Cryptocurrency

Cryptocurrency (104)

Ethereum Surges As DeFi Tokens Gain Traction

A number of tokens on the Ethereum network rose atop price charts in recent days, with Decentralized Finance tokens getting extra love. So reports Cointelegraph.

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National Banks, Savings Groups Can Hold Crypto: Feds

The U.S. Office of the Comptroller of the Currency will enable national banks and federal savings associations to hold cryptocurrencies for their customers. So reports The Block.

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TikTok User James Galante Spikes Dogecoin Buys with Post

Dogecoin volumes were up 683% after TikTok user James Galante urged his followers to buy the cryptocurrency with the hopes they “all get rich.” So reports Markets Insider.

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PayPal Considering Jump Into Cryptocurrency Sales

Digital payment company PayPal is considering a plan to sell cryptocurrencies directly to users through its Venmo subsidiary. So reports The Observer.

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Bitcoin Adds 'Whales' Since Halving Event

Bitcoin’s May 11 halving has not spiked the value of the digital currency as many had expected. However “whale” investors have ticked up 2%. So reports Coindesk.

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India Weighing Criminalizing, Banning Cryptocurrency

In considering its options, India is looking at ways to ban, and potentially criminalize, owning cryptocurrency. So reports Livemint.

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Post Office, 'Digital Dollar' Among Potential Fixes for Stimulus Payment Debacle: Panel

Congress took a deep dive into ways fintech might improve future economic stimulus efforts as coronavirus-related injections have been fraught with delay and recipient frustration. Proposals ranged from offering bank accounts backed by the Fed, to creating a U.S.-backed digital currency, to using the post office as a vessel for banking services.

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Institutional Digital Asset Ownership Up 5%: Survey

A new report from Fidelity shows more than one-third of corporations around the globe are now holding digital currencies. So reports the Tampa Bay Business Journal.

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2020 Could Set New Crypto Crime Benchmark: CipherTrace

Researchers anticipate that 2020 will be a record-setting year for cryptocurrency-related foul play. So reports Cointelegraph.

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China Plans Expanded Digital Yuan Experiment During Beijing Olympics

The Chinese government has launched a pilot program for its digital currency and has plans for an expanded test during the Beijing Winter Olympics in 2022. So reports Bloomberg.

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