Category: Cryptocurrency

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Elizabeth Warren and 100 Lawmakers Push Biden on Crypto-Terrorism Action, Despite Less Than 1% Illicit Use

October 18, 2023

Elizabeth Warren, the Democratic senator from Massachusetts, is alarmed by the potential of crypto-fueled terrorism. She has rallied over 100 policymakers and approached the Biden administration, urging the executive branch to tackle this pressing issue. The news follows Warren’s recently introduced “Digital Asset Anti-Money Laundering Act.” Warren Leads Charge Against Crypto’s Role in Terrorism; Seeks…
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Galaxy Digital CEO Mike Novogratz Foresees Spot Bitcoin ETF Approval in 2023

October 18, 2023

Galaxy Digital CEO Mike Novogratz expects a spot bitcoin exchange-traded fund (ETF) to be approved in 2023. “It’s going to get approved, we think it happens this year,” the American investor said on Wednesday. Billionaire and Crypto Investor Mike Novogratz Say There’s Been a ‘Huge Psychological Shift’ After predicting in August, Galaxy Digital CEO Mike…
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Bitcoin Miners Sail Through Over 400 Difficulty Changes With 13 More Anticipated Before the Halving

October 18, 2023

In 189 days or 27,000 blocks, Bitcoin’s block reward is anticipated to halve. Within this period, around 13 adjustments in Bitcoin’s difficulty are expected. The network’s difficulty indicates the complexity of finding a hash below a particular target, essentially representing the computational power needed to mine a block. This self-regulation, embedded in Bitcoin’s code, ensures…
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Report: Namibian Police Arrest 20 Ringleaders of Local Pig Butchering Crypto Scam

October 18, 2023

Police in Namibia recently arrested 20 individuals who are accused of running a so called “pig butchering” cryptocurrency scheme which targeted U.S. citizens. According to the police, the more than 80 young Namibians who worked for the scammers were promised a monthly salary of $160. Young Namibians Recruited The Namibian police are reported to have…
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Bitcoin, Ethereum Technical Analysis: BTC Bulls Secure Gains, Following a Recent Multi-Month High

October 18, 2023

Bitcoin stalled in today’s session, as traders consolidated gains, following a recent two-month high. The global market cap is trading 0.01% lower as of writing, with the cryptocurrency remaining above the $28,000 level. Ethereum has been marginally higher, and continues to hover around the $1,580 region. Bitcoin Bitcoin bulls consolidated recent gains on Wednesday, as…
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Crypto Tokens MOON and BRICK Plunge as Reddit Sunsets Community Points

October 18, 2023

On Tuesday, the social news hub Reddit unveiled that it would be drawing the curtains on the Community Points project. This revelation promptly sent two cryptocurrency coins from r/cryptocurrency and r/fortnite spiraling downward, showcasing a notable dip in value following the news. This development also irked a multitude of Redditors, with conversations surrounding the plan…
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South Korean Crypto Exchange Upbit Obtains Regulatory Approval in Singapore

October 18, 2023

Leading South Korean crypto exchange Upbit has been granted regulatory approval by Singapore’s main financial regulator. The authorization will allow the trading platform to provide regulated services in the Southeast Asian city-state which has established itself as a crypto hub. Upbit Singapore Gets In-Principle Approval for Major Payment Institution License The Singapore subsidiary of cryptocurrency…
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Middle East regulatory clarity drives crypto industry growth — Binance FZE head

October 18, 2023

UAE, Dubai and Bahrain continue to attract major cryptocurrency exchanges and businesses due to their progressive regulatory approaches. Major cryptocurrency exchanges and businesses are being lured to a proverbial crypto oasis around the Persian Gulf, according to Binance FZE’s general manager. Alex Chehade, who heads Binance’s local operation in Dubai, tells Cointelegraph reporter Ezra Reguerra…
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Fed Governor Questions Need for US Central Bank Digital Currency

October 18, 2023

A top Federal Reserve official said Tuesday she has yet to be convinced there is a need for the U.S. central bank to develop a digital currency. Fed Governor Remains Unconvinced on U.S. CBDC, Cites Existing Innovations and Risks In a discourse at Harvard Law School, Fed Governor Michelle Bowman articulated that the case for…
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Report: Valr Partnership With Visa to Expand the Reach of the South African Crypto Exchange

October 18, 2023

The South African crypto exchange Valr said its partnership with the global card firm Visa is set to expand the former’s reach. The two companies said they would work on a solution that enables Valr customers to use the card firm’s network to make or receive payments. Harnessing Visa’s Vast Experience and Global Reach The…
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