Category: Blockchain

Ethereum Battles Resistance as Exchange Inflow Volume Drops

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Ethereum, the world’s second-largest cryptocurrency by market capitalization is seeing consistent resistance in its bid to reclaim the $2,000 psychological price levels. According to CoinMarketCap, Ethereum joins Bitcoin in initiating a slight dip in the crypto market. Ether is currently trading at $1,814.79, down 1.03% in the past 24 hours after parring off some of
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Next 2-3 Years to be a Turning Point for Bitcoin, BTC to follow Tesla’s Footsteps – Deutsche Bank Analyst

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According to Deutsche Bank analyst and Harvard economist Marion Laboure, the next two to three years should be a turning point for Bitcoin. She elaborated by comparing Bitcoin’s current trajectory to Tesla’s. According to the economist, both Tesla and Bitcoin have followed a similar trajectory over the past year. In reference to Tesla, she said that
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Deutsche Bank says Bitcoin Is too Important to Ignore

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German multinational investment bank and financial services company Deutsche Bank has issued a new report, stating categorically that Bitcoin’s $1 trillion market capitalization has made the cryptocurrency too important to ignore. The report detailed that big players who buy and sell Bitcoins have considerable market-moving power and as long as asset managers and companies continue
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Fed Chairman Powell Says Central Bank Digital Currency Would Need to Coexist with Traditional Cash

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Federal Reserve chairman Jerome Powell has said that Central Bank Digital Currencies (CBDCs) like the potential “digital cash” would need to be integrated into existing payment systems alongside cash and other forms of money. While speaking in a virtual payment conference in Basel, Switzerland, Powell emphasized a point highlighted in a recent report on CBDCs
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Uniswap (UNI) Price Analysis-March 19,2021

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Uniswap (UNI) seems to be suffering from repeated selling pressure from the bears. The bulls are actively defending the support level at the 20-ema level. Uni currently ranks 8th among cryptocurrencies, with a market value of $15,702,895,948. UNI reached its all-time high of $34.93 on March 8, but failed to maintain its bullish momentum. However,
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SEC Justifies Why It Wants to Access Ripple Executives’ Personal Financial Records in XRP Case

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The SEC filed a motion with the Court last week, seeking personal financial information of both Ripple officials – co-founder Chris Larsen and CEO Brad Garlinghouse. Following the request, both Ripple lead executives moved to block the six subpoenas the SEC sent to six banks, protesting that the request was a “wholly inappropriate overreach” as
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