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An economics professor and former adviser to the People’s Bank of China has urged the Chinese government to reconsider its ban on cryptocurrencies. He warned that banning crypto activities could result in missed opportunities that are “very valuable” to regulated financial systems. Chinese Economist Warns of Missed Opportunities Due to Crypto Ban A former adviser […]Powered by WPeMatico
China has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin.
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“I didn’t worry too much. I knew the developer team, the community supporting Neo wasn’t going to quit,” said Neo investor Lucas.
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In the last 24 hours, the decentralized exchange sector has logged a combined profit of over 60%, while their centralized counterparts have grown by just 0.77%.
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The fractal setup appeared at the beginning of the Bitcoin price rallies in January 2019, January 2020, March 2020 and December 2020.
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The megaphone-shaped pattern reflects growing disagreement between investors over the next Bitcoin trend bias.
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The latest price declines came after the US inflation rose to a 30-year high in June.
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The bearish outlook surfaces as Bitcoin prices form a classic cup and handle pattern, now in the last stage of its maturity.
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The 14th largest cryptocurrency by market cap jumped by more than 55% after bottoming out at $20.14 on Tuesday.
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