After numerous extensions, Celsius’s equity crowdfunding raise has attracted 1,000 investors and more than $20 million. Blockchain-based lending platform Celsius (CEL) Network has raised $20.17 million from more than 1,000 investors with one day to go in its recently extended crowdfunding offering. The most recent extension occurred long after passing the $17 million ‘target’, which […]
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The number of Bitcoin whales has hit a new all-time high, signalling that BTC is still in an accumulation phase. In recent weeks, the number of Bitcoin (BTC) addresses holding over 1,000 BTC — often referred to as “whales” — rapidly increased to around 2,088. This trend started shortly after Bitcoin price crashed to $3,600 […]
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FTX exchange demonstrates retail expansion aspirations as it acquires the number one crypto app. Blockfolio is off the table, and with it goes the second — and arguably final — opportunity for a crypto exchange to add millions of existing retail users to its ecosystem. Following Binance’s acquisition of CoinMarketCap (CMC) earlier this year, crypto […]
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It’s like BNB only better, says supposed-Bitcoin maximalists. On August 24, INX launched a tokenized initial public offering or IPO which was cleared by the SEC. The company describes its mission as bringing “regulated digital asset opportunities to institutions and retail investors”. The following day, several crypto influencers tweeted what appeared to be promotional statements […]
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Beijing’s strategic vision is to use blockchain technology, artificial intelligence, big data and 5G in social assistance system reforms. The Chinese Communist Party has identified blockchain as a key tool for its innovation of nationwide social services. On Aug. 25, the General Office of the Central Committee of the Communist Party of China and the […]
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Details about the official launch date still remain murky. The People’s Bank of China is planning to put its digital currency to use at the 2022 Winter Olympic Games in Beijing. According to a Reuters report, Sun Guofeng, the head of the monetary policy department at PBoC, said that the bank does not have a […]
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The bulls are aggressively defending the 20-day EMA in Bitcoin and select altcoins, which could result in the resumption of the uptrend. The coronavirus pandemic has forced people to change several social behavioral habits. Along with maintaining social distance from one another, people are also averse to using notes, coins or cards as they might […]
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The 2020 pandemic could accelerate global efforts to issue CBDCs, say BIS analysts. A new report from the Bank for International Settlements (BIS) shows that 2020 is the year that momentum behind central bank digital currencies (CBDCs) has truly taken off. Published on Aug. 24, BIS’ new working paper analyzes the global state of CBDC […]
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China’s central bank released a new statement to debunk some rumors. The People’s Bank of China (PBoC) announced that the test run of its central bank digital currency is currently limited to small retail transactions. According to the Global Times on Aug. 24, the central bank has clarified some details regarding the recent digital yuan […]
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China’s national blockchain project BSN could be the best fit for the digital yuan. China’s nationwide blockchain project, the Blockchain Service Network, or BSN, will be integrating stablecoin support in 2021. Yifan He, CEO of Red Date Technology, a major tech company involved in the BSN development, told Cointelegraph that the project will soon start […]
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