Three Nigerian nationals are accused of using money laundering proceeds to buy bitcoin worth over $43 million from cryptocurrency exchange platforms like Binance and Busha. The trio is accused of moving an equivalent of over $215 million from Nigeria to Kenya between October and November 2020. Powerful Kenyan Politician Assists the Alleged Money Launderers The…
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The Wikimedia Foundation, the body that operates the user-created web-based encyclopedia Wikipedia, has announced that it will no longer accept crypto donations. … Read More: 232 Wikipedia Users Force the Online Encyclopedia to Ditch Bitcoin, Ethereum, and BCH Donation Options Read more »Pay, Trade, Buy Bitcoin with Credit Card
Bitcoin price extended its decline below the USD 38,200 level but it found support near USD 37,500 and move higher again. BTC is currently (04:09 UTC) trading above USD 38,700 and is up almost 2% in a day and is down 2% in a week. On the upside, the bears might remain active near…
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“If you told me you own all of the Bitcoin in the world and you offered it to me for $25 I wouldn’t take it because what would I do with it?” Warren Buffett said. Billionaire investor Warren Buffett has once again slammed Bitcoin (BTC), asserting he “wouldn’t take” all of the BTC in the…
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The Wikimedia Foundation decided it has had enough of crypto as 71% decided to ban all digital asset donations and to close its BitPay account. The Wikimedia Foundation, which backs Wikipedia, will shut down its BitPay account and has announced it will stop accepting cryptocurrency donations based on community feedback. The decision to end crypto…
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The U.S. central bank will make what is becoming a monthly dictation of what markets do this week with a new rate hike announcement. Bitcoin (BTC) starts a new week with much to make up for after its worst April performance ever. The monthly close placed BTC/USD firmly within its established 2022 trading range, and…
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NFT minting bots on Solana contributed over 4 million transactions per second, knocking validators out of consensus and crashing the network for around seven hours. The Solana network suffered a seven-hour outage overnight between Saturday and Sunday due to a large number of transactions from the nonfungible token (NFT) minting bots. A record-breaking four million…
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Otherdeed NFTs top the “burn leaderboard” over the past seven days at roughly 55,816 ETH, or 56% of all burns during that period. The burning rate of Ethereum has spiked to new all-time high (ATH) levels following the heavily anticipated sale of tokenized land plots in Yuga Labs’ upcoming Metaverse project the “Otherside.” Yuga Labs,…
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The revenues accrued by the Ethereum network rose by 46% from $1.6 billion to $2.4 billion during the first quarter of 2022. Contributing to the growth in the network’s revenues were non-fungible token (NFT) marketplace sales, which rose by more than 19,000% during the period under review. ETH Inflation Rate Drops to 0.51% Ethereum’s revenues…
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PRESS RELEASE. NFTs are not a temporary trend. NFTs are here to stay. Although analysts are still in the process of realizing the full potential that the technology behind ‘Non-fungible tokens’ offers, much is already clear. Beyond being used to certify the authenticity of artwork, the applicability of NFT technology extends to many other fields…
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