Day: February 9, 2021

Major Thai bank’s venture arm sets up $50M fund to invest in blockchain, DeFi

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Siam Commercial Bank — Thailand’s oldest bank, established by royal charter back in 1907 — is cementing its reputation as a strong backer of innovative financial technologies. The institution’s venture arm, SCB 10X, has today announced a new $50 million fund that will be dedicated to investments in global blockchain, decentralized finance and digital asset startups in their early and growth stages. The fund is just the latest of Siam Commercial Bank’s forays into the blockchain and fintech space. The institution has previously partnered with Ripple on a blockchain-powered mobile…

Apple Should Launch Crypto Exchange, RBC Capital Markets Analyst Suggests

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Stating that competition among crypto exchanges “is light,” the analysts suggested that Apple may be the solution to challenges in the crypto space. An analyst at the brokerage firm RBC Capital Markets Mitch Steves suggested that Apple Inc (NASDAQ: AAPL) should launch its crypto exchange. Steves noted his suggestion in a report published on the 8th of February by the largest bank in Canada. Since Tesla Inc (NASDAQ: TSLA) announced $1.5 billion worth of Bitcoin acquisition, it has raised several comments in the crypto community. The automaker revealed the BTC…

Bitcoin Valuations Surge Past Tesla after Its BTC Purchase

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Tesla’s Bitcoin purchase has provided Bitcoin the much-needed catalyst to break past all resistance and hit a new all-time high at $47,500. With over a 22% rally in the last 24-hours, BTC overtakes Tesla’s valuations. On Monday, February 9, the world’s largest automobile company Tesla Inc (NASDAQ: TSLA) announced a $1.5B Bitcoin (BTC) purchase. This provided the much-needed rocket fuel for Bitcoin to break past its previous resistances. In the last 24-hours, Bitcoin (BTC) is up over 22% hitting its new all-time high above $47,500. Tesla’s Bitcoin purchase has created…

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KeepChange Foils Bitcoin Theft but Loses User Data in Sunday Breach

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Bitcoin marketplace KeepChange says it has managed to limit the ramifications of a security breach on Sunday. According to a blog post on Monday, the exchange said several bitcoin withdrawal requests had been initiated from customer accounts to an address belonging to the attackers. However, one of the platform’s control subsystems halted the requests, resulting in no bitcoin being lost, the exchange said. The attackers did, though, manage to steal some customer data including email addresses, names, trade counts, total traded amount and hashed passwords. “Even though passwords were hashed…

XRP risks losing top-5 crypto status as Polkadot, Cardano market caps hit $21B

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XRP briefly lost its top-three altcoin position on Feb. 9 after newcomer Polkadot (DOT) overtook its market cap in an ongoing altcoin shake-up. Data from Cointelegraph Markets and CoinMarketCap confirms that XRP is now barely holding on to the fifth-largest cryptocurrency spot and could soon leave the top five altogether. Ripple gets flippled… a second time The new order among large cap altcoins comes as a new “altseason” hits the market, with investors’ chosen targets differing considerably from the last in early 2018. Among the victims is Bitcoin Cash (BCH), which…

Hundreds of residents in the Garden Route hit by an alleged cryptocurrency investment scam

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Hundreds of residents in the Garden Route towns of Knysna and Mossel Bay in the Western Cape have been duped out of their life savings and pensions in an alleged cryptocurrency investment scam. The victims could have lost as much as R5 million. Criminal cases have been opened against the alleged fraudsters, who have since fled the area. A private investigating company found that they operated in the Eastern Cape before making their way to the Garden Route. For more news, visit…

Average Crypto Trading Fees 2020 – Cryptowisser Finds Industry Leaders Still Have Higher Fees – Press release Bitcoin News

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PRESS RELEASE. Cryptowisser, who operates the world’s largest crypto exchange list, has published the second installment of its quarterly empirical report on trading fees among cryptocurrency exchanges. The 2020 Q4 report analyzes 350 different exchanges and is the biggest of its kind, giving an insight into trading fees development. According to Cryptowisser’s previous installment from Q3 2020, fees were set to generally decrease on trend with the impressive 17% decrease over the last 3 years. However, with the recent surge in Cryptocurrency, it seems some exchanges have had enough demand…

Ripple (XRP) Signaling Fresh Rally To $0.55, Dips Supported

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Ripple is up over 10% and it broke the $0.4500 resistance against the US Dollar. XRP price is showing positive signs and it is likely to continue higher towards $0.5000 and $0.5500. Ripple is slowly moving higher towards the $0.5000 resistance zone against the US dollar. The price is trading nicely above the $0.4500 pivot level and the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $0.4350 on the 4-hours chart of the XRP/USD pair (data source from Kraken). The pair…

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