Bitcoin mining inherently involves high energy costs due to the operation of supercomputers. The world’s largest cryptocurrency Bitcoin (BTC) made substantial gains surging by 160% this year in 2023. The rally in Bitcoin and the broader crypto market has also helped some of the US-listed crypto companies recover from the …
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In a year when numerous countries have embraced cryptocurrencies as a means to foster economic growth and innovation, the United States Securities and Exchange Commission (SEC) has faced mounting criticism from the crypto industry. Since assuming the role of SEC Chair in April 2021, Gary Gensler’s tenure has been marked …
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China’s Supreme Procuratorate has dealt a significant blow against illegal cryptocurrency operations by sentencing Zhao Dong, the founder of RenrenBit and a minor shareholder of Bitfinex, to a seven-year prison term. The prominent crypto figure faced charges for running illegal business operations and engaging in unauthorized foreign exchange trading. This …
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Despite a predictable slump in the crypto market on Boxing Day, one contrarian token rallied – jumping over 22% in just 24 hours. We’ll dive into the specifics of MATIC’s dramatic price appreciation, as well as a new altcoin that’s also forecast to see significant gains in the near future. …
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While the average performance of crypto funds did not match the more than 150% rally in Bitcoin this year, the positive shift in fortunes is a promising development for the industry. After facing a strong crypto winter in 2022 following the collapse of Three Arrows Capital (3AC), crypto hedge funds …
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The crypto industry in 2023 witnessed a significant reduction in venture capital (VC) funding, experiencing a 68% drop compared to the previous year. Despite this downturn, the $10.7 billion invested in 2023 surpassed the amounts recorded in previous bear markets. The year’s total investment notably exceeded $3.1 billion in 2019 …
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Nobody could argue that 2022 was anything but a bear market. After Bitcoin reached an ATH in November of 2021 we saw the bear market develop in classic fashion by losing support at key technical levels. While the bear was playing out in somewhat predictable fashion, the market was caught …
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Aside from Hong Kong, another country that has contributed significantly to the growth of the Asian crypto economy is Singapore. As the curtain draws nearer towards the end of 2023, Hong Kong has emerged as a significant player in shaping the regulatory landscape for crypto assets in Asia, the Block …
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In the prevailing bearish backdrop of the broader cryptocurrency market, NEAR Protocol (NEAR) emerges as a noteworthy exception, showcasing remarkable resilience and defying the prevailing downtrend. Its trajectory has been one of sustained upward momentum, a trend that notably took root around mid-December and has continued to gather strength. Unlike …
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Another year, another Crypto Christmas special for our team at NewsBTC. In the coming week, we’ll be unpacking 2023, its downs and ups, to reveal what the next months could bring for crypto and DeFi investors. Like last year, we paid homage to Charles Dicke’s classic “A Christmas Carol” and …
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A crypto educator with a large following on X (formerly Twitter) has forecasted a 1,500% price surge for Ripple. Meanwhile, the presale DeFi token, Meme Moguls, is also seeing increased interest from investors in its presale. Crypto Educator Predicts Ripple (XRP) To Skyrocket 1,500% Ripple’s (XRP) price movement has been …
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US Securities and Exchange Commission (SEC) lawyers have issued an apology to a judge for misrepresenting facts in a case involving a crypto firm. The SEC lawyers expressed deep regret and acknowledged their errors in securing a restraining order and asset freeze against Digital Licensing Inc., also known as DEBT …
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