Tag: year

BNY Mellon plans to launch digital asset custody platform later this year

[ad_1] BNY Mellon, a major investment bank, is developing a digital asset custody platform that would allow institutional customers to gain crypto exposure. According to a report from City A.M., customers will be able to store the world’s most popular cryptocurrencies, Bitcoin (BTC) and Ether (ETH), in BNY Mellon crypto wallets which are powered by Fireblocks technology. However, once regulatory approval has been granted, the service will gradually increase and integrate a variety of tokenized traditional and digital assets. The new service, according to the investment bank, is expected to…

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Crypto Scam Websites Attracted Millions of Indians Last Year, Chainalysis Says – Featured Bitcoin News

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[ad_1] Indians visited crypto scam websites nearly 10 million times last year, according to blockchain data analytics firm Chainalysis. The top crypto scam sites alone were visited 4.6 million times by Indian users. Millions of Indians Visit Crypto Scam Sites Indians visited scam crypto websites in droves over the past years, according to data from blockchain analytics firm Chainalysis. The firm found that Indians visited cryptocurrency scam websites 9.6 million times last year. In 2020, the figure was much higher. Crypto scam websites were visited 17.8 million times by Indian…

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A year of mass adoption for cryptocurrencies in Brazil

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[ad_1] Throughout 2021, the Brazilian cryptocurrency market managed to distance itself from the police pages and finally win acceptance with the general public, whether in the financial market or even in the greatest national passion: soccer. Last year, Bitcoin (BTC) acted as a strong alternative to the Brazilian real that ended 2021 by breaking negative records and reaching a devaluation of 6.5% by December, making it the 38th worst currency in the world. In a year of ups and downs for Bitcoin, the biggest cryptocurrency hit a bottom of 167,000…

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Bitfarms purchased more than $43M in Bitcoin to start the new year

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[ad_1] Canadian crypto mining firm Bitfarms has already bought 1,000 Bitcoin in 2022, making its total holdings of the crypto asset more than $177 million. In a Monday announcement, Bitfarms said it purchased 1,000 Bitcoin (BTC) for $43.2 million in the first week of January, roughly the same amount the company added to its treasury in both the third and fourth quarters of 2021. According to the mining firm, it currently holds more than 4,300 BTC as of Jan. 10, roughly $177 million at a price of $41,183. “Our guiding…

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New year, same ‘extreme fear’ — 5 things to watch in Bitcoin this week

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[ad_1] Bitcoin (BTC) begins its first full week of 2022 in familiar territory below $50,000. After ending December at $47,200 — far below the majority of bullish expectations — the largest cryptocurrency has a lot to live up to as signs of a halving cycle peak remain nowhere to be found. With Wall Street set to return after stocks conversely ended the year on a high, inflation rampant and interest rate hikes looming, 2022 could soon turn out to be an interesting market environment, analysts say. So far, however, all…

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2022 Year Bitcoin Proves Itself World Stage

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[ad_1] 2021 seemed like the year cryptocurrency grew up. Bitcoin broke out of its three-year bear market in November 2020, going on a massive rally vaulting it into mainstream public consciousness. It was a great year for enthusiasts for sure. We saw Bitcoin become legal tender in El Salvador, and other countries begin walking in President Bukele’s footsteps. Lightning Network began bringing first-world financial services to hundreds of millions of unbanked citizens. Wall Street got in the bitcoin game in a big way, with multiple new ETFs, funds and IPOs.…

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Bitcoin has risen 7% to 36% in the first week of January each year since 2018

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[ad_1] Some crypto market analysts are highlighting the potential for a green first week on the crypto markets in January as part of what economist and trader Alex Krüger calls the “first week of the year effect.” Krüger pointed out in a Dec. 29 tweet that for the past four years straight, Bitcoin (BTC) has enjoyed positive returns in the first week of January ranging from 7% to 36% between 2018 and 2021. In 2021, BTC grew from $28,653 to $41,441 in the first week of Jan. When asked what…

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Bitcoiner Reflection On 2021 Year

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[ad_1] Was 2021 a good year? Depends, as most things do, on perspective. As I sat writing the first line of this article, I asked myself this question. Now, this article might sound harsh at times, and I just ask that you stick with me. There’s a method to my madness. As we progress through the months of this year, keep in mind that I could not address every event that happened, and each event spoken to is purposefully chosen to illustrate a larger narrative. To describe this year, I’m…

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Ripple Achieves ‘Strongest Year Ever’ Despite SEC Lawsuit Over XRP, Says CEO – Regulation Bitcoin News

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[ad_1] Ripple has achieved the “strongest year ever” despite the lawsuit over XRP by the U.S. Securities and Exchange Commission (SEC), according to CEO Brad Garlinghouse. “Calling crypto the ‘Wild West’ is a farce,” he said, emphasizing that “most are complying with financial regulators globally.” Ripple Has Best Year Despite SEC’s Lawsuit Over XRP Ripple CEO Brad Garlinghouse talked about his company’s achievement and cryptocurrency regulation in a series of tweets Wednesday. He explained that despite the lawsuit over XRP, Ripple had the “strongest year ever.” The U.S. Securities and…

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