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Cryptocurrency Exchange Kraken Launches Account Funding and Crypto Trading In Japan

Kraken, one of the prominent cryptocurrency exchanges in the industry has once again launched cryptocurrency trading services and account funding in Japan. This move comes as part of the exchange’s plan to boost its expansion and growth into the APAC (Asia-Pacific) region. Relaunching cryptocurrency trading in Japan The United States-based digital currency exchange has announced in a blog post published on October 22, 2020, to reopen cryptocurrency trading for the residents of Japan two years after it shut down its trading operations in the country back in the year 2018. Japanese residents can once again trade top digital assets on…

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China’s Health-Based Blockchain Clears 17 Million Chinese Tourists to Visit Macau

Just recently, FISCO BCOS that is a Chinese non-profit blockchain consortium made a very encouraging announcement. They confirmed that the blockchain-based health records have worked the same way they had expected them to work. With the help of these health records, they are now able to resume tourism activities in China, especially in Macau. Since May, Macau’s medical system has been integrated with blockchain technology to improve the effectiveness and accuracy of the health record checks. With the help of the technology, Macau’s medical data system is successfully picking up on the ID codes that are available on Guandong’s health…

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Bitcoin Surges to $12,900 after PayPal Announces Support for Cryptocurrency

Bitcoin is currently standing at $12,766 after surging by 7.25% over the last 24-hours. The credit of unprecedented price increase goes to PayPal, which has announced to provide crypto services by 2021. Crypto Facilities: Buy, Sell, and Store According to the official statement released by PayPal on Oct.21, the payment company will enable its user base to buy, sell, and store digital assets. After getting a license from the New York Department of Financial Services (NYDFS), PayPal finally launches crypto services in partnership with the Paxos Trust Company. The payment giant acknowledges the potential of digital currencies and claims the…

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Price Update: Bitcoin (BTC) Is Once Again Back Above $12,000

The top digital asset Bitcoin (BTC) continues to rally higher following a slight correction below to $11,940. With a gain of over 5 percent in the past 24 hours, the price of Bitcoin has once again jumped above $12,000. Yesterday, Bitcoin briefly breached the $12k resistance and could not reside above this level for a longer period of time. It was the first time since the mid of August that the price of BTC broke into this key resistance. Now, it seems that the major cryptocurrency has maintained itself above this price figure. $12k reclaimed what is next for BTC?…

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Bitcoin Dominance Reaches Two Month High Position after Bitcoin Claims $11,970

Since the start of October, Bitcoin’s price has witnessed significant progress, which cannot be said for September. However, altcoins have not performed well since last month. Bitcoin’s Dominance at 60.3% Bitcoin’s dominance is now standing at a two-month high figure as it touches 60.3% dominance, while altcoins’ value stands at 39.7%. This month has proved bullish for the top digital asset as it moved out of September’s bearish spell. On the other hand, altcoins are not performing well since the beginning of September. However, August was a better month for altcoins in terms of performance as Bitcoin’s dominance plunged below…

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Traders Hodl Bitcoin As Amount Of Asset Stored On Exchanges Reduce Drastically

A report from data analysis website, Glassnode has indicated that the majority of the Bitcoin traders in the market are currently holding their assets which means a new Bitcoin surge might be incoming. In the report, the data analysis platform notes that the number of Bitcoin that is currently on crypto exchanges has been on a reduction spree as investors and traders alike have chosen to hold on to their assets. A statistical analysis that spans across months since the “Black Thursday” event where Bitcoin lost half of its value to trade at around $3,000 from $7,000 backs this up. The Friday that followed saw a further decline of the digital assets before it began another round of upward movement. crypto exchanges experience fall in amount of Bitcoin Glassnode has confirmed that the total number of Bitcoin that is currently on crypto exchanges has fallen to a tune of $2.85 billion which is equal to about 2,700,000 BTC from its previous stance of $2,900,000 BTC. With data analysis backing this development up, the next question should what is the main trigger behind this reduction in Bitcoin on crypto exchanges? Analysts have pointed out that the first major factor that contributed to this latest development is the lack of trust in crypto exchange by investors and traders. This month has witnessed the indictment of the four co-founders of BitMEX and the arrest of Star Xu, the founder of OKEx. Looking closely at another reason, analysts have pointed out that sellers are presently unwilling to sell Bitcoin at the moment. Majority of the sellers are currently hodling their assets and waiting for the nearest big break where they would be able to cash in on their profits. “Traders have been accumulating Bitcoin for the past few months which has contributed to the scarcity of sellers of Bitcoin”, the Glassnode report says. Traders hodl Bitcoin in preparation for a bullish trend However, Glassnode has mentioned that a larger part of the larger part of Bitcoin in circulation has already been moved into various accumulation addresses. Accumulation addresses are wallets…

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Top 5 cryptocurrencies that will show explosive growth in 2021!

