Caitlin Long. Source: A video screenshot, Youtube/ReasonTV A new crypto-focused bank is set to open in 2021 in the U.S. state of Wyoming in order to provide institutional-level investment infrastructure for cryptoassets, while abiding by strict regulatory requirements. The company, called Avanti Bank, is already seed-funded and has partnered with major, Canada-based blockchain company Read…
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In a mainstream media interview, Draper surprises by confirming he was out of the market for half a year, doubling down on crypto instead. Tim Draper now holds “a lot” of his portfolio in Bitcoin (BTC) after pulling his wealth out of public stock markets six months ago. Speaking to CNBC on Feb. 24, the…
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Jan Oblak, the goalkeeper for Spanish club Atlético Madrid. Source: a screenshot, Instagram/atleticomadrid One of Spain’s top financial regulators has warned top-tier professional football clubs in the country that their sponsorship deals – including many made with cryptocurrency-related companies – could be “toxic.” Sports newspaper AS says it has seen a report compiled by the…
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The Japan-based cryptocurrency exchange announced a 12th currency would soon be available for trading. Japan may be on its way to creating a state-issued digital currency, but local companies in the world’s third-largest economy can still innovate and provide some healthy competition. Coincheck, the crypto exchange based in the Asian nation, currently handles trading, selling,…
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Yesterday, bitcoin struggled to continue higher above the USD 9,850 resistance area. As a result, BTC/USD started a fresh decrease and broke the USD 9,650 support area. The price is now trading near the USD 9,550 support, below which it could accelerate its decline towards USD 9,200. Similarly, there were bearish moves in most major…
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Warren Buffett recently said that he does not own any cryptocurrency, but Tron founder Justin Sun said that this is not the case. Warren Buffett recently said that he does not own any cryptocurrency, but Tron (TRX) founder Justin Sun begs to differ. Speaking to CNBC reporter Becky Quick on Feb. 24, billionaire Buffett said…
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Boerse Stuttgart has listed an exchange-traded product that is inversely correlated to Bitcoin’s price swings. Investors looking to short Bitcoin (BTC) have a new option in Germany. On Feb. 25, Boerse Stuttgart — the country’s second-largest stock exchange — announced the listing of an exchange-traded product (ETP) that is inversely correlated to the cryptocurrency’s price…
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Crypto-supporting banking app Revolut has raised $500 million in a fresh funding round and tripled its valuation to hit $5.5 billion. United Kingdom-based digital bank Revolut has raised $500 million in a fresh funding round and tripled its valuation to hit $5.5 billion. This, as the Financial Times reported on Feb. 25, makes the crypto-supporting…
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The Internal Revenue Service classifies crypto as property and now wants to know whether or not you acquired any financial interest from cryptocurrency in the last year. When you file your taxes this year, the Internal Revenue Service will ask you a simple question: “At any time during 2019, did you receive, sell, send, exchange…
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The lawsuit against Tether is proceeding, but first a New York judge needs to decide which law firm takes lead on the case. In a U.S. courthouse for the Southern District of New York, Judge Katherine Failla heard this afternoon from three plaintiff teams suing iFinex et. al. and vying to serve as lead counsel…
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