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CZ of Binance discusses bitcoin indicating it could have a positive near term future’

There are some big bullish indicators that bitcoin is well on its way to exciting levels.  Recently, there have been some serious signs of a price spike with the leading cryptocurrency already gaining almost 3 times its early year value.  I don't know about you, but #bitcoin feels like a stable coin to me. It's moving up so slowly. It only moved from $4100 in March to $11800 now.Every time it moved up, I get used to the new price in like 30 seconds, and starts to wish it will go higher... — CZ Binance (@cz_binance) August 20, 2020 There...

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BTC/USD and 11529.38 - Mine or Yours? Sally Ho's Technical Analysis 23 August 2020 BTC

Bitcoin (BTC/USD) remained pressured early in today’s Asian session as the pair continued to orbit the 11500 area following its recent depreciation from the 11892.16 area.  Traders drove BTC/USD as low as the 11370 area late last week after Stops were elected below the 11642.05, 11603.11, 11560.28, 11533.61, 11516.38, and 11442.52 areas, levels related to the pair’s recent appreciation to the 12486.61 area.  The print at 11370 also represented a test of the 11348.03 area, a level related to selling pressure that recently emerged around the 12086.22 area.  The pair recently traded as high as the 12486.61 area, its strongest print since...

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Cont: reserve bank of India former governor discusses the monopoly bitcoin could have over CBDCs

Going off an article we did earlier today, the former governor at the reserve bank of India, Raghuram Rajan set up private cryptocurrencies such as bitcoin and Facebook’s upcoming Libra, could have a future even when CBDCs take over the world. During a CNBC podcast, the former governor said that one of these currencies could become problematic if they were to hold a monopoly. Going off an article we did earlier today, the former governor at the reserve bank of India, Raghuram Rajan set up private cryptocurrencies such as bitcoin and Facebook’s upcoming Libra, could have a future even when...

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2020 IN PERSPECTIVE: LESSONS FROM THE PANDEMIC WORLD

On January 21, 2020, the New York Times reported a new respiratory virus in the United States; the virus had originated in Wuhan, China, and had infected hundreds of people in Asia at that point. The novel coronavirus, now identified as COVID-19, has shaped the entirety of the year. While 2020 was previously identified as an essential financial landmark for many countries, the reverse of predictions seems to be the case. A 6 months lockdown period with various economic impediment was a setback no expert could have predicted. About eight months into the year, the world is gradually recovering, and...

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What would the rise of CBDCs mean for bitcoin and Facebook’s Libra?

Central-bank digital currencies are becoming more and more popular all over the world.  Many central banks are looking into this new asset class for the future but as these banks and financial institutions look into the future of this technology, bitcoin and Facebook’s libra could still find a place to be a part of the future when money becomes purely digital. Central-bank digital currencies are becoming more and more popular all over the world. Many central banks are looking into this new asset class for the future but as these banks and financial institutions look into the future of this...

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