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Pinned below $11K, Bitcoin price plays second fiddle to Uniswap (UNI)

Bitcoin price still faces resistance at $11K as traders turn their attention to DeFi-tokens like Uniswap (UNI). As the weekend begins, Bitcoin (BTC) price continues to fluctuate between the $10,800-$11,000 range. Cryptocurrency daily market performance snapshot. Source: Coin360Some analysts would say the digital asset has lost momentum but a quick glance...

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New Bitcoin bull run? Whales and institutions accumulating, data shows

Data shows whales are not selling large amounts of Bitcoin at the current BTC price and institutions are accumulating BTC. As the price of Bitcoin (BTC) breaks past $11,100 on Sep. 19, whale activities and Bakkt’s all-time high volume suggests strengthening momentum.The 4-hour price chart of Bitcoin. Source: TradingView.comAccording to...

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Figure Technologies releases fund services offerings on blockchain

They aim to make investing faster.  Figure Technologies launched its new digital fund services products for investment firms on a blockchain, the company said in a statement.The San Francisco-based financial technology firm used the Provenance blockchain and aims to use the technology to automate much of the paper-based processes in...

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Price analysis 9/18: BTC, ETH, XRP, DOT, BCH, BNB, LINK, CRO, LTC, BSV

Bitcoin and altcoins are facing selling near key resistance levels, but for now the possibility of a sharp fall remains low. The U.S. Federal Reserve recently hinted that it could keep interest rates near zero at least through 2023. The Bank of England went a step ahead and said that...

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Abkhazia to lift ban on crypto mining

That may not necessarily be a good thing for the struggling state. The de facto state of Abkhazia threw the towel on its fight against crypto mining, with the president recently announcing measures to lift the nation’s current ban. According to Finanz.ru, Aslan Bzhania stated on Thursday that his government plans...

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More pump than dump: 22% UniSwap (UNI) price drop doesn’t faze traders

UniSwap’s UNI governance token soared to $8.60 before correcting sharply but top traders expect the price to rise higher. Earlier today Yearn.finance (YFI) and Ether (ETH) rose sharply after Uniswap’s governance token UNI plunged 22% from $8.00 to $6.80.Cryptocurrency daily market performance snapshot. Source: Coin360UNI, which launched less than 48...

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Record $1B in tokenized Bitcoin shows BTC holders want a slice of DeFi

Lured by the sirens’ call, traders are wrapping their Bitcoin at record levels in order to yield farm and trade DeFi tokens. After failing to hold the $11K mark and exposing what some analysts have described as a general apathy to trade BTC at these levels, Bitcoin (BTC) price is...

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Report: Most firms in Korea’s ‘blockchain city’ don’t know what blockchain is

Is Busan a "blockchain city" in name only? A recent report from the Busan Research Institute has revealed a peculiar trend: 62% of firms in the blockchain sandbox city of Busan, South Korea apparently do not know anything about the technology.Since last year, Busan has been considered a "regulation-free" zone...

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Abkhazia government blames illegal crypto mining for energy crisis

It is already illegal to mine crypto within the de facto state. Abkhazia, a de facto state in the South Caucasus, continues to face an energy crisis. The head of the region’s national energy provider recently blamed increased crypto mining activity for the problems.According to Jam News, the government’s year-old...

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