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$21 Million in ‘Sleeping Bitcoins’ Awaken After Years of Dormancy 

September 6, 2023 0

Despite Bitcoin’s (BTC) price dipping 6.4% this week and hovering below the $26K mark, a flurry of activity was noted between September 5th and 6th as several substantial ‘sleeping bitcoins’ stirred. After a lull of slightly over six years, an individual splurged 359.92 BTC, equivalent to $9.2

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Biggest Movers: SHIB Hovers Higher, Despite Market Consolidation

September 6, 2023 0

Shiba inu was a notable gainer in today’s session, as the cryptocurrency rose for a second straight session. The global market cap is marginally higher at the time of writing, as prices mostly consolidated. Solana retreated from a near one-week high. Shiba Inu (SHIB) Shiba inu (SHIB) was in the green for a second session […]

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Lawyers Push SEC to Approve Grayscale Bitcoin ETF ‘Expeditiously’ 

September 6, 2023 0

Lawyers representing crypto asset manager Grayscale Investments urged the Securities and Exchange Commission (SEC) to “expeditiously” approve a spot bitcoin exchange-traded fund (ETF) in a letter sent to the agency. Grayscale’s letter follows a unanimous ruling by a panel of the U.S. Court of Appeals for the D.C. Circuit Court on August 29 that vacated […]

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Bitcoin, Ethereum Technical Analysis: BTC Consolidation Continues, as Moving Average ‘Death Cross’ Nears

September 6, 2023 0

Bitcoin was largely unchanged on Wednesday, as moving averages closed in on a potential upward crossover. The potential for a “death cross” will likely be in the mind of would-be bulls, looking for an opportune time to reenter. Ethereum continues to hover close to a floor of $1,630. Bitcoin Bitcoin’s consolidation continued on Wednesday, as […]

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Another Executive Exits Binance Amid Regulatory Scrutiny

September 6, 2023 0

Mayur Kamat, head of product at Binance, is leaving the crypto exchange which has seen several executive exits in recent months. His and the other departures coincide with an ongoing regulatory clampdown on crypto business that has placed the leading trading platform for digital assets under increased scrutiny in some jurisdictions. Crypto Exchange Binance’s Global […]

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China Wants the Digital Yuan to Be Ubiquitous in Retail Payments Arena

September 6, 2023 0

China is pushing for universal national adoption of the digital yuan, with People’s Bank of China’s (PBOC) officials stating the currency should be available for all retail payment scenarios. The recent introduction of a standard for QR-based payment codes is part of this move, which also seeks to make wholesale payments interoperable with the digital […]

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South Korea Seeks to Freeze North’s Crypto Assets Under New Law

September 6, 2023 0

The government in Seoul intends to submit new legislation tailored to facilitate the tracking and freezing of crypto used to fund the weapons programs of North Korea. A bill has been drafted after extended consultations between ministries with the aim to make South Korean sanctions more effective and improve the country’s cybersecurity. South Korean Government […]

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Report: Huawei’s Kirin Chip May Have Been Accelerated by Bitcoin Mining Orders

September 6, 2023 0

A recent report by The Miner Mag suggests bitcoin mining orders might have sped up Huawei’s development of its new Kirin smartphone chip. The chip, which powers Huawei’s new Mate 60 Pro smartphone, was produced by China’s Semiconductor Manufacturing International Corp. (SMIC) using its N+2 7nm process. Research Suggests Bitcoin Mining Boosted Huawei’s Chip Development,

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G20 Nations Actively Discussing Crypto Framework, Says Indian Finance Minister

September 6, 2023 0

The G20 countries are actively discussing a global framework for crypto assets under India’s presidency, Finance Minister Nirmala Sitharaman has revealed. “India’s presidency has put on the table key issues related to regulating or understanding that there should be a framework for handling issues related to crypto assets,” she emphasized. India Says ‘Active Discussions’

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Shark Tank Star Kevin O’Leary Warns of Emerging Financial Crisis, Bank Failures

September 6, 2023 0

Shark Tank star Kevin O’Leary, aka Mr. Wonderful, has sounded the alarm about an impending financial crisis. “We have a crisis emerging,” he warned, emphasizing that small business owners will be “cut off at the regional bank level.” He stressed: “You’re going to hear a lot of people crying about this in the next few […]