Bitcoin prices firm, US Fed may continue to raise interest rates

Bitcoin (BTC) prices are firm when writing on April 27, trading above $29,000 as the coin broke out from a recent consolidation.

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Bitcoin prices firm, US Fed will may continue to raise interest rates

Bitcoin (BTC) prices are firm when writing on April 27, trading above $29,000 as the coin broke out from a recent consolidation.

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Mogo Adds 146 ETH to Firm’s Balance Sheet, Plans to Turn 5% of Its Portfolio Into Crypto Assets

On Tuesday, the Nasdaq-listed Canadian company Mogo revealed the firm has purchased 146 ether at an average price of $2,780. The move follows the firm’s corporate investment in bitcoin, as well as offering bitcoin rewards for the company’s mortgage and card clients.

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Marathon Buys Dip, Adding $150 Million in Bitcoin

Marathon, which is listed on the NASDAQ stock exchange, purchased almost 5,000 bitcoin for $150 million. Financial services firm NYDIG facilitated the transaction. The firm said that the purchase had a “quick turnaround.

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Coinbase Saved Micostrategy $4.25M Executing Firm’s Bitcoin Trades

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Major Australian Investment Firm Moves From Gold to Bitcoin

A billion-dollar Australian investment management firm has gotten into bitcoin, citing that the cryptocurrency is superior to gold. Many of the firm’s clients have been asking about investing in bitcoin.

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Publicly Listed Energy Firm Equinor Exploits Gas Flaring in North Dakota to Mine Bitcoin

Just recently, the firm Arcane Research recently revealed a number of screenshots from the publicly traded energy firm, Equinor. The pictures show the multinational company leveraging natural gas flaring to power bitcoin mining operations.

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Mining Firm Hut 8 Reports 28% Drop in Q2 Revenue Following Bitcoin Halving

Bitcoin mining firm Hut 8 reported a sharp drop in revenue. However, the rising value of the firm's BTC holdings helped it finish the quarter in the black.

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McAfee’s New Bitcoin Price Prediction Points BTC At $2 Million By End Of 2020

McAfee: Bitcoin To Hit $2 Million By 2020 John McAfee, the cybersecurity guru turned-digital currency defender, is known for his predictions for Bitcoin (BTC), and this time, his predictions have stated the fact, a unit of BTC will be hit $1,000,000 by 2020.

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Former NBA player nets $825K from Ghanaian firm in alleged Bitcoin scam

A former American professional basketball player has allegedly swindled over $800,000 worth of Bitcoin from a company based in Ghana. Isaac Edward Austin, who retired in 2004, reportedly posed as a trustee for his own Bitcoin trading company and managed to get the Ghanaian firm to hand over $11,000 per BTC, GhanaWeb reports.

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Bitmain Launches 50MW Bitcoin Mining Farm in Rockdale, Texas

Bitcoin mining behemoth and ASIC chip manufacturer, Bitmain, has announced the launch of its 50-megawatt capacity mining farm in Rockdale, Texas. The firm says the project is part of its global expansion plans, according to a blog post on October 21, 2019.

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Ex-NBA Star Allegedly Dupes African Firm in $800,000 Bitcoin Scam

Ex-NBA star Isaac Austin has been accused of swindling a Ghanaian firm nearly one million dollars in a Bitcoin Scam. According to GhanaWeb, the former NBA player lured victims into investing their Bitcoin in an automated cryptocurrency trading program run by his firm, Isaac Edward Austin and Tudor Trust.

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Bitcoin.com acquires O3 Labs, a Japanese blockchain development startup

According to multiple reports, Bitcoin. com, a cryptocurrency firm backed by Bitcoin Cash proponent, Roger Ver, acquired O3 Labs, a blockchain development startup. O3 Labs, which is based out of Tokyo, Japan, offers a virtual asset wallet along with the developer’s assistance via a digital application programming interface.

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PayPal co-founder invests in renewable energy-focused bitcoin mining facility

PayPal co-founder Peter Thiel recently made an investment into renewable energy centered Bitcoin mining facility called Layer 1 based in San Fransico. The firm revealed that it has raised $50 million from Series A funding rounds which attracted investment from Peter Thiel, Shasta Ventures, venture capital company Digital Currency Group and many other undisclosed investors.

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Circle Drops Poloniex Leaving US Crypto Traders High and Dry

According to a blog post published by Circle, the cryptocurrency firm is releasing its subsidiary exchange Poloniex which is now owned by an “Asian investment group. ” The trading platform will become an independent company called Polo Digital Assets, Ltd.

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Bitcoin Ponzi Scheme Take Down Prompts CFTC Warning

The CFTC has reissued previous advice to help the public evaluate the legitimacy of Bitcoin and cryptocurrency investment opportunities. The warning comes in the wake of a takedown of a company suspected of defrauding $11 million from investors.

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Bitcoin Startup Takes to the Swiss Streets With Tram-Side BTC Marketing Effort

Footage posted by a Swiss crypto startup earlier today shows a tram emblazoned with the word “Bitcoin” and the firm’s branding travelling through the Zurich streets. The company behind the marketing campaign offers a range of crypto financial services including custody, trading, and lending.

