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Tag Archives: News

Is Celsius Not Being Open Enough About Its Financial Situation?

Sasha Hodder – founder of Hodder Law Firm – has mentioned the U.S. trustee overseeing the Celsius Network bankruptcy proceedings is seeking the aid of an independent examiner due to the company not being transparent enough. Is Celsius Trying to Hide Something? Right now, Hodder is saying that the company and its CEO Alex Mashinsky have not been fully clear or honest about what kind of creditors are owed money, nor have they gone into detail about how much is owed. She...

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Some Black Investors Aren’t Too Happy with Crypto

Cryptocurrency is widely touted as a means of helping black Americans gain access to financial opportunities they otherwise wouldn’t have. However, there are a lot of skeptics out there that say crypto is not doing what it claims. Some Black Investors Don’t Think Crypto Does Enough Cryptocurrency is built on the notion of financial freedom. It is widely stated that those who have been cut off by standard banking institutions or similar enterprises can find use through...

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Stronghold Digital Forced to Sell Many Mining Rigs

The world of bitcoin mining has taken some serious blows, and it doesn’t look like the space is going to be recovering anytime soon. With prices falling to such drastic lows, it appears that many miners are either having to leave the space altogether or take drastic measures to ensure their money stays in place, as is the situation with firms like Stronghold Digital Mining. Stronghold Digital Had Too Much Debt As one of the biggest and most stable digital currency mining...

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Why Did Bitcoin Fall Again in Late August?

Bitcoin saw its price plunge in late August following a slow, but steady bull run. It looked like the world’s leading digital currency by market cap was on the verge of striking a $25,000 chord, but that clearly was not meant to be as things eventually took a turn for the worse and the asset dipped into the low $20K region again. Bitcoin Saw More Bearish Conditions in Late August The digital currency – along with many of its counterparts – suffered and reached new...

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Scaramucci: BTC Will Be $300K in 2028

Bitcoin hasn’t been doing super well as of late, but Anthony Scaramucci – the former White House communications director under Donald Trump and the founder of Skybridge Capital – is saying that the price of the asset could reach a whopping $300K in six years. Scaramucci Thinks BTC Will Grow Heavily That’s right. Bitcoin could increase its price more than ten times by the year 2028. In a recent interview, Scaramucci commented: In the next six years, if we are right, if...

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Built with Bitcoin Establishes New School in Kenya

A non-profit organization known as the Built with Bitcoin Foundation has put together the funds necessary to build a new hybrid nursery and primary school in the center of Kenya, one of Africa’s most well-known and impoverished countries. Built with Bitcoin Is Making Headway in Africa The company uses bitcoin with the aid of local partners and communities to go around the world and provide things like quality education, proper food supplies, and even clean water to help...

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The Kraken Story: An Exchange to Offset Mt. Gox

Kraken – a popular cryptocurrency exchange founded in 2011 by Jesse Powell – has recently offered its books to auditors to show them the company has heavy reserves of BTC, ETH, and Tether on file. Kraken Has Tried to Do a Lot of Good Kraken was founded in San Francisco, CA, which appears to be the ultimate hosting grounds for many crypto businesses considering this is long where Coinbase was stationed before deciding it was going to operate on a fully remote business...

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Bitcoin Growth was Outdone By Ethereum in August

Late August saw a huge flip in the digital currency arena. Bitcoin – the world’s largest number one digital currency by market cap – fell by several thousand dollars and eventually dipped below $22,000 for the first time in about three weeks, while Ethereum – the world’s second largest cryptocurrency and the main competitor to bitcoin – ultimately rose 100 percent from its June low of under $1,000 per unit and managed to surpass bitcoin’s level of growth. Ethereum Is...

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Bitcoin Norwegen: Nationalbank setzt auf Ethereum

Die norwegische Zentralbank Norges Bank hat bekannt gegeben, die Ethereum Blockchain für ihre Zentralbankwährung (CBDC) verwenden zu wollen. Dies repräsentiert einen entscheidenden Schritt in der Entwicklung digitaler Währungen in Ländern. Der Quellcode soll als Sandbox auf Github veröffentlicht werden. So stelle man eine Schnittstelle zum Testnetzwerk her. Bereits im Mai kündigte Norges Bank an, dass die Ethereum-Technologie in Zukunft eine...

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Bitcoin Cash Analysis: Bearish Moves Below $125

Bitcoin cash price started a fresh decline from the $138 zone against the US Dollar. The price is now trading below the $125 zone and the 55 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $126 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase). The pair remains at a risk of more losses below the $115 and $112 support levels. Bitcoin cash price is moving lower below $125 against the US Dollar, similar to...

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