Cryptocurrency is conquering the electronic world. Many who appreciate its benefits have quit their main job and devoted themselves to trading. It has long become history that time when trading on stock exchanges was available only to a narrow circle of people, brokers who, buried in piles of securities, monitored the price movement of certain …
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Wall Street giant Goldman Sachs says that investment firms that cater to the wealth of the super-rich are expressing interest in investing in cryptocurrencies. A survey by the investment banking behemoth shows that 45% of family offices from multiple regions want to invest in cryptocurrencies. ADVERTISEMENT Asia-based family offices lead this group with 68% …
Authorities have arrested a citizen from the United Kingdom who is allegedly connected to a massive Twitter hack in 2020 that compromised over 100 popular accounts. Joseph O’Connor is the fourth person to be charged in connection with the hack, which cracked the Twitter accounts of President Joe Biden, former President Barack Obama, Bill Gates, …
JP Morgan is reportedly now allowing wealth management clients to access institutional Bitcoin and crypto funds. Business Insider obtained an internal memo from JP Morgan that indicates the bank’s wealth management clients can now take buy and sell orders for Grayscale Bitcoin Trust, Bitcoin Cash Trust, Ethereum Trust, Ethereum Classic products, and Osprey Funds’ Bitcoin …
The Rangers Protocol has opened its testnet to users aiming to provide an Ethereum Virtual Machine-compatible solution that supports cross-chain contract interoperability. In a Friday announcement, the Rangers Protocol said it had successfully migrated its first Dapp to the testnet which went live on July 19. The project migrated an Ethereum-based lending protocol, BlueStone, to …
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Few things in the cryptocurrency space generate more hype than a new token listing because the prospect of finding a rare 1000x coin continues to be a top goal of many crypto investors. Coin98 (C98) is the most recent example of this phenomenon after the Binance Smart Chain-based decentralized finance (DeFi) solution rallied 1,200% from …
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Protesters calling themselves the Popular Resistance and Rebellion Block have come out against El Salvador’s government passing a law making Bitcoin legal tender. A Tuesday tweet from local news outlet El Mundo shows El Salvadorians carrying banners saying “no to Bitcoin” in the streets of San Salvador demanding a repeal of the country’s Bitcoin law. …
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Social media platform Reddit announced it would be using scaling solution Arbitrum to handle scaling its Ethereum-based Community Points system. In a Thursday announcement, Reddit administrator jarins said the platform had launched its own layer-2 rollup using Arbitrum technology for its rewards points. Reddit said it had deployed the layer-2 solution on top of the …
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The global chief investment officer of investment giant Guggenheim Partners Scott Minerd is warning that Bitcoin’s support level at just above $31,000 could crumble. Speaking to Bloomberg, Minerd says Bitcoin’s slide to around $29,500 earlier this week might have been a “false breakdown,” and he sees the flagship cryptocurrency falling even further. ADVERTISEMENT “The market …
Bitcoin’s (BTC) recovery is facing resistance near $32,500, suggesting that the ride higher may not be an easy one. However, a positive sign is that demand for cryptocurrencies remains strong and lower levels continue to attract buyers. A survey of 150 family office clients of Goldman Sachs shows that 15% have already invested in crypto-assets …
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Crypto trading platform FXT announced the launch of a BEP-20 token after its ERC-20 token witnessed an impressive 1,500% growth since its launch back in January. The new token, which is built on Binance Smart Chain, is designed to reduce transaction costs and settlement times compared with its Ethereum-based predecessor. In addition to increasing the altcoin’s …
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Crypto investors are betting big on real estate this year as the cryptocurrency market continues to grow. New York Digital Investment Group (NYDIG) recently conducted a survey that found that 46 million Americans own Bitcoin, equating to 22% of all adults. While optimistic, some cryptocurrency investors have expressed concerns regarding the security, custody and volatility …
Massena, a town in New York along the border with Canada, has placed a temporary suspension on new Bitcoin (BTC) mining operations in the area. According to a report by the Associated Press on Friday, Massena town officials mandated the 90-day moratorium on new Bitcoin mining activities due to aesthetic concerns. Steve O’Shaughnessy, a Massena …
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The Stellar Development Foundation reportedly wants to acquire payments giant MoneyGram. Citing people familiar with the matter, Bloomberg reports that the non-profit organization behind the blockchain payment platform Stellar Lumens (XLM) is working with Boston-based private equity firm Advent International on the potential acquisition. ADVERTISEMENT The two firms have already contacted MoneyGram, but a …
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Securities and Exchange Commissioner Hester Peirce has voiced concerns over the United States lagging behind global jurisdictions in adopting cryptocurrency exchange-traded funds (ETFs). During an online appearance at the Bitcoin (BTC) conference “The B Word,” Peirce pointed out that many other countries such as Canada have already been trading crypto ETFs, while the U.S. is still deciding …
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