ARK Invest sells $31M in shares of Jack Dorsey’s Block
Jack Dorsey’s Bitcoin-friendly financial services firm Block saw its stock rally 13% in October, in line with bullish market action.
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Brazil: R3 Develops Blockchain Platform With Major Banks and Stock Exchange
Blockchain software consortium R3 revealed that it is developing a blockchain platform in Brazil with banks Bradesco, Itau and B3, Cointelegraph Brazil reported on June 12.The R3 Consortium — which is composed of large banks and technology companies — announced during the CIAB Febraban event in São Paulo that it is currently collaborating with Brazilian…
Irish crypto firms will impose Anti Money Laundering ID checks from April
Irish companies operating with crypto, and the firms servicing them, will have to adhere to AML and CFT for the first time starting next month. 1554 Total views 26 Total shares Irish lawmakers will impose an anti money laundering regime on crypto for the first time in AprilThe Central Bank of Ireland has extended the…
Crypto Mining Becomes Less Profitable, Shifts Towards ‘Bigger Players,’ Report Shows
Bitcoin (BTC) miner revenues for the first six months of 2018 have already surpassed results in 2017, but the miners themselves see little profit, weekly crypto outlet Diar reports Monday, October 8.As per the Diar report, the rewards and fees for BTC miners have already reached $4.7 billion in the first three quarters of 2018,…
Ivy League Universities Set to Boost the Crypto Industry With an Injection of Institutional Investment
Despite the crypto volatility, the widely publicized regulatory concerns and a lack of liquidity in the cryptocurrency market, reports show that university endowments worldwide are dipping their toes into cryptocurrencies.Recently, a survey conducted by a trade publication in partnership with two other startups showed that up to 94% of the 150 endowments surveyed had an…
Binance CEO refutes report on $250M loan to BAM Management
Chanpeng Zhao, the CEO of Binance, said that the loan was the other way around, claiming that he was the one who lent $250 million to BAM Management. 68 Total views 2 Total shares Binance CEO Changpeng Zhao has disputed a recent report that claimed the executive took a $250 million loan from BAM Management
Bitcoin Price: 2 Key Indicators Suggest Accumulation Underway Below $10K
Bitcoin (BTC) finished a volatile week at $8,282 which is a 5% increase for the week but still 6% away from the highs of over $8,800. This morning, Bitcoin took another knock at opening, trading slightly lower alongside the rest of the cryptocurrency market and traditional markets.XRP has thus far bucked the trend and is up…
Tokenized RWAs are ’a $30 trillion opportunity’ — Polygon exec
High-net-worth individuals and private equity funds will drive adoption, said Colin Butler.
Bitcoin miners can prove green potential by undergoing ESG ratings check
Environmental concerns regarding the energy-intensive, proof-of-work (PoW) mechanism that Bitcoin (BTC) uses to produce new coins and verify transactions have been front and center lately. Debates regarding Bitcoin’s energy use particularly surged following a tweet sent out by Tesla CEO Elon Musk in May saying that his company would no longer accept Bitcoin payments due to…