Cryptocurrency
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Time to ready global response to crypto risks, regulators say
Risks from the $2.6 trillion crypto market could grow quickly and regulators need pre-prepared measures to bring the sector to heel, the Financial Stability Board (FSB), a risk monitoring watchdog fo…
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Crypto giant Binance to pump $200m investment in U.S. media firm Forbes
Major cryptocurrency exchange Binance will make a $200 million investment in Forbes, the media company said on Thursday, as it prepares to go public via a special purpose acquisition company (SPAC). …
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Crypto platform Wormhole says ‘funds are safe’ after $320m hack
Cryptocurrency platform Wormhole said on Thursday that “all funds are safe” after hackers stole more than $320 million from its site in the fourth-largest crypto heist on record. Wormhole, which allo…
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Russian authorities draw up ‘road map’ to regulate cryptocurrencies
Russian authorities have drawn up a ‘road map’ that envisages restrictions on cryptocurrencies but not a complete ban as advocated by the central bank, a document seen by Reuters showed on Friday. Po…
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Investors in anguish as Bitcoin takes massive tumble
Bitcoin dropped 9.28% to $36,955.03 at 22:02 GMT on Friday, losing $3,781.02 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 2.4% from the year’s low of $36…
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Musk says Tesla to accept dogecoin for merchandise
Tesla Inc will accept meme-based cryptocurrency dogecoin as payment for its merchandise such as the “Giga Texas” belt buckle and mini models of electric vehicles, Chief Executive Officer Elon Musk sa…
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NFT sales hit $25 billion in 2021, but growth shows signs of slowing
From cartoon apes to video clips, sales of NFTs reached some $25 billion in 2021 as the speculative crypto asset exploded in popularity, data from market tracker DappRadar shows, although there were …
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Bitcoin hovers near more than 3-month lows after U.S. payrolls
Bitcoin slumped as much as 5% on Friday to its lowest since late September, amid a broader sell-off for cryptocurrencies driven by concerns about tighter U.S. monetary policy. Bitcoin was last down m…
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Cryptocurrency crime in 2021 hits all-time high in value – Chainalysis
Cryptocurrency-linked crime surged to a record high last year in terms of value, with illegal addresses receiving $14 billion in digital currencies, up 79% from $7.8 billion in 2020, according to a b…
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Bitcoin, ether near multi-month lows following hawkish Fed minutes
Bitcoin fell below $43,000 on Thursday, testing multi-month lows after minutes from the Federal Reserve’s last meeting showed it leaning toward more aggressive policy action, which sapped investor ap…