On The Web

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Systems

MoneyGram to Allow Bitcoin Buying and Selling Across Retail Network

May 13 2021

• in
• Bitcoin

“MoneyGram International said Wednesday it will allow customers to buy and sell bitcoin (BTC, -10.8%) for cash at 12,000 U.S. retail locations through a partnership with Coinme.  The cash transfer company plans to introduce bitcoin trades in 20,000 stores across 32 states by Q3, Coinme CEO Neil Bergquist told CoinDesk. His crypto firm already facilitates cash-for-bitcoin […]

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Systems

Over $200 Billion Wiped Off Cryptocurrency Market in a Day As Bitcoin Plunges Below $50,000

April 23 2021

• in
• Bitcoin

“Bitcoin and other digital currencies plunged on Friday as a proposed capital gains tax hike from U.S. President Joe Biden led to a wave of selling. At around 10 a.m. London time, bitcoin was down over 8% in the last 24 hours at $48,687, according to Coin Metrics data. It’s the first time bitcoin has […]

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Systems

JPMorgan Warns of Bitcoin Weakness as Futures Get Liquidated

April 21 2021

• in
• Bitcoin

“The last few times Nikolaos Panigirtzoglou witnessed such negative price action in Bitcoin, buyers returned in time to prevent deeper slumps. This time, the JPMorgan Chase & Co. strategist is worried. If the largest cryptocurrency isn’t able to break back above $60,000 soon, momentum signals will collapse, strategists led by Panigirtzoglou wrote in a note […]

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Systems

WSJ News Exclusive | Fidelity, Square, Coinbase Launch Bitcoin Trade Group

April 6 2021

• in
• Bitcoin

“Fidelity Investments, Square Inc. and several other financial firms are forming a new trade group that aims to shape the way bitcoin and other cryptocurrencies are regulated. The Crypto Council for Innovation will lobby policy makers, take up research projects and serve as the burgeoning industry’s voice in championing the economic benefits of digital currencies […]

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Regulation

Ex-SEC Chairman Clayton Warns of New Bitcoin Regulations – CoinDesk

April 5 2021

• in
• Bitcoin

“In an interview with CNBC’s “Squawk Box” posted Thursday, Jay Clayton, the former chief of the Securities and Exchange Commission, said bitcoin was not considered to be a security at the agency but this does not mean it should not be regulated. “Where digital assets land at the end of the day will be driven […]

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Systems

In Bitcoin’s Shadow, Stablecoins Thrive but Face Challenges

April 5 2021

• in
• Bitcoin
• Cryptocurrencies
• Digital currencies

“Bitcoin’s volatility has limited its adoption for payments, so entrepreneurs created stablecoins: cryptocurrencies pegged to assets such as the U.S. dollar. But the recent settlement of a probe into the most popular stablecoin, tether, shows the need for transparency in the growing industry.”

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Systems

Crypto Is Banned in Morocco, but Bitcoin Buys Are Soaring – CoinDesk

March 23 2021

• in
• Bitcoin

“Cryptocurrencies are banned in Morocco, but peer-to-peer bitcoin (BTC, -3.41%) trading platform LocalBitcoins is reporting all-time trading highs this year.  February 2021 was the platform’s “best month ever” in Morocco in terms of trading volumes, according to LocalBitcoins Chief Marketing Officer Jukka Blomberg, who said approximately $900,000 worth of bitcoin was traded on the platform through […]

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Systems

Morgan Stanley Becomes the First Big U.S. Bank to Offer Its Wealthy Clients Access to Bitcoin Funds

March 17 2021

• in
• Bitcoin

“Morgan Stanley is the first big U.S. bank to offer its wealth management clients access to bitcoin funds, CNBC has learned exclusively. The investment bank, a giant in wealth management with $4 trillion in client assets, told its financial advisors Wednesday in an internal memo that the bank is launching access to three funds that […]

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Systems

Bitcoin ‘pushing Aside’ Gold As a Store of Value — Senior Bloomberg Strategist

March 10 2021

• in
• Bitcoin

“A number of indicators suggest that Bitcoin ( BTC ) is pushing aside gold as the premier safe-haven asset. This could set the stage for wider mainstream adoption of the digital currency, according to Mike McGlone, a senior commodity strategist at Bloomberg…The chart accompanying the tweet shows Bitcoin’s strong outperformance versus gold since mid-2020, while […]

On The Wires

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Systems

Bitcoin in Your Bank Account? FIS, NYDIG Partner to Enable Banks to Offer Their Customers the Ability to Buy, Sell and Hold Bitcoin

May 5 2021

• in
• Bitcoin

“Financial technology leader FIS ® (NYSE: FIS) today announced an industry-first solution that enables banks to offer their customers the ability to buy, sell, and hold bitcoin via their bank accounts. Currently, consumers and corporations must establish new accounts, often with unregulated entities, and go outside of their traditional banking relationships to acquire bitcoin. The new […]