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Changpeng “CZ” Zhao, Binance.US Might Go Public in three Years

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Changpeng “CZ” Zhao

Changpeng “CZ” Zhao, CEO of one of the world’s biggest exchanges, Binance, stated its U.S. associate is observing a primary public offering in three years.

Zhao stated “Binance.US is just going to do what Coinbase did” by ensuing in the tracks of Brian Armstrong’s exchange.

The change to go public would be a bonus for the plagued Binance brand, with numerous states having publicized inquiries into or issued warnings against Binance.

A representative for Binance confirmed with CoinDesk that Zhao had exposed an expected timeline through an interview with the publication and highlighted his reply as being reliant on market factors.

Zhao stated, “So if the business can grow consistently over the next three years, then three years should be sufficient for an IPO,”

He further said, “If there’s a prolonged bear market for, I don’t know, maybe three or five years, then it may be a little bit longer.”

Binance.US is watching the achievement of a big private funding round in the next two months that would see the exchange’s CEO decrease control of the U.S. affiliate’s board, according to the report.

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TotalEnergies and the Iraqi government sign up a $27b investment deal

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TotalEnergies

The Iraqi government and French oil and gas firm TotalEnergies have signed up a $27 billion investment deal to produce the country’s oil and gas fields, Iraqi Prime Minister Mustafa Kadhimi stated.

In July, Baghdad signed up a primary contract with the French energy giant that contains four foremost projects.

“Today, in the presence of the prime minister of Iraq, a signing ceremony was held for the first agreement to draw investments for implementation of associated gas and oil field development projects. The agreement consists of three contracts between the Iraqi Ministry of Oil and French company Total, and one contract for a solar energy project between the Iraqi Ministry of Electricity and company Total,” Kadhimi stated.

The projects contain an increase of oil production at the Ratawi oil field from 85,000 to 210,000 barrels per day along with the formation of facilities for meting out associated petroleum gas and building of solar power plants.

TotalEnergies, before called Total, is one of the largest oil and gas firms in the globe with about 100,000 workers across more than 130 countries.

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Cardano Price Prediction: ADA looks back at 13% the consolidation pursue

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Cardano Price

Cardano price has been looping up since August 23 blow high and displays signs of an inward drop. ADA wants to break through the all-time high to overturn the bearish idea.

Cardano price set up three greater highs and four greater lows since August 21. Linking these swing points by trend lines discloses the establishment of an increasing wedge.

This technical design leans bearish, and a breach of the lesser trend line forecasts an 18% fall to $2.29, determined by calculating the space between the first swing high and low and adding to the escape point.

Though, this crash will not be an instant change lesser due to the occurrence of many support levels. The falling prices will meet the $2.47 demand barrier, breaching which will drive Cardano price down to $2.38. Whereas the selling pressure is probably too exhaustive here, investors must expect a retest of the $2.29.

If ADA stays above the lower trend line of the increasing wedge, the bulls have nothing to panic about. If the higher limit of the technical pattern is breached, it will specify a renaissance of purchasers. But, the bearish thesis will face overthrow simply after ADA sets up a different all-time high above $3.11.

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SHOP.COM, an online retailer currently accepting crypto payments

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SHOP.COM

SHOP.COM an American e-commerce platform currently accepts cryptocurrency payments succeeding in a collaboration with payment provider BitPay.

The partnership lets customers pay for their stuff through the BitPay wallet at the checkout phase.

Presently, customers can pay with Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Wrapped Bitcoin (WBTC), Dogecoin (DOGE), Litecoin (LTC), and an array of stablecoins including GUSD, USDC, PAX, DAI, and BUSD.

COO & President of SHOP.COM, Steve Ashley, defined the partnership as the “next chapter in purchasing products on all SHOP.COM sites” and highlighted the BitPay addition was obtainable international in all of the countries Market America works in.

“Today I’m announcing that SHOP.COM is going to be offering Bitcoin, Ethereum, and several other cryptocurrencies through BitPay,” he said.

He further said,

“We’re going to be offering this at SHOP.COM sites worldwide in all of our Market countries. We went with BitPay because they are the industry leader. They are the world’s largest in Bitcoin and crypto payment services.”

BitPay is a crypto payment service provider that allows wholesalers to handle and settle crypto payments.

BitPay presently collaborated with services such as Shopify, Microsoft, and Shopify, and newly publicized it will support Google Pay and Samsung Pay in its wallet.

