Major crypto derivatives exchange BitMEX might introduce a new range of plain vanilla, or basic financial products designed to boost its market share, according to Alexander Höptner, CEO of 100x Group, the holding behind the platform. “The products that we offer right now are pretty sophisticated products, so we are more targeting right now professional…
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The bitcoin (BTC) ball is decidedly in the regulators’ court in the United States, where the Securities and Exchange Commission (SEC) is now “on the clock” – with the crypto world eagerly awaiting its response. Many believe that approval of a bitcoin exchange-traded fund (ETF) in the United States would be a watershed moment for…
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US-headquartered international banking giant Citi just released a mostly bullish 107-page report about Bitcoin (BTC), its achievements and what might happen next, while some other analysts forecast "a downward spiral" for BTC. In its report from the GPS series, Citi stressed three developments for Bitcoin: "Growing acceptance by businesses, Read more »Pay, Trade, Buy Bitcoin…
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Bitcoin price started a steady increase above USD 45,000 and it even surpassed USD 48,000. BTC tested the USD 50,000 resistance and it is currently (05:00 UTC) consolidating gains. The price could continue to rise if the bulls gain strength above the USD 50,000 resistance. Besides, most major altcoins gained bullish momentum. ETH broke the…
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Smaller South Korean exchanges may find a way to survive the promulgation of a new crypto act later this month that requires all trading platforms to abide by real-name banking procedures. As previously reported, only the “big four” crypto exchanges – Upbit, Bithumb, Korbit, and Coinone – currently have real-name, social security number-authenticated banking Read…
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Source: Adobe/Андрей Трубицын The Chinese Inner Mongolia Autonomous Region (IMAR) – a hub of crypto mining activity, particularly Bitcoin (BTC) mining – could be set to enact a shutdown of the industry, ordering all operators to close up shop as early as next month, and possibly pushing them to greener sources of energy. Per an official…
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One of the most bullish non-crypto companies, US-based software developer MicroStrategy, just used the recent bitcoin (BTC) correction to increase their BTC stash. Per CEO Michael Saylor, the company has purchased an additional BTC 328 for around USD 15m in cash at an average price of USD 45,710 per BTC. As of today, MicroStrategy now…
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Bitcoin price followed a bearish path below USD 50,000 and USD 48,000. BTC even broke the USD 45,000 support zone and traded close to USD 43,000. It is currently (05:30 UTC) recovering above USD 46,000, but there are many important hurdles near USD 48,000 and USD 50,000. Similarly, most major altcoins corrected lower. ETH tested…
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Plans by Panama-based company Ocean Builders to launch a crypto cruise ship, a floating community to host businesses including stores and restaurants that planned to accept bitcoin (BTC) from customers, were reportedly scrapped by what company representatives describe as the inflexibility of big insurance companies. The former Pacific Dawn, a 1991-built 804-foot vessel, was Read…
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A Spanish court has given the Tenerife police permission to look into the case of an alleged Bittrex customer who claims the crypto exchange is at fault in the case of the “theft” of around USD 62,000 worth of bitcoin (BTC). The Tenerife branch of the national police cybercrimes unit is now investigating the claim,…
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