Author name: Peter

Crypto App Shakepay Discloses Data Breach Affecting a Small Number of Customers

Shakepay Takes Immediate Action to Address Data Breach In a recent announcement, Canadian crypto app Shakepay revealed that it had experienced a data breach that resulted in unauthorized access to the personal information of a specific group of its customers. The breach occurred on December 13, 2023, but fortunately, it did not impact any bank […]

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SEC Rejects Coinbase’s Petition for Regulatory Clarity in Crypto Industry

Coinbase Takes Legal Action against SEC's Decision The U.S. Securities and Exchange Commission (SEC) has rejected cryptocurrency exchange Coinbase's petition for regulatory clarity in the crypto industry. SEC Chairman Gary Gensler backs his agency's decision to deny Coinbase's petition. In response, Coinbase has pursued legal action against the securities regulator to challenge this decision. Coinbase

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Goldman Sachs Advises Against Expecting Immediate Surge in Bitcoin Price with Spot Bitcoin ETF Approval

Goldman Sachs on Spot Bitcoin ETF Hype Global investment bank Goldman Sachs has advised investors against anticipating a sudden and immediate surge in the price of bitcoin upon the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC). Nonetheless, Goldman Sachs highlighted that the "ability to actually transact a

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Howard Lutnick, Cantor Fitzgerald CEO, Confirms Business Relationship with Tether

Introduction Howard Lutnick, the CEO of Cantor Fitzgerald, a prominent Wall Street private financial services company, has recently confirmed the company's association with Tether, the largest stablecoin issuer in the cryptocurrency market. In an interview on CNBC's Money Movers, Lutnick expressed his admiration for Tether and revealed that Cantor Fitzgerald holds Tether's treasuries. This confirmation

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Bitcoin Technical Analysis: BTC’s Consolidation Phase Signals Cautious Market Approach

Bitcoin's Price and Market Overview As of December 15, 2023, Bitcoin (BTC) is priced at $42,696, with a 24-hour trading range of $42,067 to $43,329. The market capitalization of Bitcoin stands at $835 billion, supported by a significant 24-hour trading volume of $24.86 billion. Although BTC has experienced a 2.2% decline over the past week,

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The Current State of Ethereum Price and Market Analysis

Ethereum's Price and Market Capitalization As of December 15, 2023, the price of Ethereum (ETH) is $2,259. It is important to note that Ethereum holds a significant market capitalization of $271 billion, along with a 24-hour trade volume of approximately $17.54 billion. These figures highlight the substantial presence of Ethereum in the cryptocurrency economy compared

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The Importance of In-Kind Creation in Bitcoin ETFs: An Expert’s Perspective

The Call for In-Kind Creation A finance professor from Georgetown University has recently urged the U.S. Securities and Exchange Commission (SEC) to avoid micromanaging the creation and redemption process for spot bitcoin exchange-traded funds (ETFs). In a letter penned to the SEC, the professor emphasized the importance of adopting the in-kind creation method instead of

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If You Invest in Gold, You’re Dumb as F#ck – Billionaire Mark Cuban

Self-Directed gold IRAs are great because they allow you to make investments in gold and other precious metals and not have to deal with any middlemen. Actually, these accounts are so simple that your grandma could do it! When you buy physical silver, gold palladium, platinum and the rhodium coins, bars rounds, and bullion, you

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Bitget Predicts Bitcoin Price Surge to $100,000 and ORDI BRC20 Token’s Rise in the Next Bull Market

Bitget's Optimistic Outlook Bitget, a leading derivatives crypto exchange, has recently released a prediction report that paints a vibrant future for the Bitcoin ecosystem. According to Bitget researchers, the price of BTC has the potential to soar to $100,000 in the next bull market. Additionally, the report highlights the ascending ranks of the ORDI BRC20

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