Category: Crypto
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UK Drug Lord Busted: $150M Bitcoin Haul Seized in Massive Dark Web Sting
Guilty Plea and Criminal Enterprise The defendant, Banmeet Singh, a 40-year-old Indian national from Haldwani, India, pleaded guilty to charges of conspiracy to possess controlled substances with the intent to distribute and conspiracy to commit money laundering. Singh’s criminal enterprise allegedly facilitated the sale and distribution of various controlled substances, including fentanyl, LSD, ecstasy, Xanax, […]
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Dogecoin Founder Mocks Bitcoin Amidst Plunge as Market Bleeds Millions
Introduction Billy Markus, the co-founder of the renowned meme cryptocurrency Dogecoin along with Jackson Palmer in 2013, recently took to Twitter/X social media network to express his views on Bitcoin’s significant drop. In a sarcastic tweet, Markus, known as “Shibetoshi Nakamoto” on Twitter, greeted everyone except Bitcoin, highlighting his discontent with the volatility of the […]
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European Securities and Markets Authority Prioritizes Crypto Firms in EU, Drafts Guidelines
Guidelines Seek Clarity for Crypto Asset Firms The European Securities and Markets Authority (ESMA) has issued draft guidelines that prioritize crypto firms within the European Union (EU) over those based outside the bloc. These guidelines, published on Monday in a consultation paper, aim to provide clarity under the Markets in Crypto Asset (MiCA) rules enacted […]
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Market Rally Faces Make-or-Break Week with Earnings, Fed Decision, and Jobs Data
Anticipating Major Event Risks and Earnings Reports Technical analyst Mark Arbeter, president of Arbeter Investments, wrote in a client note that it could be the most significant week for ‘event risk’ in many years. He suggested we could also consider it as ‘event reward.’ This week presents a busy schedule of earnings releases, including Microsoft, […]
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Democratic Senators Push Fed Chair Powell to Lower Interest Rates, Make Housing More Affordable
Solving Housing Affordability Crisis Senator Elizabeth Warren, a Democrat from Massachusetts, along with three other Democratic lawmakers, is advocating for Federal Reserve Chairman Jerome Powell to implement interest rate reductions in the upcoming Fed meeting. The aim is to address the soaring costs of housing and make it more accessible for the general public. In […]
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Public Listing of Bitcoin Miner GRIID to Boost Growth Amidst Declining Mining Stocks
Focus on Growing Capacity and Hash Rate Sudock, GRIID’s representative, expressed their short-term goals of expanding capacity and increasing the hash rate in an interview with Blockworks earlier this month. Founded in 2018, GRIID began operating bitcoin mining facilities the following year. As of September 30, the company had 20,623 bitcoin mining machines installed, resulting […]
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Ripple’s CTO Supports Transparent and Inclusive Governance Proposal for XRPL
Community-Driven Evolution of XRPL Governance David Schwartz has clarified his stance on the new governance proposal presented by David Fuelling, a member of the XRPL community. Schwartz describes this proposal as a “straw man” created to foster open dialogue and gather diverse suggestions from the XRPL community. Notably, Schwartz shared his endorsement of Fuelling’s proposal […]
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Bitcoin Surges Above $43,000 as Market Anticipates Fed Rate Pause
Bitcoin Shorts Liquidated in Response to Tuesday’s Price Action The recent price action has led to the liquidation of more than $60 million in cryptocurrency short positions, according to data from Coinglass. Over the past 24 hours, leveraged bitcoin positions that were liquidated amounted to more than $40 million, with shorts accounting for over $24 […]
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Solana’s Token Trading Surpasses Ethereum Again, Thanks to Impending Airdrop
Introduction Token trading on Solana decentralized exchanges has once again surpassed that of Ethereum exchanges, marking the second time in recent months. This shift can be attributed to an upcoming token airdrop. On Sunday night, the 24-hour trading volume on Solana-based DEXes exceeded that of Ethereum, racking up around $705 million compared to $698 million. […]
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Outflows from Grayscale Slow as Bitcoin ETFs See Inflows: Report
Grayscale and Other Crypto Fund Managers Experience Outflows In the past week, several major Bitcoin funds have witnessed significant outflows, potentially contributing to the recent dip in BTC and other digital asset prices. CoinShares, a European digital asset manager, has reported a slowdown in outflows from the largest fund, Grayscale. The trend of investors redeeming […]