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Life Clips To Enter Cryptocurrency Market With A Definitive Agreement To Acquire Global Blockchain And Digital Currency Platform Belfrics Group -…

July 14, 2021 | Author: admin

Life Clips plans to enter the $2 trillion cryptocurrency market by acquiring Belfrics Group

AVENTURA, Fla., July 14, 2021 (GLOBE NEWSWIRE) -- Life Clips, Inc. (OTC Pink: LCLP) (the Company, Life Clips), announced today it has agreed to acquire Belfrics Group ("Belfrics"), a global blockchain technology firm that runs cryptocurrency exchanges on its proprietary platform. Belfrics currently has a presence in Malaysia, Singapore, India, Kenya, Tanzania, Nigeria, and Bahrain; and it has the capability to process over 1 million transactions per second. Belfrics CEO and Founder, Praveen Kumar, will remain the CEO of Belfrics, while Robert Grinberg will serve as CEO of Life Clips.

The cryptocurrency market is expected to reach $8 trillion dollars by 2030, while the market for blockchain technology is expected to add $176 billion to the US GDP during the same period. Founded in 2014, the Belfrics digital exchange platform, which was fully developed in-house, is one of the most compliant platforms in the cryptocurrency industry. Supported by the proprietary technology of Belrium blockchain KYC solution, the KYC and AML process of Belfrics Exchange is well accepted by regulators globally. With 10 operational offices in 8 countries, Belfrics provides localized and personalized support to digital currency traders. Through its blockchain Academy, Belfrics provides continuous training to traders, developers and blockchain enthusiasts in more than 20 countries. Belfrics is licensed and regulated by the Labuan Financial Services Authority (LFSA) in Malaysia.

Belfrics CEO and Founder, Praveen Kumar said, "This is an exciting time for Belfrics. After many years of hard work building a global exchange for cryptocurrency and the most secured trading platform, it is time to spread our wings globally. The acquisition of Belfrics by Life Clips will help expand the reach of both our cryptocurrency platform and our blockchain solutions, which will create an impact worldwide.

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Belfrics Group specializes in blockchain technology and digital asset exchange solutions. Belfrics runs two distinct business verticals: Digital asset exchange and blockchain division. Belfrics is one among the few regulated exchanges across the globe, that provides regulated digital asset trading solutions.

Belrium, the proprietary blockchain developed by Belfrics, acts the central focal point of the blockchain division. Belrium, which is a hybrid private-public blockchain solution, focusses on identity management on blockchain for decentralized transactions.

It has taken a tremendous amount of work to prepare Life Clips for this landmark moment. We are proud to have reached this milestone for our shareholders by becoming current and settling previous liabilities of the Company to the satisfaction of our acquisition candidate," said Life Clips CEO Robert Grinberg. Mr. Grinberg continued, "According to PwC, the total volume of mergers and acquisitions in the cryptocurrency industry more than doubled from $481 million in 2019 to $1.1 billion in 2020. The average deal size increased from $19 million in 2019 to nearly $53 million. Major global cryptocurrency exchanges like Binance, FTX and Coinbase made the top three acquisitions in the crypto industry in 2020. We welcome Praveen and his team to our family and look forward to providing them with the resources to take their world class cryptocurrency exchange and platform to the next level."

The Belfrics Group acquisition is expected to close in the second quarter. The final number of shares issuable upon closing is subject to adjustment prior to closing. All shares issuable pursuant to the acquisition will be restricted securities subject to statutory resale restrictions.

Visit our corporate website at http://www.lifeclips.com.

About Life Clips, Inc.

Life Clips, Inc. is the parent company of Cognitive Apps Software Solutions Inc. and distributes single-use and cordless batteries under the Mobeego brand for use with cellular phones and other mobile devices. Cognitive Apps is an AI-Powered mental health analytics platform that empowers businesses to measure, understand, and improve mental well-being of their employees, patients and customers. Drug development for mental health disorders and other cognitive impairments is hampered by the inability to identify at risk groups before the onset of clinically significant symptoms, as well as continuous assessments on the progress made by the participants. Cognitive Apps is addressing this problem by pioneering a speech-based AI technology which could help accurately predict risk for various types of depression and mood and anxiety-based disorders years before a clinical diagnosis is obtained. Our technology can help detect and monitor subtle changes in mental state by assessing individuals more frequently and more objectively than the assessments used today. The speech and voice recognition market is expected to grow at a CAGR of 17.2% from 2019 to 2025 to reach $26.79 billion by 2025.

