Monthly Archives: December 2019

Bitcoin Briefly Breaks Above $7,500 After SEC Approves BTC Fund

Crypto markets have continued to rebound after a sharp sell-off on Dec. 4, with Bitcoin briefly reclaiming $7,500. Friday, Dec. 6 — crypto markets have continued to rebound after a sharp sell-off on Dec. 4, with Bitcoin (BTC) briefly reclaiming $7,500. The bullish momentum is observed across all the top 20 cryptocurrencies by market capitalization, with just Bitcoin Cash (BCH), Litecoin (LTC) and Unus Sed Leo (LEO) seeing some losses at the time of writing. Meanwhile, Chainlink (LINK) and Cosmos (ATOM) are reporting the biggest gains among […]

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Surprise! Millennials Embrace Bitcoin While Boomers, Gen-Xers Hold Traditional Wealth

Charles Schwab has released its Q3 investment indicator report, a quarterly report that breaks down investment allocation across the firm’s brokerage accounts. It corroborates what most of us have known for a while now: Millennials are more attuned to the value of bitcoin than their Gen-X and Boomer counterparts. According to the report, the Grayscale Bitcoin Trust (GBTC) was the fifth most popular equity across Millennial accounts managed by the brokerage firm, representing 1.84 percent of all assets held under management for the age group. Millennials represent […]

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Bitcoin Price Showing Hidden Signs of Reversing — Next Target $8.2K

Bitcoin bulls have their sights set on $8.2K as BTC price action shows hidden signs of reversing but the bearish descending trendline remains a serious obstacle to overcome. This week Bitcoin (BTC) continued to trade within a tightly defined range and at the time of writing the price is flat. The bulls and bears have been throwing the market back and forth with moments of high volatility on the lower timeframes, all of which are often a sign of a larger move simmering beneath the surface. The […]

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Fortune Star Digital Asset Fund Locks Over 85% of LFE Cash Tokens

This is a paid press release, which contains forward looking statements, and should be treated as advertising or promotional material. Bitcoin.com is not responsible for or liable for any content, accuracy or quality within the press release. Fortune Star Digital Asset Fund (a professional Cayman Islands investment fund) has secured 3,547,437,988 LFE Cash tokens for its flagship digital asset fund that has been launched this week. The deal itself was completed by its parent group Fortune Star Investments Ltd way back at the LFE ITO closing. FSI […]

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Crypto Pyramid Scheme in Uganda Steals Employees’ Money and Closes

An alleged cryptocurrency pyramid scheme in Uganda has fled after defrauding dozens of victims that invested and worked for the scheme. An alleged cryptocurrency pyramid scheme in Uganda has fled after defrauding dozens of victims that invested in and worked for the scheme. Dunamiscoins Resources Limited opened in Masaka last month and started inviting individuals to invest and become part of its “digital currency network,” independent Ugandan newspaper Daily Monitor reports Dec. 5. The firm’s offices closed down covertly just a month after opening, with employees reportedly […]

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Börse Stuttgart Digital Exchange Opens to All Users Based in Germany

The Digital Exchange of the Börse Stuttgart (BSDEX) Germany’s second-largest stock exchange is now open to all users with German residency. Following the start of trading platform for selected investors in September, Börse Stuttgart Stock Exchange (BSDEX) has now opened to all interested users with residence in Germany. Börse Stuttgart made its announcement in a press release on Dec., 6.  Trading venue open — under certain circumstances First of all, users will have to limit themselves to deposits and withdrawals as well as trading bitcoins against euros. […]

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Bank for International Settlements Exec Shows New Fondness for CBDCs

General manager at the BIS Agustin Carstens seems to have changed his negative stance towards CBDCs, now saying that such currencies could open up new possibilities. General manager at the Bank for International Settlements (BIS) Agustin Carstens seems to have changed his negative stance towards central bank digital currencies (CBDCs), now stating that such currencies could open up new possibilities. In his speech entitled “The future of money and the payment system: what role for central banks?” published on Dec. 5, Carstens dug into central banks’ approach […]

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EU Finance Ministers Place Defacto Ban on Libra

Libra’s ongoing organizational snags and run-ins with regulators continue into December, as EU finance ministers agreed Thursday that Libra cannot be launched in the EU until concerns are adequately addressed. The finance ministers issued a joint statement citing regulatory “challenges and risks.” Also Read: Libra Testnet Fails to Impress as New Legislation Looms Lawmakers Still Reluctant Just last month news.Bitcoin.com reported on the “Managed Stablecoins are Securities Act of 2019,” proposed legislation in the U.S. which seeks to regulate libra as a security, going against Libra representatives’ […]

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US SEC Approves BTC Futures Fund to Offer Shares to Institutional Investors

Bitcoin futures-focused NYDIG Bitcoin Strategy Fund has procured approval from the U.S. SEC, entitling it with the right to offer its shares to institutional investors. Bitcoin (BTC) futures-focused NYDIG Bitcoin Strategy Fund has procured approval from the United States Securities and Exchange Commission (SEC), entitling it with the right to offer its shares to institutional investors. According to an SEC filing that came into effect on Dec. 2, the New York Digital Investment Group LLC (NYDIG) is now authorized to offer its shares to institutional investors, including […]

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Coinbase Card Rolls out DAI as First Supported Stablecoin: Official

Coinbase Card, a crypto-powered Visa debit card by Coinbase exchange, now supports Dai, a stablecoin pegged to the United States dollar. Coinbase Card, a crypto-powered Visa debit card from major crypto exchange Coinbase, now supports Dai (DAI), a stablecoin pegged to the United States dollar. According to a blog post on Dec. 6, Dai is the first stablecoin that is available on Coinbase Card, alongside major cryptocurrencies such as Bitcoin (BTC) and Litecoin (LTC). As 1 DAI is equivalent to $1, the addition of the stablecoin to […]

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