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Crypto.com Lands Australian Financial Service License (AFSL)

2 days ago

The Crypto.com company currently serves up to 5 million customers providing them with a powerful alternative to traditional financial services.Payment service provider Crypto.com has secured the Australian Financial Service License (AFSL), further advancing the platform’s reach to expand its services to the Australian populace. According to a press release shared with Coinspeaker, Crypto.com secured the Australian Financial Service License following the acquisition of The Card Group Pty Ltd, a New South Wales payment firm that is licensed by the Australian Foreign Investment Review Board.Finding favor with regulators around the world has proven to be a bit of a task for cryptocurrency-based firms around the world. With different country’s regulators having different regulations when it

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Pfizer and BioNTech COVID-19 Vaccine Approved for Use by UK

2 days ago

The Pfizer and BioNTech COVID-19 vaccine is now clinically safe and would be made available for use by next week with priority given to the most vulnerable group.The UK on Wednesday took a very bold step to authorize the Pfizer Inc (NYSE: PFE) and BioNTech SE (NASDAQ: BNTX) COVID-19 vaccine for emergency use through the Medicines and Healthcare Product Regulatory Authority (MHRA). This has made them the first country in the West to approve the immunization against the global pandemic.The spokesman for the Department of Health and Social Care announced:“The government has today accepted the recommendation from the MHRA to approve Pfizer/BioNTech’s Covid-19 vaccine for use.”The Pfizer and BioNTech COVID-19 vaccine is now clinically safe and would be made available for use by next week with

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BB Stock Up 20%, BlackBerry Partners with AWS to Integrate Sensor Data in Vehicles

2 days ago

At the beginning of the year, BlackBerry announced that it has joined forces with AWS to demonstrate a connected vehicle software platform for in-vehicle applications.Shares of Canadian enterprise software company BlackBerry Ltd (NYSE: BB) were up over 20% during Wednesday’s pre-market to trade around $9.50. At the time of writing, in the pre-market, BlackBerry stock is trading at $7.76 (+10%). Moreover, BB shares closed yesterday at $7, approximately 20% up.The spike is largely attributed to news that the company is set to partner with Amazon Web Services (AWS) to jointly develop and market its vehicle data integration and monitoring platform, IVY.BlackBerry shares have been on the winning side for the better part of the year, with the gains magnified in the past few months. According to

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Crypto Donations: Bitcoin Tuesday to Raise $1M Today and Give to Charities

2 days ago

As the holiday season approaches, charities are getting ready to receive donations of various cryptocurrencies. One such worldwide crypto-focused charity event started on December 1.Started from December 1, the crypto-based charity event, dubbed Bitcoin Tuesday, looks to raise donations amounting to at least $1 million beginning today and through the month of December. The Giving Block, a crypto donations platform, spearhead the donation drive again this year, only that the fundraising target this month places it as one of the largest crypto-based charity events ever.To make the charity drive successful, the donations platform has attracted 30 blockchain companies and over 120 nonprofits to partner with it. Gemini, Flexa, Ledger, Celsius Network, Blockfolio, 0x, and Maker are a couple of

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Xiaomi Suspends Trading on HKEX after Record Stock Placement

2 days ago

Xiaomi has seen significant growth this year owing in part to the woes of its major competitor Huawei that is caught in between the polarized US-China trade wars.Chinese mobile smartphone maker Xiaomi Corp (HKG: 1810) has suspended its trading on the Hong Kong Stock Exchange (HKEX) following its latest stock placement that ranks as one the biggest the city has ever recorded. Per a report from Business Times, Xiaomi revealed in a Hong Kong exchange filing that trading would be halted Wednesday, without stating any reasons.Per the reports, Xiaomi has yet to disclose the full details of the stock placement sales, the record secured by Bloomberg revealed that the company sold 1 billion shares at the lower range of HK$23.70 each to pull off about USD3.1 billion. This placement share sale comes