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Binance users in Singapore can no longer use Binance.com

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Binance.com

Binance CEO, Changpeng Zhao (CZ) posted three tweets in a row, telling users of Binance in Singapore that they can no longer use Binance.com. As an alternative, he stated that Singapore-based users must currently use binance.sg.

In detail, he stated that this is for the reason that of directions set by the Monetary Authority of Singapore (MAS). He further said that due to these instructions, there may be certain limits for Singapore-based users who access the platform using binance.com.

He adds that these rules are set by governing bodies and all Binance can do is to attempt and save up with the rules.

On this matter, he expects that the users will recognize and goes on to thank them for their understanding. Therefore, CZ says to Singapore-based users that it is not dangerous for them to use Binance.sg. In fact, he pressures that this choice bids as an independent thing that works in Singapore.

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A globally sharp rise in gold prices also felt in the local barter markets

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gold

The negative effects of rising gold prices in the global market were also felt in the local barter markets.

The demand for it increased during trading in the bullion market, which led to a rise of 12 12.

After the recent increase, the price of it per ounce reached 27 1827.

Due to the increase in the international market, the price of it in the local barter markets of Pakistan increased by a total of Rs. 2,322.

According to Muhammad Arshad, chairman of the All Pakistan Jewelers Manufacturers Association, the price of it rose by Rs 1,250 per tola in Pakistan.

He said that similarly, the price of ten grams increased by Rs.1072 due to which the price reached Rs.96,279. Bargain markets in Karachi, Hyderabad, Sukkur, Multan, Lahore, Faisalabad, Islamabad, Rawalpindi, Peshawar, and Quetta traded at the new rates.

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EU-Pakistan Trade Forum will start next week in Islamabad

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The first-ever EU-Pakistan Business Forum will be launched in Islamabad next week, Ambassador of the European Union, Androulla Kaminara stated.

Speaking to the media, she said that the forum will be installed on Wednesday and it meant improving opportunities for two-sided trade.

She said that the enterprise would endorse and ease trade activities between Pakistan and the EU with an effort to more improve public relations for increasing economic support.

Kaminara said that such plans and opportunities would increase relations between Pakistan and the EU and fund the growth of scientific and educational cooperation.

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Dollar price should be controlled, according to the ex-president of FPCCI

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Dollar

The value of the dollar should be controlled and unnecessary imports should be banned, said the President of UBG.

Zubair Tufail, former president of FPCCI and president of United Business Group, has said that the devaluation of the rupee against the dollar has led to imports and the gap between exports is widening and immediate action should be taken, the situation could become alarmingly dangerous.

Zubair Tufail said in a statement that the rupee’s rise to Rs 167 against the dollar would lead to a storm of inflation in the country and food prices would skyrocket, making the livelihood of the poor and middle class more difficult while the trade deficit. It is feared to grow to alarming proportions.

Zubair Tufail appealed to Prime Minister Imran Khan to take immediate action realizing the gravity of the situation as the appreciation of the dollar has led to fears that the rupee will depreciate further which will affect not only national security but also the economy.

If Prime Minister Imran Khan does not solve this problem, Pakistan’s sovereignty will be endangered, the country’s debt will increase sharply, and therefore it is necessary to control the value of the dollar and unnecessary imports.

The government should take steps to curb unnecessary imports on an emergency basis. In this age of inflation, it has become inevitable to stop the value of the dollar in one place. The people of Pakistan cannot afford further inflation.

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Bitcoin price is attempting to break out of its current downward trend

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Bitcoin

In spite of the dreary bitcoin presentation in September in history, this current year may be an outlier to this movement if the present market momentum perseveres.

Bitcoin (BTC) has been brawling to break the $50,000 mark for over 10 days now.

But, on Sept. 2, the finest cryptocurrency concisely exceeded the milestone, referring to optimistic waves through the market. Since then, the token has fallen below the mark to trade in the $49,000 range previously recovering to hit the $50,000 mark yet once more on Sept. 3.

In history, September has been one of the more dreary months for BTC. A look at the monthly price statistics since 2013 discloses that the token has sent optimistic gains in September two times in eight years — in 2015 and 2016 — with an extreme of 6%, which could be measured to be nearly flat.

Pete Humiston, manager of Kraken Intelligence — the research division of the Kraken exchange — said about what this tendency can mean for this year:

“September is historically Bitcoin’s worst-performing month. That said, it has been verging on $50,000 for the past three weeks or so now. Should Bitcoin stage a breakout above this psychologically significant milestone, it could renew investor interest and spark the momentum needed to carry it all the way back to $60,000.”

