Bitcoin price rallied to $12,470 and if $12,000 holds as support bulls will target prices north of $15,000. In the previous weeks, altcoins gained momentum while Bitcoin (BTC) was hovering against the psychological barrier at $12,000. After a few weeks of consolidation, the price of Bitcoin finally broke the resistance zone of $12,000. However, it’s […]
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A sudden charge to $12,200 causes instant pain for shorters as one analyst described it as a “clear fake-out to take liquidity.” Bitcoin (BTC) triggered $24 million of liquidations on BitMEX alone Aug. 17 as a fresh move saw markets reclaim $12,000. Cryptocurrency market daily snapshot, Aug. 17. Source: Coin360 BTC price “clear fake-out” costs […]
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The idea is strong, but until decentralized exchanges become more user-friendly, centralized exchanges will still be popular. With Decentralized Finance (DeFi) gaining steam, exchanges like Binance find ways to co-exist with innovations like DeFi. Binance Co-Founder and CEO Changpeng Zhao (CZ) said DeFi is an innovative space and investing decentralized exchanges will not be a […]
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Bitcoin is both a long-term safe haven and short-term speculative asset, Ball said. Former Prudential Securities chief executive and current chairman of Sanders Morris Harris George Ball sees Bitcoin as a safe haven for those looking for different investments. In an interview with Reuters on August 14, Ball admitted he was previously a “Bitcoin opponent” […]
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The growth of decentralized exchanges in 2020 has been phenomenal, but there is a hard ceiling with current technology. Decentralized exchanges, also known as DEXs, have risen significantly in popularity since the start of 2020, with both their user bases and volumes growing at an accelerating pace. The sector is currently being driven by so-called […]
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Indian crypto exchange WazirX plans to attract current users and institutional investors with its market maker protocol. One of the leading cryptocurrency exchanges in India, WazirX, today said they are gearing up to develop and launch their first decentralized finance product in partnership with the Matic network. In an announcement shared with Cointelegraph, the company […]
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New muscle from law enforcement investigating crypto suggests that government innovation may be slow but the government gets what it wants. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note DeFi has stolen the show lately. Spectacular rises and falls of unaudited tokens […]
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Wall Street firms are waking up to the prospect of holding Bitcoin as a hedge against uncertainties in the mainstream equities market. Bitcoin (BTC) adoption by big-money players is once again on the agenda following the recent $250 million BTC purchase by MicroStrategy. Industry commentators have also stated that corporations plugging into Bitcoin will provide […]
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Thailand’s central bank assesses the chances of bringing centralized and decentralized together. Thailand’s central bank is looking at smart contracts and decentralized finance (DeFi) implementations for its national digital currency, the digital baht. Vijak Sethaput, senior developer for the Bank of Thailand’s (BoT) central bank digital currency project Inthanon, discussed the country’s CBDC progress in […]
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Ripple CEO Brad Garlinghouse says the network is working as planned. Ripple (XRP) CEO Brad Garlinghouse has responded to criticism from New York Times technology reporter Nathaniel Popper after news surfaced that Santander Bank is still hesitant to use the company’s native token XRP. Popper took aim at Garlinghouse, citing statements by the CEO in […]
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