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DoorDash Hopes to Secure $2.8B in IPO to Raise Company’s Valuation to $32B

2 days ago

As DoorDash gears towards its IPO, the food delivery app is set to join its competitors that are already publicly traded.The US leading food delivery app DoorDash is hoping to be valued at $32 billion after securing about $2.8 billion in an upcoming initial public offering (IPO). The company plans to list its shares on the New York Stock Exchange (NYSE) with the ticker “DASH.” DoorDash Seeks $32 Billion Valuation in IPOAccording to a filing on the 30th of November, DoorDash plans to offer a total of 33 million shares. As stated in the filing, the company plans to sell each share between the prices of $75 and $85. Upon a successful IPO, the company seeks to be valued at $32 billion on a fully diluted basis. On the 13th of November, DoorDash filed for an IPO with the US Securities and

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Airbnb Sets to Raise $2.5B via IPO Later This Month

2 days ago

Airbnb bookings have dropped significantly during the coronavirus pandemic, with over 41% while the company is planning its IPO.American vacation rental online marketplace platform Airbnb is set to raise up to $2.5 billion through an initial public offering later this month. The Airbnb company has set the price range per share between $44 and $50 according to its IPO prospectus. Hereby raising its market valuation to $35 billion on a fully diluted basis.The company’s core business has significantly been affected by the ongoing coronavirus crisis as more people remain indoors to avoid contracting the virus. However, market data indicates it has performed fairly in comparison to its peers.Notably, existing investors anticipate selling Airbnb stake worth $96 million during the IPO. The raised

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BlackRock CEO Backs Bitcoin to Become Global Asset

2 days ago

The BlackRock CEO in the interview revealed that the global possession of Bitcoin affects the US dollar in real-time.The CEO of BlackRock Larry Fink in an interview with Mark Carney, the former governor of the Bank of England declared that Bitcoin may evolve to become a global market asset. Fink made it clear in a statement that the Bitcoin market is relatively smaller compared to the others, and the fact that it moves almost everyday places it in a key position to be globally recognized as such.Fink stated:“Bitcoin has caught the attention and the imagination of many people. Still untested, pretty small market relative to other markets.”The leading cryptocurrency defied all odds to bounce back to trade near its all-time high in the last few weeks.BlackRock is currently the leading asset

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Nearly 20% of PayPal Users Trade Bitcoin Using PayPal App

2 days ago

However, the survey revealed that PayPal has a challenge with making non-Bitcoin traders grow interests in digital assets.About 20% of all PayPal Holdings Inc (NASDAQ: PYPL) users have traded Bitcoin via the PayPal app. CoinDesk noted that the data was revealed by investment banking company Mizuho Securities on the 2nd of December. According to Mizuho’s survey, 65% of 380 PayPal users would make their payments in Bitcoin to PayPal’s 28 million merchants across the world. Also, the survey showed that 17% of all users had purchased and sold Bitcoin on the PayPal app. The survey report by Mizuho showed:“About 50% of PayPal bitcoin traders reported usage of the PayPal app after beginning to trade bitcoin. This compares with just who reported reduced engagement.”Bitcoin Trading via PayPal AppIn

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BlockFi and Visa Partner to Launch Bitcoin Rewards Credit Card Early 2021

2 days ago

The rewards credit card users will receive 1.5% back on all purchases made using the card to be launched in Q1 2021.BlockFi, a New York-based cryptocurrency lender, just added “payments” to its list of products and services. BlockFi announced on December 1st that in collaboration with payment service Visa Inc (NYSE: V), it will be launching a Bitcoin rewards credit card early next year, the first of its kind.Unlike traditional credit cards that offer air travel miles, cash backs, discounts or gift cards, Bloomberg reports that users of this new credit card will receive 1.5% back on all purchases in Bitcoin. This well-timed move comes as the public takes on a more favorable view of cryptocurrencies.Existing and new BlockFi account holders will be able to register and join a priority list

