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Coinss Crypto News

CoinMarketCap removes South Korea crypto exchanges from Bitcoin price tracker

Crypto price trackin website CoinMarketCap has removed many South Korean exchanges from its calculations for the price of Bitcoin as the coin dipped under $58,000 again. As of today, CoinMarketCap’s Bitcoin price tracker shows no data from major South Korean crypto exchanges including Upbit, Bithumb, Coinone, and Korbit. The website uses data from many exchanges to estimate the average price for cryptocurrencies. At the time of publication,...

Bitcoin bull market pulls Kusama (KSM), Decred (DCR) and Qtum price higher

Since breaking through the critical psychological resistance at $20,000, Bitcoin (BTC) price has moved even higher. In the early trading hours, the top-ranked digital asset pushed as high as $23,800 before pulling back to $23,000 but the trend of investors purchasing each dip appears to still be in play. Crypto market data daily view. Source: Coin360 Although Bitcoin is clearly in a bull phase, many investors are wary to buy at the current...

Crypto & tokenization “key” to doubling GDP

At a panel for the World Economic Forum’s Global Technology Governance Summit today, United Arab Emirates minister of economy Abdulla Bin Touq Al Marri said that cryptocurrency and asset tokenization will be key to the country’s plans to double its economy — currently estimated to be the 34th largest in the world — in ten years.  Al Marri was joined on the panel, titled the “Arrival of the token economy, from art to real estate,” by...

Thailand's Securities Regulator Eyes Qualifications for New Crypto Investors

Thailand’s Securities and Exchange Commission (SEC) will conduct a public hearing this month to gauge what qualifications should be imposed on retail investors opening new cryptocurrency trading accounts. According to a report by the Bangkok Post on Sunday, the regulator is concerned for investor safety amid the recent meteoric rise in cryptocurrency prices and the resulting flood of sign-ups to local exchanges. The regulator aims to determine...

3X as many crypto figures make it onto Forbes 2021 billionaires list as last year

Forbes released their annual billionaires list on April 6, with Amazon overlord Jeff Bezos and his $177 billion topping the list for a fourth consecutive year. Announcing Forbes’ 35th Annual World’s Billionaires List — The Richest in 2021 #ForbesBillionaires pic.twitter.com/YniOjfZwSi — Forbes (@Forbes) April 6, 2021 The “digital gold rush” has seen nine new crypto billionaires join the Forbes list, pushing the total up to 12...

Bitcoin price slides 5% as second day of losses costs Ethereum $2K landmark

Bitcoin (BTC) extended its price drop on Wednesday amid warnings that excessive long positions needed to be flushed out to allow for fresh gains.  BTC/USD 1-hour candle chart (Bitstamp). Source: Tradingview BTC price barely clings to $56,000 support Cointelegraph Markets Pro and TradingView showed BTC/USD hitting new local lows of $55,760 during Wednesday trading.  A second day of more substantial losses for the pair came as altcoins also...

UK Bitcoin mining revenues soar, but China hogs 75% of ‘blood coin’ production

United Kingdom-based Bitcoin (BTC) mining firm Argo Blockchain just recorded the best quarter in its history, generating record revenues for three months straight. Yet despite the burgeoning cryptocurrency mining venture emerging in the west, the vast majority of Bitcoin production still takes place in China, where cheap, coal-powered electricity fuels an untold number of mining rigs. A recent report by Nature.com revealed that as much as 75% of...