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  Japan embraces cryptocurrencies: investment funds allowed to hold digital assets

  2024-02-21 Trade News

  Japan is working to enable venture capital firms and other investment funds to hold crypto assets directly, Bloomberg reports. The government of Japanese Prime Minister Fumio Kishida has agreed to submit a revised bill to implement the change, which marks a significant development in the country's approach to cryptocurrency. Japanese…

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  Why Did This Major Cryptocurrency Exchange Remove Native Bitcoin Payments?

  2024-02-21 Trade News

  This article is brief: -Cryptocurrency exchange Coinbase stopped local bitcoin payments due to operational hurdles. -Lauren Dowling, head of product at Coinbase, launched an on-chain payment protocol to address customer concerns. -The news comes as JPMorgan upgraded Coinbase Global (COIN) to Neutral, causing the stock to soar 10%.Bitcoin Miner An…

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  Cryptocurrencies and Stablecoins Will Strengthen but Won’t Threaten the Dollar, Fed Official Says

  2024-02-20 Trade News

  The official said that the use of the United States dollar stablecoin in the decentralized financial sector was a good thing because it could strengthen the United States dollar. A U.S. Federal Reserve official said that the increased use and adoption of the U.S. dollar stablecoin could benefit the dollar's…

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  Coinbase Custodian Manages 90% of Bitcoin ETF Assets Alone

  2024-02-20 Trade News

  As a qualified custodian, Coinbase holds a sizable share, overseeing approximately 90% of the total assets of the Bitcoin ETF. Coinbase reported impressive Q4 2023 results, leading to a sharp rise in the COIN stock price. In a recent statement, Coinbase CEO Brian Armstrong revealed interesting insights into the vast…

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  MicroStrategy Aims for S&P 500 Inclusion as Its Bitcoin Profits Top $4 Billion

  2024-02-20 Trade News

  MicroStrategy's stellar performance this year has brought it close to qualifying for the S&P 500. Just as the price of Bitcoin soared to nearly $53,000, MicroStrategy Corporation (NASDAQ: MSTR), the largest corporate owner of cryptocurrencies, has seen its profits soar from over $10 billion in holdings to over $4 billion.…

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  AI Chatbot: These Torrents Could Outperform Bitcoin in 2024

  2024-02-20 Trade News

  The popular AI chatbot lists several alternatives that could outperform BTC in 2024. Bitcoin has started 2024 on an impressive note, not only in terms of price action, but also in terms of global adoption following the approval of nearly 12 spot BTC ETFs in the United States.Bitcoin Miner With…

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  Coinsafe Expands Cryptocurrency Custody Through Alliance with UBS

  2024-02-01 Trade News

  CoinSecurities, the world's most traded cryptocurrency exchange, has entered into a strategic partnership with a Swiss banking institution to alleviate growing concerns about counterparty risk in the crypto industry, according to a report by the FT. This follows a regulatory fine imposed on CoinSecure by US authorities in 2023. As…

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  Standard Chartered Expects Ether ETF Approval on May 23rd

  2024-02-01 Trade News

  Standard Chartered's Geoffrey Kendrick expects the SEC to approve the U.S. Ether ETF on May 23rd. From initial denial to approval, Standard Chartered expects similarities between the Ether ETF and the SEC's approach to the Bitcoin ETF. Geoffrey Kendrick, the bank's head of foreign exchange and digital asset research, believes…

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  OpenSea Considers Acquisition as NFT Market Consolidation Continues

  2024-02-01 Trade News

  Finzer said in a recent interview that OpenSea has received offers and interest in acquisitions. CEO Devin Finzer said OpenSea, a marketplace for non-homogenized tokens (NFTs), remains "open" to the prospect of an acquisition as consolidation in the broader NFT industry intensifies. Finzer shared, "We think that if the right…

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  Can Japan’s CBDC End the Cryptocurrency Gridlock in the U.S.?

  2024-02-01 Trade News

  This article is brief: -The Bank of Japan (BoJ) plans to review the launch of the Central Bank Digital Currency (CBDC) in 2024, with a launch as early as 2026. -The BOJ is testing the CBDC payment process and has achieved transaction speeds of 500-3,000 transactions per second for 100,000…

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