Hong Kong already has a clear definition of Ethereum and it is not a security, said OSL Digital Securities head Wayne Huang. Exchange-traded fund issuers in Hong Kong are not concerned about the crypto crackdown in the United States which could result in regulators classifying Ether as a security. Speaking at a press conference on…
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Bitcoin and altcoins are projected to reenter bullish upside on longer timeframes, with the signs becoming clear despite consolidatory BTC price action. Bitcoin bounced past $64,000 ahead of the April 28 weekly close as altcoins sought a recovery. BTC/USD 1-hour chart. Source: TradingView Altcoins set for boost on waning Tether dominance Data and TradingView tracked stronger BTC…
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The solo miner netted around $200,000 in rewards for validating block 841,286. A single Bitcoin miner has defied the odds by solving a Bitcoin block alone, netting them the full 3.125 Bitcoin block reward. On April 28, software engineer and administrator from the solo mining pool ckpool, Con Kolivas, posted to X that a miner had…
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Google Cloud recently launched a Web3 portal with testnet tools, blockchain datasets, and learning resources for developers, receiving mixed reactions from the crypto industry. Google Cloud has introduced a new Web3 portal with resources for blockchain developers, including datasets and tutorials on creating non-fungible tokens (NFT). However, the reception within the cryptocurrency industry has been…
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Bull flags are historically associated with more upside momentum, but Bitcoin price could still use a catalyst before rallying to new highs. Bitcoin printed a bull flag on the daily chart, a technical chart pattern associated with strong upward momentum for the asset. Could it signal the start of the post-halving bull run? Bitcoin bull flag…
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Republic First Bank’s 32 branches across the United States will reopen under Fulton Bank starting April 27, according to the FDIC. United States regulators have closed Philadelphia-based Republic First Bank, marking the nation’s first banking failure of 2024. It has sparked debate among the crypto community amid Bitcoin , Ether and several altcoins slightly faltering…
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This week’s Crypto Biz examines X’s upcoming payment system, the NYSE’s potential 24/7 trading, Block’s expansion into Bitcoin mining, and more. Social media platform X is set to incorporate a wide range of financial services into its ecosystem. Christopher Stanley, X’s head of payments, compared the future functionality of the platform to the combination of…
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The creator of the Bored Ape Yacht Club has been struggling with a changing market and still plans to focus on its Otherside metaverse project. Yuga Labs CEO Greg Solano had a “tough day,” he informed company employees in a message that he then shared with the world on X. Some of those employees had…
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Republic First Bank’s 32 branches across the United States will reopen under Fulton Bank starting next week, according to the FDIC. United States regulators have closed Philadelphia-based Republic First Bank, marking the nation’s first banking failure of 2024. It has sparked debate among the crypto community amid Bitcoin , Ether ETH, and several altcoins slightly…
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“Mt. Gox coins could become a relevant negative price contributor in the next weeks,” say K33 Research analysts. The potential return of more than $9 billion worth of Mt. Gox-era Bitcoin over the next few weeks might “spook the market” and put negative price pressure on Bitcoin, according to K33 Research analysts. Earlier this week on…
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