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Crypto news affects Bitcoin price

What Led to Bitcoin (BTC) Price Plummeting to $2,700 on Binance?

What Led to Bitcoin BTC Price Plummeting to 2700 on Binance

The Bitcoin (BTC) community was rocked last Friday when Binance, one of the world’s leading cryptocurrency exchanges, experienced a startling glitch that sent Bitcoin’s price plummeting from a stable $27,000 to a mere $2,700. Panic and confusion ensued as traders grappled with the sudden, drastic drop. The cause of this alarming crash was swiftly identified …

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Bitcoin Broke This Negative Trend. Sign of All Time High

Bitcoins Broke This Negative Trend. Sign of All Time High

In the ever-volatile world of cryptocurrency, Bitcoin (BTC) is displaying promising signs of a bullish resurgence, indicating the potential for a significant upswing in its value. This optimistic outlook comes as a result of a meticulous analysis by Crypto Rover, a prominent cryptocurrency trader and analyst. According to Crypto Rover’s recent in-depth analysis, BTC is …

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Michael Gambon Says Crypto is a “Ponzi Scheme”

Michael Gambon Says Crypto is a Ponzi Scheme

Michael Gambon, the Irish actor best known for his roles as Albus Dumbledore in the Harry Potter films and Dr. Robert Ford in Westworld, has spoken out against cryptocurrencies, calling them a “Ponzi scheme.” In an interview with The Times, Gambon said that he believes cryptocurrencies are “a scam” and that people should not invest …

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Ripple to Debut IPO. Check effect on XRP price

ripple ipo

Amidst the current frenzy surrounding initial public offerings (IPOs), the question arises: What implications would a Ripple stock surge to $600 have on the price of XRP, the native token of the Ripple network? Ripple, a financial technology firm renowned for providing innovative payment solutions to banks and financial institutions through its flagship product, RippleNet, …

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This Country Wants To Run The City On Blockchain

This Country Wants To Run The City On Blockchain

The Shanghai city government is aiming to revolutionize its urban infrastructure by embracing blockchain technology. Their comprehensive research efforts will encompass multichain communication, quantum-resistant security measures, and strategies for monitoring and censoring illicit on-chain content. In pursuit of this blockchain vision, the city will initially focus on building essential hardware components, such as computer processors …

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It’s Google’s 25th birthday with a Nod to Crypto

Its Googles 25th birthday with a Nod to Crypto

On September 27, 2023, Google celebrated its 25th birthday. In addition to its annual birthday Doodle, Google also released a special blog post reflecting on its journey over the past 25 years and looking ahead to the future. In the blog post, Google CEO Sundar Pichai mentioned cryptocurrencies and blockchain technology as one of the …

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Ethereum: $859,000 Spent on Gas Fees by this ETH Gas Guzzler

Ethereum 859000 Spent on Gas Fees by this ETH Gas Guzzler

In a recent tweet, crypto research firm Kaiko highlights an unusual event within the ETH network: an expenditure of $859,000 in gas fees occurring over a relatively short timeframe. Kaiko reports that for a brief period, one of Binance’s hot wallets emerged as the leading gas consumer on the Ethereum network. The reason behind this …

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BlackRock’s Heavy Investment in Bitcoin Mining Confirmed

BlackRocks Heavy Investment in Bitcoin Mining Confirmed by Leading Analyst

A recent revelation by crypto analyst Jamie Coutts, a figure associated with Bloomberg Intelligence, has brought to light BlackRock’s substantial engagement in Bitcoin mining. This disclosure is sure to turn heads, especially given BlackRock’s prominent position in the traditional financial world. Nevertheless, Coutts is quick to point out that BlackRock’s foray into Bitcoin mining did …

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Sony’s Crypto and AI Initiatives: A Catalyst for Innovation

Sonys Crypto and AI Initiatives A Catalyst for Innovation

Sony, the Japanese multinational conglomerate, is one of the leading companies in the world when it comes to innovation. The company has a long history of developing new technologies and products that have changed the way we live and work. In recent years, Sony has been investing heavily in both cryptocurrency and artificial intelligence (AI). …

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MicroStrategy Buys 5,445 Bitcoin for $150M Since August

MicroStrategy Buys 5445 Bitcoin for 150M Since August

MicroStrategy, a business intelligence and analytics software company, has purchased 5,445 Bitcoin for $150 million since August 1, 2023. This latest purchase brings MicroStrategy’s total Bitcoin holdings to 130,000 BTC, which were acquired for a total of $4.52 billion. MicroStrategy’s CEO, Michael Saylor, is a vocal proponent of Bitcoin. He has said that he believes …

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Travis Kelce Gave Away $500,000 in Bitcoin to Fans

