Tag: Business

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Polymarket CEO Alleges Politically Motivated FBI Raid

Polymarket CEO Shayne Coplan believes that the recent FBI raid on his devices may have been politically motivated. He expressed his disappointment and suggested that the current administration is targeting companies associated with political...
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US Bitcoin ETFs Hold 1 Million Bitcoin Valued at $96 Billion

US Bitcoin ETFs currently hold a massive 1 million Bitcoin, with a total value of $96 billion. This staggering amount is close to surpassing the estimated 1.1 million BTC stash of Bitcoin's mysterious creator,...
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Republican State AGs and DeFi Lobby Challenge SEC’s Crypto Enforcement – Lawsuit Analysis

A group of state attorneys general and the DeFi Education Fund have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its five commissioners. They claim that the SEC is overstepping...
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SOS Stock Soars 100% After $50 Million Bitcoin Investment Approval

SOS Limited, a Chinese data mining and technology company, recently made headlines when its board approved a $50 million investment in Bitcoin. This decision was driven by the company's desire to diversify its assets...
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Bitcoin Price Surges with BlackRock ETF Breaking Records in 2024

Bitcoin saw a significant surge on Wednesday, reaching a record high of $76,481, marking its fourth-best day of the year. This increase followed the U.S. presidential election victory of Donald Trump, who expressed support...
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Institutional Capital Driving Crypto Rally: Bitfinex Insights

The recent surge in the crypto market, reaching a new all-time high of nearly $3.5 trillion, has been primarily driven by institutional capital flowing into Bitcoin and altcoins. According to Bitfinex insights, the influx...
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Ripple’s RLUSD Stablecoin Set to Launch on Dec. 4 with NYDFS Approval

Ripple, a cryptocurrency company, is getting ready to launch its new stablecoin called RLUSD on December 4th, after receiving approval from the New York Department of Financial Services (NYDFS). This stablecoin is pegged to...
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Bitcoin Market Cap Divergence: A Sign of Euphoria

Bitcoin Market Cap Divergence: A Sign of Euphoria Recently, there has been a lot of talk about the divergence in the market cap of Bitcoin. This is seen as a sign of euphoria in the...
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Bitcoin Price Discovery: First Mover Americas Hits Record High

Bitcoin's price continues to climb, with attempts to break above $76,000 in the Asian and European markets. Currently, BTC is up by 1.7% in the last 24 hours, sitting just below its all-time high...
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US Influence on Bitcoin Grows Under Trump Administration

The influence of the United States on Bitcoin has been steadily growing under the Trump administration. As the world's largest economy and a major player in the global financial system, the US has a...