Major cryptocurrencies were mixed as of early Friday trade, with Bitcoin (BTC) edging back to the $68,000s and Solana (SOL) pushing into the upper $170s and investors monitoring which altcoin might be the best to buy now in order to secure quick gains.
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Category: Cryptocurrencies
Microsoft Wants Shareholders to Say No to Bitcoin Investment Plan
Microsoft advised shareholders to reject a Bitcoin investment proposal, citing volatility as a key consideration.
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Bithumb ‘Owners’ Face Fresh Scrutiny from South Korean Lawmakers, Regulators
The South Korean crypto exchange Bithumb is facing another barrage of questions from regulators and parliamentarians over its ownership structure.
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US Govt Linked Crypto Wallet Hacked, $20M Worth Stablecoins, ETH Drained
The hacker converted the stablecoins into ETH and deposited them into multiple addresses labelled “Binance Deposit.”
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South Korea Mandates Reporting on International Stablecoin Transactions
South Korea plans to launch a virtual asset monitoring system in late 2025, addressing rising illegal foreign exchange activities linked to digital assets.
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Ripple CEO Brad Garlinghouse Expects ‘Forward Progress’ On Crypto After Election
At Washington DC Fintech Week 2024, Brad Garlinghouse expressed optimism about future crypto regulation, highlighting the potential for regulatory advancements depending on the U.S. election results. Both Trump and Harris have targeted crypto voters in their campaigns.
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JasmyCoin Faces Collapse as ‘5 cent’ Meme Coin Gains $1 Million in Funding
The price of decentralized data storage coin JasmyCoin ($JASMY) has begun a sharp fall, dropping 1.4% in the last hour. The adverse price performance comes after a month of losses has sunk $JASMY’s price by 19%. This week, the token fell by 1.3% and now changes hands at $0.01886. By comparison, market leader Bitcoin ($BTC) […]
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Ethereum Price Teeters on 15% Drop as ICO Whale Dumps Another $7.6M ETH: Crash Imminent?
A Prominent Ether whale has escalated their sell-off, dumping another $7.6 million ETH. The last time, of which, preceded a massive 15% Ethereum price crash.
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Tether Proposes Digital Tokenization of Turkey’s Boron Reserves
Tether recently held discussions with Turkish officials about using blockchain technology to create digital tokens representing the country’s vast boron reserves. This potential collaboration could lead to tokenized borate minerals for industrial use, with no definitive agreements reached yet.
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CryptoQuant CEO Predicts Bitcoin Could Be Used as a Mainstream Currency by 2030
Ki Young Ju, CEO of CryptoQuant, predicts that Bitcoin’s role as a mainstream currency could materialize by 2030. He notes the potential of reduced price volatility and institutional adoption as key factors driving this shift, supported by trends in the Bitcoin mining ecosystem and halving events.
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