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Ethereum 2.0: Beacon Chain Upgrade Goes Live

3 days ago

The launch of Ethereum 2.0 today will be followed by other significant events including the ushering in of the Shard Chains and subsequently the merger of the current PoW Ethereum and the PoS Ethereum.The long-awaited launch of the Ethereum 2.0 upgrade has been initiated as Phase 0 of the Ethereum network has gone live. According to a report by Decrypt, the launch of Phase 0 of the beacon chain which is also called the Beacon Chain represents the first step in the full migration from the current Proof-of-Work (PoW) mechanism to the Proof-of-Stake (PoS) mechanism.The push for a new model to secure the Ethereum Network has been on for a while as the network faces scalability issues. The Ethereum Network has been perpetually faced with pressure especially in relation to the blockchain-based

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Pfizer and BioNTech Seek Approval for Coronavirus Vaccine in Europe

3 days ago

American pharmaceuticals giant Pfizer Inc (NYSE: PFE) and German biotech firm BioNTech SE (NASDAQ: BNTX) have submitted applications for their coronavirus vaccine in Europe. The two believe they will receive the nod to roll out the vaccine in Europe before the end of 2020. In a press release, Pfizer and BioNTech revealed they had applied for conditional marketing authorization (CMA) in Europe from the European Medicines Agency (EMA). A CMA is granted to firms whose medicines “address unmet medical needs of patients,” the European regulator states on its website. To receive a CMA, a company must prove that “the benefit of immediate availability outweighs the risk of less comprehensive data.”As the two companies indicated, receiving the CMA will allow them to roll out their BNT162b2 vaccine

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Ethplorer Bulk API Monitor Launched: Better Way of Tracing Ethereum Addresses

3 days ago

Ethplorer isn’t the only Ethereum tracking service out there. What makes it unique is its ability to track any number of addresses and transactions – millions if needed.Explorers are blockchain search engines that enable the tracking and gathering of on-chain details and statistics. Every public chain has its explorer for developers and users to keep tabs on on-chain activities and vital metrics. There are several blockchain viewers in Ethereum, one of them is Ethplorer.Because public chains are transparent, developers can use blockchain explorers to access and even extract different details related to wallets, transactions, rich lists, messages, and so forth.Focus on Ethereum TokensThe presence of free tools to track ETH and tokens helps in the adoption of smart contracts and blockchain.

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Blockchains Acquires Cambridge Blockchain Backed by PayPal

3 days ago

Just over a year ago, Blockchains LLC also acquired Slock.it, an Ethereum startup, and made their founders the director of blockchain development and the Vice President of the technology.Blockchains LLC has announced its acquisition of Cambridge Blockchain pending the release of their unhosted wallet in 2021. According to Lee Weiss, the Blockchain Executive Vice President, they made the initial contact with Cambridge, and after agreeing on a discussion, Blockchains realized that they have a similar ethos. They concluded and closed the deal just last week.Just over a year ago, Blockchains LLC also acquired Slock.it, an Ethereum startup, and made their founders the director of blockchain development and the Vice President of the technology according to multiple reports. Cambridge blockchain

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Nio Stock Drops Over 5% Despite Posting Record-High Sales in November

3 days ago

Nio has delivered 36,721 electric vehicles since the calendar flipped in January 2020. Hereby representing a rise of approximately 111.1% year-over-year.Shares of Chinese electric vehicle company Nio Inc (NYSE: NIO) were down approximately 6.43% on Tuesday to trade around $50.53. At the time of writing, Nio stock is down 5.30%, trading at $47.86. The drop in Nio stock price is in contrast with the record-high sales reported for November. Whereby, Nio delivered 5,291 vehicles in November 2020, increasing by 109.3% year-over-year.Nio Sales“The deliveries consisted of 1,387 ES8s, the Company’s 6-seater and 7-seater flagship premium smart electric SUV, 2,386 ES6s, the Company’s 5-seater high-performance premium smart electric SUV, and 1,518 EC6s, the Company’s 5-seater premium electric coupe