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Pakistan to launch a new low-cost airline by the name of Fly Jinnah

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Fly Jinnah

“Fly Jinnah”, Pakistan’s new airline launched by Lakson Group, one of Pakistan’s leading business corporations, and Sharjah-based Air Arabia Group.

The future firm will see the creation of a low-cost traveler airline serving local and international roads from Pakistan.

“Fly Jinnah” will work for the deliberate vision of Pakistan’s travel and tourism sector and fund the country’s economic growth and job creation, whereas providing Pakistanis with dependable and value for cash air travel, Air Arabia stated in a press release.

Iqbal Ali Lakhani, Chairman of Lakson Group, stated: “We are excited to partner with Air Arabia is launching Pakistan’s new low-cost carrier. ‘Fly Jinnah’ will serve Pakistan’s travel and tourism sector and will play a constructive role in contributing to the nation’s economic growth.”

Sheikh Abdullah Bin Mohammed Al Thani, Chairman of Air Arabia, said: “We are delighted at Air Arabia Group to partner with Lakson Group on this joint venture to launch Pakistan’s new low-cost carrier. We are confident that ‘Fly Jinnah’ will add value to the air transport sector of Pakistan and directly contribute to the local economy through job creation and the development of travel and tourism sector”.

Fly Jinnah will firstly be centered in Karachi serving a variety of domestic routes across Pakistan and then will increase its way network globally.

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Compressed Natural Gas prices likely to rise across Pakistan once again

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Compressed Natural Gas

The Compressed Natural Gas (CNG) Association has indicated the possibility of an increase in gas prices once again across the country.

According to Ghias Paracha, Leader of Compressed Natural Gas Association, the price of gas in Punjab will go up by Rs 18 per liter after which the price of gas in Punjab and Islamabad will be Rs 125 per liter, the price of gas in Sindh will be increased by Rs 28 per kg due to which the price of gas in Sindh will be Rs 192 per kg.

Ghias Paracha said that we are waiting for the notification of OGRA, the price of gas has been increased in some places, raising the tax on gas and reducing the tax on petrol and LPG is surprising.

Ghias Paracha said that the government should reduce the taxes in the CNG sector, the CNG sector should be given incentives like other sectors, otherwise, for the first time in the history of the country, gas will become more expensive than petrol and with this move, the country will be drowned in the flood of inflation.

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Port Qasim Authority has reduced port charges by 50%

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Port Qasim

According to details, Port Qasim Authority has reduced port charges by 50% to increase exports. Sources said that a 50% reduction in VAT and dry port charges would lead to a reduction in port revenue of Rs.24 crore.

It may be recalled that Port Qasim had released a profit of Rs 18 billion after-tax was charged last year.

In this regard, a meeting of the Cabinet Committee on Transport and Logistics was held in Islamabad under the chairmanship of Federal Minister for Maritime Affairs Ali Zaidi.

The meeting also sought suggestions from Karachi Port Trust (KPT) for the reduction in port charges.

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Securities regulator of Nigeria has set up a fintech team to research crypto

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BTC TO PKR

Due to the government limits, several of the crypto markets of Nigeria goes underground, the country’s securities regulator are trying to make investors safer.

In 2021, financial organizations working in Nigeria have been the pedal of a government restriction on cryptocurrencies, start with February’s infamous central bank prohibition on investors providing services to crypto exchanges in the country.

With several of the Nigerian crypto market of need peer-to-peer, Nigeria’s Securities and Exchange Commission (SEC) now purposes to present regulations that could legalize the business and offer investors healthier safety.

Nigeria’s SEC, which reflects that all crypto assets ”are securities, unless proven otherwise,” will only be capable to create a regulatory background if crypto is once more integrated into the country’s banking system.  The agency is also apparently seeing to operate with fintechs to support the national market for safeties to put off the capital flight, which remains to affect many sectors.

The Central Bank of Nigeria (CBN) is too joining with a Barbados-based fintech as a technical partner for its projected e-naira digital currency.

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Binance warned by South Africa for working illegally in the state

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Binance

South African authorities are the most recent to caution against using Binance, stating the exchange is not legal to work in the state.

Financial Sector Conduct Authority (FSCA) of South Africa has cautioned the country’s public against trade with crypto exchange platform Binance.

