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Tag Archives: News

Bitcoin Cash Analysis: Risk of Fresh Decline Below $105

Bitcoin cash price started a fresh decline from the $120 zone against the US Dollar. The price is now trading below the $115 zone and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $111 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it breaks the $107 and $105 support levels. Bitcoin cash price is declining from the $120 zone against the US Dollar, unlike bitcoin. BCH/USD...

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Analysts Say Bitcoin Has Become “Boring”

For the last several months, the volatility of bitcoin appears to have calmed down somewhat. The world’s number one digital currency by market cap has, to one degree or another, been hovering around the $20K mark for some time, and while there are little moments here and there when it goes up or down, the range appears to be relatively consistent. Bitcoin Volatility Has Remained Relatively Still With all this in mind, it appears bitcoin trading has become rather “boring” as of late. This is...

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Crypto Mining Companies Really Have It Hard

The crypto mining sector is falling apart, and miners are being hit from all angles at the time of writing. Crypto Mining Is Beginning to Crash and Burn To be fair, the prices of many mainstream digital assets – such as bitcoin, the world’s number one digital currency by market cap – have remained relatively still over the past few weeks. While things are nowhere near as solid as they were a year ago, volatility has remained relatively low in the autumn and winter months compared to where...

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TON Steward Announces $126M Rescue Fund to Attract More Projects

The TON Foundation’s rescue fund will help projects experience liquidity problems amid the recent collapse of the crypto exchange FTX.The TON Blockchain platform, initially developed by social media giant Telegram, is now on a new journey in the crypto space. On Wednesday, November 30, the stewards of the TON network announced a new rescue fund with an initial commitment o $126 million.The TON network said that the fund will help projects experience liquidity problems amid the recent collapse...

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Reserve Bank of India Rolls Out Pilot Phase ahead of Digital Rupee Launch

The RBI is test-running its digital rupee in numerous banks and Indian cities as it nears the official launch of the CBDC. Ahead of the proper launch of the digital rupee, the Reserve Bank of India (RBI) has decided first to conduct a pilot rollout of the virtual fiat. According to the Indian central bank, eight banks will participate in the project, which will occur in two phases. The first phase will feature four banks: Yes Bank, the State Bank of India, ICICI Bank, and IDFC First Bank....

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Elon Musk Announces Human Trial for Neuralink New BCI Chip

Elon Musk said the Neuralink device called N1 would provide solutions to two body-impaired challenges, namely blindness, and quadriplegia.During a “show-and-tell” event organized by Neuralink, Elon Musk announced the next phase of development for the N1 brain-computer interface (BCI) chip. The world’s most famous and multi-serving executive showed the audience how a brain implant controls a monkey. For the past five years, Neuralink has been conducting such tests on animals. The...

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The RBI Is Getting Its Digital Rupee Ready

The Reserve Bank of India (RBI) has unveiled its new pilot program that will see various consumers testing out the latest version of its digital rupee. A CBDC (central bank digital currency), the digital rupee is slated to be used for purchases of goods and items amongst everyday residents. The RBI Is Boosting the Use of Its Digital Rupee Pratik Gauri – co-founder and CEO of 5ire, a blockchain company – explained in a recent interview: I believe blockchain and decentralization are necessary...

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Tesla (TSLA) Stock Soars 7% on News Fed May Slow Rate Hikes

Tesla CEO Elon Musk was one of those who shared his sentiments on the likelihood of a recession next year.The shares of American multinational electric car manufacturer Tesla Inc (NASDAQ: TSLA) are seeing marginal growth in the Pre-Market today after the stock recorded a bumper session on Wednesday. Investors went on a buying spree pushing the share price to $194.70 atop a 7.67% growth on Wednesday as Federal Reserve (Fed) Chairman, Jerome Powell hinted at the Brookings Institute that the...

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Porsche Forays into Metaverse, Reveals Plans to Launch NFTs at Art Basel

The collection is expected to launch by January 2023, with a total of 7,500 unique NFTs.Luxurious automaker Porsche has come forward with a plan to venture into the virtual world using non-fungible tokens (NFTs) art. The automaker revealed its plans to launch the Porsche NFTs during the ongoing Art Basel in Miami, Florida.Details of Upcoming Porsche NFTsAccording to the firm, the collection will have a total of 7,500 unique NFTs. The firm also confirms that it will be launching the collection...

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EV Charging Startup Volta Stock Closes Below 50 Cents for First Time since Public Listing

Volta recently closed under 50 cents for the first time as a public company due to a cash crunch and the possibility of stock delisting.EV charging startup Volta (NYSE: VLTA) saw its shares close below 50 cents for the first time since its public listing last year. This recent relative stock underperformance could be attributable to several factors affecting the electric car charging company. They include a cash crunch as well as the possibility of a stock delisting.Volta stock briefly...

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