The crypto exchange cited Coin Center’s work in challenging the proposed FinCEN self-hosted wallet rule as well as the STABLE Act from the U.S. government. Kraken has pledged $100,000 to Coin Center, a cryptocurrency advocacy group based in Washington D.C. In a blog from the crypto exchange today, Kraken said it had donated the funds…
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A Melvin Capital client claims that the firm has “massively de-risked” its investment portfolio following the controversy involving short-selling GameStop stocks. Melvin Capital started 2021 with $12.5 billion in assets before retail investors from Reddit caused the firm to lose billions on its GameStop short positions. According to a Wall Street Journal report, the hedge…
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More than 200,000 Redditors joined the page last week. One of the most well-known online Bitcoin communities passed two million subscribers in a surge of activity on Friday, purportedly due to the media attention over the r/Wallstreetbets subreddit. According to the Metrics For Reddit analytics website, the subreddit r/Bitcoin has 2,184,941 subscribers at the time…
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Larry Fink said he was fascinated with the media hype surrounding Bitcoin but expressed concerns about the crypto asset’s volatility and market size. Just one week after asset manager Blackrock appeared to be preparing to invest in Bitcoin futures, CEO Larry Fink has some mixed messages on crypto. In an interview with Bloomberg on Wednesday,…
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The investment firm said it had no plans to sell shares of its Bitcoin trust in the U.S. Canada-based investment manager Ninepoint Partners has launched trading for shares of the firm’s Bitcoin Trust on the Toronto Stock Exchange. According to an announcement today, Ninepoint has completed an initial public offering, or IPO, for its Bitcoin…
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“I have resigned from the CEO and Chairman of Bitmain as of today,” said Jihan Wu. The power struggle between Bitmain co-founders Micree Zhan and Jihan Wu appears to be at an end. In a tweet on January 26, Wu announced his decision to step down from the company. The now former CEO and Chairman…
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“Bitcoin is neutral like cash, and can’t discriminate between good and bad,” said Gladstein. Alex Gladstein, chief strategy officer at the Human Rights Foundation, is warning Americans about the narrative coming from media outlets reporting on crypto and other privacy tools. In an article for Time Magazine published today, Gladstein said that many news outlets…
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The Bank of International Settlements has outlined plans to embark on a variety of CBDC trials worldwide this year. CBDC research has been announced as a top priority for the Bank for International Settlements’ Innovation Hub, or BISIH, in 2021. According to its annual work program, BISIH, plans to “explore the feasibility of faster and…
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“Only by widening the playing field and facilitating more participation will crypto reach and maintain a market cap of $2 trillion and beyond.” A new report from advisory firm Aite Group, that was commissioned by exchange platform eToro, reveals there are still barriers hindering institutional adoption of crypto. Based on interviews with 25 institutional market…
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To comply with Dutch regulations, Netherlands-based Bitstamp users can no longer make withdrawals without first providing photographic proof they own the recipient wallet. Digital asset exchange Bitstamp has reportedly banned Netherlands-based users from withdrawing crypto to external wallets without first verifying they own the receiving address. According to a letter authored by Bitstamp that was…
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