Day: June 7, 2022

Bitcoin ‘Bart Simpson’ returns as BTC price dives 7% in hours

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Bitcoin (BTC) firmly recommitted to its trading range on June 7 after a fresh move higher was met with a swift sell-off. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView “Some of the best chop we’ve seen” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rejecting decisively at resistance it last encountered on June 1. The pair had delivered daily gains in excess of 6%, but the approach to $32,000 changed the mood, and Bitcoin gave back almost $2,500 in a matter of hours. A classic “Bart Simpson” structure thus…

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 20/01/2022| Cryptocurrency news today | Crypto news today | Bitcoin news today | Hindi | Cryptocurrency for beginners In this video, we have covered news from across the Globe. Watch this video and keep yourself updated. Latest Crypto updates latest Crypto News. Cryptocurrency news today Crypto news today Bitcoin news today in Hindi. ===================== New’s Covered in the Video -Cardano Regains 5th Spot From Solana After 37% Rise In 7 Days. -Shiba Inu has dropped below the $15 billion market cap level.…

Chainge Finance officially becomes the most liquid cross-chain crypto trading venue on the market

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In early 2009, Bitcoin trading was peer-to-peer, initially via PayPal. However, it only took a few months before the first ramp was launched. Mt Gox and earlier variants were, as expected, rudimentary and centralized. Fast-forward less than a decade later, and crypto trading is a vibrant industry with billions moved every day. Exchanges are critical channels for moving billions of assets between users and chains. As the industry expands and crypto finds adoption, their role will only be magnified. This rise is especially when decentralized finance (DeFi) is at the…

Vietnam Blockchain Association Signs Strategic Partnership with Binance To Drive Blockchain Innovation

The Vietnam Blockchain Association and Binance crypto exchange co-announced on Monday for establishing a strategic partnership.  Through this strategic partnership, The Vietnam Blockchain Association and Binance will collaborate in the exchange of research and application of Blockchain technology and human Resource training in Vietnam. The Blockchain application is set to further build more resilient and prosperous lives for Vietnamese users through greater access to financial, business, and technology services. Two parties will also leverage each other’s network and expertise to advance the development of blockchain technology in Vietnam and build a bridge…

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Bitso Partners With Addem Capital to Provide Cryptocurrency Investment Instruments in Latam – Bitcoin News

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Bitso, the Mexico-based cryptocurrency exchange, has announced a new partnership with Addem Capital, a debt fund that provides startups and other companies with financing options. The cryptocurrency exchange will process payments for the fund and provide conversion functions, allowing it to accept cryptocurrency as part of its payment options. Bitso Partners Addem Capital to Allow Latam Users to Invest With Crypto Cryptocurrencies are starting to be included more and more in traditional financial structures in the world and also in Latam. Bitso, a Latam-based exchange, announced a partnership…

New Japanese law may allow seizure of stolen crypto

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Japan’s Justice Ministry is reportedly considering a revision of an asset seizure law relating to organized crime to include a stipulation that crypto can be commandeered in such instances. If the reports are found to be true, a potential revision of the Act on Punishment of Organized Crimes and Control of Proceeds of Crime (1999) would enable law enforcement officers and courts to take control of crypto assets used in criminal activity such as money laundering. According to reports from local media outlets such as the Yomiuri Shimbun on June…

Fed forgets long-term dollar devaluation when pricing eggs in BTC

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The St. Louis Federal Reserve stirred up a mix of amusement and curiosity from the crypto community on Tuesday, May 7, after publishing a post showing how the cost of eggs in Bitcoin (BTC) has fluctuated over the last 14-months compared to the U.S. dollar.  On June 6, the Fed research arm posted a blog post titled “Buying eggs with bitcoins – a look at currency-related price volatility.” The FRED Blog compares egg prices in U.S. dollars vs. bitcoins. Check out the post to see which prices are more stable…

Longer-term Bitcoin holder losses hit two year lows

Long-term Bitcoin holders are sitting on their largest losses since the March 2020 capitulation and the 2018-2019 bear market but may have to keep waiting for relief. Calculated by measuring the value of coins deposited to exchanges, aggregated realized losses from long-term holders (LTH) of Bitcoin (BTC) exceeded 0.006% of the market capitalization by May 29 according to Glassnode’s The Week Onchain report from June 6. Long-term holders are suffering their worst losses since March 2020. However, the dramatic losses may continue for some time if historic loss patterns from…