Crypto News Archives - Page 25 of 92

Discover why Texas is a Bitcoin paradise

US Senate’s Bitcoin Miner Calls Texas a Bitcoin Paradise

Crypto News / Leave a Comment / DOC / December 23, 2024

Bitcoin mining has always sparked intense debates about its environmental impact, regulatory hurdles, and economic potential. However, in a surprising twist, Texas has emerged as a beacon for Bitcoin enthusiasts. U.S. Senator Ted Cruz has taken a vocal stance, calling Texas a “Bitcoin paradise” for its crypto-friendly policies, abundant resources, and entrepreneurial spirit. But what […]

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Bitcoin ETFs weekly inflow remained $449.26M despite negative last two days

Crypto News / 1 Comment / RIZ A / December 23, 2024

Bitcoin ETFs Weekly Inflows and Outflow In the week ending December 22, 2024, Bitcoin ETFs experienced a net inflow of $449.26 million, despite significant outflows in the latter part of the week. This influx underscores sustained investor interest in Bitcoin ETFs, even amid market volatility. On December 20, 2024, Bitcoin ETFs recorded an outflow of

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Illustration of crypto hedge funds experiencing banking troubles

Banking Troubles: 75% of Crypto Hedge Funds Struggle

Crypto News / Leave a Comment / DOC / December 22, 2024

Cryptocurrency hedge funds are facing unprecedented challenges in securing banking services. With about 75% of these funds encountering banking woes, the situation sheds light on an ongoing issue of discrimination against the crypto industry. This article explores the causes, implications, and potential solutions for these banking troubles. What Are Banking Troubles in Crypto? Banking troubles

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Ripple’s Record $5M XRP Donation for Trump-Vance Ceremony

Crypto News / Leave a Comment / DOC / December 21, 2024

Ripple’s $5M XRP donation to the Trump-Vance Inaugural Committee has made headlines, marking a significant moment in the intersection of cryptocurrency and politics. This unprecedented contribution highlights Ripple’s strategic alignment with the incoming administration and the crypto industry’s growing political engagement. What Is Ripple’s 5M XRP Donation? Ripple donated $5 million worth of XRP to

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Bitcoin ETFs Saw a $680M Net Outflow in a Single Day

Crypto News / 1 Comment / Millie Daisy / December 20, 2024

On December 19, 2024, Bitcoin exchange-traded funds (ETFs) experienced unprecedented net outflows totaling $680 million, marking the largest single-day withdrawal this year. This significant movement coincided with a notable decline in Bitcoin’s price, which hovered around $96,409, and was accompanied by over $1 billion in market liquidations within a 24-hour period. Major Contributors to the

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Binance.US plans to reinstate USD services in early 2025-Norman Reed

Crypto News / Leave a Comment / RIZ A / December 19, 2024

Binance.US, the American subsidiary of the global cryptocurrency exchange Binance, has announced plans to reinstate USD services by early 2025. This development marks a significant milestone for the platform, which had previously suspended fiat operations amid regulatory challenges. Background of Binance.US and Its USD Services Established in 2019, Binance.US aimed to provide a compliant trading

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ASIC-case-on-Binance-over-neglecting-Consumer-protections

ASIC Sues Binance for Neglecting Important Consumer Protections

Crypto News / Leave a Comment / RIZ A / December 18, 2024

The Australian Securities and Investments Commission (ASIC) has initiated legal action against Binance Australia Derivatives. The regulator alleges that Binance misclassified over 500 retail clients as wholesale investors between July 2022 and April 2023. This misclassification denied these clients essential consumer protections under Australian financial laws. Background of the Allegations Retail clients in Australia are

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Virginia Man Found Guilty of Funding ISIS with Crypto

Crypto News / Leave a Comment / RIZ A / December 18, 2024

In a case that has raised serious concerns about cryptocurrency misuse, a Virginia man was found guilty of funding ISIS. The conviction has ignited debates about digital currencies’ regulation and their potential exploitation by terrorist organizations. Case Overview Mohammed Azharuddin Chhipa, a 35-year-old resident of Springfield, Virginia, was convicted of transferring $185,000 in cryptocurrency to

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FTX to Distribute First Payment in 2025: BitGo and Kraken Will Assist

Crypto News / Leave a Comment / RIZ A / December 16, 2024

FTX to distribute first payment to creditors in 2025 is announced from platform. FTX, the once-prominent cryptocurrency exchange, filed for Chapter 11 bankruptcy protection in November 2022 following a dramatic liquidity crisis. The process of asset recovery has been challenging, but significant progress has been made in structuring the distribution plan. Understanding FTX’s Bankruptcy and

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Chart showing El Salvador’s Bitcoin profits crossing $360M.

El Salvador’s Unrealized Profit Hits $360M as Bitcoin Peaks

Crypto News / Leave a Comment / DOC / December 16, 2024

El Salvadors bold Bitcoin investment strategy has once again grabbed the spotlight as the nation’s unrealized profits from its Bitcoin holdings soared past $360 million. With BTC peaking above $106,000, this milestone showcases the growing influence of cryptocurrency on global economies. What Led to El Salvador’s Unrealized Profit Surge? Bitcoin’s Unprecedented Price Surge Bitcoin recently

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