Category: News
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Russia legalizes crypto mining from Nov ’24
Russia’s State Duma has passed two major crypto-related laws. The first law, starting on November 1, 2024, legalizes cryptocurrency mining in Russia. It allows only registered legal entities and individual entrepreneurs with the Ministry of Digital Development to engage in mining. Unregistered individuals can operate mining rigs, but only within specific energy consumption limits. Oversight…
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Tether Announces Record $5.2 Billion Profit for First Half of 2024
Tether Holdings Limited has reported an unprecedented net profit of $5.2 billion for the first half of 2024, as revealed in its latest assurance opinion for the second quarter. Conducted by BDO, the report highlights Tether’s substantial growth and increased investments in U.S. Treasury bills. Mid-Year Financial Overview Tether, the world’s leading stablecoin issuer, has…
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Trump reportedly secured $25 millions in donations
At the Nashville Bitcoin Conference, former President Donald Trump reportedly secured $25 million in donations, as revealed by Fox Business journalist Eleanor Terrett. Terrett noted on X (Twitter) that this substantial amount was confirmed by Bitcoin Magazine CEO David Bailey. This fundraiser is part of a broader effort to engage with the crypto community. Since…
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FOMC Meeting: Impact on Crypto Market
The US Federal Reserve will announce its fifth interest rate decision for 2024 later tonight (July 31) after a two-day FOMC Meeting. Wall Street expects the US central bank to keep the benchmark interest rates between 5.25% – 5.50%. However, market participants will focus on hints that lift bets of a rate cut in September.…
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Goldman Sachs CEO David Solomon Explores Bitcoin’s Role as a Store of Value
Goldman Sachs CEO David Solomon Explores Bitcoin’s Role as a Store of Value Goldman Sachs CEO David Solomon recently shared his views on Bitcoin during an interview with CNBC at the Summer Olympics in Paris, France. Solomon reiterated his stance on Bitcoin, stating, “I’ve always said I think it’s a speculative investment. I don’t see…
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US Debt Hits $35 Trillion : Bitcoin Buy Signal?
The US debt has reached an unprecedented milestone, hitting $35 trillion for the first time in history. This astronomical figure is not just a number but a significant indicator for the financial markets, especially Bitcoin. Here’s why this news is crucial for Bitcoin investors. Track Live Debt Here US Debt and Its Implications Why US…
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US Govt moves $2B in Bitcoin amid Trump’s promise
On July 29, the United States government moved $2 billion worth of Bitcoin, just two days after former President Donald Trump vowed that the US would never sell any of its Bitcoin holdings during a speech at the Bitcoin 2024 conference in Nashville, Tennessee. According to Arkham Intelligence, the government transferred 29,800 Bitcoin, which were…
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Wazirx Assures Users: Cyberattack Poll Not Final
Indian crypto exchange Wazirx has assured users that the recent poll conducted to gather input for reopening the platform after a major cyberattack is not final and is “not legally binding upon the users or Wazirx.” Co-founder Nischal Shetty emphasized the importance of community input and promised ongoing transparency, announcing plans for a feedback form…
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Bitcoin Hashrate Hits ATH, What’s Next?
Bitcoin’s hashrate has reached an all-time high (ATH) of 662.74 EH/s as of July 29, 2024. This milestone marks a significant achievement in the Bitcoin network’s history and highlights the increasing security and computational power dedicated to the cryptocurrency. The consistent growth in hashrate is a testament to the network’s robustness and its ongoing appeal…
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Fake Bitcoin 2024 Livestreams Featuring Elon Musk Scam Viewers
Even though the Bitcoin 2024 event has concluded, a deepfake scam featuring Elon Musk has surfaced on YouTube, posing as the official Bitcoin 2024 livestream. Over the past three days, this scam has deceived many users into losing their crypto assets, with one video alone collecting over $28,000 in Bitcoin, Ether, and Dogecoin. The scam…