Jack Dorsey. US-based payments company Square, founded and led by well-known Bitcoin bull, Twitter CEO Jack Dorsey, said it acquired BTC 4,709 at an aggregate purchase price of USD 50m on October 7. "Given the rapid evolution of cryptocurrency and unprecedented uncertainty from a macroeconomic and currency regime perspective, we believe now is the right…
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The link between the worlds of arts and blockchain-powered non-fungible tokens (NFTs) is continuing to deepen for collectors worldwide, with a bitcoin (BTC)-themed work named Block 21 (42.36433° N, -71.26189° E) (from Portraits of a Mind) – a piece inspired by blockchain technology – fetching USD 131,250 at a Christie’s auction. The winning bid, placed…
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Chamath Palihapitiya. Source: a video screenshot, Youtybe/Bitcoin/CNBC If you follow the bitcoin (BTC) price movement, it will seem connected to traditional assets – but it can’t be, as it’s the opposite of today’s financial infrastructure, according to Chamath Palihapitiya, CEO of venture capital firm Social Capital, Chairman of commercial spaceline Virgin Galactic, and a former…
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Arthur Hayes. Source: a video screenshot, Youtube, CfC st. Moritz Following the recent regulatory crackdown on major crypto exchange BitMEX, Arthur Hayes and Samuel Reed stepped down from "all executive management responsibilities" in the 100x Group which they founded, and which is the holding group for HDR Global Trading Limited, owner and operator of the…
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Despite rumors about a possible crypto ban in India are still circling in the market, some investors bet with their money that the local crypto industry will grow. One of the oldest crypto exchanges in India, Unocoin, said that it "is close to finalizing" its Series A funding round, which is now led by venture…
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The Swiss operator of the BRD crypto wallet claims it has in excess of six million users worldwide, with much of its growth coming from users based in India and the Latin America region – and COVID-19 helping bring people to crypto in their droves. Speaking to media outlet Tech Crunch, the firm stated that…
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Bitcoin price failed to surpass the USD 10,800 resistance, resulting in a fresh bearish wave. BTC traded below the USD 10,650 support and it even tested the USD 10,550 support zone. The price is currently (08:30 UTC) consolidating losses above USD 10,550 and remains at a risk of more losses. Similarly, most major altcoins retreated…
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Korean lion dog statue and the National Assembly building, Seoul. A politician has called on South Korea to “urgently” prioritize the development of crypto security technology – stating that blockchain-powered finance is now an inevitable reality for the country, and the rest of the world. Lee Yong-bin, a ruling Democratic Party MP and a member…
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Major smartphone maker Samsung has integrated a cryptoasset anti-money laundering (AML) solution to help boost the security of its Blockchain Wallet, a function of its latest flagship handsets. Per a blog post from South Korean, Singapore-based software firm Uppsala Security, the company has signed a “Blockchain Service AML Integration Agreement” with Samsung and has Read…
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The troubled major crypto derivatives exchange BitMEX has seen large drops in both open interest, and bitcoin (BTC) balances held on the platform. (Updated at 12:49 PM UTC: updates in bold.) Following the news last week that three owners of BitMEX and five related companies charged with operating an unregistered trading platform and violating multiple…
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