Category: News
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Rise In DOGE Whale Activities
Dogecoin (DOGE), the eighth-largest cryptocurrency, is witnessing a notable surge in whale activity. In the past 24 hours, the number of $1 million transactions has skyrocketed, indicating significant movement among large holders. Data from blockchain analytics platforms reveal that over 150 transactions, each exceeding $1 million, have been recorded during this period. This surge suggests…
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Coingecko data breach affects 2 million users
Coingecko Data Breach: June 5 Incident Exposes User Information On June 5, 2024, Coingecko experienced a significant data breach that compromised the personal information of nearly 2 million users. The breach originated from its third-party email platform, Getresponse. Getresponse Email Platform Breach Impacts Coingecko Users Coingecko detected unusual activity on its third-party email marketing platform,…
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Is China’s Crypto Ban Over as Bybit Resumes Registration?
Bybit, the third-largest offshore cryptocurrency exchange, has resumed user sign-ups and ID verification in Mainland China, despite previous bans and ongoing regulatory contradictions. This unexpected move signals potential shifts in China’s cryptocurrency policies. Bybit Reopens to Chinese Users Bybit’s decision to reintroduce registration features for Chinese residents comes as a surprise. Despite previously complying with…
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VISA and Mastercard Payments back on Binance
Binance, the leading cryptocurrency exchange globally, has reinstated the option for users to purchase cryptocurrencies using Mastercard. According to a June 6 post on X, Binance has resumed enabling cryptocurrency transactions via bank transfers with Mastercard debit and credit cards to ensure “smooth transactions.” On Binance’s platform, users can now utilize Mastercard for crypto purchases,…
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Uzbekistan’s Islamic Authority retracts Crypto fatwa
Uzbekistan’s highest Islamic authority has retracted a fatwa against cryptocurrency, blaming “carelessness” for its appearance online and saying it is still studying the issue. On the evening of June 3, the Fatwa Center issued an apology on Telegram for the anticipated ruling, citing “carelessness” and “technical reasons” as the cause. As of the beginning of 2023, residents…
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Turkey Rules Out Crypto Profit Tax, Considers Transaction Tax
Turkey will not tax crypto profits but is considering a limited transaction tax on these assets. Details are still being discussed, according to Finance Minister Mehmet Simsek. Turkish Treasury and Finance Minister Mehmet Simsek announced that there are no current plans to tax profits from cryptocurrencies. However, the government is contemplating a “very limited” transaction…
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3 Horse Race Between NVIDIA, Microsoft and Apple
On June 5, U.S. chipmaker Nvidia briefly surpassed Apple to become the world’s second most valuable company by market capitalization, before slipping back to third place. Nvidia’s market cap soared to over $3.01 trillion, just shy of Microsoft’s leading $3.1 trillion valuation. Apple reclaimed its position as the U.S. markets opened on June 6, reaching…
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Robinhood to Acquire Global Crypto Exchange Bitstamp in $200 Million Deal
Robinhood plans to acquire Bitstamp for $200 million, expanding its global crypto presence and enhancing services with Bitstamp’s extensive customer base and advanced crypto offerings.
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VanEck predicts a $22k $ETH by 2030
The Ethereum ecosystem has been growing rapidly in the past four years, with the number of daily users having 9x’d in that period. Put on top of that the latest clearance for $ETH ETFs in the US and there are large firms taking notice. Src: Bitwise In a tweet on 6th June 2024, VanEck’s official…
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Coinbase Unveils Smart Wallet, Aiming to Bring 1 Billion Users to Crypto
In a move geared towards simplifying DeFi access, leading U.S. crypto exchange Coinbase has launched its highly anticipated Smart Wallet. Promising easy setup and gasless transactions, the wallet targets newcomers to the decentralized finance space. Siddharth Coelho-Prabhu, Coinbase’s senior director of product management, introduced the Smart Wallet in a recent blog post. He highlighted its…