In a statement issued, the FSCA specified that Binance Group, an “international company” domiciled in Seychelles, was not authorized to reduce financial services in the state.

Telegram was used by South Africans to increase access to Binance’s crypto exchange services in the country, FSCA specified.

The warning against using Binance, the financial official too prompted South Africans that crypto investments are not regulated in the nation. The FSCA statement added. “As a result, if something goes wrong, you’re unlikely to get your money back and will have no recourse against anyone,”

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Dogecoin as the seventh-largest crypto gets replaced by Solana’s SOL

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Dogecoin

By the market value, Solana’s SOL a programmable blockchain swaps Dogecoin (DOGE) as the seventh-largest cryptocurrency.

SOL move up 12% to $145, creating a position above Tuesday’s record of $130. The market capitalization of crypto soared to $42 billion, exceeding dogecoin $38 billion.

Co-founder, and managing partner at Kenetic Capital, Jehan Chu, stated,

“Solana’s popularity, already boosted by Sam Bankman-Fried’s support, has seen unprecedented price action on the back of strong mindshare growth, a flurry of decentralized application launches and, most recently, the frenzy around their Kaiju cards NFT launch,”

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Dominance of Ethereum in the cryptocurrency market reaches 21%

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Ethereum

Ethereum, the world’s second-largest digital currency, saw a solid bullish rally on Friday later ETH moved the price level of $3,980, the peak level since May 2021. Ethereum is presently looking at its all-time high of $4,170.

The overall market cap of ETH soared upstairs $460 billion on Friday

As per Coinmarketcap, the newest rally in ETH is triggering a sharp flow in the total crypto market supremacy of ETH. The digital asset currently accounts for around 21% of the overall crypto market cap.

Instead, Bitcoin saw a decrease in its total share of the crypto market as BTC’s supremacy touched 41%. Ethereum is now up by further than 25% in the previous seven days. The overall market cap of ETH was greater than before by more than $100 billion this week.

Market Analyst at eToro, Simon Peters, said,

“ETH is surging today and looks close to breaching the $4,000 level. This rally takes it closer to ETH’s all-time high of $4,177 set in mid-May this year. Often, other than general market sentiment, it can be hard to identify why a particular asset is rising in value, as momentum can carry values higher. But in the case of ether (ETH) right now, a number of factors are creating significant upward pressure on the price of the coin. Firstly, the number of transactions happening on the Ethereum network is increasing again, but perhaps more significantly the gas being used on the network is near all-time highs,”

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Amitabh Bachchan’s non-fungible tokens have elite and limited artworks

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Amitabh Bachchan

Bollywood superstar, Amitabh Bachchan has launched his specific NFTs (Non-fungible tokens), which will contain elite and limited artworks themed around Amitabh and his life expectancy.

The NFTs will also contain the super star’s recitation of poems from Madhushala, the famous collection of poems by his dad Harivansh Rai Bachchan. He will as well share stories from his much-celebrated profession.

Amitabh Bachchan’s NFT collection will be available on the BeyondLife.club platform.

BeyondLife.club stated, “Bollywood megastar Amitabh Bachchan will be the first one to roll out his NFT collection through BeyondLife.club. These collectibles will represent his legendary status and mark the opening of this maiden NFT platform.”

The BeyondLife.club website will too let individuals share their NFT idea on the platform, which will then be communicated to Amitabh Bachchan. “It could be an audio clip, a signed poster or even a meet and greet. Go wild,” the website stated.

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Brendan Greene, the creator of PUBG, has left Krafton to start his own firm

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Brendan Greene

The inventor of a popular game PUBG, Brendan Greene, decided to be independent. Krafton, the owner of PUBG, has split out his PlayerUnknown Productions studio, which will have a minority share in the corporation.

Greene stated, “I’m so very grateful to everyone at PUBG and Krafton for taking a chance on me and for the opportunities they afforded me over the past four years,”

He further added, “Today, I’m excited to take the next step on my journey to create the kind of experience I’ve envisaged for years. Again, I’m thankful for everyone at Krafton for supporting my plans, and I’ll have more to reveal more about our project at a later date.”

Greene left the essential PUBG team in 2019 and moved from Seoul (where Krafton is based) to Amsterdam to lead the PUBG Special Projects division.

