The President of Abkhazia lifts country’s ban on crypto-related activities
Sep18

The President of Abkhazia lifts country’s ban on crypto-related activities

That may not necessarily be a good thing for the struggling state. The de facto state of Abkhazia threw the towel on its fight against crypto mining, with the president recently announcing measures to lift the nation’s current ban.  According to Finanz.ru, Aslan Bzhania stated on Thursday that his government plans to introduce “the most optimal mechanism” to regulate crypto mining, rather than maintaining the state’s current...

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Yearn.Finance (YFI) Flies 15% Percent From Local Price Floor, Fractal Targets $60K+
Sep18

Yearn.Finance (YFI) Flies 15% Percent From Local Price Floor, Fractal Targets $60K+

Yearn.Finance continues to defy all other DeFi tokens and gravity itself with its unstoppable rise to stardom. The crypto token has bounced over 15% from its local bottom, but a fractal playing out could send YFI flying high to another new record. Yearn.Finance Flips Support As Resistance, Readies Another Rally In technical analysis, there isn’t much more significant than a support and resistance flip. When price action passes through...

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Price analysis 9/18: BTC, ETH, XRP, DOT, BCH, BNB, LINK, CRO, LTC, BSV
Sep18

Price analysis 9/18: BTC, ETH, XRP, DOT, BCH, BNB, LINK, CRO, LTC, BSV

Bitcoin and altcoins are facing selling near key resistance levels, but for now the possibility of a sharp fall remains low. The U.S. Federal Reserve recently hinted that it could keep interest rates near zero at least through 2023. The Bank of England went a step ahead and said that it could explore options for cutting rates below zero in order to support an economy battered by the coronavirus lockdowns and the upcoming Brexit. In...

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“Unusual” BTC Miner Outflow Could Behind Today’s Bitcoin Price Collapse
Sep18

“Unusual” BTC Miner Outflow Could Behind Today’s Bitcoin Price Collapse

Bitcoin as a cryptocurrency underpinning a blockchain network secured by miners leaves the asset’s price susceptible to sell pressure from the very parties that keep it chugging along. It very well could be BTC miners dumping some Bitcoin for profits or to cover operating expenses that prompted the fall in the cryptocurrency’s valuation today. Are Bitcoin Miners Behind Today’s Selloff And Fall From $11,000? According to a bulletin...

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Technical Indicators Say Now Is the Time to Buy Bitcoin
Sep18

Technical Indicators Say Now Is the Time to Buy Bitcoin

Despite it’s recent (and brief) spike beyond the $11,000 range, bitcoin isn’t quite where we’d like it to be. The currency, while slightly bullish at the time of writing, isn’t exhibiting nearly the same price behavior it was weeks ago when it first rose above the $12,000 mark. If You’re Looking to Buy Bitcoin, Now May Be the Time But some analysts say that’s a good thing, and that for the first time in roughly six months, bitcoin’s...

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Is USDC’s Billion Dollar Growth A Sign Crypto Smart Money Is Ditching Tether?
Sep18

Is USDC’s Billion Dollar Growth A Sign Crypto Smart Money Is Ditching Tether?

The talk of the crypto market recently has been the sudden substantial increase of Tether printed and its potential impact on Bitcoin. But what they’ve failed to realize, is that the USDC supply has also doubled over the last two months. Is this a sign that smart money crypto holders are slowly but surely ditching Tether for other stablecoins? USD Coin Market Cap Doubles In Two Months, But Why? Once upon a time in the crypto market,...

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Early Bitcoiner got into the space due to his lack of Blackjack skills
Sep18

Early Bitcoiner got into the space due to his lack of Blackjack skills

Bitcoin losses hurt more as the price goes up. Joel Birch, co-founder of automated crypto investment platform Stacked, detailed his initial dive into Bitcoin (BTC) as a way of gambling on the internet.  “I bought my first Bitcoin because I was playing Blackjack online,” Birch told Cointelegraph in an interview. “Bitcoin was about $250 a piece, and so, back in 2015, I lost what would be the equivalent of hundreds of...

