United States | Crypto Profit Bot

State Street to launch crypto services for private funds clients

July 30, 2021

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After leading Lukka’s Series C funding round in late 2020, State Street partners with the firm to offer new digital asset services. 96 Total views 32 Total shares Major American financial services and bank holding company State Street Corporation is expanding its push into the cryptocurrency industry by launching new digital asset services. State Street, […]

Bitcoin Strategy ProFund aims to tackle regulatory barriers for investors

July 29, 2021

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Mutual funds provider ProFund aims to enable crypto exposure for investors without actually buying Bitcoin. 310 Total views 7 Total shares The United States-based investment management firm ProFunds announced the launch of Bitcoin Strategy ProFund (BTCFX), one of the first publicly available mutual funds or ETFs that performs in parallel with Bitcoin (BTC). ProFunds provides […]

Countries representing over 90% of global GDP are exploring CBDCs

July 25, 2021

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Governments around the world are pouring more resources into CBDC research and exploratory use cases. Among the major economies, China appears to be pulling ahead and has plans to implement digital-yuan usage during the 2022 Winter Olympics in Beijing. 6498 Total views 6 Total shares The quest to understand the opportunities and challenges of a […]

Fed and Yale researchers lay out 2 regulatory frameworks for stablecoins

July 18, 2021

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Yale Professor Gary B. Gorton and Jeffery Zhang of the Board of Governors of the Federal Reserve System have co-authored a 49-page paper called, “Taming Wildcat Stablecoins.” 5018 Total views 6 Total shares The Federal Reserve’s ongoing research into central bank digital currencies, or CBDCs, has broadened to include stablecoins and whether they can be […]

Four North American Bitcoin miners that could benefit from the East-West shift

July 18, 2021

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Even before China finally wielded the ban hammer on crypto mining, Bitcoin (BTC) miners in North America had been building up their capacity amid efforts to gain a larger share of the global hash rate distribution. From building bigger data centers to acquiring hardware inventories, these establishments have been making concert efforts to balance the […]

Tennessee city wants to accept property tax payments in Bitcoin

July 16, 2021

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Jackson Mayor Scott Conger believes that Bitcoin is the only solution to fix inflation and the U.S. dollar devaluation. 461 Total views 6 Total shares United States’ city of Jackson, Tennessee, continues exploring a potential dive into cryptocurrencies, now looking to accept Bitcoin (BTC) for property tax payments. Jackson Mayor Scott Conger announced late Thursday […]

SEC charges individuals connected to former iced tea-turned-mining company

July 9, 2021

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According to the regulatory body, an investor was tipped off that the company would be rebranded, a move that resulted in a huge surge in Long Blockchain’s stock price. 2551 Total views 8 Total shares The U.S. Securities and Exchange Commission has filed charges against three people accused of insider trading with the Long Blockchain […]

Fed chair met with Coinbase CEO Brian Armstrong and former House speaker in May

July 2, 2021

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Armstrong said he had spoken about China’s central bank digital currency with lawmakers and heads of federal agencies, believing it to be “a threat to U.S. reserve currency status long term.” 3711 Total views 7 Total shares Prior to the Federal Reserve announcing it would release a discussion paper on a central bank digital currency, […]

Binance faces regulatory upheaval as lawmakers target ‘global’ exchanges

June 29, 2021

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The world’s largest cryptocurrency trading platform, Binance, has faced regulatory upheaval over the past week as jurisdictions clamped down on the use of unauthorized exchanges and warned citizens against accessing them. For Binance, adopting the moniker of “global exchange” has done very little to appease regulators that require specific licenses to offer financial services to […]

‘Bitcoin will go all the way to $160,000 this year,’ says Celsius CEO

June 26, 2021

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The highs for Bitcoin are yet to be seen this year, says Alex Mashinsky. 33164 Total views 449 Total shares Although the price of Bitcoin (BTC) continues to hover around $30,000, industry experts are noting that there is a bullish long-term view. To put this into perspective, Alex Mashinsky, chief executive officer and co-founder of […]

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Category: United States