Author name: Peter

The Growing Market Value of Stablecoins: A Multi-Billion-Dollar Expansion

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Introduction In the past few weeks, leading stablecoins have witnessed a significant increase in market value. The total economy of these fiat-pegged tokens has grown from $123.66 billion to $129.14 billion, marking a substantial growth of nearly $6 billion. This growth comes after the stablecoin industry experienced a decline of tens of billions in the […]

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JPMorgan: Approval of Spot Bitcoin ETFs Could Impact Bitcoin Prices

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Introduction JPMorgan, a global investment bank, has warned that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could have a significant impact on bitcoin prices. The bank's analysts predict that the conversion of Grayscale Investments' bitcoin trust (GBTC) into a spot bitcoin ETF could lead to billions

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Former Binance CEO CZ Seeks Dismissal of Motion to Prevent UAE Return

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CZ Opposes U.S. Government's Motion Former Binance CEO Changpeng Zhao (CZ) has filed an opposition to the U.S. government's "motion for review" of the judge's ruling on his "presentencing travel restrictions." The government had charged Zhao with "failing to maintain an effective anti-money laundering program" and had also filed a parallel Information against Binance for

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Bitcoin Technical Analysis: Bulls Eye $38K Amid Stiff Resistance

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Introduction Bitcoin's price on November 24, 2023, reflects a steady rise in value, standing at $37,903. Over the past 24 hours, BTC has fluctuated between $36,972 and $38,078, with a trading volume of $17.41 billion, signaling strong market activity to end the week. The crypto asset's market capitalization is currently coasting along at $737 billion.

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Wallet of Satoshi Ceases Operations in the United States

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Wallet of Satoshi Halts U.S. Operations Wallet of Satoshi (WoS), a provider of Lightning Network payment services, has announced its departure from the U.S. market. The Australian-based company, founded by Daniel Alexiuc in 2018, offers an iOS and Android application for managing bitcoin (BTC) and Lightning Network transactions. The decision to remove the WoS app

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ECB Chief Christine Lagarde Reveals Her Son’s Crypto Investment Despite Her Warnings

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Christine Lagarde's Son Ignores Her Crypto Investment Advice During a town hall with students in Frankfurt, Christine Lagarde, the President of the European Central Bank (ECB), shared that her son disregarded her warnings and invested in cryptocurrency. Despite losing approximately 60% of his investment, Lagarde's son only acknowledged her advice after the loss. Lagarde's Skepticism

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Blast: The New Ethereum Layer Two (L2) Platform Making Waves with $400M Lockup

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Introduction The crypto community is buzzing with excitement this week as Blast, a new Ethereum layer two (L2) platform, emerges into the spotlight. With a notable $20 million in funding secured from investors like Paradigm and Standard Crypto, Blast is gaining prominence in the industry. Developed by Pacman, the entrepreneur behind the popular non-fungible token

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Do Kwon Faces Extradition Dilemma: Montenegro’s Justice Minister to Decide Between US and South Korea

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Judge Will Decide on Do Kwon’s Extradition In a decision made by the Podgorica High Court, Do Hyeong Kwon, also known as Do Kwon, former CEO of Terraform Labs, is facing extradition after serving a four-month sentence in Montenegro for falsifying travel documents. The United States and South Korea have both requested his extradition, and

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SEC Delays Decision on Global X Bitcoin Trust’s Spot Bitcoin ETF

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Delay in Approving Global X Spot Bitcoin ETF The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision on the application of Global X Bitcoin Trust to list a spot bitcoin exchange-traded fund (ETF). This delay, disclosed on November 17, 2023, adds to the ongoing uncertainty surrounding spot bitcoin ETFs. Global

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