Forward-Looking Statement Disclaimer

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words intends, may, will, plans, expects, anticipates, projects, predicts, estimates, aims, believes, hopes, potential or similar words. Forward-looking statements are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements: (i) the initiation, timing, progress and results of the Companys research, manufacturing and other development efforts; (ii) the Companys ability to advance its products to successfully complete development and commercialization; (iii) the manufacturing, development, commercialization, and market acceptance of the Companys products; (iv) the lack of sufficient funding to finance the product development and business operations; (v) competitive companies and technologies within the Companys industry and introduction of competing products; (vi) the Companys ability to establish and maintain corporate collaborations; (vii) loss of key management personnel; (viii) the scope of protection the Company is able to establish and maintain for intellectual property rights covering its products and its ability to operate its business without infringing the intellectual property rights of others; (ix) potential failure to comply with applicable health information privacy and security laws and other state and federal privacy and security laws; and (x) the difficulty of predicting actions of the government and its regulations. All forward-looking statements included in this press release are made only as of the date of this press release. The Company assumes no obligation to update any written or oral forward-looking statement unless required by law.

For Media and Investor Relations, please contact:

David L. Kugelman(866) 692-6847 Toll Free - U.S. & Canada(404) 281-8556 Mobile and WhatsAppdk@atlcp.comSkype: kugsusahttps://www.linkedin.com/in/davidkugelman/

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Life Clips To Enter Cryptocurrency Market With A Definitive Agreement To Acquire Global Blockchain And Digital Currency Platform Belfrics Group -...

Top cryptocurrency Prices Today: Ethereum, Dogecoin and Polkadot shed upto 7% – Economic Times

July 14, 2021 | Author: admin

New Delhi: Major Cryptocurrencies were trading lower on Friday in the crypto market. The digital token market has turned jitter ever since Beijing's regulatory crackdown. The crypto market tanked as much as 7 per cent from the previous day, with all top-10 digital currencies trading lower at 9.30 hours IST.

The past 24 hours witnessed quite a sell-off across the cryptocurrency spectrum. Multiple factors contributed to this profit booking. Barclays in the UK stopped its customers from depositing money into crypto exchanges.

Global Financial institution, Bank of America Corp. created a new team dedicated to researching cryptocurrencies, marking Wall Streets latest push to capitalize on investors frenzy for digital assets. Alkesh Shah will lead the effort, which will also cover technologies tied to digital currencies.

Back home, Many cryptocurrency traders, shut out of the Indian crypto market by local banks, are now being restrained from buying virtual currencies from overseas markets.

India's largest private sector bank

Tech View by ZebPay Trade DeskBitcoin is likely to move out of its seven-week trading range of $30,000 to $40,000. Analysts believe that several indicators tracking the cyclical nature of price volatility suggest that a big move is on the horizon. Bollinger bandwidth, which is a measure of volatility, and is calculated by dividing the spread between its band, by the 20-day average of the asset's price, has declined to a 2 month low of 0.15.

BTC saw similar action in December and April after the bandwidth fell to 0.15, and during both periods major movement was seen. Bollinger analysis places volatility bands 2 standard deviations away from either side of the 20-day price average. BTC has witnessed this phenomenon repeatedly in the past too, when it saw big moves during the 2017 bull run, namely when each time the bandwidth fell to 0.15.

Time is in UTC and the daily time frame is 12:00 AM - 12: 00 PM UTC

(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the asset/s mentioned.)

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Top cryptocurrency Prices Today: Ethereum, Dogecoin and Polkadot shed upto 7% - Economic Times

Ann Coulter: Why are they so angry? | Opinion | marshallnewsmessenger.com – Marshall News Messenger

July 14, 2021 | Author: admin

Today well talk about how to write the classic New York Times column, using Thomas Edsalls recent Trumpism Without Borders as our example. It must have taken him about 40 minutes to write it.

Edsall blames the populist movements sweeping the globe on the same ills that led to a right-wing takeover of the federal government by Donald Trump. To wit: anti-immigrant fervor, political tribalism, racism, ethnic tension, authoritarianism and inequality. Fascism awaits us unless we keep importing low-skilled immigrants and shipping jobs abroad!

