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Nigel Green, the CEO and founder of financial consultancy firm deVere Group, says Bitcoin’s recent bullish activity shows it has the power to replace proven safe haven assets like gold.In a statement on the deVere Group’s website posted July 27, Green said Bitcoin (BTC) is currently living up to its
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With low barriers for entering, competition for digital asset exchanges is intense, with an estimated more than 10,000 exchanges now operating worldwide. This competition reduces margins for all of them and also lowers deposit and withdrawal thresholds. Add in a confusing patchwork of global regulations, and profitability challenges for digital
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Japanese exchange Liquid recently unveiled a mass asset removal from its platform, which COO Seth Melamed claimed necessary for legal compliance.“Liquid works closely with regulators in Japan and Singapore,” Melamed told Cryptox on July 25.Referring to Anti-Money Laundering, or AML, and Combating the Financing of Terrorism, or CFT, regulations, he
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Brad Garlinghouse, Ripple CEO, at the Parallel Summit on July 17 expressed his opinion about the digital currency industry. He stated that China is a leader of it and admitted that he is awed by China’s approach.The Chief Executive Officer (CEO) of Ripple, Brad Garlinghouse, has said that China is
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FINMA-licenced Swiss Bank SEBA is partnering with Digital Asset Shared Ledger (DASL) – the liquidity network for digital assets. The two plan
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Digital asset insurance company Evertas has completed a Seed Stage funding round and raised $2.8 million. The funding round was led by
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Cloud infrastructure and digital workspace technology giant VMware are leading a Series C financing round for open-source DAML smart contract language designers
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In a landmark announcement, Securities Commission Malaysia’s Shariah Advisory Council declared that digital assets trading was permissible.The Malaysian Shariah Advisory Council is the authority that oversees the implementation of Islamic laws in the operation of Islamic Financial Institutions.Securities Commission chairman Datuk Syed Zaid Albar made the announcement during an online
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If you have read Satoshi Nakamoto’s original white paper on Bitcoin, the likely takeaway is that BTC is a currency. Take the following excerpt from the conclusion of the white paper.“We have proposed a system for electronic transactions without relying on trust. We started with the usual framework of coins
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Bitcoin saw some slight turbulence over the past few days, with its price rallying as high as $9,300 before facing a rejection that caused it to slide beneath $9,000 for a brief period.This volatility appeared to be directly linked to news regarding US payroll numbers, signaling that the cryptocurrency presently
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