Tag: News

Coinbase Shutting Down Most Crypto Services in Japan After Series of Job Cuts Globally – Bitcoin News

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The Nasdaq-listed cryptocurrency exchange Coinbase is closing down most of its operations in Japan after announcing another round of job cuts globally. “Despite everything we’ve been through as a company and an industry, I’m still optimistic about our future and the future of crypto,” Coinbase CEO Brian Armstrong insisted. Coinbase Winding Down Majority of Japanese Operations Cryptocurrency exchange Coinbase is closing the bulk of its operations in Japan, Nana Murugesan, vice president for business development and international, revealed in an interview with Bloomberg Wednesday. He said: We’ve decided to wind…

Binance Now Authorized in 7 EU Countries — Sweden Becomes Latest Member State to Give Approval – Regulation Bitcoin News

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Crypto exchange Binance is now legal to operate in seven European countries following the latest approval by Sweden’s financial regulator. Overall, Binance has been approved to operate in 15 jurisdictions, including seven EU countries. Binance Approved to Operate in 7 EU Countries Cryptocurrency exchange Binance announced Thursday that its Swedish entity, Binance Nordics AB, “has been granted registration as a financial institution for management and trading in virtual currency by the Swedish Financial Supervisory Authority (Swedish FSA).” Binance explained: Sweden becomes the seventh EU Member State in which Binance has…

Miss El Salvador Features Bitcoin in Miss Universe 2023 – Featured Bitcoin News

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The Miss Universe contestant from El Salvador this year has surprised viewers by featuring bitcoin as part of her national costume. El Salvador has adopted the cryptocurrency as legal tender and has passed a new regulatory framework for the issuance of its long-awaited bitcoin-backed Volcano bonds. Bitcoin Showcased in Miss Universe 2023 The Miss Universe 2023 contestant from El Salvador, Alejandra Guajardo, surprised viewers Wednesday night with her choice of costume. Guajardo walked onto the stage in the 71st Miss Universe National Costume Show wearing a costume representing “the evolution…

Bankruptcy Court Terminates FTX Naming-Rights Agreement for Miami Heat Arena – Exchanges Bitcoin News

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A federal bankruptcy court in the U.S. has ended the FTX naming-rights agreement for Miami Heat’s basketball stadium. The sports venue was branded FTX Arena as part of a multi-year, multi-million dollar sponsorship deal between the now-bankrupt crypto exchange and Miami-Dade County in 2021. FTX Signage and Advertising to Be Removed From Downtown Miami Sports Facility The FTX naming-rights agreement for the Miami Heat arena was terminated on Wednesday by a federal bankruptcy judge in Delaware. According to the order, the contract between Miami-Dade County and what was one of…

FTX Donations to Early Covid-19 Researchers Raise Questions of Propaganda Tied to Pandemic Prevention – Bitcoin News

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While the former CEO of FTX, Sam Bankman-Fried, awaits his trial at the end of the year, reports indicate that the company donated millions of dollars to early Covid-19 researchers. The research was reportedly used to cast doubt on specific treatments, such as the use of ivermectin and hydroxychloroquine. Controversy Surrounds Former CEO of FTX and Funding for Research to Discredit Covid-19 Treatments There are several reports claiming that Sam Bankman-Fried (SBF), the co-founder of the now-defunct crypto exchange FTX, helped fund causes related to pandemic prevention. During the first…

Trump’s NFT Prize Collection Surfaces on Secondary Markets, Generates $53K in 24-Hour Sales – Bitcoin News

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Following the launch of Donald Trump’s non-fungible token (NFT) card collection, winners of the Trump-themed prizes are selling prize NFTs on secondary NFT marketplaces such as Opensea. The Polygon-minted NFTs act as passes for a one-on-one Zoom meeting with the 45th president of the United States and a gala dinner with Trump. During the past 24 hours, the “Win Trump Prizes” collection has seen 38 ether, or roughly $53,000 in sales, on Thursday, Jan. 12, 2023. Trump’s NFT Prize Collection Auctions off on Opensea’s NFT Marketplace The former president of…

Litecoin to Undergo Block Reward Halving in Just Over 200 Days, First Among Major PoW Cryptocurrencies – Bitcoin News

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In roughly 202 days, the cryptocurrency network Litecoin (LTC) will experience a block reward halving on or around Aug. 3, 2023. Litecoin will be the first major proof-of-work (PoW) blockchain to see a reward reduction before Bitcoin’s upcoming halving, which is expected to occur 203 days from now. Litecoin Halving Set to Occur on or Around Aug. 3, 2023 Litecoin, the 14th-largest cryptocurrency today, is preparing to experience a block reward halving in 202 days. It will be the first major proof-of-work (PoW) cryptocurrency to have a reward halving, besides…

Bitcoin Network Braces for Notable Difficulty Increase in 3 Days – Bitcoin News

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Bitcoin’s mining difficulty, the measure of how difficult it is to find a new block and add it to the blockchain, is set to increase significantly on Jan. 15, 2023, according to current estimates. At the time of writing, Bitcoin’s mining difficulty appears to be on track for a 10% increase, rising from 34.09 trillion to an all-time high of 37.57 trillion. Upcoming Difficulty Retarget to Boost Hashrate Requirements The leading cryptocurrency network, Bitcoin (BTC), is set to experience a record-setting difficulty increase in three days, on or around Jan.…

AVAX 22% Higher, as DOT Nears 1-Month High – Market Updates Bitcoin News

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Avalanche was one of Thursday’s big gainers, as the token rose by as much as 22% in today’s session. The move came as inflation in the United States fell to 6.5% as markets were expecting. Polkadot was another notable mover, with prices climbing close to a four-week high. Avalanche (AVAX) Avalanche (AVAX) rose by as much as 22% in today’s session, as cryptocurrencies reacted to the latest U.S. inflation report. AVAX/USD moved to a peak of $16.11 earlier in the day, which comes less than 24 hours after falling to…

Crypto Lender Nexo Under Investigation for Alleged Money Laundering, Russian Sanction Violations in Bulgaria – Bitcoin News

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According to several reports, Bulgarian law enforcement officials are investigating crypto lender Nexo for alleged money laundering and sanctions violations. Siika Mileva, a spokesperson for Bulgaria’s attorney general, said the probe into Nexo is a large-scale operation involving 300 investigators from various agencies, including the National Security Service, Gendarmerie, and Sofia Police. Bulgarian Law Enforcement Raids Offices of Crypto Lender Nexo for Suspected Money Laundering and Sanctions Violations On Jan. 12, 2023, reports indicate that Bulgarian law enforcement officials raided cryptocurrency lender Nexo’s offices. The company is under investigation for…