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Bitcoin
Crypto Bulls Hit by $300M in Liquidations as Bitcoin, Ether Buckle on Fizzling ETF Momentum
Tuesday's sharp decline in crypto prices spurred the largest daily leveraged long liquidation since August, CoinGlass data shows.
Foresight Ventures Acquires Majority Stake in The Block
Foresight Ventures, a Singaporean Web3 VC firm, has announced it acquired a majority stake in The Block, a cryptocurrency-focused news outlet. The deal, which values The Block at around $70 million, will allow the news platform to purchase…
Bitcoin Drops 4% to $35K Despite Soaring Tradfi Markets, But Analysts Remain Optimistic
An unexpected slowdown in inflation sent stock and bond markets sharply higher, but crypto was left out, possibly due to declining enthusiasm about the imminent approval of a spot bitcoin ETF.
Dapper Labs Partners With Disney to Launch NFT Pin-Collecting Platform
Dapper Labs, known for its non-fungible token (NFT) collection NBA Top Shot, has unveiled Disney Pinnacle, its latest endeavor. This new platform is set to transform the traditional pin-collecting hobby into a digital experience, featuring…
Hive Bolsters Mining Power With Purchase of 4,800 Bitmain S19k Bitcoin Miners Ahead of 2024 Halving
On Tuesday, Hive Digital, a bitcoin mining company based in Vancouver, revealed its acquisition of 4,800 Bitmain S19k Antminer mining rigs. Hive stated that this purchase is intended to strengthen the firm and strategically position it for…
October’s Inflation Report: Shelter Prices Up, Gasoline Plummets — Mixed Market Reactions Follow
On Tuesday, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in October, following a 0.4% increase in September. Over the past year, the all-items index rose 3.2%…
XRP Technical Analysis: Market Navigates Rumor-Induced Volatility
In the wake of recent market rumors about Blackrock’s involvement with XRP, the cryptocurrency’s price experienced significant volatility. Today, XRP stands at $0.654, reflecting a dynamic interplay of market forces and…
Ripple Partners With Onafriq to Enable Faster Cross Border Payments to Africa
Ripple and the Africa-focused payment fintech startup Onafriq recently said they are collaborating to enable crypto-based cross-border payments between Africa and the Gulf Cooperation Council (GCC), the U.K., and Australia. Using…
Swan Bitcoin to Terminate Accounts Interacting With Bitcoin Mixing Services
Swan Bitcoin, a bitcoin exchange platform, announced recently that it would terminate accounts of users directly interacting with mixing services. The company explained that this was due to the pressure from banking institutions after the…
CVM Chief: Brazilian CBDC Drex to ‘Kill’ Many Cryptocurrencies
João Pedro Nascimento, president of the Brazilian Securities and Exchange Commission (CVM), believes that drex, the Brazilian central bank digital currency (CBDC), will “kill” many cryptocurrencies. While established…