Day: February 3, 2021

Uphold to launch crypto cards in Europe with new acquisition

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Uphold, an American digital wallet and trading platform, has acquired European card issuer Optimus Cards UK Limited to launch a cryptocurrency-enabled card on the continent. According to a Feb. 2 announcement, Uphold is planning to roll out its crypto-powered debit card in Europe starting in April 2021. Uphold CEO JP Thieriot said that the launch in Europe follows a successful roll out in the United States: “From April, we plan to start rolling out the world’s first, multi-asset, crypto-enabled debit card on the Optimus platform in Europe. The card has…

Stimulus Hopes Send Bitcoin Rallying, Ethereum to Record Highs

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Cryptocurrencies rallied Wednesday, led by gains in the Bitcoin and the Ethereum markets as traders pinned hopes on additional stimulus packages in the United States. The cost to purchase one Bitcoin shot past $36,000 while Ethereum’s native token Ether notched a new record high at $1,574. Other large-cap tokens, including Polkadot’s DOT, Litecoin’s LTC, and Chainlink’s LINK, also surged in the range of 7-9 percent, adding about $19 billion to the overall crypto market valuation. Bitcoin hits a new week-to-date high of $36,888. Source: BTCUSD on TradingView.com Bitcoin hits a…

Polish crypto exchange employee in induced coma after armed attack

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Polish police have detained a suspect in an armed attack on FlyingAtom, a cryptocurrency and gold exchange in the city of Olsztyn in northeastern Poland. The incident, which occurred around 7 p.m. local time on  Jan. 22, resulted in the injuries of two employees — one of whose situation was severe enough to necessitate an induced coma. According to local media reports from Jan. 23, the masked attacker escaped with gold worth 450,000 zloty (roughly $120,000), fleeing the exchange’s office on the fourth floor of a skyscraper in the city…

Bitcoin Holders Have Now Stashed Away 15% of Circulating Supply

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Long-term investors continue to hoard bitcoin, sucking up market supply and helping the cryptocurrency maintain its broader upward trajectory. Data provided by Glassnode shows the total balance of bitcoin held in “accumulation addresses” rose to a 3.5-year high of 2,851,608 BTC on Tuesday. That amounts to 15.32% of the total circulating supply of 18,618,081 BTC. The number stood slightly below 14% three months ago. Accumulation addresses are those that have at least two incoming non-dust transfers (tiny amounts of bitcoin) and have never spent funds. The metric excludes addresses active…

Visa Signals Further Crypto Ambitions With API Pilot for Bank Customers to Buy Bitcoin

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Visa is piloting a suite of application programming interfaces (APIs) that will allow banks to offer bitcoin services, the payments giant announced Wednesday. The Visa Crypto APIs pilot program will let clients “easily connect into the infrastructure provided by Visa’s partner, Anchorage, a federally chartered digital asset bank, to allow their customers to buy and sell digital assets such as Bitcoin as an investment within their existing consumer experiences,” Visa said in a press statement. Visa envisions a product set that extends to other cryptocurrencies and stablecoins as well as…

BITCOIN [ WARNING ] LA BAISSE N'EST PAS FINIE …

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Le BTC serait peut être sorti de sa baisse , nous abordons une analyse graphique bearish et bullish ensemble ! Nous voyons en détail chaque support, résistance, et figure envisageable durant ce fameux dump ou pump BITCOIN ! _______________________________ Pour faire un don en EURO ou en BITCOIN : Pour faire un don en BTC / Bitcoin: 1Q87XPt9PMjTCeFhEgN4FaqSwTfSqm6b3C _____________________________ Mes analyses ne sont que mon point de vue du marché, il ne faut pas prendre ce que je dis comme conseil financier…

Biden rejects Bitcoin-sized COVID-19 rescue plan as money printers prime for action

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United States President Joe Biden has rejected a Republican proposal for a COVID-19 relief bill that would have seen $618 billion allocated to struggling American households and businesses. Biden and newly appointed Treasury Secretary, Janet Yellen, dismissed the sum — just under the size of Bitcoin’s entire market capitalization — as insufficient for stimulating the economy amid the ongoing pandemic, Reuters reported. Democrats voted along party lines in the U.S. Senate on Jan. 2 to push through Biden’s relief bill that would see the GOP’s proposed sum more than trebled…

ErisX Exchange Asks CFTC to Approve Sports Bet Futures as ‘Risk Hedging’ Tools

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Cryptocurrency derivatives platform ErisX is making an unusual attempt to push through futures contracts tied to the outcome of National Football League (NFL) games. According to a report from Bloomberg on Tuesday, ErisX formally asked the Commodity Futures Trading Commission (CFTC) in mid-December to give the green light to its gambling-linked futures. Approval for three types of contracts on NFL games is being sought. One is based on the winner of a game, the second is based on the point difference scored by a particular team, while a third is…

Hanwha to acquire $52M stake in crypto exchange Upbit’s parent company

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South Korean conglomerate Hanwha Group is reportedly acquiring a stake in the parent company of major local cryptocurrency exchange Upbit. Hanwha Investment and Securities, the securities brokerage arm of Hanwha Group, has reached an agreement to buy a 6.15% stake in Upbit’ operator Dumanu for 58.3 billion won ($52.24 million), The Korea Herald reported on Feb. 3. According to the report, the acquisition of 2.06 million shares is scheduled to take place on Feb. 22. A representative from Hanwha said that the deal is a long-term investment for the company to keep…

Canadian Firm Files for Bitcoin ETF on Toronto Stock Exchange

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A preliminary prospectus for a new bitcoin exchange-traded fund (ETF) has been filed with Canada’s securities regulators. Investment firm Accelerate Financial Technologies announced Wednesday it is seeking approval to list the Accelerate Bitcoin ETF on the Toronto Stock Exchange (TSX) under the ticker “ABTC.” The ETF would offer units denominated in both the U.S. dollar and Canadian dollar, with a management fee of 0.70%. “Bitcoin has been one of the best-performing asset classes on a 1-year, 3-year, 5-year, and 10-year basis, both absolute and risk-adjusted,” according to Julian Klymochko, founder and…