For someone worried about the erosion of democratic norms, maybe Edsall shouldnt be referring to the outcome of a free and fair U.S. presidential election as a right-wing takeover of the federal government. We had an election, pal.

But ever since the 2016 election, theres been a frisson of viciousness to the elites usual contempt for ordinary Americans. Never mind that Trump ended up betraying his voters. The establishment is appalled that the issues he ran on were popular. Five years later, they still sputter in rage, unable to comprehend why Jeb or Hillary didnt end up in the White House.

To explain this calamity, Edsall rolls out all the Timesian cliches about losers being upset about losing. He calls this the ubiquity of loss, as if were talking about a natural phenomenon, like beach erosion.

Trump voters, he says, are people who are angry about:

their inability to achieve a standard of living as high as that of their parents,

the decline of the gender pay gap ... and other types of loss relative to women, and

losing employment and earnings to China and other countries.

Edsall acts as if these things are immutable laws of physics. Actually, they result from the deliberate policy choices of our ruling class to benefit some Americans to the detriment of others.

Specific policy decisions were made to import an endless stream of low-skilled workers. Employers got boatloads of cheap labor, while ordinary Americans saw their wages plummet.

Oh, and if were pretending to care about democratic norms, Americans have voted for less immigration over and over and over again. If anyone in the establishment gives a crap about democratic norms, then why do they keep foisting more immigration on us?

Specific policy decisions were made to explicitly discriminate against white men in order to give jobs to women, simply because they were women.

I give you Kamala Harris (Bidens one job requirement for his VP: must be a woman of color); every police chief in the nation (save a couple of black men); and Kara Hultgreen (who died when she crashed a $38 million F-14 after being continuously promoted despite repeated training failures, because the Navy wanted a female fighter pilot).

What crybabies! These guys resent losing jobs because of abject discrimination against them. Koo-koo! Koo-koo!

Specific policy decisions were made to gut our countrys manufacturing base. Globalist bankers got rich, and the working class got the shaft.

The destruction of American manufacturing wasnt, as Edsall claims, a consequence of trade. (Whos buying our stuff?) International agreements forcing Americans to compete with dollar-an-hour third worlders were a gift to Big Business and Wall Street. They get a larger share of a much smaller pie. Sure, our country overall will make $30, instead of $100. But the 1 percent will get $29 instead of $20!

We dont need Thomas Edsall to psychoanalyze Trump voters in order to understand what happened in 2016. We were at DEFCON 1 as a nation. (And thanks to Trumps betrayal, we still are.)

After 20 years, people began to notice: The elites really do hate us. They really are going to ship our jobs abroad. They really are going to replace us with cheap foreign labor. They really are going to let in hordes of illegals. They really are going to bail out Wall Street and preserve their sleazy tax loopholes.

Faced with a choice between the toxic left and country club Republicans, when a complete psychotic came down the escalator, people thought, He might just mean it! (That was a miscalculation.)

The elites screw over ordinary Americans, then to salve their consciences, they call the poor saps racists. They get to maintain a system that benefits only them and at the same time feel morally superior to the people whose lives theyve ruined. Its win-win all around!

Americans dont care about the gender pay gap, climate change or international institutions. They deserve whats coming to them!

Ann Coulter is a syndicated columnist.

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Ann Coulter: Why are they so angry? | Opinion | marshallnewsmessenger.com - Marshall News Messenger

Trump cranks it up at CPAC: Why raising the spectacle of right-wing madness right now is so scary – Salon

July 14, 2021 | Author: admin

Every revolutionary movement needs a martyr and it appears that the MAGA revolution has finally found one for itself.

Ashli Babbit, the Jan. 6th insurrectionist who was shot by a security guard as she climbed through a broken window just a few feet away from members of Congress,is Donald Trump's Horst Wessel, the German brownshirt who was murdered in 1930 and turned into a martyr by the Nazi propaganda chief Joseph Goebbels. Trump himself is making the case for Babbit, having mentioned her in every appearance he's made in the last week.

