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A lot of financial experts these days are very concerned about the future of the financial world. The reason for this is the fear of upcoming inflation, which may or may not arrive in years to come. This pessimistic future outlook should concern everyone, but, on the bright side, there
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Cryptocurrency and blockchain are the hot topic of the financial world, and they have been for years now. They are the most disruptive and most revolutionary concepts that have come to the world of finance in decades. The only other thing that has happened to finance that can compare to
In response to its brewing regulatory hurdles in the U.K., Binance has blocked British Pounds (GBP) and Euros (EUR) withdrawals. The leading crypto exchange issued a notice stating that customers would no longer be able to with both fiat currencies. The development comes a few days after Clear Junction,
Chinese Bitcoin mining company, Bit Mining, has reportedly raised $50 million to finance its relocation out of China. In a Monday announcement, the NYSE-listed firm disclosed that it had entered into an agreement with some accredited investors to raise the said amount from the sale of 100 million shares and
Anhui has joined the list of provinces that have taken steps to restrict Bitcoin mining and trading in China. Officials in the small eastern-Chinese province have announced a set of measures to tackle growing electricity demand and the associated power supply shortage over the next three years. And part of
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In a prospectus filed on June 21, VanEck—a U.S.-based investment firm—filed for a new Bitcoin Strategy Fund with the country's primary regulator, the Securities and Exchange Commission (SEC). As per details, the fund will explicitly invest in Bitcoin Futures. They will also consider pooled
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For a long time now, the DeFi sector has been attracting users with endless possibilities to earn passive income. As many are likely aware — or at least, they should be — investing in cryptocurrencies makes one highly dependent on the market volatility. You will surely see some great gains in a
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Nowhere is the value of a multi chain crypto ecosystem seen more clearly than in DeFi. The processes required for DeFi such as lending, staking and yield farming are complex. Given that there already exist many chains, all offering different services, it is unrealistic to expect one chain to be
China's biggest maker of cryptocurrency mining machines, Bitmain, has expanded its business into Turkey’s growing crypto market. The firm has reportedly opened a physical crypto mining shop in Istanbul. Bitmain’s expansion to Turkey is being facilitated by its official distributor Phoenix Store. Phoenix already has a
Grayscale Investments is arguably one step closer to converting its Bitcoin Trust into what may become America’s first Bitcoin ETF. The world’s largest digital asset manager has teamed up with America’s oldest bank BNY Mellon. BNY will act as an asset service provider to Grayscale on its
India’s ICICI Bank has warned users not to use its remittance services for any form of cryptocurrency transactions. ICICI, which is one of the nation’s biggest financial institutions, clearly expressed its intentions to stop users from using its service for crypto transactions in its latest iteration of the
The U.K. Police have seized a record £180 million ($250 million) worth of cryptocurrencies as part of an ongoing money-laundering investigation, marking one of the largest crypto seizures in the world. The latest seizure comes less than a month after the Met confiscated £114 million ($158 million). On June
According to data from leading Ethereum data firm Dune Analytics, the number of active wallets on Ethereum-based DeFi protocols has surpassed 3 million. Richard Chen, a partner at 1Confirmation, shared the information on Twitter. He noted that this was the first time that the total number of unique Ethereum (ETH)
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Amid multiple regulatory clampdowns, Binance’s struggle to stay above the storm may only just be starting as yet another partner has severed ties with the leading crypto exchange platform. Clear Junction, a global payment solution provider and one of Binance’s more important partners in Europe, has confirmed that
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At the current valuation of over $610 billion, Bitcoin's volatility year-on-date volatility is 4 percent, trackers on July 13 reveal. Volatility which measures the rate of price change is a metric that investors and traders closely watch. While investors are wary of high volatility levels, often hedging assets
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The Decentralized Finance (DeFi) sector has brought new ability into the crypto industry — to invest in various tokens belonging to the sector and receive passive income. However, this is only one, albeit the most popular, a feature of the sector. DeFi has also unlocked additional value in crypto by enabling