Day: February 3, 2021

Amazon Next CEO Andy Jassy: Who Is He?

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Andy Jassy will take over from Bezos in the third quarter of this year and his would-be predecessor says Jassy will become an “outstanding leader” to the company. When Andy Jassy began his career at Amazon in 1997 after he had graduated from Harvard Business School, and earned his first degree from the prestigious Harvard University, little did he know that he was going to someday be able to climb to the peak of the company and superintend all of its business operations. But that is the reality now as…

KuCoin CEO says insurance covered 16% of losses from $285M hack in 2020

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KuCoin CEO Johnny Lyu has revealed that users did not suffer losses on account of the hack that occurred in 2020. The KuCoin chief made this known as part of a letter titled “2020, 2021, and Beyond.” Back in September 2020, the cryptocurrency exchange suffered a security breach with 230 different cryptos stolen from its hot wallet. At the time, the total theft amounted to about $285 million. In the letter, Lyu revealed that the combined efforts of other exchange platforms and law enforcement agencies led to the recovery of…

Calls for Bitcoin Price Rally Grows as $600M Enter Crypto Exchanges

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Cryptocurrency exchanges experienced a dramatic rise in stablecoin deposits in the previous 24 hours, instilling hopes that traders will use the dollar-pegged tokens to purchase Bitcoin. Data fetched by blockchain analytics platform, CryptoQuant, showed exchanges’ stablecoins reserves hitting a record high of 5.47 billion after adding $600 million in a day. The spike apprehensively coincided with a modest upside move in the Bitcoin market, wherein the BTC/USD exchange rate rose by almost 3 percent to hit an intraday high of $36,888. Crypto exchanges are now holding around $5.47 billion worth…

Bitcoin Price Climbs Above $36,000 Just after Ethereum Touches New High

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Bitcoin has been the topic of conversation across the finance world as many business tycoons have voiced out their opinions on the digital coin which largely remain positive. Bitcoin price is headed up after a few days of sideways trading as is Ethereum, which saw a new high after closing above $1,500. Bitcoin has seen green for some days now and looks set to continue after bulls pushed its price to smash a key resistance level of $35,00.  Bitcoin saw its price rise from $33,459 to $35,824 within a 24-hour…

EU politician reveals her conversion to crypto — Eva Kaili – Cointelegraph Magazine

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European Parliamentarian Eva Kaili’s conversion to cryptocurrency came as she watched her friends lose their life savings in the fallout of the Global Financial Crisis. The crunch came during the 2012 Cypriot financial crisis, when Cypriot banks collapsed and a levy was imposed on many depositors to fund the resulting bailout. “Lots of my friends lost their savings because banks suddenly shut down and nobody would guarantee their life savings,” she says. “So this was like quite a shock.” “And then I thought okay, so if this system couldn’t protect…

Ethereum Tops $1550 Levels Just Ahead of Launch of CME Ether Futures

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The open interest in Ether Futures has spiked by 50% while the Ethereum buy call options have also shot up significantly. More importantly, institution buying has resumed in Ethereum with its improving on-chain fundamentals. The world’s second-largest cryptocurrency Ethereum (ETH) has moved past all resistances to hit a new all-time high above $1550. The recent price rally in Ethereum comes just ahead of the launch of the CME Ether Futures scheduled on February 7, 2021. The momentum is already picking up as ETH Futures open interest jumps a massive over…

Pulse DeFi LTD Provides a Full Range of Financial Services, With Decentralization at the Forefront – Sponsored Bitcoin News

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Pulse DeFi LTD Is a new London-based platform for digital token farming, staking, lending and borrowing. It provides a full range of services that can replace the old established financial system, but with decentralization at the forefront. Pulse DeFi LTD Wants You to Be Able to Trust the Economy Again At the top of the homepage of Pulse DeFi LTD stands a single quote, attributed to the inventor of bitcoin, which explains the main drive behind the platform: “The root problem with conventional currency is all trust that’s required to…

How will BTC price react?

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MicroStrategy, a $6.37-billion business intelligence conglomerate in the United States, will meet with public companies on Thursday to discuss Bitcoin (BTC). Michael Saylor, CEO of MicroStrategy, said that professionals from over 1,400 firms are joining the event. “If you are interested in the legal considerations firms face while integrating Bitcoin into their corporate strategy, you are not alone,” Saylor wrote. “We have professionals from more than 1400 firms joining us tomorrow for this discussion.” He also said that he has never seen so many CEOs sign up to attend one…

China could shut down Bitcoin for $7B a year, says Logica Capital chief strategist

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Michael Green, chief strategist and partner at investment advisory firm Logica Capital, sounded the alarm about China’s Bitcoin (BTC) mining dominance during a debate with crypto proponent Anthony Pompliano. The discussion between the Bitcoin skeptic and the Bitcoin bull has just been published by digital asset media outlet Real Vision. Green emphasized the dominant share of hash rate located within China’s borders, describing the network as “incredibly vulnerable” from the perspective of the United States. “The vast majority of the mining activity is occurring in regions like China, Russia and…