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Changpeng Zhao (CZ), the founder and CEO at the world’s biggest crypto exchange Binance, has said that bitcoin is still in a positive position after its 70 percent fall since early 2018, especially considering its strong rally throughout 2017. Crypto Market is Better in Every Way From January to December of 2017, the price of bitcoin increased from $890 to $20,000, by more than 2150 percent. In comparison to mid-2017, the volume of bitcoin has increased by five-fold, signifying a...
According to Coindelta co-founder Shubham Yadav, cryptocurrency exchanges in India can no longer process fiat-to-crypto trades and have shifted their business model to crypto-to-crypto trading. Central Bank’s Ban on Crypto Stands In April, CCN reported that the Reserve Bank of India, the country’s central bank, first imposed its ban on cryptocurrency trading, effectively disallowing local banks from providing banking services to crypto exchanges. On July 3, the Supreme Court of India refused to lift RBI’s cryptocurrency trading ban, reaffirming that banks cannot...
The bitcoin price has remained above the $6,700 mark over the past 24 hours, as major digital assets like ether, Ripple (XRP), and Bitcoin Cash (BCH) demonstrated stability. Is Another Fall to Low $6,000 Inevitable? Previous reports of CCN noted that bitcoin and the rest of the cryptocurrency market will likely experience a movement to the downside than a spike over the $7,000 mark due to the lack of volume and momentum, despite the stability in the market. Over the...
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