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Bitcoin Reclaims $23,500, Notches $120 Million in Liquidations

Bitcoin soared back above $23,500 on Wednesday, less than one week after losing the support line in response to the regulatory crackdown against an industry giant last week. The event has triggered $120 million in liquidations within the past 24 hours.  Bitcoin began the day trading for roughly $22,000 but began to climb at 11:38 US, reaching $22,800 within 40 minutes.  The cryptocurrency soared again at about 18:24, eventually climbing to a high of $23,348 by 19:30. It...

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Sequoia Capital, Paradigm, Thoma Bravo Accused of Promoting the Legitimacy of FTX (Report)

Leading venture capital firms such as Sequoia Capital, Thoma Bravo, and Paradigm were reportedly indicted for adding an “air of legitimacy” to the bankrupt cryptocurrency exchange FTX. Sam Bankman-Fried, accused of committing several crimes such as fraud and money laundering, received a subpoena as part of the case against the organizations he found and will have to present a range of documents on February 17. His father – Joseph Bankman – and Alameda Research’s former bosses...

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Another $1.4M in Funds Stolen by Lazarus Group Frozen by Binance, Huobi

It’s been over half a year since the Harmony bridge was breached, allowing hackers believed to be a part of the Lazarus Group to make off with about $100 million in cryptocurrencies at the time they were stolen. Multiple Cashout Attempts Nearly $91 million of those funds have seen attempted cashouts so far. The most recent attempt at laundering the stolen funds saw about $27 million worth of crypto being moved. The operation was detected by security researchers, although it...

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Bitcoin Is in Better Shape, but Not Everyone’s Bullish

Bitcoin is experiencing all kinds of small price rises in 2023. Things are starting to look good for the world’s number one digital currency by market cap, especially when compared with how things went in 2022, though there are many experts out there that allege the asset is going to experience further drops before it eventually reaches a price of $200,000, and that figure won’t be hit until 2030. Bitcoin Is Not Pleasing to Everyone Desmond Marshall – managing director...

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Former CEO of TMON Gets an Arrest Warrant for Allegedly Receiving LUNA Bribes (Report)

The South Korean authorities reportedly issued an arrest warrant to a former Chief Executive Officer of the e-commerce giant TMON. He supposedly accepted bribes in Terra (LUNA) worth billions of won to promote the infamous blockchain project. Terra Keeps Splashing the Water As reported by a local media outlet, an ex-boss of the Korean e-commerce company TMON was slapped with an arrest warrant due to his interaction with the collapsed cryptocurrency project Terraform Labs....

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Cardano Launches Valentine Upgrade for SECP Cryptographic Primitives

Input Output Global (IOG), the organization behind the Cardano blockchain, has launched a valentine upgrade for its Standards for Efficient Cryptography (SECP) primitives on the network’s mainnet. With the update, developers can now use a broader range of native multi-signature designs to build secure and cost-effective decentralized applications (DApps). Happy St. Valentine’s day. 💙 We are pleased to report that the #Valentine upgrade – support for #Plutus SECP...

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Bitcoin NFT Mania: There Are Now More Than 100K Ordinals Inscribed

Ordinals keep making headlines as there are now more than 100,000 inscriptions carried out on Bitcoin’s network. This has had a notable effect on the network state itself and has sparked a massive debate within the community. Inscriptions are Bitcoin’s version of a non-fungible token (NFT), and they have been making strides throughout the past couple of weeks. Multiple high-end sales already took place within the range of the first 1,000 inscriptions, with Ordinal Punks...

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$HWT Performs Admirably with a 710% Spike in the Season of Love

“Fly me to the moon, let me play among the stars”, an instant classic song from the 60s by Count Basie and Frank Sinatra. Does it automatically send a tune ringing in your heart? Well, it is only logical this Valentine’s Day to save the best to be treasured for for your loved ones, family and friends. From love letters, chocolate boxes, truffles, bouquet of flowers, candlelight dinners and more, leave a lasting memory that will last forever in the hearts of your loved...

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