Category: Finance
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Yam Suffers Technical Outage Following Scam Accusations
Yam Finance uncovered a bug the day after ShapeShift CEO Erik Voorhees called the project a scam.
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Bitcoin and Gold Correlation Reaches Record High 70%, Bolstering BTC’s Store of Value Credentials
The prices of bitcoin and gold have reached a monthly average correlation of 70%, an all-time-high, according to data analytics firm Skew. The previous peak of just under 60% was reached earlier on in the second quarter of 2020. Skew said the rising correlation supports the idea that bitcoin (BTC) is a store value, particularly…
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$4.6 Billion Under Management: Grayscale Purchased Over $100M Worth of Bitcoins Last Week
This week cryptocurrency proponents discussed the firm Grayscale Investments, as the firm purchased 9,702 bitcoins (over $110 million) in the past five days. The news follows Grayscale informing the U.S. Securities and Exchange Commission (SEC) that the Bitcoin Trust (GBTC) grew over $1.6 billion in 2020. Last Friday, Grayscale Investments filed a quarterly report with…
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Grayscale Bitcoin Trust Saw Surge in Investor Interest After March
Grayscale’s Bitcoin Trust issued almost twice as many shares, but arbitrage could have played a role.
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Blockchain Firm Says Banks Need DLT to Manage Identities Better
Blockchain firm HashCash plans to create a federated and sovereign digital identity architecture to be used in banking processes.
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Passive Income via Digital Wealth: A Deep Dive Into Crypto Earning, Staking, Interest Bearing Accounts
During the last two years investment vehicles that allow crypto asset holders to gather yields have grown exponentially and anyone can make passive income with a number of avenues. Staking validators, decentralized finance (defi) lending services, and interest rate earning accounts provide digital currency holders with the means to make their money work for them.…
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Grayscale Investments’ Ethereum Trust Filed With the SEC to Obtain Reporting Status
The digital currency asset manager Grayscale told investors on Thursday that the firm has publicly filed a Registration Statement on Form 10 with the Securities and Exchange Commission (SEC) for the company’s Ethereum Trust. The recent filing is voluntary and if the SEC approves the registration, the Ethereum Trust will be the second crypto asset…
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Pomp: Goldman Sachs’ Interest In Blockchain Shows Innovation Out of Necessity
Anthony Pompliano states innovation inevitability in light of recent blockchain comments from new Goldman Sachs brass, Mathew McDermott.
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Fed’s Inflation Efforts ‘Likely to End Disastrously’ Says Pomp
Anthony Pompliano said Bitcoin, stocks, gold, and real estate will run ‘much, much higher’ as the Fed inadvertently ramps up inflation.