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Abu Dhabi Sovereign Wealth Fund Invests in Cryptocurrency Exchange

The world’s thirteenth largest sovereign wealth fund, Abu Dhabi-based Mubadala Investment Capital, has made an investment in cryptocurrency exchange MidChains.As UAE English language newspaper Gulf News reported on Aug. 11, Mubadala Investment Capital has invested in MidChains, a digital currency trading platform set to launch in late 2019 in

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Solely 318 Addresses Hold Almost All of Tether’s Cryptocurrency Circulation

According to a report by the cryptocurrency research firm Coin Metrics and reported by Bloomberg, the large Bitcoin whales including crypto exchanges such as the Malta-based Binance and Hong Kong-based Bitfinex, own almost a fifth of the largest cryptocurrency, Tether (USDT).The report also showed only 318 addresses own almost $1

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South Korea’s Capital Seoul Plans to Release its Own Cryptocurrency by November

The capital city of South Korea, Seoul, is aiming to become a blockchain smart city by releasing a native cryptocurrency this year in November, the local crypto news outlet Blockinpress reports.South Korea has following plans to put in place by November:To Make its national blockchain ID system a valid document,

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Analyst: Walmart’s Cryptocurrency May Create Less Political Friction than Facebook Libra

Cowen Inc., an American multinational independent investment bank and financial services firm, has recently asserted that the retail giant Walmart’s efforts to find a way of launching and utilizing its own digital coin may generate less political friction compared to Facebook’s Libra.Cowen added that Walmart’s cryptocurrency might attract individuals who

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Cryptocurrency Lender BlockFi Secures New $18.3 Million Funding

Photo: BlockFiNew York-based cryptocurrency lender, BlockFi, has successfully raised $18.3 million in a Series A funding round which was led by Valar Ventures. The funding round also saw contributions from other heavy names in the cryptocurrency sector including Winklevoss Capital, Galaxy Digital, ConsenSys Ventures, Akuna Capital, Avon Ventures, Susquehanna,

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‘Coinbase Effect’ Makes Little-Known Cryptocurrency Go Bananas

A little-known cryptocurrency surged 60% after Coinbase said it was "exploring" listing it on its exchange. | Source: Shutterstock Coinbase announced the potential addition of several new cryptocurrency assets this week. One of them, Matic Network (MATIC) jumped by over 60% in the 24 hours since the announcement. Little-Known Cryptocurrency Gains Over

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Walmart Wants to Become ‘Currency Micromarket’ with New Cryptocurrency Patent

Walmart submitted a patent application on August 1 that would presumable help the retail giant to generate its own cryptocurrency and a blockchain network. The digital currency’s goal is to make transactions cheaper, quicker and to possibly serve as an easier banking solution for consumers.The patent refers to a hypothetical

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