Author name: Peter

Bitcoin and Ethereum Technical Analysis: BTC Bulls Break 5-Day Downward Trend

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After a five-day downward trend, Bitcoin experienced a much-needed resurgence on Friday. The cryptocurrency seems to have found a temporary price floor, as traders adjust to the recent U.S. inflation report, which remained steady at 3.7%. Ethereum also saw a minor uptick, recovering from its recent bearish trend. Bitcoin Bitcoin (BTC) broke its five-day losing […]

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US SEC’s Stance on Grayscale’s Bitcoin ETF Conversion: A Game Changer?

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The U.S. Securities and Exchange Commission (SEC) has reportedly taken a step back from challenging a court ruling that favors Grayscale Investments' plans to convert their Bitcoin fund into an Exchange-Traded Fund (ETF). This information, reported by Reuters, could be an indicator of the regulator's evolving perspective on a Bitcoin ETF. The SEC's Decision: A

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Reserve Bank of India Expands Its Central Bank Digital Currency Pilot

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The Reserve Bank of India (RBI) has taken an important step towards adopting digital currency. The institution recently announced the initiation of a pilot for a second use case of its wholesale central bank digital currency (CBDC), with a focus on the call money market. Reserve Bank of India's New Venture into Digital Currency According

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Worldcoin Introduces Advanced State Bridge and Amasses Over 2.3M Users Amid Changing WLD Market Conditions

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The globally recognized iris-scanning project, Worldcoin, has recently incorporated a state bridge into its infrastructure. This new addition allows users to establish and connect their personal bridge with the universal identity, known as World ID, and any blockchain compatible with Ethereum Virtual Machine (EVM). The latest data reveals that Worldcoin has successfully registered approximately 2.35

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The Shrinking Gap: Grayscale’s Bitcoin Trust’s Discount to NAV at 16.59%

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Grayscale’s Bitcoin Trust, popularly referred to as GBTC, has recently experienced a considerable shift in its market dynamics. In January 2023, GBTC was trading at a notable 48.31% discount to its net asset value (NAV). However, the gap has now shrunk to 16.59%, which suggests a shift in the market sentiment and brings potential implications

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Insights into Bitcoin and Ethereum’s Market Performance: BTC Reaches 10-day Nadir, Fraudulent Activity Affirmed by Caroline Ellison

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Recently, Bitcoin (BTC) experienced a downward trend for four consecutive days, causing traders to pay close attention to the situation. Simultaneously, a confirmed fraudulent activity by Caroline Ellison on behalf of SBF has stirred up the market sentiment. Bitcoin's Market Performance Bitcoin, the world's largest cryptocurrency, has witnessed a significant dip in its value. In

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Unveiling the S300 MiniPOD: The New Revolution in Cryptocurrency Mining Centers by Digital Shovel

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Stepping up as a game-changer in the Bitcoin mining infrastructure, Digital Shovel proudly presents its latest breakthrough in the MiniPOD series, the S300 MiniPOD. This new MiniPOD modular cryptocurrency mining data center significantly enhances the design and functionality of the previous products. It streamlines various aspects of the installation and operation of a portable mining

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