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CME Bitcoin Futures Sees Institutional Interest and Demand from Asia

Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest. Moreover, despite the lackluster start, the Intercontinental Exchange’s (ICE) Bakkt platform has seen an increase in interest with the company’s physically-settled bitcoin futures product.

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Fake Russian Tor browser purloins $40,000 in Bitcoin from dark web shoppers

Researchers from cybersecurity firm ESET have uncovered a malicious version of the Tor browser – the program used to access the dark web – and it’s been stealing user‘s Bitcoin. According to ESET, the bad actors were able to steal more than $40,000 worth of Bitcoin.

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Bitcoin Actually Accepted? Luxury Car Firm Explores Blockchain and Crypto Payments

Karma Automotive, a luxury car manufacturer based in California, has just announced its intentions to explore blockchain technology with its shareholders. The means by which the firm intends to this is by accepting Bitcoin.

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Bitcoin Ponzi Busted: Nevada Firm Charged With $11 Million Crypto Fraud

Circle Society, Corp. , and its owner, David Gilbert Saffron, have been charged with fraud relating to an Bitcoin and crypto asset investment scheme. The Nevada-based firm is suspected of operating an $11 million binary options scheme.

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Tesla Rival Speeds Ahead with Bitcoin (BTC) Payment Option

Luxury electric car maker, Karma Automotive, now has a Bitcoin (BTC) payment option for its models. The firm is now ahead of Tesla, which has so far only toyed with the idea proposed by the crypto community.

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Chainalysis Helped US Department of Justice Shut Down Child Porn Site

On Wednesday, the US Department of Justice announced that it had shut down the largest child pornography website by content volume. It also arrested its owner and 337 site users across 38 countries.

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Ford Extends Blockchain-Based Energy-Efficiency Pilot Project to Cologne, Germany

U. S. -based automobiles firm Ford announced that it would use distributed ledger technology (DLT) and geofencing to keep track of “green miles” driven by its newly-launched energy-efficient vehicles, October 15, 2019, Tracking “Green Miles” Via Blockchain In a press release issued on October 15, Ford stated that it is expanding its European plug-in hybrid electric vehicleRead MoreRead More.

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80% of Crypto Trade Volume Tracked by Blockchain Surveillance

Ever since governments worldwide started showing adversity toward cryptocurrencies like bitcoin, a few startups have dedicated their business model to blockchain surveillance. Two weeks ago, Chainalysis revealed the company is monitoring 21 different tokens that stem from Ethereum.

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Wilshire Phoenix Amends Bitcoin ETF Proposal

Investment management firm, Wilshire Phoenix, has refiled their Bitcoin ETF proposal with the SEC to include a few new clauses and arguments in favor of the product. The new filing completely supersedes the previous one, which could warrant the SEC delaying their decision to closely study the amendment, October 16, 2019.

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Grayscale Shows Strongest Demand For Crypto Products Since Inception

Bitcoin and crypto markets may be down from their highs this year and still looking bearish, but longer term crypto investment products are still going strong as Grayscale can testify. The cryptocurrency investment firm has just posted its Q3 report and all is looking rosy.

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Wilshire Phoenix amends Bitcoin ETF proposal before the SEC

Investment management firm Wilshire Phoenix and the NYSE Arca exchange have filed an amendment to their Bitcoin ETF proposal, re-seeking approval from the SEC for the same. As per the amended proposal, Coinbase Custody will not only be tasked with maintaining ‘custody of the Trust’s Bitcoin assets in cold storage,’ but will also be confirming […] The post Wilshire Phoenix amends Bitcoin ETF proposal before the SEC appeared first on AMBCrypto.

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Grayscale Investments First to list Crypto-Backed Digital Large Cap Fund

Grayscale Investments, a cryptoasset management firm with more than $2 billion in assets under management, has successfully secured approval from the Financial Industry Regulatory Authority (FINRA) for the public listing of its Digital Large Cap Fund (DLC) on over-the-counter (OTC) markets with ticker symbol: GDLCF, according to a press release on October 14, 2019.

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Bitcoin ETF Still a Long Way Away, Claim Analysts

Following the news that the US SEC has denied yet another Bitcoin ETF last week, analysts have weighed in on the likelihood of such a product being launched for the crypto asset in the near future.

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CoinShares, MKS, And Blockchain Roll Out DGLD Gold Token As A Bitcoin Sidechain

CoinShares, a major European digital asset investment firm is leading a group of companies in introducing a gold-backed token known as DGLD in the Bitcoin blockchain network, Cointelegraph reports. CoinShares has teamed up with Blockchain, a key crypto wallet services provider and MKS (Switzerland) SA which is part of MKS Pamp Group to launch the […]

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CoinShares, Blockchain Wallet, and MKS Introduce Gold-Backed Token 

CoinShares, a leading digital assets management firm, has joined forces with Blockchain wallet and MKS, a Geneva-based precious metals trading firm, to develop DGLD, a gold-backed token powered by the Bitcoin distributed ledger technology (DLT) network.

