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Wall Street’s Meltdown Caused The Bitcoin Price Drop, Michael Novogratz Says

It’s safe to say that the past week was one of the worst for Wall Street and the global financial markets. The S&P 500 marked its quickest correction in history while other major indexes were also bleeding heavily. Bitcoin wasn’t left out, as the cryptocurrency lost a substantial chunk of its value. According to Michael Novogratz, there was a relation between both.

 

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Is Ripple looking to disrupt the $16 billion Indian remittance market? Here’s Brad Garlinghouse’s take

“When we look at a framework, we want regulatory clarity and that’s an important one.” These were the words of blockchain giant Ripple’s CEO, Brad Garlinghouse, who featured in an interview with CNN’s Julia Chatterley.

 

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Fed Reserve Is Researching DLT-Based Digital Dollar, Says Governor

Lael Brainard, who sits on the U.S. central bank's board of governors, said Wednesday the Fed is "conducting research and experimentation related to distributed ledger technologies and their potential use case for digital currencies, including the potential for a CBDC [central bank digital currency].

 

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36% of U.S SMEs Now Accept Cryptocurrency Payments

About one-third of US-based small and medium-sized enterprises (SMEs) accept cryptocurrency as a payment for their goods and services, according to a survey commissioned by American insurer Hartford Steam Boiler (HSB), a subsidiary of German Munich Re.

 

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