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Corporate Giants Embracing Crypto is Massive Boon For Bitcoin: Researcher

Binance’s loss of 7,000 Bitcoin (BTC), Bitfinex and Tether’s trouble in court, and the continual disapproval of BTC exchange-traded funds (ETFs) aside, the crypto news cycle has been widely positive. This trend continued on Thursday, with a multibillion-dollar telecommunications giant revealing that it would be taking its first foray into

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Crypto Market Showing Positive Signs: Bitcoin Cash, XLM, EOS, TRX Analysis

The total crypto market cap found a strong support near $122.0B and recently climbed higher.Bitcoin price bounced back above the $7,700 and $7,800 resistance levels.Bitcoin cash price gained a strong bullish momentum and jumped back above $400.EOS price is recovered above the key $6.00 and $6.05 resistance levels.Stellar (XLM) price

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Finance IT Infrastructure Firm Partners With Institutional Crypto Exchange Seed CX

Trading IT infrastructure company Avelacom has partnered with digital currency exchange Seed CX, according to a press release published on May 23.The partnership aims to allow institutional clients of Avelacom —  an IT infrastructure provider for the financial services industry — to utilize Seed CX’s real-time market data and

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Ryan Kavanaugh’s Media Firm Secures $100 Million Investment for Crypto Project

United States-based film producer Ryan Kavanaugh’s Proxima Media has unveiled a $100 million investment for a cryptocurrency-based film funding tool, entertainment industry news outlet TheWrap reported on May 23.Per the report, Proxima Media — which Kavanaugh founded and owns — announced plans for a new crypto-enabled financing tool for

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SEC Charges California Resident for Alleged $26 Million Crypto Pyramid Scheme

The United States Securities and Exchange Commission (SEC) has initiated court proceedings against a California resident for allegedly operating a multimillion-dollar cryptocurrency pyramid scheme, according to a press release published on May 23.The SEC alleges Daniel Pacheco of conducting a fraudulent, unregistered offering of securities through two California-based companies,

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Dutch Bank Rabobank Cancels Development of ‘Rabobit’ Crypto Wallet

Dutch bank Rabobank has reportedly canceled its plans to develop a cryptocurrency wallet, technology news outlet The Next Web states on May 23.As Cointelegraph reported, the bank had announced a cryptocurrency wallet service dubbed “Rabobit” as a part of the Rabobank Moonshot fintech innovation program in February last year.

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