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News and Articles by Diana



Novogratz

Novogratz commented on Gensler's position on crypto regulation

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In a recent interview with the Washington Post, Securities and Exchange Commission Chairman Gary Gensler reiterated the need for an early regulatory framework for the cryptocurrency industry. According to the head of the SEC, the US authorities will be able to apply the law on securities to this...

El Salvador

More than 50% of Salvadorans know nothing about Bitcoin

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Many citizens of El Salvador did not support the decision of the authorities to recognize bitcoin as a legal tender. The country even held protests against the cryptocurrency law. A poll by Sherlock Communications showed that more than half of Latin American residents know almost nothing about...

Coinbase

Coinbase will contribute to development of crypto legislation

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The legalization of the cryptosphere in the United States is considered necessary by both business representatives and regulators. For example, the head of the SEC, Gary Gensler, proposes to control the situation in the digital asset market based on the provisions of the securities legislation....

Noel Quinn

HSBC CEO supports Central Banks' token launch plans

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Noel Quinn, who is the CEO of the $ 3 trillion financial group, HSBC, is still skeptical about the prospects for Bitcoin and other cryptocurrencies. In doing so, he supports the plans of central banks to create national tokens (CBDC). The financier published an article on the website of his bank,...

BTC

The share of profitable bitcoin addresses fell to 70%

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Capitalization of the Bitcoin decreased by another 3% on September 22. The fall in the value of the cryptocurrency began last Monday. Capital outflow from risky assets provoked a negative trend in the digital asset market. The sharp weakening of the bitcoin rate is accompanied by a noticeable...

Investor

Institutionals have been investing in crypto for 5 weeks in a row

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Back in early September, analysts at CoinShares drew attention to the growing interest of institutional investors in altcoins. The report released on September 20 said that investment in products targeting leading altcoins has continued to grow over the past five weeks. Moreover, the researchers...

Gary Gensler

Head of SEC believes securities law will help crypto regulation

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Gary Gensler, who serves as chairman of the Securities and Exchange Commission (SEC), has repeatedly pointed out the need to regulate the cryptocurrency industry. For example, in early August, he announced that decentralized platforms deployed in the DeFi market could be controlled through mutual...

BTC

Miners switched to accumulation amid recovery of BTC hashrate

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In June, the bitcoin hash rate dropped to 84.79 EH/s, the lowest since September 2019. The drop in network capacity was observed against the background of the mass migration of miners from China. Almost all mining pools began to sell the mined BTC to receive funds for the transportation of...

ATM

El Salvador is in the top three countries by the number of BTC ATMs

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In early September 2021, a law came into force in El Salvador recognizing bitcoin as a legal tender. In this Latin American state, the number of cryptocurrency terminals has increased dramatically. By expanding the bitcoin infrastructure, President Nayib Bukele expects to increase citizens' loyalty...

XBE

XBE Finance amplifies yield on $12bn Curve and Convex Liquidity

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Curve.fi and Convex finance have fundamentally changed the way Decentralised Finance yield mechanisms work by offering great rewards for liquidity providers on stable coins and other tokens - with approximately 12bn USD in total value locked (TVL). This is why XBE.finance has chosen to build out...

Bybit

ByBit suspends service to Korean traders

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Over the past several months, the South Korean authorities have been negotiating with cryptocurrency exchanges to develop an effective interaction mechanism. According to the new rules, each trading platform is required to obtain a license. To do this, it needs to provide all the necessary...

Bitcoin

Bitcoin exchange balance fell to three-year low

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On the night of Friday, September 17, Bitcoin fell to $47,700. On the eve of the morning, the coin tried to gain a foothold above $ 48,000, having secured the support of American investors. However, in the second half of the day, the activity on the market weakened again, and soon the correction...

Buterin

Representative of cryptosphere is included in rating of the Time

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At the end of 2018, the world-famous Time magazine first spoke about bitcoin. A column by Alex Gladstein about BTC was published on its pages. The author wrote that cryptocurrencies give people economic freedom. In the future, bitcoin will become an alternative to the modern financial system. Now...

BitMex

Former BitMEX executive agreed to extradition to the US

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Bermuda-based ex-director of business development at BitMEX Gregory Dwyer agreed to extradition to the United States to face trial. In October 2020, the US Department of Justice indicted the exchange's co-founders Arthur Hayes, Ben Delo, Samuel Reid, and Dwyer for violating the Bank Secrecy Act....

Coinbase

Coinbase has applied to register as a futures intermediary

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Bitcoin exchange Coinbase has applied NFA to register as a futures commission merchant (FCM). In the long term, the step will allow the company to obtain a CFTC license. In the United States, companies wishing to offer derivatives to clients must obtain a CFTC license. To do this, they usually need...

Hedge Fund

Cryptocurrency hedge fund profits soar nearly 25%

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August turned out to be a good month for hedge funds targeting the cryptocurrency market. According to Eurekahedge, the profit of such financial structures increased by about 25%. Moreover, in terms of profitability, cryptocurrency hedge funds have bypassed their competitors, who prefer to stay in...

Ethereum

Over 2.5M addresses have registered on Ethereum since May

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More than 2.5 million new addresses have registered on the Ethereum blockchain since the beginning of May 2021. The researchers also paid attention to the growth of the bitcoin network. They found that the largest number of new wallets appeared in January-April. During this period, the number of...

El Salvador

Special tax regime will be created for BTC investors in El Salvador

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El Salvador's authorities are considering options to ease the tax regime for all cryptocurrency investors. Bitcoin holders will be exempt from income tax even if they make large profits from trading with this asset. Javier Argueta, who holds the post of legal adviser to Salvadoran President Nayib...

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