What’s Ethereum price outlook for the rest of 2021?
Ethereum’s future is top of mind for a group of fintech experts polled by Finders. Where do they think Ethereum prices are headed, and will Ethereum overtake Bitcoin?
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Thailand telecoms firm to expand into Bitcoin mining
Jasmine Telecom Systems, a publicly-listed unit of Thai telecoms operator Jasmine International, is set to ride the Bitcoin mining wave, with plans to install tens of thousands of mining machines over the next few years. Fast facts JTS is kicking off plans to deploy 500 mining machines in a data center in the third quarter…
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Tesla reports $1.3B in Bitcoin holdings in Q2 2021
Electric carmaker Tesla on Monday reported that it held US$1.3 billion of Bitcoin, according to the company’s Q2 2021 financial results update. Fast facts There was no change to Tesla’s Bitcoin holdings from the previous quarter, but the company took a Bitcoin-related impairment hit of US$23 million due to the fall in Bitcoin prices, according…
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Huobi’s stock plunges in Hong Kong as it shuts Beijing unit
Closure of blockchain business may be related to regulatory concerns, but unlikely to hit crypto industry hard, observers say.
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Philippine Digital Asset Exchange user numbers skyrocket
The Philippine Digital Asset Exchange, a cryptocurrency trading platform licensed by the central bank of the Philippines, now has more than 450,000 users, a 22.5-times increase from 2019, the bourse has told local media. Fast facts PDAX Chief Executive Nichel Gaba said many Filipinos were crypto-curious, which explained why the number of traders on the…
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IMF issues thinly veiled warning against crypto as legal tender
Following El Salvador’s making Bitcoin legal tender and ongoing speculation of further crypto adoption in Latin America, the International Monetary Fund has issued a thinly veiled warning to any country looking to follow suit. Fast facts While acknowledging the appeal to countries adopting cryptocurrencies as legal tender — especially for those with less stable economies…
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Crypto gets starring role in South Korean historical drama TV series
A cryptocurrency-themed TV drama series with a historical twist is currently in production in South Korea, depicting the make-believe arrival of a cryptocurrency in the country’s ancient Joseon Dynasty. Fast facts “The Age of Money,” as the show will be known, follows a fictional king trying to get to the bottom of an “invisible” brass…
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Tether rejects claims of renewed scrutiny over suspected bank fraud
World’s largest stablecoin dismisses report suggesting possibility of U.S. investigation, despite claims of recent Justice Department interest and track record of legal woes.
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Goldman applies to launch decentralized finance ETF
As regulation permitting the establishment of Bitcoin exchange-traded funds remains stalled in the U.S., Goldman Sachs has officially applied for an ETF offering exposure to companies in decentralized finance and blockchain. Fast facts In a recent filing to the U.S. Securities and Exchange Commission, the bank said its fund — the Goldman Sachs Innovate DeFi…
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Amazon denies Bitcoin payment rumors
Amazon is quickly putting to rest rumors the online retail giant plans to offer crypto payment services for its customers, as reported by British newspaper CityAM, which claimed to have spoken to a company insider. Fast facts To shoot down the rumors and conjecture, an Amazon spokesperson told Coindesk.com on Monday: “Notwithstanding our interest in…