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Bitcoin spending copies history as metric flags ‘1st stage bull market’

[ad_1] Bitcoin (BTC) long-term holders are coming back to life as BTC price increases, the latest analysis confirms. In a tweet on July 13, Philip Swift, creator of on-chain data resource Look Into Bitcoin, revealed classic bull market behavior among “older” BTC investors. Value Days Destroyed Multiple prints BTC price bull signal  Bitcoin’s current price…
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United Kingdom’s digital pound meets public backlash — Why?

[ad_1] British society is both civil and democratic, so it wasn’t unexpected that the government of the United Kingdom would “consult” the public before signing off on a digital version of the British pound. The response it received may have been surprising, though. The public canvassing conducted jointly by His Majesty’s Treasury and the Bank…
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Indonesia to launch crypto exchange in July: Report

[ad_1] The government of Indonesia is moving forward with its plans to launch a national cryptocurrency exchange, and expects to debut the platform in the coming weeks. Indonesia’s Commodity Futures Trading Supervisory Agency (CoFTRA), also known as Bappebti, is planning to launch the national crypto exchange in July 2023, the local news agency Tempo reported…
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XRP tops Bitcoin on Upbit with $2.6B of trading volume in 24 hours

[ad_1] Trading volume of XRP (XRP) tokens on the South Korean crypto exchange Upbit has surpassed Bitcoin (BTC) in the past 24 hours. The XRP/KRW trading pair saw $2.6 billion in trading volume in the last 24 hours following Ripple’s partial win against the United States Securities and Exchange Commission (SEC) in its long-running court…
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Bitcoin bulls ‘have work to do’ after XRP price spikes 104%

[ad_1] Bitcoin (BTC) consolidated near $31,000 on July 14 after a classic short squeeze sparked new yearly highs. BTC/USD 1-day chart. Source: TradingView BTC liquidates $50 million shorts in new squeeze Data from Cointelegraph Markets Pro and TradingView showed BTC price movements returning to cement support after rapid gains the day prior. Already tipped for…
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Celsius ‘pleased’ with resolutions amid $4.7B FTC fine

[ad_1] Bankrupt crypto lender Celsius Network has posted that the company is pleased with the resolutions that it was able to reach with various United States government agencies. The announcement came after the news that the FTC has imposed a $4.7 billion fine on the company. On July 13, the United States Federal Trade Commission…
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How to use index funds and ETFs for passive crypto income

[ad_1] The key to gaining financial security and independence is to invest in passive income. Passive income is generated through investments that offer a consistent source of income with little continuing involvement, in contrast to active income, which necessitates constant effort and time. Passive income is especially valuable because it enables investors to amass wealth…
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US Representative Torres demands investigation of SEC deal with Prometheum

[ad_1] The United States Securities and Exchange Commission (SEC) could be investigated for a “haphazard and heavy-handed approach to digital assets” or, more specifically, for its “sweetheart deal” with crypto platform Prometheum.  On July 13, U.S. Representative Ritchie Torres filed requests to the SEC’s Inspector General Deborah Jeffrey and the Government Accountability Office’s Comptroller General…
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Monochrome revises filing for spot Bitcoin ETF at Aussie stock exchange

[ad_1] Australian-based crypto investment firm Monochrome Asset Management has updated its application to offer a spot Bitcoin (BTC) exchange-traded fund (ETF) on the Australian Securities Exchange (ASX) through its partner Vasco Trustees. The ETF — Monochrome Bitcoin ETF (IBTC) will be able to offer retail Australian investors direct exposure to Bitcoin (BTC) and Ethereum (ETH),…
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‘Altcoin season’ anyone? Bitcoin dominance tumbles after XRP victory

[ad_1] Bitcoin (BTC) dominance has taken a tumble in the wake of Ripple’s partial victory against the United States Securities and Exchange Commission, with a surge in altcoin prices briefly causing BTC dominance to fall under the 50% mark.  Bitcoin dominance — the measure of how much Bitcoin makes up of the total crypto market…
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