crypto


Ant Group denies any connection to ‘Ant Coin’

Ant Group denies any connection to ‘Ant Coin’

(ATF) The continuous rise of bitcoin has once again brought fire to the virtual currency market. Recently, talk of a virtual currency called "Ant Coin Bitant" circulated widely on social media with claims that it was "led by Alibaba, endorsed by the central bank of China, and had participation by …

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China to boot bitcoin miners out of Inner Mongolia

China to boot bitcoin miners out of Inner Mongolia

(ATF) Virtual currency mining may completely move away from Inner Mongolia, as China clamps down on bitcoin miners taking advantage of cheap electricity prices, and other factors.Senior officials announced that in order to achieve the 14th Five-Year Plan, energy consumption targets and tasks of the Inner Mongolia Autonomous Region, the …

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High-end shops in Shanghai trialing digital yuan

High-end shops in Shanghai trialing digital yuan

(ATF) China has begun testing its digital yuan in high-end shopping malls, according to reports amid concern that a full rollout of China’s central bank digital currency (CBDC) will undermine cryptos such as bitcoin.Prestigious shops in downtown Shanghai are using the pilot CBDC, according to China’s Global Times. Shoppers can …

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Finance and govt turn to blockchain solutions in Singapore

Finance and govt turn to blockchain solutions in Singapore

(ATF) Singapore’s Government Technology Agency (GovTech) and Ministry of Health say they have developed a 'globally interoperable' standard known as HealthCerts to verify Covid-19 test results – and speed up clearance through immigration checkpoints when travelling. HealthCerts is powered by blockchain-technology to issue legitimate digital documents such as vaccination certificates …

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Coinbase listing filing pulls back the veil on bitcoin trading

Coinbase listing details pull back the veil on bitcoin trading

(ATF) Coinbase, the biggest US cryptocurrency exchange, filed to go public via a listing on Nasdaq on Thursday February 25. The exchange made a profit last year and might be able to list at a value close to $100 billion - especially if the recent surge in the value of …

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There’s two sides of the coin to the crypto surge 

There’s two sides of the coin to the crypto surge 

Bitcoin continues to rise in price, even breaking through the $50,000 mark last week and reaching a capitalisation of $938 billion – making it the sixth most valuable entity in the world. That put only the likes of Apple ($2.2trillion), Saudi Aramco ($2trillion), Microsoft ($1.8trillion), Amazon ($1.64trillion), Alphabet aka Google …

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Bitcoin takes a 17% hit as investors lose their nerve 

Bitcoin takes a 17% hit as investors lose their nerve 

The world’s favourite cryptocurrency fell back to earth on Tuesday as investors nervous about its soaring valuation sparked a 17% drop.It was bitcoin’s biggest daily drop in a month, as it fell as low as $45,000 and was last down 15.6% thanks, in the main, to the liquidation of leveraged …

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Bakkt $2.1bn deal highlights appeal of SPACs for crypto, fintech firms

Bakkt $2.1bn deal highlights appeal of SPACs for crypto and fintech firms

(ATF) Cryptocurrency exchange Bakkt is going public via a merger with a special purpose acquisition company (SPAC) at a valuation of $2.1 billion. The deal could give Bakkt a head start in the race to raise funds to exploit the recent explosion in the value and volatility of bitcoin.Bakkt was …

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S&P; Dow Jones Indices to launch crypto indexes in 2021

S&P Dow Jones Indices to launch crypto indexes in 2021

S&P Dow Jones Indices, a division of financial data provider S&P Global, said on Thursday it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class. The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on …

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