November 3, 2021

Bitcoin can be held by traditional banks for a variety of reasons.

Bitcoin can be held by traditional banks for a variety of reasons.

Big banks have long held precious objects on behalf of their customers—from jewels in safe-deposit boxes to shares of stock. Now, thanks to a new policy by a federal banking regulator, they will be able to hold cryptocurrencies like Bitcoin too. The new policy is set out in a letter published on Wednesday by the

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Ethereum Sets Eyes on 8 Consecutive Positive Quarters

Ethereum Sets Eyes on 8 Consecutive Positive Quarters

Ethereum has been on the right footing for eight consecutive quarters if the current one closes in green. Market insight provider Coinbase Institutional explained: “ETH is on track for 8 consecutive positive quarters, +47% this Q4.” This year’s fourth quarter has seen Ethereum record historical highs. For instance, ETH set a new all-time high (ATH)

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Mayor of Miami Francis Suarez Accepts Paycheck 100% in Bitcoin

Mayor of Miami Francis Suarez Accepts Paycheck 100% in Bitcoin

Francis Suarez, an American attorney and politician serving as the 43rd Mayor of Miami, announced on Twitter on Tuesday that his next salary will be received in Bitcoin (BTC). In his posting, Francis Suarez stated that he will become the first American lawmaker to accept bitcoin as a salary payment. According to the Miami Herald, the mayor

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Stablecoins report: SEC won’t lead regulation, Congress urged to act

Stablecoins report: SEC won’t lead regulation, Congress urged to act

The SEC was denied a monopoly over the stablecoin sector, yet the risk of being designated “systemically important” persists. On Nov. 1, the United States President’s Working Group on Financial Markets (PWG) released its long-anticipated report and policy recommendations on stablecoins. The document’s main focus is on prudential risks that “payment stablecoins” — or those meant

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Blockchain forensics firm Chainalysis opens Australian office

Blockchain forensics firm Chainalysis opens Australian office

Chainalysis aims to aid crypto and blockchain’s already impressive growth in Southern Asia and Oceania. Leading blockchain analytics firm Chainalysis is opening its first Australian office in Canberra, coinciding with the news it has partnered with the Commonwealth Bank on its plans to offer crypto trading to 6.5 million app users. Chainalysis, which was valued at $4.2 billion

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Riot Blockchain Raises Hashrate Guidance by 11.7% for 2022

Riot Blockchain Raises Hashrate Guidance by 11.7% for 2022

The miner continues to hold onto its mined bitcoin and expects to increase its hashrate to 8.6 EH/s next year. Riot Blockchain increased its forecast for bitcoin mining computing power guidance to 8.6 exahash per second (EH/s) from previous guidance of 7.7 EH/s for next year, according to a statement on Wednesday. The Castle Rock, Colorado-based miner

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SENATOR CYNTHIA LUMMIS: BITCOIN IS A COMMODITY, OTHER CRYPTO ASSETS ARE SECURITIES

SENATOR CYNTHIA LUMMIS: BITCOIN IS A COMMODITY, OTHER CRYPTO ASSETS ARE SECURITIES

U.S. Senator Cynthia Lummis (R-WY), one of the most outspoken political advocates for Bitcoin, shared in an interview with CNBC on Tuesday that she believes Bitcoin is a decentralized commodity, and that the other crypto assets behave like securities. When questioned whether and to what extent crypto assets outside of Bitcoin were “here to stay,” Cynthia Lummis responded,

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