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Bitcoin Price Could Reach $40,000 Within Years: Billionaire Marc Lasry

2 days 1 hour ago

Another billionaire has officially jumped on the bitcoin bandwagon. The latest addition to the burgeoning group of bitcoin billionaires is Marc Lasry, the co-founder of Avenue Capital Group, an investment firm with $9.6 billion in assets under management. Speaking with CNBC, Lasry — who is also a co-owner of the NBA’s Milwaukee Bucks — said

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Josiah Wilmoth

Coinbase Walks Back Claim That SEC Approved Trio of Acquisitions

2 days 2 hours ago

Cryptocurrency exchange and brokerage giant Coinbase has walked back a claim that it had received explicit approval from the U.S. Securities and Exchange Commission (SEC) to acquire three companies as part of its future plans to list cryptocurrencies that are deemed securities under federal regulations. As CCN reported, the San Francisco-based company had announced earlier

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Josiah Wilmoth

IBM Backs a Dollar-Pegged Stablecoin Crypto Token on the Stellar Network

2 days 2 hours ago

Stronghold, a San Francisco-based financial institution that has been developing an asset agnostic payment and trade ecosystem, has launched an asset-backed token on the Stellar network, the first venture supported USD anchor for the network. Buyers of the coin will deposit U.S. dollars with Stronghold’s partner bank, Nevada-based Prime Trust, enabling Stronghold to issue the tokens

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Lester Coleman

Mastercard Wins a Patent to Link Cryptocurrency With Fiat Accounts

2 days 3 hours ago

Mastercard has been granted a patent that grants it rights for a method for “managing fractional reserves of blockchain currency.” With Mastercard’s latest patent, we’re getting closer to using our cryptocurrency credit cards to purchase goods. According to the filing, the method addresses the storing of both fiat and cryptocurrencies under one profile. This means, … Continued

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Mauro Sacramento

Bitcoin Mining Giant Bitmain is Tripling its Development Center in Israel

2 days 4 hours ago

Bitmain, the Chinese bitcoin mining giant valued at $12 billion, is cementing its presence in Israel by planning to triple its employees at its domestic development center. In an aggressive expansion of its research and development center in Ra’anana, a city in western Israel, Bitmain is looking to recruit over 40 employees to add its

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Samburaj Das

Bitcoin Volume at $6.4 Billion, Up 2x Since Last Week as Crypto Market Surges

2 days 6 hours ago

The volume of bitcoin, the most dominant cryptocurrency in the global market, has risen by two-fold in the past week, supporting the recent mini bull rally of the crypto market. Last week, CCN noted that the low volume of bitcoin is a concern for the short-term trend of the market. For instance, on July 9,

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Joseph Young

Japanese Internet Giant GMO’s New Web Bank Will Use Blockchain for Payments

2 days 6 hours ago

Multi-billion-dollar Japanese tech conglomerate GMO has launched a new internet banking business that will use blockchain technology for faster and cheaper payments and financial services. In an announcement [PDF] on Tuesday, the GMO Internet Group confirmed the launch of the GMO Aozora Net Bank in partnership with Aozora Bank Group, a joint-initiative that has been

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Samburaj Das