May 5, 2022

WHAT IS THE RELATIONSHIP BETWEEN THE DOLLAR AND THE BITCOIN

WHAT IS THE RELATIONSHIP BETWEEN THE DOLLAR AND THE BITCOIN

However, Bitcoin acts barely anything like the US dollar, proposing that its relationship with the world’s it isn’t that clear to lead government issued money. While Bitcoin was intended to be cash, we contend that the digital currency is best portrayed as an innovation adventure with critical guarantee however restricted foothold as “cash”. While Bitcoin …

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Dogecoin, Shiba Inu Underperform Broader Crypto Market Despite Fundamental Growth

Dogecoin, Shiba Inu Underperform Broader Crypto Market Despite Fundamental Growth

Adoption and usage of the two tokens failed to move prices by much even as the crypto market added 5%. The tokens of dogecoin (DOGE) and shiba inu (SHIB) rose by an average of 3.5% in the past 24 hours even as the broader market added over 5%, data from CoinGecko shows. The relative underperformance …

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Binance commits 0M to co-invest in Twitter with Elon Musk

Binance commits $500M to co-invest in Twitter with Elon Musk

Binance is among 18 co-investors in Elon Musk’s Twitter acquisition alongside firms like Sequoia Capital Fund and Fidelity Management and Research Company. Major crypto exchange Binance has participated in Elon Musk’s $44 billion acquisition of Twitter, according to data filed with the United States Securities and Exchange Commission. On May 5, Musk filed an amended general statement of …

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Bitcoin Climbs to K Despite Fed’s Interest Rate Hike, Is Sell The Rumor Buy The News Playing Out?

Bitcoin Climbs to $40K Despite Fed’s Interest Rate Hike, Is Sell The Rumor Buy The News Playing Out?

Despite the Federal Reserve (Fed) increasing interest rates by half a point (0.5%), Bitcoin (BTC) soared by 6% to reach $40,002. Even though the leading cryptocurrency had retraced to $39,595 during intraday trading, it was still 2.46% up in the last 24 hours, according to CoinMarketCap. The Bitcoin market had been engulfed by nervousness about the repercussions …

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Dubai Virtual Assets Regulator Establishes HQ in the Metaverse

Dubai Virtual Assets Regulator Establishes HQ in the Metaverse

The Dubai virtual assets regulator, the Virtual Assets Regulatory Authority (VARA), has established its metaverse headquarters in The Sandbox virtual world. By establishing a presence in the metaverse, the regulator said it hopes to make itself accessible to all stakeholders. World’s ‘Virtual Assets Capital’ Dubai’s digital assets regulator, the Virtual Assets Regulatory Authority (VARA), has …

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