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Ripple is resilient above the main $0.1920 support zone against the US Dollar. As long as XRP price is above $0.1900, it could drive the crypto market higher in the coming days. Ripple price is consolidating in a range above the $0.1920 and $0.1900 support levels against the US dollar. The price
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Peer-to-peer (P2P) crypto exchange Paxful reported Tuesday that its bitcoin trading volumes climbed 35% to $1.1 billion during the first six months of 2020 compared to $817 million a year ago.More than $182 million worth of bitcoin (BTC), on average, was traded on the platform every month between January
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Ray Dalio, the billionaire hedge fund manager and founder and chief investment officer of Bridgewater Associates, believes capital markets are no longer free.Speaking to Bloomberg, Dalio said markets have changed a lot so central banks like the Federal Reserve no longer act within the confines of the traditional economic system.“There
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Messari’s Ryan Watkins has crunched the numbers and predicts that if institutions allocate just 1% of their portfolios to Bitcoin, then BTC’s market cap could rise to above $1 trillion,Watkins’ research sought to calculate the impact on the BTC price of institutions following the famed hedge fund manager Paul Tudor
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Mike Novogratz believes that the partnership with the financial education firm CAIS would help kickstart the institutional adoption of Bitcoin.Mike Novogratz, the CEO of Galaxy Digital, believes that the next phase of Bitcoin adoption is institutional. His company recently partnered with the financial education firm CAIS to train fund managers
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[sociallocker id="55298"] Microsoft, IBM, Nasdaq and a number of other technology and financial organizations from around the world recently formed the InterWork Alliance, or IWA. The alliance, which currently consists of 36 members, serves as a non-profit organization dedicated to creating global standards needed to drive tokenized ecosystems. Microsoft’s principal architect
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Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday, the third consecutive day of open interest records this week. Significant growth in CME futures demonstrates the intensifying contest between the stalwart institutional trading platform and crypto-native derivatives exchanges like BitMEX. Over the
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Bitcoin was up over 20% year-to-date Thursday morning.Data suggests that the recent price rise is being driven by U.S. investors buying bitcoin on spot and derivatives exchanges. Meanwhile, there are now more "whales" swimming in this global sea than since mid-2019. And Bitcoin custodial startups are reporting an uptick in
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Speaking at Virtual Blockchain Week (VBW), Binance founder and chief executive Changpeng Zhao (CZ) argued that stablecoins and charity initiatives can drive meaningful cryptocurrency adoption.CZ also discussed Binance Academy’s work with Chinese government institutions on blockchain projects and revealed that he hopes Binance can influence the shape of the country’s
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This coming weekend on April 26-27, China is set to release a new national Blockchain-based Service Network (BSN) to bring relief to the existing problem of
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