The New Normal’s paradigm shifts have encouraged most, and even forced many, to be home-bound for their work and education. After chronicling a recent influx in novel retail users, let’s see how Forex brokers have fared to provide new formats of trading education. After having experienced a significant inflow of new demographics into the Forex retail market, Forex brokers had […]
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Bitcoin price started a steady increase above the $36,000 resistance against the US Dollar. BTC even broke $37,000 and it is now showing positive signs. Bitcoin gained bullish momentum above the $35,000 and $36,000 resistance levels. The price is currently trading well above $36,000 and the 100 hourly simple moving average. There was a break above a major bearish trend […]
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Popular crypto derivatives exchange BitMEX has announced a $150,000 grant for Calvin Kim — a Korean-based Bitcoin scaling researcher. The grant comprises the second instance in which BitMEX has backed Kim’s research, with the exchange donating $30,000 to Kim in August 2020. For his current research, Kim plans to implement Utreexo into Bitcoin deployments using the Go and Rust programming […]
Read moreStatistics now show the Eth2 deposit contract has more than 5.2 million staked ether worth over $13 billion locked into the smart contract. The contract launched on November 4, 2020, and three weeks later, the contract met the required threshold to initiate the Beacon Chain. It’s not cheap to become a validator these days, as today’s exchange rates show the […]
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Cryptocurrency has never been looked at through a positive lens by India, and the Asian country has always had a certain sense of animosity towards it. Nevertheless, cryptocurrency exchanges and related firms have continually put their money into India, hoping that things will change in the coming future. India Is Getting a Lot of Financial Attention India really set itself […]
Read moreBelt Finance, a Binance Smart Chain-based decentralized lending protocol, lost $6.3 million in a flash loan attack last week. The attackers took advantage of a series of inefficiencies in the smart contract to manipulate the price of the set and obtain profit from a series of transactions. This is just the last of a series of attacks that seem to […]
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In April 2018, the Reserve Bank of India (RBI) asked local banks to stop providing services to cryptocurrency exchanges and related businesses, subsequently halting fiat-to-crypto trading in the country. Since then, many Indian exchanges have been struggling to keep up their payment channels as the banks sever ties with them despite the Supreme Court ruling against RBI and lifting the […]
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India’s central bank clears ambiguity over crypto regulations in the country. Banks Can’t Advise Against Trading in Crypto In a tweet posted today, the Reserve Bank of India (RBI) cleared clouds of confusion regarding the regulatory nature of cryptocurrencies in India. According to the circular tweet by the RBI, no bank in India can caution its customers against dealing in […]
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Japan’s Financial Services Agency (FSA) has issued a warning letter to Singapore-based major cryptocurrency exchange Bybit, alleging that it has been running unlicensed services in the country. The Japanese watchdog says the fifth-largest crypto derivatives exchanges by trading volume is not registered before the local authorities to provide digital asset services. According to the warning, Bybit has allowed Japanese citizens […]
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