Day: September 8, 2022

Bitcoin Price drops 6% in 24 hours, While Bond Yields Spike

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The world’s top cryptocurrency by market cap, Bitcoin, has hit the $18,000 mark and is still dropping. The crypto has dipped by 6% within the last 24 hours and more in the previous week. BTC/USD breached the $19,000 triple bottom support when it crashed from $20,000 to $18,000, signaling a major selling sentiment among Investors. Bitcoin Hits $18,000 There are several reasons for Bitcoin’s bearish run, but most refer back to the Federal Reserve’s aggressive approach to inflation.  Rising Bond Yields: the US 10-year bond yield has risen 3.25% since…

Two Months before World Cup, Fan Tokens Soar on MEXC Exchange

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Fan tokens of leading football clubs in Europe are ripping higher and outperforming the broader cryptocurrency market, according to details on September 5, 2022. Per statistics, fan tokens like $LAZIO, the fan token of Lazio football club in Italy, and $PSG of the Ligue 1 giant Paris Saint Germain, are defying gravity and have been posting double-digit gains in the last few trading sessions. Notably, $LAZIO dominates the leaderboard, surging approximately 50 percent in the previous trading week alone. Considering fundamental factors and rising confidence by market analysts that the…

Legal Experts Say Nigeria in Need of ‘Clear-Cut Guidelines’ for Crypto Industry – Regulation Bitcoin News

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Authorities in Nigeria have been told to consider upgrading the country’s cryptocurrency regulatory guidelines because current regulations are not consistent with the realities on the ground. According to legal experts, the growing interest in cryptocurrencies by Nigerians means the country needs to have “clear-cut guidelines” for the industry. Nigerians Continue to Defy Central Bank Legal experts who spoke at a two-day workshop recently held in Nigeria have urged authorities to consider upgrading the country’s cryptocurrency regulatory guidelines. The experts argued that such an upgrade is needed because Nigerians have largely…

Asia’s No. 1 Blockchain Hub Could Be The Philippines, Telco CEO Says

Almost 70 million people around the world use blockchain wallets, and the average daily trade volume for cryptocurrencies has soared to more than $130 billion. Cryptocurrency will have a significant impact in the Philippines, as the country’s stock exchange considers integrating digital assets to its trading platform. Donald Lim, the chief operating officer of  holding and investment firm Dito CME, stated on Wednesday that the Philippines has what it takes to become the “blockchain capital of Asia.” While the global health crisis contributed to the adoption of cryptocurrencies and other financial technology solutions, Filipinos…

Ethereum (ETH) And Crypto Market Could See Higher Prices This Month

As September 13th, the date of the much anticipated Ethereum mainnet merge approaches, the crypto community believes it will determine the fate of both the Ethereum blockchain and the wider crypto ecosystem. However, there is another event set to take place on the same day that may impact the market, the release of the US CPI and inflation data. Crypto Analyst: The Merge Will Not Impact The Fate of ETH And The Wider Crypto Market The reputable crypto analyst, Cred, has evaluated the hype surrounding the upcoming Ethereum Merge event.…

Aave Companies Seeks $16M From DAO Funds to Pay Crypto Developers

Portals, one of the biggest improvements, allow users to swap assets from any blockchain on which Aave is deployed. Users can create “aTokens” – which represent deposits into Aave – on one chain and burn them on another. This feature opened up the possibilities of on-chain trading strategies, such as yield arbitrage, or taking advantage of the varying yields offered by the protocol on different blockchains. Source

Risikofrei Geld verdienen mit dem Ethereum Merge ✅

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io FTX spare 5%: Zwischen dem 14. und 15 September 2022 findet bei Ethereum “The Merge” statt. Dabei wechselt Ethereum von Proof-of-Work (PoW) zu Proof-of-Stake (PoS). Anschließend wird es wohl zwei Ethereum Varianten geben mit Ethereum PoW und Ethereum PoS: Wir zeigen euch hier wie ihr davon finanziell recht risikofrei profitieren könnt. ➖➖➖➖➖➖➖➖➖➖➖➖➖➖ 🏦Kryptobörsen eToro: Binance spare 10%: FTX: Coinbase: ➖➖➖➖➖➖➖➖➖➖➖➖➖➖ 🔒Hardware Wallet Ledger Nano X: ➖➖➖➖➖➖➖➖➖➖➖➖➖➖ 💳Crypto Kreditkarte mit Binance ➖➖➖➖➖➖➖➖➖➖➖➖➖➖ 💸Zinsen verdienen mit Kryptowährungen BlockFi: ➖➖➖➖➖➖➖➖➖➖➖➖➖➖ 💻Meine Webseite ➖➖➖➖➖➖➖➖➖➖➖➖➖➖ Social Media…

Ahead of Vasil, Cardano Welcomes Its First Fixed Rate Lending protocol

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Kulfi Finance is the first Cardano fixed-rate money market. At launch, vaults will be dedicated to stable-asset and pegged-asset pairs, with additional vaults added in the future.  Louis Ryman, Chief technical officer at Kulfi, stated “By building upon Cardano, Kulfi has created a simple way for crypto users to access the benefits of the fixed rate money market.” Kulfi finance facilitates lending and borrowing of Cardano native assets at fixed rates / Terms through an innovative financial primitive called wTokens. Fixed-rate financing touches all the edges of the modern financial…

Ark Invest Expands Research Arm, Focusing on Blockchain Technology and AI

Ark Investment Management LLC, owned by Cathie Wood, escalated its team. The investment management firm plans to expand its research arm as it seeks deeper development in various fields, including blockchain. Cathy Wood’s ARK Investment Management has promoted Brett Winton to chief futurist, put four senior research analysts on board, and hired five research assistants, according to official documents. Brett Winton said： “We believe that, collectively, artificial intelligence, robotics, energy storage, genomic sequencing, and blockchain technology will rise from less than 10% of the global public equity market capitalization…

Bitcoin whales send BTC to futures exchanges in ‘classic’ bottom signal

Bitcoin (BTC) whales are betting on a rebound as fresh data shows “classic” bottom behavior. According to on-chain analytics platform CryptoQuant, large-volume investors are moving coins to derivatives exchanges en masse this month. Analyst: Whales protectin positions “forming a local bottom” As BTC/USD hit its lowest levels since the end of June, whales were responding kind. In one of its Quicktake market updates posted on Sept. 7, CryptoQuant analyst Maartunn flagged a marked uptick in the monthly average number of transactions made between spot exchanges and derivatives platforms. Whales, Maartunn…