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Tag: Cryptocurrencies

White House Stablecoin Yield Talks End in Impasse as Banks Demand Broader Ban

White House Stablecoin Yield Talks End in Impasse as Banks Demand Broader Ban

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U.S. crypto and banking executives met at the White House on February 10, but failed to reach an agreement on stablecoin yields. Banks circulated a principles document calling for a total ban on yields, exceeding the bill’s draft text. Crypto representatives expressed optimism for future progress, while the issue may return to the Senate Banking Committee. A closed-door White House meeting aimed at resolving a key...

Crypto regulation, Cryptocurrencies, Front page, News, Regulation

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South Korea Intensifies Probe into Bithumb After Billion Bitcoin Fat-Finger Fiasco

South Korea Intensifies Probe into Bithumb After $43 Billion Bitcoin Fat-Finger Fiasco

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South Korea’s Financial Supervisory Service has escalated its inspection of Bithumb into a comprehensive probe following a $43 billion Bitcoin distribution error on February 6. The incident exposed critical flaws in the exchange’s internal controls, allowing the disbursement of 620,000 BTC despite holding only around 46,000 BTC. Bithumb recovered 99.7% of the misdistributed assets and plans to compensate affected users at 110%...

Bitcoin, Cryptocurrencies, Front page, News

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Crypto Weekly Snapshot – The Crypto Rebound

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The crypto market this week was marked by sharp volatility, with a major sell-off erasing significant value before a partial recovery. Bitcoin dominance held at 57%, while Ethereum stayed at 10.1%, and ecosystems like Polkadot and XRP showed relative strength. The week’s dominant story was the crypto market crash, fueled by ETF outflows, macroeconomic pressures, and a broader risk-off sentiment. Bitcoin plummeted below $70,000,...

Bitcoin, Crypto market, Cryptocurrencies, ETF, Ethereum, Solana

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Bitcoin Mining Difficulty Drops 11% in Largest Negative Adjustment Since China's 2021 Ban

Bitcoin Mining Difficulty Drops 11% in Largest Negative Adjustment Since China’s 2021 Ban

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Bitcoin’s mining difficulty fell 11.16% to 125.86 trillion at block height 935,424. This represents the biggest single negative adjustment since July 2021 following China’s mining crackdown. The drop follows a roughly 20% decline in network hashrate over the past month, attributed to falling Bitcoin prices and winter storm-related shutdowns. Bitcoin’s network has undergone its most significant mining...

Bitcoin, Crypto Mining, Cryptocurrencies, Front page, News

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Bitcoin Recovers to ,000 As Altcoins Rally

Bitcoin Recovers to $70,000 As Altcoins Rally

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Bitcoin has powered back to the $70,000 level, marking a dramatic rebound that has lifted sentiment across the cryptocurrency market. After briefly dipping below $60,000 earlier in the week, Bitcoin’s resurgence has been swift and decisive. The benchmark cryptocurrency surged nearly 15% in just two days, fueled by strong inflows into spot Bitcoin exchange-traded funds (ETFs) and renewed institutional demand. Traders now view $70,000 as a...

Bitcoin, Cryptocurrencies, Front page, News

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