Tag: Bitcoin
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Taparooswap Launches First AMM on Bitcoin’s L1
Taparooswap, the first decentralized automated market maker (AMM) on Bitcoin’s Layer 1, has launched, opening new DeFi possibilities on Bitcoin. Unlike Ethereum-based platforms such as Uniswap, Taparooswap provides decentralized liquidity pools directly on Bitcoin’s main layer. Users can now swap tokens and add liquidity on a fully decentralized Bitcoin network. Key Highlights: According to the…
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Bhutan transfers $66M in Bitcoin to Binance, 4th largest govt. holder of BTC
The Royal Government of Bhutan has surprised the crypto world by emerging as one of the largest government holders of Bitcoin. Recently, Bhutan transferred 929 BTC (worth approximately $66.1 million) to a Binance deposit address, raising questions about whether the country is taking profits or adjusting its position in the volatile crypto market. This transaction,…
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Japanese leader to lower crypto taxes if elected
Yuichiro Tamaki, leader of Japan’s Democratic Party for the People (DPP), has pledged to lower taxes on cryptocurrency gains if elected. Tamaki’s plan proposes a flat 20% tax on crypto earnings, aligning it with stock market profits, instead of the current system where crypto is taxed as miscellaneous income. He called on voters through a…
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US Spot Bitcoin ETFs see biggest day since June
On October 14, spot Bitcoin exchange-traded funds (ETFs) in the United States recorded their largest inflow in over four months, signaling growing investor enthusiasm as Bitcoin’s market rebound gains momentum. Data from SoSoValue shows that net inflows across 12 Bitcoin ETFs totaled $555.86 million, doubling the $253.54 million recorded the previous day. This increase coincided…
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Peter Todd denies being Satoshi Nakamoto after HBO documentary
Canadian software developer Peter Todd, an early Bitcoin contributor, has firmly denied being the mysterious Satoshi Nakamoto, Bitcoin’s creator, despite fresh speculation spurred by an HBO documentary, Money Electric: The Bitcoin Mystery. The documentary, directed by Cullen Hoback, suggests Todd might be the person behind the pseudonym. However, Todd has brushed off these claims, calling…
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Ripple Payments Expands Reach in Brazil Through Partnership with Mercado Bitcoin
Ripple, widely known as the cross-border payment giant has officially expanded into Brazil with its new Mercado Bitcoin partnership. This strategic partnership is effective for several reasons, including its Ripple Payments solution is set to broaden its reach to the South American nation. Fuelled by the zeal to expand its footprint globally, Ripple has recently…
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Bitcoin is not a security: Gary Gensler
In a recent interview with CNBC on September 26, 2024, SEC Chairman Gary Gensler clarified that Bitcoin does not meet the definition of a security under U.S. securities laws. This statement came as a surprise to some, as the SEC under Gensler’s leadership has been highly focused on regulating the broader cryptocurrency market, often classifying…
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Australia with highest growth in Bitcoin ATMs
Bitcoin ATMs are rapidly proliferating in Australia, making it the fastest-growing market for these kiosks globally. Users of these ATMs can deposit cash to receive cryptocurrency in digital wallets or withdraw cash from crypto sales. The United States leads the market with around 32,000 machines, followed by Canada with 3,000. Australia has surged to third…
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Dormant whale wallet moves 174 Bitcoin
A dormant whale Bitcoin wallet that had been inactive since 2014 suddenly became active, moving over 174 bitcoins valued at more than $102 million. Blockchain data reveals that this wallet, which received 174.88 BTC on January 8, 2014, transferred funds for the first time on August 16, 2024. According to blockchain explorer Blockchair, the wallet’s…
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US govt sends $594m Bitcoin to Coinbase
The U.S. government transferred Bitcoin worth $593.5 million to its favored crypto brokerage, Coinbase Prime, on August 14, as reported by Arkham Intel. This transfer involved a 10,000 BTC tranche sent to the wallet “bc1ql” two weeks prior. The U.S. government has accumulated a total of approximately 69,370 BTC from the Silk Road seizure. This…