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Crypto billionaire Zhao Dong, a well-known Chinese OTC trader and cryptocurrency bull, believes that the next 15 months are a golden time to invest in cryptocurrency despite the overall market downturn.
According to new data from Chainalysis, the number of coins being used for trading by individual traders is growing. Approximately 4.8 million bitcoins (32% of the total supply of coins in existence, minus lost coins) were held in the wallets of active traders as of August 31. At the end of 2017, when the market peaked, individuals owned just 3.8 million bitcoins (representing 26%).
Given that the SEC is yet to make a long-awaited decision, the launch of investment firm Bakkt is of great significance to the crypto community as it will offer an alternative to financial instruments ignored by the Securities and Exchange Commission.
The Beijing company Bitmain is currently the largest manufacturer of mining devices. Last December, the Swiss project “Zug Crypto Valley” included Bitmain in its list of participants
The founders of a $1.5 billion investment firm and a blockchain fund are joining forces to launch a new cryptocurrency whose value will be pegged to the yen.
Investing platform Robinhood, which is rapidly gaining popularity, appears to be making up for lost profits from zero commissions by selling users' data to make a quick buck at high-speed trading firms (HFTs) on Wall Street.
According to Bloomberg, American brokerage EF Hutton, together with its parent company HUTN, is going to release cryptocurrency instruments with a special focus on practical applications.
Crypto asset custody solution provider BitGo has received a license giving it the status of a qualified custodial bank for storing cryptocurrency. It took the company a year to obtain official permission, and for another 30 days from the date of receipt of permission, BitGoTrust will not be able to begin storing digital assets.
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