Monthly Archives: February 2021

Fortune 500 firm Geely to launch joint blockchain venture in China

A Swiss blockchain developer and Geely will provide enterprise blockchain solutions to clients, with a focus on digital identity, regtech and privacy enhancement technologies. Swiss enterprise blockchain developer, the Concordium Foundation, has signed a joint venture agreement with the $200 billion Chinese conglomerate, Geely Holding Group — the largest shareholder in Volvo and a Fortune Global 500 company.   The joint venture will be 80% owned by Geely and 20% owned by Concordium, but operationally co-managed by both companies. The venture aims to provide Chinese businesses and […]

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Ripple’s XRP sales suppressed coin price, amended court complaint alleges

The SEC alleges that Ripple executives misled investors and manipulated the XRP coin price by creating an “information vacuum.” The United States Securities and Exchange Commission has alleged that Ripple Labs executives Bradley Garlinghouse and Christian Larsen manipulated the XRP price by ramping up or slowing down their coin sales depending upon market conditions. In an amended complaint filed Feb. 18, the plaintiff — the U.S Securities and Exchange Commission —reiterated its stance that Ripple Labs, Christian Larsen and Brad Garlinghouse violated securities laws with the sale of […]

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Exchange tokens BNB, HT, FTT and OKB are on fire in February — Here’s why

Increased trading volumes, innovative products and strong DeFi integration have helped BNB, HT, FTT and OKB soar in February. Bitcoin’s (BTC) current bull run continues to attract institutional investors who are finally realizing its long-term potential. The latest to take the Bitcoin plunge is BlackRock Financial Management, which has “started to dabble a bit” in crypto investments, according to the investment giant’s chief investment officer Rick Rieder. In another positive, investment advisory The Motley Fool projected that Bitcoin could rise to $500,000 over the next 15 years. […]

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Firm in Portugal to accept Bitcoin for electricity bills

Some Portuguese residents will reportedly be able to pay for electricity in Bitcoin starting from February. Luzboa, a small energy trading company in Portugal, will soon start accepting Bitcoin (BTC) as payment for electricity. The company’s president Pedro Morais Leitão announced the news to Portuguese publication Expresso on Wednesday, stating that the new payment option should become available this month. According to the executive, Luzboa will create a Bitcoin wallet in the coming days, allowing residents to pay for electricity under a new payment system known as […]

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Bitcoin accelerates towards $1T market cap as price hits new all-time high

The largest cryptocurrency nears $53,000 on Friday in the latest bullish surge as $50,000 holds as support. Bitcoin (BTC) hit yet another all-time high on Feb. 19 as the largest cryptocurrency set its sights on becoming a trillion-dollar asset. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Another day, another Bitcoin record Data from Cointelegraph Markets and Tradingview showed BTC/USD reaching $52,932 on Bitstamp at the time of writing after rising % in an hour. Holding $50,000 support over the past two days, Bitcoin was primed for further gains […]

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Binance Coin Topples USDT to Become the Number Three Crypto After a 300% Price Surge

The Binance token has toppled the stablecoin Tether to become the third-largest crypto asset by market capitalization. After starting the month of February a little under $50, the token had raced past the $250 mark on February 19. At the time of writing the token is fluctuating around its all-time high (ATH) and stood at $262. At this price, BNB’s market capitalization currently stands at over $38 billion. This is nearly $4 billion more than that of Tether. Meanwhile, before the February price breakout, the token had […]

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Binance Coin becomes the third-largest crypto following parabolic rally

Binance Coin overtakes Tether to become the third-largest cryptocurrency by market capitalization after Bitcoin and Ether. Binance Coin (BNB), a cryptocurrency issued by the world’s largest crypto exchange Binance, has hit a major historical milestone, becoming the third-largest coin by market capitalization for the first time in history. At the time of writing, BNB’s market cap stands at $38 billion, outstripping the biggest stablecoin Tether (USDT) by about $5 billion, according to data from crypto tracking source CoinGecko. Binance Coin is trading at $257, up 47% over […]

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Akoin rolled out in $2B medical metropolis in Kenya

Akon’s Akoin cryptocurrency is set to become the exclusive cryptocurrency of the Mwale Medical and Technology City in Kenya. Akoin (AKN), the crypto project developed by Senegalese-American singer Akon, has completed the pilot rollout stage of its deployment in the Mwale Medical and Technology City complex in Kenya. As previously reported by Cointelegraph, the trial phase was launched back in November 2020 at the time of the AKN listing on the Bittrex crypto exchange. Following the success of the initial pilot, the Akoin crypto is now ready […]

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Elon Musk: ‘Only a fool’ wouldn’t seek non-fiat investments

With real interest rates trending negative, Tesla’s CEO Elon Musk believes “only a fool” would ignore alternative investment opportunities. On Feb. 19, Musk responded to comments made by Binance CEO Changepeng Zhao to Bloomberg in which CZ expressed his surprise at the Tesla executive’s “gung-ho” pronouncements regarding Dogecoin. Tesla co-founder and hypothetical Dogecoin (DOGE) CEO Elon Musk has asserted that “only a fool” would not seek out alternative investments to fiat currency given current interest rates on Twitter today. During the interview, CZ implied that Tesla’s recent […]

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Gene Simmons says he’s added $300K of Cardano to his bags

Kiss bassist Gene Simmons has again taken to Twitter to shill his crypto holdings, claiming to have now invested in Cardano. The iconic bass player of rock band Kiss and recent recruit to Elon Musk’s “Dogecoin army,” Gene Simmons, has announced a six-figure investment into Cardano (ADA). On Feb. 19, Simmons revealed on Twitter that he’d bought $300,000 worth of ADA. While emphasizing that he is not a financial analyst — a helpful disclaimer — the rock star said he wanted to share projects he believes in […]

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