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FXCM Group Unveils Fresh Cryptocurrency Trading Product

FXCM Group, a leading forex trading and contract for differences (CFD) broker with presence in London, Australia, and Johannesburg, has announced the launch of its crypto trading product dubbed CryptoMajor.

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Diversified Crypto Fund Receives FINRA Regulatory Approval

Grayscale Investments has received regulatory approval to publicly quote shares of its diversified crypto fund. The product, which is the firm’s only diversified offering, invests in five main cryptocurrencies.

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UK Real Estate Firm Accepts Bitcoin for Sale of 150-Year-Old Church

A British real estate firm is accepting Bitcoin in the $1.5 million listing of a church-turned-luxury residential property

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Researchers find Bitcoin sextortion malware also mines Monero

Analysts have reportedly discovered the source of the sextortion emails that’ve plagued the internet since last year — the ones that demand Bitcoin or else they’ll leak videos of you masturbating to kinky pornography.

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VanEck Director Calls on USA to Embrace Bitcoin After Backing Tether

One of the Directors of VanEck, the New York-based investment firm, has gone from defending Tether (USDT) to calling on the US to embrace Bitcoin and distributed ledger technology in the face of a burgeoning arms race.

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Crypto Market Hardly Needs a Bitcoin ETF at This Time, Says BKCM CEO

Founder and CEO of crypto investment firm BKCM Brian Kelly says that Bitcoin ETFs are hardly needed for the ecosystem’s development

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Over 12,000 Unique Bitcoin (BTC) Addresses Hold Over $1 Million USD in Value

A report by CoinMetrics, a cryptoanalysis firm, shows the number of million-dollar Bitcoin (BTC) wallets is increasing in tandem with the value of the coin. The number of wallets with at least $1 million USD (~120 BTC, at $8,400 as at time of writing) currently stands at only 12,000 addresses. As the cryptocurrency industry grows […]

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4 New High-Powered Bitcoin Miners Revealed

Bitmain Technologies and Canaan Creative have announced new mining rigs that process roughly 58-73 terahash per second (TH/s). Sources also reveal that Canaan’s initial public offering (IPO) could be listed in the U.

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Stryking.io and FC Bayern Munich Partner for Blockchain-based Digital Collectibles

Stryking. io, a distributed ledger technology (DLT) based gaming platform from the stables of Animoca Brands, a publicly listed firm that develops and publishes games and apps for smartphones and tablets, has inked a strategic partnership deal with German football champions, Bayern Munich.

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Ubisoft and Sorare to Foster Fantasy Football Blockchain Gaming

In an official press release issued on October 10, 2019, distributed ledger technology (DLT) firm Sorare stated that it was selected into the Ubisoft Entrepreneur Lab’s program to help it expand the market footprint of its critically acclaimed blockchain-based football game.

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B2C2 Unveils Bitcoin-Settled Gold Derivatives Product 

B2C2, a leading cryptocurrency over-the-counter (OTC) liquidity provider to financial institutions, has announced the launch of its gold derivatives product which it says is priced and settled in bitcoin.

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ConsenSys Grants Seven Ethereum Blockchain Projects $175k Each 

ConsenSys, a firm that claims to be focused on solving real-world problems with Ethereum blockchain solutions, is dishing out grants of $175,000 to seven credible open-source projects on the Ethereum network through its grants program.

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B2C2 OTC and Crypto Liquidity Provider Debuts New Gold Derivatives Product Using Bitcoin

B2C2– an over the counter trading platform has launched the first gold trading using a bitcoin product. The crypto liquidity provider B2C2's new product will be trading against bitcoin. This is what the firm describes as an important step in the safe-haven trading space.

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Bitcoin is Currently The Most Undervalued Asset: Crypto Management Firm’s Founder Travis Kling

“BTC is the most undervalued asset in the world today,” while equities, bonds, precious metals, real estate, and venture capital are all near their all-time highs, says Ikigai founder Travis Kling. Hitting New Peaks The yellow metal, gold recently jumped to a fresh six-year high and is now trading near this level. Experts believe the […]

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Hong Kong Free Press Fires BitPay Over Bitcoin Payment Delays

Hong Kong Free Press (HKFP) has fired BitPay, a US-based bitcoin payment processing service, over non-service. The independent media firm announced today that it is going to replace BitPay with its rival BTCPay, an open-source alternative to pay merchants online via bitcoin.

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Liquidity Provider B2C2 Launches Gold Derivative Settled in Bitcoin

The U.K.-licensed firm's new product allows clients to synthetically trade gold against bitcoin and aims to capitalize on a growth in haven assets.

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Grayscale exec claims firm raised $85 million from investors in Q2

Grayscale Bitcoin Trust is one of the most recognized institutions for digital currency investments, providing secured access and seamless exposure to the virtual asset class. In a recent interview, Rayhaneh Sharif-Askary, Grayscale’s Director of Sales and Business Development, claimed that the investment in the firm’s products had doubled in Q2 and investors were consistently coming […] The post Grayscale exec claims firm raised $85 million from investors in Q2 appeared first on AMBCrypto.

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