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Category: BTCRUB

Bitcoin (BTC) Exchange Outflows Hit 5-Year High, Address Activity Shoots 30%

As Bitcoin (BTC) continues to flirt around $40,000 levels, its fundamentals and on-chain metrics are showing significant improvement. On Wednesday, July 28, the Bitcoin blockchain registered the largest ever net outflows in 5 years since 2016. On this day, the exchange balance dropped by more than 60,000 Bitcoins in total. This is certainly a bullish

The post Bitcoin (BTC) Exchange Outflows Hit 5-Year High, Address Activity Shoots 30% appeared first on Coingape.

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Germany’s Institutional Funds Can Hold 20% In Crypto Starting August 2

There could be a flood of institutional investments coming from Germany starting next week. On Monday, August 2, a law is coming into effect that allows Germany’s institutional investors – under the Spezialfonds category – to invest in Bitcoin (BTC) and other cryptocurrencies. Institutional players like pension funds and insurers can access these funds. Together,

The post Germany’s Institutional Funds Can Hold 20% In Crypto Starting August 2 appeared first on Coingape.

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Is Chinese Tech Giant Tencent Planning to Enter NFT Market Soon?

Amid the growing craze for NFTs among Chinese investors, it looks like Chinese tech giant Tencent is planning to enter the NFT market soon. In an exclusive update, popular Chinese journalist Colin Wu reported: “China’s largest Internet company Tencent will enter the NFT, including music, games, news content, etc.” Exclusive: China’s largest Internet company Tencent

The post Is Chinese Tech Giant Tencent Planning to Enter NFT Market Soon? appeared first on Coingape.

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Bitcoin Price Prediction: BTC Bullish Outlook Steadies Above $40,000 As PayPal Launches Crypto Exchange In The UK

A daily close above $40,000 could see Bitcoin nurture a key uptrend to $50,000. PayPal to debut a crypto exchange platform in the UK as the market turns green. Bitcoin must target a break above the 100 SMA in the short term to validate the impending upswing. Bitcoin price has remained pivotal at $40,000 for

The post Bitcoin Price Prediction: BTC Bullish Outlook Steadies Above $40,000 As PayPal Launches Crypto Exchange In The UK appeared first on Coingape.

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FTX Crypto Exchange’s Average Daily Volume Rose 150X YoY

FTX.US, a US-regulated cryptocurrency exchange saw its average daily volume grew 150x YoY, from June 2020 to June 2021 as per the 1H filing. The exchange touched the peak with $993 million during a 24-hour period on April 22, 2021. According to Cryptowatch, FTX.US held the top ranking in the US for deepest liquidity and

The post FTX Crypto Exchange’s Average Daily Volume Rose 150X YoY appeared first on Coingape.

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Breaking: $42.6 Trillion Asset Management Firm to Offer Crypto Sevices to Private Clients

State Street Corp., one of the asset management groups with $42.6 trillion worth of assets under management has announced it would start offering crypto reporting, reconciliation, and processing services to its private-fund clients. The asset manager has partnered with Lukka Inc., a crypto software service provider for its fund administration services who would also offer

The post Breaking: $42.6 Trillion Asset Management Firm to Offer Crypto Sevices to Private Clients appeared first on Coingape.

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Indian Crypto Exchange CoinDCX Looking to Raise $120 Million: Report

Indian crypto exchange CoinDCX could become the next crypto unicorn as reports suggest the crypto exchange is in talks to close a $100-$120 million funding round. The crypto exchange had closed a $13.9 million Series B funding round in December last year. The exchange raised a total of $19.4 million throughout 2020. The completion of

The post Indian Crypto Exchange CoinDCX Looking to Raise $120 Million: Report appeared first on Coingape.

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Standard Chartered led crypto custody venture Zodia Custody gets FCA approval

Zodia Custody, an institutional-grade crypto asset custody solution provider has announced it has got the approval of the Financial Conduct Authority (FCA), i.e., the platform can now provide commercial services as a crypto asset business. Zodia Custody is a product by Standard Chartered’s SC Ventures, and Northern Trust, a leading asset servicing provider. It serves

The post Standard Chartered led crypto custody venture Zodia Custody gets FCA approval appeared first on Coingape.

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Tesla’s Bitcoin Holdings Back in Profit After BTC Breaks $40K

Tesla’s Bitcoin (BTC) holdings were barely afloat amid the global crypto decline. Tesla had bought $1.5 billion worth of BTC at approximately $35,000 at the beginning of 2021. However, they sold 10 percent, i.e., over $270 Million in the first quarter during the month of April when BTC was priced at $55k. Nevertheless, now that

The post Tesla’s Bitcoin Holdings Back in Profit After BTC Breaks $40K appeared first on Coingape.

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Bitcoin records largest single-day Exchange outflow in 1-year as BTC price breach $40K

Bitcoin price is currently hovering around the $40,000 mark after breaking out of the $35k resistance and forming good support at $38,800. The top cryptocurrency hit a monthly high of $40,816 earlier today before retracing under $40K again. The on-chain data suggest traders have turned bullish again as they expect BTC to solidify its position

The post Bitcoin records largest single-day Exchange outflow in 1-year as BTC price breach $40K appeared first on Coingape.