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Amazon Biggest Turnover: Sellers Rack Up $4.8B in Global Sales Over Holiday Weekend

3 days ago

Retail giant Amazon increases its sales by over 60% from the past year during the Black Friday and Cyber Monday period.On Tuesday, Amazon.com Inc (NASDAQ: AMZN) revealed that the independent businesses, both small and medium-sized, had surpassed $4.8 billion in worldwide sales. Specifically, during this holiday season, over 71,000 small- and medium-sized businesses globally had made sales worth more than $100,000. Interestingly, an average of 9500 products was sold every minute during this holiday season.Early Deals Lead to Record-Breaking DemandsIn the US, Black Friday-worthy deals started dropping on October 15. From there, the Holiday Dash deals event continued through Black Friday and Cyber Monday, giving shoppers awesome offers.During this season, Amazon has experienced a

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BTC Analysis: It Only Dropped To Test The Support

3 days ago

Bitcoin nailed a new all-time-high at $19 906 today in the wake of setting a new ATH yesterday at $19 856. The most anticipated $20K is yet to be reached, and according to the price action, establishment of a new ATH at levels around $20K is still possible.Bitcoin attracts investors not only because it is considered a safe-haven asset but for its YTD returns and volatility. As the COVID-19 pandemic goes on and public holidays approach and the vaccine is yet to be approved, we might face another wave of coronavirus infections. The same was warned by the German Federal Chancellor Angela Merkel yesterday: “We’ll have to be very, very careful during the winter, otherwise we’ll end up directly in the next wave.” With that being said there were many examples lately where Bitcoin was a hand

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Yearn.Finance Season of Mergers, Sushiswap Now Next on The List

3 days ago

Decentralized Finance (DeFi) protocol Yearn.Finance is advancing in its season of mergers with the latest announcement coming in to feature another DeFi notable DeFi giant SushiSwap.As reported by The Block, the merger between Yearn.Finance and SushiSwap is the former’s fifth merger and showcases the protocol’s effort to keep bringing in value into the DeFi ecosystem.The decentralized finance ecosystem is already seeing impressive momentum as DeFi protocols dedicated to lending and borrowing, cryptocurrency swapping, and other decentralized finance offerings permeate the cryptospace. With the advances shown as marked by the embrace of the products by people, the move to bring in the mergers of different protocols may further help to accelerate the mainstream adoption and growth of

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GitLab Employees to Sell Off Equity that Values Them Over $6 Billion

3 days ago

GitLab will soon go public and according to information, the decision is to allow employees to get hold of some liquidity before the company makes an announcement on its market debut.A recent report has revealed that GitLab plans on allowing employees to sell off their equities that values the company at more than $6 billion in an offering. GitLab Inc was created in 2014, and as an open-source code collaboration web-based platform, it provides the grounds for developers to review codebase after creating them. In 2019, Goldman Sachs and Iconiq Capital led around to raise about $270 million for the company. The company was then valued at around $2.7 billion. Interestingly, the equity to be sold off by the Employees more than doubled this valuation.Just recently, Toast, a company that

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Global Stock Markets Outperformed US in November 2020

3 days ago

The European stocks recovered significantly on the positive news about the COVID-19 vaccine as drugmakers gear up for mass production and distribution and await FDA approval. The Asia markets are looking positive as China’s growth picks up.The last month of November 2020 ended with global stock markets closing on bumper gains and outperforming the US indices by a good margin. All the positive news of the vaccine has brought fresh hope to the world of the economic activity coming back to the pre-COVID era faster than expected.Moreover, the continuous stimulus support coming from central has brought investor confidence to new highs. In November, investors were more confident about buying stocks on hopes of market recovery. Drugmakers like Moderna Inc (NASDAQ: MRNA) and Pfizer Inc (NYSE: PFE)

