Author: Crypto Global News

How To Pick the Right Cryptocurrency Investment As Trading Breaks Into the Mainstream, According to Unicorn Venture Capital’s Eunice Wong By David Allegretti For those comfortable with its volatility, cryptocurrency is an exciting new frontier with a myriad of opportunities. We are living in a phase of transition, which could be viewed as akin to the early days of email — an exciting new technology that scared some and excited others. Some took to electronic mail like ducks to water, excited by its possibilities. Others, on the other hand, weren’t so enthusiastic. Eventually, though, whether any individual liked it or not,…

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China Regional Deal, Cashed-Up Towns, Crypto Clampdown: Eco Day By Micheal Heath Happy Friday, Asia. Here’s the latest news and analysis from Bloomberg Economics to take you through to the weekend: Beijing has applied to join an Asia-Pacific trade pact once pushed by the U.S. as a way to isolate China and solidify its regional dominance Philippine cities and towns are set to get more money from the government next year, but many likely won’t be able to spend it Treasury officials have identified what they believe are the most urgent risks posed by Tether and other stablecoins as they ready…

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Crypto Media Company Forefront Raises $2.1M To Cover World of Social Tokens By London Times Forefront, a one-year-old media company that covers social tokens and decentralized autonomous organizations (DAOs), has raised $2.1 million in a new funding round. In an announcement released Thursday on the blockchain-backed blogging platform Mirror, the company said that the financing is part of a “community-driven treasury diversification round,” and that the money is coming in via fiat currency – that is actual dollars – as opposed to crypto. Crypto-native media companies are having a bit of a moment: DJ Trevor McFedries’ Friends With Benefits was recently…

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Crypto Price Prediction: Bitcoin Could Hit $100,000 in 2021 but This Bank Sees Ethereum Soaring 10-Fold By CNBS News Bitcoin and cryptocurrencies have seen their prices swing wildly after soaring through August. The bitcoin price hit recent highs of $52,000 per bitcoin this week before crashing to around $42,000. The price of ethereum, the second-largest cryptocurrency after bitcoin, came within touching distance of its all-time highs this week before falling back. Now, U.K.-based banking giant Standard Chartered has issued a bitcoin and ethereum price prediction sees the bitcoin price rise three-fold from its current levels with ethereum potentially rising by…

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Bitcoin 2.0 Despite Increased Volatility From Sell Downs Reaches New Highs of $0.89 Cents and Expected To Break the $1 Barrier Soon By London Times Bitcoin 2.0 despite increased volatility from sell downs reaches new highs of $0.89 cents and expected to break the $1 barrier soon. The new high was reached in recent days, on slowly increasing trade volume on the new exchange Bitxchange. As it prepares to launch its marketing campaign, which was delayed due to the exclusivity offer for its initial launch period after listing with newbie London based exchange, Bitxchange, its likely to see steady but…

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Ukraine passes legislation to recognize and regulate crypto By London Times The Ukrainian Parliament has adopted legislation regulating foriegn and domestic cryptocurrency exchanges operating from within the country. On Sept. 8, the Ukrainian Parliament adopted the draft law “On Virtual Assets,” legally recognizing cryptocurrency in the country for the first time. The legislation is based on the existing standards developed by the intergovernmental policy-making organization, Financial Action Task Force on Money Laundering (FATF). The Ukraine’s Ministry of Digital Transformation will be tasked with overseeing the implementation of the new virtual asset regulation and guiding the industry’s growth, in adherence with “international standards. Anastasia…

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Russian Duma wants to regulate crypto mining as business By Helen Partz As Russian cryptocurrency advocates are working to attract global crypto mining operators, local lawmakers have gotten more serious about regulating the industry. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, claimed that Russian lawmakers are now considering recognizing the crypto mining industry as a form of entrepreneurship under local business laws, TASS news agency reported Sept. 8. “As this [crypto mining] is a type of entrepreneurial activity, it is obviously necessary to include it into the state register, to regulate it as a type of entrepreneurship under an…

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Did Elon Musk Succeed in Changing Investors Mind on Bitcoin (BTC)? By Godfrey Benjamin Elon Musk, the iconic billionaire and CEO of the electric automaker, Tesla Inc has continued to grow his influence in the cryptocurrency ecosystem. A new survey report has duly captured the extent of the popularity of his opinion. The survey, conducted by Investing.com was targeted at assessing the influence of the eccentric business leader over financial markets. The Investing.com’s Research Survey and Discoveries Per the survey, as much as 49% of the 1,100 respondents in the research said that Bitcoin being environmentally unfriendly is an issue for them as…

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Is Bitcoin Losing Its Position As the Crypto Market’s Leader? By London Times Bitcoin prices have been doing well lately, following a steady, upward trend for the last several weeks as they climb toward the record high they set earlier this year. The world’s largest cryptocurrency by market capitalization reached $51,037.01 today, its highest since May 14, CoinDesk figures show. At this point, it had risen more than 75% since hitting a local low on June 22. While this might sound impressive, other prominent digital currencies have been outshining bitcoin lately with their superior performance. Ether, the second-largest digital asset…

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Better To Mine Crypto Here Than Pick Strawberries In Poland, Says President Of Belaru By Samyuktha Sriram What Happened: Alexander Lukashenko, the president of Belarus, wants his government to get in on mining cryptocurrency. Russian publication RBC news reported that the president of the Eastern European country presented crypto mining as a lucrative opportunity in a recent public gathering. Lukashenko advocated for mining cryptocurrency on the home ground rather than seeking low-paying farming jobs overseas at the opening of the Petrikovsky mining and processing plant earlier this week. He urged employees of potash fertilizer production company Belaruskali, to start mining “cryptocurrency…

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