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Tag Archives: coinshares

Grossbritannien: Financial Conduct Authority (FCA) verbietet Bitcoin-Derivate für Kleinanleger

Die Finanzmarktaufsichtsbehörde des Vereinigten Königreichs (FCA) hat bekannt gegeben, das Angebot an Krypto-Derivate und Exchange-Traded Notes (ETNs) ab 2021 aufgrund des hohen Risikos für Kleinanleger verbieten zu wollen. Mit Wirkung vom 06.01.2021 hat die zuständige Aufsichtsbehörde für den Finanzmarkt in Großbritannien ein Verbot des Handels mit Kryptowährung-Derivaten für...

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Bitcoin Halving Is 42 Days Away, Hash Rate and Miners Lose Force

Bitcoin is believed to enter the miner capitulation stage, where hash rate and price drop significantly. However, some researchers claim that Bitcoin price is independent of the halving cycles, as well as of hash rate.Per TradingView general manager Pierce Crosby, the programmatic price limits have significant influence over the Bitcoin hash rate. The lower the price per coin, the lower the profits from block mining. Crosby believes that part of the network’s rigs will slow down, causing a...

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Bitcoin Price to Soar to $100K by End of 2021, Analyst Updates Post-BTC Halving Prediction

The production for the Bitcoin price movements after the halving has been updated. PlanB has explained how BTC price can reach $100,000 in 2021.Bitcoin price started by gaining considerably. A few days ago, the flagship token surged past the $10,000 level before correcting to settle in the upper $9,000s levels. That dip has made some commentators predict that the price will drop below the current yearly lows.But, the author of the most popularly-cited BTC price prediction models, PlanB,...

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Justin Sun Promises to Commit $1 Million to Greta Thunberg Initiative

The head of Tron Foundation Justin Sun publicly announced on Wednesday that he is going to grant $1 million to the young Swedish activist Greta Thunberg’s attempts to raise global awareness of climate change.Sun’s announcement came as a response to last week’s COP25 UN climate conference in Madrid that ended with no deal on carbon markets. The negotiations are postponed until next year when countries will have to come up with more ambitious goals to cut greenhouse gas emissions, in order to...

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Two Bitmain’s Subsidiaries Get over $1M in Assets Frozen by Court

Beijing-based Bitmain Technologies Ltd. had a pretty rough year. Even though the company is still among the key players in China, its market share by hash rate has fallen from ~70% in June to ~66% now. In June 2017, Bitmain’s own data (via Frost and Sullivan) showed that it had a market share of around 75%.Christopher Bendiksen, head of research at CoinShares and Samuel Gibbons, the research analyst said that Bitmain needs fresh capital in order to fix a series of self-made damages caused by...

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More than Half of Global Bitcoin Hash Rate Is Controlled by One Single Province in China

China is usually referred to as the headquarters of Bitcoin mining in the world, an interesting feat especially when the government’s strong position against cryptocurrencies is considered. While the government has repeatedly expressed its support for blockchain technology, it has not accorded digital currencies the same level of attention and respect. Regardless of all this, China still controls about 67% of the entire hash rate of the Bitcoin network. The real clincher, however, is that...

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CoinShares, Blockchain and MKS Partner Creating Gold Token

Digital asset manager CoinShares decided to start working with gold meaning putting this asset on the Bitcoin blockchain.Together with Blockchain that is a wallet solutions provider and MKS (Switzerland) SA that acts as a precious metal trader this British company said on Tuesday they are making a gold-backed network that will be used for token trading and will represent digitized physical gold. The whole project took more than two years to be finalized.As per CoinShares, the network launched...

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