Amid the expanding Chinese Crypto crackdown, many exchanges have waved the white flag to the regulators. While the authoritarian government stands a strong ground against the decentralized sphere, the crypto platfroms suffer another blow with every new anti-crypto law. Two of the world’s largest cryptocurrency exchanges, Huobi and Binance have given up the fight for crypto in the Chinese territory.
A hamster that trades cryptocurrencies has been outperforming Bitcoin and the S&P 500 since June. The rodent, called Mr. Goxx, uses a device called the “goxx box,” to give signals and make purchases in front of the live streaming audience that follows him. Mr. Goxx has achieved an impressive current score of +24% and even got to +50% before the latest crypto selloff.
Cardano ($ADA) blockchain is fast moving towards building its own decentralized ecosystem after the successful integration of smart contracts via Alonzo hardfork. During the ongoing Cardano Summit 2021, founder Charles Hoskinson announced COTI would be the official stablecoin issuer on the Cardano blockchain that would issue Djed stablecoins.
While Speaker Nancy Pelosi expects the infrastructure bill to pass, the Democrats are divided on whether to pass the legislation before the terms of a follow-up $3.5 trillion package is finalized.
The Dogecoin price analysis is positive today, as the market has resumed finding support at $0.20 and is presently looking to reverse. As a result, we anticipate DOGE/USD to rise higher over the next week and perhaps breach the $0.23 local swing high.
Bitcoin’s status as store of value is being questioned frequently of late, due to its volatile price action. Marion Laboure, Analyst at Deutsche Bank Research said that she could potentially see Bitcoin becoming the 21st-century gold. She explained that even gold was volatile historically, but, “It is important to keep in mind that Bitcoin is risky”
Nearly half of cryptocurrency owners claim that they would race to purchase an altcoin based on one key development.
The crypto exchange giant has announced further restrictions to its operations in Singapore amid regulatory scrutiny.
Popular pseudonymous analyst and trader “Crypto Capo” (“@CryptoCapo_” on Twitter) says that the price of Cardano’s $ADA token is headed to $10.