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Mercado Bitcoin’s Parent Company 2TM Secures $50 Million to Push Expansion

2TM Participacoes, the parent company of Brazil’s largest cryptocurrency exchange, Mercado Bitcoin, has recently raised $50 million from investors to further its expansion project. Crypto Service Expansion in LatAm According to a Tuesday report by Bloomberg, the company will use the funds to increase its product offering and expand its services to other Latin American markets, including Chile, Argentina, Mexico, and Colombia. 2TM’s funding round received support from several...

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Cardano Price Analysis: ADA Downtrend Reversal Following 10% Daily Surge?

Key Support levels: $1.5 Key Resistance level: $1.9 ADA found good support on the $1.5 level, and today, bulls moved the price closer to the key resistance at $1.9. If they can sustain this momentum, then ADA has a good chance to break above it and start a new rally. This price action is also a significant sign of strength, particularly when most of the market is in red today. Chart by TradingViewTechnical Indicators Trading Volume: Today, the volume was good from the bulls,...

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It’s Time for South Korea to Embrace Cryptocurrencies, Says KRX Chief

At the stage of the 2021 Global ETP Conference, Sohn Byung-doo stated that the digital asset industry is not very different from capital markets. The exec emphasized the need for investor protection and transaction stability support. The KRX Chief Wants To Study Crypto So far, Bitcoin and cryptocurrencies remain outside the domestic regulatory scope that covers the traditional financial sector. On that note, Byung-doo highlighted the growing number of crypto investors in...

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Ripple Price Analysis: XRP Fails to Climb Back Above $1 as Bears Intervene

Key Support levels: $0.89 Key Resistance level: $1 The bulls did not have enough strength to keep XRP above $1 despite a worthy attempt two days ago. Price only spent a day above $1 before losing this level. Since then, the cryptocurrency has been falling towards the support at $0.89, and $1 remains the key resistance. This shows that bears continue to control the price action. Until bulls reclaim and hold prices above $1, XRP is unlikely to draw much attention from the...

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EOS Price Analysis: Bears In Action Below $4

EOS price started a fresh decline from the $4.15 resistance against the US Dollar. The price is now trading below $4.00 and the 55 simple moving average (4-hours). Earlier, there was a break above a major bearish trend line with resistance near $4.00 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase). The pair could continue to move down below the $3.85 and $3.80 support levels. EOS price is showing bearish signs below $4.00 against the US Dollar, similar...

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Litecoin (LTC) Price Analysis: Risk of Fresh Decline Below $200

Litecoin price is facing resistance near the $220 zone against the US Dollar. LTC price is now trading near $205 and the 55 simple moving average (4-hours). There was a break above a crucial bearish trend line with resistance near $211 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase). The pair could start a fresh decline if it fails to stay above the $200 support. Litecoin price is consolidating above $200 against the US Dollar, similar to bitcoin. LTC...

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Here Are The 10 Best Performing Cryptocurrencies in November

November was a month full of ups and downs. The total cryptocurrency market capitalization remained flat at around $2.65 trillion, but Bitcoin’s price is down a little more than 6% throughout the same period. This means that altcoins stepped up, which can also be confirmed by the declining BTC dominance. Bitcoin’s share relative to that of the entire market is down about 3% in a month. With this in mind, we’ve decided to take a look at the top 10 best-performing...

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Hedge Fund Chief’s Inflation Prediction And What it Could Mean for Crypto (Opinion)

In a CNBC interview over the week, a major hedge fund manager predicted that “massive inflation” will lead the Fed to hike interest rates six times by 2024. Crypto traders are keeping a close watch on the macro-financial environment as they wrap up another volatile month. Federated Hermes has over $600 billion in assets under management. Phil Orlando, the investment firm’s chief equity strategist, has been a long-time stock market bull but expects the big changes at the...

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Could Jerome Powell Affect the Crypto Market? Analysts Weigh In

Jerome Powell has been nominated to lead the Federal Reserve in 2022, and many analysts believe this could bear serious repercussions for the cryptocurrency space. Powell Might Not Be Great for Crypto, Analysts Claim While Powell is all set to lead the Federal Reserve, his counterpart vice chairwoman may be Lael Brainard. Both nominations will need to be confirmed by a majority vote in the Senate. Powell served as the Federal Reserve chair under President Donald Trump,...

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Moon Pay Is One of the Newest – and Biggest – Crypto Firms Today

Moon Pay – a crypto and fintech firm – is only three years old and one of the newest players in the digital currency industry. However, the company is already valued at more than $3.4 billion thanks to its first ever funding round, which took place two Mondays ago. Moon Pay Has Come a Long Way in a Short Time During this round, the company managed to add more than half a billion to its overall market valuation. The event was led by Tiger Global. The company has been...

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