Crypto news
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Cryptocurrency
Two Major US Bitcoin Miners Purchase $2 Billion in BTC: Report
Major Bitcoin Mining Firms Make Strategic Investments In a recent and notable development within the cryptocurrency market, two major Bitcoin mining companies in the United States—Marathon Digital Holdings (MARA) and Hut 8 (HUT)—have made substantial investments in Bitcoin (BTC) amid a market downturn. On December 19, 2024, both companies announced their significant acquisitions via posts on X, previously known as Twitter. MARA Holdings revealed a purchase of 15,574 BTC valued…
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Cryptocurrency
Two Major US Bitcoin Mining Firms Secure $2 Billion in BTC: Report
In a strategic move amidst a recent downturn in the cryptocurrency market, two major publicly listed Bitcoin mining firms in the United States, Marathon Digital Holdings (MARA) and Hut 8 (HUT), have made substantial investments in Bitcoin (BTC). On December 19, 2024, both companies took to X (formerly Twitter) to announce their significant purchases of Bitcoin, with MARA acquiring 15,574 BTC valued at approximately $1.53 billion, and Hut 8 acquiring…
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Cryptocurrency
ADA Bears Aim for $0.64 Following a 14% Price Decline
In recent trading sessions, Cardano’s ADA has experienced a notable decline, currently down by over five percent, with its price dipping below the critical $1 threshold. Over the past week, the cryptocurrency has seen a decrease exceeding 14 percent. Although the ADA chart indicates a minor correction, significant changes have yet to materialize, leaving investors pondering the market’s future direction. Understanding the Current Market Waves The prevailing question for investors…
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Cryptocurrency
ADA Bears Aim for $0.64 Following 14% Price Decline
Cardano’s ADA has been experiencing a significant downturn, dropping by over five percent and trading below the pivotal $1 threshold. In the past week, the cryptocurrency has decreased by more than 14 percent, indicating a minor correction on the charts without any substantial shifts in the overall market dynamics. Are We in the Fourth Wave of a Larger Correction? The pressing question for investors and analysts is whether the market…
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Cryptocurrency
Binance.US Plans to Restart USD Services in Early 2025, Expecting Supportive Regulatory Environment
In an exciting turn of events, Binance.US has announced its intention to resume USD services in early 2025, anticipating favorable changes in U.S. cryptocurrency regulations. The exchange had previously suspended its fiat operations in 2023 due to mounting regulatory pressures and allegations from the Securities and Exchange Commission (SEC). Interim CEO Norman Reed highlighted the significant impact of the current SEC administration on American consumers and the crypto industry, including…
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Cryptocurrency
Binance.US Plans to Restart USD Services in Early 2025, Hoping for Supportive Regulations
In a strategic move set to reshape its operations, Binance.US is planning to reinstate USD services by early 2025, aligning with expected shifts in U.S. cryptocurrency regulations. The prominent exchange had previously suspended its fiat operations in 2023 due to mounting regulatory scrutiny and claims from the Securities and Exchange Commission (SEC). Unpacking the SEC’s Regulatory Challenges The challenges faced by Binance.US were amplified in June 2023 when the SEC…
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Cryptocurrency
Gensler’s Unexpected Promotions Stir Speculation on Ripple Case Result
Introduction to Gensler’s Strategic Reshaping In recent developments within the Securities and Exchange Commission (SEC), Chair Gary Gensler has been subtly yet strategically reshaping the organization’s Enforcement Division. This transformation has involved promoting five senior officers, many of whom have been instrumental in the SEC’s enforcement actions related to cryptocurrency. Unlike typical promotions that span several years and are usually accompanied by public announcements, these changes were implemented quietly, sparking…
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Cryptocurrency
Gensler’s Late Promotions Spark Curiosity Over Ripple Case Verdict
In recent developments, SEC Chair Gary Gensler has been quietly orchestrating significant changes within the SEC Enforcement Division. This transformation involves the promotion of five senior officers, several of whom have played pivotal roles in crypto-related enforcement activities. These strategic promotions, typically spread out over several years, have been executed discreetly, prompting speculation about their timing and underlying motivations. The Implications of Gensler’s Promotions John Reed Stark, a noted crypto-skeptic…
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Cryptocurrency
Why Is Crypto Falling Today? Market Panic Sparked by $588M in Crypto Liquidations
The US stock market recently experienced a significant downturn, shedding over $1.5 trillion in value in a single day, with the repercussions felt across the crypto market as well. This dramatic decline can be attributed to a confluence of factors, including the Federal Reserve’s monetary policy decisions and geopolitical tensions, notably Israel’s airstrikes on Iran-backed factions in Yemen. In this article, we delve into these events and explore their impact…
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Cryptocurrency
Why is Cryptocurrency Declining Today? $588M in Crypto Liquidations Spark Market Concern
US Stock Market Crash: A $1.5 Trillion Loss The United States stock market recently experienced a dramatic downturn, suffering a staggering loss of over $1.5 trillion in a single day. This financial upheaval has reverberated across the global economy, with the cryptocurrency market also bearing the brunt of this sudden decline. A confluence of factors, including the Federal Reserve’s interest rate decisions and geopolitical tensions, such as Israel’s airstrikes on…
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