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Bitcoin’s Soaring Surge to $35,000 Wipes Out $232 Million in Short Positions in Just 24 Hours

On October 24, 2023, bitcoin (BTC) witnessed an impressive 13% surge during the early morning trading hours, Eastern Time (ET). This surge propelled bitcoin's value to $35,108 per unit, resulting in a significant boost for the entire cryptocurrency market, which surged by over 10%. As the market soared, traders who had bet against crypto assets

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Bitcoin Futures Open Interest Soars as Market Enthusiasm and ETF Anticipation Rise

Bitcoin Futures Market Gains Momentum The open interest (OI) in Bitcoin futures has experienced a significant surge in the past 24 hours, with CME Group's OI reaching an impressive milestone of 100,000 bitcoins, equivalent to $3.4 billion. This surge is not limited to CME Group; platforms such as Binance, Deribit, Bitget, and Okx are also

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Robert Kiyosaki Reveals His Investment Strategy: A Divergence from Warren Buffett

Introduction Robert Kiyosaki, the renowned author of the best-selling book Rich Dad Poor Dad, has recently shared his investment strategy, highlighting its differences from the approach favored by investing legend Warren Buffett. In this article, we will delve into Kiyosaki's investment philosophy and compare it to Buffett's value investing strategy. Robert Kiyosaki's Investment Approach Kiyosaki

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Bukele Likely To Step Down As President To Seek A Second Term

The Constitutional Framework In recent weeks, there has been speculation that President Nayib Bukele of Bitcoin Country, El Salvador, will step down from his current role in order to pursue a second term in office. This move, however, depends on obtaining a special license from the Salvadoran Legislative Assembly, which requires three-quarters approval from the

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Dogecoin and Polygon Surge as Cryptocurrency Market Remains Bullish

Dogecoin (DOGE) Dogecoin experienced a significant rise of over 10% at the beginning of the week, demonstrating the overall bullish sentiment in the cryptocurrency market. The global market cap for cryptocurrencies has also increased by 2.34% at the time of writing, coinciding with a surge in global stock indices. Notably, Dogecoin broke through a key

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Worldcoin Adjusts Token Strategy; Shifts Orb Rewards and Alters Market Maker Agreements

Worldcoin Updates Token Supply and Loan Agreements Worldcoin, a project that utilizes iris biometrics for creating a unique human identity database, announced on Sunday that it is making changes to the distribution of its circulating WLD token supply and its market maker loan agreements. The project, which was launched in July, will reduce the loan

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Bitcoin: A Tool to Protect Against Inflation Tax, Says Mexican Billionaire

Mexican billionaire Ricardo Salinas believes that bitcoin can serve as a safeguard against inflation tax, as the cryptocurrency cannot be debased. In an interview with Bitcoin Magazine, Salinas emphasized that people's savings are being taken away without their knowledge or consent. He described the debasement of currency as a deceptive tactic employed by fraudsters to

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The Abraxas Bitcoin Scandal: $144M in Bitcoin Suddenly Moved to Mixer

A Brief History of Abraxas Abraxas, a darknet marketplace, launched on December 13, 2014, around the same time as other notorious platforms like Alphabay and Agora. However, it exit scammed less than a year later, in November 2015, leaving its customers and vendors high and dry. The stolen bitcoins from Abraxas, which were worth approximately

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Ex-General Counsel Reveals Startling Details in FTX’s $7B Fraud Trial

Former FTX Lawyer Uncovers Shocking Transfers Former general counsel of FTX, Can Sun, testified in federal court on Thursday, shedding light on the secret transfers made by FTX founder Sam Bankman-Fried (SBF). Sun expressed his shock upon discovering that billions of dollars in customer funds had been secretly transferred to SBF's hedge fund, Alameda Research.

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