Tag: COIN:PYUSDUSD
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BlackRock’s IBIT Surges as Top Bitcoin ETF, Bitfarms Rejects Riot Platforms Offer, and More Crypto News
Bitfarms rejects Riot Platforms’ $950 million acquisition offer On May 29th, Bitfarms (NASDAQ:BITF) rejected a $950 million acquisition proposal from Riot Platforms (NASDAQ:RIOT), arguing that the offered value was insufficient. Received on April 22nd, the offer consisted of $2.30 per share in cash and stock. The decision was made after analysis by the Special Committee…
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Buterin Proposes New Ethereum Fee Model, Unofficial Gamestop Memecoin Soars, and More Crypto News
Unofficial Gamestop memecoin reaches $100 million market cap The memecoin Gamestop.Finance, an unofficial parody on Solana based on GameStop (NYSE:GME), briefly hit a $100 million market cap due to a trading frenzy, reaching a peak of $0.01449. At the time of writing, GME has increased by 2,109% in a week and is trading at $0.01234,…
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Crypto: Bitcoin Cash Surges Post-Halving, PayPal Launches PYUSD International Transfers and More Updates
Bitcoin Cash jumps post-halving Bitcoin Cash (COIN:BCHUSD) experienced a surge in value following its recent halving, standing out in a generally static crypto market. BCH reached a peak price of $683.87, a level not seen since 2021, yet still 80% below its December 2017 record high. At the time of writing, Bitcoin Cash’s price was…
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Crypto: GRIID Nasdaq Debut, OKX Leads Crypto Inscription Innovation, and more
Reduction in contracts boosts Bitcoin price The recent rise in Bitcoin (COIN:BTCUSD) above US$43,000 may be related to the decrease in open interest in bitcoin options, especially at US$40,000, according to analyst Gordon Grant. After the options expired at the end of January, there was a notable decrease in these contracts, potentially freeing the Bitcoin…
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Crypto: Bitcoin Spot ETFs Debut Strongly, Circle Prepares for IPO, and More
GBTC, IBIT, and FBTC have a strong debut After years of anticipation, the Bitcoin ETFs were finally approved in the USA and started trading on Thursday. BitMex Research ranked the 11 newly launched funds by trading volume on the first day, with the ETFs from Grayscale (AMEX:GBTC), BlackRock (NASDAQ:IBIT), and Fidelity (AMEX:FBTC) leading in volume.…
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Crypto This Thursday: SEC Delays Hashdex, Grayscale ETFs, Binance Thailand Launch, and More
Bitcoin faces a retreat after Wall Street opening Bitcoin (COIN:BTCUSD), with a price of $36,407 in the last 24 hours, experienced a significant drop after the opening of Wall Street on November 16, repeating past price movement trends. There was a reduction of over $1,000 in a day, following previous patterns of lows and sell-offs.…
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Crypto this Thursday: Coinbase Obtains License in Bermuda, Tottenham Launches Fan Token, and more
VanEck prepares to launch Ethereum futures ETF Asset manager VanEck, with a $77.8 billion portfolio, plans to launch the VanEck Ethereum Strategy ETF (EFUT), focused on Ethereum futures, amid growing demand for Ethereum-based funds (COIN:ETHUSD). EFUT will invest in ETH futures contracts, settled in cash and traded on exchanges registered with the CFTC, and will be…
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Crypto This Thursday: Mt. Gox Delay Shakes Crypto Market, Venmo Implements PYUSD, and More
Delay in Mt. Gox settlement impacts crypto market Bitcoin (COIN:BTCUSD), Ethereum (COIN:ETHUSD), and other altcoins such as BNB (COIN:BNBUSD), XRP (COIN:XRPUSD) faced declines, following the decision of bankrupt cryptocurrency exchange Mt. Gox to extend the deadline for their payments until October 31, 2024. Some investors anticipated that this movement could reverberate through the market, with…
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Crypto This Monday: Ant Group Abandons Crypto Fund, Blockchain Capital Raises US$580 Million, and More
Ant Group withdraws from crypto fund after controversies Chinese fintech giant Ant Group is parting ways with crypto fund A&T Capital, which had a value of $100 million and focused on international crypto projects. A&T Capital, founded with the support of Ant Group in 2021, had already invested in renowned startups in the sector. Ant Group’s move…
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Crypto This Thursday: Lufthansa Launches NFTs, Uniswap Acquitted in Court Case, and More
New York court classifies Ether and Bitcoin as ‘commodities’ and dismisses case against Uniswap A New York court has defined Ether (COIN:ETHUSD) and Bitcoin (COIN:BTCUSD) as commodities and has ruled out a class action lawsuit against cryptocurrency exchange Uniswap. The lawsuit alleged that Uniswap had violated US securities laws, but Judge Katherine Polk Failla stated that…