Browsing: Cryptocurrency news

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The post $11.3B in BTC, ETH, and USDT Found in OKX’s Eighth Proof of Reserves by OKX appeared first on cryptomuskn Fintech News. The second-largest cryptocurrency exchange, OKX, just published its eighth straight Proof of Reserves (PoR) report, showing balances of $11.3 billion in BTC, ETH, and USDT. The PoR discloses OKX’s reserve ratio above 100% for eight months and covers 22 digital properties. For increased security, the great bulk of reserves are kept in off-chain chilled storage. The current reserve ratios for BTC, ETH, and USDT are 103% (103% for each), further demonstrating OKX’s dependability and transparency in the…

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In an intriguing turn of events, the Crypto Worry & Greed Index, which is sometimes regarded as a key market indicator, has once again flashed the symbol of “greed.” The index, which had previously been in neutral area, is now at 59, signaling a significant change in market mood. The last time this counter signaled, excluding the previous week, was in early May, at the height of the Pepe coin (PEPE) craze. This significant shift follows Bitcoin’s (BTC) stunning 1.5% daily increase, which drove the price of the leading cryptocurrency to $30,800. By CoinMarketCap, convert BTC to USD Over the…

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Max Keiser, a proponent of Bitcoin and counsellor to the president of El Salvador, has sparked controversy once more in a tweet. Keiser declared a number of cryptocurrencies, including ETH, XRP, ADA, BNB, and hundreds of others, to be scams on Twitter. He didn’t stop there; he also mentioned NFTs in his caustic remark. But why did Keiser utter such bold statements? Keiser is known for taking an aggressive approach to altcoins and frequently criticizing them on social media. Except for Bitcoin, he has consistently referred to all coins as securities. He intensified his criticism by characterizing them as scams…

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A legal framework expertly created by Singapore’s Financial Authority has made it easier for digital asset networks to operate there. It will primarily help with the construction of an open, interoperable community of digital assets. The research, titled Enabling Open & Interoperable Networks, was co-written by the consultants for the Financial institution of International Settlements. The members of the financial institution’s Committee on Cost & Market Infrastructure, or CPMI, are advisors who come from the same background. The foundation for digital asset networks was created with input from several financial institutions. The title is a component of MAS’s efforts to…

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CoinTR Alternate aims to establish itself as one of Turkey’s top cryptocurrency exchanges by providing its users with a stable and simple-to-use platform. CoinTR Exchange has teamed up with Ziraat Bank and Vakf Bank, two state-owned banks in Turkey, to further increase the platform’s dependability and user experience. A number of cryptocurrencies can be bought and sold using the Turkish Lira on CoinTR, a cutting-edge cryptocurrency exchange. The site has attracted attention since September 2022 for its intuitive user interface, robust infrastructure, dependability, and high volume of buying and selling. The team behind CoinTR has extensive experience from major exchanges…

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Sam Bankman-Fried, the creator of FTX.com and Alameda Analysis, is facing a serious setback in his legal defense when Judge Lewis Kaplan rejected his motion to dismiss or sever many of the charges in his thirteen-count legal indictment. Bankman-Fried, also known as SBF, is accused of operating cryptocurrency enterprises while committing an alleged multi-billion-dollar fraud. Choose Kaplan has upheld the fees against SBF that surfaced after his extradition from The Bahamas, including those that were added after extradition. SBF’s claims that the fees violated the “rule of specialty” were found to be without merit by Judge Kaplan, but they will…

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In the wake of Nostr’s removal from the Apple AppStore, the team behind Damus, a popular social media app built on top of it, demands that Apple implement censorship-resistant, peer-to-peer payment methods and affirms that they will continue to support their platform on Android, the Internet, and desktop versions. Business executives and customers have been debating the current move by Apple to remove Damus from the AppStore in a strident manner. Despite Apple’s decision, Damus is planning to continue operations, tweeting that “nostr doesn’t care, lightning doesn’t care,” and “you cannot stop us.” The zaps ought to circulate. The app…

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The U.S. Securities and Change Fee (SEC) lawsuit’s authorized defense team, which included attorney Clayton J. Masterman, has resigned. Although the consensus on the internet was that Masterman’s departure significantly hurt Ripple, crypto lawyer John Deaton thinks that the lawyer’s absence has no bearing on the outcome of the case. Earlier today, John Deaton announced the news of Masterson’s departure from Ripple’s authorized protection team on Twitter. According to the cryptocurrency attorney, the Ripple lawyer’s withdrawal was not cause for alarm. “Let me be clear: a lawyer’s withdrawal has no effect. It’s not a sign that the matter has been…

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On Tuesday, SwissOne Capital established the first ecosystem fund to support developers, giving IOTA and Shimmer a boost. The fund, which is focused on IOTA and Shimmer, will invest financial resources in ecosystem developers. The fund will only contribute a minimum of 10,000 euros, or its equivalent in $MIOTA and $SMR. Steffen Bassler, the CEO of SwissOne Capital, said the following in a news release: “We’re thrilled to introduce this fund and give our customers early access to projects developing across the Shimmer and IOTA ecosystem. We believe that now is the ideal time to introduce a dedicated fund with…

