Month: July 2022

Bitcoin Eyes $28k With A One-day Breakout

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Bitcoin eyes $28,000 after a major breakout from the 1D 50 EMA resistance with a good volume. The Crypto market looks bullish on the low timeframe as major cryptocurrencies and altcoins gain relief bounces. Market Dumps Ahead Of FOMC Meetingย  The major buzz around the financial market over the past few days was focused on the FOMC. This has led to major cryptocurrencies dropping from key supports and resistance, with the likes of Bitcoin trading at around $20,700 and Ethereum going down to $1,376. Related Reading: Bitcoin Slips To 1-Week…

Easiest Way To Start Investing In Crypto in 2022 (Exactly What I Did)

โ–ถ Coinbase Website: Coinbase.com โ–ถ CEX Website: cex.io This is the easiest way to start investing in crypto for beginners in 2022! In this video, I share the exact strategy I used to start a new crypto account and scale to almost $40,000 in profit in a couple of months. This is the best strategy for a new beginner looking to start with crypto investing in 2021. Coinmarketcap: TIMESTAMPS: 00:00 – Introduction 00:37 – How Much MONEY Can You Earn from Crypto 02:00 – How to Find Cryptocurrencies & Analyze…

Ethereum founder speaks against transferable governance, community responds

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The governance discussion intensifies as decentralized autonomous organizations (DAOs) become more popular in the blockchain space. The dilemma between giving power to a specific few and the freedom to voluntarily delegate decision power was highlighted in a Twitter thread created by Ethereum founder Vitalik Buterin.ย  In a tweet, Buterin brought upย an old adage pointing out that power-hungry individuals are not suitable to lead. The Ethereum founder highlighted that the saying can be applied to DAOs and argued that transferable governance tokens in DAOs contradict the whole point of DAOs. Buterin…

Babel Finance Lost $280M Trading Customer Funds: Report

The firm lost around 8,000 bitcoin (BTC) and 56,000 ether (ETH) in June in forced liquidations as the crypto market plunged to an 18-month low, sending bitcoin below $20,000, the deck shows, according to The Block. The trades were unhedged in what was described as a “volatile trading week.” Source

Greek Police Scramble to Catch Onecoinโ€™s โ€˜Cryptoqueenโ€™ Ruja Ignatova, Local Media Reports โ€“ Bitcoin News

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Law enforcement in Greece has recently tried to locate Ruja Ignatova, founder of the infamous Onecoin pyramid scheme. According to a leading Greek daily, investigators acted on intelligence suggesting she was still in the country. Also known as โ€˜Cryptoqueen,โ€™ Ignatova was last seen boarding a plane to Greece several years ago. Authorities in Athens Try to Find โ€˜Missing Cryptoqueenโ€™ Who Flew to Greece 5 Years Ago Greece has become the scene of the latest episode in the manhunt for Ruja Ignatova, one of the co-founders of the notorious crypto pyramid…

Crypto Exchange Zipmex Files for Bankruptcy Protection in Singapore

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Zipmex, a cryptocurrency exchange focused on Southeast Asia, has filed for ย bankruptcyย  Bankruptcy Bankruptcy or insolvency constitutes a legal term and refers to being unable to repay debts. A business and a person can declare bankruptcy. When a person or company claims bankruptcy, it is described as a voluntary bankruptcy, and when your debtors force you into bankruptcy, it is referred to as involuntary. A voluntary bankruptcy occurs when the debtor or borrower, the party that owes the money files with the courts. Involuntary bankruptcy happens when your credits file…

Bitcoin bull run โ€˜getting interestingโ€™ as BTC price hits 6-week high

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Bitcoin (BTC) delivered a swift six-week high into July 29 as the aftermath of the latest macro developments boosted risk assets. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Monthly close could seal 20% gains Data from Cointelegraph Markets Pro and TradingViewย captured local highs of $24,445 for BTC/USD on Bitstamp, its best since the week beginning June 13. After consolidating around $23,000, bulls got a second wind to propel the market higher on the back of the United States Federal Reserveโ€™s latest rake hikes and GDP data confirming that the U.S.…

Iran Amends Regulations to Ease Crypto Minersโ€™ Access to Renewable Energy โ€“ Mining Bitcoin News

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Authorities in Iran have revised some rules for the crypto mining industry in order to facilitate its access to green power. Licensed miners will now be able to purchase electricity produced from renewable sources from across the country at lower rates. Cryptocurrency Miners in Iran Allowed to Source Green Energy From Across Country Iranโ€™s Ministry of Energy has changed certain crypto mining regulations to ease access to renewable power for entities authorized to mint digital currencies in the Islamic Republic. A recently issued decree relieves miners from the obligation to…