Hedge Fund Titan Ray Dalio Foresees Governments Banning Bitcoin If It Becomes A Roaring Success

Ray Dalio, hedge fund titan, and well-known bitcoin skeptic says governments could potentially “outlaw” bitcoin and other cryptocurrencies should they become too successful. Dalio is the founder of Connecticut-based Bridgewater Associates hedge fund which has approximately $160 billion assets under management.

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Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap

The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion between now and the year 2023.

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Why This Trader Won’t Be Surprised If The Market Cap Of ETH, XRP, And Altcoins, In General, Reaches $250 Billion By 2021

A cryptocurrency trader and analyst, Crypto Michael says he wouldn’t be surprised if the market capitalization for altcoins reaches $250 billion by next year. His projection is based on the market cap chart for altcoins on the popular charting website, Tradingview.

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Aave protocol is safe says new DeFi Pulse tool

Aave has over $1 billion in total value locked and is currently the fourth...

The post Aave protocol is safe says new DeFi Pulse tool appeared first on Coin Journal.

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Spanish Prosecution Office Investigating Alleged Bitcoin Pyramid Scheme: $1 Billion in Investor Funds Reportedly Missing

The Spanish Prosecution office says it is investigating Arbistar for allegedly running a bitcoin trading scam with preliminary findings suggesting $1 billion in investors’ funds cannot be accounted for.

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ETH Volumes Top $119.5 Billion in Q3: High-Risk Dapps Dominate Tron Network

A recent report says total Dapps transaction volumes reached $125 Billion in Q3 2020, a figure which is $113 billion higher than in Q2 2020. From these volumes, the Ethereum blockchain accounts for 96% or $119.

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Data Site DeFi Pulse Fixes Bug, Says Value Locked Actually Hit $13B Last Week

Popular data analytics site DeFi Pulse has claimed a "previously undetected issue" saw TVL under-reported by more than $4 billion on Sept. 18.

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Bitcoin Could 14x to $3 Trillion Says Ark Invest Analysis

Ark Invest, which focuses on investing in disruptive innovation like AI and biotech, thinks bitcoin could more than 10x in the next five years from the current $200 billion market...

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As YFI Breaks Bitcoin’s All-Time High Level, Messari Analyst Says It Could Very Well Reach $1 Billion And Here’s Why

YFI is the latest Ethereum-based DeFi to take the crypto space by storm. Within two months of launching, the yearn finance native token has become the number one yield farming protocol in the crypto market.

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290 Hacks Have Robbed the Crypto Industry of $13 Billion, Says Research

Crypto hackers have looted the industry of more than $13 billion in 290 different hacks, according to blockchain security firm Slowmist.

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Investors Move $50B in Crypto from China to Avoid Beijing Rules, Chainalysis Report Says

Coinspeaker Investors Move $50B in Crypto from China to Avoid Beijing Rules, Chainalysis Report SaysChainalysis reported that at least $50 billion of cryptocurrency moved from China-based digital assets to other parts of the world in 2019 hinting at capital flight from Beijing rules.

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Binance Records All-Time High In System Traffic As Bitcoin Gains $11 Billion

Leading cryptocurrency exchange Binance has reported a new record high of system activity. The exchange’s CEO Changpeng Zhao says the current activity is greater than that of December 2017 around which time Bitcoin reached its all-time high price of roughly $20,000.

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$6 Billion Akon City Underway: Akon Says Cryptocurrency Will Empower Africans

The construction of Akon City, the $6 billion futuristic city that will function solely on the akoin cryptocurrency, is underway. Akon says cryptocurrency will empower Africans to overcome hurdles, such as high inflation and government corruption.

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Huobi Claims Close to One Trillion in Trading Volumes This Year

Huobi, one of the world’s biggest crypto exchange says $877.8 billion has been traded on the platform in the last six months. “For Q1, the unilateral trading volume was $444.2...

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‘Bitcoin Is Superior To Cash’, Says World’s Largest Business Intelligence Company

Publicly listed business intelligence firm MicroStrategy announced on Aug 11 that it had purchased 21,454 bitcoins worth $250 billion at the time, in a bid to hedge against Fed-led inflation. This is a major achievement for bitcoin as it adds credibility to the narrative that the king of crypto is gaining popularity on Wall Street as […]

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Billion Dollar Public Company Microstrategy Moves $250 Million Into BTC, Says Bitcoin ‘Superior to Cash’

Nasdaq-listed company Microstrategy Inc. is bullish on bitcoin, saying that it is a “dependable store of value” that is “superior to cash. ” The billion-dollar company has purchased $250 million in bitcoin, adopting the cryptocurrency as its primary treasury reserve.

