The South Korean cryptocurrency exchange has announced the establishment of its first legally recognized affiliate in China. Although the country has banned all local trading services in cryptocurrencies, DBX said it has already obtained a license to do so. Final certificate of approval issued on 5 February According to Money Today, DBX has received a business license to establish a subsidiary in China as part of its overseas expansion plans. The cryptocurrency exchange is affiliated with the Korea Blockchain Coordination Association. According to the stock exchange, the Chinese government has announced the opening of the branch on the 28th. December…
Author: Gordon James
Gordon James
Gordon James is a crypto journalist who loves to write about the latest news and trends in the blockchain world. He has been following the cryptocurrency space since early 2017, and is fascinated by the potential that blockchain technology has to change the world. In his free time, Gordon enjoys hiking and spending time with his dog, Tucker.
Indian cryptocurrency exchanges have pooled their resources and launched a campaign to get as many parliamentarians as possible behind the regulation of cryptocurrencies. A draft law on cryptography will soon be submitted to Parliament. It aims to ban the issuance of cryptocurrencies while creating a framework for the Reserve Bank of India (RBI) to issue digital rupees. Indian crypto industry’s campaign to introduce positive regulation of the crypto industry The Indian government is planning to introduce a cryptocurrency bill titled Cryptocurrency and Regulation of Official Digital Currency Bill 2021 in the current session of parliament. The bill aims to create…
The idea of market cycles is widely accepted in the financial world. The most fundamental principle is that what goes up must come down. The main reason is that investors accumulate funds when prices are low, leading to higher prices. When the price peaks, selling pressure increases as holders try to cash in, which drives the price down. If you bought bitcoin (BTC) in 2017 or earlier, this will sound eerily familiar. It basically describes what happened during the last rally, when BTC hit a high of $20,000. As a result, most cryptocurrency holders are watching the current market conditions…
The cryptocurrency industry has created a new digital economy that offers individuals a number of brand new ways to generate passive income online. In this guide, you’ll find ten ways to earn passive income with cryptocurrencies that you can get started with today. Stable parts PvS Proof-of-stake (PoS) cryptocurrencies protect their blockchains by forcing users to bring coins into play (by locking them or keeping them in a cryptocurrency wallet), as opposed to contributing computing power to the network (as in proof-of-work chains like bitcoin). In exchange for securing the network and processing transactions through aggregation, holders will be rewarded…
Analyst firm Santiment reports that sentiment toward cryptocurrencies has fallen to an all-time low in 2021 – even as some experts continue to lower bitcoin’s $400,000 price target. Sentiment changed this week after Bitcoin fell below $60,000 to its current price of $56,300 and Ethereum fell below $2,000, according to Santiment. Ether is currently trading at $1,986. Crowd sentiment towards #Bitcoin and #Ethereum seems to have fallen into extremely negative territory after $BTC fell below $60k this week and $ETH fell below $2k. Historically, buying at these #FUD and fear levels is a #bullish opportunity. https://t.co/u7LKbvoqSt pic.twitter.com/ZTxQFroEfM – Sentiment (@santimentfeed)…
The American business magazine Forbes recently published its documentation of the world’s richest billionaires for 2021. According to the list, which is published every March, there are currently 12 billionaires working directly in the cryptocurrency industry, and the list of crypto-billionaires is three times larger than last year. Current list of crypto billionaires Since March 1987, Forbes has been publishing a list of the world’s richest billionaires for all to see. Yoshiaki Tsutsumi, then a Japanese businessman and real estate tycoon, was the richest man in 1987 with an estimated fortune of about $20 billion. Since then, Forbes has used…
While many cash exchanges show stable prices in a few select areas of the world, bitcoin is selling at a premium. This is now the case in South Korea, where there is a price differential on South Korean domestic exchanges compared to foreign exchanges, also known as the kimchi premium. Bitcoin, Ethereum and Bitcoin Cash are granted in South Korea Bitcoin prices on the domestic crypto currency exchanges in South Korea are much higher than on most exchanges around the world. For example, the price of bitcoin (BTC) reached $58,500 per unit Tuesday morning (EST). However, in South Korea, BTC…
PRESS RELEASE. PotCoin (Ᵽ) is migrating from its old blockchain to Nexus (NXS). PotCoin has made Nexus the platform of choice, believing that together they will best serve the growing cannabis industry. The North American recreational and medical cannabis market is already worth $17.7 billion in 2021 and is expected to reach $47.3 billion by 2027 [1], with an estimated annual growth rate of 44 percent. As cannabis is increasingly decriminalized and legalized around the world, the potential for economic growth is exponential. After careful consideration, PotCoin has identified Nexus as the most suitable platform to support its ambitions in…
Sales of illiquid tokens (NFTs) and collectibles are beginning to decline, and interest in NFTs is waning. Moreover, according to James Surowiecki, author of Crowd Wisdom, an oversupply of NFT could hurt the market. Unreadable chips were all the rage in 2021, and the industry has become very popular in recent months. In the period from 7 to 13. In March 2021, the Google searched term NFT in the US reached a record 100 in Google Trends (GT). Since then, according to today’s GT data, the number of NFT filings in the U.S. has dropped to 92 next week and…
The price of bitcoin (BTC) is showing signs of recovery after breaking through the $40,000 resistance zone. The combination of optimistic data points about the blockchain and a favorable market structure has analysts and traders anticipating an imminent breakout of bitcoin to a new high. In the short term, the $38,000 and $40,000 levels remain the biggest hurdles for bitcoin. The further BTC moves away from the $40,000 level, the greater the chance of a potential correction. Therefore, it is very important for bitcoin to pass the $40,000 mark and stay above it in the near future. Bitcoin has spent…