The Tesla-bitcoin (BTC) plot continues to thicken after it was revealed that one of the decision-making board members who may have approved the auto giant’s game-changing crypto move is an investor with board seats at two major crypto players. Per The Telegraph, Tesla independent board member Antonio Gracias was part of a four-member audit committee…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news NYDIG, a Stone Ridge-run subsidiary firm that provides crypto services to institutional investors, aims to launch a Bitcoin exchange-traded fund (ETF), per a filing with the US Securities and Read…
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Jihan Wu. Source: a video screenshot, Youtube, Bitcoin.com – Official Channel Listed Chinese online sports lottery service provider 500.com said it agreed to acquire the BTC.com Bitcoin (BTC) mining bussiness from Bitmain co-founder Jihan Wu. 500.com is buying the business in exchange for its newly issued class A shares, or around a 10% stake in…
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Bitcoin price started a fresh increase after it broke the USD 48,000 resistance. BTC gained momentum and it surpassed the USD 49,400 resistance. It even traded to a new all-time high near USD 49,975 and it is currently (05:00 UTC) consolidating gains. Besides, most major altcoins are showing signs of more gains. ETH/USD is back…
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Bitcoin price climbed to yet another new all-time high at USD 49,650 before it started a downside correction. BTC dipped below USD 47,000, but it remained stable above USD 46,000. It is currently (05:00 UTC) recovering higher, but it could face resistance near USD 47,500. ___ Updated: Bitcoin, Ethereum, and Altcoins Recovering Losses ___ Besides,…
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South Korea’s market-leading crypto exchange Bithumb said it will crack down on unscrupulous bogus brokers who pretend to be members of its staff and approach blockchain operators to discuss listing options for their tokens – before scamming them by demanding “listing fees.” Per Fn News, a growing number of fake brokers pose as employees of…
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Strategic crypto investments are expected to have a limited near-term effect on the credit profiles of companies such as PayPal, Visa, Square, and Mastercard, taking into account the modest capital deployed and the long ramp time, major credit rating agency firm Fitch Ratings said. Moreover, adding crypto capacities opens up incremental revenue streams for these…
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Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Crypto adoption news Some 100 people have already applied for Bitcoin (BTC) blockchain data-related roles at the BTC-keen American software firm MicroStrategy after the company posted vacancies for analyst and Read more »Pay,…
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Around USD 1.9bn in 281,000 trading positions have been liquidated in a day as the market corrected sharply, per bybt.com data. Around 90% of the liquidations were of long positions, suggesting that overly optimistic traders were using margin trading to open large positions in the hope of bitcoin (BTC) hitting USD 50,000 (and beyond). The…
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Deutsche Bank has gone low-key with its crypto intentions, but after months of crypto-positalk, the bank – Germany’s biggest with assets of almost USD 1.8 trillion – has taken the plunge into crypto custody. It’s not a surprising move as the bank’s analysts have been making bullish remarks on bitcoin (BTC) in recent months, and…
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