IMF intends to ‘ramp up’ digital currency monitoring
The fund will greatly expand to cover all aspects of digital currency while also working with related financial institutions. Go to Source Powered by WPeMatico
DIGIT
Altcoins pump while traders anticipate a lower support test from Bitcoin
RUNE, QNT and PERP continue to gather strength even as analysts expect a lower support test for Bitcoin price. Go to Source Powered by WPeMatico
Ethereum price can hit $14K if the March 2020 chart fractal holds
One trader spotted the fractal, which employs three classic technical indicators to predict an upside trend for Ethereum. Go to Source Powered by WPeMatico
Easy-Money Policy Continues: Fed Plans to Keep Purchasing Assets, Interest Rates to Stay Near Zero
Members of the U.S. Federal Reserve discussed the possibility of economic measures and actions at the Federal Open Market Committee’s (FOMC) meeting on Wednesday. The Fed said that right now the central bank is not considering cutting back large asset purchases just yet, and the central bank also plans to keep interest rates at near-zero. … Read more
Algorithmic stablecoins show promise of reducing volatility — ShapeShift
“Stablecoin experimentation is happening in real-time with billions of dollars at stake in this vast permissionless lab we call DeFi,” reads a new research report from ShapeShift. The author focuses on the rise of algorithmic stablecoins and their potential use cases. Go to Source Powered by WPeMatico
Greenidge Generation will use BTC mining profits to build solar farm
According to the mining firm, it aims to create high-tech jobs for residents and support local businesses with the solar farm. Go to Source Powered by WPeMatico
New Jersey’s Order Against Blockfi Extended, Vermont Issues Notice to Crypto Lender
On July 28, Zac Prince, the CEO of crypto finance firm Blockfi, explained that the company has been “engaged in a productive discourse” with U.S. regulators. Prince further said the New Jersey Bureau of Securities had extended the state’s previous order to September 2. Meanwhile, the company also has issues with Vermont’s Department of Financial … Read more
Western nations need better public-private cooperation on crypto, says Mohamed El-Erian
The famous economist has warned that western nations risk losing out to China in the emerging digital economy if they continue to be dismissive of crypto. Go to Source Powered by WPeMatico
COIN price fails to impress as more crypto firms are eager to go public
One of the best options for larger crypto companies to maximize their liquidity reserves seems to be by going public. Go to Source Powered by WPeMatico
Bit Mining to Deploy Another 2,500 Bitcoin Miners in Kazakhstan
Bit Mining is going to expand its operations in Central Asia with the purchase of 2,500 crypto mining machines slated for deployment in Kazakhstan. The new devices are expected to increase the Chinese company’s total hashrate capacity by an estimated 165 petahashes per second. Bit Mining Buys New Cryptocurrency Miners for Data Centers in Kazakhstan … Read more
