Actions speak: China’s crypto ban may reveal digital yuan CBDC goals

China’s ban on cryptocurrencies causes a mild slump, but recovering from this FUD is not new for crypto as China’s motives come under the scanner.

The venture fund led by David Gan is backed by Digital Currency Group, Galaxy Digital, Huobi Ventures, Bybit’s venture arm and others.

Bitcoin’s strong recovery to $49,000 has boosted bullish sentiment and it may provide further incentive for LUNA, ATOM, XTZ and AXS to rally in the short term.

Marty Bent, co-founder of Bitcoin mining firm Great American Mining, is glad to be hodling Bitcoin as uncertainty hangs over the legacy financial system

Sky-high prices may seem hard to imagine, but so far, bullish metrics are simply repeating previous bull-market years, charts show.

Bringing together several isolated experiences, a virtual reality metaverse is leveraging the brightest minds in cryptocurrency in a 21-floor skyscraper full of educational content.

ROSE, AXS and ICX notched 20% gains after bulls took control of the market and sent BTC price above $47,500.

The SEC said that it encourages market participants looking to determine whether a digital asset is a security “to seek the advice of securities counsel and engage with the [FinHub] Staff.”

"We remain optimistic that we are well positioned to scale our hash rate to 13.3 EH/s by the middle of 2022,” said Marathon Digital CEO Fred Thiel.

Bitcoin mining profitability is up 275% since before the May 2020 halving.

Historical data suggests that October is a good month for Bitcoin bulls, and the push above $47,600 on Oct.1 could be a signal of what’s to come for BTC and altcoins.

Link Global has received an extension to Oct. 14, 2021, as the deadline for filing its response to the action.

The DeFi sector is not undergoing the dynamic shift toward layer-two adoption alone — NFTs are following suit.

Correlation does not imply causation, but these three indicators did signal prior to Bitcoin’s recent push to $49,000.

How may the $1 trillion infrastructure bill impact the thriving DeFi ecosystem and crypto community at large?

While Bitcoin is the most recognizable digital asset, it’s just one asset class among many that are here to evolve financial services globally.

Bitcoin bulls have set their sights on $50,000 and this renewed push is also boosting large and small-cap altcoin prices.

In coexistence with mutual benefits, decentralized finance and central bank digital currencies will finally make money universally available worldwide.

The Iron Condor options strategy gives risk-averse traders a safer way to profit from a potential $3,400 to $5,400 ETH price.

AXS, CVP and POLS lead altcoins higher while Bitcoin bulls search for a way to reclaim the $50,000 level.

When it comes to cryptocurrency transactions, the region of Central and Southern Asia and Oceania, or CSAO, is growing rapidly.

Bitcoin prices could reach $6 million per coin in 40 years’ time, but the whales may eventually pull the plug.

“[Crypto] is a trend that has barely started — money is the easiest application and the Bitcoin use case started there,” said Bank of America.

A growing list of mainstream financial entities have continued to increase their exposure to crypto over the last year or so.

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