Fri, March 29, 2024

Cryptocurrencies

Bitcoin outflows surge to 100K BTC monthly

Salvadorans Skeptical on Declaring Bitcoin as Legal Tender

El Salvador’s President, Nayib Bukele, introduced a law last month to make Bitcoin legal tender. On June 9, the Salvadoran Legislative Council passed the bill. During all the excitement around the move, it appears that the majority of the country’s residents do not approve of this. Relatively few are sharing the President’s optimism about Bitcoin. …

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stablecoin, Digital currencies on October 10

What threats Stablecoins pose to financial systems?

While Visa and other large private payment networks consider stablecoins promising, China’s central bank believes they pose substantial hazards to global financial institutions. According to a senior official, the Chinese central bank is “quite concerned” about the global financial dangers related to digital currencies, notably stablecoins. According to CNBC, Fan Yifei, a deputy governor of …

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Largest cryptocurrency exchange and crypto data site, binance

The final decision: Binance gets banned in the UK

Binance is one of the major cryptocurrency exchanges worldwide. However, the exchange received a warning from the Financial Conduct Authority, causing Binance to get banned in the UK. Binance is one of the largest crypto exchanges globally, founded in 2017. It offers a platform to trade numerous cryptocurrencies. Binance has headquarters in the Cayman Islands. …

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Binance KR and its operations

Binance reactivates its platform after U.K. regulator’s ban

The cryptocurrency exchange Binance has been banned from operating in the United Kingdom by the country’s market regulators. This is the latest sign of the global crackdown on the cryptocurrency market. On Saturday, the U.K. Financial Conduct Authority said that Binance Markets Limited, Binance’s U.K. branch of Binance, should not cooperate in any regulated activity …

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Miners' exudes in China causes decentralization problems

Miners’ exudes in China causes decentralization problems

China’s recent mining crackdown has considerably eased Bitcoin’s reliance on large-scale mining infrastructure and geographic concentration. In May 2021, China announced that it would take strict measures against cryptocurrency mining and trading to deal with financial risks. The country’s crackdown on cryptocurrencies is not new but instead reiterated its previous stance on the dangers of …

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The Bitcoin Collapse, crypto

BTC China closes its business due to recent crypto crackdown

BTCC, One of China’s longest-running cryptocurrency exchanges has shut down its Bitcoin business. The company’s decision came after China’s latest anti-cryptocurrency crackdown. BTC China, founded by Huang Xiaoyu and Yang Linke in 2011, said on Thursday that it has completely withdrawn from Bitcoin-related businesses. The company’s shares in the Singapore-registered Bitcoin exchange ZG.com were sold …

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How Quant price recovered by 125% this week?

How Quant price recovered by 125% this week?

After Coinbase was successfully listed and recognized by well-known technology companies, the cost of Quant (QNT) rose by 125%. It managed to overcome the bearish market trend. When evaluating the long-term prospects of a cryptocurrency project, real-world use cases and delivered value are essential. Despite the overall market downturn, one project that has gained momentum …

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CoinGecko and Hacken, cryptocurrency

Andreessen Horowitz triples crypto funding with $2.2 billion

Today, Anderson Horowitz (a16z), one of the most famous venture capital firms in Silicon Valley, announced a new $2.2 billion crypto fund. This tool is the third of its kind for the venture capital giant headquartered in Menlo Park, California. The company has already managed US$865 million through two early funds and combined its total …

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Some wealthy South Koreans' crypto assets have been seized, south korea crypto

Some Wealthy South Koreans’ Crypto Assets Have Been Seized

South Korean officials confiscated more than 53 billion won (US$47 million) of cryptocurrency from 12,000 people accused of tax evasion. The government of Gyeonggi Province said that the seizures were part of a months-long investigation on Wednesday. Officials call this the most prominent “cryptocurrency seized for tax owing” in South Korea’s history. According to the …

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Bitcoin drops by 10% as China makes anti-crypto moves

Bitcoin drops by 10% as China makes anti-crypto moves

As China’s crackdown on cryptocurrencies deepened, Bitcoin fell to a two-week low. The largest digital currency dropped by 10% to $32,350. Ether, the second-largest cryptocurrency, fell by 13% too and reached US$1,950. On Monday, China announced it would gather the officials from its biggest bank to participate in a meeting. The subject of discussion for …

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DOGE race car crashes while the coin drops sharply too

DOGE race car crashes while the coin drops sharply too

The Dogecoin-themed race car crossed the finish line after hitting the wall on Saturday. It hilariously seemed to be the perfect metaphor for DOGE’s weekend performance. The NASCAR Xfinity Series race held in Nashville on Saturday ended with a Dogecoin-sponsored car disaster. Stefan Parsons drove a Chevrolet Camaro with the DOGE logo and hit the …

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