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Tag Archives: AA News

Bitcoin Dips to $10,400 as Crypto Market Loses $15 Billion on BitMEX News (Market Watch)

Bitcoin was riding high around $10,900 before dumping below $10,500 following the controversial BitMEX news from yesterday. Most alts have copied the move downwards, resulting in a $15 billion loss for the market cap.Bitcoin Tumbles On BitMEX NewsAs CryptoPotato reported yesterday, the US Commodity and Futures Trading Commission charged the owners of one of the largest Bitcoin derivatives exchange, BitMEX, for illegally operating the platform and anti-money laundering violations.Being such an...

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BitMEX in Response to CFTC: We Will Continue to Operate Normally, Funds Are Safe

In a somewhat unexpected turn of events, the United States Commodities and Futures Trading Commission has pressed charges against the owner-operators of BitMEX for illegally running a cryptocurrency exchange and failing to comply with anti-money laundering regulations.As CryptoPotato reported earlier today, this had an immediate impact on Bitcoin’s price, which dropped by as much as around $400 following the news.Now, BitMEX has posted an official announcement with a brief comment on the...

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Bitcoin Tumbles $400 As CFTC Charges BitMEX Owners with Illegally Operating a Crypto Exchange

Bitcoin’s price was advancing relatively well over the last couple of days but now things took a turn for the worst.The cryptocurrency went on to lose more than $400 of its value, at the time of this writing, in less than an hour. It was trading at almost $10,900 before plunging down to where it currently rests at around $10,480.BTC/USD. Source: TradingViewThis happened almost immediately after news broke out that the US Commodity and Futures Trading Commission has charged the owners of...

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When Bitcoin Hits $100,000 Mike Novogratz Will Donate Most of His Profits to Charity

In a recent tweet, the popular Bitcoin proponent and permabull Mike Novogratz explained the reasons for which he got into it.He also said that if BTC’s price reached $100,000, he would donate most of his profits to charity.Mike Novogratz and Why He Got into Crypto and BitcoinOne of the things that make the cryptocurrency field so interesting is the different intent of the people in it. Some are in for the gains, some are in for the technology, while others base their merits on concepts, far...

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First Ever Company With Crypto Exchange Listed on NASDAQ

Cryptocurrency financial services company Diginex Limited will be listed for trading on Nasdaq starting today. The statement outlined that the listing became possible after Diginex completed a “business combination transaction” with a special-purpose acquisition company (SPAC) dubbed 8i Enterprises Acquisition Corp. Diginex stock went live on Nasdaq Thursday morning under the ticker symbol “EQOS, which resembles the company’s trading platform – equos.io. Diginex warrants will trade under the...

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eToro Launches Cryptocurrency Staking Starting with Cardano and TRON

The growing trend of cryptocurrency staking has reached the multi-asset platform eToro. The company announced today that it will launch a staking service this month. The first two assets available will be Cardano (ADA) and TRON (TRX).eToro To Enable Crypto StakingCryptocurrency staking requires the investors to “lock” a certain amount of coins based on the proof-of-stake consensus algorithm or many of its varieties. Investors typically receive the right to vote and participate in the...

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Analysis: Almost $20 Million of KuCoin Stolen Funds Already Sold Through DEXs

Almost $20M of the $281M worth the tokens drained from the KuCoin exchange are already sold on decentralized exchanges (DEX). This is the standpoint of London-based blockchain analysis provider Elliptic.DEXs Were The Only Route For The Hackers   According to a recent report, KuCoin hackers have sold $17.1 million of the $281 million in cryptocurrency tokens on DEXs.The official analysis reads that the hours after the theft, the hacker attempted to sell part of the tokens at two regular...

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Twitter CEO Jack Dorsey Admits: I Only Own Bitcoin, It Is Direct Activism

Twitter CEO Jack Dorsey has openly criticized Coinbase CEO Brian Armstrong following a recent controversial post urging employees of the exchange to steer clear from political discussions. Dorsey, however, believes that the whole purpose of the cryptocurrency field is social activism.Armstrong Highlights The Coinbase Core MissionIn a post shared over the weekend, Armstrong outlined that 2020 has already been a challenging year. The upcoming US Presidential elections also raise massive...

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CoinGecko: 23% Participate In Yield Farming But 40% Can’t Read Smart Contracts

Despite the growing DeFi craze in the past few months, a recent survey compiled by CoinGecko revealed that just 23% participate actively in some form of yield farming. However, many of the farmers answered that they don’t know how to read smart contracts but were enjoying high ROIs.Yield Farming Is A Growing TrendThis year can be safely categorized as the decentralized finance (DeFi) boom. The rapid explosion of its popularity could be attributed to some extent to yield farming – the process...

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ECB President Reiterates Digital Euro’s Complimentary Role

European Central Bank President Christine Lagarde reiterated the Eurozone central bank’s stance that the development of a digital euro is meant to complement, not replace, cash — mitigating fears that Europe’s monetary union is not pushing for a cashless society.The further solidifying of this stance from Lagarde came via yesterday’s online meeting of the Franco-German Parliamentary Assembly, during which the French politician and lawyer stated:We need to fully reap the potential gains from...

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