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Coinbase Stock Hits 18-Month High After Binance Allegations

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The price rally comes after rival exchange Binance pleaded guilty and traders apparently priced Coinbase’s custody arrangements for a series of spot crypto ETFs. Shares of cryptocurrency exchange Coinbase (COIN) hit an 18-month high after rival exchange Binance and its former CEO Changpeng Zhao pleaded guilty to money laundering and violations of US sanctions. On…

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Binance Crypto Exchange Launches Futures Trading for Ethereum-Based Altcoin Surges Over 50% in a Week

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The world’s largest cryptocurrency exchange by volume is launching futures trading for an Ethereum-based altcoin (ETH) that is up more than 50% in a week. In a new announcement, cryptocurrency exchange Binance says it will launch futures contracts with up to 50x leverage for Powerledger (POWR), a decentralized energy marketplace built on ETH that democratizes…

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Binance Launches Copy Trading Feature, Allowing Users to Duplicate Strategies of Experienced Traders

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Binance has launched a new “copy trade” feature that gives its users the ability to replicate strategies employed by top cryptocurrency futures traders. “Copy traders” can now imitate the real-time futures trading strategies of “lead traders,” according to a new exchange announcement. Copy traders will be able to review the performance metrics of top traders…

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Binance invests a lot of money in stable asset Curve

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Binance Labs, the investment side of the world’s largest and most popular digital exchange, has put $5 million into the new Curve DAO token that powers the Curve blockchain network. Binance puts a lot of money on the curve At the time of writing, Curve is valued at approximately $2.4 billion and witnesses a daily…

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Tether, Issuer of USDT, Reports 30% Drop in Profits

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USDT stablecoin issuer Tether released its Q2 2023 certification report on July 31, and according to the report, Tether posted an “operating profit” of $1 billion in the second quarter, down of approximately 30 times.% of first-quarter earnings of $1.48 billion. While its $1 billion “operating income” is down from Q1, there is a 30%…

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Gaining speed on tokenization is vital for the UK’s financial future, warns a banking group

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UK Finance says it’s not too late for the UK to catch up with other jurisdictions’ quicker start to tokenizing securities, and it better do so if it wants to remain a global financial leader. Advocacy group UK Finance is urging the British government to encourage the tokenization of securities. The market is small now,…

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Bitcoin Depot on Nasdaq

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The acquisition deal for the special-purpose company, first reported in August 2022, cost $885 million and is expected to allow investor exposure to Bitcoin Depot common stock. Bitcoin Depot, one of the largest cryptocurrency ATM companies in the United States, has announced the closing of a merger agreement allowing the company to go public. In…

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Coinbase Insiders, Including the CEO, Used Insider Trading to Avoid $1 Billion Losses

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A Coinbase insider recently filed a new lawsuit naming Coinbase (NASDAQ:COIN) insiders, including chairman and CEO Brian Armstrong, for using insider trading to avoid losses of $1 billion during the public listing of the shares two years ago. . The investor filed the complaint on Monday, May 1, in the Delaware Chancery Court. Furthermore, the…

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Ethereum price is vulnerable to further losses if it dips below $1,920

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Ethereum price extended its decline below $1,920 against the US Dollar. ETH may continue to fall if it breaks the $1,820 support zone. Ethereum price turns red Ethereum price gained bearish momentum after breaking below the $2,000 support. ETH extended its decline below the $1,950 and $1,920 support levels, similar to Bitcoin. The bears even…