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   Business News    Financial News   Financial News

  Posted by u/ one year ago

Only 5.8% of BTC in Circulation Sits on Exchanges But Bitcoin Price Struggles: Santiment

Bitcoin's low supply on exchanges shows that BTC holders have not regained their confidence and trust in centralized platforms.

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  Posted by u/ one year ago

Tracing the Origins of Bitcoin's Newest $3.1 Billion Wallet

A recently surfaced BTC wallet holds 118,300 Bitcoin (~$3.1 billion), making it the third-largest Bitcoin holder. Data hints at connections to Gemini and a potential tie to BlackRock's recent Bitcoin ETF filing. Here's what you need to know.

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  Posted by u/ one year ago

HashKey To Offer BTC and Ether Retail Services In Hong Kong As The Battle For Asian Market Intensifies

Asian digital asset exchange HaskKey will now offer Bitcoin (BTC) and Ethereum (ETH) crypto trading to its retail clientele in Hong Kong.

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  Posted by u/ one year ago

How correlated is MicroStrategy stock to the Bitcoin price?

Kay Takeaways 1 in every 127 Bitcoins are owned by MicroStrategy The stock price tracks the price of Bitcoin remarkably well Despite price correlation, there are additional risks to the stock, while it violates the “not your keys, not your coins” mantra For investors unable to purchase Bitcoin directly, however, it does provide an alternative […]

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  Posted by u/ one year ago

FTX reports a cybersecurity breach involving its claims agent Kroll

Kroll is acting as the claims agency for FTX in the ongoing bankruptcy case. Kroll is in contact with the affected individual. FTX is seeking to increase its crypto holding through selling, staking and hedging with the help of Galaxy Digital. Defunct cryptocurrency exchange FTX has reported that its bankruptcy case claims agency, Kroll, had […]

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  Posted by u/ one year ago

Avalanche price prediction: Brace for more AVAX dilution

Avalanche’s token has been in a strong bearish trend in the past few months. The token will remain under pressure ahead and after the latest token unlock. Avalanche price came under intense pressure ahead of the token unlock event scheduled for Friday. The AVAX token was trading at $10 on Friday, a few points above […]

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  Posted by u/ one year ago

Whale moves millions of XRP tokens to Bitstamp

At press time, Ripple (XRP) was trading at $0.5149, down 1.64% in the past 24 hours. The XRP trading volume has dropped by 4.56% today as fears of XRP’s future continue. The Court allowed the US SEC to appeal the Ripple (XRP) case. Investors appear to be liquidating their positions as Ripple (XRP) struggles to […]

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  Posted by u/ one year ago

PEPE continues to slide: trillions of tokens sent to exchanges

At press time, PEPE was trading at $0.0000008854, down 18.06% in 24 hours. The token dropped to a low of $0.0000008058 after news of trillions of token movement emerged on August 24. The tokens were moved to Binance and OKX among two other major exchanges. On Wednesday morning, PepeCoin (PEPE) plunged after millions of dollars […]

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  Posted by u/ one year ago

Num Finance launches stablecoin pegged to Colombian Peso on Polygon

Num Finance’s new stablecoin nCOP adds to the nARS and nPEN pegged on Argentina Peso and Peruvian Sol. Colombia is one of Latin America’s top remittances markets with nearly $6.5 billion of inflows. Num Finance, a stablecoin issuer focused on the Latin America market, has launched a new stablecoin pegged to the Colombian Peso. The […]

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  Posted by u/ one year ago

Magnate Finance?s $6.4M scammers linked to Solfire and Kokomo rug pulls

Magnate Finance rug pull is connected to Solfire and Kokomo Finance scams, blockchain sleuths say. The deployer address of the Base-based protocol was the same in the $4.8 million and $5.5 million scams respectively. On-chain sleuths have linked the deployer address of Magnate Finance, the DeFi protocol on Base that just rug pulled with $6.5 […]

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  Posted by u/ one year ago

Optimism Foundation proposes a 118M OP grant to Base

The Optimism Foundation and Coinbase-backed layer-2 platform Base eye shared governance of OP Chains. Base will receive 118 million OP token spread over six years. The Optimism Foundation and Base, a Layer 2 on the OP Stack, are looking to cooperate further in the quest to enhance security, scalability and decentralisation in the Optimism Collective […]

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  Posted by u/ one year ago

JPMorgan analyst says weakness in Bitcoin ?appears to be at its end phase?

