Three Things To Know About China’s Digital Yuan (Not a Cryptocurrency)

China’s central bank is reportedly making strides towards launching a digital currency (not a cryptocurrency) tied to the yuan. Here are three things to know about the proposed central bank digital currency (CBDC). Financial Monitoring and Control Anyone remotely familiar with China knows that electronic payments are already a huge part of the country’s socio-economic […]

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BitMEX Blocks Services in Three Countries amid CFTC Probe –

Cryptocurrency derivatives exchange BitMEX has discontinued offering services to the users of three countries. Fun fact: it has offices in those regions. BitMEX said in a statement issued today that it is limiting access to users residing in Seychelles, Hong Kong, and Bermuda. The Seychelles-based exchange stated that it decided to go ahead with its decision […]

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3 Reasons Why Bitcoin Price Hasn’t Returned to $13,000

Despite the promises of crypto analysts and institutions like Goldman Sachs, Bitcoin price continues to hover around low 5 figures. What’s going on? After struggling to hold above the $11,000 point earlier this week, Bitcoin price, at last, succumbed to selling pressure and dropped below $10,000 for the second time in three weeks. Prior to […]

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China Ready to Roll out State-Backed Digital Currency

According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers. Facebook Libra’s coin has been all […]

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Bitcoin Price On Way To $250,000 By Q1 2023: Tim Draper

Billionaire investor Tim Draper says Bitcoin price will be worth more than $250,000 before 2023. He also believes the digital asset will be a major method of exchange in the future. Boxing and Bitcoin Billionaire venture capitalist and Bitcoin bull Tim Draper is making media waves again. Draper is well known for predicting that Bitcoin […]

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Is Bitcoin Price Rally Running Out of Gas? May be

Mike McGlone believes Bitcoin’s current volatility is unsustainable and as it tapers off BTC price will enter an extended period of consolidation. Bitcoin Price will Drop as Volatility Dries Up Earlier this week Bloomberg Intelligence senior commodity strategist Mike McGlone cast doubt on the widely held belief that Bitcoin is destined to the moon to […]

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Financial Law Firm Creates Unified Bitcoin And Crypto Crime Database

A new database called the Blockchain Litigation Database is making easier for law firms to provide legal services to crypto-sector clients concerned about compliance issues with the SEC and CFTC. Financial Regulators Crack the Whip In July Jamal El-Hindi, the acting director of the United States Financial Crime Enforcement Network, filed a $110 million civil […]

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When It Comes to ROI, Altcoins Are No Match For Bitcoin: Analyst

Bitcoin appears to be back on the rise but will altcoins follow? Alex Krüger thinks not. Bitcoin is King Earlier this week, economist and crypto analyst Alex Krüger tweeted that in his opinion, the majority of altcoins have “become asymmetric bets with an unattractive return profile.” Outside of February – April’s impressive altcoin rally (Alt […]

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Failure to Launch: The LedgerX Controversy

LedgerX CEO, Paul Chou, is really mad and apparently his company is not offering physically-settled Bitcoin futures contracts yet… Failure to Launch On Thursday LedgerX CEO Paul Chou sent out a series of tweets explaining the current LedgerX controversy and his decision to sue the Commodity Futures Trading Commission (CFTC) for what he calls ‘anti-competitive […]

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54% of Bitcoin Users in Europe Don’t Have University Degrees: Research –

More than 50% of bitcoin users across the European continent have not even finished their university program, according to BitPanda’s latest study. Too Cool For School Titled ‘Understanding Cryptocurrency Holders in Europe,’ the report explored personalities of the men and women who hold cryptocurrencies as a part of their portfolio. It found that about 54% […]

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