Today at Chaintalk News

January 23, 2021

Phemex Launches New GOLD/USD Contracts For Trading

By Kinsei

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Bitcoin to Add $1 Billion in Revenue to PayPal Says Analyst

PayPal’s stock price is up 30% since November, from $175 to currently trading at $252 thanks to bitcoin. It has more to go according to Mark Palmer of BTIG research...
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Yellen Clarifies Her Stance On Crypto, Says Digital Assets Have “Potential”

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OKCoin becomes latest exchange to integrate Bitcoin’s Lightning Network

OKCoin is the latest exchange to announce it is integrating Bitcoin’s Lightning Network. The post OKCoin becomes latest exchange to integrate Bitcoin’s Lightning Network appeared first on The Block.
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Lost And Found: Man Recovers Bitcoin From Hard Drive Burned In A Fire

Bitcoin is once again in the news, the subject of internet chatter, and watercoolor talk. It is for the first time also the darling of Wall Street, beating out every other financial asset under the sun. The media blitz, rising price, and widespread FOMO has those who have lost Bitcoin in the past feeling the sting even harder recently, prompting them to give it another go in attempting to recover their BTC. Horror stories have […]
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‘Rat poison cubed’ Bitcoin’s ‘bubble will pop,’ says Peter Schiff

Peter Schiff, the investor known for his negative commentary on Bitcoin, is in the news again. Taking a leaf out of the Oracle of Omaha’s playbook, the popular Bitcoin skeptic referred to the market’s leading cryptocurrency as “Rat poison cubed,” during a recent interview with Fox News’ Liz Claman. “Eventually the bubble is going to […]
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Singapore Exchange, Temasek Launch Digital Asset Business for Capital Markets

The new venture will focus on capital markets, and the firms are looking to partner with fixed income issuance platforms for their post-trade infrastructure.
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MicroStrategy Buys Bitcoin Dip, Now Holds 70,784 BTC

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Bitcoin Community Rallies to Defend Satoshi Nakamoto’s Whitepaper

Some of the most prominent voices in the Bitcoin community have rallied behind the Bitcoin whitepaper seemingly in response to legal threats from nChain Chief Scientist Craig Wright against the website that hosted Satoshi Nakamoto’s original whitepaper. Bitcoin.org, the website registered by Satoshi Nakamoto, published an announcement revealed that the website, along with Bitcoincore.org, received […]
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Tether is Fully Backed by US Dollars, Says Deltec Deputy CEO

Tether (USDT) stablecoins are fully backed by US dollars and “that is not a secret,” said the deputy CEO of Bahamas-based bank Deltec.
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U.S. Treasury Secretary nominee Janet Yellen acknowledges potential benefits of crypto

Janet Yellen, who was recently nominated by US President Joe Biden for the post of Treasury Secretary, said that it is “important to consider the benefits of cryptocurrencies,” according to her written testimony published today. The post U.S. Treasury Secretary nominee Janet Yellen acknowledges potential benefits of crypto appeared first on CryptoSlate.
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Ethereum’s Road to $2K: 3 Reasons to Be Bullish

Ether recently broke above $1,400 for the first time in two years. Here are three events that could push the price even higher.
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Bitcoin Spikes Above USD 32K as MicroStrategy Boosts Morale With a New Deal

The world's number one crypto moved up and above USD 32,000 again as US-based business intelligence company MicroStrategy revealed its USD 10m bitcoin (BTC) deal.On Friday afternoon, 14:37 UTC, bitcoin climbed from the USD 29,400 level to which it had dropped earlier in the day, and is trading at USD 32,565, after it appreciated almost 3% in the last day. It dropped 12%
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Bitcoin (BTC) Could Repeat its 2017 Performance in 2021 – Weiss

Quick take: The team at Weiss have forecasted that Bitcoin’s performance in 2021 might mimic that of 2017 Bitcoins 21 million supply and surging demand, could send it to much higher levels With each parabolic cycle, the crypto-verse brings new people who never leave creating a cycle for the next parabolic run The team at Weiss Ratings has forecasted that Bitcoin could repeat its 2017 performance this year. This is according to a recently published report that points out that […]
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Retail is here: The virtuous cycle of social engagement with crypto

The recent Bitcoin rally is driving crowds of new retail investors to crypto markets, and the Main Street itself deserves the credit.
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cointelegraph

Retail is here: The virtuous cycle of social engagement with crypto

The recent Bitcoin rally is driving crowds of new retail investors to crypto markets, and the Main Street itself deserves the credit.

