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Tag: Cryptocurrencies

Putin Legalizes Crypto Mining: A Leap Towards Digital Economy

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Russian President Vladimir Putin has officially signed a law legalizing cryptocurrency mining in Russia. This significant development comes as a part of Russia’s broader strategy to embrace the digital economy and enhance its global economic competitiveness. Legalization of Mining Only Russian legal entities and individual entrepreneurs registered with the government will have the right to engage in large-scale crypto mining...

Cryptocurrencies, Front page, News

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Grayscale introduces new cryptocurrency investment trusts for Bittensor and Sui

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Grayscale, a leading crypto asset manager, has launched new investment trusts focused on Bittensor and Sui, expanding its crypto product suite. The Grayscale Bittensor Trust invests in Bittensor’s TAO token, while the Grayscale Sui Trust focuses on Sui’s SUI token. These trusts are among the first to solely invest in the tokens underpinning the Bittensor Protocol and Sui blockchain. Grayscale now manages over 20 crypto...

Cryptocurrencies, News

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Ethereum ETFs Outperform Bitcoin ETFs with $100M Inflows

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Ethereum ETFs attract nearly $100 million in inflows on August 6. Bitcoin ETFs experience outflows of approximately $150 million on the same day. Ethereum ETFs continue to gain traction while Bitcoin ETFs face challenges. Market dynamics and investor sentiment play a crucial role in the performance of cryptocurrency ETFs. Ethereum ETFs have emerged as the star performers in the cryptocurrency market, as they capitalized on...

Cryptocurrencies, ETF, Front page, News

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Crypto Markets Rebound After Monday’s Sharp Decline

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Bitcoin rebounds to $56,000 after hitting a low of $49,200 on Monday. Market recovery attributed to investor buying interest and positive sentiment. Bitcoin dominance stands at 56%, up from 39% in November 2022. Recent launch of spot Bitcoin ETFs and halving of mining rewards impact market dynamics. Market remains highly volatile, requiring investor caution and research. The cryptocurrency market has shown resilience...

Bitcoin, Crypto market, Cryptocurrencies, Front page, News

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Axie Infinity Blockchain Exploit Raises Concerns Over Security

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Axie Infinity’s Blockchain network has been exploited for nearly $10 million. The suspicious outflow of funds is associated with a MEV bot. Ronin, the company behind Axie Infinity, faced a major hack in 2022, losing over 600 million. The latest incident involves a white hat stunt, raising questions about security measures in the decentralized finance space. What Happened? Axie Infinity, a popular blockchain-based...

Cryptocurrencies, Front page, News

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