At his recent Florida rally, Trump wondered:"Who shot Ashli Babbit? We all saw the hand... Now they don't want to give the name." At hispress conferenceon Wednesday in which he announced his laughable "class action" lawsuit against the Big Tech companies, he went a little bit farther saying, "there were no guns in the Capitol except for the gun that shot Ashli Babbitt. And nobody knows who that man were...the person that shot Ashli Babbitt right through the head, just boom. There was no reason for that." Then this past weekend he went all the way, describing the insurrection as a love fest and Babbit as an innocent victim in an interview with Fox Business host Maria Bartiromo:

Bartiromo took the ball and ran with it, saying that Babbitt climbedoutof a broken window (as if she was trying to escape the vicious gunman) after which both she and Trump speculated that the officer who shot Babbitt was part of a Democratic official's security detail, casually mentioning Chuck Schumer in the process. The implication was obvious: the Democrats shot Ashli Babbitt for no good reason. The fact that we have all seen the footage of the shooting is irrelevant: We can believe them or we can believe our lying eyes.

Over the weekend, Trump appeared at his second CPAC conference in five months this time in Texas. (Salon's Zachary Petrizzo deliveredthesedispatchesfrom the event.) Trump gave his usual speech, to a notably more excited crowd than the last one in February in Florida. He's barely able to keep from announcing to his adoring fans that he's running again and they are all clamoring for him to do it. And it's clear that he will be running to avenge his bogus claims that he actually won the election. The Big Lie will never die.

It all sounds bizarre but when you talk about this stuff in the context of CPAC, it is really not all that crazy. Sure the violent insurrection gives their standard reckless rhetoric a feeling of urgency that wasn't there before, but if you look back you can see that's been there for decades.

Back in 1973 when the American Conservative Union (founded in 1964) first started holding these get-togethers, the GOP was in terrible disarray in the wake of Watergate and far-right organizers saw an opportunity to reshape the party in their conservative image. They invited Ronald Reagan to give the first keynote and the "New Right" never looked back.

CPAC has always been used as a way to take the temperature of the party activists and in that way, it's very instructive. The straw poll that's taken every year (or now, every few months, apparently) has not always been predictive of the party's nominee, but it shows what ideas and issues most excite the base. It's almost certain that the feedback loop between this group and the right-wing media guides the party as much as party officials and pollsters do. For the first quarter-century, the conference was an ideological gathering designed to promote the conservative movement agenda of anti-communism, small government, strong military, Christian Right values, low taxes, etc. But with the rise of the right-wing media first talk radio, then Fox News by the turn of the century, it became much more of a right-wing celebrity spectacle that sought to shock the political media, which loved to cover it since it was always held in DC. (This is the first year they've ever held the event outside of DC.) In fact, for the past 20 years, CPAC was basically the same circus that Trump took on the road for his beloved rallies. During the Bush years, politicians showed up and there were panel discussions of issues but the stars of the show were people like Ann Coulter, who pretty much made her name at these events. And they said things which, looking back, make January 6th seem inevitable.

At the 2002 meeting, Coulter said, "we need to execute people like John Walker in order to physically intimidate liberals, by making them realize that they can be killed, too, otherwise, they will turn out to be outright traitors." A few years latershe made news againwith another notorious speech:

On Democrats: "Someday they will find a way to abort all future Boy Scouts."

College professors: "sissified, pussified." Harvard: "the Soviet Union." John Kerry: the other "dominant woman in Democratic politics."

Her post-9/11 motto: "Rag head talks tough, rag head faces consequences." For good measure, she threw in a joke about having Muslims burn down the Supreme Court with the liberal justices inside.

Then came questions. A young woman asked Coulter to describe the most difficult ethical decision she ever made. "There was one time I had a shot at Bill Clinton," Coulter said.

She meant that literally. Meanwhile, down in the bowels of the hotel hosting CPAC, they sold merchandise with adorable sayings such as "Happiness is Hillary Clinton's face on a milk carton" and "Rope. Tree. Journalist. Some Assembly Required." At the next year's event, Coulter said, "I was going to have a few comments on the other Democratic presidential candidate, John Edwards, but it turns out you have to go into rehab if you use the word 'fa**ot,'" and when she was rebuked for saying it, she called it "speech totalitarianism."

There is nothing new under the right-wing sun.

In recent years, some of the acts were scrapped. Coulter was not invited in 2015, and in 2017 the right-wing provocateur Milo Yianopoulos wascanceledwhen it was revealed that he had made positive statements about pedophilia. They were no longer needed anyway. The show was by then dominated byDonald Trump who had made his first big political splash there in 2013spreading the "birther" lie, which the attendees ate up with a spoon. And while Coulter climbed her way back to CPAC this weekend, participating on an obscure panel going onabout immigrationand making grotesque racist statements, as usual,her act doesn't shock anymore and nobody cares. Who needs Coulter anyway when you have Trump?

