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Tag Archives: Cryptocurrencies

trade.io Sponsors “The Future of Cryptocurrencies” on Bloomberg

This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. The much-anticipated invite-only exclusive event, “The Future of Cryptocurrencies” will be hosted by Bloomberg on June 29th, 2018, at its offices in Europe’s financial capital, London, England. Sponsored by trade.io, the half-day event ...

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Young Millionaires Interested in Investing in Cryptocurrencies

In its World Wealth Report 2018, consulting firm Capgemini identified a marked growth of interest in cryptocurrencies among rich investors, Cointelegraph auf Deutsch reported yesterday, June 19. For the report, Capgemini interviewed high-net-worth individuals (HNWI) and asset managers around the world about their interest in cryptocurrencies. According to the report, nearly a third (29 percent) of the surveyed millionaires expressed ...

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Breaking News: Bithumb Hacked For $30 Million In Cryptocurrencies, Market Drops

Bithumb, one of the largest exchanges in Asia, just broke the news that it has been hacked, with the hackers reportedly stealing over $30 million worth of cryptocurrencies. Bithumb Wallet Change Backfires At 12:49 UTC on June 19th, Bithumb announced that they would be temporarily suspending deposits due to a change in wallets with their exchange service. Although a change in ...

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Most Millionaires Are Interested In Cryptocurrencies, Survey Finds

A poll conducted by Capgemini found that the majority of millionaires are very or somewhat interested in holding cryptocurrencies as an investment and as a store of value. While most wealth management firms have been ambivalent regarding providing virtual currency investment information to clients, over two-thirds of high-net-worth individuals aged 40 and below would find it valuable. Poll Says 55.9% ...

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Bitcoin and Cryptocurrencies Make Inroads in Various Industries

As we recently highlighted in our “Bitcoin in Crime” series, Bitcoin is increasingly considered to be a tool for illegal activity. Whether or not that situation will ever change is unknown. Nevertheless, there have been some positive – though largely overlooked – developments. Bitcoin Is Going Places Getting Bitcoin – or any other cryptocurrency – into the hands of more ...

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Bank of International Settlements, the Central Bank for Central Banks, Issues a Report Against Cryptocurrencies

The Bank of International Settlements, BIS, which serve as the central bank for central banks, recently released a report claiming cryptocurrencies cannot succeed because of their lack of trust. Shocking news… the central bank for central banks thinks crypto is a bad idea, and issued an unbiased report to illustrate the numerous challenges they face and cannot possibly develop innovations ...

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Cryptocurrencies Perform Worse as They Grow More Popular, BIS Report Claims

There are plenty of different opinions on cryptocurrencies. It is difficult to find the true metric to determine their success. According to the Bank of International Settlements (BIS), there isn’t any real growth. In fact, BIS claims the performance of cryptocurrencies worsens as the currencies grow more popular. BIS Has Strong Opinions It is a well-known fact how banks and ...

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EU Blockchain Observatory and Forum Creates Blockchain Map, Highlights Growth of Cryptocurrencies

The EU Blockchain Observatory and Forum, which is an initiative by the European Commission, has developed an interactive map for all cryptocurrency and blockchain startups and events. Each map entry has a pin marking its location and when clicked upon, a side display lists more information on the startup or event such as when it was founded, funding, vision, and ...

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The ‘Central Bank for Central Banks’ Disses Cryptocurrencies in New Report

Open Positions at CCN: Full Time and Part Time Journalists Wanted. The Bank for International Settlements (BIS), which serves central banks in their efforts to promote monetary and financial stability, claims permissionless cryptocurrencies are not suited to serve as the basis of a monetary system, although the bank acknowledges there are niche areas where cryptocurrency can provide improved efficiencies. The ...

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Expert Says Cryptocurrencies Will Be a $20T Market

Galaxy Digital, a $250 million investment firm headed by Mike Novogratz that is focused on cryptocurrencies, is very bullish on crypto these days. As a matter of fact, Novogratz recently claimed that the market is headed for the $20 trillion mark, and that is some very good news for investors. Novogratz is a Wall Street guy who is himself a ...

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