New Carbon-Neutrality Share Class: One River Digital, a Crypto Fund Offering Exposure to Bitcoin and Ether (ETH)

Institutional investors have been showing a stronger appetite for investments in Bitcoin that can be carbon-neutral. They want such an investment solution to come from One River Digital Asset Management. One River Digital, a company that focuses on Bitcoin and Ether (ETH), announced Wednesday that most people in their fund with money have chosen to switch to a new share class. This new share...

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Major Money Transactions Cross the Crypto Market: Whale Alert

Over the past twenty hours, a lot of money has been sent to many different exchanges. This is a lot of money. Meanwhile, the #1 finance company continues to send money. They only have less money than yesterday. 270 million XRP on the move Over the past twenty hours, several top trading venues have transferred 269.5 million XRP in three transactions. That equals to a lot of money! Many exchanges...

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The Future of COTI: What to Expect

Avalanche and COTI prices are getting better. As a result, in a buy trend continuation pattern, COTI/USDT and AVAX/USDT appear to target $0.60 and $23 respectively. COTI “From the DAG-based protocol expertly designed to counter challenges faced in a traditional setup, COTI Coin is The at C theOT heart ofI token efforts is to the foundation build a for modern much payment-needed modern...

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El Salvador President Embraces Cryptocurrency

Bitcoin is a type of currency. It has done well recently. It did the best on Wednesday in 2 months. The price of the flagship cryptocurrency rose 11.98% to $37,573 after El Salvador’s president passed legislation approving it as a legal tender. The Central American nation will now be able to use the cryptocurrency for pricing goods and services and will even accept it for taxes! Meanwhile,...

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Bitcoin Sets a New Record $37,500 – Higher than Dot-com

Bitcoin was very high at $38,000 on Thursday. The Basel Committee said banks can hold cryptocurrencies like Bitcoin. The top cryptocurrency has hit a high of $38,461 during the European hours. It is up by more than $37,500. The Basel Committee on Banking Supervision, which sets international banking standards, recommended stricter requirements for banks that hold bitcoin than stocks and...

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Coinbase Partnering with 401(k) Pensions to Offer Crypto Investments

Coinbase, one of the most popular exchanges for buying and selling cryptocurrencies is teaming up with a company that helps people save for retirement. Now 401(k) plan holders will be able to put up to 5% of their money into crypto assets. There is almost no crypto in 401(k)s and IRAs. Industry insiders say that the high volatility of the crypto market is why they do not allow it. But some...

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Karura Raises $100 Million for Parachain Auction

Karura is an Acala sister project on Kusama. They raised more than $100 million in KSM loans to buy Kusama’s upcoming parachain auction. Karura to Bid $100 million in Parachain Auction Karura Network has raised $100 million from its community to bid for a parachain on Kusama. The team announced that 200,000 KSM tokens were lent to the team came from more than 8,500 contributors, mostly via...

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Bitcoin (BTC) Tests Resistance after Near 13% Rise on Wednesday

Bitcoin (BTC) had a big jump on Wednesday and so far it is up 13%. The next level of resistance is $40,000. It has stopped Bitcoin from going up a lot in the past two weeks. The short-term trend is looking better. Prices are going up after a series of lower high prices. The weekly chart is showing signs that the price might go back up soon. This could help stabilize the monthly price that has...

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All Bitcoin Miners Can Legally Leave China Now

Peter Wall is the CEO of Argo Blockchain and he was on CNBC recently to talk about how they are trying to make Bitcoin and other cryptocurrencies more environmentally friendly. He said the company answered questions about Bitcoin from people in China. The country banned mining and it is good for the environment. Mining can use a lot of fossil fuels, so if there is less mining Bitcoin, less...

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Crypto Market Update: Bitcoin Drop Continues

The crypto market is not doing well. Bitcoin’s price has fallen to below $35,000. Now it is only a little higher than its opening at the beginning of the year. Crypto Briefing interviewed an analyst and tried to understand why this happened since last year and what may happen next for bitcoin. The Market’s Leading Players  Traders cannot justify the volatility in crypto assets on Elon...

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Bitcoin Market Continues to Show Weakness While Range Trading

The cryptocurrency market is still choppy. Prices are weak and people are trading in the same place. There was a big outflow of Bitcoin this week, but it was not as bad as many other times. A total of 39,040 BTC were withdrawn from one company. Most of these coins were taken from Kraken (29,700 BTC), but it could have been a transfer within the company. It is also possible that they just wanted...

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IRS needs more resources to tackle the crypto industry

Charles Rettig, the head of the U.S. Internal Revenue Service, during a Senate Finance Committee hearing on June 8: We do need additional tools. We absolutely need additional resources. Rettig said that the IRS would like to work with Congress. The chief taxman says that most virtual currencies are designed to stay “off the radar.” The IRS is trying to get the records of its users...

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