Day: May 17, 2022

Miami and New York City coins tank despite Mayoral endorsements

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Despite being publicly endorsed by the respective mayors of both cities, MiamiCoin (MIA) and NewYorkCityCoin (NYC) have plunged 90% and 80% since their all-time highs. According to data from CoinGecko, the price of MIA has dropped 92% since its ATH of $0.055 on Sept. 20 to sit at $0.004 at the time of writing. While NYC’s value has fallen by 80% since its March 3 high of $0.006 to trade at $0.0014. With investors getting burned across many other crypto assets of late, demand for MIA and NYC coins has…

Indian Regulator SEBI Proposes Banning Public Figures From Endorsing Crypto Products – Regulation Bitcoin News

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The Securities and Exchange Board of India (SEBI) has reportedly proposed banning public figures, including celebrities and sportsmen, from advertising and endorsing crypto products. The regulator also proposed that public figures be held liable for any law violations when promoting crypto products. SEBI’s Crypto Advertising and Endorsement Proposal The Securities and Exchange Board of India (SEBI), the country’s securities and commodity market regulator, has proposed prohibiting public figures, including celebrities and sportsmen, from endorsing crypto products, Businessline reported last week. In addition, the regulator proposed requiring advertisers to disclose possible…

Stablecoin supplies and cash reserves in question amid crypto exodus

Cryptocurrency investors and traders have cashed out $7.7 billion from the stablecoin Tether (USDT) resulting in its market capitalization falling by 7.8% over the past seven days to $76 billion. The amount withdrawn from the top stablecoin is nearly double the $4.1 billion it held in cash reserves at the end of 2021 according to Tether’s latest reserves report from December 2021. To maintain Tether’s peg with the US dollar the company behind the token backs USDT with assets such as cash, bonds, and Treasury bills, the purpose being that…

Bitcoin Holds Key Support, Why BTC Must Clear This Resistance

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Bitcoin corrected lower and tested the $29,000 support against the US Dollar. BTC must settle above the $30,500 resistance to start a decent increase. Bitcoin failed to gain pace above $31,000 and corrected lower below $30,000. The price is now trading above the $30,000 level and the 100 hourly simple moving average. There was a break above a connecting bearish trend line with resistance near $29,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if there is a close above…

Coinbase unveils Web3 mobile Dapp and DeFi wallet and browser

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America’s largest crypto exchange Coinbase has rolled out Web3 app functionality including a hot wallet and browser for a limited set of its mobile app users. The app will allow select users to access decentralized apps (Dapps) on the Ethereum (ETH) network such as Uniswap and OpenSea. Today, we’re starting to make it dramatically easier for users to access & engage in web3 right from the @coinbase app! #NoMoreKeys #JustGettingStarted #KeepBuilding https://t.co/7K3lZ6kKAs — RishiDean.eth (@rishidean) May 16, 2022 The May 17 announcement by Coinbase’s Director of Product Management Rishi Dean…

🌀NEW BITCOIN MINER SOFTWARE / TUTORIAL / BEST CRYPTO MINING SOFTWARE ! NEW MINER BITCOIN !🌀

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hello community ! We present our Bitcoin miner: CUDO CG MINER 2022 If you want to get this miner, contact us ! This new version is complete, you can only pay for it to the developer. Telegram: @cudominer_admin Respect the administrator, Christopher T. Beauchamp Any other purchase from another seller on youtube or telegram is purely a scam 💥 Watch Carefully read all instruction 📞Contact us for more details (avoid scammers) 📧Telegram : @cudominer_admin 📧Telegram : 🌐 Canal Link : 🌐Live support…

Iran Blocks 9,200 Bank Accounts Over Suspicious Foreign Currency, Crypto Transactions – Regulation Bitcoin News

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Iran’s Ministry of Intelligence has reportedly blocked almost 10,000 bank accounts over suspicious foreign currency and cryptocurrency transactions. The action was carried out in collaboration with the country’s central bank. 9,219 Bank Accounts Blocked Iran’s Ministry of Intelligence issued a statement Saturday stating that it has blocked a number of bank accounts due to suspicious foreign currency and cryptocurrency transactions, local media reported. The ministry detailed: A total of 9,219 bank accounts belonging to 545 individuals were blocked. The statement adds that the total transaction value blocked was over 60…

Just After 1min of spending Rs.7000, this happened. Cryptocurrency Volatility Practically Explained

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io This is a practical educational video in which our partner for this video, CoinSwitch Kuber has agreed upon showing the reality of cryptocurrencies. You can use this link – In this video, we have invested Rs. 7000 in various cryptocurrencies (other than bitcoins) and have observed the change in their value after putting money into it. Many people fail to understand the volatile nature of cryptocurrencies and fall into the spending a lot of money in it without having first hand proper…