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Report: Cryptos Set for Massive Adoption in the US as More Americans Embrace Digital Alternatives to the Dollar
9.12.2020
A survey commissioned by Satoshilabs finds that from the 45.8% of American respondents that say they own cryptos, nearly all of them (95%) believe cryptos to be a genuine currency solution. In addition, about 31.7% of those surveyed see crypto as a legitimate alternative to the U.S. dollar, while...
Another Asian Crypto Exchange Suspends Withdrawals as China Detains One of Its Founders
9.12.2020
Chinese authorities are launching a national crackdown against fraudulent SIM card and bank account schemes. The latest detained under this operation is one of the founders of a Hong Kong-based cryptocurrency exchange CEO Global (ceobi). Crypto Exchange Founder Taken Into Custody by Chinese Police...
EURST Stablecoin – The Cost of Answering the Call of the Economic Times
9.12.2020
The technological developments brought about by the invention of blockchain, bitcoin, and cryptocurrencies are rapidly transforming the financial landscape with the nascent industry failing to fit any conventional classification to become an asset class of its own. Stablecoins Are the Solution...
Bitcoin Slides Towards USD 18K, Altcoins Gain Bearish Momentum
9.12.2020
After a long battle, bitcoin price started a bearish wave below the USD 19,000 support level. BTC broke the USD 18,500 support level and moved into a short-term bearish zone. The price is currently (05:00 UTC) down 6% and it could struggle to stay above the USD 18,000 level.
Similarly, there was...
Wells Fargo Investment Institute Report Compares Bitcoin to the 1850’s Gold Rush
9.12.2020
On Monday, the U.S. bank Wells Fargo’s wholly-owned subsidiary and registered investment adviser the Wells Fargo Investment Institute published an investment strategy with a page dedicated to the crypto asset bitcoin. The institute’s contributing author and Head of Global Asset...
Free TON, From an Abandoned Project to the Frontier of PoS Networks
9.12.2020
The Durov brothers fought a long and exhaustive battle with the United States Securities and Exchange Commission (SEC) over the Telegram Open Network (TON)’s acceptance in the United States, which ended with an official announcement that the further development of the project was abandoned....
‘Gold Is Rare but Not Too Rare’ – Bitcoin’s Supply Limit Hinders Usefulness, Says Steve Forbes
9.12.2020
The American publishing executive, Steve Forbes, recently published a video concerning his thoughts on bitcoin and told viewers that the popular crypto asset is “not yet” the new gold. The business magazine’s editor-in-chief says that bitcoin’s value “remains...
Microstrategy Plans a $400 Million Capital Raise to Buy More Bitcoin
9.12.2020
Microstrategy Inc., said Monday that it is planning to sell $400 million in convertible senior notes to private investors so that it could buy more bitcoin. The Nasdaq-listed business intelligence and mobile software company already holds 40,824 bitcoin (BTC) in reserve, valued at $776 million...
Meet Exchase.io: All-in-One Fintech Service Provider Announces Token Sale
8.12.2020
PRESS RELEASE. Exchase (Exchase OÜ) announced that it plans to build an all-in-one fintech solution that will bring the most popular fintech services and technologies under one umbrella. The Estonian based fintech company has been operating a cryptocurrency exchange, but now seeks to bring...
Record $15 Billion Worth of Cryptos Under Management After Institutional Investors Pump $429 Million in One Week
8.12.2020
A new report says institutional investors pumped $429 million into cryptos and cryptocurrency funds in the week ending December 7. The figure, which is the second-highest on record, pushes to the total value of digital assets under management (AUM) to an all-time peak of $15 billion. The largest...
This Bitcoin Cycle Is 'Right On Track' With 'Striking Similarities'
8.12.2020
Now that bitcoin (BTC) has redeemed itself and started its series of hitting all-time highs, it appears to have settled in another narrow range where it could be stuck for weeks or even longer. However, compared to the previous cycle, the world’s largest crypto asset appears to be “right on track”...
Three Years In: A Bitcoin Cash Update From One of Its Founders
8.12.2020
It’s been over 3 years since August 1, 2017, the day Bitcoin Cash was born. I know because I was there and part of the loosely knit ‘team’ that launched the Bitcoin Cash project. Now, after some time has passed and events have unfolded, I am excited to give you an update on where...
Bitcoin, Altcoin Trading Erupted, Nearing USD 1 Trillion In November + More News
8.12.2020
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.
Exchanges news
In November, total trading volume on crypto exchanges surpassed USD 900bn, according to latest report by CryptoCompare, a provider...
G7 Central Bankers Stress the Need to Regulate Cryptocurrencies at Latest Meeting
8.12.2020
The G7 finance ministers and central bank governors discussed the need to regulate cryptocurrencies during their latest meeting. German Finance Minister Olaf Scholz raised concerns about Facebook’s upcoming cryptocurrency. G7 Sees the Need to Regulate Crypto U.S. Treasury Secretary Steven...
Nimera Swap Offers DeFi Exchange Platform With Low Fees and Support for Any Blockchain
8.12.2020
The Defi revolution has brought about a new world of opportunities for crypto investors, but major improvements are still needed in the current ecosystem. For example, the most popular coin swapping service today is dependent on ethererum and its ridiculously high gas prices. Nimera Swap offers...
France Sentences BTC-e Crypto Exchange’s Operator to 5 Years in Prison for Money Laundering
8.12.2020
Russian crypto exchange BTC-e’s operator Alexander Vinnik has now been sentenced to five years in prison by a French court and fined 100,000 euros. He was arrested over three years ago in Greece, extradited to France, and is wanted in the U.S. and Russia. Vinnik Sentenced After 3+ Years...
Report: November Sell-off by Long Term BTC Holders Does Not Signal an Approaching Bear Market
8.12.2020
A recent Glassnode report says some long-term holders (LTHs) of bitcoin offloaded part of their holdings and cashed out their profits during a bull-run. Still, the report explains that the sell-off, which has been noticeable since late November, is not necessarily a sign of an approaching bear...
South Korean Authorities Formally File Fraud Charges Against Coinbit’s Executives
8.12.2020
In South Korea, authorities have formally pressed fraud charges against the chairman of a major crypto exchange in the country, Coinbit, plus two unnamed executives of the firm. They are suspected of price manipulation. Coinbit’s Executives Formally Charged by South Korean Authorities...
German Bank to Launch Bitcoin Investment Fund in January
8.12.2020
German private bank Hauck & Aufhäuser says it will launch a crypto investment fund in January next year, allowing institutional and semi-institutional investors to invest in digital assets including, bitcoin, ether, and stellar. ● According to a report on Fundview,...
Bitcoin and Altcoins Holders Still Await Next Big Move
8.12.2020
In the past three sessions, bitcoin price traded in a tiny range below the USD 19,350 and USD 19,500 resistance levels. BTC also remained well supported near USD 18,800 and USD 19,000. The price is currently (05:00 UTC) showing no signs of a bullish break and it could retest the USD 19,000...