A European subsidiary of United States-based crypto trading platform Uphold has received approval from the United Kingdom’s Financial Conduct Authority (FCA). According to the FCA website, Uphold’s U.K. subsidiary Uphold Europe Limited gained regulatory approval on Thursday, joining the select list of 32 firms that have received FCA approval as Registered Crypto Asset service providers…
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Blockchain company Bitfury announced the launch of a new crypto-mining data center in Ontario, Canada. The new crypto mining center adds to the list of existing Canadian sites currently operating in Drumheller, Alberta and Medicine Hat. Bitfury partnered with Hut 8 Mining, a Toronto Stock Exchange-listed Bitcoin (BTC) mining company, to set up mining operations…
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Amid El Salvador reporting on cases of the positive impact of the country’s Bitcoin (BTC) adoption, a government official in Mexico has once again urged that the country should follow El Salvador’s example on Bitcoin. Indira Kempis, a senator representing Nuevo León state, is confident that Bitcoin should be legal tender in Mexico because Bitcoin…
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The tide is turning on the way in which law enforcers discuss cryptocurrencies and treat crypto users. The United States Secret Service has launched a cryptocurrency awareness hub featuring a cheesy public service announcement video. The educational tool seeks to combat the “illicit use of digital assets as well as provide public awareness information on…
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Bitcoin (BTC) began to see much-welcomed volatility to the upside on Feb. 23 as European markets opened with modest upside. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView $39,600 set to spark “heavy resistance” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD rapidly gaining Wednesday, hitting $39,000 before consolidating. The pair had staged a steady comeback…
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The Advertising Stands Council of India (ASCI) released a set of 12 guidelines for promotions and advertisement of virtual digital assets (VDA), including cryptocurrencies, on Wednesday. The chief advertising watchdog has developed the new guideline after extensive consultation with the stakeholders of the crypto ecosystem as well as the government, ASCI said. The advertising guidelines…
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Canada’s war on Bitcoin (BTC) appears to be backfiring as the country’s flagship exchange-traded fund (ETF) adds thousands of BTC. Data from on-chain monitoring resource Coinglass shows that over the two weeks to Feb. 24, the Purpose Bitcoin ETF has increased its holdings from 28,854 BTC to 32,257 BTC — 11.8%. Institutions shrug off Canada’s…
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A former executive from the Securities and Exchange Commission believes the regulator has a good chance of losing its $1.3 billion lawsuit against Ripple “on the merits” of the case. Attorney Joseph Hall also voiced concerns over what the SEC’s endgame could be regarding the high-stakes case against Ripple (XRP), which will have ramifications for…
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Amid a marketwide downturn across major crypto assets over the past week, institutional traders tipped almost $89 million into Bitcoin (BTC) funds. However, the money men failed to ba Ethereum (ETH) investment products, which saw outflows totaling $15.2 million. Despite Cointelegraph reporting earlier this week that activity on the Bitcoin network was down 30% since…
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Bitcoin’s sell-off appears to be taking a pause even though the United States rolled out new sanctions against Russia on Feb 22. Data from Cointelegraph Markets Pro and TradingView shows that the price of Bitcoin (BTC) continues to hover slightly below $38,000, which some analysts have identified as a significant support and resistance zone. BTC/USDT 1-day…
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