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Coinbase’s Existing $8B Valuation Means It Doesn’t Need an IPO, Lawyer Says

An IPO would do little to boost Coinbase's following or $8 billion valuation, said a lawyer that specializes in getting startups to a public offering.

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100 Key Members of PlusToken Arrested, $2 Billion Scheme Disbanded

PlusToken’s core members have been arrested in China, and the scheme has been completely demobilized, says a report from Cailian News. The report claims over 100 people were arrested by...

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Bitcoin and Ethereum Are Worth $3 Trillion Says Ark Invest

An investment manager and an investment advisor, Ark Invest, has stated bitcoin “will be measured in trillions, more than an order of magnitude higher than its $150 billion network value...

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Binance Records Largest BNB Burn; CZ Says, “More Certain About The Future Of Crypto Than Ever”

Today, Binance announced the twelfth quarterly burn of its native token Binance Coin (BNB) which was the largest ever yet, reducing about 3. 4 billion BNB from the circulation. Not only was this the largest ever burn in terms of BNB supply but also in USD value at $60.

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Max Keiser Bashes Bitcoin SV, Says Its Price Is a “Hologram”

Bitcoin Satoshi Vision (BSV) has a market capitalization of over $3 billion, despite the criticism it has faced over recent years. This makes it the sixth-largest cryptocurrency, ahead of some of the most prominent altcoin projects.

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Bitmain’s Ousted Co-Founder, Micree Zhan, Proposes Share Buyback at $4B Valuation; Says Jihan Wu Acted ‘Illegally’

Bitmain's power struggle may be at an end, should the Jihan Wu team accept a buyback offer by Micree Zhan. According to a recent letter by the recently ousted Bitmain Co-CEO, he is willing to buy Wu's shares at a company valuation of $4 billion.

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Wirecard (WDI) Stock Plunges 46% at Opening as Company Says Missing $2B May Not Exist

Coinspeaker Wirecard (WDI) Stock Plunges 46% at Opening as Company Says Missing $2B May Not ExistThe missing €1. 9 billion was meant to be held in accounts looked after by a trustee on behalf of Wirecard and payment-processing partners in some countries.

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$22 billion fund manager says buy Gold, Bitcoin as bond markets fail as a hedge after U.S. Quant Easing

The ongoing COVID-19-pandemic has served as a defining point of modern financial markets. The post $22 billion fund manager says buy Gold, Bitcoin as bond markets fail as a hedge after U.S. Quant Easing appeared first on CryptoSlate.

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Enterprise Blockchain Market Will Hit $21.07 Billion by 2025, Says Fortune Business Insights

New research claims that the enterprise blockchain market will continue to rise to $21.07 billion by 2025.

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EOS’s Success is of Paramount Importance to Block.one, Says CEO Brendan Blumer

Block. one, the leader in providing high-performance blockchain solutions developed EOS. IO years ago and published the initial whitepaper in 2017. After the launch, Brendan Blumer, CEO of Block.

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Former DOJ Lawyer Says Class Action Cases Will Benefit Crypto

A lawyer who recovered $25 billion for his clients explains why his firm has brought 12 class action lawsuits against crypto heavyweights.

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Telegram’s Fight Against SEC Will Help Push Cryptocurrency Legislation, Says Trade Group

Telegram’s ongoing court battle with the SEC over its $1.7 billion token offering could put pressure on Congress to move cryptocurrency regulation forward, according to the Blockchain Association.

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USD Stablecoins Are Surging, but Zero Interest Rates Complicate Business Model

With investors seeking safety in dollars, stablecoins have seen inflows of more than $2 billion since the crash. But, says our columnist Hasu, zero interest rates threaten business revenue.

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Honeywell: “Corporate America Needs to Change Its Mindset”

$80 Billion Giant Honeywell International Inc. Says Corporate America needs to change its mindset on data

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Bitcoin Miners Now Unprofitable But An Unbroken S2F Model Says Weak Hands Shaken Out

Bitcoin price is currently in the red, down 1.04% in the past 24 hours while hovering around $5,300 while the volume remains near $2 billion on top ten exchanges with real volume. Altcoins are yet again following Bitcoin’s lead and seeing a jump much higher than the leading crypto asset. Bitcoin price might be feeling […]

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Jack Dorsey Keeps Title As Twitter’s CEO After $2 Billion Deal With Elliott Management

The investment management company Elliot Management has closed a deal with Twitter so that Jack Dorsey remains the social media network’s CEO. The deal closure is $2 billion in share buyback and has Elliot gaining a seat on the board of directors at Twitter, says an NBC report from March 9. The agreement also has […]

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Clearview AI Lawyer Tor Ekeland Says Your Face Is Public Property

Tor Ekeland made a career of defending hackers. Now he's defending a hacker's trove: a company with three billion images in its database.

