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Tag Archives: News

Bitcoin Blockchain Now Holds the Third Highest All-Time NFT Sales

The Bitcoin network is breaking records beyond its native asset, BTC, hitting prices unseen by other cryptos. It is now a top three NFT ecosystem by sales generated through all-time sales volumes, hitting $4,271,928,280 and pushing the Ronin chain down to the fourth spot. As protocols like Ordinals and Rune bring new use cases to the legacy chain, Bitcoin has transformed into an established NFT ecosystem. Enthusiasts take to the first-ever blockchain in droves to get their hands on NFTs,...

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Dogecoin Sees Biggest Liquidations Since 2021, $60 Million in Longs Flushed Out

Memecoin bulls braced for impact as the largest asset of this kind by market cap, Dogecoin, dropped by over 10%. $60 million in DOGE futures got wiped out as a result. Huobi accounted for more than $44 million of those liquidations. Data revealed they were associated with longs – positions harnessed by users to speculate DOGE’s price rise. In contrast, only $600,000 worth of DOGE shorts, which users open to bet against the memecoin dropping in value, got liquidated in the past 24 hours. This...

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Deutsche Telekom Will Soon Mine Bitcoin

Deutsche Telekom, T-Mobile’s parent company, will jump into the Bitcoin mining space shortly to expand its revenue generation avenues. The telecommunications company has been active in the Web3 space for a while, already running a Bitcoin node, multiple nodes on the Lightning Network, a Bitcoin scalability solution, and validating on other networks. Dirk Röder, head of Web3 infrastructure and solutions at Deutsche Telekom, said at BTC Prague, “Since 2023, we are running a Bitcoin node, and we...

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Bitcoin L2 Stacks Sees Outage for Over 9 Hours

Stacks, a Bitcoin layer 2 network, experienced an outage for 9 hours last week, leaving user transactions and blocks unprocessed for that entire period. Stacks Status, the official X account for the network’s updates, mentioned the cause was due to block reorganization (reorgs) on the layer 1 Bitcoin network and its miners behaving unexpectedly. “We are experiencing a delay in Stacks block production due to unexpected mining behavior and a Bitcoin reorg. Core developers in the ecosystem are...

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Chinese Bank Executives Accused of $248M Crypto Money Laundering Scheme

[unable to retrieve full-text content]CoinspeakerChinese Bank Executives Accused of $248M Crypto Money Laundering Scheme Chinese court documents show that a 44-year-old suspect named Chen helped launder at least 250 million yuan ($34.4 million) through his personal bank accounts for the former executives. Chinese Bank Executives Accused of $248M Crypto Money Laundering Scheme

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