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Tag Archives: Demand

ETH Reservation Demand Is Low

This time last week, it was all about doom and gloom for Ethereum after a high-volume candlestick drove prices below $200 for the first time this year. Needless to say, ETH prices have since recovered. Though we need to see movements above $300, it’s safe to say that aggressive traders can ramp on longs on every dip in lower time ...

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‘No Plans’ for Digital Currency, Cash Demand Growing

The European Central Bank (ECB) has “no plans” to issue its own digital currency, President Mario Draghi told the European Parliament Wednesday, September 12. Addressing a query by MEP Jonás Fernández, Draghi said “substantial development” was still needed in the underlying technology behind cryptocurrencies before the Central Bank would consider using them. “The ECB and the Eurosystem currently have no ...

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Citigroup, Morgan Stanley’s Have Shown Institutional Demand For Bitcoin is Surging

Over the past week, Citigroup and Morgan Stanley have doubled down on their plans to offer tradable instruments and products around Bitcoin. Alistair Milne, the chief information officer at Altana Digital Currency Fund, stated that the increasing interest towards cryptocurrencies as an asset class by banks and regulated financial institutions is crucial, as it demonstrates the rapidly growing demand for ...

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Japan’s Financial Regulator Expands to Handle Influx of Crypto Exchange License Demand

Japan’s Financial Services Agency (FSA) plans to bolster its workforce by 12 personnel to better handle the growing influx of applications for crypto exchange licenses, Reuters Japan reported September 12. At a crypto exchange study group meeting Wednesday, the FSA’s vice commissioner for policy coordination, Kiyotaka Sasaki, said that the agency is currently conducting its oversight of crypto exchanges with ...

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New Medical Robot Can Bleed and Cry on Demand

Further advancements in the robotics industry will introduce innovative concepts. Not all of those advancements will be appreciated by the general public, but that is unavoidable. Hal the robot is a very interesting case in this regard. He is a medical training robot born to suffer. Hal is also capable of bleeding and crying, which takes robotics to a whole ...

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Top 6 Cryptocurrencies in Very High Demand Right now

The year 2018 has not been all that great in terms of overall cryptocurrency market momentum. All of the top currencies are on the decline, yet it would appear the overall interest in these currencies is not on the decline. The following 6 cryptocurrencies and assets ranked highest in terms of purchase volume in US Dollars. Data is provided by ...

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7 Investors Back World’s First Blockchain Bond, Demand From Institutions

The Commonwealth Bank of Australia (CBA) and the World Bank launched the first blockchain bond in the global finance sector this month. Already, institutional investors are showing increasing interest. On August 10, CCN reported that World Bank selected CBA, the biggest bank in Australia, to issue the world’s first blockchain bond based on the Ethereum blockchain network. Bond-I, the blockchain-based ...

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Nvidia Quits Crypto Due to Low Profit, Not Because of Decline in Demand

The world’s largest graphic card and chip maker Nvidia has officially put an end to its crypto venture, with the official announcement of its CFO Colette Kress. In a statement, Kress said: “We believe we’ve reached a normal period as we’re looking forward to essentially no cryptocurrency as we move forward. Our revenue outlook had anticipated cryptocurrency-specific products declining to ...

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Wall Street Demand For Crypto Rises as Exchange Activity Thrives in Bear Market

The interest of Wall Street firms towards opportunities in crypto custody and asset management has continued to increase despite the 80 percent correction the market experienced in 2018. Sanford C. Bernstein & Co. analysts refuted recent reports about the struggle of cryptocurrency exchanges and stated that digital asset trading platforms have been recording solid volumes, generating large revenues. The analysts ...

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Despite Correction, Demand For Bitcoin Has Not Declined

Yoni Assia, the CEO of major multi-asset trading platform eToro, has said that the correction of Bitcoin is positive for the long-term health and growth of the crypto market. Throughout August, Bitcoin recorded its third major correction in 2018, as its price fell from $8,500 to $5,850. But, shortly after dipping below the important $6,000 support level, the dominant cryptocurrency ...

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