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DeFi’s $COVER: Another ‘rug pull’ and coin dump?

DeFi’s total value locked [TVL] figures seem to be holding above $10 billion, however, scams are crawling out of the shadows, one project at a time. While ‘scam’ is a strong, blanket word, not all projects are scams per se. This weekend, the COVER project seems to have caught the attention of this label. Riding […] The post DeFi’s $COVER: Another ‘rug pull’ and coin dump? appeared first on AMBCrypto.

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American Regulators Open For US Banks To Offer Cryptocurrency Custodial Services

by Richard Kastelein The United States Office of the Comptroller of the Currency (OCC) has swung open the doors to allow all nationally chartered American banks to provide custody services for cryptocurrencies — setting off a spectacular bull run in the markets. In a public letter dated July 22, Senior Deputy Comptroller and Senior Counsel Jonathan Gould wrote that any national bank can hold onto the unique cryptographic keys for a cryptocurrency wallet, clearing the way for national banks to hold digital assets for their clients. “As of June 2020, a majority of states have adopted laws and regulations pertaining…

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Are You Looking to Find a Safe Exchange?

What is the hype all about? Bitcoin has expanded over the years and its popularity is still increasing. Are you wondering why people are so interested in Bitcoin and what the benefits are? Some major benefits include: low transaction fees, no third party, and anonymity. Unlike other payment modes such as debit or credit cards that have high transaction fees, Bitcoin transfers have low and affordable fees. Transactions in the crypto space are based on a peer-to-peer mode and do not involve any third party.  This, in its own, comes with numerous benefits. Bitcoin Exchange Options There are so many…

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