Cryptocurrency Analysis and News Portal
A new study from financial services giant Deloitte highlighted the potential of Bitcoin (BTC) as a base to create a cheaper, faster and more secure ecosystem for electronic fiat currency or central bank digital currency (CBDC).Deloitte’s analysis, titled State-Sponsored Cryptocurrency, pointed out the need for a complete redesign of the
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Binance, the world’s biggest crypto exchange by trading volume, announced earlier on Tuesday that it will be temporarily pausing deposits and withdrawals for Polygon (MATIC) Network.The announcement came in the wake of the Polygon network’s outage since March 11 after a network upgrade. The crypto exchange noted that it would
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Bitcoin dropped and U.S. stock futures nursed losses as interest rate derivative traders expect that the U.S. Federal Reserve (Fed) could raise rates seven times this year and the tightening cycle would peak at a level higher than previously anticipated. Original Source
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Major global cryptocurrency exchange FTX is expanding operations in the United Arab Emirates by receiving a virtual asset license in Dubai.The license is apparently granted under a new cryptocurrency law adopted last week in Dubai, with Dubai Virtual Asset Regulatory Authority (VARA) becoming a major crypto regulator in the Emirate’s
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Japan’s top financial regulator has asked cryptocurrency exchanges in the country not to process transactions subject to asset-freeze sanctions. The penalty for unauthorized payments to sanctioned persons includes three years in prison. Japan’s Financial Regulator and Ministry of Finance Ask Crypto Exchanges to Comply With Sanctions Restrictions Japan’s top financial regulator, the
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With blockchain slowly finding its way into the video gaming industry, sector veterans and executives of nonfungible token (NFT) blockchain WAX believe that there will be more connections between games and blockchain networks in the future.In a Cryptox interview, WAX head of publishing David Kim and WAX Studios head of game
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Bitcoin (BTC) saw a fresh brief short squeeze overnight on March 15 with bulls still attempting to crack $40,000 resistance.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTraders uninspired by market compositionData from Cryptox Markets Pro and TradingView showed BTC/USD reaching highs just short of the psychological barrier Tuesday before returning to previous
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Analysts says that the market crash in Hong Kong is being driven by regulatory not monetary policies, which is why the contagion has not spread to crypto. Original Source
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press release PRESS RELEASE. IHC token team just announced a contest of video content creation with a prize pool of 100 million IHC tokens among Youtubers. All Youtube content creators with above 5k subscribers can compete by posting a full explanatory video on “Inflation Hedging Coin” between March 15 and
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Over the past week, long-term holders of Bitcoin increased their spending to a level that suggests de-risking from the market, but hodling remains the predominant investing strategy.Uncertain macroeconomic headwinds are likely to have precipitated the increase in the sell-offs last week by long-term holders and shaken some short-term holders out
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