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Russia’s Sber Bank Files to Launch Its Own Stablecoin

Russia's largest retail bank has applied to become a licensed digital assets issuer.
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Ethereum price prediction: ETH to retest $1,400 resistance

TL;DR Breakdown Ethereum price expected to retest $1,400 resistance level The closest support level lies at $1,200 ETH faces resistance in crossing above the $1,300 mark Ethereum price failed to climb above the $1,400 mark, and the price declined below the $1,200 level. ETH found support at the $1,050 mark and has recovered to the […]
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PayPal’s Crypto Service Will Drive Up its Stock Price, Says Analyst

BTIG analyst Mark Palmer has upgraded PayPal stock from Neutral to Buy because of its foray into cryptocurrency.
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Buying the Bitcoin Dip: MicroStrategy Scoops $10M Worth of BTC Following $7K Daily Crash

Michael Saylor's MicroStrategy continues to scoop up BTC whenever they seem to get the chance. The company has just bought another $10 million following the most recent price crash.
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BIS Plans Platform for Testing Central Bank Digital Currencies in Cross-Border Payments

The new platform was announced as part of the BIS Innovation Hub's priorities and programs for 2021.
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UK police appoint Komainu to custody seized cryptos

TL;DR Breakdown: Komainu has been appointed to provide custody service for cryptos seized by UK police. The development will help the police to properly handle cases involving crypto. The UK law enforcement authority has entered a new agreement with an institutional-grade crypto-assets custodian, Komainu, to store digital currencies confiscated during the course of investigations. As […]
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MicroStrategy buys the Bitcoin dip worth $10 million

As of 22 January 2021, publicly-traded company, MicroStrategy increased its Bitcoin holding by making an additional purchase of the asset. According to its latest announcement, MicroStrategy acquired $10 million worth of Bitcoin, paying roughly $31,808 per coin on average. The firm managed to gain from its earlier holdings during bull market conditions. At the very […]
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MicroStrategy Buys the Dip, Adds $10M to Bitcoin Treasury

CEO Michael Saylor bought the coins for an average price of $31,808.
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Here’s how whales buying the Bitcoin dip will impact the market

Bitcoin’s price fell to $30,800 on Thursday, with echoes of Black Thursday sounding in a lot of people’s minds. This was the biggest price drop in 3 weeks and this may have been due to fears of double spending in Bitcoin, something that shook the faith of users. Though BitMEX confirmed that there was no […]
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Bitcoin price bounces above $32K as MicroStrategy 'buys the dip' with $10M

A further commitment to its treasury sees MicroStrategy join Grayscale as this week's big buyer while others keep selling.
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cointelegraph

Bitcoin price bounces above $32K as MicroStrategy 'buys the dip' with $10M

A further commitment to its treasury sees MicroStrategy join Grayscale as this week's big buyer while others keep selling.

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MicroStratergy Buys The Bitcoin Dip Again With $10 Million BTC Purchase

MicroStrategy, the software giant with over $1.3 billion bitcoin purchase in the past 6 months has bought the bitcoin dip again with a $10 million purchase at $31,808 apiece, taking their total bitcoin holding to 70784 worth $2.27 billion. MicroStrategy has purchased approximately 314 bitcoins for $10.0 million in cash in accordance with its Treasury The post MicroStratergy Buys The Bitcoin Dip Again With $10 Million BTC Purchase appeared first on Coingape.
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First Mover: Bitcoin Newbies Get Volatility Lesson as Old Pros Lament FUD

A mixture of bearish price-chart patterns and ill-understood news items combined to cause bitcoin's biggest price plunge since March, in a demonstration to market newcomers of the cryptocurrency's notorious volatility.
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Tether’s Bank Deltec Says Stablecoin Is Fully Backed by Reserves

"Every tether is backed by a reserve and their reserve is more than what is in circulation," said Gregory Pepin, Deltec Bank's deputy CEO.
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MicroStrategy Buys $10 Million Bitcoin

