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Crypto ETP volumes fell in September as investors sought safer options

Cryptocurrency ETP volumes continue to drop as long-term investors look for safer options during Bitcoin’s dry spell. According to a recent report by CryptoCompare, a digital asset data resource, aggregate trading volumes exchange traded products (ETP) have plummeted drastically in the month of September. Aggregate ETP Volume ($millions) Source: CryptoCompareOverall daily...

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Price analysis 9/25: BTC, ETH, XRP, BCH, DOT, LINK, BNB, CRO, LTC, BSV

Bitcoin and altcoins rebounded off their critical support levels, possibly creating a path to a new bullish uptrend. According to a study by researchers at the Cambridge Centre for Alternative Finance, the number of people who own Bitcoin (BTC) and other digital assets has surged from about 35 million in...

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Tokenized art: NFTs paint bright future for artists, blockchain tech

Historically, digital art has been almost impossible to monetize. Blockchain technology can solve that problem. On Sept. 23, auction-house giant Christie’s announced plans to sell its first nonfungible token, or NFT, at an auction. This was just one week after the record-setting $100,000 sale at auction of a digital art...

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Samsung’s new blockchain pilots are all about transparently tracking medicine

Blockchain continues to attract interest in the pharmaceutical industry. Samsung SDS will conduct a series of pilot projects in November to test blockchain-powered medicine distribution management. The goal of these tests is to guarantee transparency in the process of tracking pharmaceutical drugs.According to Yankup, the IT branch of Samsung Group...

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China’s Ant Group launches cross-border trade platform to support SMEs

Trusple platform promises to apply blockchain, AI and IoT technology to streamline cross-border trading processes for SMEs. Ant Group, the parent company of Chinese payments giant Alipay, unveiled its new Antchain-based global trade platform for small to medium-sized enterprises, or SMEs on Sep. 25.Going by the moniker of Trusple, the...

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Chinese govt. official: Gambling gangs use crypto to transfer funds abroad

China faces economic risk as illegal gambling operators move 1 trillion yuan in funds from the country, partially in crypto, says a government official. Illegal gambling and casinos result in the outflow of over a trillion yuan annually (around $146.5 billion) from China, said Liao Jinrong, the director general of...

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Decoupling? Bitcoin vs. gold ratio snaps out of 3-year bear market

A long-term downtrend flips to form bullish support as Willy Woo says Bitcoin’s days of tracking traditional markets are numbered. Bitcoin (BTC) may soon “decouple” from traditional assets, says statistician Willy Woo as a key gold relationship breaks out of a long-term downtrend.In a tweet on Sep. 25, Woo forecast...

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Most Americans are against a digital dollar CBDC, survey reveals

U.S. citizens appear to be opposed to a digital dollar despite expressing concerns over the existing financial system. A new study by crypto mining firm Genesis Mining suggests the majority of U.S. citizens are against the introduction of a Central Bank Digital Currency. A survey conducted by Genesis mining discovered...

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Mandatory KYC verification may contradict privacy laws in South Korea

Will this legal contradiction be resolved before the deadline? With the South Korean government preparing to implement know-your-customer (KYC) and anti-money laundering (AML) compliance processes, there is confusion among legal experts as to whether the requirements contradict other laws.According to Digital Today, the new requirements would contravene the existing Personal...

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