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  • 3 min

Bitcoin Miners Rejoice As SEC Says Proof-of-Work Crypto Mining Doesn’t Fall Under Securities Laws

The U.S. Securities and Exchange Commission (SEC) under a new leadership on Thursday clarified its stance on Proof-of-Work (PoW) mining operations, saying “mining activities” as defined in its statement do not need to register with the Commission, effectively removing them from the list of activities subject to securities laws. The Wall Street regulator went into detail on…
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  • 4 min

Bitcoin as a US strategic reserve: Does it make sense?

Bitcoin is often touted as an alternative to the US dollar, the world’s reserve currency, as only a limited number of coins will ever be produced. Proponents argue that bitcoin’s fixed supply makes it an inflation-proof value store outside the global financial system. Bitcoin is often compared to gold for a similar reason. While central banks worldwide…
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  • 2 min

Trump’s Crypto Reserve Plan Faces Pushback As Industry Executives Urge Bitcoin-Only Approach

The United States is all set to have its own cryptocurrency reserve following President Donald Trump’s announcement; however, crypto executives are pushing back against the idea of the reserve having multiple digital assets. Several crypto executives believe Bitcoin, the world’s largest crypto asset by market capitalization, is the only coin suitable for a crypto reserve, even as Trump has specifically…
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  • 2 min

Bitcoin falters as optimism wanes on Trump’s crypto reserve plan

Bitcoin backpedaled on Monday after an early rise following U.S. President Donald Trump’s weekend proposal for a national strategic reserve of cryptocurrencies. Optimism on digital currency after Trump’s Sunday post on Truth Social turned to caution as market participants awaited more details about this crypto initiative. The world’s largest cryptocurrency, bitcoin, rose 2.4% from Friday’s levels, to…
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  • 3 min

Trump’s new meme coin soars on his first day in office, lifts other tokens

Trump’s meme coin Donald Trump’s newly-created cryptocurrency, also known as $TRUMP, has risen in market value since its launch. U.S. President Donald Trump’s new crypto token soared to more than $10 billion in market value on Monday, while enthusiasm over his crypto-friendly administration helped briefly lift bitcoin to a new record. Launched Friday night, Trump’s so-called “memecoin”…
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  • 2 min

Trump launches cryptocurrency with price rocketing

US President-elect Donald Trump has launched his own cryptocurrency, which quickly soared in market capitalisation to several billion dollars. His release of the meme coin, $Trump, comes as he prepares to take office on Monday as 47th president of the US. The venture was co-ordinated by CIC Digital LLC – an affiliate of the Trump Organization –…
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  • 2 min

US regulator warned banks on crypto but did not order halt to business

A U.S. bank regulator told banks to pause dabbling directly in crypto in 2022 and 2023, but did not order them to stop providing banking services to crypto companies contrary to industry complaints of widespread “debanking,” according to documents released on Friday. A judge ordered the Federal Deposit Insurance Corporation to provide versions of supervisory “pause letters”,…
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  • 2 min

‘Disturbing surge in cryptocurrency fraud’ led by young, tech-savvy Nigerian men

New research shows 55% of cases involve American victims In an eye-opening study that sheds new light on the evolving landscape of digital financial crime, researchers have uncovered a striking pattern in Nigerian cryptocurrency fraud: all convicted perpetrators are male, and nearly two-thirds are under 30 years old. This revelation comes from recent research conducted through an…
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  • 1 min

World’s first bitcoin nation scales back crypto dream

El Salvador has struck a $1.4bn (£1.1bn) loan deal with the International Monetary Fund (IMF) after agreeing to scale back its controversial bitcoin policies. The global lender said risks related to the adoption of the world’s largest cryptocurrency had eased now that businesses will be allowed to decide whether or not to accept bitcoin. In 2021, El…
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  • 1 min

Almost 800 arrested over Nigerian crypto-romance scam

Nigeria’s anti-graft agency said it had arrested 792 suspects in a raid on a building believed to be a hub for fraudsters who lured victims with offers of romance, then pressed them to hand over cash for phoney cryptocurrency investments. The suspects, including 148 Chinese and 40 Filipino nationals, were detained on Dec. 10 at the seven-storey…
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  • 3 min