MicroStrategy bought the dip, with the publicly traded US company just announcing today: “On January 22, 2021, MicroStrategy Incorporated (the “Company”) announced that it had purchased approximately 314 bitcoins for...
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MicroStrategy Buys Another $10 Million in Bitcoin

The business intelligence firm has bought even more Bitcoin—as though $2.3 billion wasn't enough.
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Ethereans Write Rebuttals, While Still Closed Grayscale Ethereum Trust Shrinks

Ethereans have been hard at work providing rebuttals to recent Ethereum (ETH) critique, while ETH is slowly flowing out of major US-based digital asset manager Grayscale Investments' trust that is still closed. Many in the ETH camp have joined hands to provide counterarguments to an analysis of Ethereum by popular generalist investor and bitcoin (BTC) investing app Swan
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cointelegraph

Crypto and blockchain: What the Brazilian market can expect for 2021

Cointelegraph Brasil invited some of the country’s top crypto and blockchain experts to chart the next steps for the market.

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Crypto and blockchain: What the Brazilian market can expect for 2021

Cointelegraph Brasil invited some of the country’s top crypto and blockchain experts to chart the next steps for the market.
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Joe Biden Freezes FinCEN’s Crypto Wallet Rulemaking — US Crypto Regulations Under Review

New U.S. President Joe Biden has frozen all agency rulemaking, including the proposal by the Financial Crimes Enforcement Network (FinCEN) relating to cryptocurrency wallets. Biden will appoint someone to “review any new or pending rules,” the White House has announced. FinCEN’s Crypto Wallet Proposal Frozen, Pending Regulatory Review Joe Biden, the 46th president of the […]
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MicroStrategy buys additional bitcoin worth $10 million

MicroStrategy announced Friday that it had purchased an additional 314 bitcoin for $10 million in cash.The post MicroStrategy buys additional bitcoin worth $10 million appeared first on The Block.
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OKCoin to Integrate Bitcoin’s Lightning Network in Q1

The feature, added to alleviate fee pressure during Bitcoin’s bull market, could be live within a month's time.
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Tron, Ontology, Uniswap Price Analysis: 22 January

Tron rose towards its previous level of support to test it as resistance and confirm its flip to resistance as bearish pressure mounted on the charts. Ontology also showed that it was on the verge of losing an important level of support to the bears. Finally, Uniswap bounced off a level of support. Tron [TRX] […]
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OKCoin To Integrate Lightning Network

OKCoin has announced that it will integrate Bitcoin’s Lightning Network, reducing transaction fees and deposit/withdrawal times.The post OKCoin To Integrate Lightning Network appeared first on Bitcoin Magazine.
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Canadian firm Hut 8 finalizes $11.8 million loan for new Bitcoin mining machines

Bitcoin mining company Hut 8 has finalized a loan to purchase 5,400 units of MicroBT’s mining equipment, which will increase the firm’s capacity to mine Bitcoin by 475 petahashes per second (PH/s), over the next six months. The firm completed the equipment financing loan worth $11.8 million from Foundry Digital, which is a subsidiary of […]
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SUKU Wants to Help Farmers and Ranchers Access Microloans Via DeFi

SUKU DeFi plans to bring microlending to small suppliers who might not have access to WiFi.
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Ripple price prepares for a 47% explosion following rebound from $0.25

Ripple reclaims two key support levels at $0.25 and $0.27. XRP/USD is awaiting a massive liftoff on breaking above symmetrical triangle resistance. Ripple fell victim to the selling pressure in the cryptocurrency market on Thursday. Like Bitcoin and Ethereum, XRP lost a significant amount of the gains accrued over the last couple of weeks. Moreover, The post Ripple price prepares for a 47% explosion following rebound from $0.25 appeared first on Coingape.
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Top Crypto Analyst Says He’s ‘Backing the Truck Up’ To Buy 7 Altcoins As Ethereum and Bitcoin Tumble

A popular crypto analyst who correctly called Bitcoin’s bear market bottom in 2018 says he’s loading up on several altcoins as Ethereum and Bitcoin suffer price pullbacks. Smart Contracter tells his 84,000 Twitter followers that BTC could be en route to the $26,000 level after failing to hold onto $33,000. He’s sharing a chart from […]The post Top Crypto Analyst Says He’s ‘Backing the Truck Up’ To Buy 7 Altcoins As Ethereum and Bitcoin Tumble appeared first on The Daily Hodl.
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Microstrategy adds just a bit to its bitcoin holdings

