Crypto analyst Gargoyle has advised market participants not to buy Bitcoin until it sees high volume, which could mark the bottom. This comes amid BTC’s recent drop below the psychological $80,000 level, with the leading crypto at risk of another decline. Analyst Advises Against Buying Bitcoin Until Bottom Is Confirmed In an X post, Gargoyle …
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Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing …
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The US CLARITY Act, which aims to provide the US crypto industry with more regulatory clarity, could have a positive ripple effect beyond the crypto sector itself, according to venture capital firm a16z crypto. “If the US provides builders with regulatory clarity, it will be a boon for domestic innovation,” a16z crypto said in an …
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Investors are mispricing risk for perpetual preferred stocks, like Bitcoin treasury company Strategy’s Variable Rate Series A Perpetual Stretch Preferred Stock (STRC), according to Matt Dines, the chief investment officer of credit asset management company Build Markets. The corporate issuers of perpetual preferred stocks never have to repay holders their principal investment, and can just …
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Bitcoin treasury company Strategy announced on Friday that it will repurchase $1.5 billion in 0% convertible notes, due in 2029, retiring about half of the 2029 convertible note tranche’s total outstanding debt. Strategy entered into “privately negotiated transactions” with a portion of its 0% senior convertible note holders on Thursday, agreeing to repurchase the debt …
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Bitcoin (BTC) circled $78,000 on Saturday after geopolitical headwinds erased most of its May gains. Key points: Bitcoin falls below $78,000 for the first time since the start of May. Oil-supply woes combine with existing nerves over US bond markets, adding to headwinds for risk assets. Support weakness has traders looking at $75,000 and under …
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Hackers are reportedly targeting 59 banking, fintech and cryptocurrency platforms while spreading through popular applications such as WhatsApp and Outlook. A trojan called TCLBanker is hitting Windows systems through tainted Microsoft installation packages, reports BleepingComputer. It was discovered by Elastic Security Labs, whose researchers believe it is a major evolution of the older Maverick and Sorvepotel …
OpenAI and the Maltese government have announced a world-first partnership to roll out ChatGPT Plus to all Maltese citizens, marking the first time a government has struck such a deal with the AI company. Under the programme, citizens who complete a government-backed AI literacy course will receive free access to ChatGPT Plus for one year, …
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The personal information of 123,158 people may have been exposed after a financial services firm suffered a ransomware-related cybersecurity incident. According to new data from the Maine Attorney General, the American Lending Center reported an external system breach affecting 123,158 individuals, including 120 Maine residents. The Irvine, California-based financial services firm says the breach occurred …
The former CEO of a publicly traded healthcare services company has been sentenced to five years in prison for his role in a $212.5 million investment fraud scheme. The U.S. Department of Justice (DOJ) says Parmjit Parmar, also known as Paul Parmar, pleaded guilty to conspiracy to commit securities fraud and was sentenced on May …
Ethereum needs three catalysts to fall into place for its price to regain momentum and surge higher, according to SharpLink Gaming CEO Joseph Chalom. “One is the CLARITY Act to pass in the US,” Chalom pointed out in an interview with Robert Baggs on Cointelegraph’s Chain Reaction show published to YouTube on Thursday. It came …
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THORChain has confirmed a $10 million exploit and launched a recovery portal, giving affected users a self-custodial path to revoke malicious token approvals and submit refund claims backed by a treasury-provisioned refund pool of equal size. In a Saturday post on X, THORChain Foundation introduced the recovery portal, saying that “affected users are now able …
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Spot Bitcoin exchange-traded funds (ETFs) recorded $1 billion in weekly net outflows, ending a six-week inflow streak that had drawn a combined $3.4 billion. The week started on a cautiously optimistic note, with Monday posting modest inflows of $27.29 million, according to data from SoSoValue. The tide turned sharply on Tuesday, when investors pulled $233.25 …
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Google has agreed to shell out tens of millions of dollars to settle a class-action lawsuit, alleging that the tech giant recorded user conversations without consent. According to the settlement administrator’s portal, Google has agreed to pay $68 million to settle the lawsuit that was filed following accusations that Google Assistant wrongfully collected, used and …
Sentiment around Bitcoin’s near-term price direction has picked up as momentum builds behind the US CLARITY Act, which aims to provide the crypto industry with greater regulatory clarity, according to crypto sentiment platform Santiment. “Bitcoin has seen a major spike of euphoria across social media following news that the Senate Banking Committee advanced the CLARITY …
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