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Tag Archives: Eyes

After $4M Funding Round, BlockFi Eyes Savings Account, Crypto Credit Cards

BlockFi https://bitcoinmagazine.com/articles/blockfi-gives-hodlers-another-option-borrow-against-crypto-assets/ , the New York-based startup that provides crypto collateralized loans, has raised additional funds to expand its services. The startup announced that it has received an additional $4 million in its recent funding round in a company blog post. The recently revealed funding round comes some months after the company raised $52.5 million in a round led by ...

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Bitcoin Price Eyes Support at $3,000 as BTC/USD Sets New Yearly Low

The bitcoin price on Friday plunged 6.5 percent against the US Dollar, breaking below the flagship cryptocurrency’s previous yearly low at $3,455. The bearish cycle took another turn after the Securities and Exchange Commission (SEC) halted its decision on the VanEck’s upcoming bitcoin ETF once again. The fundamental has been treated as one of the strongest bullish catalysts for the ...

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U.S. FDA Eyes Blockchain to Enhance Food Safety in the Wake of E. coli Outbreak

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. Following an outbreak of E. coli in the United States that was linked to romaine lettuce, the Food and Drug Administration (FDA) is considering better track-and-trace methods and this includes the use of blockchain technology. Speaking ...

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Norway Bitcoin Miners Eyes Exodus to Sweden after Electricity Tax Hike

Twitter Facebook LinkedIn CCN is expanding. Are you our next full-time journalist from the West Coast USA? Send us your CV and examples here. The Norwegian government’s decision to scrap tax subsidy on the power conferred to bitcoin miners is prompting them to migrate offshore. According to Erik Svensson, who serves as the director to Boden Business Agency, a Sweden-based data center ...

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Price Holding Losses, Eyes Recovery as Dollar Slides

Twitter Facebook LinkedIn The bitcoin price on Friday plunged 0.85 percent against the US dollar, now trading at 5528-fiat. Bitcoin Price Seeks to Claw Back Lost Ground The digital currency has had a shocking week so far, with its value losing almost $1,200 within just five days. Not only bitcoin, but the entire cryptocurrency market also had to “bear” losses worth ...

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OKCoin Adds the Argentine Peso as It Eyes Expansion Into Latin America

Despite a prolonged cryptocurrency bear market and regulatory uncertainties, OKCoin, one of the largest cryptocurrency exchanges in the world, is expanding to Latin America launching a new exchange platform headquartered in Buenos Aires, Argentina. Already active in 110 countries and 21 U.S. states, OKCoin USA CEO Tim Byun told Bitcoin Magazine that he is not worried about market volatility as ...

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VanEck’s Chief Strategist Eyes Multi-Billion Dollars Investment in Bitcoin ETF

The launch of the first Bitcoin exchange-traded fund (ETF) could witness the space attracting as little as a few billion dollars, predicted Gabor Gurbacs. The director of Digital Assets Strategy at VanEck made the bullish prediction during an interview with CNBC Crypto Trader hosted by Ran Neuner, while explaining the possible outcomes from a successful Bitcoin ETF launch. He acknowledged ...

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Abu Dhabi Bourse Issues Thought Paper as It Eyes Crypto Transition

Twitter Facebook LinkedIn Abi Dhabi Securities Exchange (ADX) on Tuesday issued a paper on crypto and distributed ledger infrastructure, Emirates News Agency reported. The “thought paper,” according to the $135 billion Bourse, identifies the technical and operational standards required to issue crypto-assets. It specifically assists financial institutions that are undergoing a transition from conventional asset issuance to more encrypted asset ...

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Just a Ripple? XRP Price Hits One-Month High But Eyes Correction

Twitter Facebook LinkedIn Ripple (XRP) on Tuesday established a bullish setup after rising more than 10 percent against the US dollar. The pair broke above the October peak to set a new one-month high at 0.569-fiat. It was previously stuck in a narrow trading range for multiple weeks amidst lower volatility. While the lack of bias-defining price action is itself not ...

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NASDAQ Eyes Crypto Market Manipulation Use Case for Market Surveillance Tool

The world’s second-largest stock exchange NASDAQ says its market surveillance technology can “stamp out manipulation” in cryptocurrency markets, Bloomberg reported Nov. 1. The publication referenced an unpublished paper from NASDAQ released Thursday, in which it explains it has invested “decades” developing tools for catching and preventing market manipulation. “Regulators, brokers and exchanges have surveillance teams that monitor activity constantly and ...

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