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Nikola Shares Drop 24% after GM Scales Down Partnership Deal

4 days ago

Nikola shares have been on a rollercoaster in the past few months. In early September, the company registered a spike after it announced the GM partnership. However, shortly after, Hindenburg Research published a report that claimed Nikola had deceived investors to bump up its price. The short seller pointed to Trevor Milton, the founder and chair of the company, as the perpetrator. While Nikola denied the charges, Milton eventually stepped down as chair.However, shortly after, GM CEO Mary Barra confirmed that her company was still determined to work with Nikola. In an interview with Bloomberg, Barra reassured investors that the two were laboring to get started on the Nikola Badger. Nikola shares shot up 11% following the announcement. Nikola’s share price is just one of the many in the

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TRON Partners with Huawei to Offer BitTorrent to Over 3B Huawei Users

4 days ago

Already four of Tron’s applications including BitTorrent, BitTorrent Pro, uTorrent, and uTorrent Pro have become available in the Huawei ecosystem.Tron Foundation, a leading decentralized protocol working to advance the decentralization of the internet and its infrastructure, has strategically partnered with Huawei, one of the leading telecommunication companies, to list BitTorrent on its latest devices.Apparently, over 3 billion Huawei users in over 170 countries will now access BitTorrent services on their mobile gadgets. The Tron portfolio project will be available on the latest Huawei devices through the AppGallery.“This is another huge milestone for TRON and BitTorrent to be listed by one of the largest Android manufacturers in the world,” says Justin Sun, Founder of TRON and CEO of

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Former Chief Digital Officer at LMVH Joins Ledger

4 days ago

Rogers’ entry into the Ledger ecosystem coincides with the ongoing crypto hype that has seen most crypto assets rally in double digits in the past 30 days. After working at LVMH (Moët Hennessy Louis Vuitton) since 2015 as the chief digital officer, Ian Rogers has joined the crypto hardware wallet Ledger as the chief experience officer.In his new role at Ledger, Rogers will be involved in taking charge of business-to-consumer operations and “reinventing the user experience” of Ledger’s products.Ledger has managed to develop a tamper-proof hardware wallet that supports dozens of existing crypto assets. Hereby providing protection from attacks such as phishing attacks that siphon users coins from hot wallets. In addition, ledger customers are shielded from exit scams involved with different

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Dchained: Bringing Crypto Investment Literacy to Ordinary People

4 days ago

Dchained is an internet-based crypto information portal filled with all the recent newsletters and articles from experts in the industry.With the right information and resources, cryptocurrencies don’t need to be complicated after all. For a lengthy period, cryptocurrency investment is believed to be off-limits and unreachable by many people due to its sophisticated nature. Most of the available materials regarding cryptocurrencies on the internet are available in a massively technical and expert language.As such, this makes digital assets a daunting investment option for many investors out there. Due to this problem, Edmund McCormack, an entrepreneur, and a Global Executive Leader embarked on a challenge to avail crypto investment literacy to the random and beginner investors. Using his

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DeFi Project Basis Cash Brings Its Defunct Stablecoin Back into Market

4 days ago

The DeFi project will link the Basis coin to two other crypto assets: Basis Shares and Basis Bonds. These assets shall control the price of BAC at $1 based on the supply and demand.Decentralized finance (DeFi) project Basis Cash has relaunched its earlier defunct stablecoin Basis back in the market. Stablecoin Basis, previously called Basecoin, had secured $133 million in funding just before the crackdown by the US SEC but had to return everything after the regulatory action.On Monday, November 30, the DeFi project has opened up its smart contracts back. Speaking to CoinDesk, the Basis project leaders with anonymous names “Rick” and “Morty,” said:“In the long term, we look forward to seeing Basis Cash be used widely as a base layer primitive such that there is organic demand for the asset

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Pizza Hut Now Accepts Bitcoin Payments in Venezuela

