The Global Head of Equity at Jefferies, Christopher Wood, has joined the group of investors that are ditching gold for more Bitcoin exposure. He has reduced his position in gold to expand his investment in the world’s largest cryptocurrency. Wood believes that traditional financial institutions like banks should focus
According to the head of the People’s Bank of China’s Digital Currency Institute, Mu Changchun, the total number of individuals and institutions holding digital yuan wallets reached 140 million and 10 million, respectively at the end of October 2021. During the Hong Kong Fintech Week conference last week,
Mobile payment solutions provider Square Inc. has published its quarterly earnings report, which includes details of its Bitcoin profits. The firm confirmed that it realized $1.8 billion in Bitcoin revenue during Q3 2021, an 11% increase on a year-to-date basis. This translates to a gross profit of $42 million,
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PolyDex has joined the Celo ecosystem, allowing the company to enter the blockchain space for mobile. Celo is part of the new wave of blockchains aiming to democratize finance and offer anyone a chance to participate in the ongoing market changes. The cooperation is not just one of a kind
Opinions
What makes a cryptocurrency investible? Obviously we can look at the traditional benchmarks: sensible value proposition, market opportunity, proven team, etc., but what about security and technical risk? If we were talking about a traditional software or Saas company, we would expect robust and multi-layered digital security protections including encryption,
Ethereum has seen seven consecutive days of deflationary issuance amid its impressive price rally alongside an increase in demand. The London hard fork laid the foundation for Ethereum’s negative supply through the introduction of a burning mechanism. In the past seven days, more Ethereum has been destroyed than has
Press Releases
The EnviDa project is thrilled to announce the launch of its new generation technology known as DriveMining technology. Today, there is a daunting challenge of tackling global warming and ensuring the preservation of the planet and its inhabitants. Although there have been great efforts from virtually every relevant agency around
Newly-elected New York City Mayor Eric Adams has made the decision to receive his first three paychecks in Bitcoin. Adams is going a step further than Miami Mayor Francisco Suarez, who also revealed on Tuesday that he would take his next paycheck in Bitcoin. Mayor Adams made the announcement via
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Denxpro software LLC a software-based company has been offering its services to leading blockchain projects since 2013. Among the projects developed by Denxpro is the GLDX token. Denxpro recently announced the launch of its new, unique, and promising algorithm for the GLDX token. Unlike the algorithms of other tokens which
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According to a recent press release, one of the most anticipated NFT projects, Avalanche Dogs, is set to be launched this November. In consortium with Kalao; the highest-selling NFT platform on the Avalanche Network, Avalanche Dogs non-fungible token collectibles will arrive right after the launch of the Kalao platform and,
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PRüF protocol CEO Clifford Smyth announced a collaborative effort with Unstoppable Domains, opening the door to streamlined brand verification for PRüF assets and enhanced value for Unstoppable Domains clients. In addition to supporting login with Unstoppable domains, PRüF will be recognizing Unstoppable as a Verified Identity Provider, enabling domain holders
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The decentralized finance (DeFi) market has witnessed massive growth in 2021, although the market experienced a pullback within the late first half of the year. However, with all that has happened, DeFi market growth has continued to soar to new highs. According to a report on Business Insider, DeFi is
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Decentralized lending platform, Agile Finance announced the launch of its private token sale starting this November. The token sale aims to boost user engagement and raise funds for the development of the platform to offer the best lending service among the current decentralized exchanges (DEXs). Agile Finance is an algorithmic
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Built for influencers who want to generate revenue from their content, BitOrbit, a Velas-powered project, has recently concluded its IDO. With a supply of 23 million and a public price of $0.007, BitOrbit becomes the first project on the Velas blockchain to sell out its IDO in minutes. While
On Wednesday, the chairman of the Securities and Exchange Commission (SEC) Chairman Gary Gensler, received a letter from U.S. Congressmen, Tom Emmer (MN-06) and Darren Soto (FL-09), soliciting for the approval of a spot Bitcoin exchange-traded fund (ETF) to begin trading in the country. Part of the letter read:
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A survey published on Nov 1 by online polling app Civic Science has revealed that a good number of American workers are quitting their jobs and opting to go the crypto way, having made significant gains from investing in digital assets. A group of 6,741 respondents was quizzed about