Tag: AMEX:FBTC
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BTC and ETH Suffer Sharp Decline on Tuesday; Key Crypto Market Events in April, and More News
Key events in the crypto market in April April promises to be a milestone for the cryptocurrency sector, bringing impactful events. We’ll see everything from the reduction in mining rewards for Bitcoin (COIN:BTCUSD) and Bitcoin Cash (COIN:BCHUSD), which affects coin supply and spurs speculative interest, to significant regulatory matters. The legal battle between the SEC…
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Crypto: SBF Sentenced to 25 Years, DOGE and BCH Surge on Thursday, and More
Sam Bankman-Fried receives 25 years in high-profile trial Sam Bankman-Fried, founder of FTX, was sentenced to 25 years in prison, a verdict delivered by a court packed with spectators, marking a critical moment in the legal examination of the cryptocurrency sector. To be released at age 57, his conviction highlights the complexities and risks of…
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Crypto: AI Token Merger, Hashdex ‘DEFI’ ETF Launch, and Latest News
Positive indicators hint at potential Bitcoin surge Bitcoin (COIN:BTCUSD) is showing promising signs of an impending uptrend. One of the evidences is the increase in the number of wallets holding over 1,000 BTC and the reduction of stock on Coinbase, hitting its lowest level since 2018. These factors, coupled with accumulation by “whales” and a…
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SWIFT Innovates in CBDC Solutions, SEC Imposes Billion-Dollar Fine on Ripple Labs, Tether Ventures into AI, and Latest News
Bitcoin swung to over $71,000 in anticipation of the halving Bitcoin (COIN:BTCUSD) climbed to over $71,000 on Tuesday morning, marking a weekly peak, as we approach the anticipated block reward halving. After briefly hitting the mark of $71,582.96, the price retreated and stabilized around $70,181.55 at the time of writing. The appreciation comes amidst a…
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Crypto: AIOZ Network Partners with Alibaba Cloud, Google Integrates ENS Domain Balances, and Key Updates
Correction in the cryptocurrency market and future prospects The cryptocurrency market has experienced a significant correction last week, with bitcoin (COIN:BTCUSD) losing over 11% in the past 7 days, despite a slight recovery in value post-FOMC meeting. JPMorgan (NYSE:JPM) warns that the downtrend optimism among investors, especially concerning the expected price increase due to bitcoin’s…
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Crypto: Bitcoin ETFs Experience 3 Consecutive Days of Outflows, CryptoPunk Fetches $16.42M in Sale, and More
Cryptocurrencies react positively to interest rate cut prospects The Federal Reserve’s maintenance of the federal funds rate at 5.25 – 5.50% and the indication of a balance sheet reduction adjustment influenced various markets. The Fed’s balance sheet has grown by 59% since January 2020, reaching $7.542 trillion. This policy has caused notable fluctuations in Bitcoin…
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Crypto: Solana Surges to $200, Base Explodes Post-Dencun Update, and Latest News
Solana hits $200 with network growth For the first time since November 2021, Solana’s cryptocurrency (COIN:SOLUSD) surpassed the $200 mark, driven by growing activity on the network and interest in meme coins. Although still 22% below its all-time high of $260, SOL exceeded its previous market capitalization of $75 billion due to the issuance of…
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Crypto: Ethereum’s Dencun Update Goes Live, Quantum Blockchain’s ‘Method C’ Revolutionizes Mining, and Latest News
Ethereum launches Dencun upgrade to reduce layer 2 transaction costs Ethereum (COIN:ETHUSD) introduced the Dencun upgrade on Wednesday, which implements mechanisms to lower transaction costs on layer 2 solutions that bundle multiple transactions for the main network. This change has already shown results, with the average transaction cost on Optimism (COIN:OPUSD) dropping to about 4…
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Crypto: Binance Executives Detained in Nigeria, Grayscale’s Bitcoin Mini Trust Proposal and Latest News
Binance top executives detained by Nigeria in financial dispute Tigran Gambaryan and Nadeem Anjarwalla, senior officials of Binance, were detained by Nigeria, according to the Wall Street Journal and Wired, amid accusations against the cryptocurrency exchange. The detention followed the country’s demand for $10 billion from the company for untracked transactions. Arriving in Abuja on…
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Bitcoin Outshines Silver in Market Value as London Embraces Crypto-Backed Securities, and More News
Bitcoin surpasses silver and reaches top among global assets With a recent increase of 4.71% in its value, Bitcoin (COIN:BTCUSD) reached the impressive mark of $72,273.60, raising its market capitalization to $1.413 trillion. This notable ascent caused Bitcoin to surpass silver in market value, positioning itself as the eighth largest global asset. Despite this achievement,…