Cryptocurrency Analysis and News Portal
Bitcoin price failed to extend gains above $7,700 and declined more than $400 against the US Dollar.The price is now trading below $7,400 and it declined close to the $7,260 support area.Earlier, there was a break below a contacting triangle with support near $7,500 on the hourly chart of the
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Ripple price is still struggling to gain momentum and declining below $0.1920 against the US dollar.Yesterday, XRP failed to rise substantially, while bitcoin and Ethereum climbed more than 5%.Recently, there was a break below a major bullish trend line with support near $0.1955 on the hourly chart of the XRP/USD
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Ethereum is down more than 5% and it broke the $130 support area against the US Dollar.The price is currently testing the $125 and $126 support levels, with a positive bias.Earlier, there was a break below a contracting triangle with support near $132 on the hourly chart of ETH/USD (data
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The Bank of China has recently issued 20 billion Chinese yuan ($2.8 billion) of special bonds, which it has sold in order to fund small and micro-enterprise businesses, according to the China Development Network. This recent issuance of $2.8 billion in bonds is nothing to look twice at and was largely
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Tencent, the operator of Chinese social media app WeChat, is planning to create a digital currency research group for the further advancement of blockchain technology research projects.On Dec. 23, Chinese media outlet iFeng reported that the Chinese internet giant released a statement to its employees saying that the company
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The People’s Bank of China’s (PBoC) deputy director Mu Changchun said that the digital form of the yuan will be different to Bitcoin (BTC) and stablecoins.Chinese news outlet South China Morning Post reported on Dec. 22 that the head of the digital currency research institute at the PBoC said
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Major cryptocurrency payment service provider BitPay has confirmed that its service had a temporary outage of Bitcoin (BTC) payments on Dec. 22.Bitcoin payments were briefly unavailable for almost 3.5 hours on BitPay as the company was working to fix transaction issues, BitPay Support tweeted Dec. 22. According to the
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Peter McCormack is one of the most prominent podcasters in the space. In 2019, he added a new podcast called “Defiance” and focused on the intersection of bitcoin, human rights, and political activism to complement his “What Bitcoin Did” podcast. In this special end of year episode of The Breakdown,
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Binance’s decentralized exchange is a better target for criticism over being centralized than Ethereum, Vitalik Buterin believes.In a recent Twitter discussion, Ethereum co-founder Buterin triggered a wave of argument over decentralization in the crypto industry, particularly Binance DEX as well as Ethereum itself.Criticizing Ethereum for being centralized is bad,
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United States-based cryptocurrency brokerage BitOoda has secured $7 million funding from major investors including former senior investment exec at JPMorgan.Founded in 2017, BitOoda positions itself as a digital asset financial services platform that combines digital finance and applied science.Investors are former execs from British Petroleum, JPMorgan and S&P Global
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