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Trump cranks it up at CPAC: Why raising the spectacle of right-wing madness right now is so scary - Salon

Bitcoin Falls To $32,500 As Inflation Hits A 13-Year High – Forbes

July 14, 2021 | Author: admin

Bitcoin continues to squeeze into a tight consolidation range of low-$30,000s as inflation hits a ... [+] 13-year high

Bitcoin continues to squeeze into a tight consolidation range of low-$30,000s, trading at $32,511, more than 4% down on the week, as of 7:10 a.m. ET, according to crypto data aggregator COIN360. The cryptocurrency, promoted as a hedge against inflation but still seen as a risky asset, took a slight dip on the news of an uptick in inflation yesterday. Per a report from the Labor Department, the consumer price index, measuring the average change in prices paid for goods and services, increased 5.4% from a year earlier, the largest jump since August 2008.

Bitcoin price according to Coinbase

Meanwhile bitcoins 7-day volatility keeps declining and currently sits at 2.76%, while the 30-day volatility is now back to March levels when bitcoin consolidated above $50,000, according to analysis from Norwegian crypto analytics firm Arcane Research.

This dampened volatility matches trading activity in the derivatives markets, where open interest is stalling and trading volumes are falling to 2021 lows, data from Glassnode shows. Since the May sell-off, futures open interest has remained bound between $10.7 billion and $13 billion, 57% below the all-time high set in April when Coinbase went public. Volumes across futures markets have fallen 62.5% and 49% compared to May and June highs respectively, now standing at $45 billion of futures traded per day.

Bitcoin Futures Volume

Glassnode analysts write, With such a significant decline across all derivatives markets, it becomes increasingly likely that market volatility will be driven by spot volumes, rather than short/long squeezes or leveraged liquidations. In June, trading volumes at major cryptocurrency exchanges, including Binance, Coinbase and Kraken, fell by more than 40% compared to the previous month, according to crypto market data provider CryptoCompare.

This sentiment is mirrored by Jehan Chu, founder and managing partner of Hong Kong-based crypto investment firm Kenetic Capital. In a message to Forbes he wrote, Lower prices, volume, and sentiment are working together to create further downward pressure on the crypto markets. With a lack of positive sentiment in both the crypto and macroeconomic markets, we can expect sideways and downward movement for the near term, while whales and institutions continue to slowly add to their positions and consolidate a floor.

Altcoins are also trading in the red. Ether fell below $2,000 for the first time this month yesterday and continues to trade south of that level, worth $1,950 as of press time. The cryptocurrency shed 16.01% over the past seven days though the upcoming upgrade to the Ethereum protocol, on track for August launch, may reverse the trend.

Cardano, XRP and Litecoin are similarly down by nearly 4%.

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Bitcoin Falls To $32,500 As Inflation Hits A 13-Year High - Forbes

Bitcoin Price Prediction Failure to Hit $33,500 Will Bring sub-$33,000 Levels into Play – Yahoo Finance

July 14, 2021 | Author: admin

After a bearish start to the week on Monday, Bitcoin is struggling to break out this morning. The lack of direction has also tested support for the broader market.

At the time of writing, Bitcoin, BTC to USD, was up by 0.04% to $33,090.1. A mixed start to the day saw Bitcoin fall to an early morning low $32,841.0 before making a move.

Steering clear of the first major support level at $32,234, Bitcoin rose to a late morning intraday high $33,337.0.

In spite of the recovery, Bitcoin came up short of the first major resistance level at $34,289.

It has been a mixed morning for the broader crypto market.

Through the morning, Crypto.com Coin was up by 1.45% to lead the way.

Bitcoin Cash SV (+0.10%) and Ripples XRP (+0.01%) also saw minor gains through the morning.

Its been a bearish morning for the rest of the majors, however.

Binance Coin (-1.08%), Cardanos ADA (-1.20%), and Polkadot (-1.40%) led the way down through the morning.

Chainlink (-0.22%), Ethereum (-0.80%), and Litecoin (-0.01%) also struggled, however.

Through the early hours, the crypto total market fell to an early morning low $1,326bn before rising to a high $1,353bn. At the time of writing, the total market cap stood at $1,344bn.

Bitcoins dominance fell to an early low 46.10% before rising to a high 46.37%. At the time of writing, Bitcoins dominance stood at 46.25%.

