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Celsius Network Raises $400 Mln at a $3 Bln Valuation to Expand Offerings, Make Acquisitions, & Reassure Regulators

CDPQ invested in the crypto lender but has “absolutely” no plan to allocate directly in BTC or digital assets. Celsius manages $25 billion in assets, adding $15 billion in just seven months. The firm is facing several warnings from regulators of Texas, New Jersey, Kentucky, and Alabama for allegedly…

News

Crypto Exchange Poloniex Settles Charges With the SEC for Operating as an Unregistered Exchange

Poloniex agrees to pay $10.4M to settle U.S. SEC charges. Despite operating a trading platform, Poloniex did not register as a national securities exchange with regulators. The crypto firm agreed to settle without admitting or denying the charges. In a major regulatory development, cryptocurrency exchange firm Poloniex has agreed…

News

US Senators Want to Restrict American Athletes from Using Digital Yuan in 2022 Winter Games

Three US lawmakers have sent a letter to the US Olympics Committee urging them to restrict the US contingent from using China’s digital Yuan during the Winter Olympics 2022 in Beijing. The Republican politicians Marsha Blackburn, Cynthia Lummis, and Roger Wicker mentioned in their letter that using the digital…

News

Institutional Crypto Selling has the Longest Drawdown Stretch since 2018

The crypto market has witnessed significant digital asset outflows due to selloffs around Bitcoin funds. In the third week of June 2021, the total outflows by selling digital assets reached $79 million, marking the longest drawdown stretch since February 2018. The total outflows from Bitcoin funds were $89 million,…

News

UBS Considering to Offer Crypto Services to its Rich Clientele

To prevent client exodus, UBS is considering offering investment opportunities in the digital assets space. Ralph Hamers, the new CEO of UBS, has been tasked to ax high costs and increase UBS’ revenue. UBS may offer digital asset investment opportunities through third-party investment vehicles. The Swiss banking behemoth UBS…

Blog, Featured

CBDCs and Privacy Concerns

Starting with France, more than 40 countries have allegedly proposed a state-backed digital currency (CBDC) to lead the era of a cashless economy. Unlike Bitcoin that is completely decentralized, CBDCs are centralized digital currencies and will be prone to central control brewing a lot of privacy concerns. A robust…

News

OKEx Silence Continues As It Approaches One-Month Since Withdrawal Ban

Crypto markets have been experiencing a positive market outlook since September with the recent bull run taking Bitcoin past 16k in a record high since 2017. Insensitive to what’s happening in the industry, the troubled crypto exchange has maintained a long window of silence. This has resulted in…

News

How Kraken is Getting Approval for SPDI?

US-based popular cryptocurrency firm “Kraken” is all set to open the world’s first digital Special Purpose Depository Institution with the proposed named “Kraken Financials” after getting the approval from the Wyoming Banking Board. Kraken has been consistent in maintaining its name in the list of Top 20 Cryptocurrency exchanges…

News

High Hopes For Bitcoin As Warren Buffet Secures A Massive Investment In Gold

As legendary investor Warren Buffett diversifies Berkshire Hathaway portfolio holdings into the gold sectors, speculations making the rounds are suggesting a possible move into Bitcoin investment despite Buffett’s continuous criticism of the digital asset. Prices of gold soar above $2000 per ounce as billionaire investor and CEO of Berkshire…

Featured, News

Bitcoin Price Analysis: Changing Fundamentals

The past weeks have seen the price of Bitcoin react negatively to the outbreak of the coronavirus as the spread intensifies Bitcoin price analysis shows that investor confidence was restored after Bitcoin struggled to maintain price movement above the 200-day MA Last week was an eventful week for Bitcoin…

digital assets

Celsius Network Raises $400 Mln at a $3 Bln Valuation to Expand Offerings, Make Acquisitions, & Reassure Regulators

Crypto Exchange Poloniex Settles Charges With the SEC for Operating as an Unregistered Exchange

US Senators Want to Restrict American Athletes from Using Digital Yuan in 2022 Winter Games

Institutional Crypto Selling has the Longest Drawdown Stretch since 2018

UBS Considering to Offer Crypto Services to its Rich Clientele

CBDCs and Privacy Concerns

OKEx Silence Continues As It Approaches One-Month Since Withdrawal Ban

How Kraken is Getting Approval for SPDI?

High Hopes For Bitcoin As Warren Buffet Secures A Massive Investment In Gold

Bitcoin Price Analysis: Changing Fundamentals

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