Category: Cryptocurrency

Majority of institutional investors ready to buy digital assets, study says

July 20, 2021

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A new study found that institutional investors’ appetite for digital assets, including cryptocurrencies, is growing. 1038 Total views 3 Total shares New data shows that institutional investors’ interest in cryptocurrencies and crypto-related businesses is continuing to grow.  Fidelity Digital Assets, the crypto arm of the global asset management giant Fidelity Investments Inc, tasked Coalition Greenwich […]

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BlockFi starts shipping Visa-backed Bitcoin rewards credit cards

July 7, 2021

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Cardholders will earn a percentage back in Bitcoin instead of airline miles or other cashback rewards 49 Total views 1 Total shares New York-based crypto loans and savings startup BlockFi launched its Bitcoin (BTC) rewards credit card today. The card is available to select approved customers on the United States waitlist.  Officially named BlockFi Rewards […]

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Bitcoin fractal setup from 2019 hints BTC price can rebound back to $50K

July 4, 2021

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Bitcoin (BTC) faces the prospects of reaching $47,500-$50,000 based on its current trend’s eerie similarity with the one in June through December 2019. 2019 Bitcoin fractal In detail, Bitcoin topped out around $14,000 on June 26, 2019, before turning lower for the remainder of the year on profit-taking sentiment, and as well as FUD sparked […]

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This unknown cryptocurrency soared by 164,842% in hours, only to crash 99%

June 15, 2021

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About $7.65 billion entered the cryptocurrency market in just three hours via a widely unknown altcoin on June 14. Dubbed as WebDollar (WEBD), the token’s per-unit price surged from $0.0003711 to $0.6121 between 0900 GMT and 1200 GMT. That marked a little over 164,842% gains in its market valuation. Nevertheless, the price spike accompanied declines in […]

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Chinese social media giant Weibo reportedly bans crypto-related accounts

June 7, 2021

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The government doesn’t want a Chinese version of Elon Musk, an expert said. 786 Total views 1 Total shares China’s crackdown on cryptocurrencies has reportedly spread to social media. Weibo, China’s Twitter-like microblogging service with over 530 million monthly active users, has reportedly suspended several popular Bitcoin (BTC) and crypto-related content creators on the platform. […]

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To ICO or to IDO? That is the question

June 4, 2021

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Initial DEX offerings are the new initial coin offerings. So, what’s the difference between an IDO and an ICO, other than that one letter?  A lot actually.  In some ways, ICOs and IDOs have more in common with each other than they do with initial exchange offerings, which have more than a few features of […]

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Dead cat bounce? Ethereum jumps 20% while ETH inflows to exchanges soar

May 24, 2021

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On May 20, the price of Ether (ETH) surged from $2,443 to almost $3,000 — a 13.55% climb, according to Coinbase data. The strong intraday upside move appeared a day after ETH’s 27.61% price crash. It thus raised hopes that the second-largest cryptocurrency by market capitalization would eventually recover in the days ahead. But the […]

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Robinhood announces new COO to lead crypto trading desk

April 23, 2021

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With the company’s crypto business expanding significantly, Robinhood has appointed a chief operating officer to lead its cryptocurrency operations. 2989 Total views 21 Total shares Retail trading app Robinhood has appointed Christine Brown as the chief operating officer of its crypto division. The company announced the appointment in a statement on its website on Thursday. […]

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Blockchain Association executive debunks rumored crypto crackdown by Treasury

April 19, 2021

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A United States blockchain lobbying group executive says there is no danger of a crypto crackdown in the country. 13506 Total views 48 Total shares Kristin Smith, executive director of the Blockchain Association has dismissed fears that the United States Department of the Treasury was close to cracking down on Bitcoin (BTC) and cryptocurrencies. Indeed, […]

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Crypto wagering for online sports betting now legal in Wyoming

April 9, 2021

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The bill already signed into law legalizes online sports betting in the state with bookmakers permitted to accept cryptocurrency deposits from bettors. 4781 Total views 123 Total shares Wyoming has passed a new law legalizing online sports betting in the state with gamblers able to fund their accounts with bookmakers using cryptocurrencies. Governor Mark Gordon […]

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