Bitcoin’s decoupling from stocks began within days of its NVT price hitting an all-time high, according to Willy Woo. Bitcoin (BTC) has started to decouple from the U.S. stock market index S&P 500 according to crypto statistician Willy Woo. First signs of de-coupling behaviour spotted between BTC and stocks. Buying from an influx of new…
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The CEO of Mastercard believes Bitcoin is too volatile and opaque to drive financial inclusion, however, CBDCs are a different story. Bitcoin cannot function as an inclusive currency for the unbanked due to its volatility, Mastercard CEO Ajay Banga said during Tuesday’s Fortune Global Forum conference. He also cited a lack of knowledge about who…
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Microstrategy CEO Michael Saylor plans to hold his Bitcoin for 100 years, describing it as “the world’s best collateral.” Microstrategy CEO Michael Saylor said he will hold his company’s Bitcoin (BTC) for 100 years, and has no intention of selling it. On Aug 11, the business intelligence firm announced it had purchase of 21,454 BTC…
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Of the 450 million new USDT tokens, more than 185 million have been distributed with 126.9 million USDT going to Binance alone The Tether (USDT) Treasury has minted almost half a billion new USDT tokens and distributed more than 185 million tokens to exchanges and other addresses in the last 36 hours. As shown by…
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True decentralization will take time, U.S. presidential candidate Brock Pierce suggests, citing DeFi as a crucial stepping stone towards this end. U.S. presidential candidate Brock Pierce believes true decentralization, in its purest form, does not exist today, and is not practical in the near future. He told Celsius founder and CEO Alex Mashinsky in an…
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The average Bitcoin transaction is now worth more than $150,000. The average value of Bitcoin (BTC) transactions has increased dramatically since July this year. The average transaction value was sitting at approximately $25,000 per transaction four months ago, but posted a yearly high on Oct 20 at $151,000 per transfer — representing an increase of…
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Yusaku Maezawa. Source: Twitter/@yousuck2020 The chief technical officer (CTO) of Japanese crypto exchange DeCurret has teamed up with Yusaku Maezawa, the founder of clothing e-commerce giant ZOZO, to co-create a new fintech payments business. Maezawa is a Japanese billionaire and entrepreneur, and his Start Today enterprise debuted in the late 1990s, with the hugely popular…
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A group of North Korean hackers that have allegedly made a name for themselves by targeting American-based crypto firms appears to have upped its ante – and is now reportedly targeting Russian and other international defense companies. Per Kommersant, Anastasia Tikhonova, head of sophisticated threats research at Group-IB, the group, known as Kimsuki (variously Read…
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Power Finance, led by a former PwC partner, plans to launch a New Zealand digital dollar stablecoin early next year. New Zealand-based financial services company Power Finance plans to launch what it’s calling a “world-first” digital version of the New Zealand dollar. Set to launch early next year, the digital currency will employ distributed ledger…
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The long awaited EIP-1559 would have seen almost 1 million ETH burnt in the last 365 days if it had been implemented, but miners are yet to get on board. The controversial Ethereum Improvement Proposal (EIP) 1559 would have burnt 970,000 Ether (ETH) — with a total value of $360 million — in the last…
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