Month: September 2021

Following the latest statements from China’s central bank concerning cryptocurrencies and offshore crypto exchanges, massive amounts of funds have been moving onchain. On September 26, at approximately 1:00 a.m. (UTC) 72,999 BTC or $3.1 billion in bitcoin was dispersed to unknown wallets. Huobi to Gradually Retire Mainland China Users, 800K Ether Move from Huobi to
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Bitcoin (BTC) sealed another $40,000 retest on Sept. 26 as the battle for the weekly close raged on. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView BTC “unlikely” to linger below $40,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $40,800 overnight, following an earlier unsuccessful attempt by sellers to flip $40,000 back to
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Governments are tasked with bringing fair and efficient services to the public. Unfortunately, providing transparency and accountability often results in a reduction in efficiency and effectiveness or vice versa. Governments are usually forced to choose to improve one at the cost of the other. On rare occasions, technology comes along that enables governments to improve
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Bitcoin (BTC) dipped deeper to challenge $40,000 support during Sept. 24 as the dust settled on what analysts stressed was a false alarm from China. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView A classic bull run formula? Data from Cointelegraph Markets Pro and TradingView showed new multi-day lows of $40,690 for BTC/USD on Bitstamp, down 8%
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The Giving Block, a major organization focused on the cryptocurrency donations industry, continues expanding its crypto charity reach with a new partnership. The organization will be working with charitable platform provider RenPSG to allow its donors to move cryptocurrencies like Bitcoin (BTC) into new donor-advised funds to support nonprofits and other charitable organizations, The Giving
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Morgan Stanley’s Dennis Lynch shared a light-hearted analogy during a discussion at Morningstar’s yearly investment conference today, claiming that Bitcoin’s insatiable ability to defy the odds and rise from both technical and fundamental adversity portrays that of the South Park cartoon character Kenny. The 24-series show has garnered a global audience base for its weird
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China bans Bitcoin (BTC), again. No, we’re not traveling back in time. On Sept. 24, the People’s Bank of China (PBoC) published a new set of measures to promote inter-departmental coordination on cracking down on crypto activity. The measures intended to “cut off payment channels, dispose of relevant websites and mobile applications in accordance with
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Sep 14, 2021 07:44&nbspUTC | Updated: Sep 14, 2021 at 07:44&nbspUTC By&nbspClark The SEC has taken action against 3 corporations owned by Chinese wealthy person Guo Wengui for commingling the yield from 2 unregistered securities offerings. The U.S. Securities and  Exchange Commission (SEC) has charged 3 of Chinese wealthy person Guo Wengui’s corporations over an
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Sep 14, 2021 14:16&nbspUTC | Updated: Sep 14, 2021 at 14:16&nbspUTC By&nbspClark Cryptocurrencies were once a small corner of the market, reserved only for the brave, and which many people didn’t quite understand. Now, cryptos have begun to permeate many different corners of the world and are soaring in the markets, albeit retaining their well-known
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Sep 14, 2021 16:12&nbspUTC | Updated: Sep 14, 2021 at 16:12&nbspUTC By&nbspClark Today Bitcoin saw a sudden increase in price point between 1757 hours IST and 1933 hours IST as this time difference was taken by one block to mine on chain. 80 minutes to mine a block subsequently resulted in an abrupt price fluctuation.
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Sep 19, 2021 07:31&nbspUTC | Updated: Sep 19, 2021 at 07:31&nbspUTC By&nbspClark Form 10 and type S-1 filed by the Wyoming-based digital asset company for registering and commerce Locke and Ducat tokens. American CryptoFed DAO, a Wyoming-based decentralized autonomous organization,  filed 2 forms with the U.S. Securities and Exchange Commission, or SEC, to introduce 2
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Sep 21, 2021 10:30&nbspUTC | Updated: Sep 21, 2021 at 16:49&nbspUTC By&nbspRaghav Sawhney From almost the moment Bitcoin was invented, critics have been pointing to the use of cryptocurrency in crime. Cryptocurrency proved very useful for tax evasion, money laundering, and black markets on the dark web. Cryptocurrency advocates, however, argued that cryptocurrency was not
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Sep 22, 2021 11:16&nbspUTC | Updated: Sep 22, 2021 at 11:16&nbspUTC By&nbspClark NFT collector disclosed to be Snoop Dogg, hybrid NFTs are coming back, associated with a capitalist lost $300,000 in tokens to hackers. Hip-hop icon Calvin Cordozar Broadus Jr., additionally called Snoop Dogg, has disclosed himself to be the onymous NFT collector “Cozomo de’
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Bitcoin (BTC) suddenly lost $2,000 in an hour on Sept. 24 as what appeared to be old news over a Chinese regulatory ban hit social media. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin vs. China: Don’t believe the “FUD” Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it abruptly fell from $45,000
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Bitcoin (BTC) briefly fell below $42,000 on Sept. 25 as the weekend looked set to deliver an unimpressive weekly close. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader: Bitcoin “fine” above $38,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD losing $1,000 in just over an hour during Saturday before rebounding. The weekend had started
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The average portfolio size on Australian cryptocurrency exchange BTC Markets has grown from $577.65 (795.5 Australian dollars) to $2,069.16 (2849.5 AUD) in the financial year 2021, signaling a 258.2% increase in portfolio holdings, according to exchange data compiled by Statista on a recent BTC Markets survey. Data on the survey shows that the average portfolio size
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