Russia has officially legalized crypto trading this January but the government still doesn’t allow local banks to offer crypto services. Tinkoff, a major private bank in Russia, is struggling to offer cryptocurrency trading to its clients due to the central bank’s tough stance on digital assets. Tinkoff CEO Oliver Hughes said that the digital bank …
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One of the biggest Bitcoin critics, Russian official Anatoly Aksakov, said he wanted to buy Bitcoin before the ban, but the price was too high. Anatoly Aksakov, a member of Russia’s State Duma and a key spokesman for the country’s cryptocurrency legislation process, claimed that he has never owned any Bitcoin (BTC). Aksakov said that …
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Arcx has launched a new version of its “DeFi Passport,” Sapphire, promising the pseudonymous on-chain credit check will enable new decentralized finance products. Decentralized finance (DeFi) protocol Arcx has announced the launch of Sapphire v3, a DeFi passport allowing crypto users to pseudonymously build and verify their reputation on-chain. Announced June 2, the DeFi passport …
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Ripple believes records held by offshore exchanges will prove its executives did not violate Section 5 of the Securities Act by offloading XRP on the U.S. public. Ripple CEO Brad Garlinghouse and co-founder Chris Larsen, have filed a motion requesting the U.S. Securities and Exchange Commission investigate Bitfinex’s parent company, iFinex, and 14 other international …
Beijing residents should apply to participate in the lottery until midnight on June 7. The Chinese government is launching another digital yuan lottery to stimulate its ongoing digital currency trials, this time in the capital of Beijing. The Beijing Local Financial Supervision and Administration officially announced Tuesday that the government will distribute 40 million digital …
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The meme coin’s renewed surge comes shortly after a listing on Coinbase and renewed meme posting by Elon Musk on Twitter. Meme cryptocurrency Dogecoin (DOGE) gained more than 40% early on Wednesday morning, following its listing on Coinbase Pro and yet another flurry of tweets from self-appointed DOGE spokesperson Elon Musk. Coinbase announced the listing …
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You can now mine Ethereum using Norton’s cybersecurity software. Cybersecurity firm, NortonLifeLock, has launched Norton Crypto, a tool allowing consumers to “safely” mine cryptocurrency through its Norton 360 product. From June 3, select 360 users will be invited to join Norton’s early adopter program for Ethereum mining. Norton also plans to open up the mining …
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Budapest is set to erect a life-size bronze statue depicting Bitcoin creator Satoshi Nakamoto. The face features a reflective surface that symbolizes the unknown identity of Satoshi. Bitcoin’s anonymous creator Satoshi Nakamoto is set to be depicted in a life-size bronze statue in Budapest, the capital city of Hungary. According to local news outlet Hungary …
Former congressman Ron Paul believes Bitcoin should be regulated and taxed the same as money. Former presidential candidate and congressman Ron Paul has renewed calls for Bitcoin to be legalized as money and not taxed. Paul is a staunch libertarian and author of the Bitcoiner favorite “End the Fed,” who has advocated for the legalization …
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The controversial proposal is gaining the support of the big players. Ethereum solutions provider ConsenSys has pledged support for a Uniswap governance proposal to set aside tokens for a new decentralized finance (DeFi) fund for political lobbying. The proposal was made on May 27 by the Harvard Law School Blockchain and FinTech Initiative for the …
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The ECB’s annual euro report stressed that a digital euro may be needed to fight off the threat of “artificial currencies” from “foreign tech giants.” The European Central Bank has warned that a CBDC or digital euro may be required to head off the spectre of “artificial currencies” dominating cross-border payments. In ECB’s annual review …
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All eyes are on whether Bitcoin can flip $37,500 to support for a continuation of bullish momentum. Bitcoin (BTC) hit $38,000 on June 2 as a long-awaited bout of volatility saw a critical bull level return. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader has “strong belief” in upside incoming Data from Cointelegraph Markets Pro …
Continue reading “Bitcoin hits $38K as BTC price breaks above ‘line in the sand’ resistance”
The $25 million fund will be used to support Miami-based blockchain startups developing digital payment solutions on the Algorand network. Borderless Capital’s support for Algorand-based development has taken another incremental turn with the venture capital firm launching a new $25 million fund in Miami. In an announcement on Wednesday, the investment firm stated that the …
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A new joint venture with the owner of the first licensed Hong Kong exchange will focus on institutional clients in the U.K. and Europe. United Kingdom based multinational banking and financial services company Standard Chartered (StanChart) is launching a cryptocurrency exchange, reports say. According to Reuters on June 2, StanChart has partnered with Hong Kong …
Investors like the looks of proof-of-stake coins, while Ethereum leads the way. A new report from analytics firm Coinshares shows that while the market dip may not have ended, prices are now at levels where stock market investors are once again showing signs of interest in digital asset funds. A report published yesterday from Coinshares …
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