Several companies could enter the stablecoin market in the near future. BitGo has already confirmed its token. Crypto custodian BitGo unveiled a new stablecoin on September 19, joining several other dollar-pegged tokens currently on the market. The company said that its stablecoin, called USD Standard, will be available starting in January 2025 under the ticker …
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This article explores cloud mining, with a focus on BitconeMine as the leading platform to help you start earning $700 or more per day. In the fast-paced world of cryptocurrency, simplicity and profitability are key. For beginners seeking an attractive option to earn a steady income with minimal effort, cloud mining offers an attractive alternative. …
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Zhu Guangyao, former deputy Finance Minister of China, called on the government to re-evaluate its approach to Bitcoin and crypto, stressing the need for deeper research into the technology, according to local media reports. Speaking at the 2024 Tsinghua Wudaokou Chief Economist Forum on Sept. 28, Zhu warned of the risks posed by digital assets …
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Japanese investment company Metaplanet has made its largest number of Bitcoin purchases to date, following the acquisition of 107.913 BTC for around 1 billion yen (equivalent to $6.9 million), as per an Oct. 1 statement. This marks Metaplanet’s eleventh Bitcoin acquisition since its first purchase on April 23, according to data from Bitcoin Treasuries. With …
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Asset manager Bitwise filed for an XRP exchange-traded fund (ETF) on Sept. 30 with Delaware’s Division of Corporations. The document consists of a registration for a Delaware statutory trust, a legally recognized trust set up for business. Bitwise CIO Matt Hougan confirmed the development and told CryptoSlate that more information would be released in the coming days. The most …
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Malicious actors stole more than $750 million in various crypto-related hacks and scams during the third quarter, pushing total losses for the year to over $1.9 billion, according to CertiK’s quarterly Hack3d security report. The losses were incurred in 155 separate incidents, showing a 9.5% rise in stolen funds compared to the previous quarter. However, …
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Former BitMEX CEO Arthur Hayes attributed Bitcoin’s (BTC) rise as the “best-performing asset in human history” to global monetary policies, particularly money printing, rather than regulatory changes. Hayes shared his insights during a Sept. 30 appearance on The Big Whale, where he also explained how inflationary fiscal policies have played a pivotal role in Bitcoin’s …
BitGo, a leading digital asset custodian, will offer custodial services for USDA, a Cardano-based stablecoin, according to an Oct. 1 press release. The collaboration involves BitGo Trust, USDA’s issuer Anzens, and EMURGO, the tech provider behind the Anzens platform. Their combined efforts will focus on creating a secure stablecoin solution for the Cardano blockchain that …
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Bitcoin (BTC) crashed in tandem with stock markets on Oct. 1 as tensions continued to escalate in the Middle East after Israel announced ground operations in Lebanon, which has prompted Iran to take action. The official account of Israel Defense Forces on X shared at 4:36 P.M. UTC that Iran was firing rockets at Israeli …
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Nigeria began selling crude oil to billionaire Aliko Dangote’s new refinery in naira on October 1st. This “oil for naira” scheme aims to ease pressure on the struggling Nigerian currency, the naira, which has lost significant value this year. However, the success of the scheme is uncertain. While Nigerians hope it will reduce fuel prices, …
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On Tuesday, major U.S. stock indices, including the Nasdaq Composite, Dow Jones Industrial Average, Russell 2000, and S&P 500, all closed in negative territory, driven by growing concerns over potential conflict escalation in the Middle East. According to the U.S. State Department, Iran launched nearly 200 ballistic missiles toward Israel. Following the announcement, bitcoin dipped …
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The Central Bank of Tanzania will purchase 20% of all the gold directed for exports as the country prepares to diversify its reserves. The movement is seen as a reaction to the current acceleration of gold prices, with Tanzania aiming to amass at least 6 tones of gold this financial year. Mining Regulator in Tanzania …
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The GoBTC Foundation, established by Gomining, has been officially launched to strengthen Bitcoin’s onchain ecosystem. The foundation’s creation aims to support initiatives that foster greater transaction activity and ecosystem growth. Foundation Established to Foster Bitcoin’s Infrastructure Growth Gomining states that the GoBTC Foundation operates as a vertically integrated entity, focusing on Bitcoin’s layer one (L1) …
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The Tokyo Stock Exchange listed Metaplanet Inc. has purchased an additional 107.913 bitcoins (BTC) worth $69.42 million (one billion yen). This brings the company’s total bitcoin holdings to 506.745 BTC, acquired at an average price of $65,101. Metaplanet’s latest BTC purchase comes just under two months after it announced a $70 million stock rights offering …
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On Monday, eigenlayer (EIGEN) made its debut on major exchanges, hitting a peak of $4.47 per token. However, by 1:30 p.m. EDT on Oct. 1, the price had dipped 12%, settling at $3.90 per coin. By 2 p.m. it was exchanging hands for $4.30 per unit. EIGEN Token Hits Crypto Market A new contender has …
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