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Cryptocurrency news for today July 18

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Breaking News from Crypto Business World (CBW) – July 18, 2020

Cryptocurrency news for today July 18

Cryptocurrency news for today July 18
CONTENT

  • Dogecoin turned around after another tweet by Elon Musk

  • Russians are losing interest in cryptocurrency amid falling income

  • Binance blacklisted by Malaysia regulator

International consortium of news organizations developing transparency standards.

Elon Musk reversed Dogecoin in a bullish direction again, and DASH is also preparing to break through resistance. Meanwhile, Ripple announced that it does not mind providing DeFi services to institutional clients, and Venezuela has banned cryptocurrency mining at work. Experts ponder whether there is a future for the crypto business in Russia, and interest in digital assets in the country is falling along with the level of income among the population.

Cryptocurrency news for today July 18

Russians are falling into poverty, bitcoin again fades into the background

According to Rosstat, in the second quarter of 2020, real wages of Russians have grown by 3.4% since the beginning of the year, but at the same time disposable cash income has decreased by 8%. This is the deepest drawdown in 1999, when the indicator fell 10%. The subsistence minimum at the beginning of the year amounted to 11,731 rubles, while, according to the department, 12.6% of the population (about 18.6 million people) received income below the subsistence minimum, that is, they were below the poverty line. For comparison: in the fourth quarter of 2019, only 9.2% of Russians received income below the subsistence level. On average, the income of Russians in the reporting period amounted to 32,854 rubles. More details

Elon Musk accidentally pumped up the Dogecoin rate

Dogecoin rallied almost 15% in response to Elon Musk’s tweet about the bright prospects of this comic cryptocurrency. And this time it was not an account hack. Dogecoin rate soared this morning to $ 0.0037 after a drawdown to $ 0.0027. At the time of this writing, as the use of cryptocurrencies grows, new types of tokens are emerging. They can represent value or something intangible like voices. Two … More traded in the $ 0.0034 area, up nearly 15% on a daily basis. More details

Cryptocurrency news for today July 18

Venezuela against cryptocurrency mining in office real estate

Venezuelan authorities have decided to ban the mining of cryptocurrencies in state microdistricts due to high electricity consumption. Venezuela is increasingly tightening the illegal circulation of virtual assets in order to oust competitors of the national digital cryptocurrency Petro from the market. According to a statement from Venezuela’s Minister of Housing, Ildemaro Moises Villaroele, cryptocurrency mining is now prohibited in any office space, including government areas. More details

Ripple is interested in providing DeFiDecentralized finance (DeFi) is a financial service built on blockchain technology that offers users access to an open, efficient and …

Ripple’s CTO talked about the company’s plans to expand services in the decentralized finance sector. Fintech company Ripple is interested in providing decentralized finance (DeFi) services to institutional clients. This was stated by Ripple CTO David Schwartz in an interview with BlockDown TV. More details

DASH Warm Up Before Long Term Resistance Breakout

Last December, DASH hit a low of ₿0.0053, finding itself in an area of ​​significant support, which has not been touched by quotes since 2015. Following the emergence of significant bearish divergence signals on the weekly RSI, the altcoin began an upward movement and, having risen 200%, noted a high of ₿0.016, but has since been correcting. Now the cryptocurrency is slightly above the support zone of ₿0.0072. More details

 

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Cryptocurrency news for today July 18

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