Category: Cryptocurrency

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Blackrock / BTC Price Speculation, Musk Wants ‘Comprehensive Deregulation,’ Kiyosaki Not Trying to Be Warren Buffet — Week in Review

October 29, 2023

As speculation continues about a possible Blackrock spot bitcoin exchange-traded fund (ETF) approval, Elon Musk calls for “comprehensive deregulation” amidst United States Securities and Exchange Commission (SEC) regulatory turmoil, and Rich Dad Poor Dad author Robert Kiyosaki describes the kind of bitcoin investor he is, differentiating his investment style from that of billionaire Warren Buffet.…
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Trading Slump Wiped $12 Billion From Binance Founder’s Fortune, Bloomberg Says

October 29, 2023

Binance founder and CEO Changpeng Zhao (CZ) has reportedly lost nearly $12 billion from his wealth amid declining crypto trading volumes this year. According to Bloomberg’s estimates, the world’s largest trading platform for digital assets has seen a 38% decrease in revenues. Bloomberg Estimates CZ’s Wealth at Over $17 Billion in a Challenging Year for…
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SEC Wants $770 Million From Ripple — Lawyer Says SEC Is ‘Pissed and Embarrassed’

October 29, 2023

The U.S. Securities and Exchange Commission (SEC) reportedly wants Ripple to pay a $770 million penalty for violating securities laws. Crypto lawyer John Deaton explained that the securities regulator is “pissed and embarrassed” after it lost several legal battles against the crypto firm. SEC Wants $770M From Ripple Crypto lawyer John Deaton detailed on social…
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Sky-High Surges to Staggering Losses — Unpacking the Crypto Market’s 300-Day Journey

October 29, 2023

Year-to-date, the dynamic landscape of crypto data reveals a 106% surge in bitcoin (BTC) value against the U.S. dollar. However, it’s noteworthy that it does not clinch the title of the top performer in this period. A closer look at the metrics since the dawn of the year illuminates the impressive rise of several cryptocurrencies…
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Mark Cuban Explains What Crypto’s Really About — Says It’s Missing Application ‘Grandma Really Wants to Use’

October 29, 2023

Mark Cuban, a Shark Tank investor and the owner of the NBA team Dallas Mavericks, has shared what he thinks crypto is really about. “Crypto is still waiting for its Instagram moment,” the billionaire said, noting that “What crypto is missing is that one application that grandma really wants to use.” Mark Cuban Shares What…
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From Airbnb to Bahamas Elite — Bankman-Fried Testifies About FTX’s Operations and Alameda

October 28, 2023

Sam Bankman-Fried took the stand in his fraud trial on Friday, October 27, 2023, and was questioned by his lawyer about the operations of FTX and its relationship with affiliated crypto trading firm Alameda Research. Sam Bankman-Fried’s Trial Testimony Day 2 On Friday, Sam Bankman-Fried stated that FTX was “primarily a margin exchange” that allowed…
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Biggest Movers: LINK Nears 18-Month High on Saturday, as Bulls Extend Momentum

October 28, 2023

Chainlink moved towards an 18-month high to start the weekend, following a second day of bullish momentum. The cryptocurrency rose by as much as 7% in today’s session, despite the global market cap mostly consolidating on Saturday. Cardano also rallied, nearing a multi-month high of its own. Chainlink (LINK) Chainlink (LINK) made considerable gains to…
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Bitcoin Miners Brace for 4th Consecutive Difficulty Rise Amidst Hashrate Surge

October 28, 2023

Despite facing a formidable difficulty level of 61.03 trillion, bitcoin miners are gearing up for their fourth consecutive difficulty rise set to unfold on October 30, 2023. Surprisingly, the previous three surges in difficulty failed to thwart Bitcoin’s hashrate, which soared to an all-time peak on October 12, 2023. What’s even more interesting is that…
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FDUSD’s Meteoric Rise: 62% Surge in Supply and 6th Highest Trading Volume Globally

October 28, 2023

In the span of the past 85 days, the recently introduced stablecoin known as FDUSD has witnessed a significant surge in its circulating supply, soaring by 62% since the commencement of August. This surge in supply has propelled FDUSD into the echelons of the top ten stablecoins by market capitalization, while its market volume share…
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State Channels ‘Significantly Reduce Congestion and Transaction Fees,’ Ideal for Decentralized Exchanges — Louis Bellet

October 28, 2023

According to Louis Bellet, the founder of the Layer-3 peer-to-peer protocol Yellow Network, crypto trading has not scaled largely because it remains unregulated in many places which in turn “greatly slows down its growth and produces tons of scams.” In contrast, traditional finance (tradfi) is widely seen as “a well-oiled machine” and this according to…
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