Author: Crypto Global News

Wells Fargo, JPMorgan File for Bitcoin Fund, BTC Price Jumps Above $47,000 By Sarah Tran Wells Fargo and JPMorgan have filed for a Bitcoin fund with the US SEC. The fund aims to offer exposure to the bellwether cryptocurrency through a partnership with NYDIG. Bitcoin price jumped back above $47,000 following the announcement. Wells Fargo and JPMorgan are planning to offer their clients exposure to the leading cryptocurrency in partnership with New York Digital Investment Group (NYDIG). The pair of banking giants are broadening their cryptocurrency interests by registering a Bitcoin fund with the United States Securities & Exchange Commission (SEC). Banking giants to offer…

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The Crypto Market Topped $2 Trillion for the First Time Since May, and 6 Other Key Things That Happened in Crypto This Past Week By Taylor Locke The top cryptocurrencies by market value saw a boost in price over the weekend. Bitcoin topped $48,000 on Saturday, which lifted the value of the entire cryptocurrency market above $2 trillion for the first time since May. Altcoins, like ether, dogecoin and cardano, jumped as well. This comes despite a relatively tough past week for the industry. From the Senate passing the infrastructure bill without an amendment to its crypto tax reporting provision to over $600 million in crypto…

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Is Stablecoin the Answer to All Cryptocurrency Problems? By SHOBHIT SETH Stablecoins are a newer breed of crypto coins that are gaining popularity as they aim to tackle the problem of cryptocurrency volatility. First introduced in 2014 with Tether, by 2021 the list of stablecoins included DAI, USD Coin, True USD, Digix Gold, Havven’s Nomin, Paxos Standard, and Binance USD.1 Another name, Basecoin, introduced in 2018 and later renamed Basis, was shut down at the end of that year after the intervention of the Securities and Exchange Commission. The world of cryptocurrencies is known for its extreme volatility and its attractiveness to speculators. Stablecoins aim to eliminate…

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Lionel Messi To Be Paid by PSG Partly in Cryptocurrency Tokens By Matthew Sullivan Lionel Messi’s shock move from Barcelona to Paris Saint-Germain has been made even more historic, with his new club revealing the star recruit will be paid partly in cryptocurrency tokens. Earlier this week, the football superstar signed a two-year deal with French giants PSG with an option for an extension into a third year. The 34-year-old paid a tearful goodbye to Barcelona after he offered to halve his pay but LaLiga insisted the Spanish giants must further cut their wage bill before they could re-sign him. On…

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Dutch Bitcoin Family Reveals How They Safeguard a Fortune in Crypto By Martin Young A family that went all-in on Bitcoin back in 2017 has revealed their secrets to safeguarding the asset now that it has increased in price by around 5,000%. The Dutch family of five’s storage plan includes a series of secret locations spread across four different continents. In 2017 the ‘Bitcoin family’ liquidated all of their assets and went all-in on BTC when it traded around $900. With BTC trading over $45,000 today, their undisclosed fortune is substantially larger. Patriarch of the family, Didi Taihutt, explained that he…

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Spend Your Crypto Anywhere With New Card By David Braue Cryptocurrency exchanges are begging the government for regulation as the sector inches towards the mainstream, with one Australian crypto exchange launching a new Mastercard that lets customers spend their holdings at any merchant that accepts credit cards. Customers can spend 30 different cryptocurrencies using the new CoinJar Card, which is issued by cryptocurrency exchange CoinJar and automatically converts the crypto funds into Australian dollar amounts based on current exchange rates. CoinJar previously offered cash withdrawals at ATMs using its CoinJar Swipe card, but CoinJar Card – which has been issued by payments provider EML…

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Aussie Uni Students Invent Huge Change to Crypto By Alex Turner-Cohen An idea casually thrown around by two Sydney friends while in a university tutorial several years ago will now see the Australian cryptocurrency landscape changed forever. Andrew Grech and Richard Voice, both 24, met at the University of Technology Sydney (UTS) in 2018, while studying a double degree of Business and IT. “We were in the same tute (tutorial) together. The topic in the tute was ‘does anyone have any business ideas’,” Mr Voice told news.com.au. Mr Grech told his classmates he wanted to make it possible to buy…

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