a point this time? Known for his previous comments criticizing the crypto industry, economist Nouriel Roubini recently posted fresh negativity against the digital asset sector. “DeFi was vaporware from its onset,” he said in a Sept. 24 tweet. “Now totally faltering as […]
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Cross-chain money markets hope to drive liquidity to DeFi for top-performing assets, but will the concept catch on? Decentralized finance has seen impressive growth throughout 2020. To put this into perspective, a new report from Cointelegraph Consulting shows that the total value locked in DeFi jumped past $6 billion in August while in June, the […]
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Will centralized exchanges continue to provide the regulated environments required for digital assets to evolve into the mainstream, or will the future belong to DEXs? Decentralized exchanges are undoubtedly an exciting development in crypto. DEXs facilitate the trading of cryptocurrencies directly between users, without the need for a trusted intermediary. This, in turn, allows users […]
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China faces economic risk as illegal gambling operators move 1 trillion yuan in funds from the country, partially in crypto, says a government official. Illegal gambling and casinos result in the outflow of over a trillion yuan annually (around $146.5 billion) from China, said Liao Jinrong, the director general of the International Cooperation Department under […]
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Backed by players like Ripple and ConsenSys, the INATBA association responds to the EC’s legislative proposals on crypto. Major players in the global cryptocurrency community have addressed the European Commission’s new legislative proposals on digital assets. The International Association for Trusted Blockchain Applications, or INATBA, has released an initial response to the Markets in Crypto-Assets […]
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A long-term downtrend flips to form bullish support as Willy Woo says Bitcoin’s days of tracking traditional markets are numbered. Bitcoin (BTC) may soon “decouple” from traditional assets, says statistician Willy Woo as a key gold relationship breaks out of a long-term downtrend. In a tweet on Sep. 25, Woo forecast that Bitcoin would act […]
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U.S. citizens appear to be opposed to a digital dollar despite expressing concerns over the existing financial system. A new study by crypto mining firm Genesis Mining suggests the majority of U.S. citizens are against the introduction of a Central Bank Digital Currency. A survey conducted by Genesis mining discovered that out of the 400 […]
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The website of the Binance exchange is still available without additional access tools, platform says crypto funds are safe. Authorities in Russia appear to be going after Binance — the world’s largest cryptocurrency exchange — as its domain is now in the list of prohibited websites in the country. On Sept. 24, Binance officially announced […]
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The Bitcoin Cash community appears to be signaling support for the upcoming BCHN fork, with 82% of hash power supporting the implementation. The potential Bitcoin Cash fork in November is looking increasingly likely, with 63% of the last 1,000 BCH blocks being mined using the community’s breakaway Bitcoin Cash Node (BCHN) implementation. BCHN appears to […]
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