The Australian arm of the trading platform Webull has launched crypto services in Australia just days after relaunching its crypto offering in the US, after exiting the market two years ago. Webull Australia said on Wednesday that the platform will offer 240 cryptocurrencies in a partnership with Coinbase Prime. “The addition of cryptocurrencies and digital…
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US prosecutors appealed the sentences of time served given to the co-founders of HashFlare, a crypto mining service and $577 million Ponzi scheme. Prosecutors told a Seattle federal court on Tuesday that the government was appealing the sentences handed down earlier this month to Sergei Potapenko and Ivan Turõgin. Potapenko and Turõgin were in custody…
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Bitcoin’s market cycles are not anchored around its halving events as widely believed, according to analyst James Check, who says other factors drive bull and bear cycles. “In my opinion, Bitcoin has experienced three cycles, and they are not anchored around the halvings,” Check said on Wednesday, referring to the blockchain’s cutting of mining rewards…
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Around a quarter of British adults say they’re open to crypto forming part of their retirement plan, suggesting that crypto could claim a larger share of the UK’s multitrillion-dollar pension fund market. UK insurance company Aviva said on Tuesday that its poll of 2,000 UK adults found 27% were open to crypto in their retirement…
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Shares in the Healthcare company KindlyMD dropped on Tuesday after it announced a $5 billion at-the-market equity offering program to raise funds to expand its Bitcoin holdings. The healthcare services company, which recently merged with Nakamoto Holdings and adopted a Bitcoin (BTC) treasury strategy, said on Tuesday that it filed with the Securities and Exchange…
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Outgoing US Commodity Futures Trading Commission commissioner Kristin Johnson says she will be leaving the regulator next week, on Wednesday, Sept. 3, after saying earlier this year she’d leave the agency before 2026 after completing her term. Johnson said in a statement on Tuesday she considered it an “honor and privilege” to work as a…
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Bitcoin mining company Hut 8 is building four new Bitcoin mining sites in Texas, Louisiana and Illinois, adding 1.5 gigawatts of capacity as US miners tighten their grip on the global hash rate. According to a Tuesday announcement, the expansion is aimed at broadening the company’s geographic footprint and target markets where “energy demand [is]…
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Users of the Binance cryptocurrency exchange deposited $1.65 billion in stablecoins, a large inflow often seen as a precursor to renewed demand for spot cryptocurrencies following the recent market sell-off. The deposit coincided with nearly $1 billion in Ether (ETH) withdrawals from Binance, according to onchain analytics provider CryptoQuant. It also marked the second time…
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It is now clear to most investors, especially those who have survived one or more crypto winters, that Bitcoin moves in cycles of about four years. Many argued until 2022 that Bitcoin would always remain above its previous highs. This happened in 2011, in 2014 and in 2018. In 2022, however, the price of Bitcoin…
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Prediction market Polymarket has added Donald Trump Jr. to its advisory board after receiving a strategic investment from 1789 Capital, which describes itself as a politically aligned vehicle backing companies it sees advancing “American exceptionalism.” The companies did not revealed financial terms, but Axios estimated the investment at “double-digit millions of dollars.” Trump Jr. became…
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