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A BTC ETF Is One of the Most Desired Products

As bitcoin and the cryptocurrency industry continue to grow, there is increasing pressure on the Securities and Exchange Commission (SEC) to do something about approving a bitcoin-based exchange-traded fund (ETF). America is lagging, and with the digital currency world expanding to such a degree, many analysts and investors are wondering what could be taking so long. A Bitcoin ETF: Is It Right Around the Corner? As it stands, there are at least eight companies looking to get bitcoin or crypto-based ETF applications approved by the governing financial agency. Many big names – including Mike Novogratz of Galaxy Digital fame – have thrown…

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Aftermath Of Coinbase Listing: Impact On Bitcoin So Far

Undoubtedly, the financial and cryptocurrency news will be approached from different angles following the Coinbase listing. However, the summary of the whole story has the following impacts on Bitcoin. As we’re all aware, Bitcoin is one of the points of interest for Coinbase. However, most governments including the USA, India, and recently Turkey have always been uncomfortable with Bitcoin since it dawned. It’s understandable that governments like working with what they can control and regulate, legal tender and fiat currencies being some of the best examples. Governments, via the Central Banks, use monetary policies to influence the economy, and that’s…

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Jim Cramer Really Wants to Be Paid in Bitcoin

Stock market expert and television personality Jim Cramer allegedly would not mind being paid in bitcoin. Heck, he said he might even demand it in the coming future. Jim Cramer: I Want BTC-Based Paychecks His comments stem from a recent news story that MicroStrategy – one of the first official institutions to publicly support bitcoin and buy billions of dollars-worth of the digital currency – would be paying its board of directors’ salaries and fees in BTC rather than cash. The company claimed that doing so was part of its everlasting “commitment” to the digital currency spectrum. The company announced in a Securities and…

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Pakistani Company Sold Fake KYC Docs To Russian Trolls For BTC

A Pakistani company sold fake KYC docs to Russian trolls for BTC according to the US Treasury Department’s Office of Foreign Assets Control which sanctioned 16 groups and 16 persons for meddling in the 2020 election as we can see more in our latest bitcoin news. OFAC levied the sanctions against 16 groups and 16 people today and landed on the Specially designated nationals and Blocked Person list for seeking to undermine US elections. A few used cryptocurrency to facilitate their activities and the 2020 election ended over five months ago but the US isn’t done litigating it. The US…

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Bitcoin’s Exploding Value May Have Turned Bitfinex Hackers Into Multi-Billionaires

Holding cryptocurrencies have made billionaires out of some of the leading figures in the crypto ecosystem. Usually, these crypto billionaires are CEOs of exchanges or long-term investors, but there is an anomaly this time, and the names or faces behind this billion-dollar status are still unknown. Bitfinex hackers now have $7.5 billion worth of Bitcoin in their possession These anonymous billionaires are famous for launching one of the largest cyber thefts in the last decade. And now, with Bitcoin’s value soaring to new levels, these hackers are going down in history as some of the richest Bitcoin hackers the world…

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Crypto Exchange Rates: Making Sense of Bull and Bear Markets

Getting into cryptocurrency trading as a newcomer is a surprisingly educational experience. You learn how crypto exchange rates work, you discover various ways to boost your Bitcoin stash and you learn your way around a virtual wallet. You also gradually get to grips with a near-endless archive of financial terms and industry jargon, which incorporates countless entries you’ll have heard of, but previously had no idea what they meant. A case in point example – bull and bear markets. This is an example of the kind of daunting and disconcerting investor jargon that can be off-putting for newcomers. Nevertheless, making…

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Turkey Bans Use Of Bitcoin For Payments, But This Could Be Backfiring