Nikolaos Panigirtzoglou is convinced that worst is behind us in Bitcoin. He agreed that there recently have been positive news in crypto market. Price of a Bitcoin has declined nearly 17% in less than two months. A JPMorgan analyst is convinced that the worst is behind us as far as the ongoing decline in the […]

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  Posted by u/ one year ago

NFT Collector: Giant Swan?s gothic VR dreamscapes? royalty nightmare on OpenSea

Melbourne NFT artist Giant Swan used to sit in his car crying because he didn?t fit in. Now he?s found his place as a gothic VR dream creator

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  Posted by u/ one year ago

FTX, BlockFi, Genesis Customer Data Compromised in Kroll Hack

A ?cybersecurity incident? affected Kroll, which gathers customer claim data on behalf of bankrupt companies.

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  Posted by u/ one year ago

Binance Is Contacting Low-Cap Crypto Projects in Bid to Boost Trading

The crypto exchange is conducting a "risk management initiative" targeting some crypto projects with a relatively small market capitalization or whose tokens form lower-liquidity trading pairs.

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  Posted by u/ one year ago

JPMorgan Sees Limited Downside for Crypto Markets in the Near Term

News that Elon Musk?s SpaceX had liquidated its bitcoin holding in the previous quarter acted as an additional catalyst for the correction in crypto markets in August, the report said.

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  Posted by u/ one year ago

Prime Trust Lost $8M in Doomed Terra Stablecoin Investment, CEO Says

A separate 2021 wallet bungle by the crypto custodian, taken into receivership in July, cost it $76 million, the CEO said in a court filing.

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  Posted by u/ one year ago

First Mover Americas: Bitcoin Clings to $26K as Investors Await Powell?s Speech

The latest price moves in bitcoin (BTC) and crypto markets in context for August 25, 2023. First Mover is CoinDesk?s daily newsletter that contextualizes the latest actions in the crypto markets.

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  Posted by u/ one year ago

Tokenization Could Improve Bond Market Efficiency, Hong Kong Regulator Says

A successful $100 million tokenized green bond issuance earlier this year has convinced the Hong Kong Monetary Authority to continue exploring tokenization to improve financial markets.

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  Posted by u/ one year ago

U.S. Crypto Tax Proposal Lets Miners Off the Hook, Snares ?Some? Decentralized Exchanges

The U.S. Treasury Department has finally unveiled its definition of a "broker" for the crypto industry, defining how crypto companies and investors will need to meet tax reporting obligations and answering a years-old question over whether decentralized finance platforms and miners will need to gather their users' personal data.

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  Posted by u/ one year ago

Default of Tokenized Loans on Centrifuge Puts MakerDAO?s Investment at Risk

DeFi giant MakerDAO has lent $1.8 million of DAI stablecoin to the tokenized credit pool under distress.

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  Posted by u/ one year ago

Celsius Token Holders Lose Bid to Hike CEL Valuation

Creditors of the bankrupt crypto lender argue it should be valued at $0.80, its nominal price when the company collapsed, despite allegations of market manipulation

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  Posted by u/ one year ago

Fed's Powell at Jackson Hole: Prepared to Raise Rates Further if Appropriate

Market participants were looking to Friday morning's speech to gauge the future direction of the U.S. central bank's monetary policy.

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  Posted by u/ one year ago

Sweeping U.S. Tax Proposal Met With Boos From Crypto World

An immediate burst of criticism from the crypto industry shows the U.S. Treasury Department?s new proposal on how to handle digital assets taxes will face a long road as it enters a months-long period of public comments and hearings.

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  Posted by u/ one year ago

Binance Delists Sanctioned Russian Banks From Peer-to-Peer Service

Binance has cut ties with five sanctioned Russian banks that were listed on the exchange?s peer-to-peer service to let users transfer funds in rubles, the country?s native currency.

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  Posted by u/ one year ago

Bitcoin Dips Below $26K, Smaller Cryptos Head Lower on Fed's Powell's Hawkish Remarks

Federal Reserve chair Powell speaking at Jackson Hole doubled down on keeping financial conditions tight, including hiking interest rates further if needed.

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  Posted by u/ one year ago

Jackson Hole: Where Fed Policy Is Decided on the Fly

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  Posted by u/ one year ago

Justin Sun: The Next Do Kwon or Sam Bankman-Fried?

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  Posted by u/ one year ago

When Did Privacy Become a Bad Word?

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  Posted by u/ one year ago

Visa And Mastercard Distancing Themselves From Binance Unlikely to Hurt the Crypto Exchange: Experts

The decision comes only weeks after Binance has been grappling with multiple legal challenges in the U.S.

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  Posted by u/ one year ago

BONE Completely Dominates Other Memecoins, Up More Than 17% On Day

After a successful launch on August 16, Shibarium, the latest blockchain endeavor, has generated remarkable attention within the crypto community and its utility token, BONE. Currently, the token's price has experienced a resurgence, witnessing a more than 10% increase over the last 24 hours, reaching $1.38.

