Tag: Bitcoin

Malaysian police go viral as they crush Bitcoin mining rigs
July 19, 2021 BY Alan Sayer

Malaysian police go viral as they crush Bitcoin mining rigs

Mining for Bitcoin is not illegal in Malaysia, which is partly why Malaysia is one of the most popular countries for Bitcoin miners. It currently comes into the top 10 mining locations, accounting for over 3% of the total Bitcoin mining in the world. However, bitcoin mining does attract criminals, with most opting to steal…

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MrGuru bitcoin
June 22, 2021 BY PureContent

Analysts Summarize Online Crypto Trading Activity for Q1 of 2021

Creative thinking in times of uncertainty In fact, only those trading brands who were able to offer their clients something extra, can now report a successful Q1. On that matter, MrGuru’s spokesperson commented that “the company has found ways to stay ahead of the game, by not trying what all the other trading brands are…

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Crypto
June 07, 2021 BY Steffy Bogdanova

CoinShares lists three physically-backed crypto ETPs on Börse Xetra

The latest CoinShares Weekly Digital Asset Fund Flows Report from 1 June which tracks inflows and outflows across different crypto investment vehicles, found that the price volatility in crypto markets has been a catalyst for investment. A total of $74 million of net inflows were recorded, primarily led by Ethereum and altcoin products. Chief Executive…

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Bank of Japan Governor Kuroda casts doubt on Bitcoin
May 31, 2021 BY Steffy Bogdanova

Bank of Japan Governor Kuroda casts doubt on Bitcoin

Kuroda went on to differentiate Bitcoin from stable coins which are known to have their value backed up by assets. Stable coins are also obliged to meet regulatory governance codes and legal standards, meaning that the Governor is under the impression that they could well become a suitable trading alternative in the near future. Volatility…

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Forex Weekly Look Back
May 28, 2021 BY Steffy Bogdanova

Forex Weekly Look Back: HSBC winds down US retail banking business, Playtech to sell Finalto for $210 million

The governor of the Bank of Korea suggested that cryptocurrency trades from South Korean citizens are a potential threat to the country’s financial system. Increased trading of virtual assets – known for their volatile pricing – is threatening to leave the nation’s financial system at risk of instability, according to the Governor of the Bank…

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May 28, 2021 BY Steffy Bogdanova

Iconic Funds to list Bitcoin ETP on SIX

The new Iconic Funds Physical Bitcoin ETP, available in two trading currencies, will offer investors a selection of 32 Bitcoin ETPs and structured products at SIX to choose from. The number of ETP issuers now rises to nine, following the recent addition of ETC Group as well as CoinShares and SEBA Bank in the first…

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PayPal set to allow customers to withdraw cryptocurrency
May 27, 2021 BY Steffy Bogdanova

PayPal set to allow customers to withdraw cryptocurrency

During the conference, da Ponte was also probed on the subject of central bank digital currencies (CBDCs), following news that the PayPal vice president had met up with central bankers across the globe. Though da Ponte accepted the logic of central banks issuing their own tokens, he refused the common opinion that just one of…

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Bitcoin
May 27, 2021 BY Steffy Bogdanova

Iran President clamps down on bitcoin mining amidst power cuts

The cryptocurrency mining industry has become prominent in Iran partially due to the presence of highly subsidised electricity within an extremely power-reliant trade. With such subsidies in place, imports can then theoretically be paid for using bitcoin. However, the US has implemented sanctions that bar all banking transactions between themselves and Iran, and with blockchain…

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HSBC
May 24, 2021 BY Steffy Bogdanova

HSBC not planning to launch bitcoin trading

The HSBC is going on a different path than rivals such as Goldman Sachs whose digital investing branch, Saxo Markets, recently announced the launch of a new crypto trading service - Crypto FX. Bitcoin’s price has been on a rollercoaster during the last few days with a 50% fall, trading $36,387 on Monday, just 40…

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