Crypto hedge fund Nickel Digital Asset Management cycled into a cash position following the crypto market collapse of May. According to Bloomberg, the $200 million crypto hedge fund led by JPMorgan and Goldman Sachs alumni redeployed its capital in anticipation of another explosive price run for cryptocurrencies. Prior to piling into a cash position, Nickel Digital …
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The latest project from one of wallet provider Xapo’s co-founders, Federico Murrone, has secured the go-ahead from Liechtenstein’s financial regulator for his new startup Lirium to provide its crypto solution for banks, fintechs and marketplaces worldwide. The project, called Lirium, offers a plug & play backend solution that aims to enable various partners – whether they be neobanks, …
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Bithumb, a major South Korean cryptocurrency exchange, is moving forward with trading restrictions for its employees by banning its staff from trading on its platform. According to an official Friday announcement, Bithumb will completely ban its employees from buying or selling crypto using a Bithumb account starting this month. The restriction intends to strengthen internal …
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Huobi Global, currently the world’s second-largest crypto exchange by daily traded volume, has introduced a 24-hour token withdrawal delay for all over-the-counter (OTC) trades. The decision strikes a blow to all Huobi users, some of whom will moreover be prevented from withdrawing their tokens for as long as 36 hours if the exchange’s assessment system …
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As the new month kicks off, crypto analyst and trader Michaël van de Poppe is eyeing Cardano (ADA), Chainlink (LINK) and four additional altcoins. Van de Poppe tells his 348,000 Twitter followers that Ethereum competitor Cardano is looking strong against Bitcoin (BTC), holding support at 0.000039 (3,900 sats) on the ADA/BTC chart. ADVERTISEMENT The …
Binance, the leading cryptocurrency exchange by trade volume, continues facing scrutiny from regulators regarding the legality of its operations in certain countries. Thailand’s Securities and Exchange Commission (SEC) and the Cayman Islands Monetary Authority (CIMA) are the latest financial regulators to announce a regulatory crackdown on Binance. Thai SEC announced Friday that the agency had …
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Eagle eyed denizens of Crypto Twitter have spotted a mistake in the NFT of the web’s source code famously auctioned at Sotheby’s this week. The auction of “This Changed Everything” on June 30 with a $5.4 million sale and was offered by its inventor, Sir Tim Berners-Lee. The NFT dubbed consists of four elements: the …
An oversubscribed funding round has netted the Mintable nonfungible token (NFT) minting platform and marketplace a cool $13 million. The Series A funding round for the Singapore-based startup included some big name participants including Ripple, mobile and blockchain gaming developer Animoca Brands, and Metapurse, the world’s largest NFT investment fund. Ripple put out an announcement …
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Bitcoin Cash ABC (BCHA), the embattled cryptocurrency project that has forked away from both Bitcoin and Bitcoin Cash, has rebranded to eCash (XEC). The project’s re-launch will see it integrate proof-of-stake consensus layer “Avalanche,” introducing staking and greatly increasing the speed of transactions. eCash will also reduce its decimal places down from eight to two, …
The Republic of San Marino has approved VeChain’s NFT-based vaccination passport, which is reportedly verifiable worldwide. The small European nation with a population of just over 33,000 announced the approval of the ‘Decree-Law No. 109 of 16 June’ earlier today, which enables the rollout of a vaccination passport dubbed the “San Marino Digital Covid Certificate.” …
Payments platform Strike has announced that it will allow U.S. customers to buy and sell Bitcoin with almost no trading fees from today. In an announcement on July 1, Strike founder and CEO Jack Mallers launched a salvo at leading U.S. cryptocurrency exchange Coinbase, stating that his platform will set out to be the “cheapest …
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The number of addresses active on the Bitcoin network has crashed roughly 60% in the past six weeks from 1.3 million to roughly 500,000. The collapse in activity has seen Ethereum overtake Bitcoin by number of active addresses, with the Ethereum network hosting roughly 200,000 more active wallets than Bitcoin on July 27. It is …
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Ether’s (ETH) $1.5 billion monthly expiry on June 25 was slightly favorable for bears, and at the time, Cointelegraph reported that the $2,200 price was critical to eliminate 73% of the neutral-to-bearish put options. However, bulls were not able to sustain their advantage because the expiry price was near $1,950. In the end, the protective …
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The launch of the energy efficient Ethereum 2.0 network will popularize the proof-of-stake consensus mechanism and make staking yields a more attractive source of income for both institutional and retail investors according to a new JPMorgan report. The authors estimate that holders of staked coins on PoS blockchains are currently generating some $9 billion in …
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The global Bitcoin mining sector has reached a 56% sustainable power mix in Q2, according to estimates from a Bitcoin Mining Council (BMC) report. “Bitcoin mining uses a negligible amount of energy, is rapidly becoming more efficient, and is powered by a higher mix of sustainable energy than any major country or industry,” a July …
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