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Tag Archives: Bitcoin News

Xapo Bank Gets UK License for Interest-Bearing Bitcoin Accounts

Xapo Bank is the first UK bank to offer interest-bearing accounts for Bitcoin and fiat currency. Xapo Bank provides 1% interest on Bitcoin without staking, lending, or locking up assets. Xapo Bank is the first bank to provide interest-bearing accounts in both Bitcoin and fiat currencies. Gibraltar-based bank announced its extension into the United Kingdom on August 5, 2024, This milestone took place under the UK’s passport program, which was approved by the Financial Conduct Authority (FCA),...

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Bitcoin Price Plummeted to Below $53,000, Ether Hits Lows It Has Not Seen Since December

In a shocking turn of events over the weekend, spurred by mass bitcoin selloffs on Sunday, its price took a tremendous nosedive. Bitcoin’s value dropped by over 12% on Monday morning, going from over $60,000 to less than $53,000 within 24 hours. Bitcoin has not observed such lows since February, when it rallied toward new highs. This downturn also caused ETH to take a massive hit, as its price dropped to around $2,200, falling by over 20%. ETH has not touched this price point since last...

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Bitcoin Faces Potential Fall Despite US Economic Uncertainty and Market Shifts

Bitcoin’s recent declines may signal a deeper downturn due to US economic concerns Recent price rally halted by weak ISM index and Fed’s dovish outlook. The cryptocurrency research group 10X Research predicts that the recent declines in the price of Bitcoin could be the start of a more serious decline, citing an upcoming economic storm and the asset’s separation from the stock market. Despite a strong start to the week marked by interest in Bitcoin ETFs from three major US pension funds and...

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Bitcoin Falls Below $61,000, Taking Altcoin Prices Down With It

The largest cryptocurrency, bitcoin, dropped to price levels below $61,000 from highs of over $65,000 within 24 hours. The asset also nearly peaked past $70,000 earlier in the week. This drop comes despite a US jobs report showing that only 144,000 jobs were added in the past month, a factor that should have caused the asset’s price to rise. News like that often pushes risk assets like stocks and crypto into the green territory. Massive tech stocks also observed losses on Friday, regardless...

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