4 days ago

Pizza Hut, which has over 18,700 outlets globally, joins Burger King Venezuela in accepting cryptocurrency payments. As Coinspeaker reported, Burger King also partnered with CryptoBuyer on the initiative. It accepts Bitcoin, Binance Coin, Tether, Litecoin, Dash and Ethereum.South America Setting the PaceSouth America has emerged as one of the leading hubs in cryptocurrency payments. While the US, East Asia and Europe lead in cryptocurrency trading and speculation, Latin America has been using cryptocurrencies for day-to-day payments.Venezuela has been one of the best illustrations of cryptocurrencies solving challenges for ordinary people. The country has been embroiled in a political stalemate, fueled largely by interference from the US on one side and Russia and China on the other. The

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Roadmap Outlined to Eliminate Huawei 5G Equipments from UK by September 30, 2021

4 days ago

UK legislators are set to debate the new Telecommunications Security Bill – which encompasses the new rules on Huawei – at second reading in Parliament.It was a huge blow to the Chinese telecommunication company Huawei Technologies Co Ltd after the United States banned its services based on security reasons, but it has become a much worse case after the company lost the United Kingdom market. On Monday, Britain outlined a clear roadmap to eliminate Huawei 5G equipment from UK telecommunication carriers by September 30, 2021. Meanwhile, UK carriers have up to the next twelve months to get 5G equipment supplies from Huawei as they seek for alternatives.Citing security risks, Digital Secretary Oliver Dowden said on Monday the country will no longer have ‘high risk’ vendors supplying 5G

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Tokyo Stock Exchange CEO to Resign over October System Glitch

4 days ago

Last month’s system failure in the Tokyo Stock Exchange has caused the bourse’s operator wants to step down. Japan’s financial regulator faced rebuke following the disruption of the system that halted trading for an unprecedented full-day.On Monday, the TSE’s president and chief executive Koichiro Miyahara revealed his plans to resign from the post. Akira Kiyota, CEO of Japan Exchange Group (JPX), owner of the exchange, will take over the presidency of the Tokyo Stock Exchange.Japan’s financial regulator served both the TSE and Japan Exchange Group with a business improvement order over the disruption. In order to appease various stakeholders, Kiyota apologized at a news conference for the outage that caused major inconvenience.Tokyo Stock Exchange CEO Admits Responsibility for the System

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New Era of DeFi: xSigma

4 days ago

The soon-to-be-launched xSigma DEX will be a game-changer for the nascent defi industry as it seeks to resolve the underlying problems of non-custodial trading.Decentralized finance (defi) burst onto the scene in 2020, as investors rallied behind the enormous potential of peer-to-peer financial services. However, these investors quickly realized that defi protocols are fraught with issues ranging from a faulty user experience to impermanent loss. Market volatility, pricing error and downright scams also made it difficult to navigate this burgeoning ecosystem.Following more than two years of intensive research and development, xSigma has arrived just in time to fix the myriad of issues holding back the defi movement. As the first defi project to be backed by a Nasdaq-listed company ZK

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Raoul Pal to Liquidate His Gold to Invest in Bitcoin and Ethereum

4 days ago

According to reports, 98% of Raoul Pal’s liquidated net worth would be invested in Bitcoin and Ethereum in the ratio 80:20.Raoul Pal, the CEO of Global Macro Investor and Real Vision has after months of declaring his support for cryptocurrency regulation and predicting a $1 million trading price for Bitcoin in the next five years finally decided to back his words with action. Pal has decided to liquidate his Gold to acquire Bitcoin and Ethereum. The former Goldsman Sachs fund manager did not specifically reveal the reason for such a bold decision, but it can be deduced from his previous assertions that he believes Bitcoin will most likely surpass its all-time high to rise to the moon.According to reports, 98% of Raoul Pal’s liquidated net worth would be invested in Bitcoin and Ethereum in

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