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Month: June 2022
Human rights activists take aim at privileged crypto critics in letter to Congress
Human rights activists from 20 countries have submitted an open letter to the United States Congress in support of a โresponsible crypto policyโ and praising Bitcoin and stablecoins as essential tools aiding democracy and freedom for tens of millions. The letter comes just a week after an anti-crypto open letter was sent to Congress purporting to be from the scientific community but whose lead signatures included well known crypto critics and authors from high income, democratic countries. The group of 21 activists clapping back include those from countries which have…
Crypto’s Decentralized Nature Makes Regulation Challenging โ Bitcoin News
Indiaโs market regulator, the Securities and Exchange Board of India (SEBI), says the decentralized nature of crypto assets makes consumer protection and regulatory enforcement challenging. SEBI on Crypto Regulation The Securities and Exchange Board of India (SEBI) reportedly told the Parliamentary Standing Committee on Finance that the decentralized nature of crypto assets makes any consumer protection or regulatory enforcement of this asset class challenging. Noting that โcrypto assets are maintained in decentralized distributed ledgers,โ SEBI was quoted by local media as saying: There is a great likelihood of execution of…
DeversiFi Launches Cross-Chain Swaps for Bridgeless DeFi Transactions
The DEX aims to eliminate the gas fees and extra steps associated with multi-chain ecosystems, even if it sacrifices network security. Source
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What Does The Bull Div On Ethereum RSI Mean For The Top Altcoin?
Just like other altcoins, Ethereum too extended losses today. Over the last 24 hours, the altcoin slipped below the $1900 price level. Bitcoin also fell on its chart and major industry altcoins followed suit. Most coins over the past week and a half have been consolidating on their charts. Following the consolidation, some altcoins attempted to rise on their charts but was soon met with the bears due to choppiness in the market. Overhead resistance for Ethereum continues to remain firm for the coin as market remains weak. Buyers are…
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Solana Commits $100M to Support South Korean Crypto Projects
The fund, created by Solana Ventures and the Solana Foundation, will focus on virtual gaming, and will invest in NFT and DeFi projects. Source
Bitcoin Forms Bullish Pattern, Why Break Above $31.5K Is The Key
Bitcoin remained strong above the $29,500 support against the US Dollar. BTC could start a major increase if there is a clear move above the $31,500 resistance. Bitcoin started a fresh increase from the $29,500 support zone. The price is now trading above the $30,000 level and the 100 hourly simple moving average. There is a key bearish trend line forming with resistance near $31,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a major upward move if there is a clear…
Metaverse tokens up 400% year on year despite altcoin bloodbath
Metaverse tokens are vastly outperforming every other crypto category in the current bearish condition, up by nearly 400% year-on-year. Leading the gains are Decentraland (MANA) up 41%, Sandbox (SAND) up 470%, Axie Infinity (AXS) up 511%, and STEPN (GMT) up 746% according to data from the May 2022 market report by Kraken Intelligence and CoinGecko. Metaverse tokens can be used to pay fees, buy land, and participate in governance. The #NFT boom of 2021 has not only drawn mainstream attention to digital art investments, it has also popularized the crypto…