Category: Reveals
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Bitcoin ETFs Soar As 3rd Largest US Bank Reveals Ownership In New Filing
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In a notable development that highlights the growing interest of traditional financial institutions in Bitcoin (BTC), Wells Fargo, the third-largest bank in the United States, has revealed its exposure to Bitcoin exchange-traded funds. The US Securities and Exchange Commission (SEC) approved regulated index funds in January, allowing them to trade…
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Stablecoins Under Scrutiny: Study Reveals 90% Non-User Transactions
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A recent study by Visa and Allium Labs revealed that more than 90% of stablecoin transactions do not originate from real users. These findings raise questions about the potential for stablecoins to revolutionize the payments sector despite industry leaders’ optimism and overall positive market sentiment. Potential of stablecoins in payments…
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Kuscco board fired after audit reveals Sh6bn illegal withdrawals
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An audit of the financial records of the Kenya Union of Savings and Credit Cooperatives (Kuscco) has revealed rot that has cost the organization more than Sh6 billion in losses, leading to the sacking of the board and senior officials. The audit, conducted by US audit firm Grant Thornton, revealed…
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10x Research Reveals Next Steps From Here
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Crypto research platform 10x Research I recently noticed that Relative strength of Bitcoin It jumped to 40%. In line with this, they have provided insight into the major moves the flagship cryptocurrency might make soon enough. What’s next for Bitcoin? in the news Entitled “An Imaginary Retreat?” 10x Research has…