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MicroStrategy’s CEO reveals the company’s surprising Bitcoin buying strategy
Sep18

MicroStrategy’s CEO reveals the company’s surprising Bitcoin buying strategy

Such an effort may show long-term dedication to the asset class. Mainstream business intelligence behemoth MicroStrategy has made a number of headlines in recent days for its initial $250 million Bitcoin (BTC) investment. The company later poured a subsequent $175 million into the asset — a lengthy endeavor totaling almost 100 hours of work.  “To acquire 16,796 BTC (disclosed 9/14/20), we traded continuously 74 hours, executing...

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UK Mulls Over Negative Interest Rates, US to Keep Near Zero Rates for Years
Sep18

UK Mulls Over Negative Interest Rates, US to Keep Near Zero Rates for Years

The Bank of England is now seriously considering implementing negative interest rates while the U.S. Federal Reserve has pledged to keep interest rates near zero for years. Some analysts say even the Fed will soon consider negative interest rates. Meanwhile, many expect a boost to the price of bitcoin. Central Banks Mull Over Negative Interest Rates The U.S. Federal Reserve and the Bank of England made major announcements this week....

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Law Decoded: E Pluribus SHA-256
Sep18

Law Decoded: E Pluribus SHA-256

New developments at the state level in the U.S. defined this week’s regulatory news. By way of disclaimer, today’s Law Decoded is going to be especially America-centric. Writing to you from the ghastly swamp that is Washington, D.C., I generally try to keep these newsletters more globally minded, displeased as I am with how often the news cycle acts like this town is the center of the solar system.  Thematically, however, the...

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Mystery shoppers reveal that banks are struggling with COVID-19 response
Sep18

Mystery shoppers reveal that banks are struggling with COVID-19 response

Despite the COVID-19 pandemic, banks are reluctant to suggest alternative channels to their customers, says report. A recent study examined the response of the 15 leading North American banks to the COVID-19 pandemic. Researchers discovered that tellers only at three banks wore masks 100% of the time.  Participants visited 700 bank branches across the continent belonging to leading institutions, such as Bank of America, Chase,...

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Ethereum enterprise adoption wins Accenture’s support with Baseline Protocol
Sep18

Ethereum enterprise adoption wins Accenture’s support with Baseline Protocol

Ethereum enterprise adoption is being driven by support from major players such as Accenture and EY. The first stage of the highly anticipated upgrade to the Ethereum blockchain, Ethereum 2.0, is expected to launch by the end of this year. Promising to increase the throughput and lower the latency of the Ethereum mainnet, these steps are likely to bring wider adoption in business and commerce. Ben Edgington, product owner for Teku —...

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Bitcoin Shoots Past $11K… Then Falls Again
Sep18

Bitcoin Shoots Past $11K… Then Falls Again

Bitcoin broke $11,000 earlier this morning. Unfortunately for all of us, it didn’t last. The currency rose beyond the $11K level only to fall back to $10,800 – a $200 fall within just a few hours. This is exactly what happened when bitcoin first struck $12,000 in August. The behavior suggests that perhaps $11,000 is the new resistance station that bitcoin will have to overcome. Bitcoin Shoots Beyond the $11K Level Having said that,...

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US Stock Indices Dow Jones, SPX Tank, Taking Down Bitcoin In Tandem
Sep18

US Stock Indices Dow Jones, SPX Tank, Taking Down Bitcoin In Tandem

Bitcoin has been collapsing after failing to hold $11,000, and it could be thanks to negative sentiment surrounding a tanking stock market that’s taking the crypto market down in tandem. Here’s why things could get really bad for Bitcoin and the rest of the crypto space if major US stock indices continue to plunge. Major US Stock Indices S&P 500, Dow Jones, Drop On Today’s Quadruple Witching The S&P 500 is down more than 7%...

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Bitcoin-based artwork smashes records, sells for $100k
Sep18

Bitcoin-based artwork smashes records, sells for $100k

Many artists work their entire lives and never see their work sold for this kind of price tag. “Right Place & Right Time,” a digital art piece based on Bitcoin’s fluctuating price action, has sold for more than $100,000. “The Master NFT of Right Place & Right Time was sold to TokenAngels for $101,593. — but happy to call it $100,000,” Matt Kane, the art’s creator, told Cointelegraph on Sept. 18.  NFT...

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