BITCOIN

India’s Minister of State for Finance Anurag Thakur said the government needs to study national security risks posed by virtual currencies before making any decision on their legality. “We understand there is immense interest in these virtual currencies, but we also need to look at national security and security of Indians and individuals,” Thakur said while addressing an event organized by Entrepreneurs’ Organisation Punjab on Saturday. Thakur took a jab at the high price volatility of cryptocurrencies, saying that these coins often chart 10x price moves in weeks. “That doesn’t happen in…

Leuthold Group Chief Investment Officer Jim Paulsen told Reuters he is frustrated by not being able to hold bitcoin (BTC, +5.14%) for his clients. Leuthold Group manages $1 billion but regulatory barriers prevent the firm from holding cryptocurrency. “What I like about bitcoin is … its correlation to stocks and other assets is extraordinarily independent,” Paulsen told Reuters. In lieu of holding the asset itself, wealth managers are clamoring for the approval of bitcoin exchange-traded funds (ETFs) that would meet the legal standards required of traditional investments, according to the report. The U.S. Securities and…

Galaxy Digital’s institutional-grade ether (ETH) funds have raised over $32 million since their February launch, according to documents filed Friday with the U.S. Securities and Exchange Commission. Early returns – for an “onshore” $22 million fund and its Cayman-domiciled $10 million sibling – reveal a small but deep-pocketed clientele participated in the twin funds’ earliest days. Just five total investors have joined the funds since Galaxy unveiled them in late January. The funds debuted as ETH settled in the $1,500 range, well below highs set February when the native asset of the world computer…

Bitcoin ended the first week of March with little fanfare as the market reset after the prior week’s 21% plunge. There are more signs the global economic recovery might come faster than previously expected, and traders are speculating on what that might mean for the largest cryptocurrency. Bitcoin (BTC) trading around $49,196.78 as of 21:00 UTC (4 p.m. ET). Climbing 1.93% over the previous 24 hours. Bitcoin’s 24-hour range: $46,393.39-$49,462.13 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading…

The Senate passed President Joe Biden’s $1.9 trillion Covid 19 relief package Saturday, a possible positive development for cryptocurrencies. The measure, which was passed by a 50-49 party-line vote, now heads back to the House, which would have to approve Senate changes to the package before it can head to the president for signing. The House is expected to take up the measure next week, according to The Wall Street Journal. The legislation would provide $300 in weekly unemployment benefits through early September, send $1,400 payments to some Americans and direct…

DFORK can be said to be the most anticipated project in 2021. The brand-newteamwork mode, nine people form a group, three people win the prize,and six people receive the prize! The platform’s mother currency DATAFORK (abbreviation: DK) will open global currency exchange on March10. For the specific exchange address and method, please follow theofficial news, so stay tuned! DFORK iscommitted to building a decentralized, fair, just, and openinnovative exchange project of “group joining + resonance”with practical application scenarios. The platform’s mother currencyDK will open global exchange on March 10, with…

Thedevelopment of China’s insurance industry started relatively late.However, as the living standards of its citizens improved, theinsurance industry went through a similar overhaul. In 2020, theinsurance industry realized 4.53 trillion yuan in premium income, ayear-on-year increase of 6.1%. Among them, health insurance isgrowing at a rapid rate. In 2020, the premium income for healthinsurance will be 817.3 billion yuan, a year-on-year increase of morethan 15%. Even so, compared with the United States, Japan and othercountries, the development of China’s insurance industry is still inits infancy. In terms of insurance depth…

Life has been being consistently limited from the global Covid-19 lockdown, while social isolation has also brought thrives on the short-form social video platforms, such as TikTok and Instagram. And in this situation, influencer marketing incorporating social media is a new phenomenon within the industry. For example, some non-celebrity social media influencers can pull in millions of dollars each year from brand partnerships and sponsorships. No wonder that, it illustrates perfectly how big a fan community of a Social Media Influencer and how successful Social Media Influencer can nowadays become….