Data shows that whales and institutional investors accumulated Bitcoin throughout its 2-year long bearish phase, should retail investors follow? Data from CoinMetrics shows that crypto whales now hold 42.1% of Bitcoin’s current supply. This is a slight increase compared to 37.9% two years back and analysts have interpreted the increase as a positive sign, as […]
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New York-based blockchain analytics firm Chainalysis is set to provide crypto exchange Bitfinex with its Anti-Money Laundering compliance solution. New York-based blockchain analytics firm Chainalysis is set to provide crypto exchange Bitfinex with its Anti-Money Laundering compliance solution. In a press release published on Dec. 12, both firms took pains to stress that the solution […]
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Uphold and SALT form partnership to bring liquidity to millions of crypto holders through crypto-backed loans. Uphold, a digital money platform providing access to investments and payments using blockchain technology, has announced a partnership with crypto-backed lending company Salt. Together, the two plan to provide users with cash or stablecoin loans using cryptocurrencies as collateral. […]
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Several altcoins are on the verge of resuming their downtrend. What are the critical levels to watch out for going into mid-December? Paris-based asset management firm Napoleon AM has announced the launch of a specialized professional fund under French law, the Napoleon Bitcoin Fund. The fund would replicate the price of the cash-settled Bitcoin futures […]
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A curious implementation favors three lesser-used stablecoins, executives shunning Tether, which is by far the industry’s most popular option. Controversial cryptocurrency payment processor BitPay has announced it is adding three stablecoins to its list of supported tokens. In a press release on Dec. 10, BitPay confirmed businesses could now accept payment in USD Coin (USDC), […]
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Israeli-based fintech and crypto firm Simplex now supports two new fiat currencies — the Japanese yen and the Canadian dollar. Israeli-based fintech and cryptocurrency firm Simplex now supports two new fiat currencies — the Japanese yen (JPY) and the Canadian dollar (CAD). Following the addition, users at some of Simplex’s partner exchanges such as Binance […]
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After a lengthy period of consolidation, many cryptocurrencies appear to be setting up for a large move within the next few days. China could start its pilot for the central bank digital currency (CBDC) before the end of this year, according to local news outlet Caijing. The article states that the anticipated pilot project “will […]
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Crypto markets have continued to rebound after a sharp sell-off on Dec. 4, with Bitcoin briefly reclaiming $7,500. Friday, Dec. 6 — crypto markets have continued to rebound after a sharp sell-off on Dec. 4, with Bitcoin (BTC) briefly reclaiming $7,500. The bullish momentum is observed across all the top 20 cryptocurrencies by market capitalization, […]
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Bitcoin futures-focused NYDIG Bitcoin Strategy Fund has procured approval from the U.S. SEC, entitling it with the right to offer its shares to institutional investors. Bitcoin (BTC) futures-focused NYDIG Bitcoin Strategy Fund has procured approval from the United States Securities and Exchange Commission (SEC), entitling it with the right to offer its shares to institutional […]
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Coinbase Card, a crypto-powered Visa debit card by Coinbase exchange, now supports Dai, a stablecoin pegged to the United States dollar. Coinbase Card, a crypto-powered Visa debit card from major crypto exchange Coinbase, now supports Dai (DAI), a stablecoin pegged to the United States dollar. According to a blog post on Dec. 6, Dai is […]
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