Tag: Report

Coinbase Looking To Make $3,000,000,000 Acquisition of Turkish Crypto Exchange: Report

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Leading US cryptocurrency exchange Coinbase is reportedly in talks to purchase BtcTurk, a digital asset trading platform based in Turkey. In a new report, Turkish publication Webrazzi says that Coinbase could purchase BtcTurk at $3.2 billion. The talks are reportedly at an advanced stage, with the two firms having already signed a term sheet. At over $3 billion, the acquisition is about a tenth of the current market value of the US crypto exchange. BtcTurk was started in July of 2013 by Kerem Tibuk, according to business database Crunchbase. Crypto…

Can Terra blockchain sustain its growth? Research report digs deeper

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Cointelegraph Research fundamentally evaluates Terra in its 50-page report to provide an in-depth analysis of its recent updates, including Columbus-5, the Bitcoin (BTC) acquisition and others. Decentralized algorithmic stablecoins, blockchain integration in real-world payments and 20% APYs on decentralized finance (DeFi) protocols — what is all of this, and is it really doing this? The team of experienced crypto analysts from the Big Four and the best universities worldwide dives deep into the blockchain’s ecosystem, community and underlying technology, assessing the potential regulatory, market and technological risks. Terra is a…

What does the Bitcoin Mining Council’s Report Mean for Crypto Going Forward? – Blockchain News, Opinion, TV and Jobs

Bitcoin surges above $40k and looks bullish on the daily time frame, as a bullish divergence on the RSI indicator has been confirmed. Yesterday, the Bitcoin Mining Council released a report which highlighted mining efficiency rose by 63% YoY, with sustainable energy usage at 58%, marking the 4th quarter in a row above 50%. Furthermore, the network used 25% less energy YoY. These improvements are appealing for institutions who see environmental impact as one of the biggest reasons not to invest in Bitcoin. Fidelity have advanced their support for mainstream…

Report Says Binance Shared Client Data With Russia, Crypto Exchange Denies Allegations – Exchanges Bitcoin News

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Cryptocurrency exchange Binance has been accused in a media report of agreeing to provide user data to Russia’s financial watchdog. The trading platform has refuted the allegations. It also insists it’s complying with Western sanctions imposed over Moscow’s invasion of neighboring Ukraine. Binance Consented to Russian Request for Customer Info, Reuters Claims in ‘Special Report’ Binance, the world’s leading digital asset exchange, has agreed to hand over customer data to Russia’s financial intelligence agency, a report by Reuters suggests. The article refers to messages allegedly sent by Binance’s regional head…

Who Was GameFi’s Biggest Winner in March | March Monthly Report

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BSC saw more projects emerge than any other blockchain. Data Source: Footprint Analytics –March 2022 Report Dashboard GameFi  projects showed strong resistance to the negative macro environment in February and March, with many areas of development not only growing steadily but breaking out against market trends. Footprint Analytics data shows that the number of GameFi game projects went up to 1,406, up 5% MoM. Trading volume at the end of the month was $129 million, up 154% MoM. Active users increased 56% from February. It is worth noting that the…

Binance pushes back against report exchange supplied customer data to Russian government

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Major crypto exchange Binance challenged the accuracy of a report, which stated one of its regional heads agreed to supply Russia’s financial intelligence unit with customer data potentially related to donations for anti-corruption and anti-Putin activist Alexei Navalny. Reuters reported on Friday that Binance’s head of Eastern Europe and Russia Gleb Kostarev met with officials from Russia’s Rosfinmonitoring, a financial monitoring service linked to the country’s Federal Security Service, or FSB, in April 2021. Kostarev reportedly agreed to a request from the government body to turn over certain user data…

Coinbase is planning to purchase crypto exchange BtcTurk in $3.2B deal: Report

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Major United States-based cryptocurrency exchange Coinbase is reportedly planning to purchase BtcTurk for $3.2 billion. According to Turkish tech media outlet Webrazzi citing a Thursday report from Mergermarket, the two exchanges negotiated a price based on the market behavior of the Turkish lira and Bitcoin (BTC), arriving at roughly $3.2 billion. One or both of the two firms have reportedly already signed a term sheet. The potential acquisition would follow Coinbase CEO Brian Armstrong announcing plans to expand to every country in which the exchange can legally operate. Cointelegraph reported…