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While information today can be easily transferred over the internet via email or text, global payments on the other hand, have remained in a “fax era,” according to the former president of PayPal.  In a Sept. 11 interview with CNBC, the former PayPal executive and co-founder of Bitcoin Lightning-focused payment service Lightspark said he believes Bitcoin’s Lightning
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Bitcoin (BTC) is recovering from a “black swan” event last rivaled by the March 2020 COVID-19 crash, data suggests. In one of its Quicktake posts on Sep. 7, on-chain analytics platform CryptoQuant revealed a major spike in loss-making unspent transaction outputs (UTXOs). CryptoQuant: Bitcoin UTXOs in Loss “mirror” March 2020 Bitcoin may be worrying market
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An increasing number of investment firms in the United States and Europe are appointing senior executives to lead digital asset investment strategies, based on the findings of a market intelligence firm. According to a recent Amberdata report titled ‘Digital Assets: Managers’ Data Infrastructure Fuel,’ 24% of asset management firms have adopted a digital assets strategy,
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Top Stories This Week Binance crypto exchange saw 10 key execs leave in 2023. Here’s the list A key talking point in the crypto community has been the ongoing exodus of executives from Binance amid growing regulatory troubles. Binance has seen the departure of 10 key executives from various departments in the first nine months
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Bitcoin’s price is trading in a frustratingly tight range between $25,500 and $26,500, leaving traders unsure of the next direction that the asset could take. However, Charles Edwards, founder of Capriole Investments, believes that Bitcoin’s (BTC) current price presents a low-risk long-term buying opportunity. Edwards’ view is based on Bitcoin’s production cost and energy value. Capriole Investments
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The Blockchain Association, a United States-based cryptocurrency advocacy group, has submitted suggestions for lawmakers to consider in potential legislation on the tax treatment of digital assets. In a Sept. 8 letter to U.S. Sens. Ron Wyden and Mike Crapo, the Blockchain Association said lawmakers should support the Keep Innovation in America Act, a bill aimed
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On this week’s episode of “Macro Markets,” Cointelegraph analyst Marcel Pechman delves into a thought-provoking discussion on the United States Federal Reserve’s financial woes. Pechman opens by highlighting how the Fed is grappling with staggering losses and emphasizes a fundamental macroeconomic principle: that overall wealth cannot be universally enhanced as demand for goods and services grows.
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The United States Federal Reserve Bank vice chairman spoke at the Philadelphia Fed’s fintech event on Sept. 8 about the central bank’s role in financial innovation. Research and supervision was the short answer and a nod to the FedNow Service. Along with the standard disclaimer about it making no decisions without Congressional authorization, Barr provided
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Bitcoin (BTC) extended volatility into the Sept. 8 Wall Street open as a classic “short squeeze” sparked new September highs. BTC/USD 1-hour chart. Source: TradingView Bitcoin offers a round trip to $24,400 Data from Cointelegraph Markets Pro and TradingView showed BTC price movements liquidating shorts and longs alike. Bitcoin had seen upside momentum the day
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Our weekly roundup of news from East Asia curates the industry’s most important developments. $500B firm partners with Polygon  South Korea’s Mirae Asset Security Token Working Group, with over $500 billion in assets under management (AUM), is collaborating with Ethereum layer-two scaling solution Polygon (MATIC) for security tokenization initiatives.  According to a Sept. 7 press
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The Monetary Authority of Singapore (MAS) has said that no businesses have qualified to participate in its FinTech Regulatory Sandbox framework as cryptocurrency payment providers.  Responding to a letter criticizing the Singaporean government’s lack of public consultation and oversight on crypto adoption published in the Financial Times, the MAS clarified that the country does not
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