Tag: News

Crypto Fear and Greed Index Shows ‘Extreme Fear’ and Shaky Sentiment Persist – Market Updates Bitcoin News

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For a few weeks now, bitcoin sentiment stemming from the Crypto Fear and Greed Index (CFGI) has been in the “extreme fear” range. While bitcoin gathered some gains on Monday, the CFGI is still in the “extreme fear” position with a ranking score of 16 out of 100. Crypto Fear and Greed Index Remains in ‘Extreme Fear’ Approximately 45 days ago, the Crypto Fear and Greed Index (CFGI) hit the “extreme fear” range with a score of 22. That day, on April 15, the 24-hour bitcoin price range was between…

ETH Back Above $2,000 as Crypto Rally Extends – Market Updates Bitcoin News

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ETH briefly rose above $2,000 on Tuesday, as crypto bulls were once again present in today’s market session. BTC was also higher, with the world’s largest cryptocurrency climbing to its highest point in nearly three weeks. Bitcoin Bitcoin rose to its highest level in nearly three weeks on Tuesday, as crypto prices continued to rally, following recent losses. Following a low of $29,363 to start the week, BTC/USD surged to a peak of $31,949.63 earlier today. This peak is the highest level bitcoin has traded at since May 9, when…

Old Fashion Research Launches $100 Million Latam and Emerging Markets Crypto Metaverse Fund – Bitcoin News

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A VC company founded by former Binance employees, Old Fashion Research, has announced the launch of a new crypto fund in the midst of the current downturn the market is facing. The fund, which will have $100 million at its disposal, will focus resources on metaverse investments and in carrying crypto projects to emerging markets in areas such as Latam. Old Fashion Research Launches $100 Million Fund Some companies are still putting funds into cryptocurrency projects, and are optimistic about the future of the industry even with the…

Bitcoin bubble or long-term investment? | The Business

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Digital disruptor Nick Abrahams believes the future is bright and digital assets will become mainstream investments within years. Subscribe: ABC News provides around the clock coverage of news events as they break in Australia and abroad, including the latest coronavirus pandemic updates. It’s news when you want it, from Australia’s most trusted news organisation. For more from ABC News, click here: Watch more ABC News content ad-free on iview: Go deeper on our ABC News In-depth channel: Like ABC News on Facebook:…

Vybe Pre-Launches a Social Media Mining App – Press release Bitcoin News

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press release PRESS RELEASE. Miami, Florida. – Vybe, LLC announced today that they are building an app that lets people mine their social media for cryptocurrency. “What if you earned crypto for every like you earned on social media?” Vybe Business Development Manager Blake Marum said, “That’s what Vybe does. It connects your content creator sites to a cryptocurrency wallet and automatically deposits VYBE into your wallet for every like you get on social media.” VYBE is a token, or Algorand Standard Asset (ASA), on the Algorand blockchain. It operates…

Lebanese Pound Exchange Rate Against Dollar Plunges to All-Time Low – Economics Bitcoin News

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After relative calm for a few months, the Lebanese pound has plunged to an all-time low of 35,600 per dollar, a report has said. The currency’s latest slide is expected to worsen Lebanon’s economic challenges. Pound Depreciation In a sign that Lebanon’s ongoing economic crisis is worsening, the black market exchange rate of the Lebanese pound is reported to have plunged to an all-time low of 35,600 against the dollar. According to an Al Jazeera report, it took just two weeks for the pound’s black market exchange rate to drop…

Indian Government Finalizing Crypto Consultation Paper — ‘We Are Looking at a Global Paradigm on Digital Assets’ – Regulation Bitcoin News

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India’s economic affairs secretary has reportedly revealed that the government’s consultation paper on cryptocurrency is “fairly ready.” He explained that the Indian government is looking at “a global paradigm on digital assets,” emphasizing that “There has to be a broad framework on which all economies have to be together.” Economic Affairs Secretary Ajay Seth on Crypto Indian Economic Affairs Secretary Ajay Seth provided an update Monday on the government’s progress to establish India’s crypto policy. Speaking about the government’s consultation paper on crypto, he was quoted by CNBC TV18 as…

We Have Hundreds of Blockchain Patents — But Regulation Won’t Allow Us to Engage in Crypto – Regulation Bitcoin News

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The CEO of Bank of America says that his bank has hundreds of blockchain patents but regulations will not allow it to engage in crypto. “The reality is that we can’t do it by regulation,” he said. Bank of America’s CEO on Crypto Bank of America (BOA) CEO Brian Moynihan talked about cryptocurrency in an interview with Yahoo Finance Live at the recent World Economic Forum event in Davos, published Saturday. He was asked about his bank’s plans for cryptocurrencies. “The reality is that we run a payments business across…

The Fed’s Christopher Waller Wants 50 bps Rate Hikes Until Inflation Subsides, US Savings Data Plummets – Economics Bitcoin News

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Federal Reserve governor Christopher Waller has detailed he is ready to get behind 50 bps rate hikes until the extreme inflationary pressures plaguing the U.S. economy subsides. Waller stressed that until inflation is reduced he doesn’t “see the point of stopping” 50 bps rate hikes. Furthermore, statistics from the U.S. Bureau of Economic Analysis show that American savings have plummeted to levels not seen since the ‘Great Recession’ in 2008. Christopher Waller Advocates for 50 Bps Rate Hikes at Every Fed Meeting Until Inflation Is Under Control Inflation is wreaking…

Tron Now Commands the Third-Largest TVL in Defi — Network’s Stablecoin USDD Confronted by Skepticism – Defi Bitcoin News

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This week the Tron blockchain has become the third-largest network in terms of total value locked (TVL) in decentralized finance (defi) protocols. Interestingly, 48.19% of the TVL is held by the defi protocol Justlend, an application that’s similar to Anchor Protocol as it offers more than 20% APY for USDD deposits. Amid Tron’s TVL rising, the network’s stablecoin USDD has been confronted by skeptics over the similarities USDD holds with Terra’s UST. Tron Takes the Third-Largest Position in Terms of Total Value Locked in Decentralized Finance Protocols On May 30,…