Bitcoin price spiked above the $56,000 resistance against the US Dollar, but it failed to continue higher. BTC is could correct lower, but the 100 hourly SMA is likely to provide support. Bitcoin extended its rise above the $55,500 and $56,000 resistance levels. The price is now trading well above $54,000 and the 100 hourly…
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The Wallstreetbets collective has denied their involvement with the Wallstreetbets cryptocurrency. A Reddit post by u/OPINION_IS_UNPOPULAR claims an ex-mod is behind the scam, which he describes as a “crypto pyramid scheme.” In February, at the height of the Wallstreetbets mania, it emerged that the mods had split over a potential movie deal. A power struggle…
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Payments giant Visa has been expanding its involvement with Bitcoin and cryptocurrencies. Per their Q2, 2021, Earnings Call, the company has a long roadmap and many plans to integrate these assets into its payment network. Al Kelly, Chairman, and CEO at Visa talked about the “opportunities” the company is and would like to explore with…
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A solution based on VeChain will help people in Cyprus to combat Covid-19. The Digital Transformation Consultant at Mediterranean Hospital of Cyprus, Chris Pana, announced the launch of the new E-HCert App. Built as part of a partnership with i-Dante, a company specialized in pharmaceutical and healthcare solutions, the app will operate as an “electronic…
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Gnosis and Balancer Labs announced the deployment of the Balancer-Gnosis-Protocol (BGP), a new decentralized exchanged running on top of Ethereum. Felix Leupold, Software Engineer Lead at Gnosis, broke down some key points on the protocol and how it will help users to trade with better cost-efficiency. The Balancer-Gnosis Protocol will converge two components, as part…
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Turkey’s fiat currency, the Lira (TRY), is in serious trouble – especially against Bitcoin – with consumer price inflation reaching an alarming 16% in March of this year. In January of 2008, the Lira traded at near-parity with the US Dollar but is currently near its all time low of 8.5 TRY to the USD.…
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Bitcoin and Ethereum are booming, altcoins are surging, and other crypto categories like DeFi and NFTs have taken off like never before. Money is being made on digital currencies and it is highly visible in the public eye due to mainstream media coverage of the cryptocurrency revolution. With more eyes on the asset class, it…
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Up-and-coming derivatives exchange GlobeDEX – or Globe as it’s simply known – has closed a private round worth $18 million. A host of blockchain VCs lined up to back the exchange on its mission to create an advanced trading platform that can cut it with the best of them. Its team, who can’t be accused…
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In a rapidly transforming world, making hay while the sun shines is definitely the wisest road to progress. Success, in whatever domain, comes to those who keep with the time. Considering the ongoing bull run, this is especially true of the blockchain-cryptocurrency sector. Bitcoin’s price has stayed above the $50,000 mark for some time now,…
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In distinguishing real-world use versus speculative investing, IOG CEO Charles Hoskinson said he derides DeFi in its current state. The comments come as Cardano announced securing a contract with Ethiopia’s Ministry of Education for a blockchain-based ID system. This accomplishment is part of Cardano’s pan-African strategy that intends to improve lives by providing new systems.…
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