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  • Vontobel's wealthy clients are interested in crypto, says CEO July 28, 2021
    The Swiss bank said some of the firm’s clients are allocating part of their portfolios to crypto. Zeno Staub, CEO of Swiss private banking and investment management giant Vontobel, has revealed that some of the company’s wealthy clients have crypto exposure.Speaking to Bloomberg on Tuesday, Staub stated that Vontobel's clients have an interest in cryptocurrencies.According to Staub, […]
    Osato Avan-Nomayo
  • Crypto frenzy may be winding down, Visa CFO says July 28, 2021
    This spring, crypto-related transactions using Visa were a significant boost to the company’s cross-border volume, although this effect is beginning to wane. This year has seen unprecedented growth in the crypto markets, with lucrative knock-on effects for third parties like Visa. This, however, may already be beginning to dwindle, according to the company’s senior executives.The […]
    Marie Huillet
  • One-tenth of Russians ready to get salaries in digital ruble, report says July 28, 2021
    A new survey of 3,000 Russians suggested that most people strongly disagree with receiving salary payouts in a state-controlled digital currency. Amid the Bank of Russia continuing progressing with its central bank digital currency (CBDC) development, one survey suggested that few Russians are ready to accept salary payments in the digital ruble.Almost half of the […]
    Helen Partz
  • Bitcoin price is returning to $40K — But will shorts have their revenge? July 28, 2021
    An analyst promises an “interesting few days” as volatility firmly reenters the Bitcoin market and sentiment transforms. Bitcoin (BTC) returned to $40,000 on Wednesday as bulls and bears waged a tug-of-war for hard-won higher ground.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView“A lot can happen” from current BTC price levelsData from Cointelegraph Markets Pro and TradingView […]
    William Suberg
  • Buterin’s $1B SHIB donation tricky to cash out, says fund manager July 28, 2021
    Realizing Vitalik Buterin’s $1-billion donation in Shiba Inu coins to the COVID-Crypto Relief Fund in India has turned out to be a labyrinthine process for the fund’s creator. Just $20 million of the $1 billion in cryptocurrency that Ethereum co-founder Vitalik Buterin donated to a COVID-19 relief fund in India has so far been cashed out […]
    Marie Huillet
  • Binance cuts withdrawal limits, rolls out tax reporting tool July 28, 2021
    Existing Binance users will be unable to withdraw more than 0.06 BTC per day without completing full KYC verification, effective in August. Binance, the world’s biggest cryptocurrency exchange by trading volumes, continues its efforts to maintain dialogue with global regulators by introducing withdrawal limits and a new tax reporting system.The company officially announced Tuesday a […]
    Helen Partz
  • Japan to test Ripple’s ODL service for money transfers to the Philippines July 28, 2021
    Japan’s first On-Demand Liquidity service implementation helps Ripple drive the adoption of crypto-enabled services. Showcasing the use of cryptocurrency in monetary transfers, Ripple has become a known partner for traditional institutions that wish to revamp their cross-border remittance services. Taking this vision further, Ripple announced a new partnership with Japan’s SBI Remit to transform remittance […]
    Arijit Sarkar
  • Bitcoin tries to break $40K for the second time in as many days July 28, 2021
    After six weeks pacing between $30,000 and $36,000, BTC’s price is now hovering around $40,000 resistance once again in two days. Bitcoin’s (BTC) volatility made headlines again after the original cryptocurrency briefly reclaimed its $40,000 mark before going back to $39,000 levels. Coming after a two-week-long bearish loom that started on July 15, this is […]
    Arijit Sarkar
  • $7B investment firm recommends crypto to beat currency debasement July 28, 2021
    Crypto and land are the best assets to protect against currency debasement, advises contrarian investment firm Horizon Kinetics. Contrarian investment firm Horizon Kinetics is advising investors to seek exposure to crypto assets amid mounting global economic challenges.Speaking to the Financial Times, Horizon co-founder Peter Doyle warned that the coronavirus pandemic and growing debt will usher […]
    Samuel Haig
  • CBDCs ‘concocted in hell by Satan himself,’ says ASI president Rich Checkan July 28, 2021
    Rich Checkan described CBDCs as the spawn of Satan and thinks that Bitcoin is still a speculative asset and not a currency alternative yet. Rich Checkan, president of Asset Strategies International (ASI), has described central bank digital currencies (CBDC) as a product that was “concocted in hell by Satan himself.”ASI was founded in 1982 and […]
    Brian Quarmby