MicroStrategy, the American software firm that famously used its balance sheet to buy bitcoin (BTC), has stated that more token purchases are in the pipelines, and reiterated that BTC is its “primary treasury reserve asset.” In a Q3 2020 earnings call, the firm stated that its “go-forward capital plan” for the quarter ahead involved “using…
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In the past three sessions, there was a steady rise in bitcoin price above the USD 13,500 resistance. BTC even broke the USD 13,750 resistance and traded to a new monthly high. The price is currently (05:00 UTC) consolidating gains and it might even attempt a break above the USD 14,000 resistance. There were also…
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Source: Adobe/SL-Photography A leading Peruvian regulator has stated that the coronavirus pandemic will not derail the government’s plans to regulate the nation’s crypto industry – and has claimed “monitoring” of Peru-based crypto exchanges has already begun. Per Gestión, Sergio Espinosa, the head of the top financial regulatory body, the Superintendencia de Banca, Seguros y AFP…
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Germany-based WEG Bank about to step up its crypto-related business as its fintech division TEN31 has teamed up with Munich-based white-label crypto custody provider Tangany to offer crypto custody solutions to its customers. According to the bank, this is "the next logical step" in expanding their product portfolio. "With the new platform, the bank solves…
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Blockchain infrastructure company Bitfarms said it has signed a beneficial mining deal in South America, with a lower power cost that they said ‘revives’ older mining machines and cuts the electricity costs in half. Bitfarms, which provides computing power to cryptocurrency networks such as Bitcoin (BTC) and operates five computing centers in Canada, has signed…
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Major Asian bank, Singapore’s DBS, could be set to debut a crypto and securities token exchange – offering trading in bitcoin (BTC) and three major altcoins against not only the fiat Singapore dollar, but also three other major international currencies. A DBS page devoted to what the bank seems to have called the DBS Digital…
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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 UK-based financial firm Cashaa formed a joint venture with The United Multistate Credit Co. Operative Society, UNICAS, in order to build a crypto-friendly financial institution with 22 physical branches Read…
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The coronavirus pandemic appears to have had more of an effect on the American bitcoin (BTC)-buying community than first thought, per a new survey. According to a Grayscale-commissioned online survey of 1,000 USA-based general investors aged between 25 and 64 and conducted between June 26 and July 12 this year, 63% of respondents who “had…
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Yuri Pripachkin, the head of the Russian Association of Cryptocurrencies and Blockchain. Source: a video screenshot, Youtube/FINAM The head of a Russian crypto and blockchain industry group has launched a stinging attack on the nation’s Central Bank (CB), essentially accusing it of purposefully slowing down the launch of the nation’s digital economy with anti-business policies…
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After a short-term downside correction, bitcoin price found support above USD 12,750. BTC started a fresh increase and it is currently (05:00 UTC) trading above USD 13,000. However, the price must settle above USD 13,200 and USD 13,250 to continue higher in the near term. Conversely, there was a bearish reaction in most major altcoins,…
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