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Cryptocurrency News

Location American Cryptocurrency News for 13 October 2023
Time to Dump Ethereum (ETH) and Buy Bitcoin (BTC)? 3 Reasons Why That Might Be a Good Idea It's been an ugly month so far for Ether (ETH), the cryptocurrency that powers the Ethereum network, that remains the dominant blockchain used to power most sectors within web3, including DeFi, NFTs, GameFi, GambleFi and...
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BitVM's goal is to scale Bitcoin, not be a pseudo-Ethereum, says dev Building a decentralized exchange on Bitcoin would be a "step backward," for example, said Bitcoin developer Super Testnet.
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Coinbase Executive Urges Congress to Pass 'Sensible' Crypto Legislation Swiftly as Middle East Conflict Escalates Coinbase’s chief legal officer has called on U.S. Congress to pass sensible crypto legislation following reports that Hamas has amassed millions in cryptocurrency amid the escalating Middle East conflict. "We need this...
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Mastercard Announces Successful Wrapped CBDC Trial in Partnership with Reserve Bank of Australia Mastercard has announced a successful demonstration of an innovative solution that enables the wrapping of Central Bank Digital Currencies (CBDCs) on various blockchain networks. This solution emerged from a collaboratio...
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Madeira Launches Bitcoin Business Hub to Drive Regional Innovation The President of Madeira, Miguel Albuquerque, alongside Prince Filip of Serbia, officially announced the establishment of a Bitcoin business hub to promote innovation in the region. This announcement was made earlier tod...
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SEC Won't Appeal Loss in Grayscale Case, Boosting the Odds GBTC Can Become a Bitcoin ETF The decision, reported by Reuters, boosts the odds that Grayscale Investments will be able to turn its Grayscale Bitcoin Trust (GBTC) into a more investor-friendly ETF.
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Coinbase Raises Concerns Over Proposed IRS Tax Regulations on Crypto Coinbase, the largest cryptocurrency exchange, argues that the U.S. Internal Revenue Service (IRS) proposal regarding cryptocurrency tax regulations could potentially harm both the cryptocurrency industry and the privacy...
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Thorswap Resumes Service With 12 Countries Blacklisted and New Partnership to Curb Illegal Transfers On October 6, 2023, Thorswap halted its services temporarily. However, the platform recently declared its return to full operation with some notable modifications. An array of approximately twelve countries are now barre...
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Crypto Whales are Quietly Accumulating This Crypto Coin - What Do They Know? Recently, crypto whales have been discreetly participating in the crypto presale of Launchpad XYZ, a startup that focuses on AI trading in the cryptocurrency sphere. Slated for a comprehensive platform launch in 2023, th...
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Bitcoin Price Prediction as BTC Holds Steady at $26,500 Support - Are Bears Taking Control? Key Points Bitcoin, the world's premier cryptocurrency, faced challenges in sustaining its value, plunging below the $27,000 threshold on Friday. In the last 24 hours, its price largely oscillated around the $26,600 mark...
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BlockFi CEO Zac Prince Blames Bankruptcy on FTX and Alameda in SBF Trial The federal criminal case against Bankman-Fried closed out its second week Friday with engaging testimony from BlockFi founder and CEO, Zac Prince. Prince claimed that BlockFi began lending money to FTX towards the start...
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Is Hamas Using Crypto to Attack Israel? We Don't Know Reports this week about multi-million dollar Hamas crypto financing may have left a faulty impression.
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Ripple Executive and Community Slam Charles Hoskinson Over ETHgate Comments David Schwartz, Ripple's Chief Technology Officer has hit back at Charles Hoskinson over his defense of the Securities and Exchange Commission's (SEC) comments on Ethereum (ETH) over other projects. Popularly called ETHg...
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Ethereum's New Low-Fee Regime May Put Its 'Ultra Sound Money' Thesis to Test The Ethereum network's revenue from fees dropped to its lowest level since April 2020 as speculative activity disappeared and users migrated to layer 2s, IntoTheBlock said.
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Ex-PayPal President David Marcus Labels Bitcoin as Sole 'Neutral Internet Money' On Wednesday, David Marcus, the former president of PayPal and ex-vice president of Facebook, stated that Bitcoin stands alone as the only form of "neutral internet money" in existence during an episode of the What Bitco...
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Former CEO of Miami Investment Firm Pleads Guilty to Crypto Futures Fraud Conspiracy The former CEO of Systematic Alpha Management LLC (SAM) pleaded guilty to a conspiracy to commit commodities fraud involving crypto futures contracts, and he is potentially facing up to a five-year prison sentence. On Oc...
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Ethereum price drops to a 7-month low as data points to more downside ETH price is at risk of trading below a key price support, and multiple data points point to a bearish outlook for the altcoin's price.
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Hamas' Crypto Ties May Lend Energy to Sen. Warren's Money Laundering Bill The revelations that the terrorist group behind last week's attack on villages in southern Israel that left more than 1,200 Israelis dead was partially funded with cryptocurrency may lend additional weight to an effort f...
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Initia Emerges from Stealth Mode with Pre-Seed Funding from Binance Labs Initia, a network designed for highly interconnected modular rollups, has come out of stealth mode with a significant pre-seed investment from Binance Labs, the venture capital and incubation arm of Binance. Initia's pla...
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UK Parliament Committee Cautions Against Soccer Clubs' Fan Tokens The UK House of Commons Culture, Media, and Sport Committee has released a report warning soccer clubs against the use of fan tokens. In a 30-page report, the committee explored the intricacies and challenges presented b...
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SEC Faces Midnight Deadline to Appeal Court Ruling on Grayscale Bitcoin ETF As the clock approaches midnight Eastern Time today, the U.S. Securities and Exchange Commission (SEC) faces an important deadline to appeal a court order regarding Grayscale Investments' Bitcoin ETF application. If the ...
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SBF Trial: Crypto Lender BlockFi Believed Alameda Was Solvent Given Balance Sheet It Was Shown, CEO Testifies BlockFi lost "a little over a billion dollars" due to its involvement with FTX and Alameda Research, Zac Prince said.
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