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Theta Price Analysis: Theta Token Eyes Breakout Of Multi Month Descending Channel

-Theta price revived nearly 70% the last week -Theta Price is getting halted at major trend line resistance -400MA has held prices down for nearly 80 days Theta Token price experienced a massive bull run over the last year as prices rose 1000s of percent. Despite these gains, Theta price fell victim of market movements

The post Theta Price Analysis: Theta Token Eyes Breakout Of Multi Month Descending Channel appeared first on Coingape.

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DOT Price Analysis: Polkadot (DOT) Jumps 40% off Weekly Lows, Here Are Important Levels to Watch

-DOT pushes 40% off weekly low -DOT Price is still stuck within a descending channel -200MA has continued to act as resistance Polkadot Price Overview Polkadot has been flat the last few days as prices have stalled near important resistance. The overall cryptocurrency market has pushed very strong off lows, a type of revival not

The post DOT Price Analysis: Polkadot (DOT) Jumps 40% off Weekly Lows, Here Are Important Levels to Watch appeared first on Coingape.

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US Senate’s bipartisan infrastructure deal adds $28 Billion in Crypto Tax

The US Senate approved the bipartisan infrastructure deal worth $550 billion targetted at transportation and power systems. However, last-minute additions to the deal saw lawmakers impose an additional $28 billion in crypto tax. The infrastructure deal aims to fund a portion of the deal by collecting taxes on crypto transactions. The Senate’s proposal will impose

The post US Senate’s bipartisan infrastructure deal adds $28 Billion in Crypto Tax appeared first on Coingape.

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XRP Price Analysis: XRP Jumps 20% in Past 24 hrs, Will Price Break $1?

-XRP price has pumped 20% over the past day -200MA is acting as support for the first time in over 2 months -XRP Price is getting rejected at resistance of $0.73 XRP Price Overview XRP has had a wild last 24 hours of trading as it was once the highest gainer in the top 100

The post XRP Price Analysis: XRP Jumps 20% in Past 24 hrs, Will Price Break $1? appeared first on Coingape.

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China’s CBDC e-CNY a Certain Step to Internationalize the Use of Renminbi

Chinese central bank is all keen on internationalizing the use of the national currency Renminbi (RMB) in the international market, and its central bank digital currency is a key step in this direction. The PBoC is confident that promoting the use of e-CNY will make RMB the world’s third-largest currency in terms of trade, settlements,

The post China’s CBDC e-CNY a Certain Step to Internationalize the Use of Renminbi appeared first on Coingape.

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Bitcoin rewards app Lolli raises $10 Million in Series A Funding

The Bitcoin (BTC) reward application, Lolli announced today that it has raised over $10 Million in their latest funding round led by the venture firm, Acrew Capital. Furthermore, they shared that Acrew had collaborated with Banana Capital, Up North Management, and Animal Capital, the Gen. Z-focused venture capital fund founded by social media influencers Josh

The post Bitcoin rewards app Lolli raises $10 Million in Series A Funding appeared first on Coingape.

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Profunds launches first publically available Bitcoin Mutual Fund in the US

The rising demand for Bitcoin has made way for various regulated investment options offered by large financial institutions. One such product is now being offered by ProFunds, a firm that offers a diverse lineup of mutual funds. It has now launched the first publically available Bitcoin mutual fund in the United States. The fund would

The post Profunds launches first publically available Bitcoin Mutual Fund in the US appeared first on Coingape.

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Abu Dhabi court orders 10-year Jail for 9 accused in crypto money case

9 crypto money laundering culprits were sentenced to a decade in jail time and Dh10 million in fine, each by a criminal court in Abu Dhabi. Along with the individuals, over 6 companies have also been proven guilty of crypto money laundering allegations. The racket accumulated a total of Dh18 million in stolen funds from

The post Abu Dhabi court orders 10-year Jail for 9 accused in crypto money case appeared first on Coingape.

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Pro-BTC Senator defends crypto against Sen. Warren’s “Shadowy Super-Coders” comment

Cynthia Lummis, Bitcoin supporter, and the US Senator from Wyoming has tweeted defending the crypto sphere against Senator Elizabeth Warren’s comments. Senator Warren had accused the decentralized system to be guided by “Shadowy Super-Coders”, to which Cynthia Lummis has publicly taken a contradictory stance. Lummis highlighted how the crypto market is run by open-source developers,

The post Pro-BTC Senator defends crypto against Sen. Warren’s “Shadowy Super-Coders” comment appeared first on Coingape.

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Just-in: Coca-Cola to launch its first ever NFT

Coca-Cola has announced the launch of its first-ever NFT collection, commemorating International Friendship Day. It has partnered with OpenSea to auction its latest tokenized collectibles. The auction will begin on 30th July and continue for four consecutive days. Coca-cola has also revealed that the amount collected from the auction will be donated to Special Olympics

The post Just-in: Coca-Cola to launch its first ever NFT appeared first on Coingape.

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