Tag: News

Brazilian Exchange Bitpreco to Expand to Banking Services; Bets on Cashback to Counter Crypto Fears – Exchanges Bitcoin News

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Bitpreco, a Brazilian cryptocurrency exchange, has decided to extend its functionality to offer banking services through a new platform called Bitybank. The company, which will also open payment and digital account services, plans to attract users to crypto through cashback programs that counter the fears of users purchasing cryptocurrencies in today’s uncertain market. Bitpreco to Launch Banking Services Through Bitybank While several traditional banking institutions are now offering or considering offering cryptocurrency-related services in Brazil, crypto-centric applications are also seeking to include traditional financial instruments in their services portfolio. Bitpreco,…

FTX Collapse Highlights Urgent Need for Tighter Crypto Regulation – Regulation Bitcoin News

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Bank of England’s deputy governor for financial stability, Sir Jon Cunliffe, says the collapse of cryptocurrency exchange FTX has highlighted the urgent need for tighter crypto regulation. “We should not wait until it is large and connected to develop the regulatory frameworks necessary to prevent a crypto shock that could have a much greater destabilizing impact,” said the deputy governor. Bank of England’s Cunliffe on FTX Collapse and the Need for Crypto Regulation Sir Jon Cunliffe, Bank of England’s deputy governor for financial stability, shared his view on the collapse…

JPMorgan Chase Granted Wallet Trademark Covering Various Virtual Currency and Crypto Payment Services – Featured Bitcoin News

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The United States Patent and Trademark Office (USPTO) has granted JPMorgan Chase Bank’s trademark registration for “J.P. Morgan Wallet” for use in a wide range of financial services, including virtual currency transfers and exchanges, as well as crypto payment services. JPMorgan Chase’s Wallet Trademark JPMorgan Chase Bank has successfully registered a wallet trademark with the United States Patent and Trademark Office (USPTO). Mike Kondoudis, a USPTO-licensed trademark attorney, tweeted Monday that “J.P. Morgan Wallet” is now a registered trademark. JPMorgan Chase Bank N.A. is listed as the trademark owner. The…

Crypto Market Update: What Is Going On With CELSIUS? 🤯

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 🛒 Get The Hottest Crypto Deals 👉 📲 Insider Info in Guy’s Socials 👉 👕 Guy’s Merch Store 👉 🔥 TOP Crypto TIPS In Guy’s Newsletter 👉 ~~ What happened to Celsius? Check out this video to find out. Celsius Blog Post: ~~ 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not…

US Senators Urge Fidelity to Stop Offering Bitcoin in 401(k) Plans Citing FTX Collapse, ‘Serious Problems’ in Crypto Industry – Featured Bitcoin News

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Several U.S. senators have called on Fidelity Investments to reconsider allowing bitcoin in 401(k) retirement plans. “The recent implosion of FTX, a cryptocurrency exchange, has made it abundantly clear the digital asset industry has serious problems,” the lawmakers told Fidelity CEO Abigail Johnson. US Senators Want Fidelity to Stop Offering Bitcoin in Retirement Plans Three U.S. senators sent a letter to Fidelity Investments CEO Abigail Johnson Monday regarding the financial services firm’s bitcoin offerings in 401(k) retirement plans. The letter was signed by senators Elizabeth Warren (D-MA), Richard J. Durbin…

NFT Sale Starts Mid December! NFT Sale Details of Entertainment DAO Project ‘SUPER SAPIENSS’ by Director Yukihiko Tsutsumi, Katsuyuki Motohiro and Yuichi Sato Revealed – Press release Bitcoin News

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press release PRESS RELEASE Financie Inc. pleased to announce that the “SUPER SAPIENSS NFT” sales conducted by “SUPER SAPIENSS”, an entertainment DAO project active on FiNANCiE. About SUPER SAPIENSS “SUPER SAPIENSS” is an unprecedented entertainment project that brings together three directors (Yukihiko Tsutsumi, Katsuyuki Motohiro, and Yuichi Sato) who have led the Japanese entertainment and film industry, and producer Takeshi Moriya as board members to create the original story and visualize it. The project is taking on the challenge of an entertainment DAO utilizing FiNANCiE’s “token issuance” and token-based “co-creation…

Coinbase CEO Says Company Holds 2 Million Bitcoin, Reminds People Firm’s ‘Financials Are Public’ – Bitcoin News

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According to Coinbase CEO Brian Armstrong, as of Sept. 30, 2022, the company holds 2 million bitcoin worth $39.9 billion. The news Armstrong shared comes at a time when the general public is looking directly at exchange balances following FTX’s turbulent collapse. Coinbase Co-Founder Shares Company’s Q3 Shareholder Letter — Says as of Sept. 30, Firm Holds 2 Million Bitcoin Two days ago, Bitcoin.com News reported on Binance’s exchange reserves and at the time the trading platform had close to 600,000 bitcoin, according to cryptoquant.com metrics. As of Nov. 20,…

China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’ – Economics Bitcoin News

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During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 2022. The study highlighted that it was the “most on record,” and the WGC researchers also spotted a “substantial estimate for unreported buying.” A report published on Nov. 22 now says the mystery gold buyer is likely China, and it further alleged that the country “bought a substantial amount of gold from Russia.” The Third Quarter’s Mystery…

Onchain Research Shows FTX’s Falling BTC, ETH, Stablecoin Balances ‘Suggest Cracks Had Formed as Far Back as June’ – Bitcoin News

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While the analytics firm Nansen published a report that points to the Terra collapse igniting the flames of FTX’s and Alameda Research’s financial problems, onchain data from the intelligence and research firm Glassnode suggests FTX’s “cracks had formed as far back as May-June.” Glassnode’s report highlights a “growing pool of [onchain] data” that shows FTX’s crypto reserves dropped significantly following Terra’s fallout. Glassnode Report Highlights How FTX’s Bitcoin, Ethereum, and Stablecoin Balances Dropped Significantly Following the Terra Ecosystem Implosion There’s been a lot of eyes focused on the “FTX Accounts…

Huobi Global Rebrands as Huobi, Introduces New Strategy – Sponsored Bitcoin News

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sponsored Huobi will endeavour to bring value to its business and provide secure and professional services to its users as it rebrands. Various technologies and resources will also be integrated into Huobi’s global public chain ecosystem, including the technology and resources offered by the HECO and TRON public chains, as well as the bridge between their chains, the BTTC. Huobi: New Brand, New Strategies Huobi Global has been rebranded to Huobi. The updated name of the company is composed of the Chinese characters “火” and “必”. Originally from Chinese culture,…