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“# Dip-buyers anticipate further downside after Bitcoin price falls to $38K ” The cryptocurrency market is in the midst of another lackluster day as Bitcoin (BTC) price dipped below $40,000 ahead of the Federal Open Market Committee (FOMC) meeting where officials intend to discuss whether interest rates should be raised or kept near zero. While…
“# Crypto and ‘meme stocks’ shunned by 90% of UK financial advisers ” More than 90% of 200 independent financial advisers (IFA) in the United Kingdom who participated in a recent poll by research agency Opinium have indicated negative cryptocurrency sentiments with over a third reporting an increase in cryptocurrency-related inquires from clients since the…
“# Jack Dorsey notes lobbying efforts to get Ethiopian gov’t to embrace Bitcoin ” Twitter CEO and crypto proponent Jack Dorsey has highlighted the efforts of a lobby group pushing the Ethiopian government to embrace Bitcoin (BTC). In a Wednesday tweet, Dorsey shared a Twitter thread from Project Mano, an Ethiopian-based lobbying group that is…
“# Kyber expands to Polygon, announces $30M ‘Rainmaker’ liquidity mining program ” Decentralized finance (DeFi) liquidity hub Kyber Network (KNC) is set to become the next DeFi protocol to enter the expanding Polygon (MATIC) ecosystem. In a statement issued on Wednesday, Kyber announced the launch of Rainmaker — a liquidity mining program on the platform’s…
“# Bitwise secures $70M in Series B funding from major Wall Street investors ” Bitwise, a four-year-old crypto asset management firm has closed a Series B funding round, raising $70 million in fresh capital from investors. According to a report by CNBC on Tuesday major Wall Street figures like billionaire investor and Bitcoin (BTC) proponent…
“# Proposed crypto ban legislation reportedly under review by India’s government ” India’s government is reportedly reviewing modalities for banning or regulating cryptocurrencies in the country. According to Bloomberg Quint, reports indicate that the government is in talks with financial regulators and industry stakeholders to examine the provisions of an earlier proposal that effectively called…
“# Regulations drive Korean exchanges to delist, warn against high risk coins ” South Korea’s cryptocurrency market continues to transform under the weight of mounting regulatory pressures. Major crypto exchanges such as Upbit have this week moved to delist or warn against specific digital assets they have judged to be high-risk for investors. The…
“# El Salvador minister says it’s too early to use Bitcoin for wages ” El Salvador’s Minister of Labor and Social Welfare has said that the country is not yet ready to adopt Bitcoin (BTC) for salary payments. In a Wednesday tweet, Rolando Castro denied local reports which claimed that his ministry had begun analyzing…
“# Ethereum price bounce to $2.6K fails to excite neutral-to-bearish pro traders ” While speaking at the Virtual Fintech Forum in Hong Kong on May 27, Ethereum co-founder Vitalik Buterin commented on obstacles related to the Ethereum 2.0 rollout. Buterin said that there had been several internal team conflicts in the past five years and…
“# Democratic lawmakers have formed group to address regulatory concerns around crypto ” Maxine Waters, who represents California’s 43rd congressional district in the U.S. Congress, said she had organized a group of Democratic lawmakers for a deep dive on cryptocurrencies and central bank digital currencies. In a Tuesday virtual hearing of the U.S. House of…