Bitcoin rallies past $107,000, hopes grow for strategic reserve

Bitcoin’s record rally topped $107,000 on Monday after President-elect Donald Trumpreiterated that he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. Investor sentiment also got a lift from the inclusion of MicroStrategy (MSTR.O), opens new tab into the tech-heavy Nasdaq 100 index that will likely…
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  • 1 min

Boss of car making giant Stellantis abruptly quits

The boss of car making giant Stellantis – which owns brands including Chrysler, Vauxhall, Jeep, Fiat and Peugeot – has stepped down with immediate effect. Carlos Tavares’ abrupt exit comes two months after Stellantis issued a profit warning. Last week, the firm also announced plans to close its Vauxhall van making factory in Luton, putting about 1,100…
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  • 2 min

Bitcoin approaches $100,000 on optimism over Trump crypto plans

Bitcoin came within a whisker of closing above $100,000 for the first time on Thursday as the election of Republican Donald Trump as U.S. president spurred expectations that his administration will create a friendly regulatory environment for cryptocurrencies. The world’s largest cryptocurrency was trading between $98,000 and $99,000 in late afternoon trading in the U.S. on Thursday,…
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  • 3 min

Russia Approves Bitcoin Payments for Oil & Gas

Previous to sanctions, Russia’s restrictions on cryptocurrencies were inexorable, contrary to what is proposed now. The Chairman of the State of Duma Committee on Energy Pavel Zavalny said that Russia will now accept Bitcoin payment for oil. He made the announcement at a press conference on Thursday. However, Russia specified that only China and Turkey could pay for oil…
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  • 2 min

Cryptocurrency Prices Today on March 22: BTC continues to slide as ETH, ADA clock gains

The global cryptocurrency market-capitalisation rose 0.53 percent over the last 24 hours to stand at $1.87 trillion. Trading volumes also jumped 13.96 percent to $89.28 billion during this period. The total volume in the decentralised finance (DeFi) space stood at $13.39 billion, around 15 percent of the aggregate 24-hour cryptocurrency trading volume. The total volume in stablecoins stood at $74.90…
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  • 1 min

Russian oligarchs and officials are reportedly using crypto to protect millions from sanctions

Sanctions may have thrown Russian businesses for a loop, but leaders of the country are reportedly using cryptocurrency to bypass the recent sanctions against the country.Blockchain analysis firm Elliptic has tracked down a crypto wallet, which has ‘significant asset holdings’. In an interview with Bloomberg, the co-founder – Tom Robinson – revealed that the wallet likely contains millions…
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  • 1 min

Solana NFT Marketplace Magic Eden Looking to Challenge OpenSea

Some venture capitalists hope that the Ethereum-based OpenSea will soon take a backseat to Magic Eden, a new NFT marketplace on Solana. Forty-three percent of all NFT purchases take place on OpenSea, with $23.3B in total sales, according to research firm DappRadar. But it is limited by the blockchain it operates on, which is Ethereum. Venture capital titan Sequoia Capital has set its sights on Magic Eden, a…
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  • 1 min

How to create and sell NFTs for free; know details

Business Today explains how you can mint your NFT for free on three platforms. Do you know what is common between Kalpana Chawala, Deadpool, Amitabh Bachchan, Neo from Matrix, Micheal Jordan, Batman and the Ukrainian flag? All of them have launched their own Non-Fungible Tokens (NFTs). NFTs are all the rage right now. But don’t worry, you…
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  • 1 min

Bitcoin (BTC) Pumps for Short Time as Biden Signs Executive Order on Crypto

The crypto market gives a thumbs up to Biden’s crypto executive order which sets to bring clear regulations in place. This is likely to boost institutional participation in the crypto space. On Wednesday, March 9, the Joe Biden administration signed the much-awaited executive order on cryptocurrencies. The executive order points federal agencies to work on regulations for the crypto…
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