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“# Shanghai Man: Economist says El Salvador ‘on road to death’, salaries paid in e-CNY … ” Our Man in Shanghai has refused to let recent regulations slow down the news coming from China. Enterprise blockchain, central bank digital currencies and start up projects continue to make a positive impact in a region hoping to…
“# Bitcoin retests $37K support, gold and stocks drop lower over Fed comments ” Bitcoin (BTC) price dropped another notch to $37,365 today after a failed attempt by bulls to retake the $40,000 level. The renewed slump comes as the stock market and commodities also pulled back as a result of Federal Reserve Chair Jerome Powell’s…
“# GOP U-turn: House Republicans begin accepting cryptocurrency donations ” The National Republican Congressional Committee, or NRCC, announced Thursday that it will begin accepting campaign donations in cryptocurrency as a part of a broader effort to retake the House and stop Democrats from pursuing their policy agenda. “The NRCC is proud to lead the charge…
“# Not sure if the bulls are back? Here’s how the golden cross spots trend reversals ” The most important aspect in trading is to correctly identify the long-term trend. Once this is done, the rest of the steps are not very difficult because all a trader needs to do is look for buying opportunities…
“# Hawaii had largest increase in demand for crypto out of US states this year ” A new report from MiQ Digital indicates that demand for cryptocurrency has increased the most in the U.S. states of Hawaii and California in 2021. According to data gathered from Google Trends comparing the average interest from 2020 to…
“# As NFT market cools, a chance to learn lessons from its explosive growth ” What a difference three months makes. Back in March, there was a jubilant atmosphere when Beeple’s mega nonfungible token sold for $69.3 million. You didn’t have to look far to find bold proclamations that crypto art was the next bold…
“# Bulls aim to reclaim $40K ahead of Friday’s $520M BTC options expiry ” Bitcoin (BTC) bulls have little reason to celebrate the 25% rally over the past nine days. After testing the $31,000 support on June 8, top traders’ optimism faded, and even the recent $41,000 high was unable to boost their expectations. Contrary…
“# NBA 76ers joins fan token platform Socios ” Socios, the blockchain-based platform responsible for tokenizing many popular sports franchises, has said the Philadelphia 76ers basketball team will be joining its roster. In a Thursday announcement from Socios, the platform said as part of the partnership the 76ers, or the Sixers, will integrate branding from…
“# Crypto IRA integrates Coinbase Custody as trade volumes top $1.5B ” Cryptocurrency IRA and 401(k) provider iTrustCapital has integrated Coinbase Custody into its platform, offering retirement planners more robust security for their digital-asset investments. The integration means iTrustCapital clients will have their assets secured by Coinbase Custody’s cold storage, offering another layer of protection…
“# Bitcoin first ‘genuinely new asset class’ in 150 years, says Ric Edelman ” Ric Edelman, founder of financial advisory outfit Edelman Financial Engines, described Bitcoin (BTC) and crypto assets as a “completely new and different asset class” that has nothing in common with mainstream staples like stocks, bonds, real estate, oil, or commodities, to…