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Bitcoin Cash was issued in July 2017 after it forked the original Bitcoin's blockchain. It made a record high of $2,947 during the peak of the 2017 bull market. However, despite early optimism, adoption of Bitcoin Cash as a payments network has paled into insignificance compared to its sibling. Source
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The Monetary Policy Committee promises to keep an eye on the indications of the long-lasting inflationary pressures in the economy. It plans to monitor the labor market, wage growth, and hike in service prices. The Bank of England hit the market with a 50 basis point hike to interest rates in
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The product will allow for traders to invest with both low and high risk appetites. Original Source
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Given recent developments, "the time may be right to expand into this sector," using either Iris Energy's existing sites or the ones under construction, the company said. The miner has procured items with long lead times to expand to build out another 100 megawatt (MW) facility, which would bring its
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The largest crypto by market cap benefited from last week's pause in interest rate hikes, but a market analyst suggests that cuts may be necessary for prices to rise significantly in the future. ALSO: Indonesia updates its list of digital assets approved for trading in the country. Source
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The European Securities and Markets Authority will set out proposals next month for how the EU’s new Markets in Crypto Assets (MiCA) rules should work in practice, including the forms and notifications that crypto companies and established funds have to follow in order to offer services within the bloc. Source
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Following the Fed interest rate pause announcement, the price of BTC broke major price support, raising concerns about a continued decline. The Federal Reserve announced on Wednesday that it would maintain its interest rate at 5.25%, marking the first time since January 2022 that the rate would remain unchanged. According to
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The central bank digital currency must be usable offline from day 1 to safeguard privacy, the draft law says. Source
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Bitcoin's price has been pinned below $26,300 since June 10, reflecting a 14.8% correction in two months. Meanwhile, the Nasdaq tech stock market index gained 13.6% in the same period, indicating that investors are not exactly fleeing to the safety of cash and short-term debt. In fact, the demand for
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Data has shown that the US Treasury yields fell as the traders and investors expect the Fed to either increase or postpone a rate hike. US Treasury yields fell on Wednesday as the market anticipates the Federal Reserve’s decision on subsequent interest rate hikes. The 2-year Treasury yield fell to 4.656%,
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