JP Morgan Launches Fake Cryptocurrency, Coinbase Releases Bitcoin SV Hostages and Coinmama Exposes User Data: This Week in Crypto

This week, JP Morgan Chase launched a blockchain-based IOU system that definitely isn’t a cryptocurrency. Waves Platform and Coinbase both released any Bitcoin SV they were previously holding. Two public pension plans invested in blockchain technology. And let’s not forget, Coinmama, an alternative to Coinbase for easy acquisition of cryptocurrency, suffered a breach. Not much to speak of on the market front, this week. We consistently find the Bitcoin price somewhere between $ 3500 and $ 3700, no matter where you look, besides some esoteric perhaps unsavory markets with low volume. In other news, however, it was a rich week. JP Morgan

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This Wall Street Analyst Forecast Tesla’s Dominance. Here’s What He Says Will Shake up the Auto Industry Next.

Adam Jones, Global Auto Analyst at Morgan Stanley, warned that the production of an electric vehicle by either Tesla or Rivian could be bad news for traditional car makers in Detroit. Why? This wildly profitable segment of the vehicle industry is one that auto companies don’t mess around with. Amazon Plunks Down Major Cash to Invest in Tesla Competitor Rivian As CCN reported, Amazon led a $ 700 million funding round in Tesla rival Rivian Automotive LLC. According to the reports, while GM wasn’t included in the round as previously speculated, analysts expect the automaker to inject funds into Rivian in

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This Chinese Crypto Mining Guru Predicts the Bitcoin Price Will Surge 20,000%

A Chinese crypto mining pool founder predicted that the next bull run would unleash the market’s full potential, enabling the Bitcoin price to ascend to unfathomable heights before the euphoria cools down. Bitcoin Market Cap To $ 12 Trillion? News 8BTC’s Lylian Teng reports: “Zhu Fa, co-founder of crypto mining pool Poolin, recently made a bullish statement on bitcoin’s price, predicting that bitcoin would surge to new highs at 5 million Chinese yuan (roughly US$ 740,000).” “From record high above $ 17,000 to year lows near $ 3,000, Bitcoin’s year-long turbulence has not discouraged crypto bulls. The operator of the world’s fourth-largest mining pool

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Bitcoin Investors in This European Country Can Now Buy Crypto at the Post Office

Liechtenstein’s official post office is offering fiat-to-bitcoin exchange services through a partnership with Swiss blockchain company Värdex Suisse, a regulated payment service provider based in Switzerland. The Liechtensteinische Post AG office in Vaduz ― the capital of Liechtenstein ― launched the crypto exchange service on February 15. “Nothing is different from the conventional money-exchange business, which has always been part of Swiss Post’s service offering. The customer receives a physical cryptowallet ― which allows him by means of public and private keys ― activation of the crypto box in the network.” After an introductory phase, customers will be able to exchange fiat money into

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Crypto Nightmare: This Brazilian Investor Just Accidentally Bought Bitcoin at $20,000

Every crypto investor’s worst nightmare came true for one Brazilian trader, who accidentally bought bitcoin at a massive premium. At one point, he bought 0.0047 BTC for 340 Brazilian reals, worth about $ 91. At press time, said amount of bitcoin is worth less than $ 15 on other exchanges, meaning at the rate he paid for a full bitcoin would’ve cost him the equivalent of over $ 19,400. The cryptocurrency trader placed his buy order on a local exchange called TemBTC, which isn’t among the largest platforms in Brazil. According to local news outlet Portal do Bitcoin, a potential explanation for what

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