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“The Merge narrative on ETH has been getting a little cloudier,” said Joshua Lim, head of derivatives at Genesis Trading. “The complications around a proof-of-work fork could create some market dislocations and the geopolitics of Pelosi's Taiwan visit are weighing on price." (Genesis is owned by Digital Currency Group, which
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Bitcoin (BTC) saw volatility after the Aug. 2 Wall Street open amid ongoing market reactions to tensions between the United States and China.BTC price U-turns as Pelosi lands in TaipeiData from Cryptox Markets Pro and TradingView showed BTC/USD spiking above $23,000 on the day as news came in that Nancy Pelosi,
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"Our short-term [bitcoin] indicators are mixed, but a greater loss of short-term momentum would support a retest of support (~$18,300-$19,500), below which secondary support is near $13,900," Katie Stockton, a chartered market technician and founder and managing partner of Fairlead Strategies, wrote in a weekly analysis published Monday. "Intermediate- and
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The country's financial regulator sent a letter to the banking association asking credit card companies to stop taking on crypto firms as merchants. Source
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Taiwan’s Financial Supervisory Commission (FSC), a chief financial regulator, issued a note to the banking industry, indicating that they should not grant the virtual assets providers (VASPs) the status of merchant in operations with credit card holders. That means a de-facto ban on buying crypto with a credit card on
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The company, which was burned during the last major bear market, did not mention crypto mining in its last earnings report; bitcoin loses its gains from the previous day. Original Source
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Share prices of Asus, Gigabyte and MSI have fallen amid a massive drop in pricing for graphics cards as Ethereum's transition to a proof-of-stake protocol nears; ether and other cryptos also gain. Original Source
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Red Door Digital will use the $5 million seed round from several high-profile venture firms to create games that are technologically superior but also entertaining; bitcoin rose solidly, but altcoins even more. Source
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At the time of publication, bitcoin, the largest cryptocurrency by market capitalization, was trading trading at about $37,500, down over 3% for the previous 24 hours. Ether, the second-largest crypto by market cap, was off about 1.6% over the same period. Other major cryptos were in negative numbers. Source
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Taiwan’s police administration has reportedly arrested 14 people for running a $5.41-million (150 million New Taiwan dollars) investment scam over the past year, involving more than 100 cryptocurrency investors.CIB investigator Kuo Yu-chih said that the scam was led by a local businessman named Chen, who ran the operation on social
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