Cryptocurrency
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Binance says it is winning crypto clients thanks to inflation
Binance, the world’s largest cryptocurrency exchange, is seeing a surge in clients due to rising inflation and a historically strong dollar that has depressed emerging market currencies, an executive…
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U.S. imposes sanctions on virtual currency mixer Tornado Cash
The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from North Korea, to launder proceeds from their cyber crimes. A senior…
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Crypto winter may temper fintech earnings
Wall Street has lowered earnings expectations for once high-flying fintechs Coinbase and Block, as a chill in the cryptocurrency market adds more pain to the companies already grappling with surging …
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Bitcoin rises by 6.9%, investors unsure
Bitcoin rose 6.85% to $22,717.05 at 22:05 GMT on Wednesday, adding $1,457.27 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 29.1% from the year’s low of $17,…
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Dutch central bank slaps Binance with €3.3m fine
The Dutch central bank (DNB) on Monday said it had fined Binance, one of the biggest cryptocurrency exchanges, 3.3 million euros ($3.35 million) for offering services in the Netherlands without being…
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Crypto lender Celsius Network reveals $1.19 bln hole in bankruptcy filing
Celsius Network listed a $1.19 billion deficit on its balance sheet in a bankruptcy court filingon Thursday, a day after the cryptocurrency lender filed for Chapter 11. New Jersey-based Celsius froze…
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Global financial watchdog to step up crypto regulation
The Financial Stability Board said on Monday it will propose global rules for cryptocurrencies, saying recent turmoil in markets has highlighted the need to make progress on regulating the sector. “T…
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Crypto lender Voyager Digital files for bankruptcy
U.S. crypto lender Voyager Digital said on Wednesday it had filed for bankruptcy, becoming another casualty of a dramatic fall in prices that has shaken the cryptocurrency sector. Crypto lenders such…
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Bitcoin falls below $19,000, further shaking crypto markets
Bitcoin dropped 6.1% to $18,866.77 at 2004 GMT on Thursday, putting the biggest and best-known cryptocurrency down $1,226.41 from its previous close and down 60.9% from the year’s high of $48,234 on …
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U.S. crypto firm Harmony hit by $100 million heist
U.S. crypto firm Harmony said on Friday that thieves stole around $100 million worth of digital coins from one of its key products, the latest in a string of cyber heists on a sector long targeted by…