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British Law Firm to Sue Onecoin Cryptoqueen to Recover Investor Funds

September 25, 2023 0

A London-headquartered law firm is preparing a lawsuit against the fugitive mastermind of the Onecoin crypto pyramid scheme, ‘Cryptoqueen’ Ruja Ignatova. Its lawyers intend to file a class action suit in the United Kingdom’s High Court, the British press revealed. Fugitive Cryptoqueen May Face

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Crypto Exchange Bybit Suspending Services in UK to Comply With New Regulations

September 25, 2023 0

Cryptocurrency exchange Bybit is suspending services in the U.K. next month in order to comply with the new rules set by Britain’s top financial regulator, the Financial Conduct Authority (FCA). “The suspension will allow the company to focus its efforts and resources to best meet the regulations outlined by the U.K. authorities in the future,” […]

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Venezuelan Authorities Find Grenade Launchers, Bitcoin Miners, and Even a Zoo in a National Jail

September 25, 2023 0

Venezuelan authorities found weapons of war, a discotheque, pools, a zoo, and even a makeshift Bitcoin mining farm in a raid completed on a national jail. The raid, executed in the Tocoron National Penitentiary Center, located in the Aragua state, mobilized 11,000 military officers to take control of the center. Bitcoin Miners, Grenades, and Weapons […]

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Terra Classic Votes to Halt USTC Minting; Community Eyes Future Re-Peg

September 24, 2023 0

Following a decisive vote by the Terra Classic community, an initiative to halt the creation of the previously termed stablecoin, terra usd (commonly referred to as UST or USTC), has been approved. Despite 40.56% opposition, 59.42% of the vote gave the nod for the software update. Minting Freeze for USTC Approved USTC, which sits at […]

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NFT Sales Doldrums: 30-Day Plunge Sees 34% Decline Amidst Chilling Digital Collectible Sector 

September 24, 2023 0

Fresh data indicates a continuing decline in non-fungible token sales, dipping 3.2% in the last week and plummeting 34% over the past month. As September nears its end with six days remaining, NFT sales have tallied up to $341.37 million since August 24. NFT Sales Still Can’t Escape Crypto Winter’s Wrath This September, over the […]

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Diminished Activity, L2 Migration Push Ethereum to Turn Inflationary

September 24, 2023 0

Recently, Ethereum has seen a shift towards inflation, sparked by a dip in network activity and onchain fees. Data reveals that, with decreased activity and lower fees, Ethereum’s inflation rate stands at 0.270%. The decline in overall activity and people transitioning to layer two (L2) networks has notably curtailed base fee burning. From Deflation to […]

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Decoding Atomicals: Unpacking the Newest Addition to Bitcoin’s Tech Suite

September 24, 2023 0

Following the introduction of Ordinal inscriptions, BRC20 tokens, and Stamps on the Bitcoin blockchain, the community has seen the debut of a new digital object technology named Atomicals. Meet Atomicals: The Latest Data-Embedding Technology on the Bitcoin Blockchain Since the close of 2022, Bitcoin has seen the rollout of several technologies that use data embedding […]

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Mark Cuban Hacked for $870K in Crypto, Economist Warns of ‘Tragic Ending’ for USD — Week in Review

September 24, 2023 0

Dallas Mavericks owner Mark Cuban sees his Metamask crypto wallet hacked, Peter Schiff says “day of reckoning is at hand” for dollar and U.S. economy, and the crypto community shows skepticism about rumors of Blackrock pivoting to XRP. This and more in the latest Bitcoin.com News Week in Review, just below. Mark Cuban’s Crypto Wallet […]

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Bitcoin ETFs Explained: A Closer Look at BTC Exchange-Traded Products

September 24, 2023 0

Exchange-traded funds, or ETFs, that track the price of bitcoin have become a popular means for mainstream investors to gain exposure to the cryptocurrency market without directly owning bitcoin. Though the U.S. Securities and Exchange Commission has not approved a spot bitcoin ETF in the U.S., futures-based and international bitcoin ETFs are offering investors new […]

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FBI Wanted Co-Founder of Crypto Exchange Wex Sentenced in Russia

September 24, 2023 0

Aleksey Bilyuchenko, co-founder of Wex, the successor of the infamous Russian crypto exchange BTC-e, will spend only a couple of years in prison. The Russian, who is charged in the U.S. with money laundering, has been sentenced in his homeland as the only defendant in a case over the collapse of Wex which brought heavy […]