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0 CommentsThe chief investment officer of the Guggenheim Partners investment firm, Scott Minerd, warned on Friday that Bitcoin could step down at $10,000 to $15,000. This February, the now-bearish expert was much more optimistic. In the interview on CNBC, the expert of the multi-billion dollar investment firm said that investors shouldn’t be “anxious to be putting…
Blockchain is not just about cryptocurrencies. The technology is also used in blockchain platforms to trade in oil and gas – the prime exports of the Persian Gulf countries. Blockchain can also help the renewable energy market infrastructure safer, more resilient and economically effective. Stage 1: trading on the blockchain Back in 2018, the World…
In just one day, the Chinese authorities have essentially destroyed the country’s crypto business. It resulted in a massive drop in the cryptocurrency market and the hash rate collapse. The main question is what motives drive Beijing’s actions? On Monday, June 21, the People’s Bank of China (PBC, acts as the country’s central bank) issued…
In Venezuela’s economy, disrupted by hyperinflation and United States sanctions, cryptocurrency is a way to provide services and a tool to send remittances, protect wages from inflation and help businesses manage cash flow, Al Jazeera reported. Cryptocurrency in Latin America has attracted attention again in June after El Salvador adopted Bitcoin as legal tender. Its…
The United Arab Emirates is a country of unique business opportunities. Lenient taxes and a free trade zone allow for deriving maximum profits. However, only a couple of years ago the attitudes towards cryptocurrency projects here were conflicting. Now a lot is changing and the region is becoming more and more attractive for crypto companies….
Venture Capital funds have already invested more than $ 17 billion in the cryptocurrency market in the first half of 2021, marking a new annual record since 2018. According to data provider PitchBook, that’s around the total amount raised in all previous years combined. Much of the funds out of crypto deals in 2021 came…
