Category: Crypto
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MoonPay, BitPay partner to simplify crypto transactions
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MoonPay, a web-based fintech company3, and BitPay, a cryptocurrency payments platform, have teamed up to simplify cryptocurrency transactions, with the aim of making the process more seamless. MoonPay announced via social media that the partnership will enable easier and faster cryptocurrency sales, simplifying how users transfer cryptocurrencies to their bank…
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Poloniex Hacker Transfers Over $3.3 Million Worth of ETH to Sanctioned Tornado Cash
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The hacker behind the attack on cryptocurrency exchange Poloniex in November 2023, recently transferred more than 1,100 Ethereum (ETH) to sanctioned cryptocurrency mixer Tornado Cash. The hacker sent ether in batches while still holding over $180 million in assets across different blockchains. Poloniex Hacker’s Laundry of 1,120 ETH according to…
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Over 20% Of Swing State Voters Weigh Digital Currency Policies Heavily
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As the political temperature rises in the United States ahead of the upcoming elections, cryptocurrencies are emerging as an important topic among voters in key contested states. Extensive online reconnaissance This campaign, led by the Digital Currency Group (DCG), has highlighted the growing importance of cryptocurrency politics in the electoral…
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Botanix Labs Secures $11.5 Million Funding to Develop Bitcoin-Native DeFi Ecosystem
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Botanix LaboratoriesA New York-based Bitcoin development startup founded at Harvard University announced a major funding of $11.5 million in a press release sent to Bitcoin Magazine. This funding round, led by notable investors including UTXO Management, Polychain Capital, Placeholder Capital, Valor Equity Partners, ABCDE, Andrew Kang, Dan Held, Dovi Wan,…
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Bitcoin Local Bottom In? Analyst Offers Insights
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In the ever-evolving world of cryptocurrency markets, identifying the bottom of a Bitcoin price correction is an endeavor that attracts the attention of both investors and analysts. Cryptocurrency analyst and trader MilkyBull joins the fray ideas On this topic, claiming that the local bottom of Bitcoin has developed due to…
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Starknet Foundation’s Announces $5 Million Grant Program For Upcoming Projects To Fuel Blockchain Innovation
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The Starknet Foundation’s new grant program is an important step forward in the quest to accelerate the development and deployment of blockchain-based solutions. With a total of $5 million in funding from USDC, the initiative is designed to support a wide range of projects at different stages of their life…
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Crypto operators not providing adequate disclosures
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After several notices from Wells, SEC Chairman Gary Gensler shared a letter regarding the cryptocurrency industry and its supposed non-compliance with federal laws. On May 7, the head of the US Securities and Exchange Commission told CNBC Squawk box Adding that cryptocurrency companies have failed to comply with disclosure requirements…
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New Crypto Casino TG.Casino Becomes Regional iGaming Partner of AC Milan
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Cryptocurrency casino platform TG.Casino and famous Italian football team AC Milan announced a new partnership this week. TJ casino advertisement In a tweet on May 6, @TCasino_ posted on X: “TG Casino is proud to officially announce our new partnership with AC Milan joining them as an iGaming partner in…
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Grayscale’s GBTC Halts Massive Outflow Streak With $4M Inflows
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The spot bitcoin ETF — GBTC — posted its second straight day of net inflows on Monday, attracting $4 million into the fund. In doing so, GBTC broke a four-month streak of outflows. This follows Friday’s reversal of a 78-day net outflow trend, with an additional $63 million. Since moving…
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Ethereum Spot ETF Approval Delayed: SEC Postpones Verdict on Invesco’s Proposal
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Pessimism surrounding the approval of Spot Ethereum ETFs is expected to increase with the US Securities and Exchange Commission (SEC) decision. to choose to delay its decision on the approval process for Invesco Galaxy’s ETH Spot ETF, adding to the uncertainty in the cryptocurrency market. SEC pushes Invesco’s ETF back…
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Hong Kong Bitcoin ETFs Record Only $8.5 Million Volume on First Day
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Recently approved Hong Kong spot bitcoin ETFs began trading today, but saw relatively low volume on their first day. The Hong Kong Securities and Futures Commission (SFC) approved 6 Bitcoin and Ethereum ETFs last week. New: ?? Hong Kong District Opening Ceremony #Bitcoin ETFs ? pic.twitter.com/ux1eb5PqRn – Bitcoin Magazine (@BitcoinMagazine)…
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Network Fires Back at Token Supply FUD
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Sui, a year-old top-tier Blockchain sweetheart, faces a harsh reality check. While celebrating its first anniversary on May 3, 2034, the network found itself embroiled in controversy over its token economy, and the design and distribution of its cryptocurrency, SUI. SUI symptom: a cause for concern? The fire was fanned…
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The Digital Chamber criticizes SEC over Wells notice to Robinhood Crypto
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The Digital Chamber, a trade association for the digital assets industry, criticized the SEC for issuing a Wells Notice to Robinhood Crypto. On May 6, the group Issued A statement expressing “deep disappointment and concern” about the latest notice. The association also described it as an example of regulatory overreach.…
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SEC Further Extends Date for Decision on Invesco Galaxy Spot Ethereum ETF
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The US Securities and Exchange Commission (SEC) has postponed its decision on whether or not to approve the proposed Invesco Galaxy exchange-traded fund (ETF) product for a third time. With the latest delay, the agency has until July 5 to make its final decision on the spot ETF order. The…
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Sealed Remedies Reply Filed, What’s Next?
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In the latest XRP lawsuit between Ripple and the US Securities and Exchange Commission (SEC), the agency filed a response summary of its remedies under seal, signaling significant progress in the remedies phase of the case. This phase focuses on identifying potential penalties the fintech company could face if the…
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Snore of Value: Bitcoin’s Sleepwalk Towards Stasis
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You know how the dodo bird became extinct? It became too fat to fly. In fact, the name ‘dodo’ likely originated from the Portuguese word, ‘simpleton’. The dodo bird lived very comfortably for much of its existence on an isolated island that lacked any natural predators. Over time the dodo…
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Ethereum Price Recovery In Jeopardy? Decoding Major Hurdles To Upside Continuation
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Ethereum price extended the recovery wave above the $3,120 area. ETH failed to clear the $3,220 resistance level and is currently paring gains. Ethereum price rose further above the $3,150 and $3,200 levels before bears emerged. The price is trading below the $3,120 level and the 100 hourly simple moving…
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More Than 90% Stablecoin Transactions Aren’t From Real Users, Reports VISA
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Image from the internet The rapid expansion of the stablecoin market has captured the attention of the cryptocurrency world, with advocates touting these digital assets as a revolutionary force in the $150 trillion global payments industry. However, a recent study, co-developed by Visa, revealed a startling fact – more than…
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All spot Bitcoin ETFs see inflows, analyst doubts dynamics will repeat
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All 11 Bitcoin ETFs saw inflows for the first time since their launch in January. According to Bloomberg analyst Eric Balchunas, such dynamics were recorded on May 3. However, he expressed doubts that such dynamics could happen again. For the first time ever, 1D is flowing green, and there is…
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Coinbase Faces Lawsuit for Alleged Deception in Selling Unregistered Securities
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Cryptocurrency exchange Coinbase and its CEO, Brian Armstrong, are facing a new lawsuit from a group of plaintiffs from California and Florida who claim they were deceived into buying unregistered securities. This is not the first legal hurdle Coinbase faces following a lawsuit filed by the US Securities and Exchange…