Day: June 3, 2022

Caribbean Islands, Dubai, Mumbai — Bitcoin Cash Adoption Continues to Swell Worldwide – Featured Bitcoin News

Bitcoin cash supporters are known for spreading adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption throughout the islands of the Caribbean, alongside places like Dubai, and Mumbai. Bitcoin Cash Advocates Continue to Promote Peer-to-Peer Crypto Adoption According to the web page map.bitcoin.com, there …

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5 reasons why Bitcoin could be a better long-term investment than gold

The emergence of forty-year high inflation readings and the increasingly dire-looking global economy has prompted many financial analysts to recommend investing in gold to protect against volatility and a possible decline in the value of the United States dollar.  For years, crypto traders have referred to Bitcoin (BTC) as “digital gold,” but is it actually …

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Japan Adopts Legislation Establishing Legal Framework for Stablecoins – Regulation Bitcoin News

The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd. Law on Stablecoins Approved in Japan in Aftermath of UST Collapse Lawmakers in Japan have passed a …

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Fed governor explains who needs crypto regulation and why demand for it is growing

Regulation is needed to open the crypto ecosystem to a larger public, United States Federal Reserve Board governor Christopher Waller told an audience at the SNB-CIF Conference on Cryptoassets and Financial Innovation in Zurich, Switzerland. Financial intermediaries can help manage risk for new crypto users, but cannot eliminate it, Waller said, and new and fast-growing …

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Apecoin Community Votes on Keeping APE Token in the Ethereum Ecosystem – Altcoins Bitcoin News

The Apecoin community is in the midst of discussing whether or not the crypto asset should remain within the Ethereum ecosystem. While AIP-41 voting started today, the proposal’s voting process will end on June 8, 2022, at 9 p.m. (ET). Meanwhile, the project’s native token APE has lost 57% against the U.S. dollar in the …

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Stocks surge, altcoins give back their gains and dollar strength may push Bitcoin lower

Between May 23 and 27, the equities markets had an impressive run, with the tech-heavy NASDAQ (NASDAQ: QQQ) ETF up over 7% and the S&P 500 (NYSE: SPY) up over 6.50%. However, this week’ whipsaws in price action occurred throughout the week and while the J trade session is not yet over, the weekly candlesticks …

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New York Bill That Aims to Establish a Bitcoin Mining Moratorium Awaits Governor Hochul’s Signature – Mining Bitcoin News

The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul. New York PoW Mining Moratorium Legislation to Be …

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Fidelity front running case: Sebi slaps over Rs 4.28 cr penalties, securities mkt ban on 11 entities

New Delhi, Sebi on Friday slapped penalties worth more than Rs 4.28 crore on 11 entities for front running trades of 21 Fidelity Group entities besides barring them from the securities market for varying periods. While one individual — Vaibhav Dhadda — has been restrained from the securities market for three years, the ban on …

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The crypto market dropped in May, but June has a silver lining

May 2022 was not for the faint-hearted. Even the most embattled and experienced crypto traders were tested in the first two weeks of the month on a brutal drop following the United States Federal Reserve’s announcement that interest rates would be rising by 0.5%. Crypto used to exhibit a lower correlation with real-world events and …

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El Salvador Treasury Minister States Ukraine-Russia Conflict Disrupted Bitcoin Prices, Volcano Bonds Still on Hold – Bitcoin News

Alejandro Zelaya, Treasury minister of El Salvador, explained that the conflict happening currently between Ukraine and Russia has influenced the price of bitcoin on international markets, disrupting it. Due to this disruption, Zelaya also stated that it was not feasible to issue the volcano bonds yet, which are to finance the construction of the Bitcoin …

El Salvador Treasury Minister States Ukraine-Russia Conflict Disrupted Bitcoin Prices, Volcano Bonds Still on Hold – Bitcoin News Read More »

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