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News and Articles by Diana



JPMorgan

JPMorgan predicts the imminent end of the “crypto winter”

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According to JPMorgan analysts, the cryptocurrency market will soon come out of the “winter” state. As a result of the recent fall in bitcoin, the leverage in the cryptosphere has been significantly reduced. If it continues to decline in the coming months, then the lion's share of players with...

Salvador

El Salvador bought an additional 80 BTC amid a drawdown in the course

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On Thursday, June 30, the Salvadoran government purchased an additional 80 BTC for a total of $1.52 million, President Nayib Bukele announced this. “El Salvador bought 80 BTC today at $19,000 each. Bitcoin is the future. Thank you for the cheap sale,” Bukele wrote. On June 30, the rate of the...

Vinnik

Vinnik's lawyer announced his possible extradition to the United States

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The French court ruled against the Russian Alexander Vinnik, as a result of which he can be extradited to Greece, and then to the US. As lawyer Frederic Belomentioned, the court rejected the cassation petition with an appeal against the sentence of five years in prison: “As a consequence,...

Khaby Lame

Popular TikToker Khaby Lame Becomes Binance Ambassador

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Binance has announced a collaboration with vlogger Khabane "Khaby" Lame. An Italian of Senegalese origin with 144 million followers on TikTok has become an ambassador for the bitcoin exchange. Lame leads the ranking of TikTok accounts in terms of the number of subscribers. He attained...

Grayscale

Grayscale sues SEC over refusal to convert GBTC to ETF

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Grayscale Investments initiated a lawsuit against the US Securities and Exchange Commission (SEC) after the regulator rejected an application to convert a GBTC trust into a bitcoin ETF. The regulator justified the verdict by inconsistency with the requirements for “preventing fraudulent and...

Deutsche Bank

Deutsche Bank Predicts Bitcoin Return to $28,000

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The price of bitcoin may recover to $28,000 by the end of 2022, according to Deutsche Bank experts. According to the bank's strategists Marion Labour and Galina Pozdnyakova, the growth will be associated with a rally in the US stock market. Experts have noticed that since November, cryptocurrencies...

Kiyosaki

Robert Kiyosaki expects bitcoin to fall to $1100

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Popular financier Robert Kiyosaki periodically comments on the situation in the cryptocurrency market. In the fall of 2020, he predicted the collapse of bitcoin after the appearance of the American vaccine against COVID-19. Now, the author of the acclaimed investor book Rich Dad Poor Dad believes...

Bitcoin

Bitcoin falls below $20,000 amid US stock market correction

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Trading in the US ended with a decline in business activity indices. Capital with renewed vigor began to withdraw from risky assets, but the dollar index rose on Thursday, June 30, to 105 points. Bitcoin (BTC) is depreciating along with tech stocks. This morning, the BTC rate in Asia fell below...

Hurricane

Hurricane knocked out 75% of Marathon's mining capacity

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A hurricane that struck Montana on June 11 damaged a power plant in Hardin that powers 30,000 miners at Marathon Digital Holdings. According to the statement, this hardware accounts for more than 75% of the firm's active mining capacity. It is expected that devices will be able to resume operation...

Compass mining

Compass Mining CEO and CFO resign

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BTC mining equipment and services provider Compass Mining has announced the resignations of CEO Whitt Gibbs and CFO Jody Fisher. “Compass Mining was founded to make mining easy and affordable. We acknowledge that there have been numerous setbacks and disappointments that have detracted from this...

Uzbekistan

Uzbekistan will allow BTC mining only on solar energy

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The National Agency for Advanced Projects of Uzbekistan (NAPP) has developed a regulation on the legalization of bitcoin mining. However, in a document published late last week, it is noted that only those miners that use solar energy will be able to work freely. The obligation to use solar panels...

Canada

Canadian investors withdrew the largest amount of capital from crypto funds

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According to CoinShares, the withdraw of crypto funds amounted to almost $423 million during the last week. Moreover, the largest outflow of capital from products focused on digital currencies fell on the share of Canadian institutions. The digital asset management company has seen a lot of capital...

Bitcoin

Miners in the third quarter can start selling bitcoins again

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Many mining companies were forced to dump some of the previously mined bitcoins in the second quarter of 2022. Selling was aggressive in May and June amid the return of turbulence in the cryptosphere, according to a friday report from JPMorgan Chase. According to the forecasts of its analysts, in...

JPMorgan

JPMorgan allowed miners to maintain pressure on the price of bitcoin

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Mining companies in need of liquidity in the third quarter are able to continue to exert downward pressure on the quotes of the first cryptocurrency. JPMorgan strategist Nikolaos Panigirtzoglou came to this conclusion. According to the expert's calculations, the share of public mining companies...

TLChain

Decryption Group Launches Powerful, Scalable Blockchain Cross-Chain Ready

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Innovative features The TLChain architecture is designed to support a high volume of transactions, not only for the financial services sector, but for the gaming industry as well, and its proprietary asset management capabilities enable cross-chain interoperability of multiple assets. The system...

Albania

Albania will introduce taxation for cryptocurrencies

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The Albanian authorities intend to introduce taxation on income from investments in cryptos from 2023. According to local media, the government has prepared appropriate changes to the legislation. At this stage, they are at the stage of public discussions. Under the proposed changes, virtual assets...

Jim Cramer

Jim Cramer doubts bitcoin rally will resume soon

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According to TV presenter Jim Cramer, in the coming months, bitcoin will be able to partially win back the June losses. However, we are unlikely to expect an aggressive and long-term growth of cryptocurrency. Most likely, after the rebound, trading will continue in a narrow range. Kramer himself...

Coinbase

Coinbase Launches Nano Bitcoin Futures

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On June 27, Coinbase will launch nano futures for the first cryptocurrency. For CFTC approval, the bitcoin exchange will provide instrument trading through brokers. Contracts with the ticker BIT will be launched by Coinbase Derivatives (formerly FairX). Futures with settlements in US dollars is...

See all cryptocurrency and blockchain news and articles by Diana