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Tag Archives: majority

Singapore-based Blockchain Consortium Buys Majority Share in Bithumb

Singapore-based BK Global Consortium has paid 400 billion won (approximately $350 million) for a majority stake in South Korean Bithumb, the world’s third-largest cryptocurrency exchange, according to a local news outlet. BK Global Consortium is a blockchain investment firm under BK Global, a Singapore plastic surgery medical group owned by Kim Byung-Gun. The Consortium had held a minority position in ...

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Poll: Majority of Investors Believe Cryptocurrency will Appreciate During a Recession, Begs Usability Questions

Fundstrat Global Advisors found in a poll among institutional investors and twitter users that a majority of individuals believe that cryptocurrency prices will rise during a recession. The poll found that 72% of institutional investors believed that cryptocurrency prices will increase during a recession, while 59% agreed via the twitter poll. The institutional investor sample size was 25, while the ...

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Majority of Circulating Bitcoins Stored in Investment Wallets

A majority of circulating Bitcoins (BTC) are stored in investment wallets, according to a new report by cryptocurrency industry and analysis newsletter Diar. The analysis shows that 55 percent of bitcoins are currently kept in wallets that are valued over $1.3 million,  constituting balances of more than 200 BTC. One third of BTC in those wallets have reportedly never been ...

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Huobi Global Buys BitTrade | Acquires the Majority Stake

In a major announcement, Huobi Global buys BitTrade. Huobi Japan Holding Ltd, Huobi Global’s wholly owned subsidiary, just acquired the majority stake of Japan’s BitTrade. Huobi Global owns and operates Huobi, the third largest cryptocurrency exchange by daily trade volume. Huobi Global Buys BitTrade Huobi will partner with BitTrade, one of the only 16 regulated and Japanese government-approved crypto currency ...

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Crypto Gains Lobbying Group, Majority of Finance Executives Believe It Has a Future

Cryptocurrency is viewed as here to stay by the majority of financial executives, and has gained a lobbying advocacy group to cement its place in the modern economy. According to a new report on a survey of 141 financial industry executives conducted by the Greenwich Associates consulting firm, the vast majority, 80%, believed in the long-term existence of the cryptocurrency ...

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Huobi Buys Majority Stake in Japanese-licensed Crypto Exchange BitTrade

Huobi Global’s wholly owned subsidiary, Huobi Japan Holding Ltd, has recently acquired a majority stake in Japan’s BitTrade — one of only 16 regulated crypto exchanges in the country, Cointelegraph Japan reports Wednesday, September 12. As Cointelegraph has learned, Huobi Japan will get 100 percent of the shares from True Joyful Limited, BVI, which holds holds all of the beneficiary ...

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Majority of Investors Want to Buy More Digital Currency in 2018, Survey Shows

A majority of accredited and retail investors plan to increase their crypto asset holdings over the next 12 months, according to a survey published September 5 by investment platform SharesPost. The mid-year survey, which was conducted in July, polled 2,490 retail investors and 528 individual accredited and institutional investors.  The recent survey shows both consumers and investors remain optimistic about ...

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Majority of Bitcoin Transactions Are Speculative, Dash Transactions Are Real World Usage

New analysis by Lilita Infante at the U.S. Drug Enforcement Administration has shown that the dynamic between illegal activities and speculation on the Bitcoin blockchain has flipped over the past five years from being predominantly illicit activities to now predominantly speculative activities. “The volume has grown tremendously, the amount of transactions and the dollar value has grown tremendously over the ...

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