Month: August 2020
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Swiss Retail Giant Supporting Payments in Local Stablecoin
Sygnum, local crypto banking service has announced that it has entered into a partnership with one of the largest retailers in Switzerland, Galaxus, for developing an electronic payment system. The […]
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21 Bitcoin Mining Farms Stripped of Electricity Perks in Inner Mongolia
A clampdown by the local government resulted in more than 20 Bitcoin mining farms having their electricity perks stripped off in China’s Inner Mongolia. On August 24th, a document was […]
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South Korean Police Shut Down Bitcoin Exchange Amidst Wash Trading Allegations
Law enforcement authorities have shut down one of South Korea’s largest cryptocurrency exchanges, Coinbit, amidst severe allegations of wash trading. The company was forcefully made to shut down its operations […]
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FTX Exchange Acquires Blockfolio for $150 Million
The cryptocurrency derivatives exchange, FTX, has acquired the leading portfolio tracking and mobile news app in the market called Blockfolio for $150 million. The company revealed that the price was […]
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JP Morgan’s Quorum Blockchain is being Acquired by ConsenSys
Mega-bank JP Morgan’s enterprise blockchain platform, Quorum, is being acquired by Brooklyn, New York-based ConsenSys, which is an Ethereum venture studio. Furthermore, an undisclosed strategic investment has also been made […]
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Key Players Say Crypto Will Not Ruin Russia’s Financial System
With cryptocurrency payments being banned officially in Russia from January 1st, 2021, it is a given that there is a lot of concern about its implications on the overall crypto […]
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China’s Blockchain Service Network will Launch Stablecoin Support in 2021
The national blockchain project of China called the BSN could turn out to be the perfect fit for the digital yuan. Referred to as the Blockchain Service Network, the nationwide […]
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Economic Uncertainty and Bitcoin; Patience is Key
In the last couple of months, whispers regarding the promised financial breakthrough of Bitcoin failing to materialize have garnered steam, the price of the pioneer crypto-asset surged recently above the […]
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Barstool Sports Founder Exits Market after Losses of $25k in Bitcoin Trading
Founder of a news site and sports blog Barstool Sports, David Portnoy, had made a name for himself as being a Bitcoin bull. However, it seems that Portnoy has been […]
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Reasons for Bitcoin’s Price Drop and Why it Wasn’t Surprising
After Bitcoin’s price had achieved a new 2020 high when it hit $12,486 on Coinbase, the cryptocurrency’s price pulled back. In the last 48 hours, the pioneer cryptocurrency’s price fell […]