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Tag Archives: News

Elizabeth Warren Wants the SEC to Analyze the Risks of Crypto Exchanges

Massachusetts’ democratic senator Elizabeth Warren is the latest politician to express her disapproval and distrust for cryptocurrency exchanges. In a recent letter, she asked the Securities and Exchange Commission (SEC) to examine the prospects surrounding crypto exchanges and do an analysis regarding the harm and risks they potentially pose to consumers. Elizabeth Warren Isn’t Crazy About Crypto Exchanges Crypto exchanges have often taken guff for their lack of...

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Owen Lau: Bitcoin and Coinbase Stock Should Not Travel Hand in Hand

Bitcoin and the cryptocurrency space have fallen hard in recent weeks, but according to Oppenheimer analyst Owen Lau, these moves should not be affecting Coinbase stock, and the exchange’s public listing does not deserve to get swept under the bus. Coinbase Should Not Be Associated with BTC’s Drops Coinbase made its public debut on the Nasdaq in mid-April. At first, things started out great. Stock shares in the exchange began at more than $300 each, while bitcoin...

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Michael Wu: Bitcoin May Need to Drop Further to Attract Institutions Again

Bitcoin has been tanking hard as of late, but according to financial analyst Michael Wu, this presents several benefits that investors are not seeing. Michael Wu: Institutions May Get Involved Again if BTC Falls Further In recent months, bitcoin hit its highest position yet and was trading for approximately $64,000 per unit. This feat was accomplished in mid-April, though since then, the currency has fallen and lost about half that value, marking one of the biggest drops...

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Coinstar Customers in Connecticut Can Use Loose Change to Buy BTC

Coinstar customers in Connecticut now have the option of purchasing bitcoin and other cryptocurrencies. Coinstar Is Bringing Bitcoin to the Masses Typically, those big green machines one sees in the corners of supermarkets and grocery stores allow a person to bring in all their loose change and trade it for paper bills. Now, however, these machines are permitting customers to exchange those coins for digital currencies, suggesting just how big and popular the space has...

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Goldman Sachs: Ethereum Is Beating BTC

As bitcoin continues to tank hard, Ethereum just keeps picking up steam. There are many financial analysts out there that seem to think the world’s second largest cryptocurrency by market cap will soon rise to the occasion and potentially overtake the entire space. Ethereum Is Moving Up the Ladder Bitcoin has fallen – once again – to about $32,000 per unit, meaning it is now trading for half its mid-April value. The currency has undergone one of its biggest corrections...

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China Cancels Software Firm That Had Alleged Crypto Mining Ties

The Central Bank of China has ordered the shutdown of an alleged software company given its reported ties to crypto mining. Beijing Qudao Cultural Development has been suspended at the time of writing and must cease all operations or face legal consequences from the bank’s regulators. Its website has also been deactivated. China Shuts Down Software Company China has always had a rather mixed relationship with bitcoin and cryptocurrencies. In the past, the country has...

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New York Blockchain Investing Firm Acrylic Rakes in a Lot of Dough

Acrylic – a company based in Brooklyn, New York – has garnered approximately $55 million through a new funding round. The event was led by leading blockchain firms such as Accolade Partners. Acrylic Is Leading the Charge in Blockchain Investments Ash Egan is the solo GP of Acrylic. As a former partner at Accomplice and investor with ConsenSys Ventures, Egan has been heavily involved in the crypto space over the past six years and has backed several crypto-based companies...

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Bitcoin Cash Analysis: Bearish Below $465 In Near Term

Bitcoin cash price started a fresh decline after it failed to surpass the $550 resistance against the US Dollar. The price is now trading below the $500 support and the 55 simple moving average (4-hours). There was a break below a major bullish trend line with support near $510 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair could continue to move down if it fails to stay above the $465 support zone. Bitcoin cash price is slowly moving lower...

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Block Fi and Visa Unveil New Crypto Rewards Card

Block Fi has joined hands with Visa to launch its new bitcoin rewards credit card. The product has been available to most residents of the United States since last Tuesday. The company had been working to unveil a BTC-based credit card since December of last year and was met with much enthusiasm from traders, who joined a waiting list to be among the first to garner the product. Block Fi and Visa Work to Bring BTC Rewards to Customers Overall, as many as 400,000 names...

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Spartan Mosquito Vows to Accept BTC Payments in the Future

What do mosquitoes and bitcoin have in common? Well, nothing really, though there is a company called Spartan Mosquito – designed to kill and control the population of the nasty little bloodsuckers – that just accepted its first bitcoin payment. Now, it looks like it is on a quest to accept bitcoin and several other cryptocurrencies for all its products and services in the future. Spartan Mosquito Will Accept BTC The crypto world is wrought with currencies that were...

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