With resistance from US financial regulators still remaining, a Brazilian company has received approval to list a crypto-focused exchange traded fund (ETF) on the Bermuda Stock Exchange. And according to the man behind the ETF, increased institutional interest in crypto may follow the listing later this year. The exchange said that it is the Brazilian…
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One of the biggest crypto exchanges might be sold as South Korean market-leader Bithumb is reportedly looking for a buyer. Per Herald Kyungjae, undisclosed investment banking sources have told the media outlet that Bithumb operator Bithumb Holdings is actively looking for a way out of the market. The holding firm owns a 74% stake in…
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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. Exchanges news Binance CEO, Changpeng Zhao, announced the creation of the so-called Innovation Zone, which the post said will allow users to trade newer token offerings from their Binance account, while also Read…
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Documents uncovered by an investigation conducted by 110 news organizations appears to show global banking giants moving trillions of dollars for clients allegedly involved in fraud, embezzlement, money laundering and more, as the banks defend themselves against the allegations. Meanwhile, the crypto community appears to be divided as to whether it spells good news for…
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The combined moving 7-day average crypto market sentiment score (sentscore) for the top 10 coins by market capitalization, as shown by crypto market sentiment analysis service Omenics, has seen a slight rise from last week’s 5.12 to 5.22 seen today. This still doesn’t bring it back to even the 5.55 recorded two weeks ago, let…
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After a clear break above USD 11,000, bitcoin price faced resistance near USD 11,200. BTC started a downside correction and it is currently (08:30 UTC) trading below the USD 11,000 level. It seems like the price is stuck in a range above the USD 10,750 support level. On the other hand, most major altcoins are…
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Adobe Aliaksandr Marko The Norwegian Government Pension Fund, known as the world’s largest sovereign wealth fund, indirectly owns nearly 578 bitcoin (BTC) – currently worth USD 6.2 million – through its investment in MicroStrategy, the publicly traded US-based software company that made headlines earlier this year after it invested a large chunk of its cash…
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By 2024, the EU reportedly aims to introduce new rules to make cross-border payments quicker and cheaper through the use of blockchain and cryptoassets and hopes that it might increase potential added value in the sector by EUR 27bn-EUR 55bn. The EU executive will present a draft law to clarify how existing rules apply to…
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After the Bitcoin (BTC) mining difficulty jumped sharply today, mining has become 20% more difficult than right before the third BTC halving in May. However, in the same period of time, the price of the most popular cryptocurrency rallied by 27%, saving miners’ profit margins. On Sunday morning (UTC time), mining difficulty, or the measure…
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With just months to go before new legislation comes into force requiring all of South Korea’s crypto exchanges to implement strict anti-money laundering (AML) policies, the race is now on to adopt solutions ahead of time – and avoid falling foul of the law. So which AML solutions are South Korean crypto exchanges adopting ahead…
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