Cryptocurrency | Crypto Profit Bot

JPMorgan says inflation concerns, not ETFs, driving Bitcoin price jump

October 21, 2021

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JPMorgan strategists say that interest in the newly launching BITO Bitcoin ETF could cool after a week or so. 924 Total views 29 Total shares Bitcoin (BTC) broke its all-time high price level following the launch of ProShares’ Bitcoin Strategy exchange-traded fund (ETF), BITO, on Tuesday, but JPMorgan Chase strategists believe the key driver behind […]

Competition drives young traders’ crypto investments, says UK watchdog

October 20, 2021

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Young investors assume the crypto market is regulated, new research by the Financial Conduct Authority reveals. 553 Total views 18 Total shares Most young investors in the United Kingdom are entering the crypto market thanks to the hype on social media and news, but they are not aware that the market is not regulated, a […]

ANZ bank settles debanking case with Aussie Bitcoin trader

October 15, 2021

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Bitcoiner Allan Flynn has settled his first complaint with the Australia and New Zealand Banking Group (ANZ) over being unilaterally debanked in 2018 due to his occupation as a Digital Currency Exchange (DCE). The settlement comes 20 months after the Canberra resident first filed complaints with the ACT Civil and Administrative Tribunal against ANZ. In […]

Search for fiat alternative ‘perfectly reasonable,’ says StanChart CEO

October 14, 2021

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The CEO of the British bank believes stablecoins, CBDCs and even NFTs will likely outgrow cryptocurrencies. 22 Total views 1 Total shares Bitcoin (BTC) and other cryptocurrencies have a permanent role in financial markets, but other digital assets like central bank digital currencies (CBDCs) or nonfungible tokens (NFTs) could likely outperform crypto, according to Standard […]

New Australian ransomware plan allows for seizure of crypto

October 13, 2021

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Australian authorities will be able to seize or freeze cryptocurrencies linked to cybercrime under new legislation. 1804 Total views 21 Total shares Australian lawmakers are taking a tougher stance against ransomware with a new plan that increases penalties for offenders. The new measures and proposed Surveillance Legislation Amendment announced by the federal government on Oct. […]

South Korean crypto tax delay thwarted

October 1, 2021

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Lawmakers in South Korea settled a long political battle on Sept. 30th and headed off moves by the ruling party to delay the implementation of the controversial crypto tax legislation. In a meeting on the 26th but only reported yesterday, Finance Minister Hong Nam-ki and key Democratic lawmakers from the National Assembly, South Korea’s legislature, […]

Google, the most popular Bitcoin trend indicator, turns 23

September 27, 2021

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Since the introduction of Bitcoin, Google has become an excellent popularity indicator for cryptocurrencies. 11155 Total views 73 Total shares Google, the leading indicator used to track the popularity of Bitcoin (BTC) and other cryptocurrencies, celebrated its 23rd anniversary on Monday. Founded by Larry Page and Sergey Brin when both were students at Stanford University, […]

BUSD: A case study for stablecoin compliance and security

September 23, 2021

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Stablecoins have emerged as significant players in the crypto market this year, driven by user demand for flexible liquidity in fiat currency times. These currencies are defined as a type of digital currency that can be pegged to underlying real-world assets or backed by them. These assets can be anything from fiat money, commodities like […]

Bitcoin jumps toward $49K amid fears 5%-plus inflation is here to stay

September 18, 2021

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Bitcoin (BTC) inched higher on Sept. 18 as the focus shifted to the Federal Open Market Committee’s (FOMC) policy meeting in the wake of lower inflation numbers last Tuesday. The BTC/USD exchange rate approached $49,000 on the Coinbase exchange, hitting $48,825 before turning lower on interim profit-taking sentiment. Nonetheless, the move uphill raised expectations that […]

Solana chart ‘bull flag’ eyes $250 despite SOL price down 40% since last week

September 17, 2021

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Solana (SOL) price extended its slide on Sept. 17 as a major network outage over the past week — pointing to heightened security risks — hit traders’ confidence. The SOL/USD exchange rate fell up to 13.27% to its intraday low of $133.53 in a corrective trend that began after it topped out near $221.38 on […]

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Category: Cryptocurrency