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  Posted by u/ one year ago

Spain Introduces AESIA, Redefining AI Regulation

Spanish Council of Ministers has given the green light to a groundbreaking initiative - the establishment of the Spanish Artificial Intelligence Regulatory Agency (AESIA).

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  Posted by u/ one year ago

DWF Labs Secures 10M FETs, Elevates As Top 21 Holder!

DWF Labs has seized the spotlight by amassing a substantial reserve of 10 million FETs, with a market value reaching approximately $2.016 million.

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  Posted by u/ one year ago

Decoding Meme Coins: Can Elonator Outrace Floki Inu & Follow Shiba Inu?s Path To Triumph?

Witness the journey of meme coins Floki Inu, Shiba Inu, and Elonator. Discover ETOR?s potential to mirror SHIB?s crypto success despite FLOKI?s surge.

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  Posted by u/ one year ago

Hong Kong STO Regulation Circular Expected by Year End!

Xiao Feng, the esteemed President of HashKey Group, delivered a thought-provoking address during the distinguished "Hong Kong Cryptocurrency Summer Forum."

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  Posted by u/ one year ago

JPMorgan Predicts ?Limited Downside? for Crypto Markets Near-Term

JPMorgan have eased concerns about the tumultuous period, suggesting that the challenging stretch is likely behind us.

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  Posted by u/ one year ago

Korean Cryptocurrency Exchange Gopax Nears Acquisition Deal Amidst Equity Sale Contract Reports

Gopax is reportedly in the final stages of an acquisition deal following the signing of an equity sale contract. 

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  Posted by u/ one year ago

Default On Centrifuge Tokenized Loan Threatens MakerDAO?s $1.84M Investment

Because of the default on the tokenized loan from Centrifuge, an investment of $1.84 million on MakerDAO is at risk.

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  Posted by u/ one year ago

Upbit?s Operator ? Dunamu?s Q2 Report Reveals Significant Year-on-Year Sales Drop

Dunamu, the operator of South Korean cryptocurrency exchange Upbit, released its second-quarter financial report, showing a significant sales fall from last year. 

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  Posted by u/ one year ago

U.S. Treasury And IRS Introduce Proposed Regulations For Digital Asset Broker Reporting

The U.S. Treasury Department and IRS have suggested restrictions for brokers' digital asset sales and trading to improve tax compliance. 

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  Posted by u/ one year ago

South Korean Central Bank Set to Unveil CBDC 'Blueprint' Next Month

The South Korean central bank, the Bank of Korea (BOK), is set to showcase a \x9cblueprint\x9d for its CBDC in September as the nation looks to speed up the progress of its digital KRW.

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  Posted by u/ one year ago

Tether maintains $3.3B in liquidity cushion: USDT transparency report

The total assets under Tether stand at $86.1 billion with total liabilities amounting to $82.8 billion ? thus confirming a reserve backing of over 100%.

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  Posted by u/ one year ago

Today in Crypto: HashKey to Start Offering Crypto Trading to Retail Clients in Hong Kong, ARK Invest & 21Shares Apply for Futures ETFs, Prime Trust Lost $8 million of Client & Treasury Funds in a TerraUSD Investment

Get your daily, bite-sized digest of cryptoasset and blockchain-related news.

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  Posted by u/ one year ago

Tether Reserves Report: USDT Maintains Dominance With $86.1 Billion Total Assets, Over 100% Reserve-Backed

Stablecoin issuer Tether posts its total assets at $86.1 billion as it maintains its leading market share despite growing competition and uncertain regulatory conditions.

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  Posted by u/ one year ago

Tether Reserves Report: USDT Maintains Dominance With $86.1 Billion Market Cap, Over 100% Reserve-Backed

Stablecoin issuer Tether posts its total market capitalization at $86.1 billion as it maintains its leading market share despite growing competition and uncertain regulatory conditions.

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  Posted by u/ one year ago

Judge denies stakeholders request for representation in Celsius bankruptcy case

The judge also declined to declare CEL token ?not a security,? despite related rulings in the SEC vs Ripple case.

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  Posted by u/ one year ago

Embattled Crypto Lender Vauld to Name a New CEO

Vauld's co-founder Darshan Bathija said the firm will hire a new CEO, a creditor representative, and a scheme manager.

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  Posted by u/ one year ago

Stablecoin Pegged to the Colombian Peso Targets Multi-Billion Dollar Market

The Argentinian fintech firm has previously launched stablecoins for Argentine and Peruvian markets.

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  Posted by u/ one year ago

Binance to Terminate Crypto Debit Cards for LatAm and Middle East Users Next Month

Binance provided no further information about why the debit card was terminated and when/if the affected users should expect another card.\xa0

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  Posted by u/ one year ago

Will The Fed Raise Rates Again? Powell Remains Fixated On 2% Inflation Target

The market now predicts that another rate hike will occur before the end of the year.

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