Payments giant highlights growing crypto card adoption. ETH suffers a power ledger blow. DOGE slumps as critics round on Musk. AXS outperforms. VISA Payments giant VISA has reported that over $1 billion worth of cryptocurrency has already been spent in 2021 by global consumers using crypto-linked Visa cards. Visa Chief Financial Officer Vasant Prabhu told …
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The Federal Bureau of Investigation (FBI) has issued a warning that cybercriminals are increasingly targeting crypto exchanges, third-party payment platforms as well as private owners of digital assets. In a warning first reported by Bleeping Computer, the FBI says cybercriminals are employing various techniques such as identity theft in order to gain access to their …
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S&P Dow Jones Indices, the leading index provider of some of the world’s largest equity benchmarks, has launched a new cryptocurrency index that tracks the performance of the broader digital asset market. The S&P Cryptocurrency Broad Digital Market Index, labelled BDM, tracks more than 240 digital assets at launch and represents an expansion of the …
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Seasoned trader Peter Brandt says the price of Bitcoin will not soar higher until the flagship cryptocurrency can surmount a rally to take out crucial resistance areas. Brandt says that Bitcoin has been stuck in a range roughly between $30,000 and $40,0000 for over three weeks, indicating that bulls are not in control of the …
The bank of New York Mellon, America’s oldest bank, has signed an agreement with cryptocurrency asset manager Grayscale Investments to provide a set of services to its flagship Bitcoin (BTC) investment product. Grayscale officially announced Tuesday that it selected BNY Mellon as an asset servicing provider for Grayscale Bitcoin Trust (GBTC), a major digital currency …
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Provenance will utilize Bison Trails’ infrastructure to strengthen its network and provide support to Hash holders to run validator nodes, according to June Ou, the executive director at Provenance Blockchain Foundation. Hash is the native cryptocurrency of the Provenance blockchain, serving both as a medium of payment as well as a governance token. “We’re proud …
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Bitcoin (BTC) fell to support which could determine a $30,000 retest on July 13 as bulls failed to make their case for fresh gains. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls see $33,000 slip away Data from Cointelegraph Markets Pro and TradingView showed another lackluster performance for BTC/USD on Tuesday, with local lows at …
India’s stance on crypto adoption has been a gray area ever since the birth of Bitcoin (BTC). In what seems like another blow for the Indian crypto community, one of the biggest financial services, ICICI Bank, has warned users not to use their remittance services for transferring any form of crypto or digital currency. In …
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Sam Bankman-Fried, CEO of crypto derivatives exchange FTX, doesn’t agree with opinions about the impact of the upcoming Grayscale Bitcoin Trust (GBTC) unlock. About 40,000 BTC worth more than $1.32 billion will be unlocked from the Grayscale Bitcoin Trust this month, and analysts at JP Morgan have predicted that it could be a bearish catalyst …
FTX has become the latest crypto exchange service to join ClearLoop — an instant trading settlement infrastructure from Brevan Howard-backed Copper.co. As part of the integration, Copper’s over 300 institutional asset managers will be able to access FTX crypto offerings such as cryptocurrency futures, options, volatility markets, as well as tokenized stocks among others. At over …
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The Bank of England (BoE)’s latest Financial Stability Report, released twice yearly, acknowledges that increased crypto trading action and price volatility in 2021 signals that the sector is harboring “potential pockets of exuberance.” The report notes that the top market cryptos, Bitcoin (BTC) and Ether (ETH), saw a sharp appreciation in value over the 12 …
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OK Group, a blockchain technology firm formerly behind cryptocurrency exchange OKEx, will start working with Chinese authorities to combat money laundering using blockchain technology. The company’s settlement-focused subsidiary OKLink has reached a partnership with Nanjing Public Security Research Institute to collaborate on applying blockchain tech for Anti-Money Laundering purposes. The institute announced that the partnership will …
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Eun Sung-soo, chairman of South Korea’s Financial Services Commission (FSC), has said that foreign crypto exchanges that deal in the Korean won must comply with the country’s Anti-Money Laundering standards. According to The Korea Herald on Tuesday, Eun made these comments while fielding questions from lawmakers about the FSC’s plans to regulate crypto exchange giant Binance. …
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A popular crypto analyst and trader believes that Bitcoin (BTC) and Ethereum (ETH) are poised for huge breakouts amid the bearish sentiment in the digital asset markets. The pseudonymous analyst known in the industry as Smart Contracter, tells his 154,900 followers that Bitcoin is forming a bullish pattern indicating that a move to the upside …
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Australia’s Minister for Industry, Science and Technology announced 5.6 million Australian dollars ($4.2 million) in grants to two blockchain-focused companies including traceability firm Everledger and technology consulting startup Convergence.tech. Everledger, a company focused on building a global registry for diamonds, has received 3 million AUD ($2.2 million) to investigate blockchain technology’s use cases for creating digital …
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