A fintech-positive U.S. banking regulator sees a role for private companies in providing better banking services. The United States Acting Comptroller of the Currency, Brian Brooks, recently expressed his willingness to embrace fintech solutions in an interview with CNN. Brooks, who was formerly Chief Legal Officer at Coinbase, explained that his job now was to […]
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The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult. Cryptocurrencies — and Tether (USDT) in particular — could be playing a key role in recent capital flight from China, according to a new report from blockchain analytics firm Chainalysis. The report states that over 44% […]
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INX will run the first SEC-registered security token offering in its IPO aiming to raise $111 million. Gibraltar-based crypto exchange INX will launch its long-awaited initial public offering (IPO) on Aug 24, 2020, after a two year journey. The exchange aims to sell 130 million tokens at $0.90 netting up to $111 million after expenses […]
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Akoin president Jon Karas says Akon’s crypto city could be the proving ground African economies need. The businessman behind Akon City, the 2,000-acre crypto project in Senegal ‘powered by’ Akoin tokens, has explained how the futuristic $6 billion city will work. Co-founded with singer Akon, the whitepaper for the Akoin cryptocurrency published in March, says […]
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Axie Infinity is now the 11th-ranked NFT game by lifetime trade volume following a surge in players eager to get their hands on the platform’s governance token. DeFi is converging with non-fungible tokens (NFTs), with the Ethereum-powered game Axie Infinity seeing a spike in users ahead of the expected launch of the project’s governance token. […]
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Grayscale notes that long term holders are increasingly dominating the Bitcoin markets over short-term speculators, driving demand relative to supply. A new report by crypto fund manager Grayscale Investments argues that the current Bitcoin (BTC) market structure “parallels that of early 2016 before it began its historic bull run.” Grayscale predicts that demand for Bitcoin […]
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The UK’s Financial Conduct Authority has granted licenses to two crypto exchanges operating in the country, Archax and Gemini. The UK’s Financial Conduct Authority has granted operational licenses to two cryptocurrency exchanges operating in the country: digital security exchange Archax and the UK branch of the Winklevoss twins’ Gemini exchange. According to the Financial Conduct […]
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Is Russia harming its economy by banning crypto payments? As Russia is about to officially ban crypto payments within its borders starting on Jan. 1, 2021, Cointelegraph tracked down some senior executives in the crypto industry to talk about the implications of such a ban. Russia’s primary crypto opponent is Anatoly Aksakov, a member of […]
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Derivatives data and other key metrics show pro traders remain strongly bullish on Bitcoin despite the recent rejection at $12.4K. Bitcoin’s (BTC) recent rejection at $12,400 triggered $234 million in futures contract liquidations across derivatives exchanges. Despite a 30% rally in the past 30 days, maintaining the $11,700 level as support is undecided. Bitcoin hasn’t […]
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With crypto trading products appearing ahead of the legacy financial curve, it’s only a matter of time before they enter the mainstream. In 2017, many traders and investors flocked to cryptocurrencies because they were attracted by the kind of returns not available in the less-volatile traditional markets. However, volatility inevitably comes with risks as well […]
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