Itau Unibanco, the largest bank in Brazil, has recently made a bold move by entering the cryptocurrency exchange market. The bank has launched a trading service on its investment platform, allowing its clients to trade Bitcoin and Ether. This strategic move positions Itau Unibanco as a direct competitor to local crypto exchanges like MB and
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The recent announcement by Northern Data, a German data center and Bitcoin mining operator, of its $360 million investment in GPUs for its cloud computing services, highlights the increasing integration of Bitcoin miners into the AI sector. This move allows Northern Data’s subsidiary, Taiga Cloud, to benefit from existing infrastructure and economies of scale in
There has been a significant shift in Canadians’ attitudes towards cryptocurrency investment, with a recent study indicating a decline in enthusiasm compared to the previous year. The “Crypto Assets Survey 2023,” conducted by the OSC in collaboration with Ipsos, provides insight into this changing perspective. This article examines the key findings of the survey and
The landscape of Bitcoin ownership has long been a topic of speculation and conjecture. Many have assumed that the majority of Bitcoin is owned by a select few individuals, thereby creating an exclusive and inaccessible market. However, a recent report from Grayscale Investments has shattered this misconception, revealing a surprising diversity in Bitcoin ownership. Contrary
MicroStrategy, a prominent business intelligence software company listed on NASDAQ, has once again made headlines with its latest Bitcoin purchase. The firm’s former CEO and founder, Michael Saylor, revealed that they had acquired nearly $600 million worth of BTC. This marks their second purchase in November, bringing their total stash to an astonishing 174,530 BTC.
Ethereum (ETH) has been demonstrating impressive performance in the cryptocurrency market, currently trading around $2,000. This marks a significant increase compared to the beginning of the year, indicating a potential upward trend. Analyst FieryTrading has predicted that ETH has the potential to reach its all-time high of over $4,800 in the near future. FieryTrading, a
Bitcoin has been on an upward trajectory, with its recent surge to new yearly highs resulting in a substantial number of investors seeing positive returns on their investments. According to the Bitfinex Alpha report, over 83% of the total Bitcoin supply is currently held at a profit. This figure marks the highest percentage of profit
The Hamas terrorist organization, backed by Iran, has recently turned to Tron, a faster and more cost-effective blockchain, as a means to finance its attacks against Israel. This shift from Bitcoin to Tron has been observed by financial crime experts and blockchain specialists, who have noticed that several designated terror organizations, including those by the
Bitcoin, the world’s leading cryptocurrency, has experienced a lackluster price movement in recent days, with its value hovering just below the $38,000 mark. This period of calm follows a week of volatility driven by significant developments surrounding Binance, the largest cryptocurrency exchange. The Department of Justice recently reached a settlement deal with Binance, resulting in
In a recent interview during the Binance Blockchain Week held in Istanbul, Turkey, CryptoPotato had the opportunity to speak with Richard Teng, the newly appointed CEO of Binance. Teng, who previously served as Binance’s Head of Regional Markets, expressed his enthusiasm for the industry and shared his excitement for the future plans of the world’s
Ethereum has had a positive week, with a notable price increase of 4.7%. This surge brings Ethereum closer to the key resistance level at $2,100, which is being tested for the second time this month. A breakout above this level could potentially pave the way for ETH to rally and reach new all-time highs. Looking
In a shocking turn of events, Binance’s founder and former CEO, Changpeng “CZ” Zhao, recently pleaded guilty to violating the Bank Secrecy Act. These charges against Binance include money laundering violations, conspiracy to engage in an unlicensed money-transmitting business, and violations of US sanctions. This development has undoubtedly sent shockwaves throughout the cryptocurrency market, but
FTX and Alameda, two prominent entities in the cryptocurrency world, have been actively divesting their holdings in recent times. This move signifies their unwavering dedication to achieving settlements with creditors amid the tumultuous bankruptcy battle. Through various transfers to exchanges, they have showcased their commitment to resolving the financial challenges they face. Within the last
Bitcoin (BTC) is currently in a consolidation phase, leaving many investors uncertain and fearful of further price declines. The latest Bitfinex Alpha report reveals that BTC is hovering around the $37,000 price range, showing signs of diminishing momentum. Additionally, positive funding rates on futures contracts, which have historically been associated with market declines, add to