The company this morning announces the purchase of roughly 314 bitcoins (BTC-USD) for $10M, or an average price of $31,808 each. That brings total holdings to 70,784 bitcoins acquired for a total cost of $1.135B, or an average price of $16,035 each.After plunging below $29K at one point last night, bitcoin is in bounce mode, currently selling for $32.3K, putting a value on Microstrategy's (MSTR) holdings at nearly $2.3B.MSTR shares are down 0.45% premarket.
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The Market Needs Crypto Cards For Daily Purchases, Not Another Wallet For Coins

Why there are still much fewer crypto card users than cryptocurrency holders, who need cryptocurrency cards, and what are their benefits, shared СEO of the virtual bank TTM Bank Vladislav Utushkin. – The first crypto cards, analogs of bank cards that can be replenished with cryptocurrencies, appeared more than five years ago, but even among the crypto assets holders, not everyone can boast of having one. Why does the popularity of crypto cards lag behind […]
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GrayScale Bought $1.3 Billion Bitcoin

GrayScale has had its most successful week yet, buying close to $1.3 billion bitcoin, up considerably from $500 million a week during December. “The Trust issued 37,036,200 Shares… for an...
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Bitcoin Price Analysis: Following $7K Daily Drop, Will $30K Hold?

Bitcoin suffered a severe 15% decline in the past 24 hours, which saw the cryptocurrency dropping by $7,000 to reach below $29K. In doing so, it fell beneath the previous symmetrical triangle we were tracking and landed at the lower border of a long-termed bearish triangle. More specifically, Bitcoin managed to find support at the […]
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Social Networks Are the Next Big Decentralization Opportunity

We have the core tech to enable radically more ethical and beneficial social media networks. Here's what we'll need.
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Bitcoin Cash Price Analysis: 22 January

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin Cash’s price was still in the red following Bitcoin’s crash, and it might continue to head lower on the charts. At press time, BCH had a market cap of $8 billion and was […]
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MANA Price Surges High With the Rumours of a Trust Filing With Grayscale

The post MANA Price Surges High With the Rumours of a Trust Filing With Grayscale appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto GuideGrayscale Eye’s MANA, Will the Price Pump? Grayscale Trust, a popular hedge fund which holds the highest share of Bitcoin and many other altcoin trusts, might be considering adding up other assets. According to the official website of the State of Delaware, which displays the information on a Delaware entity. The list with the entity …
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cointelegraph

Bitcoin miners facing chip shortage amid skyrocketing demand

Bitcoin miners are scrambling to acquire more mining rigs as the global semiconductor shortage worsens.

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Bitcoin miners facing chip shortage amid skyrocketing demand

Bitcoin miners are scrambling to acquire more mining rigs as the global semiconductor shortage worsens.
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Bitcoin and Altcoins Try to Recover, Key Hurdles Nearby

Bitcoin price formed a support base above USD 30,000 and started recovering. BTC broke the USD 30,500 and USD 31,200 resistance levels. It is currently (13:00 UTC) approaching the USD 32,500 resistance, where the bulls might face hurdles.Similarly, most major altcoins are recovering higher. ETH/USD is gaining pace above USD 1,150, but it could struggle near USD 1,250. XRP/USD is trading well
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Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class action lawsuit

Investors are suing a Bitcoin mining company for allegedly fabricating the existence of BTC mining farms in China, and reportedly misleading the public.
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cointelegraph

Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class-action lawsuit

Investors are suing a Bitcoin mining company for allegedly fabricating the existence of BTC mining farms in China and reportedly misleading the public.

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cointelegraph

3 reasons Bitcoin tumbled below $30,000 in a surprise overnight correction

Bitcoin's fall from from $37,000 to below $30,000 within 48 hours saw the biggest daily red candle ever.

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cointelegraph

VanEck files with SEC for ETF that tracks crypto companies' performance

VanEck has filed with the SEC to launch the Digital Assets ETF related to the performance of top cryptocurrency companies.

