Article written by Ujunwa Juliet Ihiasota

Bitcoin (BTC) drops to its lowest price since December 5

1 min read

Bitcoin (BTC) dropped by 2% in the last 24 hours, now at $91,800, a price last reached on December 5, when it went over $100,000 for the first time. This drop is more than 14% lower than the record high of $108,278 on December 17. Ether (ETH) has dropped by 0.7%, now costing $3,320. This is 17% lower than its peak in December and still below its highest price of

Michael Saylor hints at another major Bitcoin purchase by MicroStrategy

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Michael Saylor, co-founder of MicroStrategy, has sparked new talk about the company’s possible Bitcoin buys, suggesting another purchase for the eighth week in a row. His recent puzzling social media post about “strange blue lines” on the SaylorTracker portfolio has raised expectations for a big Bitcoin purchase. MicroStrategy is known for buying a lot of Bitcoin, owning more than 192,042 BTC at an estimated cost of $18 billion. This strategy

Montenegro to extradite Terraform Labs founder Do Kwon to the United States

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Montenegro has agreed to send Do Kwon, the founder of Terraform Labs, to the United States, as decided by the Montenegrin Justice Minister Bojan Božović. The Constitutional Court of Montenegro has turned down Kwon’s appeal against his extradition, which he claimed was based on unfair legal views. The court’s decision ended the legal process of his extradition, putting the final choice in the hands of the Minister of Justice. Do

Crypto.com launches a US trust company to offer digital asset custody services

1 min read

Crypto.com has announced a new trust company in the United States that will offer custody services for digital assets. The Crypto.com Custody Trust Company is an important part of the company’s growth plan in North America, focusing on wealthy individuals and institutions in the U.S. and Canada. The platform will safely store digital assets for qualified clients. In the coming weeks, it will move existing assets for U.S. and Canadian

MetaMask users can now stake EOS coins

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MetaMask, a popular crypto wallet, has teamed up with the EOS Network, making it easier for users to access the EOS web3 ecosystem. The EOS Wallet Snap makes it easier and safer for MetaMask users to join the EOS blockchain. The Greymass team is working together to let MetaMask users stake EOS coins, set up EOS accounts through Unicove, and use EOS-based decentralized applications (DApps) right from their MetaMask wallet.

Bitcoin and Ethereum ETFs saw record-breaking inflows last week

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Bitcoin and Ethereum exchange-traded funds (ETFs) saw a big increase in investor interest recently, making it a historic week for both assets. Spot Bitcoin ETFs in the United States saw inflows of $2.73 billion, with BlackRock’s IBIT ETF bringing in more than $2.6 billion by itself. Earlier in the week, there was a short time when Bitcoin ETFs had outflows, with withdrawals amounting to $558.3 million. Now, there has been

Paju city officials in South Korea threaten to seize and sell crypto assets of tax debtors

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Authorities in Paju, South Korea, have issued a stern warning to tax defaulters, threatening to seize and sell their cryptocurrency holdings if debts are not paid by the end of November. Targeting 17 individuals who collectively owe 124 million Korean won (approximately $88,600), the city aims to combat the growing trend of using cryptocurrencies to evade taxes. Officials emphasized that digital assets would not shield individuals from financial obligations, with

Bitcoin soars to a historic $93,000

2 mins read

Bitcoin has recently reached a remarkable milestone, soaring to an all-time high of $93,000. This achievement is not merely a product of speculation; it reflects a combination of key factors that are driving Bitcoin’s ascent in the financial world. One of the most significant influences has been the influx of institutional investment, with major financial players like BlackRock and Fidelity entering the cryptocurrency market. Their involvement lends credibility to Bitcoin,

A Chinese official received a life sentence for espionage after selling state secrets to pay off crypto debts

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Wang Moumou, a Chinese official, has been sentenced to life in prison for espionage after he sold state secrets to British intelligence. His financial troubles, primarily due to unsuccessful investments in cryptocurrency, pushed him to commit this crime, for which he received over a million yuan in crypto payments. The National Security Ministry of China has condemned Wang’s actions but has chosen not to implicate the cryptocurrency community in his

Kraken exchange is cutting 15% of its workforce

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Kraken exchange has recently made the tough decision to lay off about 400 employees, which amounts to a 15% reduction in its workforce. This move is part of a broader effort to streamline operations and enhance “organizational discipline” after experiencing significant growth that pushed its revenue past the $1 billion mark. The layoffs primarily affect senior management and executive positions. In a heartfelt message on their blog, Kraken expressed their

Bitcoin (BTC) nears all-time highs

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As Bitcoin (BTC) nears its all-time high, savvy investors are finding ways to trade without impacting the market price. Currently priced at around $72,300, Bitcoin is just shy of its previous peak of $73,798 from March, having surged nearly 14% this month, marking its strongest monthly performance since March. A notable trend in this recent Bitcoin rally is the significant increase in over-the-counter (OTC) trading. OTC desks, which facilitate private

Hong Kong Stock Exchange makes history with Asia’s first EU-regulated crypto index

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The Hong Kong Stock Exchange (HKEX) is poised to make a significant leap in the financial landscape by introducing Asia’s first EU-regulated crypto index on November 15. This innovative step is expected to open up fresh investment avenues in Hong Kong, bridging the gap between cryptocurrency and traditional stock markets. Financial analysts view this initiative as a progressive move that reinforces Hong Kong’s status as a forward-thinking financial hub. The