Cryptocurrency Analysis and News Portal
On its face, the retail sales report from the U.S. Census Bureau for June showed some weakness, with the headline number rising 0.2% last month versus forecasts for 0.5% and May's 0.5%. However, the retail sales "control group" – which filters out some components to compile a more precise gauge
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Privacy advocates scored a big win in June with Binance’s announcement that it was backtracking on a decision to delist privacy coins for users in a number of European countries.As a result of the move, users in Italy, Poland, Spain and France will be permitted to continue trading tokens including
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The exchange’s share in ETH staking dropped to 9.7%, the lowest since May 2021, as the SEC sued Coinbase for offering unregistered securities this month. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On-chain data indicates that bitcoin (BTC) and ethereum (ETH) have observed negative exchange net flows in the past week, contrasting the positive net flow witnessed with tether (USDT). Amid this trend, the bitcoin supply last active in
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The new development aligns with the country’s ambition to become a prominent global hub for crypto. In a bold move aimed at embracing the crypto revolution in Hong Kong, the country’s banking regulator has reportedly exerted significant pressure on major financial services companies, including HSBC and Standard Chartered Bank, to accept
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"Due diligence on potential customers should not “create undue burden”, particularly “for those setting up an office in Hong Kong to look for the opportunities here”, the April 27 letter from the HKMA said to the banks, reported the Financial Times. Original Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Amid the mounting regulatory pressures on cryptocurrency exchanges, Blockstream CEO Adam Back highlights the inherent resilience and adaptability of the crypto industry, insisting that it will continually find ways to navigate and thrive despite these challenges. Adam
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Nigerian economic experts have said the country’s five-year-old currency swap agreement with China has not eased the pressure against the Nigerian currency. According to one expert, implementation of the swap arrangement is being held back by the size of the trade imbalance between Nigeria and China Easing Pressure on the Naira According
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According to a recent announcement from Binance US, the American-based subsidiary of the largest cryptocurrency exchange by volume, the exchange plans to delist the cryptocurrency asset tron. The news follows Binance’s being sued by the U.S. Commodity Futures Trading Commission (CFTC), and Tron founder Justin Sun’s being sued by the
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Token unlocks are significant events that have the power to sway the market as participants react to the move. The addition of tokens to the market allows early investors, developers, or other holders to sell their assets while the price is still high – which contributes to selling pressure. Source
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