Bitcoin briefly lost all of its gains this year after the crypto markets bled over the weekend, despite the US government reopening on Thursday, which was expected to provide much-needed relief to the markets. Bitcoin (BTC) fell to a low of $93,029 on Sunday, down 25% from its all-time high in October. It started the…
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Gold investor Peter Schiff called Strategy’s business model, which hatched the biggest Bitcoin (BTC) treasury company in the world, a “fraud” on Sunday and challenged the company’s founder, Michael Saylor, to a debate. Schiff, who is one of crypto and Bitcoin’s harshest critics and a staunch gold advocate, challenged Saylor to a debate at Binance…
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The debate between the Bitcoin (BTC) and Zcash (ZEC) communities intensified on Sunday as the price of Zcash recovered to over $700, after falling to a low of $598 on Saturday. “The ‘Bitcoin only, everything else is a scam’ crowd is going to get really twisted trying to figure out what to say about Zcash,”…
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Japan’s Financial Services Agency (FSA) is preparing an overhaul of the country’s crypto regulatory framework, moving to classify digital assets as “financial products” under the Financial Instruments and Exchange Act. The plan would introduce mandatory disclosures for 105 cryptocurrencies listed on domestic exchanges, including Bitcoin (BTC) and Ether (ETH), and bring them under insider trading…
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Upbit operator Dunamu reported a surge in profitability for the third quarter of the year, posting 239 billion won ($165 million) in net income. The figure marks an increase of more than 300% compared to the same period last year, which stood at $40 million, local news outlet Chosun Biz reported, citing regulatory filings with…
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The Scaramucci family has invested over $100 million into American Bitcoin, the mining company tied to US President Donald Trump’s sons. The funding came through Solari Capital, the investment firm founded by AJ Scaramucci, which led the company’s $220 million round in July, months before American Bitcoin went public through a reverse merger in September,…
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The average investor still hasn’t reached a clear consensus on which crypto assets beyond the top two warrant serious attention, according to Anthony Bassili, president of Coinbase Asset Management. “There’s a very, very clear view in the investor community in terms of the right first portfolio is Bitcoin. The next is Bitcoin, Ethereum,” Bassili said…
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WisdomTree’s head of digital assets, Will Peck, anticipates that exchange-traded funds (ETF) that hold diversified baskets of cryptocurrencies will fill a significant gap in the market in the coming years. “It does seem like that’s going to be one of the next waves of adoption,” Peck told Cointelegraph at The Bridge conference in New York…
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Steak ‘n Shake, a fast food restaurant company in the United States that accepts Bitcoin (BTC), announced on Saturday that it is expanding into El Salvador. “We were honored to be in Bitcoin Country,” the company said in an X post following Steak ‘n Shake’s participation in the country’s Bitcoin Histórico event on Wednesday and…
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The crypto market’s long-term fundamentals look promising, despite the shakeup in October and November that has left asset prices down and investor sentiment to crater, according to Hunter Horsley, CEO of investment firm Bitwise. Horsley said the four-year market cycle is dead, replaced by a more mature market structure and changed dynamics due to the…
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