Wednesday, January 27, 2021
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Bitcoin Becomes Most-Crowded Trade After Passing ‘Long Tech’: Bank of America Survey

“Long bitcoin” – a bullish bet on the top cryptocurrency – is now the most crowded trade in financial markets, according to Bank of America’s January survey of fund managers.Published by Reuters on Tuesday, the research is evidence of the growing popularity of bitcoin as an investment asset. Widely touted

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Mitsubishi and Tokyo Tech create blockchain system for P2P energy trading

Mitsubishi Electric has teamed up with researchers from the prestigious Japanese university, Tokyo Tech, to jointly design a blockchain-based trading system that can support more flexible, peer-to-peer energy trading.Announced on Jan. 18, the new system is intended to support the efficient use of surplus electricity that is generated from renewable

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Rep. Soto seeks to create office to ‘coordinate’ Federal use of blockchain tech

A new bill filed on Thursday, H.R.9067, seeks to create an office that will “coordinate” federal applications of blockchain technology. Sponsored by Rep. Darren Soto, a Democrat representing Florida’s 9th district, the bill would “establish an office within the Department of Commerce to coordinate all non-defense related deployment and activities related

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