Tag: News

Blue Chip NFTs Owned by Celebs Lose Significant Value – Bitcoin News

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During the week of Jan. 30 to Feb. 5, 2022, the search term “NFT” had a Google Trends (GT) score of 90 and today the GT score has dropped a great deal down to a score of 12. Not only has interest declined, but blue chip non-fungible tokens (NFTs) don’t hold the value they once did at the beginning of 2022. For instance, statistics show the Bored Ape Yacht Club (BAYC) collection’s market valuation based on floor values was worth $2.33 billion on Feb. 3, 2022 — 291 days later…

LTC up 12%, Hitting a 3-Week High – Market Updates Bitcoin News

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Litecoin rallied to a three-week high on Nov. 22, despite the global cryptocurrency market cap mostly residing in the red. As of writing, the crypto market is down 1.11%, however, litecoin is up by over 12%. Another notable gainer has been chainlink, which rose for a second straight session. Litecoin (LTC) Litecoin (LTC) was a big mover on Tuesday, as the token rose by as much as 12% earlier in the session. Following a low of $60.04 to start the week, LTC/USD raced to an intraday peak of $68.36 today.…

FTX Co-Founder Sam Bankman-Fried Faces US Extradition, Bankruptcy Court Says Top Execs Won’t Be Compensated – Bitcoin News

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According to a report citing three people familiar with the matter, the former FTX CEO Sam Bankman-Fried (SBF) may be extradited to the United States for questioning. After it was alleged that SBF transferred $10 billion in customer funds to Alameda Research, the company’s financials show between $1 billion and $2 billion has gone missing. Reports Indicate Former FTX CEO Bankman-Fried Faces Extradition to the U.S. for Questioning It’s been two weeks since the FTX collapse and 11 days since the company filed for Chapter 11 bankruptcy protection. Now, according…

Bitget Registers in Seychelles and Plans to Grow Its Global Workforce by 50% – Press release Bitcoin News

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press release PRESS RELEASE. Seychelles, Nov 22, 2022 – Leading global cryptocurrency exchange Bitget announces that it has registered in Seychelles to aid global expansion. The exchange operates in a decentralised manner with no specific headquarters, with regional hubs in strategic markets, and plans to set up more regional hubs in the future. The exchange has also updated its recruitment plan with a new target of 1200 headcount by the first quarter of 2023, increasing its workforce by another 50% from its existing size, to better meet user demand and…

Bahamas Property Worth $121 Million Acquired by FTX, SBF’s Parents, Report Unveils – Exchanges Bitcoin News

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Bankrupt crypto exchange FTX and its founder’s parents have purchased properties for almost $121 million in the Bahamas, according to a media report. Some of these were supposed to be used by the company’s senior executives, quoted documents have revealed. Bankman-Fried’s Parents Trying to Return Vacation Home to FTX FTX, the parents of its founder and CEO Sam Bankman-Fried (SBF), and top executives of the insolvent cryptocurrency exchange have bought at least 19 properties worth nearly $121 million in the Bahamas over the past two years, Reuters reported, citing property…

ETH Slips Below  $1,100 Ahead of FOMC Minutes Report – Market Updates Bitcoin News

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Ethereum fell below $1,100 on Nov. 22, ahead of tomorrow’s much anticipated United States Federal Open Market Committee (FOMC) minutes release. Many are looking toward this report for hints from the U.S. Federal Reserve, in terms of when it could pivot from current policy. Bitcoin was also lower, hitting a key support point in the process. Bitcoin Bitcoin (BTC) continued to trade lower on Tuesday, as crypto markets were nervy ahead of Wednesday’s FOMC minutes release. BTC/USD fell to a low of $15,599.05 in today’s session, which comes less than…

Venezuelan President Nicolas Maduro Signals Support for Single Currency in Latam, Calls for Crypto Inclusion – Emerging Markets Bitcoin News

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Nicolas Maduro, president of Venezuela, has expressed his support for the adoption of a new common currency for Latam in the latest meeting of the Workgroup of the Sao Paolo Forum. Maduro stated that this would be an important step for the construction of a common economic space, that would also include cryptocurrency as an important element. Maduro Supports Single Currency Project for Latam Nicolas Maduro, president of Venezuela, has signaled his support for the idea of a single currency for all the countries in Latam as a way of…

A Message from MaskEX – Press release Bitcoin News

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press release PRESS RELEASE. Despite recent unfavourable market conditions, the MaskEX team wishes to thank its users for remaining loyal to the company. MaskEX aims to ensure that all transactions through the MaskEX website and app are secure and reliable. Additionally, the exchange guarantees the safety of user funds across all markets. Several years of uninterrupted service have culminated in MaskEX’s staff working toward the common objective of “Your Wallet, Your Way” – helping all MaskEX members achieve financial pleasure. MaskEX is committed to upholding these responsibilities internally and to…

Crypto Enables Creation of Useful Businesses and ‘Is Here to Stay’ – Featured Bitcoin News

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According to Bill Ackman, billionaire and CEO of Pershing Square Capital Management, while crypto tokens are used by unethical promoters to perpetuate fraud, they “can enable the formation of useful businesses.” A previous critic of digital assets, Ackman insists that “crypto is here to stay” and that society will benefit even more when it is properly regulated. Crypto a ‘Powerful Lever in Accessing a Global Workforce to Advance a Project’ The American billionaire hedge fund manager, Bill Ackman, has said — after studying some crypto projects — he now believes…

Bitcoin Is ‘Falling Behind’ in the Battle Against Climate Change – News Bitcoin News

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Greenpeace, the international, environment-conscious non-governmental organization (NGO), has criticized the lack of action that Bitcoin-related groups have adopted in the battle against climate change. Rolf Skar, of Greenpeace USA, stated that Bitcoin was “falling behind” on this issue, explaining that most Bitcoin-linked groups fail to even acknowledge the ostensible problem. Greenpeace Blasts Bitcoin’s Lack of Action Greenpeace, the well known environmentalist organization, is criticizing the stance that many Bitcoin-linked companies and organizations have taken regarding the so-called “climate change” phenomena. According to its latest press statement, most of the key…