Archive for September 16th, 2020

Are Bitcoin users finding more use in its tokenized form?

September 16, 2020 | By | Reply | 11 Readers More
Are Bitcoin users finding more use in its tokenized form?

Bitcoin has been one cryptocurrency that has been constantly in demand. Recently, Bakkt Bitcoin futures marked an all-time high in the physically settled Bitcoins, while the tokenized version of Bitcoin has been peaking in decentralized finance [DeFi]. Even though the spot market may appear dull at the moment, major activities were going on in the […]

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Avalanche blockchain network to launch full mainnet

September 16, 2020 | By | Reply | 10 Readers More
Avalanche blockchain network to launch full mainnet

Avalanche, a new blockchain protocol and cryptocurrency backed by Cornell University’s Emin Gün Sirer, will finally go live in a few days. According to an announcement, Avalanche will roll out the full mainnet on Monday. With the mainnet launch, the Avalanche (AVAX) token — the platform’s native token — can be listed on crypto exchanges, […]

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Kraken Bank Starts Its Global Expansion From US + More News

September 16, 2020 | By | Reply | 8 Readers More
Kraken Bank Starts Its Global Expansion From US + More News

Source: a screenshot, Instagram/krakenfx Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Exchanges news US-based major crypto exchange Kraken said that the State of Wyoming has approved Kraken’s application to form the world’s first Special Purpose Depository Institution (SPDI), tentatively called […]

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The First Crypto US Bank: Kraken Received Licensing From The Wyoming Banking Board

September 16, 2020 | By | Reply | 11 Readers More
The First Crypto US Bank: Kraken Received Licensing From The Wyoming Banking Board

The Wyoming Banking Board has voted to approve an application for a special purpose depository institution (SPDI) charter of Kraken. In essence, Kraken has officially become the very first cryptocurrency exchange to become a newly chartered bank in the US since 2006, according to a NASDAQ report. This means that the exchange will get access […]

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In 2013 MicroStrategy CEO Said Bitcoin’s Days are Numbered: Today His Company Owns $425 Million of BTC

September 16, 2020 | By | Reply | 10 Readers More
In 2013 MicroStrategy CEO Said Bitcoin’s Days are Numbered: Today His Company Owns $425 Million of BTC

In the past month, the NASDAQ-listed company MicroStrategy bought $425 million worth of Bitcoin. CEO Michael Saylor brought out BTC’s unique qualities to serve as a hedge as the primary reason. However, not too long ago, Saylor’s opinion differentiated substantially as he claimed that Bitcoin’s “days are numbered.” MicroStrategy’s CEO expressed his rather adverse verdict […]

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CREAM Jumps 54% on Binance Listing; Major Dump Ahead?

September 16, 2020 | By | Reply | 7 Readers More
CREAM Jumps 54% on Binance Listing; Major Dump Ahead?

CREAM logged a sharp reversal rally on Wednesday as traders assessed its listing on Binance, the world’s leading cryptocurrency exchange by volume. The Malta-based trading platform will list CREAM/BNB and CREAM/BUSD trading pairs at 1300 UTC, per its announcement. That will enable users to effectively deposit and trade their CREAM tokens against Binance Coin and […]

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India plans to ban cryptocurrency trading for the second time

September 16, 2020 | By | Reply | 9 Readers More
India plans to ban cryptocurrency trading for the second time

India is about passing a law that will ban cryptocurrency transactions in the country. The country decided to protect investors who may be victims of bad actors in the unregulated crypto industry. India also banned cryptocurrency last year, but the ban was later rescinded in March. India is about introducing a new law that will […]

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A New ‘Wave of Regulatory Obligations’ Over Crypto Players in EU

September 16, 2020 | By | Reply | 10 Readers More
A New ‘Wave of Regulatory Obligations’ Over Crypto Players in EU

Source: Adobe/Dudarev Mikhail In what is described as the most comprehensive regulatory framework for cryptoassets to date, a leaked EU draft document reveals that both issuers of cryptoassets and providers of related activities will have to make crucial choices as they face what is described by industry experts as a “wave of regulatory obligations.” The […]

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Ethereum Correlation Witnesses 6-Month Slump

September 16, 2020 | By | Reply | 7 Readers More
Ethereum Correlation Witnesses 6-Month Slump

advertisement Bitcoin is the undisputed leader and all the other crypto-assets closely follow its valuation. Ethereum [ETH] might be an independent asset with completely different reason d’être from that of Bitcoin, but at times, it also happens to mimic the latter’s price action. In the digital asset market, the king coin being the front runner […]

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Yield Farming Can Be Risky: Ask This Guy Who Lost $5000 Overnight

September 16, 2020 | By | Reply | 8 Readers More
Yield Farming Can Be Risky: Ask This Guy Who Lost $5000 Overnight

They say crypto’s biggest appeal lies in how fast one can acquire ‘Lambos,’ fly ‘to the moon’ and get their ‘numbers to go up.’ The Lambo aspect is still relevant as folks are making insane money day in and day out. The other two, not so much. Although traders still bet on prices of Bitcoin, […]

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