Bitcoin would need to move through the $33,444 pivot to bring the first major resistance level at $34,289 into play.

Support from the broader market would be needed, however, for Bitcoin to move back through to $34,000 levels.

Barring a broad-based crypto rally, the first major resistance level and Mondays high $34,655 would likely cap any upside.

In the event of an extended crypto rally, Bitcoin could test resistance at $36,000 levels. The second major resistance level sits at $35,499.

Failure to move through the $33,444 pivot would bring the first major support level at $32,234 into play.

Story continues

Barring an extended sell-off through the afternoon, however, Bitcoin should steer clear of sub-$32,000 support levels.

The second major support level sits at $31,389.

Looking beyond the support and resistance levels, we saw the 50 EMA pull further back from the 100 and 200 EMAs through the morning.

We also saw the 100 EMA pullback from the 200 EMA supporting the morning pressure.

A further pullback of the 50 EMA from the 100 EMA and the 200 EMA this afternoon would support further downside.

Key going into the afternoon will be for Bitcoin to move through the pivot to $33,444 to avoid another day in the red.

This article was originally posted on FX Empire

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Bitcoin Price Prediction Failure to Hit $33,500 Will Bring sub-$33,000 Levels into Play - Yahoo Finance

Bitcoin’s Range Play Likely to End With Bullish Breakout: Analyst – CoinDesk – CoinDesk

July 14, 2021 | Author: admin

An analyst who predicted the bitcoin mid-May price slide says the cryptocurrencys current range play is likely to be resolved on the higher side.

The consolidation phase itself is neutral, but we think a breakout is more likely than a breakdown, Katie Stockton, founder and managing partner of Fairlead Strategies, said in a research note published on Monday. Intermediate-term momentum has been improving based on the MACD histogram.

Bitcoin has been trading between $30,000 and $40,000 since late May. The price range has narrowed further in the past two weeks, with bulls unwilling to send prices above $36,000 and sellers refusing to step in below $32,000.

A big move looks overdue and could be bullish, as the weekly chart MACD histogram, an indicator used to gauge trend strength and trend changes, has turned higher, having bottomed out in mid-June.

The consecutive shallow bars below the zero line indicate seller exhaustion.

The stochastic indicator continues to indicate oversold conditions with a below-20 print. Intermediate-term oversold conditions have generated stabilization above $30,000, which has proven to be strong support for bitcoin, Stockton said.

According to Stockton, the expected breakout would be confirmed on consecutive daily UTC closes above the 50-day simple moving average (SMA) at $35,500. That would open the doors to the next resistance level, near $44,000.

The 50-day SMA is one of the most widely-tracked technical lines. Stockton mentioned it as the level to defend for the bulls back in April, when prices were trading well above average. The SMA support was breached on April 20 and was followed by a sell-off in May.

At press time, bitcoin is trading little changed on the day near $33,200. A break below the long-held support at $30,000 could invite chart-driven sellers. However, Stockton sees a low probability of a range breakdown.

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Bitcoin's Range Play Likely to End With Bullish Breakout: Analyst - CoinDesk - CoinDesk

Top cryptocurrency prices today: Bitcoin tanks 8%, Ethereum follows with 21% plunge – Economic Times

July 14, 2021 | Author: admin

New Delhi: Most major cryptocurrencies plunged on Wednesday as bears continue to push prices lower. Barring US dollar pegged coins, the top 10 traded cryptocurrencies were down up to 25 per cent in the last 24 hours.

Bitcoin was down 8 per cent while Ethereum tanked 21 per cent. Binance Coin, XRP and Cardano were also down in double digits. Interestingly, the sell-off happened at a relatively higher volume, meaning this trend may continue for some time, said analysts.

The markets are currently dragged down by bears. Although this was not a major panic selling session, the momentum prevailing across the markets is pretty bearish. BTC is toying with the $33,000 level. ETH fell below the $2,000 mark creating a sense of scare across altcoins. This sort of volatility can be expected to continue throughout the week, said Edul Patel, CEO and co-founder of Mudrex.

Selling, though, was not just contained in the crypto market but equities across the world were also under pressure. The major reason behind this is the more than expected rise in inflation in the US, which pushed yields and US dollar higher.

The US consumer price index jumped 0.9% in June, the Labor Department said on Tuesday. That was above market expectations and the largest gain since June 2008.