Turkey’s cryptocurrency ban has already begun to face resistance from a defiant crowd. To assume that the rebellion is temporary is to underestimate the necessity of cryptocurrencies in the lives of the masses. As we’ve seen before,  banning cryptocurrencies has always resulted in significant pushback from the affected, as such, the Turkish government may need to brace itself for the weeks ahead as citizens poke corners to find a loophole. Turkey bans citizens from using cryptocurrencies Turkey officially placed a ban on cryptocurrencies on the 16th of April. The Central bank of Turkey put out an official statement demanding that…

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Turkey Banned Crypto Payments, BTC Drops On The News

Turkey banned crypto payments as of today and they cannot be longer used directly or indirectly for payments according to the reports by the Turkish Central Bank so let’s read more about it in our latest cryptocurrency news. Bitcoin and other cryptocurrencies were banned in Turkey according to a notice published today by the country’s central bank. BTC dropped by 2% after the announcement which cited “irreparable” damages and major risks with transactions that involve crypto. The new legislation will go into effect on April 30. Cryptocurrencies were booming in the country which saw inflation weaken the value of the…

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DEFIT Launches with a Big Hit

DEFIT, the ERC20 token of 360Wellness, a Blockchain-based health and fitness application, was launched last week.  Within just a week of its launch, the 360Wellness community and DEFIT have crossed as many as 20,000 followers on all of the social media platforms showing the massive interest of people in a decentralized fitness solution.  360Wellness synergizes the world of decentralization finance with fitness. DEFIT provides the missing piece of this ecosystem where users can follow a healthy lifestyle and reach their fitness goals without worrying about the security of their data or the integrity of data provided on the platform.  The…

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Two surprising topics are currently more pressing to BlackRock’s institutional clients than Bitcoin

Institutions exhilarated to dabble with cryptocurrencies, but not enough to go all in. The continuous Bitcoin purchases from institutions are enough to place one under the impression that interest rates from these firms have hit the roof, but BlackRock’s Larry Fink finds that to be misleading to a large extent. His reason being that from his firsthand experience, institutional clients are thrilled about cryptocurrencies, but not interested enough to go all the way through. “Institutions Care More About Climate Change, Inflation“ This is not the case for every institution as we’ve seen in the past months, but a fair share of…

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Gryphon Digital Mining Is Opening the Door to Completely “Clean” BTC

Gryphon Digital Mining has just completed a new funding round in which the company has raised a whopping $14 million to launch a new bitcoin mining firm that will leave no carbon footprint. Gryphon Digital Mining Has Raised a Lot of Money The hate towards bitcoin mining appears to be growing now that bitcoin has reached its new all-time high of more than $60,000 per unit. The idea is that granted bitcoin’s price grows, so do its mining costs and requirements, which are thus potentially causing serious harm to Earth’s environment. It has been widely argued that bitcoin mining requires more energy…

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Kevin McCarthy: BTC Regulation Must Become a Priority

As bitcoin hits a new all-time high this week of just under $63,000 per unit, it appears that several members of Congress have different feelings towards the world’s number one digital currency by market cap. Kevin McCarthy – the House Minority Leader and a Republican from California – has reported that he is a fan of bitcoin, and that the U.S. government needs to wake up when it comes to implementing the appropriate regulations. Kevin McCarthy: The U.S. Is Losing Out In a recent interview, he stated: This is something that those who regulate, those who are in government, that make policy, better…

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MicroStrategy Directors to Receive Salaries in BTC

Software firm MicroStrategy is making new headway with bitcoin and says that all its non-employee board members will be paid in BTC rather than cash. MicroStrategy Is Pushing Further Bitcoin Adoption The company has been one of the most supportive of the world’s number one digital currency by market cap. During a time when most of the globe’s institutions were still afraid to step in and take control of the financial reins, MicroStrategy led the way by being one of the first largescale companies to ever pledge public support for the asset. The company also took this support to a new level when it…

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Blackrock CEO says crypto ‘may become a great asset class’ but is no substitute for currency

