US-based Genesis Global Trading will eliminate its crypto spot trading service
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US-based Genesis Global Trading will eliminate its crypto spot trading service

Genesis Global Trading (GGT) will close down its cryptocurrency spot trading service on Sept. 18, according to press reports. GGT is affiliated with the Digital Currency Group (DCG), but it was not affected when the parent company’s crypto lender, Genesis Global Capital, declared bankruptcy in January.  The GGT trading shutdown is voluntary, Bloomberg reported, quoting a company spokesman as saying:…

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Report suggests 6 billionaire crypto traders earned their fortunes from Bitcoin
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Report suggests 6 billionaire crypto traders earned their fortunes from Bitcoin

A report released by London-based investment migration consultancy firm Henley & Partners suggests there were more than 40,000 crypto millionaires in the world holding Bitcoin (BTC).  According to the ‘Crypto Wealth Report’ published on Sept. 5, Henley & Partners said there were roughly 88,200 millionaires worldwide with crypto holdings, with 40,500 holding BTC. The report suggested that of 182 individuals…

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Ethereum price risks losing the $1.6K support as multiple ETH price metrics decline
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Ethereum price risks losing the $1.6K support as multiple ETH price metrics decline

Ether (ETH) price surged by 31.3% from March 10 to March 18, coinciding with the U.S. Federal Reserve’s injection of $300 billion to address the insolvency of Silicon Valley Bank.. Since then, Ether’s price consistently maintained a daily closing price above $1,600.  However, investors are now casting doubt on Ether’s ability to sustain this support level, given the prevailing bearish…

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MetaMask, Banxa Roll Out '1-Click' Crypto Buys With Apple Pay
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MetaMask Introduces Bank and PayPal Cash-Out Options

Users of the MetaMask cryptocurrency wallet can now cash out their digital assets for fiat currency ant send it to a bank account or PayPal account. The feature is now available in the U.S., U.K., and parts of Europe, MetaMask said in a Tuesday blog post, explaining that users of its browser-based platform can convert their crypto to dollars, euros…

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Gitcoin Co-Founder Kevin Owocki Says His Return Won't Make Him Center of the Network
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Gitcoin Co-Founder Kevin Owocki Says His Return Won’t Make Him Center of the Network

Gitcoin co-founder Kevin Owocki, who stepped away from the open-source funding platform last June, announced on Tuesday that he plans to return to the project. However, he signaled that his upcoming work on Gitcoin will be different from his previous role. Co-founded by Owocki in 2017, the Consenys-funded startup fully transitioned to a DAO last year. (Disclosure: ConsenSys Mesh is…

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Bitcoin range trades as volatility subsides, will TON, LINK, MKR and XTZ follow?
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Bitcoin range trades as volatility subsides, will TON, LINK, MKR and XTZ follow?

Bitcoin (BTC) tried to break out of its range last week, but the bulls could not sustain the higher levels. Bitcoin is back inside the range and is trading near the $26,000 level. The price action of the past few days has formed two successive Doji candlestick patterns on the weekly chart, indicating uncertainty about the next directional move. Although…

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