Meltem Demirors, the chief strategy officer (CSO) of cryptocurrency investment firm CoinShares, is saying digital assets have done “exceptionally well” in 2021 even after retreating from their record highs. Demirors says in a Yahoo Finance interview that one of the factors driving the crypto market correction is the expectation that, based on history, the bull …
Yearly archives: 2021
Survey shows 44% of student loan borrowers plan to invest in crypto or NFTs
Since the onset of the student loan freeze in the US in March 2020, 18% of borrowers have been using the extra money to invest in crypto or NFTs, a recent study showed. College Finance, a company that provides information about student financing options, polled over 1.000 borrowers to investigate how are they preparing for …
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Binance announces implementing a new auto-burn procedure for Binance Coin (BNB)
Going forward, Binance will be implementing a new automated protocol for removing Binance Coin (BNB) tokens from circulation–replacing the old quarterly burn procedure. The last BNB quarterly burn removed 1.335.888 tokens from circulation, according to the crypto exchange’s official blog announcement. Effective immediately According to the announcement, the decision to implement the new BNB auto-burn …
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Coinbase CEO sued over allegedly stealing a blockchain startup’s work
Blockchain accelerator MouseBelt labs has recently filed a complaint against Coinbase CEO Brian Armstrong in California’s Supreme Court. The complaint comprises the blockchain accelerator accusing Armstrong of falsely stealing the work of one of its projects by pretending to be an investor in disguise. The lawsuit alleges that Armstrong offered to invest in Knowledgr, …
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Microstrategy CEO Foresees Bitcoin’s Price Reaching $6 Million
The CEO of Microstrategy expects the price of bitcoin to reach $6 million, noting that it is “unstoppable” and will replace gold. The executive personally owns 17,732 bitcoins while his company is hodling 122,478 bitcoins. Microstrategy’s CEO Expects Bitcoin to Hit $6 Million Microstrategy CEO Michael Saylor talked about his bitcoin strategy and BTC price …
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Accounting Firm PWC’s Hong Kong Branch Purchases Land in The Sandbox Metaverse
On Thursday, Pricewaterhouse Coopers’ (PWC) Hong Kong unit announced that it purchased a land site in The Sandbox metaverse. The PWC Hong Kong branch will be the first internationally recognized professional services brand to enter The Sandbox metaverse. PWC Hong Kong Enters the Metaverse While land located next to Snoop Dogg’s Sandbox plot has sold …
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FBI Collaborates With Citibank, Sony, Japanese Authorities to Seize $180 Million in Bitcoin
The Federal Bureau of Investigation (FBI), in collaboration with Citibank, Sony, and Japanese law enforcement, has taken action to “return more than $154 million in funds that were allegedly stolen from a subsidiary of Tokyo-based Sony Group Corporation.” The U.S. Department of Justice detailed: “As a result of this coordinated effort, investigators obtained the ‘private …
Top Analyst Says One Metaverse Altcoin and Two Additional Crypto Assets Set for Eruptions
A closely followed crypto analyst says that one metaverse token and two additional altcoins are setting themselves up to skyrocket. The pseudonymous analyst known as Altcoin Sherpa tells his 158,000 followers that SAND, the native token of virtual world The Sandbox, has superb technicals that could trigger a second wave of metaverse rallies. “SAND: This …
Here Are Seven Reasons Why the Crypto Bull Run Will Extend Well Into 2022, According to Trader Lark Davis
Popular crypto analyst Lark Davis thinks the Bitcoin (BTC) and overall crypto market bull run will extend well into 2022. Davis tells his 779,600 Twitter followers that he has seven reasons why he’s optimistic about a price surge next year. First, he thinks it’s likely that US regulators will approve a Bitcoin spot exchange-traded fund …
On-Chain Analyst Willy Woo Says Bitcoin Approaching ‘Off-to-the-Races’ Phase – Here’s His Timeline
Closely followed crypto analyst Willy Woo says that Bitcoin (BTC) is moving toward a major breakout phase. In a new interview with crypto channel host Scott Melker, Woo says that even though BTC is still recovering from the most recent crypto market pullback, it’s gearing up for a massive rally that should kick off during …
US Credit Unions Looking for Regulatory Approval To Hold Crypto Assets: Report
US credit unions are anticipating being able to directly hold Bitcoin (BTC) and other crypto assets following an announcement from the National Credit Union Administration (NCUA). The NCUA, which monitors over 9,500 federal credit unions across the US, says in a letter that federally insured credit unions may allow their members to buy, sell and …
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Argo Blockchain among most traded stocks by Fidelity customers
Financial services company Fidelity Investments’ U.K. arm reported that over the last 12 months, customers were most interested in trading shares of crypto mining firm Argo Blockchain. In a Thursday report, Fidelity said Argo Blockchain ranked third among the top five stocks most actively traded by its customers in 2021 — the others were Rolls-Royce, …
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3 embroidery artists weave NFT charity drop to help victims of human trafficking
Three embroidery artists — Russia’s Katerina Marchenko, Brazil’s Aline Brant and Ninni Luhtasaari of Finland — announced Thursday that they will be auctioning their nonfungible token (NFT) art pieces to support Hope for the Future (HFTF), a registered charity based in Austria. Proceeds from the auction will help victims of human trafficking find entry-level work …
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US lawmaker planning to introduce comprehensive crypto bill in 2022: report
Wyoming Senator Cynthia Lummis, one of the United States lawmakers behind many pro-crypto pieces of legislation, is planning to introduce a comprehensive bill next year to handle digital assets. In a Thursday report, Bloomberg said Lummis’ proposed bill aimed to provide regulatory clarity on stablecoins, guide regulators as to which cryptos belong to different asset …
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PwC Hong Kong purchases land plot in The Sandbox
PwC Hong Kong, an international subsidiary of the global PricewaterhouseCoopers (PwC) organization, announced Thursday its emergence in the metaverse space with the acquisition of LAND in the popular world The Sandbox. Though the cost of its LAND asset was undisclosed, it was noted that PwC Hong Kong intends to construct a Web 3.0 advisory hub …
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