Tag: COIN:USDCUSD
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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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Bitcoin Hits $65,000 with US Inflation Drop, Circle Plans Move to US, and More Crypto News
Circle plans relocation to the US, potentially eyeing IPO The issuer of the stablecoin Circle (COIN:USDCUSD) is planning to move its legal base from Ireland to the United States, a surprising move given the tax benefits in Ireland, as reported by Bloomberg on May 15. The company has already started the necessary legal process in…
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Bitcoin Hits 1 Billion Transactions, Vodafone Turns Smartphones into Digital Wallets, and More Crypto News
Bitcoin processes 1 billion transactions, marking strong growth since 2009 The Bitcoin network (COIN:BTCUSD) achieved an impressive milestone by processing its billionth transaction, 15 years after the launch of its first block. Maintaining an average of 178,475 daily transactions, Bitcoin has demonstrated its ability to handle large volumes without centralized intermediaries. This milestone, achieved amidst…
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Block Innovates Bitcoin Mining, DOJ Proposes 3-Year Prison for Changpeng Zhao, and More Crypto News
Possible effects on Bitcoin price with US dollar depreciation and Mt. Gox refund Cryptocurrency traders anticipate a potential depreciation of the US dollar, which could favor Bitcoin’s recovery (COIN:BTCUSD). Conversely, some banks still see a strengthening dollar on the horizon. At the time of writing, Bitcoin was down by -2.5%, trading at $64,771.50. Since March,…
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Coinbase to Launch PEPE Futures, Uniswap Grapples with SEC, and Latest Crypto News
Bitcoin holds price above $70,000 despite US inflation instability Bitcoin (COIN:BTCUSD) records a modest decrease of 0.43% at the time of writing, yet remains resilient above the $70,000 mark amid volatility triggered by a US inflation report for March that exceeded expectations. Despite the initial market reaction, the cryptocurrency displayed stability compared to other assets,…
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Bitcoin Hits $68,000 on Wednesday, MetaMask’s New Daylight Integration, and More Crypto News
Bitcoin slides below $69,000 anticipating US inflation data Before the American inflation data release by the Bureau of Labor Statistics, Bitcoin (COIN:BTCUSD) dropped below $69,000 this Wednesday. The US CPI for March indicated inflation higher than expected, reaching 3.5% annually, surpassing the forecast of 3.4%. Despite intensified efforts by the Federal Reserve to control inflation,…
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Crypto: Toncoin Soars on Tuesday, Mango Markets Fraud Trial, and Latest News
Toncoin escalates in the market with innovations in the TON network and partnership with Telegram Toncoin (COIN:TONCOINUSD), the cryptocurrency of The Open Network, has advanced in the digital asset rankings, propelled by network innovations and collaboration with Telegram. TON, associated with the messaging app, announced a partnership with HumanCode for palm-reading identification. This development, coupled…
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Crypto: Bitcoin Breaks $57,000; Hut 8 Mining Expands Operations in Texas, and Latest News
Bitcoin surpasses $57K; BlackRock boosts ETF market The price of Bitcoin (COIN:BTCUSD) surpassed $57,000, a milestone not seen since the last market peak in November 2021, accumulating an annual growth of over 30%. The price increase was spurred by ETFs and Bitcoin acquisitions by MicroStrategy (NASDAQ:MSTR), boosting confidence in the digital sector. Bitfinex investors took…
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Crypto: Phishing Hack Strikes MicroStrategy, Malicious Code Compromises Tornado Cash, and More
MicroStrategy hit by phishing scam on X; continues Bitcoin portfolio expansion MicroStrategy’s account on X (formerly Twitter) was compromised, disclosing a fake airdrop of an MSTR Ethereum token in the early hours of February 26. PeckShield alerted to a phishing link in the announcement, leading to a fake website. Although the post was deleted, MicroStrategy…
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Crypto: VeChain Leads Weekly Gains, VanEck Slashes Fees, and More
VeChain leads gains in the cryptocurrency market with a 65% increase Bitcoin (COIN:BTCUSD) has recorded a 14.62% increase in the last week, but altcoins stood out with gains exceeding 50%. The highlight was VeChain (COIN:VETUSD), which surged by around 60%. The blockchain, focused on optimizing supply chains and business processes, saw its value skyrocket without…