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The world of cryptocurrency is seeing a significant resurgence in capital inflows, with the total reaching $533 million for the week ending August 24, 2024. According to the latest report from CoinShares, the digital asset investment sector continues to gain momentum, marking the third consecutive week of positive growth. This
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In a major move to combat illegal financial activities, the Federal Financial Supervisory Authority of Germany (BaFin) has recently confiscated 13 cryptocurrency ATMs that were operating without proper licensing. The operation highlights the increasing scrutiny of cryptocurrency transactions and the role of regulatory bodies in ensuring compliance within this rapidly
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In recent weeks, the cryptocurrency market has witnessed significant movements, with Ethereum taking center stage. Since the launch of the Ethereum-based exchange-traded fund (ETF) on July 23, 2024, Ethereum’s price has plummeted by approximately 26%. With over $1 billion in trading volume on the first day of the ETF&
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In a recent blog post, Starknet Foundation announced that its CEO, Diego Oliva, will be stepping down from his position. He will be succeeded by James Strudwick, who has been with the organization since January 2024. Diego Oliva's tenure at Starknet Foundation has been marked by significant growth
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Introduction In a significant blow to the cryptocurrency sector, PeckShield's latest report reveals that the industry suffered losses amounting to $266 million due to hacking incidents in July 2024. This alarming figure highlights the ongoing vulnerabilities within the digital asset landscape, where hackers continue to exploit weaknesses for
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In a landmark announcement at the Bitcoin 2024 conference, Senator Cynthia Lummis of Wyoming revealed an ambitious new bill aimed at bolstering the United States' economic strength through the acquisition of one million Bitcoin (BTC). This move, she asserts, will play a crucial role in reinforcing the US dollar
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In an unexpected turn of events, Kamala Harris, the potential candidate from the Democratic Party for the upcoming U.S. presidential election, is considering making an appearance at the highly anticipated Bitcoin Conference set to take place from July 23 to 25. The conference, already generating buzz with scheduled speakers
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Expanding Horizons: Ferrari's Foray into Cryptocurrency Payments In a groundbreaking move that showcases its innovative spirit, Ferrari, the renowned Italian luxury sports car manufacturer, has announced that it will now accept cryptocurrency payments for its vehicles in Europe. This initiative builds on the company’s existing program in
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Grayscale Investments has announced the launch of the Grayscale Decentralized AI Fund, a new investment product focusing on decentralized AI projects within the blockchain space. This fund represents an exciting new direction for the company, which has been at the forefront of investment in groundbreaking technologies since its founding in
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Introduction In a landmark development for the cryptocurrency industry, BitMEX, a prominent cryptocurrency exchange and derivative trading platform, has admitted to violating the United States Bank Secrecy Act (BSA). This admission marks a significant turn in the ongoing legal battle between BitMEX and U.S. authorities, emphasizing the critical need
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In a significant financial move, the German government recently received 3,000 bitcoins (BTC) from major cryptocurrency exchanges. This transaction was facilitated by well-known platforms such as Kraken, Coinbase, and Bitstamp, according to a report by Arkham Intelligence. At the time of the transaction, these assets were valued at approximately
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In a recent analysis by Lookonchain experts, Ethereum has emerged as the leader in blockchain fee revenue, raking in a staggering $2.72 billion over the past year. This impressive figure positions Ethereum at the top of the list, significantly outpacing its closest competitor, Bitcoin, which generated $1.30 billion