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The US government recently dropped a bombshell on the cryptocurrency industry, unveiling sweeping new tax reporting rules. However, the proposals were met with widespread criticism, leaving Bitcoin and crypto regulation on shaky ground. The main objections center on overbroad language that could restrict key decentralized operations. With an uncertain path
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The decentralized finance (DeFi) world moves fast. Projects can go from zero to hero and back again within days, as speculative crypto traders pile in seeking quick gains. The latest case is friend.tech, a new platform allowing users to trade tokens linked to influencers and creators. After a meteoric
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The long-running lawsuit between blockchain firm Ripple and the U.S. Securities and Exchange Commission (SEC) saw a new development last week as the regulator filed aiding and abetting charges against Ripple CEO Brad Garlinghouse. The fresh allegations have prompted debate over the SEC's strategy and whether past
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Bitcoin and the wider cryptocurrency market treaded water on Monday following cautious remarks on inflation from Federal Reserve Chair Jerome Powell last Friday. The lackluster price action shows lingering uncertainty hangs over the crypto outlook despite some signs of stabilizing. Key Takeaways * Bitcoin traded around $26,000, unchanged over the
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The price of Bitcoin has seen ups and downs in 2023, leaving traders unsure of what to expect going forward despite the potential for the approval of a spot-based Bitcoin exchange-traded fund (ETF). A nameless trader who correctly predicted the crypto rally earlier this year is now advising caution, warning
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The Middle Eastern nation of Oman has been aggressively expanding its footprint in the cryptocurrency sector, investing hundreds of millions of dollars into crypto mining operations this month. However, Oman's embrace of digital assets comes amid an ongoing debate among Islamic scholars over whether cryptocurrencies are permissible under
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PEPE, the popular meme-inspired cryptocurrency, was hit by a major theft last week resulting in the loss of over $15 million worth of tokens. The incident sent PEPE prices plummeting nearly 20% and left investors shaken. Multisig Wallet Breached, Trillions of Tokens Stolen According to an announcement from the project&
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A new report from JPMorgan suggests the recent wave of heavy selling in cryptocurrency markets may be approaching its end, pointing to signs of stabilization in Bitcoin that could indicate a price reversal is around the corner. Bitcoin Futures Activity Picking Up According to the report, there are indications the
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National Australia Bank (NAB), one of the "Big Four" banks in Australia, is allegedly preparing for major staff reductions across its markets division, according to a recent report. Sources suggest the lender could cut around 10% of the workforce in markets, equating to nearly 60 roles out of
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With inflation on the rise and economic uncertainty ahead, many Americans are looking for ways to get their finances in order in 2023. Recent surveys show that a majority of consumers want to reduce monthly expenses and better manage their money. For those looking to build up their personal finance
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Malaysia's domestic banks have little exposure to financial risks from China's largest property developer Country Garden, the nation's central bank said on Monday. This finding comes as concerns mount over Country Garden's financial health and ability to service its massive debts. In
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Municipality Finance, a Finnish public finance institution, recently issued a £25 million tap of 5.125% notes maturing in 2027. This brings the total outstanding amount of the bond to £325 million. While seemingly routine, the deal has broader implications for Bitcoin adoption amid economic uncertainty. On the surface, a
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When Russia invaded Ukraine in February 2022, Western nations responded with an unprecedented barrage of financial and trade sanctions aimed at crippling Russia's economy. Many expected these restrictions to devastate Russian markets and create financial turmoil. Yet one year later, Russia's economy appears to be weathering
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India is embarking on an ambitious digital finance transformation that could have major implications for the future of cryptocurrencies like Bitcoin. In recent years, India has made huge strides in developing a cutting-edge digital finance infrastructure and exploring innovative concepts like a central bank digital currency (CBDC). While India'
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Chainlink's LINK token has seen a minor 0.85% price decline over the past 24 hours, bringing its value down to $5.99. While not a major drop, this downward move provides an opportune time to analyze key Chainlink metrics to better understand market dynamics and outlook for
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Polkadot's DOT token has seen a small 0.79% price appreciation over the past 24 hours, bringing its value to $4.53. While not a major surge, this move is notable given the multi-week downtrend that has plagued both Polkadot and the broader cryptocurrency markets. By analyzing key