Category: Cryptocurrency

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2023 Centralized Crypto Exchange Study Highlights Winds of Change Among Top 10 Platforms

In a report by the crypto market aggregation web portal Coingecko, Binance retains its crown in the centralized cryptocurrency exchange arena, but not without facing fierce competition and challenges. Binance Leads But Not Without Contenders, Says Coingecko’s Mid-Year Crypto Study According to the Coingecko research report, Binance continues to dominate the centralized cryptocurrency exchange market…
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Biggest Movers: DOGE, XRP Fall to Multi-Week Lows, as Bearish Sentiment Intensifies

Dogecoin dropped to a one-month low on Wednesday, as a red wave swept through cryptocurrency markets. Bearish sentiment remained high as the session progressed, with the global market cap falling by nearly 2% today. XRP also plunged in today’s session. Dogecoin (DOGE) Dogecoin (DOGE) fell for a fourth straight session, as bears continue to regain…
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Singapore Announces Stablecoin Rules, MAS to Label Regulated Tokens

The Monetary Authority of Singapore (MAS) unveiled regulations aimed at ensuring the value stability of each stablecoin regulated in the city-state. Under the new rules, issuers that want their fiat-pegged tokens to be labeled as “MAS-regulated” will have to meet certain requirements. Singapore to Require Stablecoin Issuers to Maintain Minimum Base Capital and Liquid Assets…
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Crypto Crashes and Climate Chaos: FDIC Highlights Key Banking Risks in 2023

The U.S. Federal Deposit Insurance Corporation (FDIC) flagged escalating risks from cryptocurrencies in its annual review of risks facing the banking industry. FDIC: Cryptos and Climate Top Risk List for Banks in 2023 Cryptocurrencies present “novel and complex risks” that are difficult to assess amid recent volatility, according to the report. Growth in crypto assets…
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Biggest Movers: SOL, TON Move to Multi-Week Highs on Tuesday

Solana was one of Tuesday’s big gainers, rising to a multi-week high following a ‘death cross’ of moving averages. The move came despite the global market cap falling marginally lower as of the time of writing. Toncoin was another notable mover, rising for a sixth-straight day. Solana (SOL) Solana (SOL) surged higher on Tuesday, as…
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From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection

In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer, bolstered by a designated committee to steer the restructuring process. Crypto Custodian Prime Trust Files for Chapter 11 Bankruptcy Protection…
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Bitcoin, Ethereum Technical Analysis: BTC Unmoved by Better Than Expected US Retail Sales Data

Bitcoin mostly consolidated on Tuesday, as traders anticipated the release of July’s retail sales data from the United States. Sales rose by 0.7%, better than the 0.4% expected, and this comes following a 0.2% increase in June. Ethereum also remained unchanged prior to the data. Bitcoin Bitcoin (BTC) was trading in the red for the…
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Michael Burry’s Massive $1.6 Billion Short: Is A $DXY Collapse The Catalyst For A Crypto Bloodbath?

Michael Burry, renowned investor, and hedge fund manager, has once again made headlines with his significant short position in the traditional market, which could impact the nascent crypto industry if his bet is to materialize. Burry, known for accurately predicting the subprime mortgage crisis, recently went mega-short with over $1.6 billion in S&P 500 (SPY)…
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Revolutionizing Bitcoin Privacy: Samourai Wallet Unveils BTC to XMR Atomic Swaps

In a pioneering move, Samourai, the privacy-focused bitcoin wallet, has revealed a BTC to XMR atomic swap feature aimed at revolutionizing onchain privacy in Bitcoin. Addressing the widespread issue of tainted change, also known as leftover unspent transaction outputs (UTXOs) remaining from Whirlpool Coinjoins, this could represent a monumental advancement in the cryptocurrency landscape. Tackling…
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Bitcoin Price Outlook for August

Aside from last week’s move above $30,000, bitcoin has mostly consolidated below this level for the majority of August. Market volatility has eased, seemingly as a result of lower trading volumes due to the summer period. Despite this, history shows that bulls tend to return closer to the beginning of September. Current Market Status Bitcoin…
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