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JJ Cryptocurrency

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Weekly Report: Ether price could pull back to $1,700 as per Bloomberg’s February Crypto Report

Bloomberg analysts predict Ether to retreat to $1,700 before surging again Bybit exchange has announced a partnership with Cabital to bring more on-ramp integrations Canadian lawmaker tables bill to promote the growth of the cryptocurrency industry The cryptocurrency sector saw it all in the second week of February – from volatility in the market to …

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Cybercriminals made away with $602M in crypto ransom in 2021, Chainalysis reports

The blockchain forensics firm has said that with continued identification of more events, 2021 numbers could eclipse the figures recorded in 2020 The report also found that Russian-based Conti led in ransomware attacks last year Chainalysis’ recently released report on crime in cryptocurrencies in 2021 has indicated that 2021 ransomware payments reached $602 million, a …

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Unique PoS blockchain Concordium launches token on two leading exchanges

Concordium has officially listed CCD, its native token, on major crypto exchanges Bitfinex and BitGlobal, Invezz learned from a press release. Trading of the public, proof-of-stake blockchain’s token opens on February 10 and 11. CCD token trading will first start on Bitfinex. It opens at 10:00 AM CET today. On BitGlobal, trading will open same …

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Terra partners up with Washington Nationals in a five-year $40 million sponsorship deal

Terraform Labs CEO Do Kwon proposed the sponsorship at the start of the month, and the vote saw wide approval Terra will gain branding rights in the home team’s ballpark On February 1, Terraform Labs CEO Do Kwon submitted a proposal to sponsor a “household name” team in one of the four major American professional …

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Report indicates BlackRock plans to bring crypto trading support

The New York-based investment management company will allow its clients to trade crypto assets via its Aladdin platform Some of the moves the firm has made in recent days have been an indication of its interest in the cryptocurrency sector BlackRock, the world’s largest asset management firm, is looking to provide crypto trading services based …

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CoinDesk CEO reflects on the necessity of decentralised currencies

CoinDesk chief Emily Parker told CNBC yesterday that CBDCs present undue privacy concerns She also noted there is tremendous innovation around privacy in the crypto sector Speaking in an interview with CNBC yesterday, Emily Parker, the chief executive of cryptocurrency news outlet CoinDesk, faulted the possible negatives of a CBDC and rooted for a world …

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Russia set to recognise crypto as a form of currency, but with a catch

Authorities in the country have agreed to recognise crypto assets as currency though their use and trading will be regulated The decision comes less than a month after Russian authorities proposed outlawing cryptocurrencies in the country In what can best be described as a U-turn move, Russian authorities have formally agreed to treat cryptocurrencies as …

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