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Despite strong security token growth, tZERO continues to lose money

While tZERO’s net revenues have nearly doubled year-over-year, Overstock’s fledgling security token exchange is still far from profitable. Despite explosive third-quarter growth in the security token sector, Overstock’s Q3 2020 earnings report reveals that its tZERO alternative trading system (ATS) has continued to lose money.The ATS specializes in security tokens,...

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Nearly 24% of Ether held on exchanges — Three times the percentage of Bitcoin

Only 8.1% of Bitcoin is held on exchanges compared to Ether, one-quarter of which sits on exchanges. Almost one-quarter of Ether’s (ETH) circulating supply is held on cryptocurrency exchanges, according to analytics platform ViewBase.The website shows that 26,768,260 ETH is on exchanges, equating to 23.6% with a value of $10.3...

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Bitcoin suddenly slides 4% as BofA predicts a 20% stock market crash

The price of Bitcoin abruptly dropped 4% from the day’s peak as the uncertainty in the stock market intensified. The price of Bitcoin (BTC) abruptly dropped 4% from the day’s peak on Oct. 30 as the uncertainty in the stock market intensified. With five days left to the U.S. presidential...

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Blockchain could become a part of the US military’s strategic weaponry

SIMBA Chain beat competitors such as Boeing by using blockchain to underpin a war games solution for the U.S. Department of Defense. One often hears blockchain in the same breath as security and supply chains. This week, a winning entry to a competition organized by the United States Department of Defense...

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Will they or won’t they? Central banks eye each other’s digital currency moves

Canada's central bank recognizes that CBDCs are a necessarily international issue. Canada doesn’t want any "surprises" regarding central bank digital currencies. In a recent interview with Reuters, Bank of Canada Governor Tiff Macklem doubled down on the country's contingency-plan approach to CBDCs, stressing that he sees no urgent need to...

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Visa powers one more crypto card amid ongoing antitrust charges

U.S. regulator's growing distrust in tech companies is not stopping them from extending their services into the crypto industry. As technology titans in the United States capture a larger part of their industries and beyond, regulators and governments have become increasingly concerned about their extensive power and influence. Indeed, Facebook, Twitter...

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Winklevoss’ Gemini exchange to count crypto taxes in real time

TaxBit’s tool will allow Gemini customers to increase their tax refund. American cryptocurrency exchange Gemini is partnering with tax compliance firm TaxBit to help its customers treport their crypto taxes with TaxBit’s Tax Center Suite solution.Tyler Winklevoss, CEO of Gemini exchange, said that TaxBit’s software will help reduce the “pain...

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Finance Redefined: The curious case of Harvest Finance, Oct. 21-28

Money Legos can be dangerous, especially when you focus on semantics. We were graced with one more typical “degen yield farm” popping in and out of relevance this week.Harvest Finance collected as much as $1 billion in total value locked before an “economic exploit” sent it tumbling down. Its value...

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This social media platform gives you the option to make your posts undeletable

The CEO of Minds thinks that others will follow suit. Alternative social media platform Minds is now letting users permanently save their content on the Arweave platform, which ensures that nobody can ever delete it once published.Minds users can choose to publish their content on the “permaweb” with no payment...

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