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Cryptocurrency Solana Crosses $20 Billion Market Cap

Solana (SOL), the world’s 10th largest cryptocurrency, saw a sharp increase in its price during the last seven days as SOL touched an all-time high of approximately $80 on 18 August. According to the latest data posted by Coinmarketcap, Solana entered the list of the world’s top 10 cryptocurrency assets after a jump of more […]

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Coinbase Launches Services in Japan with MUFG Partnership

Coinbase, the largest US-based cryptocurrency exchange, announced on Thursday the launch of its services in Japan. In the initial stages, the platform will offer trading services with the top five cryptos, but has plans to add more assets and products ‘in the coming months’. “Today’s launch is just the beginning,” Coinbase noted in the official […]

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Hedera governing board joins top-five UK universities

Hedera Hashgraph officially announced that the London School of Economics and Political Science has been named their latest governing member in a collective effort to promote social change. The London School of Economics and Political Science have joined Hedera Hashgraph’s panoply of 39 global members. This confirms their place as the second academic institution in […]

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Secure Your Spot at Finance Magnates London Summit 2021

Taking place between November 16-17, 2021 at the Old Billingsgate, London; the Finance Magnates London Summit is one of the hottest events of the year for players in the finance space. The London Summit is the trading industry’s leading conference. Since its inception in 2012, it has earned a reputation as the leading gathering for […]

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Nvidia fails sell as many crypto-mining GPUs in Q2 as it expected

The company expects to make a small contribution from its cryptocurrency mining processors sales in the future. Nvidia exceeded all expectations, generating more than $6.5 billion in revenue. However, the chip manufacturer failed to meet the target for its crypto mining GPU line. The Nvidia financial results were announced by the California-based tech company for […]

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The central bank of Thailand has set out safeguards for future retail CBDCs

A new study by the Bank of Thailand reveals three key points to ensure that a digital currency issued by a retail central bank does not adversely affect financial stability. The Bank of Thailand published the results of a study on how to manage the implications of issuing a digital currency (CDBC), a retail CBDC. […]

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Sub-zero interest? GBTC hits biggest discount since May Bitcoin price crash

Analyst Willy Woo believes that GBTC will take time to recover its balance due to changes in market forces. Grayscale Bitcoin Trust (GBTC), a Bitcoin (BTC), investment vehicle, is trading at the largest discount since the May BTC crash. Data on Aug. 19 shows that GBTC shares are trading at nearly $44,000 below spot price. […]

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JPMorgan Chase shuts down the bank accounts of a Bitcoin mining company

Compass Mining, a Delaware-based company, offers Bitcoin mining to U.S. citizens via its private infrastructure. American bank JPMorgan Chase has apparently blocked all Compass Mining accounts. Compass Mining is a Bitcoin (BTC), mining company based in Delaware. Whit Gibbs, Compass Mining CEO, announced the following: “Shoutout to Chase to shut down Compass Mining accounts to […]

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Robinhood Q2 Revenue Jumps 131% with $233M from Crypto Trading

Robinhood (NASDAQ: HOOD) reported total net revenue of $565 million for the second quarter of 2021, a major chunk of which came from cryptocurrency trading. Filed on Wednesday, it was its first earnings report as a public company. The overall revenue of the company jumped by 131 percent between April and June from the figures […]

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Bitcoin slides with S&P500 as Fed signals tapering $120B monthly bonds purchases

As investors increased their exposure to the U.S. dollar, the benchmark cryptocurrency suffered along with risk-on markets. Bitcoin (BTC), prices briefly fell below $44,000 after the U.S. Federal Reserve policy Minutes revealed that it intends to limit its bond-purchasing program for this year. The spot BTC/USD exchange rate fell 1.71% to $43,955 for the week. […]

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