Bitcoin Price Spikes But Bull Reversal Is Still $1K Away

Bitcoin (BTC) spiked 11 percent Monday, likely due to a sell-off in tether (USDT), but a bullish reversal is still not confirmed, technical charts indicate. The leading cryptocurrency jumped to a 2.5-month high of $7,788 at 06:45 UTC on Bitfinex – the cryptocurrency exchange that manages USDT developer Tether LLC. …

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US City Mulls Roll Out of Tougher Rules for Crypto Miners

Plattsburgh, New York, is considering bringing in stricter requirements on commercial cryptocurrency mining farms operating in the city. Patrick McFarlin, a councilor of Plattsburgh’s Common Council, proposed a new law last week that aims to introduce “zoning regulations” for commercial crypto mining activities. According to an update from the council …

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Sony Builds Digital Rights Management System on a Blockchain

Japanese electronics giant Sony has developed a new blockchain-based digital rights management system that may see commercial rollout. According to a press release from the firm Monday, the system will help manage copyright-related information for digital content, citing educational content as a prime use case. The firm states that, with …

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Crypto Exchange OKEx Lists 4 New Stablecoins

Hong Kong-based cryptocurrency exchange OKEx has announced that it is adding four U.S. dollar-pegged cryptocurrencies to its platform for trading. Rolling out the new additions over Monday and Tuesday, the exchange said in a support notice that it will list TrustToken’s TrueUSD (TUSD), Circle’s USDCoin (USDC), the Gemini Dollar (GUSD) …

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