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Russian Oligarch, Ex-Cabinet Minister Invested in Telegram’s ICO, Court Filing Says

Roman Abramovich, owner of the Chelsea soccer club, invested $10 million in Telegram’s $1.7 billion token sale through a British Virgin Islands-based entity, court papers indicate.

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CME Bitcoin Futures Hit $100B in Volume Since 2017, Director McCourt Says

CME has hosted more than $100 billion in Bitcoin futures trading volume since 2017

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Chainalysis says Binance and Huobi allegedly used for billions of dollars in criminal Bitcoin activity

Leading blockchain security and analytics company Chainalysis recently revealed that it tracked $2. 8 billion in Bitcoin (BTC) that was allegedly transferred by criminal elements to major digital currency exchanges last year.

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XRP Not Likely a Challenge to Bitcoin, Despite Ripple’s $10 Billion Valuation

Blockchain start-up and XRP proponent Ripple says it’s raised a $200 million investment round, lifting its valuation to $10 billion. Despite this move, critics worry whether Ripple and its XRP digital currency have a future in the space when up against CBDCs, stable coins, and XRP’s biggest competitor, Bitcoin.

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Plustoken Cash-Outs Could Be Behind BTC Price Drop, Says Report

On Monday, the blockchain surveillance company Chainalysis published an excerpt from the firm’s upcoming crime report that will publish in January. According to the Chainalysis research, the Ponzi scheme called Plustoken not only defrauded investors out of $3 billion but the scam “may also be driving down the price of bitcoin.

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Ciphertrace Says Banks Unknowingly Process $2 Billion in Crypto per Year

According to the blockchain analysis firm Ciphertrace, major U. S. banks process roughly $2 billion in digital currency transactions that go undetected every year. Ciphertrace disclosed a slew of financial institutions have not deployed the right KYC/AML infrastructure to detect unregistered cryptocurrency transfers.

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North Korea Stole $2 Billion in Crypto and Fiat to Fund Weapons Programs

North Korea is funding its weapons of mass destruction via hacks of banks and crypto exchanges, says a confidential U.N. report.

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North Korea Stole $2 Billion in Cryptocurrency From Exchanges, Says UN

UN: crypto hacks make big cash for North Korean gov’t

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Bitcoin’s Macro Outlook Is Grim; Analyst Says 20% Decline Still In The Cards

In the past five days, Bitcoin price has made an ascent, first going above $10,000 and now moving closer to taking over $11,000. At the time of writing, BTC/USD has been trading at $10,750 with 24 hours gains of 1.

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Bitcoin Bulls Fodder: Trump Says The US Will Impose Tariff On Another $300B Chinese Goods, Starting Sep 1st

President Donald Trump took to Twitter on Thursday to announce that the US will be imposing 10% tariffs on another $300 billion worth of Chinese goods, effective September 1. The surprise tariff announcement came after the US and China restarted the trade talks in Shanghai this week. This has been the first in-person trade talks […]

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Investor Says Bitcoin is the Next Frontier for Central Banks: Drop Gold

While shunning Bitcoin (BTC), central banks have embarked on somewhat of a gold buying spree. Russia’s monetary authority, for instance, now owns over $100 billion worth of the precious metal, which amounts to over 2,000 tons, after purchasing 20 tons just weeks ago.

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Ripple dumps more XRP than ever before, exceeding $250M last quarter

Ripple sold $106. 87 million XRP in institutional direct sales and $144. 64 million in programmatic sales during Q2 this year. According to Ripple’s latest report, the company sold $251. 51 million XRP during that time.

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BlackRock CEO Larry Fink Says Libra Is Not A Cryptocurrency, Wants Technology To Interchange Currencies

BlackRock is the largest money-management firm in the world with more than $6.5 trillion in assets under management and Larry Fink is their CEO with over a billion dollars of net worth. He appeared on CNBC recently: Fink said many of his clients and hedge funds are taking risk off the table. However, he believes […]

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Disgusted Bitcoin Trader Says Price Charts Mimic an Ugly ‘Penny Stock’

It’s a tough day to be trading crypto, it seems, with at least one Bitcoin trader comparing the $185 billion cryptocurrency’s price charts to a “penny stock. ” Garbage trading right now.

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The Crypto market will experience an 80% correction and Altcoins will bear the brunt – Peter Brandt

The cryptocurrency market has gone on a sudden dip recently, losing over $30 billion in just a few hours. This is kind of a shock to the cryptocurrency community, but veteran trader Peter Brandt says it could get much worse.

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