Day: March 18, 2021

Student Coin Already Raised Over $8.7M in STC Sale – Press release Bitcoin News

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press release PRESS RELEASE. To bring the crypto area one step forward, a dedicated team developed one of the most intriguing utility tokens that will forever change the way you see crypto – the STC token, available on its dedicated ICO since February 1st. What is an STC token? STC is the core utility token of the Student Coin blockchain project – that makes possible the creation of personalized tokens without strong technical knowledge. Having an account on the platform allows you to create: Personal tokens – unique assets tied…

Fractionalized NFT projects gather steam

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Non-fungible tokens and crypto art have taken the industry by storm in 2021 and a number of projects aim to fractionalize pieces of NFTs to give collectors’ partial ownership rights. Projects that break apart, or fractionalize, non-fungible tokens are gaining interest following a number of groundbreaking sales that are beyond the reach of most investors. With pieces such as Beeple’s “Everydays: The First 5000 Days” fetching a record-breaking $70 million, not everyone has pockets deep enough to bid on such extravagances. The buyer, known by the handle “MetaKovan”, purchased the…

Why Bitcoin Prices are Increasing | Can we Invest on Bitcoin

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World’s Fourth Oldest Auction House Sotheby’s Joins the NFT Ecosystem With a Mysterious Artist – Bitcoin News

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Following the $69 million non-fungible token (NFT) digital art auction at the world-famous auction house Christie’s, the British-founded American multinational corporation Sotheby’s is joining the NFT hype. Sotheby’s is partnering with a popular digital artist dubbed “Pak” for the NFT sale as the brokerage house believes it is important to work with established NFT artists. Sotheby’s Partners With Digital Artist Pak to Introduce the Company’s First NFT Auction Sotheby’s is one of the world’s largest brokers of fine and decorative art, jewelry, and collectibles since 1744. It is also the…

Thailand’s central bank warns against ‘illegal’ THT stablecoin

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The Bank of Thailand has issued a stern warning against a privately issued stablecoin pegged to the national currency, the Thai Baht. According to a Bangkok Post report on March 18, the central bank has told citizens that Thai Baht Digital (THT) has no legal assurances or protection and that users could be at risk of cyber theft or money laundering Citing a sixty-year-old law, the central bank’s assistant governor of the legal group, Pruettipong Srimachand, stated that any activities involving the stablecoin are considered illegal: “The creation, issuance, usage…

Irish crypto firms will impose Anti Money Laundering ID checks from April

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Irish lawmakers will impose an anti money laundering regime on crypto for the first time in April The Central Bank of Ireland has extended the nation’s anti-money laundering, or AML, and countering the financing of terrorism, or CTF, guidelines to apply to Bitcoin and crypto assets from April. Starting next month, Ireland’s crypto asset service providers must comply with AML rules and other regulations for the first time. The new rules are a result of the inclusion of the latest European Union AML Directive into Irish law. Companies that operate…

Asia’s MicroStrategy? Meitu drops another $50M on ETH and BTC

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Chinese tech company Meitu has announced the investment of a further $50 million into Ether and Bitcoin, taking its net spend on crypto up to roughly $90 million this month. The Hong Kong and China listed company purchased 386.08 BTC for $21.6 million, and 16,000 ETH for around $28.4 million, on March 17. The most recent announcement follows an initial cryptocurrency investment on March 5, in which the company acquired 15,000 ETH for around $22.1 million and roughly 379 BTC for approximately $17.9 million. In the latest announcement, the company…

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Bitcoin Breaks Key Hurdle, Why BTC Could Surge Above $60K

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Bitcoin price gained bullish momentum above the $57,000 resistance against the US Dollar. BTC is now trading nicely above $58,000 and it is likely to continue higher. Bitcoin is up over 5% and it broke the key $58,000 resistance level. The price is now well above the $58,000 resistance and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $57,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to continue higher towards…

Texas Issues Orders to Stop ‘Binance Assets’ and 2 Other Fraudulent Crypto Investment Platforms – Regulation Bitcoin News

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The Texas securities commissioner has entered emergency cease and desist orders to stop three cryptocurrency investment platforms from duping investors in the state. One scheme operates under the name “Binance Assets.” The regulator has found that all three platforms are fraudulent. Texas Seeks to Stop 3 Crypto Platforms Operating in the State Texas Securities Commissioner Travis J. Iles entered a pair of emergency cease and desist orders Monday targeting three unregistered online cryptocurrency investment platforms. They are Delta Crypt Ltd. (also known as Binance Assets), Fxsmart Robots, and Digitaly Invest.…