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Coinbase launches crypto lending platform for US institutions
Coinbase’s new institutional lending service has the same operating entity as Coinbase Borrow, which halted the issuance of new loans in May. Cryptocurrency exchange Coinbase has rolled out a crypto lending service for institutional investors in the United States, reportedly aiming to capitalize on massive failures in the crypto lending market. Coinbase has quietly launched an institutional-grade crypto…
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Report Reveals 88,200 Millionaires Built Wealth Through Cryptocurrency
A study by Henley & Partners, an investment migration consultancy in London, reveals an interesting insight: of the world’s 56.1 million millionaires, a notable 88,200 have earned their fortunes in cryptocurrency. At the time of writing, the crypto economy boasts a valuation slightly above $1 trillion. This vast sum has birthed a new generation of…
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Men charged by U.S. with laundering more than $1B in cryptocurrency
Hundreds of millions of dollars were laundered for a North Korean hacking group, Justice Department says Federal authorities on Wednesday charged two men with running a massive money-laundering scheme that allegedly handled more than $1 billion in illegal transactions, including moving hundreds of millions of dollars worth of cryptocurrency for North Korean hackers linked to…
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Crypto phishing scams: How users can stay protected
In the fast-paced and ever-evolving world of cryptocurrency, where digital assets are exchanged, and fortunes can be made, a lurking danger threatens the safety of both seasoned investors and newcomers alike: crypto phishing scams. These schemes are designed to exploit the trust and vulnerability of individuals, aiming to trick them into revealing their sensitive information…
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Bitcoin price could reach $45,000 due to rising gold price, says JPMorgan
The current gold price of nearly $2,000 per ounce would imply a bitcoin price of $45,000, according to JPMorgan analysts, as the two assets tend to move in tandem and are seen as alternatives by investors. “With the gold price rising above $2,000, the value of gold held for investment purposes outside central banks is…