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2022-06-04 10:11:59 According to an executive with the Dubai-based DAMAC Properties, the real estate development “company has already succeeded in concluding real estate deals worth $50 million via cryptocurrencies since the beginning of this year.” The executive, however, says his company is facing challenges convincing the older generation decision-makers to buy into the metaverse, non-fungible tokens, and cryptocurrencies.

Using a Trusted Intermediary
The Dubai-based real estate developer, DAMAC Properties, has since the beginning of the year completed cryptocurrency deals worth $50 million, the company’s chief operating officer (COO) Ali Sajwani has said.

In his remarks during an interview, the COO said by accepting either bitcoin or ethereum as payme...

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2022-06-04 07:00:02 Reserve Bank of India (RBI) Deputy Governor T. Rabi Sankar says central bank digital currencies could “kill whatever little case there could be” for cryptocurrencies, like bitcoin and ether.

RBI’s Deputy Governor Discusses Impact of CBDCs on Cryptocurrencies
RBI Deputy Governor T. Rabi Sankar talked about the potential impact of central bank digital currencies (CBDCs) on cryptocurrencies, like bitcoin and ether, at a webinar organized by the International Monetary Fund (IMF), local media reported Friday.

He was quoted as saying:

We (RBI) believe that CBDCs would actually be able to kill whatever little case there could be for private cryptocurrencies.

By “private cryptocurrencies,” the Indian government and the central bank refer to all non-government-issued cryptocurrencies, including bitcoin and ether.

Sankar explained the cen...

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2022-06-04 05:08:02 Tesla and Spacex CEO Elon Musk says he has a “super bad feeling” about the U.S. economy. President Joe Biden responded with a list of major investments by large corporations and wished Musk luck on his trip to the moon.

Elon Musk’s Bad Feeling About the U.S. Economy
Tesla CEO Elon Musk said he has a “super bad feeling” about the U.S. economy in an email to executives seen by Reuters.

The email, titled “pause all hiring worldwide,” was sent two days after Musk told staff to return to the workplace or leave. He also said he needs to cut about 10% of staff at his electric car company.

Musk has recently warned that the U.S. economy is either already in a recession or is headed towards one. However, the billionaire CEO of Tesla and Spacex believes that a recession is “...

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2022-06-04 03:45:57 Bitcoin cash supporters are known for spreading adoption over the years and 2022 is no different. This year, the peer-to-peer cryptocurrency bitcoin cash has seen significant adoption throughout the islands of the Caribbean, alongside places like Dubai, and Mumbai.

Bitcoin Cash Advocates Continue to Promote Peer-to-Peer Crypto Adoption
According to the web page map.bitcoin.com, there are thousands of merchants worldwide that accept bitcoin cash (BCH) for goods and services. Moreover, if one was to visit the Reddit forum r/btc, they would notice a great deal of posts highlighting adoption in places like Dubai, Mumbai, St. Kitts & Nevis, and St. Maarten.

Bitcoin.com News previously...

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2022-06-04 01:56:10 The parliament of Japan has approved a draft law tailored to regulate stablecoins in the country and protect investors. The new legislation is among the first to be introduced after the recent collapse of the algorithmic stablecoin terrausd.

Law on Stablecoins Approved in Japan in Aftermath of UST Collapse
Lawmakers in Japan have passed a bill designed to determine the legal status of stablecoins. The authors of the legislation have effectively defined these cryptocurrencies as digital money, Bloomberg reported following the vote on Friday.

With the new law, Japan becomes one of the first major economies to develop such a framework after last month’s collapse of the terrausd (UST) stablecoin and its sis...

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2022-06-04 00:08:01 The Apecoin community is in the midst of discussing whether or not the crypto asset should remain within the Ethereum ecosystem. While AIP-41 voting started today, the proposal’s voting process will end on June 8, 2022, at 9 p.m. (ET). Meanwhile, the project’s native token APE has lost 57% against the U.S. dollar in the last 30 days.

Apecoin Community Begins Voting on Whether or Not Asset Should Remain Operating on Ethereum
This week the Apecoin community is voting on whether or not the native token apecoin (APE) should remain on the Ethereum blockchain. The voting process was announced by the official Apecoin Twitter account in order to update the co...

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2022-06-03 21:59:41 The state of New York passed a bill that puts a moratorium on specific types of cryptocurrency mining operations that leverage carbon-based energy sources. The policy will place a two-year ban on proof-of-work (PoW) mining if the assembly bill is approved by New York governor Kathy Hochul.

New York PoW Mining Moratorium Legislation to Be Delivered to Governor Kathy Hochul’s Desk, Crypto Advocates Say the Bill Is a ‘Significant Setback for the State’
New York-based lawmakers have submitted a bill that aims to ban PoW mining operations that leverage carbon-based energy sources. Assembly Bill A7389C was authored and sponsored by New York State Assemblywoman Anna Kelles. The Democratic Party politician from Assembly district 125 said in an...

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2022-06-03 21:59:39 PRESS RELEASE. LABEL Foundation has announced that it has officially integrated with Binance Custody to take advantage of their highly secure cold storage solution. With this integration, LABEL’s native tokens can be kept safely as the $LBL is now supported by Binance Custody and the tokens are safely stored using their institutional and insured cold storage feature. Moreover, both BEP-20 and ERC-20 are available for deposits as well as withdrawals. If all goes well, the LABEL team hopes to further expand its partnership with the Binance ecosystem in the future as well.

A budding relationship

Binance Custody was only released i...

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2022-06-03 18:36:13 Alejandro Zelaya, Treasury minister of El Salvador, explained that the conflict happening currently between Ukraine and Russia has influenced the price of bitcoin on international markets, disrupting it. Due to this disruption, Zelaya also stated that it was not feasible to issue the volcano bonds yet, which are to finance the construction of the Bitcoin City announced last year by President Nayib Bukele.

Treasury Minister of El Salvador Says Conflict Is Affecting Bitcoin Price Action
Military conflict and geopolitical unrest might be affecting the performance of the price of bitcoin in the cryptocurrency market. This is the opinion of Alejandro Zelaya, the minister of the Treasury of El Salvador, who connected these variables to delays the launch of the volcano bonds is experiencing.

In an...

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2022-06-03 16:44:04 WAVES was once again higher on Friday, with prices now gaining by over 120% in the last seven days. While WAVES soared, XLM also had a stellar showing, as it moved closer to a three-week high on Friday.

WAVES
While crypto markets have been either falling or consolidating over the past week, WAVES has continued to surge, climbing by over 120% in that time.

On Friday, prices rose for a seventh consecutive session, hitting an intraday peak of $10.47 in the process.

This move comes as prices marginally passed resistance at $10.45, nearing their highest level since May 11 as a result.

Looking at the chart, the 14-day RSI also broke out of its own ceiling, as it moved past the 43 level earlier in the day.

As a result of this rise in momentum, the moving averages of 10 and 25 days now...

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