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“# UK advertising watchdog flags crypto ads ‘red alert’ priority ” Amid the United Kingdom taking a tougher regulatory stance on the cryptocurrency industry, a major local advertising industry organization has announced a crackdown on crypto ads. The Advertising Standards Authority (ASA), the U.K.’s independent advertising regulator, plans to launch a major effort this month…
“# Shanghai Man: Central bank speaks out, BTC searches down and HK fund backs Animoca ” This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations. China crackdown: Week 7 The summer of…
“# Is Bitcoin overbought or oversold? Use Bollinger Bands to find out! ” Trading is neither an exact science nor art. It is a mixture of both. There are scores of publicly available indicators and each claims to be the best. However, none of them are perfect or designed to be used in isolation. One…
“# 3 reasons why Ethereum exchange reserves are falling to new lows ” Over the past week, astute crypto market analysts noticed some interesting developments related to the supply of Ether (ETH) as the network’s August 4 London hard fork approaches. Recent data from CryptoQuant, an on-chain analytics firm, indicates that the amount of Ether held…
“# Bullish on Ethereum’s London hard fork? Here’s an options strategy pro traders use ” The Ethereum network will undergo a major upgrade on Aug. 4, as the long-awaited London hard fork is expected to launch at block 12,965,000. The transition is part of a roadmap leading to the Ethereum 2.0 release, which aims to…
“# Balancer launches stable pools for like-kind swaps ” Balancer, a popular automated market maker for cryptocurrencies, has launched a new protocol feature designed to lower fees and improve the trading execution for like-kind waps. Stable pools “are designed specifically for assets that trade at a similar price,” wrote Fernando Martinelli, the co-founder and CEO…
“# Bank of America reportedly establishes crypto research team ” A new team at the second-largest bank in the United States will reportedly be devoted entirely to researching cryptocurrencies. According to a Thursday Bloomberg report, Alkesh Shah from Bank of America’s data and innovation strategy group will be leading a team looking into digital assets….
“# Thailand’s central bank warns against using digital currencies for payments ” The Bank of Thailand has issued a warning to crypto holders who use their digital assets as a medium of exchange, saying if these practices become widespread it may take strong regulatory measures. In a Thursday statement, the central bank said anyone who…
“# Bitcoin electricity consumption falls to November 2020 levels: Data ” Bitcoin’s total estimated annual electricity consumption has plummeted nearly 60%, falling from the all-time peak above 143 terawatt-hours (TWh) in May to as low as 62 TWh in early July, according to data from Cambridge Bitcoin Electricity Consumption Index (CBECI). This is the lowest…
“# Crypto usage in Turkey jumped by elevenfold in a year, new survey shows ” Turkey’s crypto userbase grew more than 11 times over the last year, a new survey from Turkish crypto exchange Paribu shows. The “Cryptocurrency Awareness and Perception Survey 2021” was conducted by Akademetre Research, revealing the perceptions and behaviors of Turkish…