Category: Bitcoin News
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Crypto Flirts With Stock Market: Robinhood Prepares to Go Public, Coinbase CEO Hints Toward Possible IPO
The cryptocurrency market is currently in the midst of a major sell-off, with Bitcoin, Ethereum, and virtually all altcoins plummeting in value. The loss of over $40 billion from the cumulative cryptocurrency market cap over the last week hasn’t deterred some of the largest companies in the blockchain industry from looking toward the future, however,…
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Research: Nearly Half of Millennials Prefer Crypto Over Fiat
Since the ICO fervor of 2017, cryptocurrency and blockchain have become an international phenomenon, driving the digital economy movement. With public adoption on the rise, market research firm YouGov has conducted a study revealing recent statistics on cryptocurrency awareness. Cryptocurrency Awareness and Support On the Rise Market research and data analytics firm YouGov conducted a…
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Local Bitcoin Price Hits Record-High of $24,000 in Iran
With public adoption on the rise, international cryptocurrency regulations continue to develop. On Sept. 4, Iran legitimized cryptocurrency mining as an industry–propelling local Bitcoin prices to new, record highs. Crypto Industry Gains Global Traction in Legitimization The Iranian government has accepted cryptocurrency mining as an industry and is now developing a regulatory framework for the…
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Research Finds Investors Remain Bullish on Bitcoin Despite Bear Market
The bearish sentiment in the cryptocurrency market has failed to deter most retail and institutional investors from investing in cryptocurrencies over the next 12 months, as concluded by SharesPost’s recent survey. Investors Remain Long-Term Bullish As noted in the “Mid-Year Cryptocurrency and Blockchain” survey by SharesPost, a private securities firm based in San Francisco, the…
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Winklevoss Brothers File Patent Detailing Innovative Cryptocurrency Storage System
The wholly-owned investment fund of Cameron and Tyler Winklevoss has filed a patent describing a secure mechanism for storing digital assets, according to a patent filing published by the U.S. Patent and Trademark Office (USPTO). Winklevoss Attempt Crypto Breakthrough Related: Winklevoss Twins Charge Ahead Despite Second Bitcoin ETF Rejection The document, titled “Systems and methods…
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Coinbase Explores Launching a Crypto ETF, Consults With BlackRock
Cryptocurrency-based exchange-traded funds (ETFs) have been long-awaited by the crypto community as a catalyst for incoming institutional capital. According to a report by Business Insider, Coinbase is seeking to launch a cryptocurrency ETF. Coinbase Explores Crypto ETF San Francisco-based startup Coinbase is exploring the launch of a cryptocurrency ETF and has sought advice from the…
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Bitcoin Trading Desk: Goldman Sachs CFO Says Speculation Is ‘Fake News’
One of the first major investment banks to enter the cryptocurrency sector, Goldman Sachs has been hinting at launching a Bitcoin trading desk since June. Following news of a delay, Goldman Sachs CFO Martin Chavez is now saying that the firm never had a timeline for it in the first place. Goldman Sachs Never Planned…
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Goldman Sachs Postpones Launch of Bitcoin Trading Desk
Emerging regulations and increasing investor interest have drawn Wall Street into the cryptocurrency sector, and with a custody offering already in the works, investment bank Goldman Sachs is holding off on launching a Bitcoin trading desk. Direct Institutional Crypto Trading on Hold Related: Goldman Sachs Explores Crypto Trades Beyond Bitcoin Futures Hinting at it earlier…