Day: March 9, 2021

Norwegian Oil Billionaire Says BTC Could Be Worth Millions of Dollars Each — Puts Liquid Company Assets in Bitcoin – Bitcoin News

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Billionaire Kjell Inge Rokke’s company, Aker, has established a new business dedicated to bitcoin. Rokke believes that bitcoin could “become the core of a new monetary architecture” and each coin could be “worth millions of dollars.” His new company “will keep all its liquid investable assets in bitcoin.” Norwegian Public Company Gets Into Bitcoin Norwegian oil billionaire Kjell Inge Rokke has spoken in favor of bitcoin. His company, Aker ASA, which controls oil and oil service companies, announced Monday that it has established a new business, Seetee AS, to tap…

The Bitcoin Network Has Settled Roughly $10B a Day in 2021

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Quick summary: The Bitcoin network has settled roughly $10 Billion a day since the beginning of 2021 The BTC transactions are between actual users of the Bitcoin network including institutional investors 15,700 Bitcoin left Coinbase yesterday, March 8th Institutions are not selling any of the Bitcoin purchased in the last few months The Bitcoin network has been settling an estimated $10 Billion per day. This is according to data from the team at Glassnode that also explained that the daily transactions are of actual BTC changing hands. They explained their…

Bybit appoints new general counsel to lead global cryptocurrency compliance

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Cryptocurrency derivatives exchange Bybit has appointed a new general counsel to lead the firm in its global compliance matters, and to oversee its legal team. Daniel Lim, formerly head of legal and compliance for the Singapore-based investment bank, Daiwa Capital Markets, was announced in the new role on March 9. Lim joins Bybit shortly after the exchange was forced to close down operations in the United Kingdom, following the FCA’s blanket ban on retail crypto derivatives trading. Co-founder and CEO of Bybit, Ben Zhou, said Lim was appointed to bolster…

Ripple XRP – $300 Coinbase Stock – BTC to $60k – who are the BIG WINNERS & LOSERS?

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Ripple XRP – $300 Coinbase Stock – BTC to $60k – Who are the BIG WINNERS & LOSERS? SUPPORT ON THE CHAIN BUY US A COFFEE ————– SUBSCRIBE TO THE OTC PODCAST: ————– SUPPORT ON THE CHAIN BUY US A COFFEE FOLLOW ON THE CHAIN: Subscribe to our other Youtube Channel: On The Web: Follow OTC on Twitter: Join our FREE Telegram Roundtable channel: t.me/onthechain_roundtable ————– JEFF Follow Jeff on Twitter: ————– CHIP Follow Chip on Twitter: Follow Chip’s Coil Blog: ————–…

Bitmain accused of illegally poaching engineers by officials in Taiwan

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Prosecutors in Taiwan have accused Bitmain Technologies of illegally poaching more than 100 Taiwanese engineers. According to a report by Nikkei Asia, a probe has already been launched in New Taipei and Hsinchu — Taiwan’s semiconductor manufacturing hub — to investigate the activities of the Chinese crypto mining chipmaker. The New Taipei Prosecutors Office says as part of the illegal poaching enterprise, the Bitcoin (BTC) mining chip maker allegedly set up shell companies that were used for the illicit recruitment, adding: “We discovered that Bitmain has been poaching Taiwanese research…

How blockchain can become a force of nature

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On Jan. 3, 2009, Satoshi Nakamoto mined the Bitcoin genesis block and launched the largest technological gold rush of the century. Bitcoin (BTC) was at once a software, a “protocol,” a network, a development team and a new thing called cryptocurrency. Simultaneously, cloud technology proved that abstractions and application programming interfaces could facilitate explosive scalability and product agility, removing all of the distractions that were prevalent in 90% of any application’s technology stack.  Despite the onset of dozens of competitors that have appeared since Bitcoin’s inception, almost all have been…

Huobi and Seychelles regulators can’t agree on where the exchange is registered

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Disclaimer: This article’s headline was updated to reflect new information regarding the FSA’s statement.  Despite long claiming to be compliant with local laws, Huobi has not registered with the proper authorities, according to regulators in Seychelles. On Monday, the Seychelles Financial Services Authority, or FSA, posted an official statement saying that Huobi Global Limited is not registered in the country, despite being the International Business Company publicly affiliated with Huobi.com’s crypto services. The FSA stated that Huobi Global Limited does not hold any license issued by the regulator to undertake…

Top 5 coins ready to EXPLODE in 2021

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io If you want to find out more about the tools we have for cryptocurrency investors in our Masters area, see video here: If you wait until 2021 to invest, it will be too late. That is why we are identifying the top altcoins to buy RIGHT NOW. These are the best coins to invest in for 2021 if you are looking for MASSIVE potential. I’ll go over why I believe in each of these altcoins and why they are unique. Stay tuned…

Soros Fund, New York Life, Morgan Stanley Among Investors of $200 Million in Bitcoin Investment Firm – Finance Bitcoin News

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Soros Fund Management, New York Life, and Morgan Stanley have joined Stone Ridge Holdings, Massmutual, FS Investments, and Bessemer Venture Partners to invest in bitcoin-focused investment company NYDIG. They will collaborate on a range of bitcoin-related strategic initiatives, and expect to launch “an explosion of innovation in bitcoin products and services.” Major Companies Want Bitcoin Exposure Major corporations and investment heavyweights have invested in the New York Digital Investment Group (NYDIG), a provider of technology and investment solutions for bitcoin, the group announced Monday. According to the announcement: A $200…

Ethereum Near $2,000 Again on Supportive Technicals, Bitcoin Correlation

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Ethereum prices rallied on Tuesday as a recent sell-off in the cryptocurrency market prompted traders to buy the dip. The world’s second-largest cryptocurrency climbed to its two-week high of $1,859.62 on Coinbase, a US-based crypto exchange, during the early Asian session. It started correcting lower on short-term selling sentiment but maintained its weekly upside bias on supportive in-house and macroeconomic factors. Ethereum’s upside move mostly appeared in line with a similar price jump in the Bitcoin market. The correlation efficiency between the two assets is nearly 0.88, reflecting that Ethereum…