If you ever decide to invest in cryptocurrency, first of all, you should choose what to buy. Of course, you need to know the basics of the blockchain technology, be able to create crypto wallets and correctly execute transactions. But still, it is important to determine whether this cryptocurrency is profitable and if it will be possible to sell it later at a higher price. There is no definite answer to the question “What cryptocurrency to invest in?”. Before investing funds, you need to do a market research and analyze the prospects of a certain project. Pay attention to the…

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“Governments will be Buying BTC Directly from Miners,” says Max Keiser

Bitcoin’s vocal and famous TV personality Max Keiser says Bitcoin will increase 40-80x, and he predicts an intermediate goal of $28,000 for Bitcoin. According to Keiser, traders of BTC futures are suppressing the BTC price so that institutional investors put their capital in the world’s leading digital asset. Once the Bitcoin onboard bullish cycle, giant institutions, and governments will buy Bitcoin directly from miners. Intermediate Target: $28,000 Keiser explains that price suppression on the part of futures traders is for “the world’s poor” and in the future, it will show a 40-80x growth. According to his “forensic analysis of the…

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JPMorgan Welcomes Square’s $50 Million Investment in Cryptocurrency and calls it a “Strong Vote of Confidence” for Bitcoin

In its latest report, JPMorgan discusses Square’s $50 million investment in the world’s leading digital asset Bitcoin. Square has trusted Bitcoin after seeing “a lot of potential” in cryptocurrency, say JPMorgan’s analysts. More Investment is Expected Recently, payment firm Square announced its plan to invest $50 million in the top digital asset. Square’s interest in cryptocurrency is largely welcomed by the crypto community as well as prominent crypto-related companies.  Analysts at JPMorgan stated in the report that the payment company can increase its crypto holding by purchasing more Bitcoin. Before Square, MicroStrategy entered into the crypto space after investing $425…

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Shenzhen (China) Uses Lotteries to Give Away Millions in Digital Yuan

Since the beginning of the 21st century, many economic analysts and commentators have been paying close attention to China-America relationships. About 90 percent of the spectators of the global economy have commented about the beef between the two countries. Although the United States of America was always expressive about how China was trying to take over the global economy. China on the other hand always denied such news with rather unclear statements. Then came the year 2020 alongside the Coronavirus outbreak. There were thousands of companies that shut down leaving millions of people without jobs with no future opportunities in…

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Traders Withdraw Nearly 45K Bitcoin from BitMEX Amidst its Legal Woes

BitMEX, the top crypto derivatives exchange platform, is currently facing a hoard of criminal charges that have been brought against it by the United States government. Even though all accusations of wrongdoings have been denied by the Seychelles-based exchange, it appears that the scandal is causing BitMEX to bleed customers. Glassnode revealed some data, which showed that approximately 45,000 BTC tokens had been withdrawn by the traders from the exchange since its legal battle with the U.S. government took off. These coins have a value of around $420 million. Previously, the blockchain data tracking company had pointed out BitMEX had…

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Bitcoin Could Reach $5 Million while the Immediate Target is $20,000, says Prominent Crypto Analyst

Prominent Crypto analyst and YouTuber named Carl the Moon, expects the price of Bitcoin could reach $5 million. In the short-term, he predicts $20,000 for the top digital asset. In an interview with Coin Post, Carl argues that the value of the current currency supply is $100 trillion. If the money pool of fiat is overcome by Bitcoin, then its price could easily reach $5 million after taking control of the fiat market cap. Bullish Scenario for Bitcoin According to him, Bitcoin is bullish more than ever as there are some reasons behind it. Central banks have broken records of…

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KuCoin Hacker Sent over $9 Million to Centralized Exchanges to Buy Bitcoin

KuCoin hacker had used not decentralized exchange for laundering stolen funds but had also utilized centralized exchange for the purpose. According to Chainalysis, almost $9 million of stolen funds have moved over centralized exchanges. $13 Million via Decentralized Exchanges The hacking incident took place on Sep.25 in which hot wallets of the exchange were accessed by the hacker and resulted in a loss of more than $281 million in different coins including Bitcoin, Ethereum, XRP, Litecoin, and many others. After the incident, many decentralized platforms announced to freeze funds. For instance, Tether and Velo Labs had successful frozen funds. Besides…

