Japan’s financial regulator, the Financial Services Agency (FSA), has started discussions around imposing stricter regulations for cryptocurrencies in an effort to provide better protection to Japanese investors. Back in July, the FSA established a dedicated section, as well as a panel of financial experts to help the government oversee digital and decentralized finance. The agency …
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The return of Fame Lady Squad The Fame Lady Squad (FLS), a nonfungible token (NFT) avatar project purporting to have been created by an all-female team, is set to re-launch today with a new team after it was uncovered that three Russian men were behind the project earlier this month. SO EXCITING!! pic.twitter.com/V1LKgIU34c — Cadboros …
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Monero (XMR), the largest privacy-focused cryptocurrency by market capitalization, has posted a 20% price surge following the launch of the Atomic Swap implementation program last week. On Friday, the Monero Project officially announced a rollout of the Atomic Swap implementation developed by the cross-blockchain protocol COMIT, aiming to simplify trades between XMR and Bitcoin (BTC). Following …
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HodlX Guest Post Submit Your Post The US has one of the lowest cryptocurrency adoption rates, according to Finder’s global cryptocurrency adoption report, which compares ownership rates across 27 countries. A survey of over 42,000 people across the 27 countries reveals that just 9% of Americans report owning cryptocurrency, which is 10% less than the …
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Cardano and Algorand lead another week of gains for digital assets. Bitcoin has once again passed the key milestone of $50K after a week that saw some of the biggest global corporations make moves on the digital asset market. Retail giant Walmart posted a job for a crypto expert to investigate virtual payment options, Facebook …
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Major publicly-listed Bitcoin mining firm, Riot Blockchain, has reported record revenues for Q2 2021. In its Aug. 23 quarterly financial report, the U.S.-based firm reported $31.5 million in mining-related revenues for the three-month period — up roughly 1,540% from its Q2 2020 revenue of $1.9 million. The surging mining revenues drove a record quarterly net …
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Coinbase president and COO, Emilie Choi, has announced that the reserves backing the stablecoin USD Coin (USDC) will be consolidated into cash and U.S. government treasuries. An Aug. 22 blog post from CENTRE Consortium, the entity that was collaboratively established by top U.S. crypto exchange Coinbase and blockchain financial services company Circle that issues USDC, …
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Crypto derivatives exchange, FTX, has purchased the naming rights to California University’s Cal Memorial Stadium with a view to introducing its own branding. The Sam Bankman-Fried owned derivatives exchange is delving deeper into sports after signing a 10-year, $17.5 million naming rights deal with the university. The stadium’s home team, the Cal Golden Bears, will …
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Institutional investors are loading up on Solana (SOL), with one-third of inflows to crypto investment products being invested in instruments tracking Solana this past week. According to CoinShares’ Aug. 23 Digital Asset Fund Flows Weekly report, $7.1 million flowed into Solana investment products between Aug. 15 and Aug. 20. While the price of SOL gained …
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Online casino portal GamblersPick talked to 1,000 US investors about the amount of crypto they own, how they have financed their portfolios and what they choose to forgo in order to maintain their investment. Based on survey results, investment calls were made mostly after consulting Reddit, since over a third of crypto holders reported getting …
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Cardano continues its stunning run of form, gaining 8% in the last 24 hours to $2.83 at the time of writing. Plus a staggering 136% increase in value in the last month. Friday just gone saw it re-reach its previous all-time high of $2.50. That day, plus the following Saturday, saw strong resistance preventing ADA …
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Economics Professor Jason Potts is co-director of the Blockchain Innovation Hub at RMIT University. He sees blockchain technology as a fundamental institutional technology revolution comparable to the emergence of companies and the internet — perhaps even as world-changing as the invention of electricity. What’s the last big technological change that had the same sort of …
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Ethereum makes up a large part of crypto-asset manager Grayscale’s portfolio. In a recent report, it shows that Grayscale now has over 3 million ETH in its asset under management (AUM), amounting to more than $10 billion. This makes the asset manager one of the largest holders of Ethereum in the space. Related Reading | Crypto …
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Coinbase’s global tax VP has condemned Congress’s controversial decision to introduce crypto tax provisions into the infrastructural bill. They warned that this bill might impact 20% of the U.S population, which is like 60 million Americans. The VP of tax leveraged the rushed crypto provisions added to Congress’s bipartisan infrastructure bill. Lawrence Zlatkin slammed lawmakers …
Bitcoin price is back above $50,000 and its return to the key resistance level has brought a potential bull market fractal back into focus. The bullish fractal in question suggests that another leg up in the crypto bull cycle is coming, matching the epic 2013 rally grand finale. If the potentially repeating price pattern playing …
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