Bakkt, the crypto platform owned by the Intercontinental Exchange Inc., said that they plan to have nearly 20m users by next year – twice as many as what’s projected for this year. They also announced that their post-merger enterprise value might reach USD 2.1bn. Per Bakkt’s investor deck, compared to 9 million users in 2021,…
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Source: iStock/Spencer_Whalen After welcoming a flock of major institutional investors into the Bitcoin (BTC) world in 2020, the cryptoverse is now debating that the crypto market has entered another level of manipulation also. "Bitcoin’s parabolic rise is unsustainable in the near term. Vulnerable to a setback. The target technical upside of USD 35,000 has been…
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After struggling to gain bullish momentum above USD 40,000, there was a downside correction. BTC declined heavily and traded below the USD 38,000 and USD 36,500 support levels. It traded towards the USD 32,500 support and it is currently (05:00 UTC) recovering towards USD 36,500. Similarly, there was a sharp downside correction in most major…
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New Russian banking regulations will allow financial institutions to freeze or block the bank accounts of individuals or companies they think are associated with crypto activities. The rule change have been imposed by the nation’s Central Bank, which has outlined changes it will make to the existing banking code, stating that if they detect evidence…
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The bitcoin (BTC) price has been a runaway train of late and there is seemingly nothing that can get in its way. Some believe that even if one of the largest BTC whales, the US Government, decides to sell its stash now worth billions of USD it wouldn’t have a material effect on the market…
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Statue of Albert Gallatin, the fourth Secretary of Treasury, in front of the Department of Treasury building in Washington, D.C. The controversial draft anti-money laundering/know-your-customer (AML/KYC) crypto compliance regulations proposed by the US Treasury Department and the Financial Crimes Enforcement Network (FinCEN) is continuing to draw criticism from Read more »Pay, Trade, Buy Bitcoin with Credit Card
Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Bitcoin news The Finnish treasury is in for a whopping boost as the nation’s customs agency prepares to auction off BTC 1,981 (USD 81m). The vast majority of the seized bitcoin was intercepted…
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At the time bitcoin (BTC) price is breaking all-time highs, the mining difficulty is set to break its record tomorrow, while the hashrate has already surpassed its own. Both buying and mining BTC has been getting tougher. Per the BTC.com, a major mining pool, estimates, mining may become the most difficult it’s ever been in…
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The American digital asset investment giant Grayscale has suggested that pensions and endowments providers are clambering aboard the crypto gravy train – an opinion shared by an increasing number of financial industry specialists. The firm’s new CEO Michael Sonnenshein said, per Bloomberg, “We’ve started to see participation not just from the hedge fund segment Read…
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Bitcoin (BTC) is hitting one all-time high after another, today passing over USD 41,700 but what might come next? Per many insiders, BTC still has room to go higher before a more substantial correction happens. BTC has gone up 10% in a day and 42% in a week to a price of USD 41,738 on…
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