Day: December 14, 2020

Sygnum Tokenizes Shares and Plan to Go Public

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The official statement discloses that the tokenization will help investors get access to a modernized way of raising funds instead of relying on the traditional method. Sygnum has finally become the first bank in the world to tokenize its shares with plans in place to launch its future public offering according to an official statement. Interestingly, the shares were issued using Desygnate, its tokenization platform. The official statement discloses that the tokenization will help investors get access to a modernized way of raising funds instead of relying on the traditional…

XRP – BTC – Retail & Institution Investors FOMO HUGE to CRYPTOCURRENCY – Don't Miss Out

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io XRP – BTC – Retail & Institution Investors FOMO HUGE to CRYPTOCURRENCY – Don’t Miss Out Retail investment into BTC Bitcoin is gaining massive momentum. Financial institutions, corporations and millionaires around the world are all FOMOing in to Cryptocurrency – most buying BTC. Bitcoin will potentially be unavailable to most people very soon. This opens the door to ALTCOIN – looking for great investments with HUGE upward momentum potential. SUPPORT ON THE CHAIN BUY US A COFFEE FOLLOW ON THE CHAIN: Subscribe…

Australian Crypto Service Provider Banxa Grabs Toronto Stock Exchange Listing

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This year has been a busy one for the Australian crypto service provider Banxa and there are even more events ahead. Banxa, an Australia-based crypto service provider, is to be listed on TSX Venture Exchange, a Toronto stock exchange, with a market cap just shy of $50 million. Reports from Australian Financial Review’s Street talk stated that Banxa was given the green light earlier this month by local regulators and its shares are now expected to launch for trading on December 25. Banxa’s listing is a first of its kind…

Former PBOC Governor Says Digital Yuan Is Not Threat to Fiat Currencies

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Zhou said that holders of the digital yuan can use it for trading or investment. He added that, unlike Libra, they “don’t have an ambition to replace existing currencies”.  The former governor of the People’s Bank of China (PBOC), Zhou Xiaochuan, said that the digital yuan is not a threat to fiat currencies. The former governor of China’s central bank, PBOC, said the issuance of the digital yuan is not to replace fiat currencies. He further noted that the digital yuan will not take the position of the US dollar. …

Custody Business around Bitcoin Is ‘ Incredibly Successful’, Says Fidelity CEO

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From the time it began Bitcoin mining operation in 2016, Fidelity has been working to bring the future of cryptocurrencies into the legacy world. Fidelity Investments CEO Abby Johnson revealed that it has become hard to track all the developments in the crypto sector since the previously discussed things are now turning out to be a reality at a fast pace. During an interview with Barron’s, Fidelity CEO says there has been an “incredibly successful” run around Bitcoin for the mutual fund giant’s custody business. She also added that business…

First Mover: Horrible 2020 Economy Proved Best Thing for Bitcoin

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Bitcoin was lower on Monday, holding just above $19,000 after rallying about $1,000 over the weekend. “There is an element of fatigue, with the market unable to drum up the momentum needed to spur us to new highs,” Matt Blom, head of sales and trading for the cryptocurrency firm Diginex, told clients in an email. In traditional markets, European shares rose the U.K. and European Union agreed to extend talks over a Brexit-related trade deal. U.S. stock futures pointed to a higher open as lawmakers in Washington continued negotiating a new…

Bitcoin (BTC) Price Regains $19,000 Levels as Institutions Chip-In Once Again

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Bitcoin price shows northward momentum owing to rising confidence among institutions. The institutional developments and money inflow in Bitcoin have triggered investor optimism in the market. After a strong correction last week, Bitcoin (BTC) reclaimed the price of $19,000 over the past weekend. At press time, Bitcoin (BTC) is trading at a price of $19,126 with a market cap of $355 billion. Market analysts are saying that the recent Bitcoin price movement fuels the sentiment of a bull market. The Bitcoin price growth is widely associated with the growing interest…

Chinese Media: Bitcoin Bull Run Could Be Bearish for Gold and Precious Metals

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Chinese state media are predicting further declines for gold and the precious market in general amid a possible parabolic advance for Bitcoin (BTC). Indeed, several market analyses show an increasing pivot away from traditional haven assets like gold towards BTC as investors look to capitalize on the top-ranked crypto by market capitalization reaching new heights. Investors Ditching Gold for Bitcoin Tweeting on Sunday, (Dec. 13, 2020), Red Li founder of Chinese crypto media outlet 8BTC posted a report from China Central Television (CCTV) on the possibility of a Bitcoin bullish…

Share Price of Swiss Biotech Relief Therapeutics Climbs Over 38,000% Year-to-Date

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Relief Therapeutics has recorded a 38,300% gain in its year-to-date record. The stock is currently trading at 0.375 Swiss francs. The share price of Swiss biotech firm Relief Therapeutics Holding SA (SWX: RLF) has climbed 38,000 % in 2020. The spike in the firm’s share price can be tied to its effort to develop a COVID treatment. Specifically, the Swiss biotech firm has been focusing on a drug that may treat respiratory failure caused by the coronavirus.  According to a CNBC report, Relief Therapeutics’ market valuation rose significantly in reaction to…

Rising Wedge on 4H Keeps SUSHI Bulls Uncertain

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SushiSwap’s native token SUSHI lost its higher bids entering the new weekly session Monday as its price fell 4.47 percent. As of 1236 GMT, the SUSHI/USD exchange rate was $2.2813, having bounced off its intraday low of $2.2661 in the late Asian trading session. In doing so, the pair maintained the last week’s support offered by its 20-period exponential moving average on the four-hour (4H) play. SushiSwap Rising Wedge Traders should, however, also note that an Ascending Trendline — just below the 20-EMA wave — served as a more reliable…