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Privacy Cryptocurrency Market Faces Downturn in 2023

Decrease in Value of Privacy Cryptocurrencies In 2023, various sectors within the cryptocurrency market have experienced gains. However, the performance of leading privacy-centric crypto tokens has lagged behind their counterparts. Over the last ten months, the market value of the privacy cryptocurrency sector has diminished by $440 million, marking a notable downturn. Market Value Decline […]

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SEC Provides Guidance on Spot Bitcoin ETFs, Encourages Cash Creation Method

SEC's Advice Regarding Spot Bitcoin ETFs The Securities and Exchange Commission (SEC) has reportedly provided specific guidance to exchanges seeking to list and trade spot bitcoin exchange-traded funds (ETFs) on what they should do next. This development brings optimism for spot bitcoin ETF approval by the SEC. Engagement with Exchanges According to Bloomberg ETF analyst

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National Pension Service of South Korea Acquires 282,673 Shares of Coinbase Global

Introduction The National Pension Service of South Korea, the world's third-largest pension fund, has made its first entry into the cryptocurrency sector. According to regulatory filings with the U.S. Securities and Exchange Commission (SEC), the pension fund purchased 282,673 shares of Coinbase Global in the third quarter of 2023. This significant transaction, valued at approximately

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Bitcoin Technical Analysis: $38K Resistance Level Holds BTC Back

Bitcoin Witnesses Notable Price Swing Between November 16 and 17, 2023, bitcoin (BTC) experienced a significant shift in value, with its price swinging from $35,579 to $37,904 within a 24-hour period. Currently, the market activity has stabilized, and bitcoin is trading at $36,387 per unit. Bitcoin's Current Market Position On November 17, 2023, bitcoin (BTC)

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Ethereum Technical Analysis: ETH Slips 4%, Traders Eye Critical Support With Caution

Ethereum's Market Behavior and Recent Decline Ethereum (ETH), the second-largest cryptocurrency by market capitalization, experienced a downturn on Friday, dropping 4.7% against the U.S. dollar. Over the previous week, it has seen a decline of 6.6% in its value. The trading dynamics on November 17, 2023, showcased a complex blend of factors influencing ethereum's market

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German Parliament Member Advocates for Bitcoin to Become Legal Tender

Introduction A member of the German Bundestag, Joana Cotar, has recently expressed her support for recognizing Bitcoin as a legal tender in Germany. In an exclusive interview with Cointelegraph, Cotar emphasized the need for a legal framework to ensure the acceptance of Bitcoin as a legitimate form of payment in the country. Recognizing Bitcoin as

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Meet StocksFC: The Football Stock Market Where Goals Earn You Crypto

A Game-Changer in Sports and Finance Amsterdam, Netherlands – StocksFC, the innovative football (soccer) stock market platform that runs on Ethereum, is proud to announce its astounding success since its inception six months ago. In this short span, StocksFC has redefined the sports investment landscape, presenting fans with an unprecedented opportunity to monetize their football

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Critics Express Concern as Two Major Bitcoin Mining Pools Dominate Over 50% of Hashrate

Introduction Bitcoin's mining industry has recently faced criticism due to the increasing dominance of two major mining pools. With over 50% of the network's total hashrate controlled by these pools, concerns arise regarding the centralization of mining and the potential implications for regulatory compliance. The Nuanced Topic of Hashrate Control Currently, Antpool holds the largest

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Tether Sets Sights on Mining Industry with $500 Million Investment

Tether CEO Reveals Ambitious Plans Tether Holdings Ltd., the issuer of the largest stablecoin in terms of market value and trade volume, is making a bold move into the mining industry. CEO Paolo Ardoino recently announced the company's intention to invest approximately $500 million in its mining business over the next six months. Expanding Mining

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