In the past few sessions, there was a decent improvement in the crypto market sentiment as bitcoin price climbed back above USD 7,000. BTC/USD even tested the USD 7,450 and USD 7,500 resistance levels. The price is currently (09:00 UTC) consolidating above USD 7,000 and it could start a fresh increase. Likewise, most major altcoins,…
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While critics highlight volatility and price declines, BTC investors have in fact only lost money on 11% of the days the cryptocurrency has existed. Bitcoin (BTC) has beaten gold in terms of returns by such a large amount this decade that investors have firmly dismissed recent price declines. Data from monitoring resource Blockchain shows that…
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Private equity and hedge fund manager Fortress Investment Group is redoubling its efforts to buy up Bitcoin claims from Mt. Gox creditors. In the countdown to the new year, private equity and hedge fund manager Fortress Investment Group is redoubling its efforts to buy up Bitcoin (BTC) claims from Mt. Gox creditors. A Bloomberg report…
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Mark Karpeles, the former CEO of Mt. Gox. U.S. private equity and hedge fund firm Fortress Investment Group is intensifying efforts to take over creditor claims from the defunct cryptocurrency exchange Mt. Gox. Earlier this month, the New York-based company sent letters to the exchange’s creditors, offering to buy up their claims, but at 70%…
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SBI will invest an undisclosed amount in Boerse Stuttgart Digital Exchange and Boerse Stuttgart Digital Ventures to drive crypto adoption. Japanese financial services giant SBI has partnered with Germany’s second-largest stock exchange Boerse Stuttgart Group to promote the adoption of digital assets. Specifically, SBI will invest an undisclosed amount in two digital asset-focused subsidiaries of…
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Cryptocurrency exchanges have improved their security, though they’re still prone to hacking attacks. How can exchange operators handle such threats? Crypto investors have come to rely on crypto exchanges because they provide liquidity, a wide range of trading pairs and convenience. Given the great benefits offered by crypto exchanges, direct peer-to-peer transactions are still less…
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Ripple, the major blockchain payments firm behind XRP, the third biggest altcoin by market cap, has raised $200 million in Series C led by Tetragon. Ripple, the blockchain payments firm behind XRP, the third biggest altcoin by market cap, has raised $200 million in a new funding round. Led by closed-ended investment company Tetragon, the…
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Binance has made a strategic investment in Alameda Research-backed crypto derivatives exchange FTX. Binance, the second-largest crypto exchange by daily traded volume, has made a strategic investment in crypto derivatives exchange FTX. According to a Dec. 20 announcement, Binance has made both an equity investment in FTX and is taking a long term position in…
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Boerse Stuttgart Group (BSG), the operator of the second-largest stock exchange in Germany, and Japanese financial giant SBI Group has partnered in order to create a “global end-to-end ecosystem for digital assets.” Moreover, SBI Holdings will invest in Boerse Stuttgart Digital Exchange GmbH (BSDEX) and plans to invest in Boerse Stuttgart Digital Ventures Read more…
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The world’s largest diamond mining firm, Alrosa, has partnered with Tencent, the operator of Chinese social media giant WeChat, on a new blockchain-powered e-commerce project. The world’s largest diamond mining firm, Russia’s Alrosa, has partnered with Tencent, the operator of Chinese social media app WeChat, on a new blockchain-based e-commerce project. Together with blockchain platform…
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