Thu Nov 28 5:41 PM

Mike Novogratz Hopes Biden Administration to Provide Favorable Crypto Regulations

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Mike Novogratz said that investors remain confident in the top crypto asset, regardless of the Trump administration’s rules.Ex-hedge fund manager and Galaxy Digital founder Mike Novogratz hopes that the incoming Biden administration would provide “open-minded” regulations for digital assets. A few months ago, the...

Japan to Launch Feasibility Study into CBDC

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A report by the Bank of Japan indicates that to be prepared in case of the great need for a CBDC, the bank will launch a feasibility study. Japan is set to launch a study into the feasibility of a digital currency (CBDC) for use...

Market Wrap: Bitcoin Dumps to $21.9K; ETH 2.0 Affected Ether Locked in DeFi

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After the past week’s record bitcoin volume for 2020, the price dipped on lower volume. Meanwhile, November’s dip in ether assets locked in DeFi can at least partially be attributed to the Ethereum network’s ambitious 2.0 upgrade. Bitcoin (BTC) trading around $22,843 as of 21:00...

Coinbase Weighs Up Ripple as SEC Stamp Out XRP

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The lawsuit is centered around XRP. The SEC described XRP as an unregistered securities offered to investors not only in the United States but also across the globe. Coinbase is reportedly contemplating its relationship with Ripple as the Security and Exchange Commission (SEC) looks to...

Ripple Partner MoneyGram Issues Statement After US SEC Files Lawsuit

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Earlier this month, Ripple sold $15 million of its MoneyGram stock while not giving any specific reason behind it.A day after the US Securities and Exchange Commission (SEC) filed a lawsuit on Ripple, its partner MoneyGram issued a statement clarifying its association with the...

US Presidential Advisory Group Insists on Regulation of Stablecoins

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On Wednesday, President Trump’s Working Group on Financial Markets published a report regarding stablecoins retail payments perception amongst the public.A certain leading US financial regulators group has recently issued a new statement regarding stablecoins. The group recommended that the same regulation used in other...

Grayscale Gains Additional $3B to Record $16.4B Asset Under Management

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On 14 December 2020, Grayscale announced publicly that their Asset Under Management had increased to $13 billion for the first time. Interestingly, this has increased to $16.4 billion in a little over a week. Grayscale Investment Trust LLC (OTCMKTS: GBTC) is continuing its impressive performance...

Ethereum 2.0 Deposit Contracts Hold More Than 2M ETH Worth Over $1B

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Within three weeks of the launch of Ethereum 2.0 Beacon Chain, the Ethereum deposit contracts have seen over 2 million ETH inflows which is 380% more than the threshold value.Within three weeks of the launch of Ethereum 2.0 Beacon Chain, the deposit contracts are...

Bitwise 10 Crypto Index Liquidates Its Position in XRP, OSL Suspends XRP Services

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Digital assets manager Bitwise has liquidated $9.3 million worth of XRP and reinvested in other assets. Hong Kong’s OSL has suspended the asset from its platform. This is done in response to SEC’s lawsuit against Ripple Inc.The US Securities and Exchange Commission (SEC) on...

23rd December: BTC/USD Balancing between $23,000 and $24,000

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Konstantin Anissimov, Executive Director at CEX.IO, shares his insights about the Bitcoin (BTC) and Ethereum (ETH) daily price movements.BTC/USDOn 23rd December 2020, BTC/USD opened at 23,838 and reached 24,023 in the next two hours. Being pressured down by the local resistance level, the pair...