As a majority stakeholder, About Capital intends to fuel Huobi’s international brand promotion and business expansion among other initiatives.
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The study reveals that blockchain technology is well-positioned to take over more than 50% of the entire leasing and sale process across commercial real estate.
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The crypto community is concerned that the transfer could lead to the dumping of more than $500 million Bitcoin into the market.
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Argo reported it had an outstanding balance of $22 million on a loan from Galaxy Digital, from which it secured BTC-backed loan agreements in 2021.
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The sale left the firm with 1,959 BTC at the end of the second quarter, a more than 75% drop when compared with its reported 8,058 BTC holdings as of May 31.
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While the Otherdeed NFTs could be minted only in APE, it also required ETH for gas fees.
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Weak hands are panic selling, but long-term BTC holders have seen it all before.
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"Markets now can safely predict Bitcoin and crypto prices will likely exhibit high correlation with credit markets," said Long.
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A recent tweet storm from Elon Musk begs the question — is Tesla's founder selling his reportedly small Bitcoin holdings?
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