Day: December 4, 2020

Tesla May Take Up Daimler to Reach More Global Market Share

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The talks of a potential partnership between Tesla and Daimler dates back to a decade ago when Tesla announced that Daimler will be taking up a 10% stake in the company worth $50 million. The media focus on the potential collaboration between US-based electric vehicle maker Tesla Inc (NASDAQ: TSLA) and Germany-based Daimler AG (ETR: DAI) is resurfacing again. According to Reuters BreakingViews, the acquisition of Daimler AG may turn out to be an AOL-Time Warner deal for Tesla CEO Elon Musk. Tesla currently ranks as the most valuable automotive…

Bitcoin whales selling to institutions as Grayscale adds 7,188 BTC in 24 hours

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Bitcoin (BTC) whales appear to be selling to institutions as the supply squeeze heightens below $20,000. Data from various sources shows that while more BTC returned to exchanges this week, largescale buyers are still creating more demand than supply can meet. Exchange inflows and Grayscale buy-ins Statistics from on-chain analytics service Coin98 confirmed that investment giant Grayscale bought twice as much Bitcoin as miners could create in November. Grayscale Bitcoin buys versus flow in November 2020. Source: Coin98/ Twitter Together with Square and PayPal, the other major corporate actors requiring…

Former Democratic Congressman Proposes $1500 Stimulus Check for COVID-19 Vaccination

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All that matters is to have the majority willing to get the vaccine, and once 75% of the population is immune, the minority who did not get vaccinated would be safe.  Following the deliberation on how to get people vaccinated against the deadly COVID-19 virus that has claimed over 1.5 million lives globally, a Former Democratic Congressman, John Delaney has proposed an idea that could get about 75% of the US population immune to the virus. According to him, all the concerned parties should consider creating an incentive or simply…

Swiss National Bank and BIS complete digital currency proofs-of-concept

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The Bank for International Settlements and the Swiss National Bank and are exploring the benefits of implementing a central bank digital currency, or CBDC, using blockchain technology. According to a Dec. 3 announcement, the BIS Innovation Hub Swiss Centre, or BISIH, has successfully completed two proofs-of-concept linking existing payment systems to a distributed ledger and settling tokenized assets with a wholesale CBDC. Known as “Project Helvetia,” the new initiative is a joint venture from the BISIH, the SNB and Switzerland’s top stock exchange, Six Group. The exchange stated that Project…

Coinbase Custody Announces Support for NuCypher, Ren and Other Tokens

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The listing of these new tokens is a testament to Coinbase Custody’s plans to provide support for more assets for the benefit of its over 300 institutional clients. Coinbase Custody, the subsidiary of the Coinbase cryptocurrency exchange, has announced the custody support for additional tokens. As detailed on the platform’s Twitter page, Coinbase custody now provides custody support for NuCypher (NU), Curve (CRV), REN (REN), wBTC (WBTC), tBTC (TBTC), and DFI Money (YFII).  The capabilities of Coinbase Custody as a cryptocurrency asset custody provider is gaining ground with the platform’s…

Bitcoin Is Undervalued in Comparison to Gold and Equities

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Paul Tudor said that in the next 20 years, digital currencies will be similar to the “complex metals” of today. Here Bitcoin will be the “precious crypto” assuming the role of Gold and other transactional cryptocurrencies will be industrial metals like aluminum and copper. Legendary investor and hedge fund manager Paul Tudor is betting big on Bitcoin. In his recent interview with Yahoo Finance, the investor compared Bitcoin with precious metals and other cryptocurrencies to industrial metals in terms of the use case. Besides, he also predicts that in the…

Cardano ada price prediction | ada today short and long futures perpetual tip november 10th 2020

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Join Our Youtube Member : Get Exclusive Price Analysis Charts Our Backup Channel Please Subscribe : Official channel : Follow the twitter : Hi Friends Note: no voice – only straight point Note: this channel is for educational and opinion purposes only and is not financial advice Only for entertainment purposes Live Day Trader I have been making price analysis videos since 2017. For More Updates Please Subscribe Our Channel & Follow Social Channels. Our channel related topics: My channel includes discussion…

German Bank Hauck & Aufhauser to Launch Cryptocurrency Fund in January 2021

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All professional and semi-professional can invest through the fund in a diversified crypto assets portfolio comprising of Bitcoin, Ether, and Stellar. While we have been hearing about financial institutions warming up to crypto this year in 2020, even traditional are following the cue. On Thursday, December 3, German bank Hauck & Aufhauser said that it will launch its cryptocurrency fund as soon as January 2021. To launch this cryptocurrency fund, Hauck & Aufhauser has collaborated with Berlin-based FinTech startup Kapilendo. Hauck & Aufhauser has decades of experience offering services for…

ICO fines Lincolnshire mortgage broker £50,000 for sending thousands of nuisance texts

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The Information Commissioner’s Office (ICO) has fined OSL Financial Consultancy Limited (OSL) £50,000 for illegally sending 174,342 nuisance marketing texts. The Barnetby based mortgage and loans broker, trading as MortgageKey, came to the attention of the ICO as part of its probe into companies seeking to take advantage of the Covid-19 pandemic with nuisance marketing. Between March and June 2020, the ICO identified a number of complaints about OSL that had been sent to the 7726 spam text reporting service. The complaints related to nuisance text messages received by the…

Spotify Job Listing Hints at Crypto Payments Coming to Its Platform

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Despite the regulatory scrutiny, Spotify has shown willingness to work with Facebook on its Diem project (previously Libra). Besides, the job posting also hints at the company’s willingness to work on the CBDC developments in the crypto industry. As per its latest job postings, audio streaming giant Spotify Technology SA (NYSE: SPOT) is looking to hire for the post of “Associate Director, Payments Strategy and Innovation”. Interestingly, the Spotify job posting also mentions that they are specifically looking for someone with crypto background. The digital currency revolution is happening now.…