Ethereum Price Prediction – ETH Bounces 12% From Recent Lows, How High Can it

The ethereum price has risen to $1,216.65, marking a 12% increase from lows recorded on Thursday, when the FTX collapse caused a major market selloff. Its current price also represents a 2% rise in the past 24 hours, although the second-biggest cryptocurrency has fallen by 20% in the last 14 days as its ongoing upgrades struggle to counteract ongoing pessimism. Despite the negativity of the past few months, ETH holders have plenty of reason to be optimistic. Ethereum remains the biggest layer-one blockchain in terms of total value locked in, while the positive effects of its shift to proof-of-stake...

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Abu Dhabi Establishes Crypto Committee

The Middle Eastern nation of Abu Dhabi has established a government body to develop a strategy for regulating and promoting digital assets. Abu Dhabi has become one of the known crypto hubs approving the license of several branches of digital asset firms. In late August, the Abu Dhabi Blockchain and Virtual Assets Committee (ADBVAC) held its inaugural meeting, chaired by Mohamed Ali Al Shorafa, the chairman of the Abu Dhabi Department of Economic Development and chairman of the Securities and Commodities Authority (SCA). The Committee is set to oversee crypto regulation and promote the digital...

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Bitcoin Falls Suddenly Sending Market Into Uncertain Territory

Bitcoin has experienced a sharp fall on the day with a 7.2% slide to its current price of $21,500. As much as an 8% price reduction was seen earlier. Practically the entire crypto market has followed suit. The yoyo that is crypto continues to bounce around in the midst of extremely uncertain macroeconomic times. The rally that had begun at $17,500 was making steady higher highs and higher lows. However, this morning’s fairly emphatic dump has sent the market into the jitters territory again, and all are wondering if the strong support of the 200 weekly moving average will be held by the end...

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Schwab Asset Management to List Crypto ETF on NYSE

Finance giant Schwab Asset Management (SCHW) said its first crypto-related exchange-traded fund (ETF) will be listed on New York Stock Exchange Arca from Aug. 4. The ETF will trade under the ticker STCE and will track Schwab’s Crypto Thematic Index, the company said in a press release. Unlike ETFs that track a basket of digital assets, Schwab’s will provide investors with exposure to companies that may benefit from the development or utilization of cryptocurrencies. The fund will track companies that may benefit from validating consensus mechanisms and crypto mining...

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Uber CEO Confirms App Is Leaning Into Crypto

Uber’s chief executive officer Dara Khosrowshahi, has confirmed that Uber will accept cryptocurrency “at some point” in the future. In an interview with Bloomberg Television, Khosrowshahi outlined why Uber has not yet ventured into digital currencies, citing environmental concerns and the high cost of transaction fees, but also noted that the time will come when the transport and delivery company does explore crypto payments: “We’re having conversations all the time. “The exchange mechanism is expensive, it’s not great for the environment. As the exchange mechanism becomes less expensive,...

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U.S. NFT Trademark Filings Soared 400X Since 2021

Non-fungible tokens (NFT) trademark applications in the U.S. saw an exponential increase of 400 times in the last six months. Burgeoning NFT Branding According to Finbold, over 1200 NFT trademark applications were filed with the United States Patent and Trademark Office (USPTO), last year. Following the increase, the registration agency received about 15 filings per day, starting January 2022. Know where the Market is headed? Take advantage now with Start Trading 71% of retail investor accounts lose money when trading CFDs with this provider In January 2022 alone, there were 450 filings, making...

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Russia Acknowledges That It’s Impossible To Ban Bitcoin

The Russian Minister of Finance Anton Siluanov has finally commented on the potential regulation of the crypto markets, and his comments look bullish for the industry. It Is Impossible To Ban Crypto Commenting on the recent discussion between the Ministry of Finance and the Russian Central Bank, which wants to ban crypto, Siluanov said that a crypto ban is similar to an internet ban, which is impossible. He noted that the risks highlighted by the Russian Central Bank were real, but regulation was the preferred option compared to a blanket ban. He also added that Russia needs to create a legal...

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Elon Musk’s Starlink To Accept Dogecoin after Tesla?

Earlier today in a random Twitter exchange about Tesla’s FSD AI, Elon Musk subtly hinted towards Dogecoin’s future in Musk’s corporations. A Twitter user asked Musk if SpaceX’s merch store and Starlink could accept Dogecoin and this was his answer. Starlink To Begin Accepting Doge? In a very subtle and simple manner, Musk indicated that there might be a possibility of that happening as Elon replied with a simple wink. Advertisement Know where Bitcoin is headed? Take advantage now with Start Trading 71% of retail investor accounts lose money when trading CFDs with this provider Now although Elon...

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El Salvador Hires AlphaPoint to Fix Bitcoin Digital Wallet Bugs

El Salvador’s Bitcoin wallet, Chivo, is taking steps to improve security and eliminate transaction issues that had initially angered users and caused gripes to pile up against the application. Local wathcdog groups have collected thousands of complaints against the company ranging from stolen identities to failed transactions that never credited money back to their accounts. In other cases, transactions would take hours to go through, leaving customers and merchants wondering if a payment had been approved. To address the issue, the government-run Chivo S.A. de CV hired New York-based AlphaPoint...

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