In our “National Cryptocurrencies” section, we cover government-backed digital currencies and state initiatives related to blockchain technology. Here you will find news about central bank digital currencies (CBDCs), national crypto projects, and the role of digital money in modern economies. Read the “National Cryptocurrencies” section on ForkNews to stay informed about how countries are developing their own digital currencies.
Yesterday, the bears failed to push prices below key support levels. The minimums were set very close. Breakout attempts will resume today, but will they be successful?
Investing in cryptocurrency is very tempting, you can hope to hit the jackpot sooner or later. However, investors should remember that it is not enough to simply buy cryptocurrency and store it in a wallet. There is a high chance of losing everything if you don't store it properly. The main advice is to learn from other people's mistakes.
An unexpected fact about the cryptocurrency industry - despite the bearish market trend, business for digital asset lawyers is booming. Forty-five cryptocurrency-related lawsuits were filed in the first half of this year, according to research firm Diar.
According to the news publication Quartz, a working group tasked by India's finance minister to prepare regulations and recommendations regarding the blockchain industry and the activities of companies in the cryptocurrency sector is expected to unveil the bill next month.
The new project, known as Shark Pool, aims to destroy Bitcoin forks, flood their networks with empty blocks, collect mining rewards, and then convert them into Bitcoin Cash.
Last week, immediately after the Bitcoin Cash (BCH) hard fork, it was too early to say which fork would become dominant. Large exchanges have stopped trading Bitcoin Cash until the chain split is assessed by experts and, having divided the BCH balances into two new assets, took a wait-and-see approach.
This morning, the decline in altcoin prices continued with renewed vigor. Even those assets that tried to stay sideways yesterday broke through support levels and updated their lows
Most altcoins show significant losses. ADA/USD is trading at a new low, Monero sellers will soon be able to target the $60 mark.
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