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Cryptocurrency News

Location American Cryptocurrency News for 16 August 2022
JPMorgan Boss Jamie Dimon Warns 'Something Worse' Than a Recession Could Be Coming JPMorgan CEO Jamie Dimon has shared his predictions for the U.S. economy, including a chance of “something worse” than a recession. “There are storm clouds,” the executive said, citing interest rates, QT, oil, Uk...
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Spending $276M in Ether -- Colossal Ethereum Whale That Participated in the Genesis ICO Transfers 145,000 ETH After three years of dormancy, a massive ethereum whale that participated in the project’s first token sale, also known as the Genesis initial coin offering (ICO), spent 145,000 ether worth just over $276 million using...
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UN Agency Urges Authorities to Curb Cryptocurrency Expansion in Developing Countries A United Nations trade body has recommended a set of policy actions to “curb the expansion of cryptocurrencies in developing countries.” The intergovernmental group stressed that if cryptocurrencies become a widespre...
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Traders flinch after Ethereum price rejects at $2,000

Coin Telegraph - 16 Aug 2022 00:15
Traders flinch after Ethereum price rejects at $2,000 Data shows pro traders are slightly skeptical of the strength of Ethereum's rally after ETH price sold off at the $2,000 resistance.
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Ron Paul Insists US Economy's 'Collapse Will Come,' Former Congressman Says Liquidation Is 'Absolutely Necessary' Just recently the American author, economist, and retired politician Ron Paul discussed the rising tensions between China and Taiwan during an interview and he talked about the U.S. economy as well. Paul insists that the...
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El Salvador's Chivo BTC App Largely Disused & ATM Booths 'Empty' - Report Under 2% of remittances made to El Salvador make use of the state-operated Chivo bitcoin (BTC) app and wallet - and bitcoin ATM booths in the nation are "empty" less than a year after their launch, a new report has claim...
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Bitcoin traders anticipate new yearly lows after BTC's $25K rejection -- Data disagrees Should traders expect further downside after BTC failed to hold above $25,000?
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Proposals for New Common Currency Resonate in Latam, to Undermine US Dollar Dependency Two new proposals for a new common currency to be established in Latam have been made recently. Former Brazilian president and candidate Luis Inacio Lula Da Silva mentioned the idea in May, and the president of the Colom...
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Solana (SOL) price is poised for a potential 95% crash -- Here's why SOL price gained 75% in the past two months, but technical analysis suggests it could be an elaborate bull trap.
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Embattled Crypto Lender Hodlnaut Seeks Judicial Management in Order to Rehabilitate the Company Eight days ago, the crypto lender Hodlnaut announced that the platform was suspending withdrawals after citing volatile market conditions. This week the company says it is seeking judicial management that aims to “prov...
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Is Bitcoin really a hedge against inflation?

Coin Telegraph - 16 Aug 2022 18:00
Is Bitcoin really a hedge against inflation? Bitcoin is working as a hedge against inflation despite its 2022 weak price performance, says Steven Lubka, Managing Directors of Private Clients at Swan Bitcoin
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Worried about inflation's impact on your retirement savings? Invest in cryptocurrency The global economy is tumbling, but we might be able to find some hope in cryptocurrencies.
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Biggest Movers: DOGE Races to 3-Month High, XMR Hits Strongest Price Since June Dogecoin moved to a three-month high on Tuesday, as prices of the token were up by over 15%. Today’s move comes despite crypto markets mainly falling, with the global market cap 0.21% lower as of writing. Monero was al...
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Uzbekistan Blocks Access to Overseas Crypto Exchanges; Binance, Kraken, FTX, Huobi Reportedly Included The government in Uzbekistan has blocked internet access to unlicensed crypto exchanges based outside of the country, citing a need to protect its citizens from "fraudsters." According to a statement published by the gov...
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USDT market cap up by $2 billion following Tornado Cash debacle Tether's market capitalization has reversed a three-month downtrend while USDC sees a drop in value after the U.S. imposed sanctions against Tornado Cash.
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Coin Center Says OFAC's Tornado Cash Ban 'Exceeds Statutory Authority,' Plans to 'Engage' With US Watchdog On August 15, the non-profit that focuses on policy issues facing crypto assets, Coin Center, published a blog post that says the organization is looking at the legality of the recent Tornado Cash sanctions enforced by t...
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Bitcoin, Ethereum Technical Analysis: ETH Falls Below $1,900 as Markets React to Weakening Chinese Economy Ethereum fell below $1,900 earlier today, as crypto markets continued to react to disappointing economic data from China. Figures for July showed that both retail sales and industrial production in China had grown by les...
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South Korea's SK Securities to Team up with Regional Bank for Crypto Custody, NFT Move The securities arm of South Korea's second-largest business group will take the crypto plunge - and will team up with a domestic commercial bank as part of its efforts....
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Bitcoin and Ethereum Stuck In Range, DOGE Resumes Rally Bitcoin price is trading in a range near the USD 24,000 pivot level. BTC seems to be struggling to gain pace for a move above USD 24,500. It is currently (11:20 UTC) showing a few positive signs and might attempt a fresh...
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How a Trezor Wallet Passphrase Taking a Lifetime to Brute Force Was Cracked by KeychainX Experts in 24 Hours Have you lost the passphrase for an hardware wallet and looking how to recover your coins? Here is how the KeychainX recovery experts have done just that for a client. This is a trusted service provider that specializes ...
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Bitcoin miners hodl 27% less BTC after 3 months of major selling The industry's "hodlers of last resort" have had no choice but to sell their coins, but the trend is fiercely reversing this month, data shows.
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Celsius Saga Continues: New Filings Reveal 'Delusional' Plan for 'Standalone Reorganization', Says a Lawyer The drama surrounding the troubled crypto lender Celsius (CEL) continues, with a new omnibus reply and a PowerPoint presentation that outlines plans for a "standalone reorganization" described by one lawyer as "delusiona...
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