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Bitcoin News
Bitcoin’s two-day rally has stalled as the U.S. dollar gains ground in the wake of Joe Biden’s fiscal stimulus announcement. The U.S. President-elect proposed an emergency relief package worth $1.9 trillion at around 00:15 UTC when bitcoin was changing hands near $39,600. At press time, the leading cryptocurrency by market value is trading down near...
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There’s a decentralized autonomous organization (DAO) that lets ETH holders back Ethereum 2.0 without losing liquidity, and it wants to give its participants a vote. Until Feb. 12, ETH holders have a chance to earn some of the governance token for Lido, a new decentralized finance (DeFi) and staking protocol. There will be other opportunities...
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Alt-right extremist groups and a handful of personalities linked to last week’s storming of the U.S. Capitol building received a bitcoin donation worth about $522,000 one month before the D.C. siege, according to crypto tracing firm Chainalysis. Chainalysis explained in a Thursday blog post that an unnamed French blogger sent 28.15 BTC to 22 wallets...
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Bitcoin’s recovery from Monday’s low is gathering pace, with the options market pricing in a double-digit probability of an above $50,000 by the month-end. The leading cryptocurrency by market value is currently trading at $38,300, representing a nearly $4,000 or 11% gain on a 24-hour basis, according to CoinDesk 20 data. The price bounce has...
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Twitter CEO Jack Dorsey took to (where else?) Twitter to ask the question “Was this correct?” regarding his company’s decision to ban U.S. President Donald Trump from the platform following last week’s attack on the Capitol. After that opening expression of doubt, he proceeded to answer that yes, it was. UPDATE (Jan. 14, 02:00 UTC):...
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After his most recent stint teaching about blockchain at MIT, former CFTC head Gary Gensler is reportedly the next SEC Chair. This episode is sponsored by Nexo.io. Today on the Brief: Visa drops $5.3B Plaid acquisition after DOJ antitrust suit ECB President Christine Lagarde discusses bitcoin and digital euro Acting OCC chief Brian Brooks to...
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It’s been a rough start to the week for crypto investors, although numbers are starting to point upwards once again. Eyes were anxiously set on a new all-time high for ether that failed to materialize as Bitcoin miners largely pulled the price rug last weekend out from under the entire crypto market. Let us not...
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As prices for bitcoin and ether retreat from their recent highs, the strong performance of other cryptocurrencies indicate traders and investors may now be turning to alternative coins (altcoins) for potential high returns. Data compiled by CoinDesk Research shows that as of Jan. 11, prices for both bitcoin and ether were about 87% and 78%,...
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While many U.S. crypto exchanges are using the latest bull run to spruce themselves up in hopes of impressing institutional investors and regulators, China’s so-called “Big Three” centralized crypto exchanges (CEX) – Binance, Huobi and OKEx – are slinging mud at each other.  The latest flap is over a bogus video that purports to show...
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Over the last few weeks, the U.S. Financial Crimes Enforcement Network, or FinCEN, has been inundated with 7,477 angry comments about a rule change that it proposed just before Christmas. “Impressive ineptitude” says one anonymous commenter, while another writes “touch bitcoin and you will feel the wrath u moneygrabbing pric [sic].”  Dozens of industry leaders...
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