Kevin O’Leary Foresees Crypto Innovation Exiting the US Amidst Regulatory Strife
Kevin O’Leary predicts crypto innovation leaving the US due to strict regulations, highlighting Abu Dhabi’s M2 exchange as a new global standard. Key Takeaways Notorious investor Kevin O’Leary, affectionately known as Mr. Wonderful from Shark Tank, envisages an exodus of cryptocurrency innovation from the United States, thanks to the onerous regulatory landscape. His comments have ignited following a stern congressional …
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Report Reveals Renewed Interest in Bitcoin From US ETFs
Glassnode’s report highlights concerning scarcity of purchasable bitcoin amid high demand, potentially leading to increased price volatility. In a recent report published by blockchain analytics company Glassnode, an in-depth analysis of the actual availability of bitcoin for purchase has been conducted, revealing a concerning scarcity in the market. As the popularity and demand for cryptocurrencies continue to soar, market experts …
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The Potential Launch of a Bitcoin ETF in 2023 Boosts Market Confidence
ETF analysts express optimism about a Bitcoin ETF launching in 2023, citing growing investor demand and regulatory advancements in the cryptocurrency space. In a surprising turn of events, ETF analysts James Seyffart and Eric Balchunas have expressed their optimism regarding the likelihood of a Bitcoin exchange-traded fund (ETF) finally hitting the market this year. According to their assessment, the chances …
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New Non-Custodial Crypto and DeFi Wallet App Launched by Wallex․US
Fintech firm Wallex.US launches a cutting-edge non-custodial cryptocurrency and defi wallet app, addressing the growing demand for secure digital asset management. Fintech firm Wallex.US has recently announced the unveiling of a cutting-edge non-custodial cryptocurrency and decentralized finance (defi) wallet application. Catering to the rapidly growing demand for secure digital asset management, this app offers a reliable and encrypted solution for …
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West Demolished Global Trade System and Sparked Inflation Surge, Says Russian Banker
The imposition of Western sanctions on Russia devastates global trade and leads to significant inflation, raising concerns about the efficacy and consequences of punitive measures. Amidst an ongoing geopolitical turmoil, a prominent Russian banker has made a concerning statement, suggesting that the West’s imposition of sanctions on Russia has not only devastated the global trade system but has also led …
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Reports from FDCI Say that US Depositors Withdraw Record $472 Billion
According to the FDIC or “Federal Deposit Insurance Corporation”, depositors in the United States pulled out a record-breaking $472 billion during the first quarter of 2023. This marks the highest amount of outflows ever recorded by the agency. The decrease in deposits can be attributed primarily to uninsured funds, while insured deposits actually rose by 2.5%, reaching a total of …
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Coinbase Takes the Crypto Campaigns to TV Screens in US
Coinbase, the leading cryptocurrency exchange in the US, has launched a TV ad campaign to clarify the importance of cryptocurrency to the country. According to Brian Armstrong, the CEO of Coinbase, the campaign, named “Crypto: Moving America Forward,” aims to explain why cryptocurrency is the top technology for upgrading the economic system of America. The advertising campaign includes television advertisements, …
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Blockchain Association Demands Transparency: Files Additional FOIA Requests Over Banking Closures
The Blockchain Association, a renowned organization advocating for the crypto industry, has emphasized the importance of clarity in recent regulatory actions taken against banks that are friendly toward digital assets. In line with this, they have submitted additional Freedom of Information Act requests to two regulatory bodies, seeking information on banks that have recently shut down their services to the …
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Hong Kong Virtual Bank Set to Offer Seamless Crypto Conversions and Accounts, According to Reports
Crypto companies in the US are struggling to find domestic banking partners, and now they are searching for overseas services. ZA Bank, the top virtual bank in Hong Kong by assets, has stepped up to provide crypto account services and assistance with crypto-to-fiat exchanges. About the Report According to a recent report on April 12, the bank will function as …
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Bitcoin Surges Past $30K Mark as Federal Reserve’s Outlook Changes
Bitcoin experienced a significant surge on Tuesday, surpassing the $30,000 mark for the first time since June 2022. This notable increase was attributed to market expectations of a more lenient Federal Reserve in the coming months, as well as an overall improvement in sentiment for the crypto space. Bitcoin Breaks $30k At the time of writing this article, the world’s …
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