Bitcoin fell in value to $26.5 thousand
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1y ago
The rate of the first cryptocurrency fell to $26.5 dollars. The last decline of BTC to these positions was on May 13, after which it gradually began to return to the position and within 10 days at $26.6 thousand to $27.4 thousand. Now Bitcoin is trading at $26.8 thousand. According to CoinGecko, the cryptocurrency fell in price by 0.7% overnight. The market capitalization of Bitcoin is $520.9 billion with a daily trading volume of $10 billion. BTC's share of the cryptocurrency market is 44.5%. The positions of other popular altcoins also suffered. Ethereum for a day lost 0.1% to $1.8 thousand ..read more
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Poloniex to pay $7.6 million for sanctions violation
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1y ago
Cryptocurrency exchange Poloniex will pay a fine of $7.59 million for violating sanctions to the U.S. Treasury Department's Office of Foreign Assets Control (OFAC). This was announced in a According to OFAC, from January 2014 to November 2019, the platform committed 66,000 sanctions violations, allowing customers from Cuba, Iran, Sudan, Syria and Crimea to make cryptocurrency transactions of up to $15 million. Poloniex began operating in 2014, but the sanctions compliance program was not implemented until middle of 2015. But the program allowed customers from sanctioned countries to continue u ..read more
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Bitcoin again reached a value of $29 thousand
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1y ago
The value of Bitcoin returned to the value of $29 thousand. During the day, the value of the first cryptocurrency increased by 2.3%. Now it is trading at $29,170, the share of BTC on the cryptocurrency market is 25.7%. Large cryptocurrency traders watched the decision to change the key rate at the U.S. Federal Reserve. According to the results of the meeting, held on May 2-3, the agency increased the rate by 25 basis points, up to 5.25% per annum, which coincided with market expectations. The value of Bitcoin increased by 1.8 % when the Fed's decision was announced. Other popular cryptocurrenc ..read more
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KuCoin reported that its Twitter account was hacked
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1y ago
KuCoin platform developers warned that their official Twitter account was hacked. It happened in the afternoon of April 23. Developers that several users lost a small amount of money due to fake tweets. Now KuCoin ranks 7th among cryptocurrency exchanges in terms of trading volume. In a day, this figure is $543.6 million. The account was in the hands of attackers for 45 minutes. After the account was restored, KuCoin identified 22 transactions, including Bitcoin and Ethereum. The total amount of exchange users' losses amounted to 22.6 thousand USDT. The exchange plans to reimburse all of their ..read more
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Bitcoin updated its lowest value for the week
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1y ago
The total market capitalization of cryptocurrencies for the day increased by 0.7% and reached $1.33 trillion ..read more
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Bitcoin has dropped below $29,000
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1y ago
Against the backdrop of declining cryptocurrency rates, the "fear and greed" index has moved to neutral values from the position of greed ..read more
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Bitcoin exchange rate reached its highest value since August
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1y ago
On February 2 Bitcoin rate reached $24.1 thousand, which is the maximum since August 15, 2022. The first cryptocurrency rose in price by 2.8% over a day. Now, according to Coingecko, the cryptocurrency is trading at $23.74 thousand. The market capitalization of BTC now stands at $458 billion, which is 40.6% of the entire cryptocurrency market. The daily trading volume is $41.8 billion. In addition to Bitcoin, other altcoins increased in price. Ethereum rose in price by 5.6% and reached $1,660, BNB grew by 6.9% to $322, Cardano by 5%, reaching a value of $0.4, Polygon increased by 12.2%, reachi ..read more
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The mining company Marathon Digital sold 1,500 bitcoins in January
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1y ago
Marathon Digital sold 1,500 Bitcoins in January. In the first month of 2023, the company produced 45% more cryptocurrency than the month before. According to a , the company decided to sell some of its earned assets to cover operating expenses due to the increase in mining. Marathon Digital is a leading cryptocurrency mining company based in the U.S. and entering public trading. Its farms with tens of thousands of devices are located in Texas, North Dakota and other states. “We started the year by producing a record 687 bitcoins in January 2023, which is a 45% increase from the 475 bitcoins we ..read more
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Huobi Global exchange plans to change its name
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1y ago
the launch of a program to rebrand its products. It includes a name change (removing "Global" from the name) and increasing influence on the global market. These activities are related to the purchase of the About Capital Buyout Fund in October 2022. The new name will consist of two Chinese characters, "火" and "必. The first signifies eternal life force and its transmission to generations, and the second signifies the desire to win. Huobi plans to increase investment in the Southeast Asian and European regions, which will help increase the exchange's user base. The company also plans to hire bl ..read more
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During the week the volume of trading on the exchanges fell by half
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1y ago
During the week the sales volume on the largest crypto exchanges more than halved. According to analysts from Kaiko, the decline in volumes came a week after the collapse of FTX. Trade volume cooled off significantly last week after one of the busiest weeks ever during the FTX collapse. Weekly volume on Huobi and Bitfinex dropped 82% and 75%, respectively. Gemini's volume fell by 56% after the exchange halted its Earn program and Binance’s dropped 60%. Trading volumes on Huobi exchanges fell by 82% and Bitfinex by 75%. Gemini saw a 56% drop in volume, which led the platform to limit payouts to ..read more
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