Travis Kelce Gave Away 500000 in Bitcoin to Fans

Kansas City Chiefs tight end Travis Kelce is known for his on-field prowess, but he’s also a savvy businessman. In 2021, Kelce partnered with Cash App to give away $500,000 in Bitcoin to his fans. The giveaway was a huge success, with over 1 million people participating. Kelce’s Bitcoin giveaway was just one example of …

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Significant Breach: Mixin Network Suffers a $200 Million Loss

Significant Breach Mixin Network Suffers a 200 Million Loss

The cryptocurrency community is abuzz with discussions surrounding what could be deemed as the most significant security breach within the realm of Web3 in recent times. Mixin Network, a blockchain platform headquartered in Hong Kong, has reported staggering losses amounting to $200 million, attributable to issues related to their “cloud services.” Mixin Network’s Assets Drained …

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Michael Saylor Advocates Bitcoin as a Hedge Against Inflation and Gov. Instability

Michael Saylor Advocates Bitcoin as a Hedge Against Inflation and Government Instability

According to Michael Saylor, Bitcoin stands as the optimal means to safeguard and fortify one’s wealth. Saylor asserts that consumer inflation denotes the financial outlay required to maintain a subsistence lifestyle, while asset inflation represents the pace at which wealth is generated to preserve affluence. These views were expressed by Michael Saylor, the Executive Chairman …

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Bitcoin (BTC) Dominance Hits Highest Point of the Year: What Does It Signify?

bitcoindominancess

Bitcoin’s supremacy in the cryptocurrency market has surged to its peak for the year. However, what does this resurgence in dominance imply, especially for alternative cryptocurrencies (altcoins) and the broader crypto landscape? Bitcoin dominance represents the proportion of the total cryptocurrency market capitalization that Bitcoin commands. A surge in Bitcoin’s dominance often suggests that investors …

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Ethereum Transaction Fees Fall to Two-Year Low

ethereumfeelowestt

Ethereum transaction fees have fallen to their lowest level in two years, with the average fee now at 12.5 gwei. This is down from a high of over 600 gwei in May 2021. The decline in fees is due to a number of factors, including: The decline in transaction fees is a positive development for …

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Factors affecting (BTC) Bitcoin Price

Factors affecting BTC Bitcoin Price

The Federal Reserve’s recent meeting did not result in an increase in interest rates, but it did suggest that rates could remain elevated for an extended period. This decision appears to have triggered a decline in the stock markets, with the S&P 500 experiencing a more than 2% drop and the Nasdaq down by approximately …

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Former SEC Official Predicts the End of NFTs and Cryptocurrency

Former SEC Official Predicts the End of NFTs and Cryptocurrency

John Reed Stark, a former high-ranking official at the U.S. Securities and Exchange Commission (SEC), has made a bold prediction regarding the future of NFTs and cryptocurrencies. In a recent post on the social media platform X (formerly Twitter), Stark asserted that both NFTs and crypto are headed for a significant downfall. Stark highlighted a …

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Coinbase Pursued FTX Europe Acquisition for Expansion

Coinbase Pursued FTX Europe Acquisition for

Coinbase, the largest cryptocurrency exchange in the United States, pursued the acquisition of FTX Europe in an effort to expand its overseas derivatives business, according to documents viewed by Fortune. The acquisition talks never reached a late stage, but Coinbase’s interest in FTX Europe demonstrates the growing importance of derivatives to its global business plan. …

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Bob Menendez Indicted for Bribery, Had Introduced 2 Crypto Bills

Bob Menendez Indicted for Bribery Had Introduced 2 Crypto Bills

Senator Bob Menendez, a Democrat from New Jersey, has introduced two crypto bills in the Senate. Menendez and his wife, Nadine Arslanian Menendez, are accused of accepting “hundreds of thousands of dollars in bribes” in exchange for the senator’s influence, according to the newly unsealed federal indictment. The first bill, the Accountability for Cryptocurrency in …

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Rupert Murdoch: From Bitcoin Skeptic to Crypto Investor

Rupert Murdoch From Bitcoin Skeptic to Crypto Investor

Rupert Murdoch, the media mogul and chairman of News Corp and the Fox Corporation, has had a complicated relationship with cryptocurrency. In the past, he has dismissed it as a “joke” and a “scam.” However, in recent years, he has softened his stance and even invested in several crypto companies. Murdoch’s first public comments about …

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Bitcoin Surges on Temporary Relief in SEC v. Binance Case

Bitcoin Surges on Temporary Relief in SEC v. Binance Case

Bitcoin saw a surge past $27,000 resistance this week after a new development in the ongoing legal battle between cryptocurrency exchange Binance and the SEC. On September 18, Magistrate Judge Zia Faruqui rejected the SEC’s request for direct access to Binance.US’s systems. Instead, the judge asked the SEC to make specific discovery requests. This decision …

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