PlayerUnknown Productions is “exploring the systems needed to enable massive scale within open-world games,” as per a press release. Prologue, for which Greene released an atmospheric teaser in late 2019, is the only game listed on the studio’s website, so it appears he’s taken that game with him.

Greene’s resignation from Krafton is important, as he is widely regarded as the creator of the battle royale genre, which has dominated the gaming industry in recent years. Greene rose to popularity before PUBG as a creator of ARMA 2 and H1Z1 battle royale mods.

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Jonty Bozas filmed, buffalo attacks lions, watch viral video

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buffalo attacks lions

While going on a tour of the MalaMala Game Reserve, Jonty Bozas recorded a video in which buffalo attacks lions, that went viral on the internet.

Bozas stated,

“The bulk of the herd had moved off by the time the lions managed to single out a buffalo bull but when they heard their fellow buffalo bellowing for help they came to the rescue,”

He further added,

“The lions were not impressed by being chased off and tried to regroup and rally together to get another buffalo down.”

“We had spotted the herd of buffalo the evening before and had seen the lions trailing them. We decided to go out on morning safari super early the following morning and luckily we did as it took us a while to find the herd and lions again,” stated Bozas.

He additionally stated that nine lions were attacking the buffalo for four hours.

“During the morning that was the second time that they had managed to get on the back of a buffalo. There was a little bit more chasing done by the buffalo and the lions ended up lying up in a dry river bed before the herd continued to move in the opposite direction,” Bozas concluded.

The lion joined the arrogance later which came under attack.

Lions are not bold as they are known as “King of the Jungle”.

Animals with thick skin, such as rhinoceros and elephants, can be dangerous to them. Fails, with their lethal horns, are also terrible opponents for cats.

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Instagram seems to have stopped working correctly

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Instagram

The social networking service, Instagram seems to have stopped working correctly, with users grumpy they are not capable to use it as normal.

The news feed would not revive, direct messages would not send, or comments could not be written – also with not being able to enter into the app at all, were among the complaints.

The glitches were experienced around the globe, as per the tracking website Down Detector, which recommended there had been problems all morning but they had spiked around noon time.

But it did not seem to be affecting all users. Few seemed to be capable to load and interact with their news feed as usual – and it is not clear what permitted them to get around the problems.

Facebook, in a statement, stated that it was alert of the problems with Instagram. “We’re working to get things back to normal as quickly as possible and we apologize for any inconvenience,”

Down Detector said that the problem could be with the company’s servers, and the same problems possibly are faced by WhatsApp and Facebook.

Mark Zuckerberg and Facebook management have been observing to more carefully connect its three messaging platforms, with the expectation of letting them all be powered by the same backend.

Users would be able to communicate between the three apps in this way. However, critics have pointed out that it would make any regulatory split difficult or impossible – and that issues with one of Facebook’s services tend to spread to others.

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Samsung Galaxy A03s is available in the United Kingdom for £139

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Galaxy A03s

Samsung introduces its entry-level Galaxy A03s to the United Kingdom (UK), just two weeks later it’s worldwide unveiling.

The Galaxy A03s will be selling for £139 and will be on sale for buying Samsung and all partner retailers from September 24.

Specification for Galaxy A03s,

LCD

A 6.5-inch LCD with HD+ resolution.

Battery and Chipset

A 5,000 mAh battery, and an Helio P35 chipset.

Camera

There is a 13MP core shooter around the rear next to a 2MP macro cam and a 2MP depth module. The selfie camera has a resolution of 5MP.

Fingerprint and Headphone

The phone also contains a side-mounted fingerprint scanner, headphone jack, and One UI 3.1 Core on top of Android 11 covering the software side.

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Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) price forecast

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Bitcoin (BTC)

The price of Bitcoin (BTC) increases many times over the last past week. Yet, the new increase appears to be taking the next shot at this barrier and is expected to push through it, start over the Bull Run.

Ethereum (ETH), Ripple (XRP), and various other altcoins have by now begun rallying with certain accomplishing new all-time highs.

Bitcoin (BTC) price reaches at $50,000 psychological level

Bitcoin price gets through $50,000 on August 23 but was unsuccessful to bear itself above that level, leading to a sell-off. Although Bitcoin tried getting better from this smash, leading to a constricted consolidation in the middle of $50,000 and $46,000.

The current increase sliced through the persuaded resistance level and is trying to take over the $50,000 psychological level successfully.

