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Bitcoin
Nigerian Bank Reportedly Freezes Accounts Belonging to 500 USDT Traders
A Nigerian bank has reportedly blocked bank accounts belonging to some 500 digital asset traders. The affected accounts are said to have received a portion of the more than $10 million that was stolen from Access Bank by hackers between May…
‘Bond King’ Bill Gross Predicts Q4 Recession: Loan Delinquencies and Regional Banks in the…
Bill Gross, revered as Wall Street’s ‘Bond King,’ foresees a recession clouding the U.S. economy by the year’s final quarter. He pinpoints the burgeoning issue of overdue car payments and the financial strains…
Bitcoin Futures Open Interest Skyrockets Amid Rising Market Enthusiasm and ETF Anticipation
Bitcoin futures open interest (OI) has surged dramatically within the last day, with CME Group’s OI reaching an impressive 100,000 bitcoin, equivalent to $3.4 billion. This isn’t an isolated event; platforms such as Binance,…
Bitcoin Is Not Gold – Why Spot ETF May Not Be ‘Sell the News’ Event: EY’s Brody
The consulting firm's global blockchain leader discussed his bullish outlook in a CNBC appearance.
Bitcoin’s Meteoric Rise to $35,000 Erases $232M in Short Positions in Just 24 Hours
On October 24, 2023, bitcoin (BTC) experienced a robust 13% surge during the early morning trading hours, Eastern Time (ET). This rise catapulted bitcoin’s value to $35,108 per unit, propelling the entire cryptocurrency market…
Biggest Movers: XRP Extends Recent Gains, Rising to 8-Week High
XRP rose for a fourth straight day on Tuesday, as overall sentiment in the market was mostly bullish. The global crypto market cap is nearly 10% higher at the time of writing, with the likes of bitcoin trading at a 17-month high. Cardano…
With Over 50% Market Share, Bitcoin’s Dominance Echoes Its 2021 Peaks
Recent data reveals a surge in bitcoin’s dominance, a measure of its market capitalization in relation to the entire cryptocurrency sphere, reaching peaks not observed since February 2021. Present figures demonstrate that bitcoin…
On the Road to Yuan Internalization: Petrochina Completes First Digital Yuan Settlement
Petrochina, the largest Asian oil and gas producer, has completed a settlement using the Chinese central bank digital currency (CBDC), the digital yuan. The operation, which involved a purchase of 1 million crude barrels through the…
Mexican Billionaire Advocates Bitcoin for Wealth Protection — ‘People Need to Realize They’re Being…
Mexican billionaire Ricardo Salinas sees bitcoin as a way to protect against inflation tax because the cryptocurrency cannot be debased. “People’s savings are being taken from them without their permission, without their…
Tesla CEO Elon Musk Calls for ‘Comprehensive Deregulation’ After Predicting SEC Overhaul
Billionaire Elon Musk, the CEO of Tesla and Spacex, has underscored the need for “comprehensive deregulation.” He made this call in response to several actions by the U.S. Securities and Exchange Commission (SEC) that he…