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Digital Currency

Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system.

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Bitcoin (CRYPTO: BTC) is trading around $29,000, driven by increased investor optimism following crypto initiatives by financial institutions. Crypto Analyst 'Tony The Bull' suggests the Wyckoff Method may have predicted this trend, with large institutions like BlackRock and Charles Schwab acting as the 'Composite Man'.

Portfolio Pulse from Mehab Qureshi

June 21, 2023 | 11:45 am

US stocks are expected to have a cautious start on Wednesday as traders anticipate Federal Reserve Chair Jerome Powell's Congressional testimony. FedEx Corp.'s disappointing guidance may cause anxiety about the economy. Chinese EV startups Nio, XPeng, and Li Auto rally after China extends green-energy vehicle incentives.

Portfolio Pulse from Shanthi Rexaline

June 21, 2023 | 11:11 am

Over $127.98 million in shorts were liquidated in the cryptocurrency market after Bitcoin (BTC) breached the $28,000 mark. Of the total liquidation, approximately $77 million were associated with BTC, $25 million with Ethereum (ETH), and the rest with other altcoins.

Portfolio Pulse from Mehab Qureshi

June 21, 2023 | 7:19 am

Pepe Coin (PEPE) has surged 16% in the past 24 hours, outperforming meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB). The overall cryptocurrency market turned green due to recent crypto initiatives by financial institutions, including Deutsche Bank's application for a digital asset custody license and EDX Markets' commencement of Bitcoin (BTC) and Ethereum (ETH) trading.

Portfolio Pulse from Mehab Qureshi

June 21, 2023 | 5:37 am

Apple Inc. has removed a fake 'Trezor Wallet Suite' app from its App Store after it was found to be malicious and capable of draining users' cryptocurrency holdings. The fraudulent app made it past Apple's review processes and has potentially affected hundreds of thousands of users.

Portfolio Pulse from Mehab Qureshi

June 21, 2023 | 5:28 am

Romanian prosecutors are seeking to seize 21 Bitcoins worth around $560,000 from social media influencer Andrew Tate, who is facing rape and human trafficking charges. The assets listed for seizures include 15 properties, 15 luxury vehicles, 14 watches, and Bitcoin worth $560,000.

Portfolio Pulse from Mehab Qureshi

June 21, 2023 | 4:11 am

Major cryptocurrencies surged after the announcement of crypto initiatives by financial institutions, including Deutsche Bank's application for a digital asset custody license and EDX Markets' launch of BTC and ETH trading. BlackRock also filed for a spot BTC ETF last week.

Portfolio Pulse from Mehab Qureshi

June 21, 2023 | 2:45 am

Bitcoin breaks the $28K resistance level as major financial players Citadel Securities, Fidelity Digital Assets, and Charles Schwab launch EDX Markets, a new crypto exchange platform. The announcement of BlackRock's Bitcoin ETF also signals mainstream adoption.

Portfolio Pulse from Jose Rodrigo Safdiye

June 20, 2023 | 10:02 pm

EDX Markets, an institutional-only crypto exchange, has launched with support from major financial firms like Citadel Securities, Fidelity Digital Assets, and Charles Schwab Corp (NYSE:SCHW). The platform offers a non-custodial model and has started trading in Bitcoin, Ethereum, Litecoin, and Bitcoin Cash.

Portfolio Pulse from Murtuza Merchant

June 20, 2023 | 8:51 pm

Josh Brown of Ritholtz Wealth Management believes that cryptocurrencies, particularly Bitcoin and Ethereum, are entering a new phase as institutional investors show interest. EDX Markets, a digital asset marketplace backed by Charles Schwab, Fidelity, and Citadel Securities, launched trading in select assets, targeting institutional traders. Additionally, BlackRock filed an application for the first spot Bitcoin ETF in the U.S.

Portfolio Pulse from Adam Eckert

June 20, 2023 | 7:23 pm

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