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

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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Ten decentralized finance protocols govern over 52% of WBTC in circulation

As of October 22, 2023, there are 79,839 individual wallets containing WBTC, a token pegged 1:1 to Bitcoin (BTC). WBTC tokens in circulation total 163,006, valuing the project at $4.88 billion. Since December 17, 2022, there has been a 12.31% reduction in the circulating supply of WBTC, from 185,909 WBTC to the current 163,006 WBTC….

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More than 100 Binance accounts closed by Israeli authorities on suspicion of facilitating Hamas financing

Binance, the world’s leading cryptocurrency exchange, has reportedly closed more than 100 accounts in response to the deadly Hamas attack on Israel earlier this month. According to a recent Financial Times report, which cited “people directly familiar with Israeli police actions,” Israeli law enforcement agencies ordered shutdowns and confiscated millions of cryptocurrencies in an effort…

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Ripple Gets License Formally Approved in Singapore

Ripple’s Singapore division has obtained a license as a major payments institution from the Monetary Authority of Singapore, the company said, allowing it to continue providing digital payment token services in the fast-growing region. It is the second good news for Ripple in the last eight hours. “Singapore has emerged as a leading fintech and…

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US Crypto Exchange Kraken Obtains ‘Historical’ Regulatory Approvals in Europe

The Kraken cryptocurrency exchange announced new achievements in the implementation of its strategy to seek expansion in the European market. The US digital asset trading platform said it received regulatory approvals from monetary authorities in Ireland and Spain, two of the EU countries with relatively clear rules for the sector. Kraken, Another Major US Crypto…

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Blockchain funding in Germany rises 3% amid market slowdown

Germany’s blockchain sector recorded a total of $355 million in venture capital funding across 34 deals, representing a 3% increase compared to the previous year. Germany hit an all-time high in global venture capital funding participation in 2023, despite a decline in overall blockchain market performance worldwide, according to a report published by Crypto Valley…

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Bitstamp is raising funds to expand services in Asia and Europe

Bitstamp seeks to expand the number of markets it serves Bitstamp, one of the oldest cryptocurrency exchanges, revealed that it is currently in talks with investors to raise new funds. This is according to Bitstamp CEO Jean-Baptiste Graftieaux. The CEO told Bloomberg that the cryptocurrency exchange started the fundraising process a few weeks ago, with…

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The Biggest Movers: SHIB increases to a maximum of 3 months to start the weekend

Shiba inu was a notable gainer during Saturday’s session as the meme coin rose to a three-month high. The move comes as traders continue to react to Binance’s decision to approve the coin as collateral in addition to the upcoming Shibarium release. Dogecoin also broke its recent losing streak today. Shiba Inu (SHIB) Shiba inu…

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Stronghold Expands Operations with $3 Million Acquisition of 2,000 Bitcoin Canaan Miners

Stronghold Digital Mining announced on Thursday that it has acquired 2,000 application-specific integrated circuit (ASIC) bitcoin mining rigs from Canaan. The new machines, which cost $3 million, will be delivered to Stronghold’s Panther Creek facility in the third quarter. Stronghold Digital Mining Acquires 2,000 Avalon A1346 Bitcoin Miners While 2022 was not a breakout year…