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Bitcoin Bounces as Fed Announces Emergency Rate Cut

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Bitcoin Bounces as Fed Announces Emergency Rate Cut
Bitcoinist.com
 Published 1 Day ago
Bitcoin Bounces as Fed Announces Emergency Rate Cut 
In one of the craziest weeks in financial market history, the Fed has announced emergency economic stimulus to counter negative impacts from Covid-19. Shortly after, Bitcoin rose almost $200 dollars in price and topped out at $8910 before retracing. The Fed has reassessed its outlook on the economy, which it believes has materially changed due to the spread of the Coronavirus in the US. Reports of the first infection related fatalities have started to emerge, and new cases are also being discovered. Read Full on Bitcoinist.com

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India's Supreme Court Lifts Crypto Ban Imposed By Reserve Bank
twitter
 Published Few hours ago
India's Supreme Court Lifts Crypto Ban Imposed By Reserve Bank 
After a two-year battle, the Supreme Court of India has finally lifted the cryptocurrency ban that was imposed by the Reserve Bank of India (RBI) on Apr. 6, 2018. The Reserve Bank of India has been making every effort to ban any dealings in crypto assets by individuals and businesses. Its campaign began in April 2018 with circular instructing banks and companies not to deal with digital assets. As per report, a copy of the judgment which is nearly 200-300 pages will be uploaded on the court's website soon. Read Full on twitter

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Walmart Joins Blockchain Consortium Hyperledger
Cointelegraph
 Published Today
Walmart Joins Blockchain Consortium Hyperledger 
Multinational retail conglomerate Walmart has become the latest major conglomerate to join open-source blockchain consortium Hyperledger. Walmart is among eight new members to join the platform. Sanjay Radhakrishnan, the vice president of Walmart Global Tech, expressed excitement in joining the platform and told, company saw strong results through its various deployments of blockchain, and believe staying involved in open source communities will further transform the future of their business. Read Full on Cointelegraph

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NBA’s Spencer Dinwiddie appoints new broker-dealer for his upcoming token offering
The Block
 Published Today
NBA’s Spencer Dinwiddie appoints new broker-dealer for his upcoming token offering 
Athlete Spencer Dinwiddie of the National Basketball Association (NBA) has hired broker-dealer Tritaurian Capital for his upcoming token offering. Dinwiddie says that Tritaurian is “best-suited” to help bring the upcoming securities offering to accredited investors. "Tritaurian is a registered broker-dealer that has worked closely with regulators over the past several years to understand their perspective on blockchain and cryptocurrency". Read Full on The Block

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Bitcoin Recognized as a Legal Financial Instrument In Germany
Decrypt
 Published Today
Bitcoin Recognized as a Legal Financial Instrument In Germany 
The Federal Financial Supervisory Authority (BaFin) of Germany has officially defined crypto as financial instruments, providing further regulatory clarity. This makes it easier for those spending cryptocurrencies and will give some relief to businesses built around them. Cryptos are now classified as the “digital representations of value” that have some characteristics like: Not issued or guaranteed by any central bank or public body, serve investment purposes and more. Read Full on Decrypt

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Crypto Twitter Including Elon Musk Supporting Jack Dorsey to Remain As Twitter CEO
Twitter
 Published Today
Crypto Twitter Including Elon Musk Supporting Jack Dorsey to Remain As Twitter CEO 
Paul Singer, a billionaire hedge fund manager who once described crypto as one of the most brilliant scams in history, is reportedly eyeing to make major changes at Twitter, including replacing the CEO, Jack Dorsey, an ardent supporter of Bitcoin. Fellow tech titan and dual CEO Elon Musk, who runs Tesla and SpaceX, as well as Bitcoin entrepreneur Changpeng “CZ” Zhao, CEO of leading cryptoc

urrency exchange Binance, say they support Dorsey as Twitter CEO. Read Full on Twitter

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KPMG: Crypto custodians have ‘tremendous’ growth potential
The Block
 Published Today
KPMG: Crypto custodians have ‘tremendous’ growth potential 
“Big Four” consultancy giant KPMG has said that cryptocurrency custodians have “tremendous” growth potential as more institutional investors join the space. The crypto ecosystem is evolving at an “incredible” rate, according to KPMG, and custodians will have to ready their security solutions for the future, it said. There are currently 42 crypto custody service providers, including Bakkt and Fidelity Digital Assets. Over the years, these providers have received $1.3 billion in investment. Read Full on The Block

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Elon Musk References Dogecoin As Best Coin
twitter
 Published Today
Elon Musk References Dogecoin As Best Coin 
Tesla CEO, Elon Musk, has shared his take on crypto again. Through a meme-based tweet Elon Musk has taken on Twitter to tell his 31 million followers that he does keep an eye on the crypto industry, and has referenced dogecoin as one on the best crypto, the same as last year. Musk’s attitude towards crypto seems interesting, since he just makes general comments on the topic from time to time and always stays away when asked to go deeper into the issue. Read Full on twitter

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Bitcoin Has Solidified Role as Digital Gold
Cointelegraph
 Published Today
Bitcoin Has Solidified Role as Digital Gold 
Bitcoin (BTC) has “solidified” its role in the world economy as both a store of value and “digital gold,” the head of Grayscale, the world’s largest BTC fund has said. Michael Sonnenschein, managing director of Grayscale Investments told, institution now look at Bitcoin as part of the same flight to safety as they might look at bonds or gold. He told, this asset class is not going away and to remain competitive legacy institutions will have to open the door to this asset class for their clients. Read Full on Cointelegraph

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US Treasury Met Crypto Leaders
treasury
 Published 1 Day ago
US Treasury Met Crypto Leaders 
The United States Department of the Treasury met with prominent figures from the cryptocurrency space to discuss regulatory challenges. The Treasury announced on Mar. 2 that it along with industry thought leaders and compliance experts discussed the supervision of crypto assets. Secretary of the Treasury Steven Mnuchin said that the U.S. welcomes responsible innovation with the potential to improve the efficiency of the financial system. The regulator added that the U.S. will stay at the forefront of cryptocurrency regulation. Read Full on treasury

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