Month: July 2022

Top 5 cryptocurrencies to watch this week: BTC, ETH, BCH, AXS, EOS

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If Bitcoin clears its overhead resistance level, ETH, BCH, AXS and EOS could resume their uptrend with surprising strength. The bulls are attempting to achieve a strong weekly close for Bitcoin (BTC), while the bears are attempting to regain their advantage. Analysts are closely watching the 200-week moving average which is at $22,705 and BTC’s current setup suggests that a decisive move is imminent.ย  Many analysts expect a weekly close above the 200-week MA to attract further buying but a break below it could signal that bears are back in…

Bitcoin Funding Rate Remains Positive, More Decline Soon?

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On-chain data shows the Bitcoin funding rate is still at a relatively high positive value, suggesting that the crypto might see more decline in the near term. Bitcoin Funding Rate Has Been At A Positive Value During The Last Few Days As pointed out by an analyst in a CryptoQuant post, the current funding rate suggests that the price is in a new decline right now. The โ€œfunding rateโ€ is an indicator that measures the periodic fee that traders in the Bitcoin futures market have to pay each other. When…

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Argentinian Government Excludes Crypto Investors From Buying Dollars โ€“ Regulation Bitcoin News

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The Argentinian Central Bank has issued a new set of restrictions that are affecting citizens and companies that have purchased cryptocurrency to use it as a hedge against currency devaluation. The bank will only sell dollars at an official rate to individuals and companies that have not purchased crypto for at least 90 days prior to the operation, with the objective of curbing the rise in the exchange rate. Argentinian Crypto Users Excluded From Buying Dollars in Official Markets The Argentinian government is trying to stop the escalade…

Will the Crypto Market Recover & When!? Cryptocurrency Market Crash – Crypto Market Crash 2021

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Meta History Museum Raised Over $1,000,000, Releases New NFT Collection in Support of Ukraine โ€“ Metaverse Bitcoin News

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The META HISTORY project team created Ukraineโ€™s first NFT war museum one month after Russiaโ€™s full-scale invasion. Since then they have managed to raise $1,290,398 (803.28 ETH) for the Aid For Ukraine crypto fund, created by the Ukrainian Ministry of Digital Transformation together with the Ukrainian crypto platform KUNA and the blockchain company Everstake, and the Charity Foundation of Serhiy Prytula. โ€œThe idea of immortalizing the history of events in works of art and offering them to those who want to support Ukraine proved viable from day one. The drop…

The Merge is Ethereumโ€™s chance to take over Bitcoin, researcher says

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Ethereum researcher, Vivek Raman, is convinced that Ethereumโ€™s (ETH) upcoming transition to a proof-of-stake system will enable it to take over Bitcoinโ€™s (BTC) position as the most prominent cryptocurrency. “Ethereum does have, just from an economic perspective and because of the effect of the supply shock, a chance to flip Bitcoin,” said Raman in an exclusive interview with Cointelegraph.ย  The Merge, a long-awaited upgrade that will complete Ethereum’s transition from a proof-of-work to a proof-of-stake system, is set to take place in September. In addition, The Merge will transform Ethereum’s…

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Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency โ€“ Economics Bitcoin News

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While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of โ€œcreating an international reserve currency.โ€ Analysts believe the BRICS reserve currency is meant to rival the U.S. dollar and the International Monetary Fundโ€™s (IMF) Special Drawing Rights (SDRs) currency. Vladimir Putin Reveals the Creation of a New International Reserve Currency at the 14th BRICS Summit โ€” Turkey, Egypt, and Saudi Arabia Consider Joining BRICS During the…