Month: August 2022

German Crypto Exchange Nuri Files for Insolvency

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Cryptocurrency exchange Nuri has filed for insolvency, reportedly becoming Germany’s first fintech to take the step in a challenging year for startups in the industry. Customer access to the platform’s services and their funds will not be affected, the company assured. Crypto Exchange Cites ‘Lasting Strain on Liquidity’ as Reason for Insolvency Filing Berlin-based crypto … Read more

Bitcoin, Ethereum Technical Analysis: ETH Surges Back Above $1,700 as US Inflation Falls to 8.5%

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Ethereum was once again volatile on Wednesday, as prices of the token fell below $1,700 ahead of the latest U.S. inflation report. However, following the report, which came in at 8.5% in July, the token surged back above this point. Bitcoin was trading lower, as it continued to hover below $24,000. Bitcoin Bitcoin (BTC) was … Read more

Bitcoin Holds Support at $23K as Coinbase Earnings Reveal Billion-Dollar Losses

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After rising to $24k this week and testing support at $23k yesterday, Bitcoin continues to trade sideways today, managing to hold current support levels. The 24-hour trading volume shows a slight decline, down 9% today as the markets slow down. Key Points: Bitcoin continues to hold support at $23k and trades sideways. Coinbase’s Q2 Earnings … Read more

Report: Nearly 13,000 Chinese Social Media Accounts Promoting Virtual Currency Closed

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Nearly 13,000 Chinese social media accounts that allegedly promoted virtual currency investments were closed, the Cyberspace Administration of China recently revealed. In addition, some 51,000 social media posts with content relating to the marketing or promotion of investments in virtual currencies were removed. 105 Websites Shut Down A Chinese regulator, the Cyberspace Administration of China … Read more