In a hearing on Thursday, the Congressional Fintech Task Force questioned expert witnesses on the outlook for consumer data protection in a quickly changing industry. On Nov. 21, the United States Congressional Task Force on Financial Technologies held a hearing on the role of big data in financial services. The last major legislation focused on…
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As Bitcoin drops to lows not seen since May, Peter Brandt warns another protracted bear market could engulf the cryptocurrency and last until next July. Bitcoin (BTC) could spend months trading at $5,500 before it recovers, one of the best-known analysts in the industry has warned. In a tweet on Nov. 21, Peter Brandt revealed…
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Could allocating your capital into various crypto assets bring more profit? Here are some tips about crypto portfolio diversification. What’s an effective way to diversify a crypto portfolio? Are crypto assets able to be diversified at all? These are the questions that many “Hodlers” have been asking. The slow bleed of Bitcoin (BTC) and other…
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This week Bitcoin price dropped 14.3%, leading veteran trader Scott Melker to open a long position at $6,900. This has been a mixed week, with some small gains and losses on Bitcoin (BTC) longs and small earnings on alt trades which I will discuss in the coming weeks. I would like to take this opportunity…
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Singapore-based blockchain firm BCB Blockchain has signed a memorandum of agreement with the Philippines to support the development of local tech startups. Singapore-based blockchain firm BCB Blockchain has signed a memorandum of agreement (MoA) with a branch of the Philippines’ Department of Science and Technology (DOST) to support the development of local smart cities. Per…
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Malta-based cryptocurrency exchange OKEx has secured support from four new partners, including hardware crypto wallet Ledger, for its utility token OKB. Malta-based cryptocurrency exchange OKEx has secured support from four new partners, including hardware crypto wallet Ledger, for its utility token OKB. OKEx announced the news in a press release shared with Cointelegraph on Nov.…
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Grayscale Bitcoin Trust may become the first SEC-reporting crypto-based security, potentially signifying a trend for more transparency. On Nov. 19, Grayscale Investments, a subsidiary of Digital Currency Group and the world’s largest digital asset manager, filed a voluntary registration statement on Form 10 with the United States Securities and Exchange Commission on behalf of its…
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Oman Oil and Orpic Group and HSBC Bank Oman SAOG have conducted the country’s first blockchain-based trade finance transaction. Oman Oil and Orpic Group and HSBC Bank Oman SAOG have conducted the first trade finance transaction on the blockchain in the country using R3’s Corda platform. As news publication the Oman Observer reported on Nov.…
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Chinese authorities shut down local cryptocurrency exchange BISS, and arrested 10 people suspected of being involved in its operations. Chinese authorities shut down local cryptocurrency exchange BISS and arrested 10 people suspected of being involved in its operations. Local media Sohu reported on the actions undertaken by Chinese authorities on Nov. 22. However, the date…
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CFTC chairman Heath Tarbert has called for “principles-based regulation” for crypto, advocating for a period of observation. The chairman of the United States Commodity Futures Trading Commission (CFTC) has called for “principles-based regulation” for cryptocurrencies. Heath Tarbert, who assumed his post following former Chairman J. Christopher Giancarlo in July 2019, stated that taking such an…
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