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Bitcoin Network Strengthens: Hash Rate Hits New All-Time High

Network data shows that Bitcoin mining hashrate has continued its recent upward trend and reached a new all-time high. Bitcoin’s 7-day average mining hash rate just hit a new all-time high “Mining hashrate” refers to a metric that monitors the total computing power that miners have connected to the Bitcoin blockchain. This indicator can be…

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NFT Trader Suffers $3 Million Loss in Multiple Attacks

NFT Trader, a peer-to-peer non-fungible token trading platform, has suffered a series of multiple exploits resulting in multi-million dollar losses to users’ assets. The incident occurred on December 16, and bad actors made off with $3 million worth of tokens, including 13 Mutant Ape Yacht Club, 37 Bored Ape, some VeeFriends, and World of Women…

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Bitcoin Rewards Platform Lolli Raises $8M in Series B Funding to Scale Enterprise Offerings

According to a report from TechCrunch, Lolli, a popular Bitcoin (BTC) and cashback rewards app, has successfully raised $8 million in a Series B funding round. The latest investment, led by BITKRAFT Ventures, will allow Lolli to expand its rewards program to business partners such as exchanges, neobanks, banks, payments companies and browsers. Lolli’s Bitcoin…

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Tether Increases Security by Targeting OFAC-Listed Wallets

Tether, the company behind the prominent stablecoin, has announced a significant policy change in its approach to regulatory compliance and cooperation with law enforcement agencies. In a recent blog post dated December 9, Tether revealed its initiative to voluntarily freeze wallets associated with individuals or entities on the United States Office of Foreign Assets Control…

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Spain Cracks Down on Cryptocurrency Plot in North Korea

In a significant development, Spanish authorities have arrested Alejandro Cao de Benos, a key figure linked to a North Korean cryptocurrency conspiracy. The arrest took place at the Atocha train station in Madrid when Cao de Beños arrived from Barcelona. Arrest in Spain sheds light on crypto fraud Cao de Benos, founder of a pro-Pyongyang…

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Coinbase Stock Hits 18-Month High After Binance Allegations

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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BIT Exchange to Launch SOL Options Trading Along with XRP and ADA

BIT Exchange, a digital asset exchange founded by Jihan Wu, a Chinese cryptocurrency entrepreneur, recently issued a statement stating that the company is ready to launch Solana (SOL) options trading following the colossal surge in lawsuits. institutional. The aforementioned decision was highly anticipated by crypto market enthusiasts within the crypto space as SOL has recently…

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Thai Bank Acquires 97% Stake in Bitcoin and Crypto Exchange

In a strategic move that solidifies its presence in the cryptocurrency sector, Thailand’s Kasikorn Bank has announced the acquisition of a 97% stake in Satang Corporation Company Limited, the parent company of the Satang cryptocurrency exchange. The deal, valued at 3,705 million Thai baht ($102.8 million), was carried out through a newly formed subsidiary of…

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X plans to launch payment service in 2024

The richest man in the world, Elon Musk, again discussed his plans to transform X (formerly Twitter) into a full-fledged financial platform, setting a timeline until the end of 2024 to achieve this goal. This has led many in the crypto community, specifically the DOGE community, to speculate about what this move could mean for…