Ethereum (ETH) price practices exponential gains

Ethereum price remained calm for nearly a month after breaching the $3,000 psychological level on August 7. The consolidation from August 7 to August 30 set up roughly the same highs and higher lows, leading to the creation of a rising triangle.

This bullish pattern saw an escape on September 1, which led to a 20% increase that shaped a conclusive daily nearby above a decisive resistance level at $3,716. This change opens a resistance-free track for Ethereum price up to $4,071.

Hence, investors can guess ETH to tag another psychological level shortly.

Ripple (XRP) price remains to move forward

Ripple price has stood consolidating since late Nov 2020, making higher highs and higher lows. Linking trend lines laterally the higher highs and higher lows affect the establishment of an rising corresponding channel.

In recent times, Ripple (XRP) has sprung up off another hurdle at $1.09 and is near to pointing a resistance barrier at $1.27. If the bulls succeed to produce a conclusive close above $1.27, it will settle the start of a fresh uptrend and push XRP price by 36% to the third hurdle at $1.70.

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When compared to Bitcoin, the price of Ethereum breaks $3,500

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Bitcoin

On Wednesday, Ether (ETH), Ethereum’s native asset, extended its rise to multi-month highs against Bitcoin (BTC) and the US dollar.

Cryptocurrency touches its top levels compared to Bitcoin and the dollar in more than three months.

The ETH/BTC exchange rate rose 3.13% to hit 0.07475 for the first time since June 9. In the meantime, bids for ETH/USD scaled 3.4% to $3,546, the uppermost since May 18, showcasing a transformed benefit gush in the second-largest cryptocurrency market after it consolidated oblique for more than 3 weeks.

Ether’s price jump seemed in spite of a trembling price behavior across the cryptocurrency market. For example, Bitcoin prices continued to trap around $47,000 while judging a pure escape move above their psychological resistance level of $50,000.

Likewise, one of Ether’s highest rivals, Cardano (ADA), also consolidated indirectly following its 100%-plus price rally in August, although its market supremacy chops from 4.54% between Aug. 8 to 4.26% at the period of writing.

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Central Bank of Iran (CBI) to issue national crypto

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Central Bank of Iran

The Central Bank of Iran (CBI) is in the procedure of having its virtual money (CBDC) issued, informed by a banking official.

The Central Bank of Iran seeks to cut the price of printing cash plus the risk of domestic private sector electric transactions.

CBI has been formulating itself for the past months to license imports of goods into the state through domestically mined cryptocurrencies (rial-based ones); i.e., Iran will shortly join the club of national cryptocurrency holders.

Only cryptos resulting from miners’ official by the Ministry of Industry, Mines, and Trade can be used, as per the new central bank announcement.

Authorized banks and exchange businesses that follow the CBI standards can pay for imports in cryptocurrencies.

The CBI has taken this unprecedented step in an effort to mitigate the impact of international sanctions on Iranian financial transactions with the rest of the world.

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Twitter reportedly working on a Bitcoin tipping feature

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Twitter

Twitter has reportedly launched a Bitcoin tipping in a limited beta release. Twitter users may be able to tip each other using Bitcoin in the near future.

Whereas Twitter is yet to officially publicize the feature, MacRumors has reported that it has been contained within a limited beta release.

Distinctly, mobile developer Alessandro Paluzzi also leaked a picture of what looks like a feature letting users “receive tips in Bitcoin.” The beta release has reportedly been made available to a partial number of users so far.

Bitcoin tipping may be added to the “Tip Jar” service Twitter launched earlier this year. Presently, Tip Jar lets users join their Twitter profiles to payments services like Square’s Cash App, Patreon, PayPal, and Venmo to support content creators.

The Lightning Network, a Layer Two payment protocol based on the Bitcoin blockchain, would be used for the feature, as per the screenshot. Micropayments on Bitcoin are commonly made with Lightning.

It uses state channels to allow quicker Bitcoin payments with lesser fees than the main Bitcoin network. Instead of downloading the full Bitcoin customer bulge, Lightning supports light clients for rapid syncing.

CEO Jack Dorsey, founder of Twitter is known for his interest in Bitcoin. He has defined it as the best entrant for the “native currency” of the Internet in the past.

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This September, put these 4 cryptocurrencies on your watch list

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cryptocurrencies

This month you should put these 4 cryptocurrencies on your watch list. After a rough few months, August had cryptocurrency investors chatting about a bull run once more.

