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Decentralized finance and new projects: Look beyond the hype

In a recent tweet by Changpeng Zhao, the CEO of one of the world's largest cryptocurrency exchanges, Binance, stated: "Many of the DeFi projects will fail. Some may offer short term gains, but they come with super high risks too. Don't invest money you can't lose." He later goes on to clarify that this principle applies to every project, DeFi or not. Ordinarily, I casually went through my twitter feed and wasn't looking to engage any tweets. However, the phraseꟷ ”Don’t invest money you can't lose" struck me and drew my attention. For many cryptocurrency enthusiasts and investors, 2020 has...

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Key BTC/USD Hurdle at 10679.95: Sally Ho's Technical Analysis 24 September 2020 BTC

Bitcoin (BTC/USD) remained somewhat on the defensive early in today’s Asian session as the pair attempted to claw back recent losses following its recent low around the 10180.00 area.  Traders were able to get BTC/USD back as high as the 10576.82 area during yesterday’s Asian session, just above the 100-bar 4-hourly simple moving average.  Selling pressure then knocked BTC/USD back to the 10380.49 level, just above the 50% retracement of the recent appreciation from 10180 to 10576.82.   Notably, this technical support was also right around the 10354.65 area, representing the 23.6% retracement of the recent depreciating range from 12086 to 9819.83.  Chartists...

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Michael Saylor of MicroStrategy believes holding BTC is less risky than cash or even gold

Quick Take One minute read  The chief executive officer of MicroStrategy, Michael Saylor has recently spoken in an interview with Bloomberg on the 22nd of September.  In the interview, he discussed numerous topics that surrounded the crypto industry and specifically said that all $400 million worth of the bitcoin reserve holdings in his company, could be liquidated at any given moment. The chief executive officer of MicroStrategy, Michael Saylor has recently spoken in an interview with Bloomberg on the 22nd of September. In the interview, he discussed numerous topics that surrounded the crypto industry and specifically said that all $400...

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BTC/USD Circling 10493.30 Like a Hawk: Sally Ho's Technical Analysis 23 September 2020 BTC

Bitcoin (BTC/USD) sought to reclaim some recent lost ground early in today’s Asian session as the pair pushed higher after trading as low as the 10180 area earlier this week.  Technical support emerged around the 10364.86 area during yesterday’s European and North American sessions, right around the 38.2% retracement of the historical appreciating range from 4680.65 to 13878.40.  Notably, this technical support was also right around the 10354.65 area, representing the 23.6% retracement of the recent depreciating range from 12086 to 9819.83.  Chartists are noting that the 200-bar 4-hourly simple moving average has bearishly crossed above the 100-bar 4-hourly simple moving average...

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If the Bank of England opts for a negative interest rate, bitcoin could see the benefit

Quick Take 1 minute read The leading cryptocurrency could see a bigger fanbase in the coming future from British banks and citizens in the United Kingdom following an announcement by the Bank of England saying that they are considering integrating negative interest rates. The Bank of England is hoping to encourage more spending in an attempt to boost its economy from the adverse effects of coronavirus and the upcoming Brexit event from the European Union. The leading cryptocurrency could see a bigger fanbase in the coming future from British banks and citizens in the United Kingdom following an announcement by...

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