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Coinbase, the largest cryptocurrency exchange in the United States, is seeking to acquire BtcTurk, a Turkey-based cryptocurrency exchange. This is according to a Bloomberg report referencing MergerMarket. According to the report, sources familiar with the development said the deal could see Coinbase spending roughly $3.2 billion, adding that a
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Insider Intelligence, a research firm has predicted that the number of American adults using cryptocurrency to pay for goods and services will increase to 3.6 million in 2022. According to the published report, the uniqueness of virtual assets as a means of payment is estimated to hit 70% and
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In the last month, Cardano has recorded massive activity on its network, with 100,000 new wallets and 400 new projects developed. Cardano is a decentralized blockchain developed by the co-founder of Ethereum, Tim Harrison. The network aims to address the scalability issues of the Ethereum blockchain. According to a
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Terra’s LUNA has emerged one of the biggest gainers in the cryptocurrency market after its price surged 17% in the past 24 hours. LUNA traded as high as $92.07 in the Asian hours of Tuesday. LUNA, the governance token of money market protocol Terra, pushed past the $80-$
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Even though the majority of the cryptocurrency market remained bearish during the week, XRP emerged one of the top gainers. XRP had traded at a low of $0.71 at the beginning of the week before gaining as much as 9%, rallying to $0.7937 during the intraday trading. Ripple’
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There are currently fears that Bitcoin may slip below $40,000 as institutional traders, otherwise known as whales, have continued to syphon more of the coins from exchanges. At the time of writing, Bitcoin is trading at $40,468. BTC/USD 24 hour trading chart (Source: Trading view) Commenting on
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Regulatory authorities in China have issued a warning to non-fungible token (NFT) investors, alerting them of the hidden risks associated with these assets. The warning was issued by three regulators - the China Banking Association, the China Internet Finance Association and the Securities Association of China. The alert urged authorities
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After the current owner listed it for sale at $48 million last week, the Jack Dorsey non-fungible token (NFT) could possibly sell for a fraction of just 0.00058 of that amount after getting a highest bid of $277. In March 2021, Sina Estavi, an Iranian investor acquired the NFT
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Virgil Griffith, a former developer with the Ethereum Network has been handed a 63-month jail term and fined $100,000 after he helped North Koreans use cryptocurrencies to evade sanctions. The developer was arrested in November 2019 after he made a speech at a conference in Pyongyang in April of
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The Islamic Republic of Iran has walked away from cryptocurrencies and would no longer regard Bitcoin as a legal currency. Iran has always had a confusing stance about cryptocurrencies even as it has always faced sanctions from the West. Reza Bagheri, the country’s deputy Minister of Communications, who discussed
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AC Milan, an Italian professional football club, has collaborated with BitMEX cryptocurrency exchange to launch its first-ever non-fungible token (NFT). According to the club, proceeds from the NFTs will be given to the charity arm of the club - Fondazione Milan. This edition which is said to be limited will
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Coinbase, the largest cryptocurrency exchange in the United States has suspended payment services through the United Payments Interface (UPI) for Indians. This development comes three days after launching operations in the Asian country. The UPI, which processes buy orders on Coinbase’s India service, is governed by the National Payment