US SEC Rewards with Around $5.3 Million to Whistleblowers in Two Cases

The US Securities and Exchange Commission (SEC) announced on Monday that it had awarded around $5.3 million to whistleblowers who have assisted them by providing information regarding enforcement proceedings. According to the press release, a whistleblower pocketed almost $4 million for sending sensitive information that allowed the watchdog to succeed in an enforcement action. In fact, the person participated in […]

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Miami Mayor Francis Suarez Opens His City to Chinese BTC Miners

Francis Suarez, the mayor of Miami, says he is now looking to open his city to all the Chinese bitcoin miners that are getting kicked out of their country. Francis Suarez Opens His City to Chinese BTC Miners China has recently stated that it will be banning all crypto mining operations. Beijing has given these companies approximately two months to […]

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How Cardano Could Fail, According To Charles Hoskinson

Charles Hoskinson, the creator of Cardano and IOG’s CEO, was interviewed by Lex Fridman for his podcast. Hoskinson talked about the past, present, and future and this platform in a discussion almost 5 hours long. Hoskinson played the devil’s advocate and also discussed Cardano’s potential weakness that could lead the project to complete failure. Many of these cases are very […]

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Institutional selling of crypto reaches longest streak since Feb 2018

Institutional managers continued to take profits on their cryptocurrency holdings, with funds dedicated to Bitcoin (BTC) registering their sixth consecutive weekly outflows, according to CoinShares.  Outflows from digital asset investment products totaled $79 million last week, marking the third consecutive weekly decline and the longest stretch of drawdowns since February 2018. Outflows from Bitcon funds totaled $89 million, whereas Ethereum […]

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Coinbase-backed Securitize secures $48M in Series B funding

Morgan Stanley has made its first capital investment foray into the blockchain space, co-leading a $48 million funding for Securitize. According to a release issued on Monday, the Coinbase-backed asset tokenization outfit has completed a Series B funding round that drew participation from Morgan Stanley Tactical Value-managed investment funds and Blockchain Capital. Other participants in the funding round included Sumitomo […]

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MicroStrategy expands company's Bitcoin holdings with $489M purchase

MicroStrategy has bought even more Bitcoin (BTC) despite the current price struggles for the largest crypto by market capitalization. According to an announcement on Monday, the business intelligence firm purchase 13,005 BTC at an average price of $37,617 for a combined total of about $489 million. Monday’s report takes MicroStrategy’s Bitcoin balance sheet north of the 100,000 mark with the […]

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Deutsche Bank Partners with Fiserv for Payment Acceptance in Germany

Deutsche Bank, a leading German financial services provider, today announced that it has formed a partnership with Fiserv, the US-based fintech and financial services firm, to launch a joint venture. According to an announcement by Deutsche Bank, the joint venture will create payment acceptance and banking solutions for the German market. Deutsche Bank and Fiserv aim to support small and […]

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Bank TSB set to bar 5.4M customers from buying crypto

United Kingdom-based financial institution TSB Banking Group Plc. will soon ban its over 5.4 million customers from buying Bitcoin (BTC) and other cryptocurrencies. According to a report by The Telegraph on Saturday, the bank’s imminent crypto ban is due to alleged cases of fraud associated with cryptocurrency transactions. Bank TSB has reportedly received a plethora of complaints from customers about […]

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Bitcoin Correction Increases Crypto Liquidations

Bitcoin, the world’s most valuable digital currency, dropped below $32,500 on Monday after a sharp decrease of 8% in the last 24 hours. The latest Bitcoin sell-off has accelerated liquidations across the crypto market. According to the latest data posted by crypto platform bybt.com, approximately $800 million worth of long crypto positions got liquidated within a single day. The number […]

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