A founder of Chinese mining pool Poolin predicted that the price of Bitcoin could reach nearly $740,000. Zhu Fa, co-founder of Poolin, a Chinese-based crypto mining pool, predicted that the Bitcoin (BTC) price could hit 5 million Chinese yuan ($738,000 (USD), crypto news outlet 8BTC reported on Feb.11. While Zhu noted that “it now feels […]
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The Liechtensteinian postal service will offer crypto exchange service in one of its offices in Vaduz starting this week. Liechtensteinische Post AG, the country’s official postal service, plans to offer cryptocurrency exchange services at their physical locations, according to an official announcement published on Feb. 14. The postal service will allow customers to exchange their […]
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The chief financial officer of crypto exchange Binance — currently the world’s largest by daily traded volume — has said business remains profitable, despite the market downturn. The chief financial officer (CFO) of crypto exchange Binance — currently the world’s largest by daily trading volumes — has said business remains profitable, despite the market downturn. […]
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With a few notable exceptions, most of the top 20 cryptocurrencies by market cap are fluctuating 2 percent in either direction on the day. Wednesday, Feb. 13: Cryptocurrencies are seeing tempered price action overall. With a few notable exceptions, most of the top 20 coins by market cap are fluctuating 2 percent in either direction […]
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Chinese Bitcoin billionaire Zhao Dong predicts the crypto spring will only come in 2020, while crypto summer will not arrive until 2021. Chinese alleged Bitcoin (BTC) billionaire Zhao Dong believes that the crypto spring will only come in 2020. His opinion, shared in a public chat in local messenger WeChat, was cited by Chinese crypto […]
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Crypto investors and miners are turning to derivatives such as options in an attempt to survive the protracted market downturn. Crypto investors and miners are turning to derivatives such as options in an attempt to survive the protracted market downturn, a Bloomberg piece argues on Feb. 13. The article presents the increasing popularity of complex […]
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U.S.-based blockchain intelligence firm Chainalysis has raised $30 million in a Series B round led by Accel, citing the stablecoin sector as a positive source of momentum. New York-based blockchain intelligence firm Chainalysis has raised $30 million in a Series B funding round led by venture capital giant Accel, the company confirmed in a post […]
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According to venture capitalist Jalak Jobanputra, venture capital valuations have been hit hard by depressed cryptocurrency prices. Venture capital (VC) valuations have been deeply affected by the cryptocurrency bear market, says Jalak Jobanputra, founding partner of Future Perfect Ventures, in an interview with Forbes’ Balancing the Ledger on Feb. 11. Founded in 2014 in New […]
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The world’s biggest crypto exchanges are launching OTC desks for institutional investors. Institutional investment is increasingly being seen as the future of crypto trading, with both Binance and Bittrex launching their own dedicated over-the-counter (OTC) desks in January. The desk launches come after Morgan Stanley published a bullish report in November, showing a strong pattern of institutional investment […]
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The mystery around embattled crypto exchange QuadrigaCX deepens, and Facebook acquires a blockchain startup. Top Stories This Week Facebook Reportedly Acquires Blockchain Startup in First Blockchain-Related Acquisition Social media network Facebook has reportedly acquired blockchain startup Chainspace in its first apparent blockchain-related acquisition. According to news outlet Cheddar, the acquisition is considered an “acquihire,” or […]
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