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A stellar smart contract blockchain called Injective (INJ) has captured the attention of the cryptocurrency community thanks to a strong gain of more than 442% over the past year. The platform’s position as a game-changer has been cemented by this increase, which has bucked the bearish tendency in the cryptocurrency market. With significant support from important cryptocurrency investors like Binance, Mark Cuban, Leap Crypto, and Pantera, Injective has become a hot topic in the market. Its ascent to prominence has also been aided by its tokenomics strategy, which includes the burning of 5.7 million INJ tokens and an annual fuel…

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Chibi Finance, an arbitrum-based DeFi mission, vanished into thin air with $1 million in what a probable rug is reportedly pull. It is said that Chibi Finance, which recently moved solely to the Layer 2 community of Arbitrum, depleted its liquidity pool and vanished with 555 ethers (ETH). That amounts to nearly $1 million in person deposits at the current market rate. The most recent rug grabs from Chibi Finance The Chibi Finance team withdrew staked tokens by converting them to ETH and then sending them to the Ethereum community using the cryptocurrency mixing tool Twister Money, according to a…

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The U.S. economy will see a blip, followed by a year of contraction, predicts HSBC. Additionally, the financial behemoth predicted that a recession in Europe will follow the U.S. economy’s downturn in 2024. Recession indicators are “flashing red” for multiple economies, according to HSBC’s asset manager’s mid-year assessment. The bank asserted that the bond and equities markets are not being adequately reflected in monetary and fiscal policies. The United States has been in a recession for some time, despite efforts by the Fed to control inflation. Why does HSBC anticipate a U.S. recession? Joseph Little, the global chief strategist, claims…

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Because the recent surge has slowed, the price of one bitcoin has consistently remained above $30,000. On Tuesday, it was trading near the crucial level of $30,230, a few points below the year-to-date high of $31,413. However, it is still 95% over its 2022 low and 21% above the bottom stage in June. At the same time, time is running out on the first phase of the AltSignals token sale. Bitcoin is performing better than shares. While regulatory risks persist, Bitcoin and many other cryptocurrencies have outperformed American shares and other assets this year. The coin’s market cap has increased…

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If this situation materializes, the value of XRP might increase by more than 20%, according to recent Ripple information. XRP, a popular cryptocurrency, may experience a significant increase in value if past trends are repeated, according to crypto analyst Ali Martinez, who has made traders happy. Martinez found a connection between the variety of active addresses in the XRP community and the increase in XRP’s value. This idea is supported by data from the crypto intelligence platform Sentiment, which suggests that XRP may be able to reach new heights based on historical trends. Martinez’s graphic shows a significant improvement in…

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The whole cryptocurrency market is still declining bearishly. This has caused a constant search for more profitable ventures. The purchasing and selling volume of Uniswap (UNI) was stable prior to its most recent price increase, which caused investors to reconsider their investment strategy. Unsurprisingly, InQubeta (QUBE), which is advertised to offer significant advantages, is the challenge that buyers are currently swarming into. Continue reading to discover more details on the problem, including its unique protocol. The token with guarantees of successful presales and launches is InQubeta (QUBE). InQubeta has gained great traction among buyers and adopters alike within the crypto…

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Bitcoin’s value is at a crucial crossroads right now since it is hovering around the $30,000 threshold, raising speculation about its upcoming transfer. While momentarily falling below this level, the crucial question is still whether or not it will continue to serve as support or if a more significant conflict is currently in progress. Recent short-term charts offer insights into price movements over the preceding five days; they show an initial spike above $30,000 followed by a minor reversal. Bitcoin Value Assessment In a recent video by Tyler S, a variety of help levels are noted, including crucial help around…

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John Deaton, a renowned attorney and supporter of XRP, has provided his thoughts on the most recent developments in the continuing legal dispute between Ripple and the U.S. Securities and Alternate Fee (SEC). Deaton shared his experience of getting a case-related email that at first raised hopes but ended up being the withdrawal of a lawyer, emphasizing that it had no significant ramifications for the outcome of the case. Deaton explained that the case’s judge, Choose Torres, would file the abstract judgement on the public docket in response to a web user’s query about its availability. As a result, the…

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Analysts advocate building a fantastic, diverse portfolio using Cardano (ADA), Polygon (MATIC), and VC Spectra (SPCT) before entering the upcoming bull market. Cardano promotes Layer 1’s ongoing development, whereas Polygon promotes Layer 2 scaling choices. In the interim, VC Spectra is an intriguing possibility with a consistent upward slope that sheds new light on cryptocurrency investing opportunities. The company VC Spectra (SPCT) sheds new light on investments. A brand-new decentralized venture capital fund called VC Spectra is revolutionizing the cryptocurrency industry. Customers who join VC Spectra have access to a variety of benefits and opportunities to participate in very good…

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The recovery of Dogecoin (DOGE) over the past week has run into trouble because the 24-hour value dropped by 2.62%. The DOGE stock soared from $0.060 to $0.68 from June 20 and June 23. However, the decrease in value has forced the meme to narrowly consolidate during the past few days. According to the 4-hour chart, DOGE’s bullish thesis began to take shape strongly at $0.0612. Similar to Bitcoin (BTC), DOGE and other cryptocurrencies benefited from the surge in institutional interest. a significant decrease in activity and energy Despite the lengthy rising period, there was a breach in the uptrend…

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