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50 BTC That Were Mined in 2010 Have Been Moved to Bitfinex

An amount of Bitcoin (BTC) has been transferred from an old wallet address that was used ten years ago last time. Reportedly, 50 Bitcoins that were mined in the year 2010 have been moved by someone from this old wallet address into a hot wallet of the Bitfinex cryptocurrency exchange. Interestingly, this amount of BTC was received in 2010 and it has been moved now just a few days ago. The address received 50 BTC as a block reward back in 2010 Recently, a transaction was made by someone who transferred an amount of 50 BTC from a wallet address…

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Ethereum has Surpassed Bitcoin in Miner Fee Revenues

Ethereum network activity has increased many folds due to the rising interest in decentralized finance (DeFi). New data shows that Ethereum miners collected eight times more fees than Bitcoin miners in September alone. Crypto investor Lan Lee finds out that there was a tough competition between the world’s top two blockchains last month, but Ethereum took leading position by making eight times more revenues in mining fees. Ethereum Miners Collected $166 Million He has quoted data from blockchain analytics firm Glassnode which shows that Bitcoin miners collected only $26 million from mining fees as compared to $166 million by Ethereum…

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Almost $335 Million in Bitcoin Has Been Withdrawn from BitMEX after CFTC Crackdown

The Commodity Futures Trading Commission (CFTC) charged against owners of derivatives crypto trading BitMEX which results in a loss of trust of many users on the exchange.  As a result, 32,000 Bitcoin worth $335 million has been washed away in users’ withdrawals. The withdrawal trend on the part of users has been noticed by Chainalysis’s chief economist, Philip Gradwell, at 430 AM EST on Friday. According to him, $335 million in Bitcoin has been withdrawn which added nearly 25% additional liquidity in the crypto markets in less than 24-hours. Funds are Shifting on to Other Exchanges It is also noticed…

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Price Update: Bitcoin (BTC), Ethereum (ETH), XRP

Three top cryptocurrencies Bitcoin (BTC), Ethereum (ETH), and XRP are still looking for a major breakout. Currently, all of these three assets are trading slightly bearish at the moment in the market while standing in their stable zones respectively. These top coins are making efforts to break their near-term resistance levels but they have yet to achieve success in doing that. 1)    BTC/USD Bitcoin, the largest cryptocurrency in the world by market capitalization, is still hovering in the range between $10,000 and $11,000 with no positive signs that indicate that the first-ranked digital currency is going to come out of…

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Only 2.5 Million BTC Left to Mine on the Bitcoin Network

Even though it can sometimes be difficult to remember with the huge total caps of other cryptocurrencies, there are only 21 million in BTC that can be issued when it comes to the leading cryptocurrency. However, of the total 21 million Bitcoin, there are just 2.5 million left behind for miners, if they want to get their hands on it. The rest has already been mined. A tweet was made by ChartBTC, which showed that the Bitcoin Network had already crossed the 18.5 million BTC mark, in regard to the coins in circulation. There is one thing to be learned…

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Now Over 18.5 Million Bitcoin (BTC) Have Been Mined

The total supply of the world’s largest cryptocurrency Bitcoin (BTC) is 21 million out of which 18.5 million BTC has now been mined by miners. According to data from Blockchain.com, the total number of Bitcoins that are currently in circulation has crossed above $18.5 million now. Less than 2.5 million BTC left to mine ChartsBTC has reported in a tweet that the total circulating supply of Bitcoin on the network has now surpassed above $18.5 BTC. Approximately, 88% of the total Bitcoin supply has been discovered or mined so far. There are now only 2.5 BTC left for mining that…

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Grayscale Adds another 17,000 BTC ($186 M) into its Bitcoin Trust

Grayscale Investments Trust adds another 17,000 BTC to its Bitcoin Trust. After a fresh injection of $186 million into its holdings, the total investment of GBTC has reached $4.8 billion. Grayscale has increased its BTC holdings after adding more than 17,000 BTC to Bitcoin Trust. According to the latest report by Grayscale, total assets under management (AUM) touched the figure of $5.8 billion. Assets under Management: $5.8 Billion Out of $5.8 billion, Bitcoin Trust or GBTC comprises $4.8 billion or 82.75% of total investment holdings under the asset fund manager. After Bitcoin, Ethereum is the second asset which comprises $784…

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