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+12 +1
Genesis Bankruptcy Jitters Send Bitcoin to Fresh Low
Days after its lending unit was forced to halt withdrawals in wake of the collapse of crypto exchange FTX, Genesis Global Trading has mentioned bankruptcy as a potential option as it seeks fresh capital, reports Bloomberg citing people with knowledge of the matter.
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+20 +1
Scarce City Launches Bitcoin ECommerce Platform SatsCrap
Scarce City, a bitcoin-focused marketplace, has launched a marketplace that sells anything in exchange for bitcoin known as SatsCrap, per a release sent to Bitcoin Magazine. SatsCrap allows users to list or purchase products with bitcoin and thus maintain user privacy. Anyone with a device connected to the internet can list or purchase a product with no Know Your Customer (KYC) data collected. The marketplace does not use logins, bank accounts or a registration process.
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+3 +1
Is The Bitcoin Price Being Suppressed By Central Planners?
Lately, I’ve been pondering whether we are witnessing a rhyming of history. For those who have had the chance to dig into our monetary history, you may have encountered a little-known policy called Executive Order 6102. It was a momentous attack on the sovereign individual and the free market. An event that corralled U.S. citizens away from gold, into the U.S. dollar and assets from which the U.S. government benefits.
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+19 +1
Was Satoshi a Greedy Miner?
If you spend enough time in the crypto ecosystem then you'll no doubt come across arguments that some projects have unfair token distributions because they were "premined" / "instamined" / "fast mined" by the project founders, effectively enriching themselves from the initial launch of the project.
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+15 +1
‘I’m sorry, I f****d up.’ Sam Bankman-Fried needs $4 billion. Fast
Sam Bankman-Fried is on a race to secure $4 billion to save FTX, after rival Binance ditched its 11th-hour bid to buy the collapsing crypto exchange. Bankman-Fried reportedly told investors on Wednesday evening that FTX is facing a shortfall of funds up to $8 billion and is in danger of bankruptcy if the company doesn’t receive at least $4 billion to stay solvent, according to separate reports from Bloomberg and the Financial Times. Bankman-Fried said FTX is willing to take the cash in whatever form it comes in, be it debt, equity, or a mixture of both.
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+14 +1
Feds announce $3.36 billion seizure of bitcoin, the second-largest recovery of crypto so far
The U.S. Department of Justice announced Monday that it seized about $3.36 billion in stolen bitcoin during a previously unannounced 2021 raid on the residence of James Zhong. Zhong pleaded guilty Friday to one count of wire fraud, which carries a maximum sentence of 20 years in prison.
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+19 +1
Cryptoverse: Bitcoin wants to break its bond with stocks
After months of tears and tantrums, bitcoin wants to split up with stock markets. The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one of its strongest efforts yet to break away. Its 30-day correlation with the Nasdaq slid to 0.26 last week, its level lowest since early January, where a measure of 1 indicates the two assets are moving in lock step.
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+22 +1
Luxurious Resort in Phuket now accepts crypto
If you’re looking for a luxurious resort that accepts bitcoin and ETH, then look no further than Sri Panwa Phuket! This resort is perfect for those who want to enjoy all the amenities of a luxury resort while also able to spend bitcoin, ETH, USDC, and USDT. Perched high atop Cape Panwa, the resort offers breathtaking views of the Southeastern tip of Phuket from its luxury villas. In a secluded and quiet location, the Sri Panwa Phuket is 26 miles from Phuket International Airport.
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+22 +1
Cash App Users in the US Can Now Receive Bitcoin Through Lightning Network
Cash App now allows users to receive BTC payments instantly through the Lightning Network using QR codes or links, the platform’s Product Lead announced on Twitter. The move comes several months after Cash App announced it has integrated Bitcoin’s Lightning Network.
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+3 +1
Five things we learned about Canadian Bitcoin owners in 2021
As mentioned in the Bank of Canada’s Financial System Review, cryptoasset markets have been growing rapidly in recent years and have become somewhat more integrated into the traditional financial system. The most well-known cryptoasset is Bitcoin, which launched in January 2009.
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+4 +1
A Record Amount of Brazilian Companies Announce Bitcoin Holdings
Brazil's tax authorities released August figures that revealed that over 12,000 companies had cryptocurrency holdings. This is the highest amount of any month.
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+1 +1
Bitcoin Miners selling rigs in huge quantity
It raise close to $27 million through a potential subscription with a strategic partner to improve its balance sheet. The miner also executed a letter of intent to alter current loans and revise the equipment finance arrangement to release $5.7 million in cash. As a result, investors lost faith in the top Bitcoin miner, and shares of Argo Blockchain fell by about 20%. Currently, the share price is 26.20 GBP.
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+17 +1
Future rate hikes may be good for the crypto markets as major currencies are devalued against the dollar
Investor and founder Vinny Lingham wrote a series of tweets on Sept. 29 outlining a potential short-term future whereby Bitcoin will act as a store of value for those suffering a devaluation of their local currency. The British Pound fell to its lowest level against the dollar recently following the Chancellor’s mini-budget. However, as Lingham highlighted, the price of Bitcoin rose when measured in GBP during the same period.
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+23 +1
Do Kwon denies attempts to withdraw $66m in BTC before arrest warrant was issued
On-the-run Terraform Labs co-founder Do Kwon has denied he attempted to cash out $66 million of Bitcoin days before an arrest warrant was issued for him earlier this month. Speaking on Twitter, the 31-year-old said he hadn’t used exchanges Kucoin or OKex in over a year.
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+2 +1
Bitcoin surges 6% to top $20,000, its highest level in more than a week, even as stocks hit 2022 lows
Bitcoin topped $20,000 on Tuesday, hitting its highest level in the more than a week, but is still struggling to break out of its tight trading range. The world’s largest cryptocurrency was more than 6% higher at $20,193.90 at around 7:14 a.m. ET, according to data from CoinDesk.
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+4 +1
South Korea Taps Crypto Exchanges to Freeze $67M of Do Kwon’s Funds
South Korea is making efforts to freeze around $67 million in bitcoin linked to Terraform Labs founder Do Kwon, according to Bloomberg. The move comes just days after Interpol issued a red notice to find and arrest Kwon, suspected of violating South Korea’s financial laws.
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+4 +1
Visit The Guatemalan Lake Town Mining Bitcoin With Used Cooking Oil
A circular bitcoin economy in Guatemala is using resources that would otherwise be wasted to fuel a local bitcoin mining operation, giving its resident financial autonomy and demonstrating a viable economic path outside of the government-controlled economy.
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+3 +1
Craig Wright Tells Court He ‘Stomped on the Hard Drive’ Containing Satoshi Wallet Keys
Craig Wright told a Norwegian court on Wednesday that he “stomped on the hard drive” that contained the “key slices” required to grant him access to Satoshi Nakamoto’s private keys, making it “incredibly difficult” to cryptographically prove he is the creator of Bitcoin – a title he has claimed but failed to prove since 2016.
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+11 +1
How The Incentives Of Proof-Of-Work Are More Fair Than Proof-Of-Stake
As Ethereum completes its transition to proof-of-stake consensus, I can’t help but notice the plethora of articles citing a 99% reduction in energy usage. The claims, however true, are misguided and counterproductive.
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+18 +1
The bitcoin crash of 2013: Don't you feel silly now?
People who thought that bitcoins could serve as either an investment vehicle or an alternative world currency got their heads handed to them on Thursday and Friday. That’s when the price of the attention-grabbing crypto-currency got crushed, falling from a quoted $1,200 per “coin” to less than $600. At this writing, it’s quoted on the Mt. Gox exchange at about $830.
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