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cointelegraph

DSD bear sells 5.5M tokens to 'whale coalition' with $83M in coupons set to expire

Dynamic Set Dollar (DSD) coupon holders with $83 million have bought out the largest bear on the project.

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cointelegraph

Russian opposition leader Navalny immortalized in NFT artwork

The animation is inspired by the politician's recent arrest and “Putin's Palace” documentary on alleged corruption.

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cointelegraph

Bitcoin's biggest mining pool may be behind the BTC price drop, but buyers stepped in

This week's volatility may come down to a tug-of-war between F2Pool selling and Grayscale buying.

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cointelegraph

The ‘central bank of central banks’ is building a CBDC settlement platform

The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year.

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cointelegraph

Crypto Fear and Greed index drops to October 2020 levels

The Crypto Fear and Greed index shows that the cryptocurrency market sentiment has just shifted from “Extreme Greed” to “Fear.”

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cointelegraph

Brazil’s top exchange announces international expansion after raising $38M

Leading Brazilian exchange Mercado Bitcoin has announced a regional expansion, naming Chile, Mexico, and Argentina as likely destinations.

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cointelegraph

Clever Aave to Matic bridge keeps track of yields

A new type of cross-chain bridge has been invented which integrates the interest-yielding properties of DeFi with second layer solutions for Ethereum.

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cointelegraph

Is Grayscale about to unveil a LINK trust?

Mystery filings using Grayscale’s name suggest the multibillion-dollar firm may be looking to expand the number of trusts.

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cointelegraph

Upbit launches in Thailand just days after regulators suspended Bitkub

As Thailand’s leading crypto exchange remains suspended, billionaire backed rival Upbit enters the scene.

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cointelegraph

Crypto market cap falls by $113B as Bitcoin price tumbles to $28,750

After a day of intensifying sell pressure, Bitcoin price dropped below $29,000 for the first time since January 5.

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cointelegraph

Komainu to store crypto confiscated by UK law enforcement

The Assistant Commissioner of the City of London Police said the partnership with Komainu would help in “denying criminality the proceeds of crime."

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cointelegraph

Crypto ETP capitalization up 90% this month as institutional volume triples

Institutional investors have rallied around crypto this past month, with the AUM of crypto ETPs surging more than 90% as volumes tripled.

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cointelegraph

Treasury Secretary nominee says crypto has potential to improve the financial system

Janet Yellen added that she planned to encourage the use of digital assets for “legitimate activities.”

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cointelegraph

Pro traders buy the dip as bears push Bitcoin price to the edge of $30K

After correcting 15%, Bitcoin price dropped to $30,000 but derivatives indicators suggest pro traders are buying the dip.

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cointelegraph

Genesis Mining head forecasts importance of layer-two Bitcoin solutions

He feels Bitcoin might need such solutions, even with the coin in a store of value role.

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cointelegraph

Japanese police are investigating 30 people allegedly involved in the 2018 Coincheck hack

Investigators reportedly identified the individuals by tracing the crypto exchange accounts used to launder the funds.

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cointelegraph

Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol rally higher

Strong fundamentals are attracting traders to Hedera Hashgraph, Reef and Perpetual Protocol even as Bitcoin price hangs near a crucial support level.

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cointelegraph

Tarbert makes way for Biden's CFTC chair, but will remain a commissioner

Tarbert's brief term was nonetheless notable for clarity on cryptocurrency in U.S. regulation.

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cointelegraph

While China's CBDC sets the pace, the yuan stumbles in usage abroad

The past two years were much harder on the dollar, however.

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cointelegraph

Another day, another airdrop: Power DeFi users can now claim Stake DAO tokens

Multiple problems with Stake DAO's token airdrop have left some users on the outside looking in

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cointelegraph

BlockFi exec explains institutional outlook on altcoins

He says that institutional players look for certain volume and market cap levels when considering altcoins.

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cointelegraph

3 ways the next altcoin bull cycle will vastly differ from 2017’s

Bitcoin is still the main focus of most investors but Layer 2 solutions, governance, and DeFi are shaping up to be the driving forces of the next altseason.

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cointelegraph

Bitcoin whitepaper fight could end up in court as both parties escalate drama

The dispute over the legal ownership of the Bitcoin whitepaper could make it all the way to the courts as one website owner refuses to back down from Craig Wright's legal threats.

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