Bitcoin is not welcome in Russia. The Central Bank of Russia, this year, put in place legislation that bans the issuance and circulation of cryptocurrencies. But officials in the country accept that an outright ban is unenforceable. Speaking on the country’s Digital Assets Bill, Alexey Guznov, the Director of the Bank of Russia’s Legal Department…
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CeFi and DeFi, these two concepts seem to be absolutely opposite from the day they were created. Especially at the moment, DeFi in the cryptocurrency space is growing day by day in terms of market cap and product diversity. Will DeFi be a more advanced form of financial service and eventually replace CeFi? The answer…
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Avalanche started trading on Binance with a bang. The latest Ethereum rival saw its native token, AVAX, rising by more than 1300 percent in its first hour of trading on September 22. A jump from $0.85 to $12.54 was enough for attracting profit-takers. Thereby, a strong sell-off ensured, and the price crashed. But despite the…
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Bitcoin could hit a new year-to-date (YTD) high, abetted in part by the risks surrounding the US presidential election. The analogy takes cues from a quarterly commodity outlook published by Citigroup. The American banking giant specifically based its report on gold and its potential behavior amid the election season this November. It noted that the…
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Chainlink (LINK) recovered sharply from the $7.35 support zone against the US Dollar. The recent rally is now facing a strong resistance near the $10.00 zone and the 100 SMA (H4). Chainlink token price started a strong upward move from the $7.32 low against the US dollar. The price is now facing hurdles near the…
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Chainlink (LINK) has embarked on a strong recovery over the past 24 hours after plunging over 50% from its all-time high set in August. The coin now trades up 15% in the past 24 hours, meaning it’s on the verge of reclaiming the $10 support level. LINK’s recovery comes as Bitcoin has undergone a strong…
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UNI – the governance token of the Uniswap platform – has been seeing some immense turbulence in the time since its launch. The hype surrounding the token – which was airdropped to all of Uniswap’s users – sent the price of the cryptocurrency rallying up to highs of $8.50. The token lost its momentum once…
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It’s been quite a boring month for Bitcoin. After plunging around $2,000 at the start of the month, the leading cryptocurrency has entered a tight consolidation range between $10,000 and $11,000, bouncing back and forth between those pivotal technical levels. As of this article’s writing, BTC trades for $10,700, at levels that some analysts have…
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Weeks ago, XRP outperformed the rest of the market, surprising Ripple investors and other crypto holders alike. A recovery looked to be in full effect, but the altcoin has since fallen back to the bottom of weekly cloud support where bulls are trying to hold. If the cryptocurrency loses cloud support on weekly timeframes, it…
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Bitcoin’s price action as of late has done little to offer investors with insights into its near-term outlook. Its price has mainly been oscillating between highs of $11,000 and lows of $10,000, with each attempt to break out of this tight trading range resulting in the cryptocurrency seeing massive inflows of selling pressure that force…
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