News
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FTX’s claim window values fall significantly below market rates
- March 4, 2024
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No CommentsThe cryptocurrency community is buzzing with concerns as users affected by FTX’s bankruptcy express dismay over the pricing disparities observed in the platform’s recently opened claim window. FTX, grappling with its Chapter 11 settlement, has priced major cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Binance Coin (BNB) well below their current market
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Tether’s USDT hits a record high of $100 billion market cap
- March 4, 2024
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Tether’s USDT has achieved a significant milestone, surpassing the $100 billion market capitalization mark on March 4, marking a watershed moment for the popular stablecoin. CoinGecko data reveals an impressive year-to-date growth of 9%, consolidating Tether’s position as a stalwart in the crypto market. Notably, Tether’s market cap maintains a substantial lead, exceeding $71 billion
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Bitcoin (BTC) price surpasses $66,000 and strives toward its ATH
- March 4, 2024
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Bitcoin (BTC) has surged past the $66,000 threshold, marking a significant stride towards its all-time high (ATH) of $69,000 achieved in November 2021. This accomplishment, witnessed during the early hours of Monday in Europe, underscores the cryptocurrency’s robust momentum and steadfast performance. The latest data from CoinMarketCap indicates an impressive 7.15% increase in the value
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Wall Street Journal faces defamation accusations over Tether-Bitfinex article
- March 3, 2024
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The defamation lawsuit against the Wall Street Journal adds a layer of complexity to the ongoing debate over the responsibilities and ethical considerations of journalism in the age of digital media. Christopher Harborne’s legal action underscores the potential consequences of media organizations making claims that, if proven false, could irreparably harm the reputation and livelihoods
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Bitcoin (BTC) maintains stability at $62,000, leading to 99% of wallets in a profitable state
- March 3, 2024
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Bitcoin (BTC/USD) maintains its strong position above the $62,000 threshold, signaling a notable 1.50% increase on Sunday and sparking heightened anticipation across the cryptocurrency landscape. This pivotal moment has brought about a situation where an overwhelming 99% of Bitcoin addresses find themselves in a profitable position, fueling discussions and debates regarding the potential trajectory of
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Bank of America and Wells Fargo dive into cryptocurrency space, launching spot Bitcoin ETFs
- March 1, 2024
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Traditional banking giants Bank of America and Wells Fargo have taken a bold step into the realm of cryptocurrency by offering eligible wealth management clients access to spot Bitcoin exchange-traded funds (ETFs). This move, which has been in effect for several weeks, signals a pivotal moment in the financial industry’s acceptance and integration of digital
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Nigerian government slams Binance with $10 billion fine amid unlawful crypto activity
- March 1, 2024
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The Nigerian government has imposed a staggering $10 billion fine on Binance for alleged cryptocurrency activity. The punitive measure aims to address concerns related to the stability of the nation’s local currency and alleged malpractices within the cryptocurrency market. Bayo Onanuga, President Bola Tinubu’s special adviser on information and strategy, revealed the imposing fine in
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Marathon Digital launches Anduro, a Bitcoin layer 2 network
- February 29, 2024
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Bitcoin recently witnessed a robust surge, soaring to $61,400 and marking an impressive 8% increase on a single Thursday. The rally aligns with Marathon Digital’s introduction of the Anduro Layer-2 network, signaling potential advancements in Bitcoin’s scalability and encouraging innovation within the digital currency landscape. As Bitcoin aims for its highest monthly level since 2020,
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Nigerian government apprehends Binance executives amid cryptocurrency exchange crackdown
- February 29, 2024
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Nigerian authorities have detained two senior executives from Binance, a major player in the global cryptocurrency exchange scene. This move comes as part of Nigeria’s intensified efforts to regulate and control cryptocurrency activities within its borders. According to the Financial Times, the executives arrived in Nigeria following the country’s decision to ban multiple cryptocurrency websites.
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Bitcoin surpasses $60,000 mark for the first time in over two years
- February 28, 2024
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Bitcoin (BTC) has surged past the $60,000 milestone, currently holding at $61,140. This remarkable uptick, reflecting a 7% surge within the last 24 hours, underscores Bitcoin’s resilience and growing appeal. Over the past week, the leading cryptocurrency has experienced a substantial 15% uptrend and an impressive 40% surge over the last month. Notably, Bitcoin now