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Strategy, a publicly traded business intelligence firm, acquired 487 Bitcoin for $49.9 million at an average price of $102,557 per Bitcoin last week.The purchase reinforces Strategy's position as a leading corporate Bitcoin holder. The company continues its pattern of regular Bitcoin acquisitions fu…
Bitcoin’s price struggled to regain momentum last week, hovering just above the $100,000 threshold after a turbulent start to November. The entire market sentiment is somewhat fragile following heavy selling pressure from large holders, and on-chain data points to major whale movements that may be a…
Bybit is considering acquiring Korbit, South Korea's fourth-largest crypto exchange, as the international platform seeks to expand its presence in the key Asian market, Maeil Business Newspaper reported on Monday.The talks reportedly began after the Financial Intelligence Unit approved Binance’s rep…
Acting Chair of the US Commodity Futures Trading Commission (CFTC) Caroline Pham is in talks with regulated US crypto exchanges to launch leveraged spot crypto products as early as next month.In a Sunday X post, Pham confirmed that she is pushing to allow leveraged spot crypto trading in the US and …
The Bank of England has launched a consultation on its proposed regulatory regime for sterling-denominated "systemic" stablecoins and a potential digital pound.Published on Monday, the consultation paper outlines how such stablecoins could operate alongside existing payment systems for both retail a…
Crypto trader the White Whale, who had offered to serve as an advisor to crypto exchange MEXC, has retracted his offer. This came as he highlighted a ‘structural rot’ within the exchange, which puts customers at risk of losing their coins. Crypto Advisor Exposes ‘Structural Rot’ Within MEXCIn an X p…
Japan's Financial Services Agency (FSA) is considering a new system that would require digital asset custodians and trading management services to notify and register with authorities prior to offering their services to crypto exchanges.According to a report from Nikkei, a working group under the Fi…
Bitcoin plunges below $100K first time since June amid crypto market correctionThe leading cryptocurrency plunged to the lowest level since June while major altcoins got hit even harder.Price drop. Bitcoin fell below the $100,000 mark for the first time since June 22.Bitcoin, the flagship cryptocurr…
After 40 days of political gridlock, the US federal government appears close to reopening, and crypto traders are once again betting that history may repeat itself.The latest US government shutdown is the longest in history, after the past went for 35 days between December 22, 2018, to January 25, 2…
Binance is hosting an AMA (Ask Me Anything) with the Polygon CEO. Large AMAs with well-known leaders can bring much attention to the involved assets, like BFUSD and BNB. If they announce new partnerships, products, or integration news, prices may rise quickly. On the other hand, if no special news c…
Gas fees on the Ethereum layer-1 blockchain dropped to just 0.067 Gwei on Sunday, amid a lull in the crypto markets sparked by October’s historic market crash.The average price for executing a swap on Ethereum is just $0.11, non-fungible token (NFT) sales carry a fee of $0.19, bridging a digital ass…
Caroline Pham, acting chair of the Commodities Futures Trading Commission (CFTC), confirmed a report from CoinDesk that the agency is in direct talks with regulated exchanges to launch spot crypto trading, including leveraged offerings, as soon as next month. Pham confirmed the report in a post on X…