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Category Archives: Cryptocurrency

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Coinbase and MicroStrategy climb as Bitcoin reclaims $59k

Coinbase and MicroStrategy stocks rose 6% and 7% respectively as Bitcoin surged to above $59,000. Analysts say crypto markets may be choppy amid potential bearish catalysts. Coinbase and MicroStrategy stocks have climbed more than 6% each on Aug. 8 (as of 2 pm ET), gains

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Michael Saylor’s bet on Bitcoin paying off, his BTC holdings now valued at $1B

Michael Saylor personally holds $1 billion in Bitcoin, owning 17,732 BTC. MicroStrategy holds 226,500 BTC, valued at over $12 billion, with a $37,000 average cost. Saylor views Bitcoin as a superior, secure asset and advocates continuous investment. In a recent interview on Bloomberg Television, Michael

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Stripe partners with Bitstamp to bolster crypto purchases for EU users

Stripe and Bitstamp have partnered to make Bitcoin and crypto buying accessible to more users in Europe. Bitstamp will provide fiat-to-crypto conversion support for Stripe. Bitstamp has also partnered with Web3 platform Kryptos to help simplify crypto taxes for customers. Stripe, a leading payments platform

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Bitcoin rebounds after massive sell-off; BRETT and Poodlana shine

Bitcoin trades above $55k after a sharp sell-off that saw it break below $50k. Brett (BRETT) meme coin is leading top gainers among the top 100 coins by market cap. Poodlana has surpassed $5 million in presale with 10 days to go before it lists

Bitcoin tumbles, tests $49,000, amid major crypto selloff

Bitcoin briefly tests $49k before rebounding to $51k amid a $270 billion crypto market selloff. Concerns over the US recession and Japan’s rate hike trigger market turmoil. FBI warns of rising crypto scams during increased market volatility. The cryptocurrency market has experienced a significant downturn

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Genesis Trading prepares to return $3B to customers, transfers 32,256 BTC

Genesis transferred $2.12B in BTC and $838M in ETH as part of bankruptcy restructuring. Genesis will return $3B to creditors, covering 77% of customer claims. Digital Currency Group will not receive any payout from Genesis’s bankruptcy plan. Over the past three days, Genesis Trading has

Bitcoin network difficulty reaches record high amid price volatility

Bitcoin’s network difficulty hits a record high of 90.67 trillion as of August 2, 2024. Bitcoin’s hash rate reached a record 677 EH/s on July 27th, boosting network security. Bitcoin’s RSI at 44 suggests potentially oversold conditions; the price may test $58,000 Bitcoin has set

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