Day: January 13, 2021

Arxnovum files Bitcoin ETF application with Canadian securities regulators

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Canadian investment fund manager Arxnovum Investments has filed a prospectus for a new Bitcoin (BTC) exchange-traded fund, or ETF, in Canada. On Monday, the company filed a stack of preliminary documents for the Arxnovum Bitcoin ETF with Canada’s Ontario Securities Commission. According to a preliminary long-form prospectus, Arxnovum plans to list its new Bitcoin ETF on the Toronto Stock Exchange. The listing is subject to the approval of the TSX in accordance with its original listing requirements. “The TSX has not conditionally approved the listing application of the Bitcoin ETF…

Bitcoin Flickers Near $35,000 as Bond Yields Drop; A Detailed Outlook

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Bitcoin wobbled between gains and losses on Wednesday as traders measured on-chain sell-off signals against the drop in the benchmark bond yields. The flagship cryptocurrency surged around 0.5 percent to $34,335 ahead of the New York opening bell. It was trading at $35,233 on Coinbase exchange at its intraday high, pointing to bullish attempts to log another bull run towards $40,000. Bitcoin feels bearish sentiment under $35,000. Source: BTCUSD on TradingView.com Bitcoin feels bearish sentiment under $35,000. Source: BTCUSD on TradingView.com Fundamentals supported a choppy outlook in the cryptocurrency market.…

Moderna and Uber Partner on COVID-19 Vaccine Access

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Engaging an app with a wide reach like Uber to the initiative could help counter the negative impact of the misinformation. Biotechnology company Moderna Inc (NASDAQ: MRNA) on Tuesday announced a partnership with Uber Technologies Inc (NYSE: UBER) to look at ways they could help support the ongoing COVID-19 vaccination exercise. Part of the initiative is to provide “accessible, credible information on vaccine safety through Uber’s in-app messaging”. The firms are looking to work with various stakeholders including public health organisations to discuss ways to improve access to the vaccine.…

TSLA Stock Jumps 5% on Tuesday as Tesla Plans Expansion to India

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Tesla is planning to expand its operations in Asia’s second-largest economy and has already registered an office in India. The company is likely to start manufacturing its cars already in 2021. After an 8% correction on Monday, Tesla Inc (NASDAQ: TSLA) stock bounced back on Tuesday rising nearly 5%. On Tuesday’s closing hours, the TSLA stock was 4.72% up trading at a price of $849 with its market going back above $800 billion. All this happened amid teh talks on the expansion of Tesla to India. Today in the pre-market,…

Valid Points: Price Dips, 60K Validators and Eth 2.0’s ‘Graffiti’ Messages

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It’s been a rough start to the week for crypto investors, although numbers are starting to point upwards once again. Eyes were anxiously set on a new all-time high for ether that failed to materialize as Bitcoin miners largely pulled the price rug last weekend out from under the entire crypto market. Let us not despair too much, however. There’s much to be discussed in the world of Ethereum 2.0. This week, we’ll look at some network stats that continue to show healthy growth among multiple key metrics such as…

Crypto exchange owner gets 10 years in prison for aiding scammers

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Rossen Iossifov, the convicted owner of the RG Coins crypto exchange platform has been sentenced to 10 years imprisonment for money laundering. As previously reported by Cointelegraph, a federal jury in Frankfort Kentucky found the Bulgarian national guilty of conspiracy to commit racketeering and money laundering back in Sep. 2020. The guilty verdict came after only a two-week trial period. According to the United States Justice Department on Tuesday, Iossifov and other RG Coins principal actors participated in an elaborate money laundering conspiracy that defrauded at least 900 Americans to…

Foxconn Forms JV With Geely Autos To Build Cars For Other Automakers

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The Chairman of Foxconn Technology Group stated that the partnership aligns with the company’s visions and reemphasizing the leading position Foxconn holds in today’s technology ecosystem.  Foxconn Technology Co Ltd (TPE: 2354) is yet solidifying its plans to get engrafted in the auto industry by forming a mutual Joint Venture with Chinese auto giant Geely Automobile Holdings Ltd (HKG: 0175) for the design and manufacturing of autos for other car manufacturers. According to a press release from Foxconn, the new Joint Venture will see the companies join hands to provide…

ECB president Lagarde renews calls for global regulation of Bitcoin

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The European Central Bank president Christine Lagarde has repeated her insistence that global regulators need to tighten the rules to ensure Bitcoin (BTC) falls under more coordinated oversight.  In an interview at the Reuters Next conference — amid an unprecedented bull market for the veteran cryptocurrency — Lagarde argued: “[Bitcoin] is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity.” While Bitcoin is pseudonymous, rather than anonymous, its distributed nature and complex interaction with jurisdictional regulatory frameworks present a challenge…

Visa Pulls Out From $5.3 Billion Deal with Plaid

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The DOJ claimed that Visa is enjoying a monopoly on the online debit business, charging exuberant fees from both merchants and consumers to process online payments, which brings them billions of dollars in fees each year. Consumer credit giant Visa Inc (NYSE: V) announced on January 12 that its deal to acquire financial technology company Plaid has been terminated. Visa made the announcement following the United States Department of Justice’s (DOJ) lawsuit which sought to block the proposed $5.3 billion deal on antitrust grounds.  Visa announced the deal to acquire…

‘Drive your lambos to the moon,’ says Lindsay Lohan in crypto promotion video

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The crypto bull season, and the accompanying hype, is undoubtedly upon us. Recalling some of the celebrities who got in on crypto during the historic winter 2017 market, actress Lindsey Lohan has now recorded a paid, promotional video for Bitcoin (BTC) and Ether (ETH). Lohan’s video was commissioned by a crypto news outlet via a platform called Cameo, an online service that allows people or businesses to hire celebrities to record personalized video messages at an agreed price. According to the site, as of publication, a user can make a…