Larry Fink said he hadn't been seeing great institutional demand for crypto within Blackrock's circles. Despite the successful rollout of Coinbase's stock on Wednesday, Blackrock CEO Larry Fink still expressed some concerns over the institutional adoption of crypto. In an interview with CNBC’s Squawk Box on Thursday, Fink said he was "encouraged by how many people were focusing" on crypto and the narrative surrounding it, but he seemed to imply his views were largely unchanged in the wake of a major cryptocurrency exchange going public.  "[Crypto] may become a great asset class, and I do believe this could become a great…

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Insurance Giant AXA Introduces Bitcoin Payment Option For Swiss Customers

The increased popularity of cryptocurrency has meant that more firms are open to accepting it as a form of payment. Thanks to PayPal’s decision to enable crypto transactions for its users, millions of merchants can now take crypto payments. Tesla also announced recently that it would accept bitcoin as a form of payment and it seems there is no stopping the crypto train.  Now, AXA, an insurance giant, appears to have joined the bandwagon as it was announced on April 15, 2021, that its Swiss arm would begin accepting bitcoin as a form of payment.  Bitcoin Comes to AXA As…

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Coinbase Listing May Boost Bitcoin to $70,000 – Bloomberg’s Chief Analyst Says

Coinbase is now a publicly traded company after the grand listing by Nasdaq on 14 April finally went through. In addition to having a direct positive outcome for the largest US-based crypto-exchange in terms of increased valuation and trading volume, the listing also avails Bitcoin to a wider investor pool and is likely to drive BTC to $70,000 and beyond. According to Bloomberg’s Senior Commodity Strategist Mike McGlone, Bitcoin and Tesla (which has probably one of the biggest institutional investments in BTC), are now intertwined, with bitcoin likely to soar past $70k. “The lowest 30-day volatility since October indicates Bitcoin…

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Here Come NFT + Games! WaykiChain and Chongqing Mebius Join Hands in a Strategic Partnership

Recently, WaykiChain and Chongqing Mengbius Network Technology Co., Ltd. took the game Peerless King as a negotiation opportunity and reached strategic cooperation. WaykiChain has the industry’s top-of-the-range blockchain public-chain technology, while Mebius has rich experience in games in blockchain ecosystems. The partners will harness their respective advantages, learn from each other’s strengths, and jointly advance and develop the NFT + games direction, which is beneficial for mutual promotion. I. Mebius: Games in Blockchain Ecosystems Chongqing Mebius Network Technology Co., Ltd. is an all-in-one network service company that provides website construction, mobile app development, WeChat applet development, and back-end management services.…

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Bitcoin Price Analysis: BTC Reaches $65K, Bulls In Control

Bitcoin price extended its rise above the $64,000 resistance against the US Dollar. The price is now trading above the $61,500 support and the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $61,080 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase). The pair could start a fresh rally above $63,000 as long as there is no close below $60,000. Bitcoin price extended its rally to a new all-time high above $64,500 against the US Dollar. BTC is correcting gains, but it remains well bid above the $60,000 zone.…

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Coinsbit Opens in India, but Was Now the Right Time?

There is a new cryptocurrency exchange heading to India. The company is called Coinsbit, and while this is not exactly a new trading firm – it has existed in Europe for years – the company is looking to expand into a region that is having a hard time making up its mind about cryptocurrency. Coinsbit Opens Its Doors in India The exchange this time around will be known as Coinsbit India, and all new users who decide to sign up and take part in the know your customer (KYC) protocols enforced by the trading platform will get a special reward of approximately $200…

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Coinbase Successfully Becomes First Major Bitcoin-Focused Company To Test The U.S. Public Market

Coinbase, one of the biggest and most successful cryptocurrency exchanges in the world, made its trading debut on the NASDAQ on April 14, 2021. This marked one of the first-ever instances of a crypto exchange’s shares being listed on the U.S. public market, and this is a sign of the growing acceptance of cryptocurrency in the wider financial market.  The highly-anticipated debut was well-received by the market, with a debut price of $381 per share, which was already above the $250 pre-debut price it had been marked at. Before the end of its first trading day, the price had risen…

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