Holding Bitcoin (BTC) in treasury will soon become a corporate standard. Wall Street firm MicroStrategy recently made headlines when it decided to allocate a large portion of its treasury to Bitcoin, buying over 21,000 BTC in August and almost 17,000 more in September, making its CEO, Michael Saylor, seem quite prescient already. MicroStrategy stock rallied
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Cryptocurrency investigation firm Chainalysis expects to raise $100 million venture capital at a $1 billion valuation as early as next week, the company told Forbes. The Series C is being led by VC newcomer Addition with participation expected from Accel, Benchmark and Ribbit, Forbes said. Those three firms have all invested in earlier Chainalysis rounds.
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Bitcoin’s (BTC) current rally has largely been led by investments from institutional investors and public listed companies. Data from Bitcointreasuries shows that companies hold about 4.54% of the current Bitcoin supply. A survey of 700 high-net-worth individuals chosen from across the globe shows that about 73% of respondents either own or want to own cryptocurrencies
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Singapore is ready to launch it’s own central bank digital currency, or CBDC, said Sopnendu Mohanty, chief FinTech officer at Singapore’s central bank and financial regulator, Monetary Authority of Singapore. Speaking on the subject during an exclusive interview with Cointelegraph, Mohanty pointed out that in Singapore there is not much demand for a retail CBDC,
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Four years after forking from Bitcoin, privacy-centric blockchain network Zcash has completed its first halving. At 12:37 UTC, Zcash passed block height 1,046,400 to trigger the event that cuts miners’ rewards from 6.25 ZEC to 3.125 ZEC. A miner reward reduction or “halving” event occurs when the block subsidy, generated from new coins mined, is
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[embedded content] Watch the full session from Ripple Swell Global 2020 today. More than 10 years has passed since the launch of Bitcoin, but the cryptocurrency industry remains largely the preserve of blockchain enthusiasts and fintech startups. The reason why mainstream financial institutions have yet to fully embrace the potential of digital assets is clear
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While the ongoing cryptocurrency bull run is boosting crypto adoption, some billionaire investors still find Bitcoin (BTC) to be something of a distraction.  Masayoshi Son, a billionaire technology entrepreneur and CEO of Japanese conglomerate SoftBank, claimed that he “doesn’t understand” Bitcoin amid the cryptocurrency breaking its three-year highs. Speaking at the New York Times DealBook conference,
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Ether (ETH) returned to $500 for the first time in more than two years on Nov. 20 as altcoins slowly staged a comeback from poor performance. Cryptocurrency market overview from Coin360. Ether price sees $500 after more than 2 years Data from Cointelegraph Markets, Coin360 and TradingView showed ETH/USD briefly hitting the psychologically significant barrier
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Lightning Labs’ new liquidity marketplace, Lightning Pool, has seen more early-stage growth than its creators expected. And what’s more, a fair share of its volume is coming from individual Lightning users – not businesses. “It’s a big surprise! Very exciting,” Lightning Labs Business Development head Ryan Gentry told CoinDesk. “The primary users thus far have
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