Shares in Square Inc. plummeted in after-hours trading after the financial services provider disclosed in its quarterly earnings report that it had purchased bitcoin at a time the cryptocurrency is …
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India’s Largest Bank Partners With JPMorgan To Create Blockchain Payment Solution
According to the Economic Times on Wednesday (Feb. 23, 2021), the SBI would integrate a blockchain solution developed by the U.S. banking giant JPMorgan in its banking operations. The bank is the …
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U.S. Department of Education promotes putting student records on blockchain
The COVID-19 pandemic has exposed flaws across various sectors. As a result, a number of government departments are evaluating blockchain-based systems as possible solutions for challenges involving multiparty workflows, record-keeping, …
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Michael Saylor estimates there will be 1 billion people investing in BTC by 2026
The CEO told CNBC’s Squawk Box segment that BTC would be the savings method of choice for about one billion people on a mobile device within five years. He added that bitcoin …
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The Russian Orthodox Church will not accept bitcoins as an offering
With roughly 100 million members, the church representing the dominant religion in Russia has no plans to accept cryptocurrency donations or offerings. According to a Q&A streamed on YouTube by Jesus …
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Hester Pierce: DeFi Needs “Freedom to Experiment”
SEC Commissioner Hester Peirce is once again using her platform as one of the country’s top securities regulators to advocate for more “freedom” for the cryptocurrency industry. And this time, she has …
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Swedish regulators warn consumers against crypto amid falling markets
Sweden’s financial regulator, Finansinspektionen, or FI, has issued a fresh warning to retail traders about the high risks and low consumer protections associated with crypto-related investments. In an announcement published on …
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Tether and Bitfinex Settle NY AG’s Probe, expecting more transparency
Major crypto exchange Bitfinex and Tether, the issuer of the most popular stablecoin, tether (USDT), said they have reached a settlement of legal proceedings with the New York Attorney General’s Office (AOG). However, both companies are banned from …
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$36,000 Just Paid for One Ethereum (ETH) Transaction
Yesterday, the Ethereum (ETH) network collapsed yet again due to the rapid increase in trading volume. Ethereum (ETH) transaction commissions were so high that it made leading crypto exchange Binance …
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North America’s First Bitcoin ETF Awaits Explosive Debut With $ 564 Million Assets
Less than a week after its debut, the Purpose Bitcoin exchange-traded fund continues to attract large inflows of investor capital, offering further reassurance that institutional interest in digital assets is …
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