Bitcoin’s price could see further growth in 2023, potentially reaching $45,000-$50,000. Key Takeaways: Bitcoin (BTC) has been on a remarkable run in 2023, surging by over 70%. The cryptocurrency’s price has been bolstered by a combination of factors, including a banking crisis and growing optimism surrounding the approval of a Bitcoin exchange-traded fund (ETF) in the United States. 2020 Bitcoin …
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Investors shift focus from ApeCoin and Pepe due to declining values, embracing NuggetRush’s innovative presale with P2E gaming and NFT features. Key Takeaways The cryptocurrency landscape is abuzz as NuggetRush (NUGX) makes waves with its ongoing presale, drawing in numerous ApeCoin ($APE) and Pepe ($PEPE) investors. This burgeoning cryptocurrency combines gold mining with a play-to-earn gaming element, standing out as …
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The XRP Ledger sees rapid growth, adding 11,000 new accounts in 12 days, reaching 4.812 million wallets, highlighting its expanding adoption. Key Takeaways Reaching Peak The XRP Ledger (XRPL) continues its robust growth trajectory, remarkably adding over 11,000 new accounts in a brief span of 12 days. This surge has propelled the total number of XRPL wallets to an astounding …
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The cryptocurrency market experienced a significant drop on “Red Monday,” with Bitcoin leading the decline after failing to break through the $28,000 resistance level. Key Takeaways A tremor rattled the cryptocurrency domain this Monday, with Bitcoin’s inability to cross the $28,000 threshold ushering in a notable slump across various digital currencies. Not only did Bitcoin’s struggle cast its shadow, but …
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Crypto Aid Israel, backed by Israel’s web3 sector, is establishing a multisig wallet to accept cryptocurrency donations for Israeli citizens affected by the ongoing conflict. Key Takeaways In a unified effort to provide crucial aid amidst the devastating war unraveling in Israel, Crypto Aid Israel, underpinned by Israel’s potent web3 sector, has instigated a crypto donation wallet, marking a beacon …
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FTX founder’s defense argues that subpar prison Wi-Fi is hampering trial preparation, underscoring the importance of reliable internet access in the justice system. Key Points Having poor internet connection is not just inconvenient — it could also impact the course of justice; that is what lawyers for FTX founder Samuel Bankman-Fried are arguing in a recent court filing. Former FTX …
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The SEC settles charges against Linus Financial for selling an unregistered cryptocurrency lending product. Key Points The US Securities and Exchange Commission (SEC) made an announcement on Thursday regarding the settlement of charges against Linus Financial, a fintech firm based in Tennessee, over the sales of an unregistered cryptocurrency lending product. The SEC stated that it will not impose civil …
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Singapore elects Tharman Shanmugaratnam as its new president, previously known for skepticism toward cryptocurrencies, now emphasizing “ultra clarity” and a balanced regulatory approach. Key Points Singapore recently elected Tharman Shanmugaratnam as its 9th president, succeeding Halimah Yacob. While Shanmugaratnam had previously referred to cryptocurrencies as “inherently purely speculative and slightly crazy,” the role of the President in Singapore is mostly …
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South Korean police arrest 312 individuals involved in a cryptocurrency-facilitated drug trafficking network operating on dark web platforms. Key Points South Korean police have intensified their efforts to combat drug trafficking facilitated by cryptocurrencies, resulting in the arrest of 312 individuals involved in a major narcotics bust. The arrests were made by the Seoul Metropolitan Police Agency’s Drug Crime Investigation, …
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Bittrex faces a $24 million fine for alleged unregistered securities exchange operation amid the SEC’s intensified crackdown on the crypto industry. Key Points The United States Securities and Exchange Commission (SEC) continues its enforcement action to bring the crypto industry into regulatory compliance. The latest target of the SEC is bankrupt crypto exchange Bittrex, which has agreed to pay a …
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