Analysts believe the upcoming Grayscale unlockings, coupled with the Taproot upgrade, is likely to lead to an increased buying by wealthy investors and BTC whales.

The DAO is built on an Ethereum-based tool, Aragon, which connects multiple smart contracts that enable users to deposit liquidity. As of June 2021, there are 39 active pools available for swapping between stablecoins and assets on the platform.

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Top cryptocurrency prices today: Bitcoin tanks 8%, Ethereum follows with 21% plunge - Economic Times

How China and India are helping shape the future of CBDCs and Bitcoin – Business Insider

July 14, 2021 | Author: admin

As thecrypto payments market gains steam, lawmakers and regulators across the globe are trying to figure out how to regulate digital currencies effectively to ensure safety and legitimacya debate that took on a new sense of urgency after El Salvador became the first country to accept Bitcoin as legal tender.

Asia-Pacific leads the way:Here are the latest crypto payment moves from two of the biggest global markets.

The bigger picture:When it comes to digital currencies, countries like CBDCs because they have parity with corresponding fiat currencies and can fit within the global banking system: Just days after international financial institutionscalled for global collaboration to make CBDC interoperable, central banks of Singapore and France successfullytesteda cross-border network involving multiple CBDCs supported byJPMorgan'sblockchain infrastructure,Onyx.

Bitcoin, on the other hand, faces anuphill climbtoward being accepted as a currency amid concerns about its high volatility and utility as a payment method, butpayment playersare nevertheless diving into the spacesignaling the asset may be able to overcome this skepticism. But for CBDCs and broader crypto payments to break into the mainstream, continued work toward interoperability will be key to ensure payment utility and enable cross-border transactions.

Want to read more stories like this one? Here's how you can gain access:

Current subscribers can access the entire Insider Intelligence content archive here.

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How China and India are helping shape the future of CBDCs and Bitcoin - Business Insider

The scene is set | Royal St George’s | The 149th Open – The Open

July 14, 2021 | Author: admin

I think all in all, getting the spectators here for us was really important, Slumbers explained on the eve of the Championship.

I've talked about what I think of The Open in terms of where I want it to be positioned as a world-class sporting event, and big-time sporting events need big-time crowds. We've worked really hard with government to do that.

We're very conscious of the environment that we're all operating in. There's very strict conditions for any of those spectators to be able to get into the grounds, and they're being held further back from the players than we would normally do. If you go out, you can see the ropes are further back.

But I think spectators play a massive part in sport; (and its) no different in the Open Championship.

When you wait and see what the 18th is like on Sunday afternoon when the winner is coming down, when the crowds are in the grandstand, that's what the Open is about for us.

A CHANCE FOR THE OUTSIDERS?

An extra layer of intrigue is provided by the identities of the last two men to be crowned Champion Golfer of the Year at Royal St Georges.

Clarke was ranked outside the worlds top 100 when he triumphed a decade ago, while Ben Curtis proved an even more unlikely victor in 2003, sensationally winning on his first major appearance when ranked 396th in the world.

That statistic alone will give hope to every player bidding to emulate Clarke, Curtis and a host of legendary names.

A special place in history awaits the winner of golfs original Championship. Royal St Georges is ready to provide the perfect stage.

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The scene is set | Royal St George's | The 149th Open - The Open

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Life Clips To Enter Cryptocurrency Market With A Definitive Agreement To Acquire Global Blockchain And Digital Currency Platform Belfrics Group -…

Top cryptocurrency Prices Today: Ethereum, Dogecoin and Polkadot shed upto 7% – Economic Times

Ann Coulter: Why are they so angry? | Opinion | marshallnewsmessenger.com – Marshall News Messenger

Trump cranks it up at CPAC: Why raising the spectacle of right-wing madness right now is so scary – Salon

Bitcoin Falls To $32,500 As Inflation Hits A 13-Year High – Forbes

Bitcoin Price Prediction Failure to Hit $33,500 Will Bring sub-$33,000 Levels into Play – Yahoo Finance

Bitcoin’s Range Play Likely to End With Bullish Breakout: Analyst – CoinDesk – CoinDesk

Top cryptocurrency prices today: Bitcoin tanks 8%, Ethereum follows with 21% plunge – Economic Times

How China and India are helping shape the future of CBDCs and Bitcoin – Business Insider

The scene is set | Royal St George’s | The 149th Open – The Open

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