Trading

Putin Subtly Endorses Cryptocurrency

Putin Subtly Endorses Cryptocurrency

Russia’s President, Vladimir Putin, has subtly expressed his opinion concerning cryptocurrencies. Putin made a statement that signaled his readiness to accept cryptocurrencies for financial transactions in Russia in the future. Speaking during an interview with CNBC, Putin said that cryptocurrencies have a right to exist and to be used as a medium of transactional payment. Putin however mentioned that it is too soon to begin talks about accepting cryptocurrencies as payment for oil, Russia’s main export commodity. The Road to Cryptocurrency Adoption Cryptocurrencies have been backed for adoption by many countries in the future given the wide rate of acceptance,…
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U.S. SEC Chief Confirms Support for ETFs

U.S. SEC Chief Confirms Support for ETFs

United States  SEC Chief, Gary Gensler, has confirmed his support for Bitcoin Exchange Traded Funds, citing that the BTC Futures have been around for decades and are backed by the law. The SEC boss stated that ETFs would invest in futures instead of digital assets themselves.  Bitcoin futures enable investors to gain exposure to the market, allowing them to buy and sell assets based on transparent speculation. In an interview with Financial Times on Wednesday, Gensler revealed that products, such as ETFs offering exposures to virtual assets have been around for decades. Several open-end mutual funds invest in BTC futures…
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Cardano Clinches Third Spot Again As Price Surges 13%

Cardano Clinches Third Spot Again As Price Surges 13%

Cardano's $ADA has rebounded in green, jumping 13% to $2.20 after almost three days of straight decline. Before now, $ ADA was trading at $2.09, but the recent surge has seen it reclaim its third spot. The latter half of September hasn't been a fantastic period for the crypto after recording a new all-time high of $3.10 on September 2. Experts Expected the Alonzo Upgrade to Push the Price Up Cardano had a major Alonzo upgrade on September 12, and everyone, including investors, predicted it to push the price further up, just like how it happened to Solana. To everyone's…
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India Won’t Rule Out Cryptocurrency Says Nirmala Sitharaman

India Won’t Rule Out Cryptocurrency Says Nirmala Sitharaman

Nirmala Sitharaman, India's minister of finance, acknowledges the relevance of cryptocurrency, but she thinks the country has to consider its own peculiarity in relation to cryptocurrency. El Salvador, a Case Study on Cryptocurrency  She cited El Salvador as an example of the impact of a change in policy on cryptocurrency. El Salvador accepted bitcoin as a legal tender, and this led to protests against adoption of cryptocurrency in the country. She thinks this is proof that the public cares about government policy on cryptocurrency. She doesn't think it is a matter of literacy or understanding, it is rather a question…
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Interest in Robinhood Prototype Digital Wallet App Surges

Interest in Robinhood Prototype Digital Wallet App Surges

In the coming weeks, Robinhood will release a long-awaited application that enables its increased customer base to trade and acquire digital currencies. According to Bloomberg, a preview of Robinhood's IOS app displayed the company's most recent enhancements to the firm's new digital commodity capabilities. It also revealed that there is a secret picture depicting a standing list for people anxious to get their paws on the software, as well as code relating to cryptocurrency transactions. Examining Cryptocurrency in Further Detail Customers of Robinhood may currently purchase and sell digital currencies on the site, but they must first change their cryptocurrency…
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China’s Digital Yuan Set to be Tested by Beijing Winter Olympics

China’s Digital Yuan Set to be Tested by Beijing Winter Olympics

Cryptocurrency is currently a serious topic for significant economies of the world as several countries are rapidly developing digital assets for their national currencies and creating a means for the integration of crypto into finance systems proper. This is especially true in China, which takes its digital yuan for an international test by the Winter Olympics scheduled to take place in Beijing in February. This particular development is a very positive one for China and global cryptocurrency development as it sets the pace for other countries and their digital currencies. Earlier the week, BIS alerted countries and their central banks…
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Gavin Wood Criticizes Solana Following Blockchain Downtime 

Gavin Wood Criticizes Solana Following Blockchain Downtime 

Gavin Wood, founder of Web3 Foundation which created Polkadot (DOT) and Kusama (KSM) has stated his opinion on the recent event that occurred on the Solana blockchain. The blockchain had suffered transaction overload on Tuesday leading to the forking of the network. In a Wednesday tweet, Gavin Wood highlighted the solutions to such problems to prevent similar occurrences in the future. Solana was projected as a scaling solution for the rigidity of Ethereum blockchain which caused fees to skyrocket during periods of extreme traffic. However, it does seem like Solana has solved the challenge of high gas costs on Ethereum…
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Microstrategy Buys Additional BTC Worth About $244m 

Microstrategy Buys Additional BTC Worth About $244m 

Top digital asset management firm and corporate bitcoin bull, Microstrategy, has bought additional BTC worth about $244m based on its latest filing with the SEC. Thus, the company's total BTC purchases in this quarter are now worth about $210m. Microstrategy Remains A Corporate BTC Whale Microstrategy maintains its position as the leading corporate crypto whale. Its BTC asset is now valued at about $3.17B at an average buy price of $27,714 per coin. The company CEO disclosed the additional purchase via his official Twitter handle today. Microstrategy's filing with the sec indicates that it increased its BTC holdings by almost…
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