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Tether Holdings Limited Registers Record-Breaking Net Profit in Q4 2023

Bitcoin and Gold Price Appreciation Contribute to Tether's Record Profit In the last quarter of 2023, Tether Holdings Limited achieved a remarkable milestone by registering a net profit of $2.85 billion, setting a new record for the stablecoin issuer. This outstanding performance contributed to Tether's overall net profit in 2023, which reached an impressive $6.2 […]

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Bitget’s Global Survey Reveals Optimistic Outlook for Bitcoin Prices

Anticipating Bitcoin Price Range During the Halving Period A recent international survey conducted by Bitget has shed light on the crypto market's hopeful perspective. The survey gathered insights from nearly 10,000 individuals across various regions, including West Europe, East Europe, Southeast Asia, East Asia, MENA, and Latin America. The results reveal that more than half

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Bitcoin Price Analysis: Resilience Amidst Market Volatility

Introduction On Friday, the price of bitcoin experienced fluctuations ranging from $41,937 to $43,347, with its market value reaching $846 billion. The day's trading activity amounted to $17.35 billion, indicating increased investor participation and market liquidity, which typically declines as the weekend approaches. The Current Sentiment towards Bitcoin The sentiment towards bitcoin (BTC) is currently

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DLCs Evolving To Meet Institutional Needs

Introduction Discreet Log Contracts (DLCs) have been around since 2017, when Thaddeus Dryja, co-creator of the Lightning Network protocol, proposed this concept. DLCs are smart contract structures that aim to address three key issues with previous contract schemes: scalability, data integration, and user privacy. Scalability and Contract Footprints The scalability of smart contracts was a

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Hong Kong Securities Regulator Warns Against Unlicensed Virtual Asset Trading Platforms

The Hong Kong Securities and Futures Commission (SFC) has issued a warning to cryptocurrency investors, urging them to only use or trade on approved virtual asset trading platforms (VATPs). The regulator emphasized the importance of verifying a VATP's regulatory status before engaging in any transactions. Background This warning comes after the SFC previously advised users

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Monero’s Market Plummets 32% as Binance Announces Delisting, Sparking XMR’s Turbulence

Monero Faces 32% Value Slash as Binance Cuts Ties With Privacy Coin Monero (XMR), the leading privacy-focused cryptocurrency, experienced a sharp 32% decline within the last day following the announcement that Binance, the world's leading cryptocurrency exchange, intends to remove the coin from its platform. Binance cited non-compliance with its listing criteria as the reason

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Vast Bank Withdraws from Cryptocurrency Sector, Closes Mobile App

Vast Bank's Decision to Exit the Cryptocurrency Market Vast Bank, a financial institution based in Oklahoma, United States, has recently made the decision to withdraw from the cryptocurrency market. As part of this strategic shift, the bank will be shutting down its crypto mobile banking application, effective January 31st. This move signifies a change in

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Bitcoin Emerges as ‘Flight to Safety’ Asset, Outshining Gold, Says Cathie Wood

Cathie Wood: Investors Favor Bitcoin Over Gold Amid Financial Uncertainty Cathie Wood, CEO of ARK Invest, believes that there is a notable shift in investment trends, with investors increasingly favoring bitcoin over traditional gold investments. This shift has become more apparent since the introduction of spot bitcoin ETFs, which provide investors with easier access to

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