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Cointelegraph Joins World Economic Forum’s Strategic Intelligence Network

We are excited to announce that Cryptox has joined the World Economic Forum’s Strategic Intelligence contributor network as a content partner, supplying the latest blockchain and cryptocurrency industry news, market analysis and op-eds into its sophisticated and wide-ranging knowledge base. Launched in 2019, Strategic Intelligence uses a combination of professional and

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Turkey’s Economic Tumoil Shows Bitcoin Is a Better Bet Than Emerging Markets

Bitcoin and the S&P 500 may have strongly recovered from their March lows, but it’s been a dismal quarter for the world’s economies.Unemployment has skyrocketed, consumer confidence is crashing, and against the U.S. dollar, foreign currencies are falling off a cliff.The latter issue is especially pertinent in Turkey, where the

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Institutional Crypto Trading Platform Raises $17M Despite Economic Slowdown

Institution-facing liquidity aggregator, FalconX, has announced a $17 million fundraising round including participation from Coinbase Ventures, Accel, and a venture capital firm associated with FMR LLC — the parent company of Fidelity Investments.FalconX will use the funds to scale its infrastructure, introduce new products, and expand its trade execution engine.Institutional

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Global Economic Crisis Spurs Crypto-Comeback, CEO Says

Although coronavirus conditions have created global economic difficulties, cryptocurrencies could see growth amid the struggle, according to one blockchain incubator's head."Short-term: digital currencies suddenly look appealing," Polyient Labs CEO Brad Robertson told Cryptox in a May 1 email. "If someone only looked back at the last two weeks, they might think

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First Mover: Amid Economic Meltdown, Bitcoin Is Winning as ‘No Value’ Buffett Eats Crow

Billionaire investor Warren Buffett says he's having a hard time finding attractive investments as the coronavirus ravages the global economy.Maybe he should take advice from professional crypto investors like Pantera Capital's Dan Morehead – and reconsider bitcoin.You're reading First Mover, CryptoX's daily markets newsletter. Assembled by the CryptoX Markets Team, First

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World Economic Forum Looks to Blockchain to Restart Global Economy

The World Economic Forum published a report looking at how the deployment of blockchain-based solutions can address the supply chain inefficiencies and failures that have been exposed by the COVID-19 pandemic.Alongside the report, the WEF has released a blockchain deployment toolkit intended to assist government and businesses in adapting their

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Investments in Grayscale Bitcoin Trust Hit Record High Amid Economic Crisis

Grayscale Investments has announced the strongest quarter in its history. Investments into the company’s cryptocurrency products, including the flagship Grayscale Bitcoin Trust (GBTC), hit a record high in the first quarter. Of the total investment, 88% comes from institutional investors. The company now has $2.2 billion in assets under management.Also

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Bitcoin Volume and Returns Remain Stable Amid Global Economic Uncertainty

Recent reporting by Cointelegraph shows that Bitcoin (BTC) spending has retraced since March 9 amid the worsening coronavirus pandemic. Data from blockchain analytics firm Chainalysis also shows that even the amount of Bitcoin spent on illicit activities through darknet marketplaces is down from pre-coronavirus levels.Despite the reduction in transactions,

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