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“# Uzbekistan has no plans to ease crypto payments ban, says official ” The Republic of Uzbekistan will never adopt cryptocurrencies like Bitcoin (BTC) as a payment method, according to a central bank official. Behzod Khamraev, deputy chairman of the Central Bank of Uzbekistan (CBU), predicted that local authorities will never allow residents to use…
“# Bitcoin technicals: Incoming ‘golden cross’ presents potential bottom for BTC price ” Bitcoin (BTC) and the cryptocurrency market had a shakeout this week as the fake news surrounding Litecoin (LTC) caused a spike in volatility. However, the structure of the market didn’t change. In fact, Bitcoin’s price might be bottoming out as a Golden…
“# Zip eyes millennials with planned launch of crypto trading in the US next year ” Australian “buy now, pay later” (BNPL) firm Zip, the smaller rival to Square’s recently-acquired Afterpay, is hitching its future growth prospects to the cryptocurrency industry. Zip USA CEO Brad Lindenberg told attendees at the company’s first retail investor day…
“# Bitcoin bull run expected as ‘exhausted’ bears sell at a loss ” Bitcoin (BTC) bears are “exhausted” and are even selling at a loss this week, fresh data confirms. In a tweet on Tuesday, Philip Swift, an analyst at trading suite platform Decentrader, espied an ongoing bullish trend in spent output profit ratio (SOPR)….
“# Bitcoin worth $2 billion moves for just $0.78 ” Block data from Blockchain.com reveals that a colossal Bitcoin (BTC) transaction worth $2 billion was processed on Monday night. Despite the enormous financial value, the unknown wallet holder only paid 0.00001713 BTC fees equivalent to $0.78. Although it is unknown what the purpose of this…
“# Deutsche Boerse-owned Eurex debuts Bitcoin futures trading ” Eurex, a derivatives exchange owned by German stock market operator Deutsche Börse, has debuted cryptocurrency derivatives trading with ETC Group’s Bitcoin (BTC) exchange-traded note (ETN) futures product. Eurex officially announced Monday the launch of the Bitcoin ETN Futures contract developed by London-based crypto derivatives issuer ETC…
“# BTC price nears $46K with Bitcoin exchange reserves lower than November 2020 ” Bitcoin (BTC) preserved a higher low overnight on Sept. 14 in what one analyst believes may lead to sustained recovery. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Analyst: Time for “inevitable” Bitcoin supply shock Data from Cointelegraph Markets Pro and TradingView…
“# El Salvador’s Bitcoin wallet is ‘95% fixed,’ President Bukele says ” Just a week after Bitcoin (BTC) became legal tender in El Salvador, President Nayib Bukele has admitted that the rollout of the state Bitcoin wallet was too much of a challenge. Chivo, El Salvador’s official Bitcoin wallet, has temporarily disabled new registrations and…
“# Bitcoin price flirts with $40K, but derivatives data is still bullish ” The price of Bitcoin (BTC) is facing an intense period of volatility since moving from a $52,950 top on Sept. 7 to a $42,800 low just two hours later. More recently, the $45,000 support was held for a couple of days despite…
“# Price analysis 9/13: BTC, ETH, ADA, BNB, XRP, SOL, DOT, DOGE, LUNA, UNI ” Bitcoin’s (BTC) failure to make a strong recovery in the past few days has resulted in profit-booking in most major altcoins, threatening to pull the total crypto market capitalization back below $2 trillion. The U.S. equity markets witnessed profit-booking and…