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Retail Investment in Bitcoin Soars to a New All-Time High

Just a few hours back, bitcoin (BTC) price surged back higher to $13,500 and established a new high for this year. But along with BTC’s near exponential rise in valuation, retail buyers of the cryptocurrency have also soared and are now at an all-time high. Is this a direct result of a rally-induced FOMO? Bitcoin Addresses Holding BTC Worth $10, $100, and $1000 At ATH If you think that it’s just bitcoin price that’s blasting through rooftops, Rafael Schultze-Kraft’s...

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SEC Director Who Said Ethereum is Not a Security Leaving the Watchdog

William Hinman, a director of the U.S. Securities and Exchange Commission (SEC) known for his statements in favor of greater clarity for the crypto ecosystem and other ICOs and fintech, announced his intentions to leave his post in the upcoming months. Since 2017, Hinman has served as a director of the SEC’s Division of Corporation Finance, an office responsible for giving investors material information to help them come with good financial decisions. His office also provides...

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PayPal Gets “Conditional” BitLicense, Will Work with Paxos Trust

New York has always been strict when it comes to bitcoin and cryptocurrency, but now that PayPal has entered the crypto fray, it looks like the company’s position in the Big Apple just got a whole lot easier.PayPal Is Asserting Itself in New YorkIt has been announced that PayPal has been given what’s known to as a “conditional” BitLicense. The circumstances of the license are somewhat different from just a straight-up BitLicense application. The former permits PayPal to attach itself and work...

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5 Reasons For Bitcoin’s Price Surge To New 15-Month High

At the beginning of October, Bitcoin’s price was particularly indecisive and trading slightly above $10,000, causing many to believe that the unfilled CME gap down at $9,600 would soon be closed. Fast forward to the current date, October 27th, BTC is trading at $13,400, having just marked a fresh high for 2020. The cryptocurrency added around $3,000 to its value, representing an increase of around 30%. With this said, this month was also quite eventful. Many things happened,...

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PayPal Aims to Buy Bit Go, a California-Based Crypto Exchange

Now that PayPal has permitted the buying and selling of bitcoin and other forms of crypto on its site, it would appear the company fancies itself the ultimate crypto platform, and apparently, it’s looking to expand its horizons with the potential purchase of exchanges like Bit Go.PayPal Has Its Sights Set on Bit GoPayPal announced early last week that it would allow users to purchase items and services with cryptocurrency through its platform. In addition, people could also trade and purchase...

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The Amount of BTC Grayscale Manages Just Got A Lot Bigger

Bitcoin’s price isn’t the only thing getting larger in the cryptocurrency space. According to reports, the institutional presence in the space is expanding as well. Grayscale Investments, a crypto management service that handles accounts primarily for institutional investors, recently announced that the digital assets it’s overseeing grew by a whopping $300 million in a single day.Grayscale Sees Its Assets ExpandThe company’s CEO Barry Silbert expressed the news in a tweet, claiming that as...

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Banking Giant JP Morgan Releases Its Own Stablecoin

About a year and a half after its announcement, JPMorgan Chase has released its stablecoin. The American multinational investment bank and financial services company has presented the digital asset, showing its beliefs in blockchain technology and cryptocurrencies. After A Long Hype, It’s Time For JPM Coin As per a recent news announcement, JPM Coin is already live and reportedly used by a large technology company to send payments across the world. The new-born digital asset...

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Grayscale Study: COVID-19 Made Bitcoin Even More Attractive To US Investors

The number of US-based investors interested in Bitcoin continues to increase according to Grayscale’s Investment 2020 report on the cryptocurrency. The leading digital asset manager also noted that the COVID-19 pandemic has exemplified Bitcoin’s merits and made it even more captivating to investors. US Investors’ Growing Interest In Bitcoin Titled “Bitcoin Investor Study,” Grayscale’s 2020 research aimed at shedding some light on US investors’ perception of Bitcoin and how it...

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META 1 Coin Trust Announces Commission to Study Global Persecution of Cryptocurrency Projects

[PRESS RELEASE] Boca Raton, Florida, ChainWire – October 27, 2020 Collaborating with Other Cryptocurrencies, META 1 Tackles Injustice and Human Rights. META 1 Coin Trust has announced plans to identify, research and document instances of governmental overreach in cryptocurrency cases globally, as part of its ongoing efforts to advance human rights and individual freedom. According to Robert P. Dunlap, Executive Trustee of META 1 Coin Trust, “The malicious attacks on crypto...

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