Warren Buffett. A US-based blockchain and cryptoasset-focused investment fund has reportedly returned 93% this year by “fishing where no one else is fishing,” compared with an industry average of 57%. The Off The Chain Capital LLC fund specializes in buying crypto-related assets “at fire-sale prices from motivated sellers,” Bloomberg reported, citing the fund’s Read more…
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The Haven app. Source: a video screenshot, OB1 The decentralized marketplace OpenBazaar has reportedly been saved from having to shut down after an anonymous donor has agreed to cover the costs of operating the platform until “at least the end of the year.” The marketplace, which allows users to buy and sell goods using cryptocurrencies…
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Bitcoin price moved into a positive zone after it settled above the USD 10,550 inflection zone. BTC even broke the USD 10,800 resistance level and it is currently (08:30 UTC) struggling to clear the key USD 11,000 resistance zone. A clear break above USD 11,000 could start a fresh rally towards USD 11,500. Besides, there…
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The combined moving 7-day average crypto market sentiment score (sentscore) for the top 10 coins by market capitalization has dropped below 5, to the current 4.98/10, as shown by crypto market sentiment analysis service Omenics. Last week it stood at 5.22 following a minor rise. Seven coins have seen their respective scores drop over the…
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A cryptoasset mining farm. Bitcoin (BTC) and other cryptoasset miners have been forced to employ various strategies to hedge risks, said researchers at the Cambridge Centre for Alternative Finance, but most of these attempts are still "elementary." The study argued that, though mining pools are described as an aggregator of hashrate (the computational power of…
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Surveyed Americans are increasingly worried about inflation as the Federal Reserve’s money printers go into full brrr mode, per a new survey – although 29% are still laboring under the illusion that the greenback is still backed by gold. These were the findings of a report conducted by hashpower provider Genesis Mining. The firm quizzed…
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Source: Twitter/@DoveyWan Chinese crypto advocates have reacted with surprise after a number of state news outlets in the country reported on a positive-spin story that explains how cryptoassets have become the most successful asset class in the year to date. But the story itself is not exactly a pro-crypto piece of reporting from Beijing. In…
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The man charged with overseeing Russia’s long-awaited crypto regulations said that new legal amendments will be ready “in about a month” – but hinted that Moscow may now seek to “block” cryptocurrency-related activity rather than police it. Speaking to media outlet RBC, Anatoly Aksakov, the head of the State Duma Committee on Financial Markets, stated…
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Valdis Dombrovskis (on the left), Executive Vice-President for an Economy that works for People at the European Commission. Source: a screenshot, Instagram/vdombrovskis The EU has set out plans to regulate cryptoassets, including provisions for stablecoins – with crypto exchanges active in the region required to have a physical presence in EU territories and abide by…
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Crypto usership is going up at an exponential rate, per researchers at the Cambridge Centre for Alternative Finance, with over 100 million people worldwide now making use of cryptoassets – a massive increase from the 35 million figure the same researches identified just two years. According to a new study, the number of identity-verified cryptoasset…
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