Interoperable DeFi platforms can help with Ethereum’s high transaction fees. The team behind the smart contract-enabled sidechain extension for Bitcoin, RSK, announced Tuesday that Maker’s Dai (DAI) stablecoin is now available on the platform. The integration makes it possible to transfer Dai from Ethereum to the RSK sidechain, which makes it available for use in […]
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Decentralized finance “may prove difficult to subject to regulatory requirements,” a regulatory adviser says. The European Commission’s newly proposed cryptocurrency regulations pose a specific risk for the decentralized finance (DeFi) industry, according to industry regulatory adviser XReg Consulting. Adopted by the European Commission on Sept. 24, the proposed Markets in Crypto-Assets (MiCA) regulations aim to strengthen […]
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CoinShares’ pleas last year went unheard as crypto futures and ETNs will be soon banned. In a landmark decision issued on Tuesday by the U.K.’s Financial Conduct Authority, companies in the country will no longer be able to offer cryptocurrency derivatives products such as futures, options and exchange-traded notes (ETNs) to retail customers. The decision […]
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BitMEX is maintaining respectable liquidity and open interest but the exchange could still face a total client exodus. For BitMEX, 2020 has been quite a rough year and from the look of things it’s only set to get worse. The popular derivatives exchange is no longer as relevant and impactful on crypto market price action […]
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Traders are attempting to kickstart a new trending move in Bitcoin and altcoins by attacking overhead resistance levels. A recent report by ARK Investment Management LLC presents a strongly bullish case for Bitcoin’s (BTC) future value. The group projects that Bitcoin’s network capitalization will rise to $1-$5 trillion over the next five to ten years. […]
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Whale clusters show three critical support levels Bitcoin must protect in order to see a larger rally in the near term. Bitcoin (BTC) whale clusters point toward three critical price levels to maintain a bullish market structure in the near term. Whale clusters form when large investors purchase Bitcoin and do not move it, making […]
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Xfers believes it’s time other national currencies received a piece of the action too. Singapore-based payments company Xfers announced on Monday the official release of its XSGD stablecoin, pegged to the Singapore dollar. The stablecoin would be one of the first SGD-denominated tokens, giving Singapore businesses and individuals a way to transact with crypto backed […]
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150,000 BTC from the now-defunct Bitcoin exchange Mt. Gox won’t likely hit the markets anytime soon. There is growing speculation that 150,000 Bitcoin (BTC) from the Mt. Gox trustee could move on Oct. 15. But many factors suggest that is highly unlikely given past records. Between 2011 and 2013, Mt. Gox lost 850,000 BTC in […]
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Donald Trump boosts markets with improving health prospects, but coronavirus is taking its toll — Bitcoin eyes macro moves. Bitcoin (BTC) rose to highs of $10,730 before settling lower on Oct. 5 as markets fluctuated in line with United States President Donald Trump contracting COVID-19. Cointelegraph takes a look at the factors set to influence […]
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Bitcoin could consolidate for a few more days but select altcoins have formed reversal patterns that may lead to a trending move. Investors are concerned about the stability of the cryptocurrency market after it was faced with a flurry of adverse news in the past few days. Fortunately, the markets have matured to the extent […]
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