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Banking giant Citigroup has successfully completed a proof-of-concept for blockchain-based cross-border payments in collaboration with the Inter-American Development Bank, or IADB. According to a Thursday announcement, Citigroup’s Citi Innovation Labs and the IADB enabled several disbursements from the United States to a recipient in the Dominican Republic, using the LACChain blockchain network — a proprietary
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Binance Coin also has a likelihood of tailing the flagship cryptocurrency to its gains. BNB/USD Kaleo spotted more similarities in the BNB/USD price movements in February 2021 and right now. Binance Coin outlook in April 2021. Source: BNBUSD on TradingView.com “Extremely similar also,” Kaleo stated, “both accumulated/accumulating slightly higher than the ATH they recently broke.
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Due to strong, profitable growth of remaining six sites within Northern Data’s multi-site strategy, operational EBITDA guidance for fiscal year 2021 remains unchanged Additional eight new highly efficient locations in development worldwide All newly developed sites are entirely based on renewable energy sources Frankfurt am Main – April 8, 2021 – Northern Data AG (XETRA: NB2, ISIN: DE000A0SMU87), a
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Phemex, the fastest crypto exchange and futures trading platform has introduced OTC Trading service in partnership with Legend Trading — a Silicon Valley-based, regulatory-compliant OTC trading service. With this new addition, users on Phemex can now safely buy and sell cryptocurrencies through USD wire transfer as well as other options, including credit cards and supported
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Cryptojacking activity seems to be losing momentum, specifically types that mine monero, as a recent report unveiled a slowdown in the illicit crypto-mining activities in the cloud. A threat intelligence firm compiled the results. Report Focused on Cryptojacking Incidents With Monero According to Unit 42 in their “Cloud Thread Report,” cryptojacking attacks have been decreasing
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As demand for smart contracts climbs, Chainlink’s modular oracle for the Substrate framework aims to power developers and defi applications with trusted off-chain information and pricing data needed to attract projects to Polkadot and Kusama. Blistering Growth in Defi and Smart Contracts Beckon New Layer of Trust As the smart contract revolution continues to gain
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JPMorgan’s boss Jamie Dimon has a bone to pick with cryptocurrencies, shadow banking, and the financial technology (fintech) economy. In a letter to JPMorgan shareholders, Dimon explained that banks are “playing an increasingly smaller role in the financial system” and there’s a list of items like digital currencies he’s named that needs to be “dealt
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Following the acquisition of the Chinese mining pool Btc.com, the China-based lottery company 500.com revealed the purchase of a bitcoin mining rig manufacturer Bee Computing. The Shenzhen firm purchased the semiconductor and mining device manufacturer for roughly $100 million in a share exchange agreement. 500.com Changes Name to Bit Mining Limited and Acquires Bee Computing
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Allianz’s chief economic advisor Mohamed El-Erian says that bitcoin is not too big to fail and that governments may intervene. While he believes that cryptocurrency will grow in popularity, the economist says “it takes away a lot from governments,” adding that this asset “can only establish itself if governments allow it to.” Economist Warns of
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A South African cryptocurrency exchange, Ice3x, announced on April 6, that it will permanently stop operations, less than a month after suspending bitcoin and litecoin withdrawals. Ice3x, which one of the oldest crypto exchange in that country, says it came to this decision after lawyers advised the firm to start liquidation proceedings. ‘Extreme Pressure’ In
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Bitcoin prices dropped lost 3.12 percent in early trading Monday, while the rest of the crypto market followed suit, turning lower aggressively after their record-setting bull runs at the start of this week. Bitcoin wobbles around $56,000. Source: BTCUSD on TradingView.com At first, it appeared like a regular profit-taking exercise among western day-traders against overvaluation
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This latest move to broaden cooperation between Cardano and Coti builds upon previous collaborations as the former seeks to upgrade its payment solution on top of the former’s expanding financial infrastructure. Strategic Investment Marks First Allocation for New Ecosystem Venture Fund One of the earliest proposed use cases for blockchain was the democratization of financial
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The Founder of Social Capital, Chamath Palihapitiya said Buffett, Munger, and Gates are wrong about their negative assessment of Bitcoin. Like Buffett and Munger, the Canadian venture capitalist is also considered something of a savvy investor. However, when it comes to cryptocurrency, that’s where the similarities end. Palihapitiya Defends Bitcoin During a CNBC interview, a
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