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Sri Lanka’s Cabinet approved the formation of committee that will study the rules and regulations governing digital banking, blockchain, and crypto mining in other nations, as well as methods to prevent money laundering, terrorism financing and other criminal activities related to those technologies. The body will also study Know-Your-Customer processes. Original
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Bitcoin price stayed above the key $40,750 support zone against the US Dollar. BTC is rising and it could soon rally above the $45,000 resistance. Bitcoin started a recovery wave above the $42,800 and $43,000 resistance levels. The price is now trading above $43,000 and the 100 hourly simple moving average. There was
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Ethereum tested the $3,380 zone before it corrected lower against the US Dollar. ETH price is still trading above $3,300 and it might attempt another upside break. Ethereum started a fresh increase above the $3,300 and $3,320 resistance levels. The price is now trading above $3,250 and the 100 hourly simple moving
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Bitcoin price this week blasted off from $30,000 to $40,000 in a 25% move. Although the momentum was provided by an epic short squeeze, the leading cryptocurrency by market cap could continue to run much higher if diagonal downtrend resistance is broken. The breakout would confirm what looks like a bump-and-run
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Six blockchain organizations in the Asia Pacific signed a memorandum of understanding (MOU) today to collaborate on advocacy and public education in blockchain. It is the first formal agreement among the different blockchain organizations across ASEAN and Australia, said Chia Hock Lai, co-chairman of the Blockchain Association Singapore, in an interview
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While the Bank currently has no plan to issue central bank digital currency (CBDC), from the viewpoint of ensuring the stability and efficiency of the overall payment and settlement systems, the Bank will prepare thoroughly, including implementing experiments, to respond to changes in circumstances in an appropriate manner. In the
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Bitcoin price started a fresh increase after a drop towards $53,000 against the US Dollar. BTC is now forming an inverse head and shoulders, with chances of a break above $58,000. Bitcoin is showing positive signs above the $55,000 support zone. The price is now facing resistance near $58,000 and the
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Ethereum is holding gains above $1,750 against the US Dollar. ETH price is likely setting up for a crucial upside break above the $1,850 and $1,880 resistance levels. Ethereum is showing a few positive signs and it is trading nicely above $1,750. The price is now well above $1,750 and the 100
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