Day: January 16, 2023

Korean Court Orders Crypto Exchange to Pay Customers Suffering From Service Outage – Regulation Bitcoin News

South Korea’s supreme court has upheld the ruling for Bithumb, the country’s largest cryptocurrency exchange, to pay damages to more than a hundred customers who filed a lawsuit claiming they suffered financial losses resulting from the exchange’s service outage. Bithumb Ordered to Pay Customers Over Service Outage The South Korean supreme court has issued a final ruling in a case involving a service outage at Bithumb, the country’s largest cryptocurrency exchange, Yonhap reported. The court has ordered Bithumb to pay damages totaling 251.4 million won ($203,120) to 132 investors who…

Bitcoin Price Surges Above $21 as Total Crypto Market Touches $1Ton Weekend

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The Bitcoin market is heavily bolstered by global adoption including several institutional ETFs and the fact that it is used as legal tender in El Salvador and the Central African Republic. The crypto market volatility continued during the weekend with Bitcoin price rallying slightly above $21K on Sunday. Up 23 percent in the past seven days, Bitcoin’s market capitalization stands at around $407,412,657,854 on Monday with a 24-hour trading volume of about $25,999,307,843. As a result, Bitcoin’s dominance has increased to 41 percent closely followed by Ethereum with 19.3 percent…

Price drops on ‘Cryptohouse’ with NFT decor, mint your personality as an NFT and more

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Waning interest in a North Hollywood crypto-themed home A crypto-friendly house in North Hollywood, Los Angeles, is seemingly struggling to sell, as the property has seen its price reduce three times in a little over four months. The so-called “Cryptohouse,” as stated on the glowing neon sign in its kitchen, was listed for sale at $1.2 million in October last year. As of Jan. 5, though, it is now fetching an asking price of $949,000. The impressive custom neon sign never lets you forget just where you are. Image: Zillow…

Egyptian Pound Reaches New Low Against US Dollar Despite Flexible Exchange Rate Regime – Africa Bitcoin News

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The exchange rate of the Egyptian pound versus the U.S. dollar fell to a new low on Jan. 11 after it tapped 32.14 per greenback. The currency’s latest significant depreciation came just a few months after it adopted a flexible exchange rate regime. According to the International Monetary Fund, the monetary authorities in Egypt have pledged not to intervene in currency markets. Flexible Exchange Rate Regime Just a few months after plunging by more than 15% versus the U.S. dollar, the Egyptian pound tapped a new low of more than…

Twitter’s crypto price index feature expands to 30 tokens and counting

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Twitter has quietly expanded its new crypto feature that enables users to search the price of individual tokens, adding at least another 30 tokens. The new additions are part of the social media giant’s “$Cashtags” feature which was announced by the Twitter Business account on Dec. 21 with the news Bitcoin (BTC) and Ether (ETH) were the first to be part of the new feature.  Tweeting or searching for a crypto token or ticker symbol with a dollar sign ($) in front now links to pricing graphs for those symbols. Cointelegraph…

Bitcoin steps out of ‘Fear’ for the first time in nine months

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The highly-referenced Bitcoin Fear and Greed Index moved into neutral territory over the weekend following several months of fear. On Jan. 15, the index reached a neutral level of 52, its highest since April 5. The move follows a 24% gain for the BTC over the past seven days. The market sentiment tracker hit a multi-year low of 9 in June 2022. Since then it has been hovering between 20 and 30 in the “Extreme Fear” category. Furthermore, it registered its longest-ever streak of extreme fear in mid-2022, as reported…