Regulatory body buys itself a further six months to process submitted applications. The United Kingdom’s Financial Conduct Authority has issued temporary registrations to crypto asset companies which have already submitted applications but not yet been processed. According to a Dec. 16 announcement, this will allow the companies to continue trading for an extended period until […]
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Japanese financial services firm SBI has acquired a 90% stake in trading firm B2C2, hopes to attract institutional investors into crypto. Japanese financial giant SBI has completed another cryptocurrency-related acquisition in a move to bring more adoption to the industry. SBI Financial Services, a subsidiary of SBI Holdings, has acquired a United Kingdom-based crypto trading […]
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A summary of macro investment performance since 2011 underscores Bitcoin as the ultimate winning punt. Bitcoin (BTC) is “eating the world” thanks to ten-year returns of over 6,200,000% and annualized returns of roughly 200% per year, investment strategist Raoul Pal has said. In a tweet on Dec. 15, Pal revisited his oft-quoted phrase as new […]
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The price of BNT, the native token of the Bancor protocol, spiked by 86% in two days. The price of BNT, the native token of Bancor, surged 86% in merely two days from $1.02 to $1.919. The rally was fueled by a combination of Coinbase listing BNT and the growing volume of Bancor’s DEX. The […]
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Speaking at a DeFi summit, Compound Finance founder Robert Leshner is confident that CeFi will embrace DeFi. Compound Finance founder, Robert Leshner, says that CeFi will inevitably embrace DeFi and there are signs it is already occurring. Speaking at the REDeFiNE TOMORROW — Global DeFi and Blockchain Virtual Summit in Bangkok, Thailand today, Leshner aired […]
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Anonymous sources claim that President Trump is sympathetic to the Free Ross campaign and is considering clemency for the Silk Road founder. According to The Daily Beast, outgoing U.S. president Donald Trump is considering granting clemency to Ross Ulbricht — the founder and operator of the pioneering darknet market, Silk Road. Ulbricht was arrested in […]
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Asset managers around the globe are losing confidence in the dollar, encouraging them to seek out inflation-resistant investments for their clients. A new survey of global fund managers reveals that Bitcoin has climbed in the rankings of “most crowded trade” beating out traditional investments like gold and bonds. Bitcoin was third on the overall list […]
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Malta’s plan to become a”‘blockchain island” appears to have stalled, with few retail banks indicating a willingness to work with crypto firms. Malta’s Finance and Employment Minister, Clyde Caruana, has revealed that the nation’s plan to become a “blockchain island” is floundering due to the unwillingness of local banks to work with innovative firms. Speaking […]
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A Montana-based crypto miner has asked a court to dismiss a lawsuit over $3.7 million in unpaid electricity bills on the basis that it sold its assets in 2018. Project Spokane, a Montana-based mining firm that has been sued by tribal-owned electricity company Energy Keepers Inc. for $3.7 million in unpaid power bills, claims the […]
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“It is unacceptable that in the face of a scam like this there hasn’t been a strong reaction on the part of the judicial authorities.” A lawyer representing users in one of four class-action lawsuits against Spain-based crypto trading bot developer Arbistar is calling for authorities to take “forceful” action against its CEO. According to […]
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