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Bitcoin, Ethereum Technical Analysis: BTC Falls Below $30,000 on Friday, a Week After XRP Ruling

July 21, 2023 0

Bitcoin dropped below the $30,000 level on Jul 21, as market sentiment continued to trend lower in today’s session. This comes a week after cryptocurrency markets surged following the XRP ruling, however momentum has since faded as a result of profit taking. Ethereum was also down on Friday.

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Double Rewards + 8% Off: Join BitFuFu Special Week and Invite Friends!

July 21, 2023 0

PRESS RELEASE. BitFuFu is excited to announce the launch of BitFuFu Special Week, a highly anticipated event that offers exclusive benefits and enticing offers for our valued users. This is a unique opportunity for you to invite friends and take advantage of remarkable rewards. Limited-time Double Commission Rewards: As part of this event, you can […]

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Kids Won’t Be Able to Spend Mom’s Digital Ruble as They Wish, Russian Official Says

July 21, 2023 0

The new form of Russia’s fiat, the digital ruble, will make spending more efficient for both government and family budgets, according to a high-ranking lawmaker. Anatoly Aksakov, who was involved in the recent adoption of the new digital ruble legislation, highlighted some of the advantages of programmable central bank money as he sees them. Central […]

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Securities Commission Cancels FTX Australia’s License

July 21, 2023 0

Australia’s securities regulator has canceled the license of the local FTX entity, allowing it to perform only limited financial services. These will be related to the termination of derivatives with clients and arrangements to compensate retail customers. ASIC Revokes Financial Services License of Crypto Exchange FTX Subsidiary The Australian Securities and Investments

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Ethena Raises $6.5 Million to Develop an Ethereum-Based, Banking System Independent Stablecoin

July 21, 2023 0

Ethena, a protocol that seeks to build a banking system independent stablecoin, has announced that it has raised $6.5 million in its seed round. The round, led by Dragonfly, aims to help issue Ethena’s decentralized stablecoin product in Q3 2023, which was inspired by an article written by former Bitmex CEO Arthur Hayes. Stablecoin Protocol […]

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Central Bank of Argentina Reduces Dollar and Yuan Disbursement to Importers

July 21, 2023 0

Importers are accusing the Central Bank of Argentina of stalling on the delivery of dollar-based payments under the pretext of high freight costs. According to importers, the Argentine government considers freight costs exceeding 15% of the value of the merchandise imported as an inconsistency. Central Bank of Argentina Delays Dollar Disbursements to Importers The

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BRICS Interest Soars: 40+ Countries Seek Membership as De-Dollarization Efforts Grow

July 21, 2023 0

South Africa’s top diplomat responsible for BRICS relations has revealed that more than 40 countries are interested in joining the economic bloc. Among them, 22 nations have formally applied for membership. He believes that the BRICS group could expand to include more than 50 countries. BRICS Group Attracts More Than 40 Nations Anil Sooklal, South […]

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JPMorgan Warns Dollar Dominance Faces Risks From Political Instability, US-China Tensions

July 21, 2023 0

JPMorgan has warned of the risks to the U.S. dollar’s dominance from escalating U.S.-China tensions and political instability. The global investment bank’s strategists anticipate “partial de-dollarization,” in which the Chinese yuan gradually assumes a more significant role in global trade. JPMorgan on De-Dollarization Threat Global investment bank JPMorgan has warned that

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Federal Reserve Launches Fednow for Instant Payments — JPMorgan, Wells Fargo, and 33 Banks Onboard

July 20, 2023 0

The Federal Reserve has launched its Fednow Service for instant payments with 35 participating banks and credit unions, as well as 16 service providers. “The Federal Reserve is committed to working with the more than 9,000 banks and credit unions across the country to support the widespread availability of this service for their customers over […]

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Kuwait Capital Markets Authority Reaffirms Comprehensive Crypto Asset Ban

July 20, 2023 0

In a circular released by the Capital Markets Authority of Kuwait, the regulator reaffirmed its position that Kuwait strictly prohibits the use of virtual currencies and bans mining activities within the Gulf state. The authority also emphasized the importance for businesses to inform customers about potential “risks that may arise” with dealing with crypto assets […]