1. Cardano (ADA)

In August the price of Cardano increased by 100 percent, while September will still be a big month for the coin that needs to use blockchain to resolve real-world problems. On the 12th of September ADA will present its smart contract functionality. (On the blockchain, smart contracts are small pieces of self-executing code). This will be enticing developers after the smart contracts are up and running.

2. OMG Network (OMG)

OMG directly works with banks and targets to make products that demand equally to present banking and those who do not presently have access to banking services.

Enya, The strategic partner of OMG and core contributor, just publicized Boba Network, which defines as a “next-generation” layer 2 solution. Layer 2 solutions talk about many protocols that sit on top of the current blockchain and recover its scalability.

OMG goals to make a wallet that individuals can use to simply transfer any asset among different payment platforms — from traditional cash to cryptocurrencies or even payment points.

3. Helium (HNT)

The “People’s Network,” as the firm calls it, combines blockchain and wifi. Helium can offer 5G connectivity around the world lacking similar prices related to traditional telecoms infrastructure.

The hotspot of helium is a bit similar to the router of wifi in a house but extremely powerful. They’re known as LongFi, and they can reach 200 times faster than a regular router. Individuals can set up Helium hotspots in their houses or offices and receive HNT tokens in exchange for increasing wireless coverage in their societies.

4. VeChain (VET)

VeChain at present increased 40% in August, as the supply chain platform remains to show what blockchain can accomplish. VeChain makes use of blockchain technology to streamline corporate procedures and keep track of each stage of the supply chain. It already collaborates with Walmart to track food products throughout the manufacturing and delivery process.

It publicized a new platform that tracks carbon footprints using the blockchain ledger. Companies can use VeChain’s service to track their carbon use across the whole supply chain in a transparent manner. Businesses might use the platform to provide “full oversight of carbon data and green claims” to their clients.

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“I am not a ‘big fan’ of cryptocurrencies”, Donald Trump

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Donald Trump

Ex-President Donald Trump expressed his dislike for cryptocurrencies in an interview on Tuesday. Trump stated in an interview that “I have not been a big fan of cryptos,”

Whereas the interview focused mostly on Trump’s response to America’s Afghanistan departure, he didn’t slip a chance to share his opinions on the vastly unstable digital asset.

The worth of BTC fell in June after Donald Trump called it a “scam.”

His comments arise just days later hedge fund star John Paulson criticized Bitcoin and other cryptocurrencies as basically “worthless.”

The former president’s son and an executive vice president in the family company, Eric Trump, In meantime highlighted his father’s derision for digital currency.

Eric Trump stated, “Typically we have gravitated to tangible assets — something one can see and touch, that has replacement cost, that’s unique, iconic.”

The price of Bitcoin has jumped in recent weeks, even after being criticized.

The previous month the price of Bitcoin fell below $30,000 but has been increasingly rising to $47,000 later that point. In the last year alone, the disreputably unstable Bitcoin dropped from around $10,000 in October to more than $60,000 at one point in April.

Crypto prices can simply be prejudiced by remarks and tweets from the likes of Tesla CEO Elon Musk — who at several points recognized bitcoin as payment for Teslas.

Billionaire investor Mark Cuban also has a past of affecting the price of cryptocurrencies with his tweets — Dogecoin rushed after he publicized he would agree to take it as payment for several products he sells as part of his Dallas Mavericks franchise.

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Cardano is up against a stumbling block on his way to new all-time highs

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Cardano

Cardano (ADA) increases almost 3% ever since the starting of the regular trading session as a novel tendency of volatility has hit the crypto market.

Cardano looks to have come in an alliance period after rushing to a new all-time high of $2.98 on Aug. 23. Since then, it’s been creating a series of higher lows, whereas the $2.98 resistance level has disallowed it from progressing further.

A surge in purchasing pressure around the present price levels might have the strong point to push Cardano outside the above resistance at $2.98. In this case, ADA might advance by closely 16.3% to make a new all-time high of $3.43.

Transaction history demonstrates that if the demand fence that spreads from $2.74 to $2.82 holds, the chances will favor the bulls.

Still, the third-largest cryptocurrency by market cap wants to carry on trading above the $2.74 to $2.82 range to avoid 91,500 addresses from selling the 2.4 billion ADA they acquired around this price level.

Breaking through this critical demand barrier may prompt investors to sell their positions in order to avoid seeing their investments go “out of the money.” Instead, a sell-off might result in a 16.3 percent drop, pushing Cardano to $2.40.

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