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Bitcoin (BTC)

Binance Will Convert $1 Billion in BUSD to Standard Cryptos

Binance – the world’s largest and most popular digital currency exchange – is converting more than $1 billion of its stable currency BUSD (Binance USD) into bitcoin, Ethereum, and various other digital assets. Binance Is Converting a Lot of Its Stable Asset The news came about in a tweet issued by the company’s CEO Changpeng Zhao, who stated: Given the changes in stablecoins and banks, Binance will convert the remaining of the one billion Industry Recovery Initiative...

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London Stock Exchange Taps Digital Trading Platform to Launch Bitcoin Futures, Options Trading

The number of countries approving different types of bitcoin futures trading continues to increase, with the UK being the latest example. The London Stock Exchange Group has tapped Global Futures Options to start offering the nation’s first regulated trading clearing in bitcoin index futures and options derivatives. Although the exact date of the product launch is unclear yet, both parties’ expectations indicate that the product will see the light of day during the last...

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Bitcoin Spikes Despite Silicon Valley Bank Drama

Bitcoin is truly an amazing asset. No matter what happens in the economy, no matter how bad things get, the world’s number one digital currency by market cap is still striving to do as well as it can, and its recent price rally – despite the collapse of financial institutions such as Silvergate and Silicon Valley Bank – is proof of this. Bitcoin Continues to Impress Us All To be fair, bitcoin has received a fair bit of support given that these banks and others like them...

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EOS Price Analysis: Indicators Suggest Upside Break To $1.3

EOS price started a fresh increase from the $1.12 support against the US Dollar. The price is now trading above $1.15 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $1.20 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move up if it clears the $1.24 and $1.25 resistance levels. EOS price is rising above $1.18 against the US Dollar, similar to Bitcoin. The price could...

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Bitcoin Optech – Bulletin #245

Bulletin d’information hebdomadaire Bitcoin Optech du 5 avril 2023 traduit par @copinmalin. Le bulletin de cette semaine résume une idée pour les preuves de responsabilité des tours de contrôle (watchtowers) et comprend nos sections habituelles avec des annonces de nouvelles versions et de candidats à la publication, ainsi que des descriptions des principaux changements apportés aux logiciels...

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Litecoin (LTC) Price Analysis: Dips Supported Near $90

Litecoin started a steady increase above $90 against the US Dollar. LTC price is now trading above $90 and the 55 simple moving average (4 hours). There is a key bullish trend line forming with support near $91 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair remains supported for more gains unless there is a clear move below $87.20. Litecoin price is correcting gains from $98 against the US Dollar, similar to Bitcoin. LTC price could continue...

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El Salvador Grants its First Crypto Licence to Bitfinex

Bitfinex became the first cryptocurrency exchange to be registered as a Digital Asset Service Provider (DASP) by the regulators of El Salvador. The Latin American country is a pioneer in the industry, embracing bitcoin as a legal tender in 2021. Under the rule of President Nayib Bukele, it purchased amounts of the primary cryptocurrency on a macroeconomic level and launched numerous BTC-related initiatives. ‘Delighted to Be the First’ In a recent blog post, Bitfinex described...

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Argentina Approves BTC Index Futures Contracts on Matba Rofex Exchange: Report

Argentina’s securities regulator – the National Commission of Value (CNV) – reportedly authorized the local exchange Matba Rofex to launch regulated Bitcoin index futures contracts.  Argentines have recently shown rising interest in the primary cryptocurrency and other digital assets. One factor behind the surging appetite could be the concerning inflation rate in the country and the political instability.  Additional BTC Options for the Locals The BTC index futures contracts...

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L’économie des pyramides hiérarchiques et celle des réseaux distribués ou les raisons profondes du désamour des élites envers Bitcoin

Deux régimes d’organisations de la production économique Commençons par un petit rappel théorique. Tous les groupes sociaux ayant des interactions économiques (production, transactions…) peuvent être décrits comme des réseaux de plus ou moins grandes pyramides hiérarchiques (chef(s), sous-chef(s), exécutants…) selon leur degré de centralisation. C’est notamment le cas des entreprises ou des associations. Dans le cadre d’une...

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Fed Expected to Raise Rates 25-50bps: How It Could Affect Bitcoin Price

Fed watchers expect the American central bank to raise the federal funds rate by 0.25 or 0.50 percent. The CME Fed Watch tool has notched up to anticipating a 0.50 interest rate hike in the Fed Funds rate, with a 72% probability of at least a 0.25 hike at the next meeting. The Yahoo Finance Live team reported Monday: The Fed has a big decision to make at its next meeting on May 2 to 3. The probability of another 0.25% hike is now at 72%. And that’s according to the CME Fed...

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