Author: Oscar

  • Bitcoin Rebounds to $82,700 as Traders Brace for US Inflation Data

    Bitcoin Rebounds to $82,700 as Traders Brace for US Inflation Data

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    Oscar

    Bitcoin (BTC) rebounded to $82,700 on Wednesday, recovering 5.52% from recent losses as traders prepared for increased volatility ahead of the US Consumer Price Index (CPI) release. The crypto market, which has been under pressure due to macroeconomic uncertainty, is closely watching inflation data that could influence Federal Reserve (Fed) policy decisions. Bitcoin Recovers from…

  • Mt. Gox Moves $930M in Bitcoin as Payout Deadline Nears

    Mt. Gox Moves $930M in Bitcoin as Payout Deadline Nears

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    Oscar

    Mt. Gox, the infamous crypto exchange that collapsed in 2014, has once again moved a substantial amount of Bitcoin (BTC), signaling potential preparations for creditor repayments. This latest transaction comes amid broader market corrections, raising concerns about increased selling pressure. $930 Million BTC Transfer Sparks Speculation On Tuesday, wallets linked to Mt. Gox transferred 11,834…

  • Bitcoin Faces Sharp Decline as Economic Fears Grip Markets

    Bitcoin Faces Sharp Decline as Economic Fears Grip Markets

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    Oscar

    The cryptocurrency market has suffered a major downturn, with Bitcoin slipping below $80,000 and erasing $1 trillion in market value in just a month. This sharp decline follows broader economic concerns, including rising inflation fears, potential U.S. recession risks, and uncertainty surrounding Federal Reserve interest rate policies. BlackRock CEO Issues Inflation Warning Larry Fink, CEO…

  • Crypto Funds Bleed $4.75B Amid Market Correction

    Crypto Funds Bleed $4.75B Amid Market Correction

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    Oscar

    The cryptocurrency investment market is facing a significant downturn, with four consecutive weeks of outflows amounting to $4.75 billion. According to CoinShares‘ latest Digital Asset Fund Flows report, investors pulled out $876 million last week alone, erasing gains made since Donald Trump’s U.S. presidential election victory in November 2024. Bitcoin and Ethereum Take the Biggest…

  • Crypto Equities Drop as Bitcoin Dips Below $81K

    Crypto Equities Drop as Bitcoin Dips Below $81K

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    Oscar

    Bitcoin tumbled to a low of $80,226, triggering a widespread downturn across the crypto market. Leading altcoins also registered steep losses, deepening concerns among investors. The decline comes amid broader market fears, with potential tariffs from former U.S. President Donald Trump weighing on risk assets like crypto and equities. Crypto Stocks Take a Hit The…

  • Crypto’s Political Power Play: Risks Rise as Regulations Fall

    Crypto’s Political Power Play: Risks Rise as Regulations Fall

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    Oscar

    A new report from the Center for Political Accountability (CPA) warns of the “profound risks” posed by cryptocurrency companies’ growing political influence. As Donald Trump pushes for deregulation and promises to establish a “crypto strategic reserve,” crypto firms have ramped up political spending, reshaping the regulatory landscape in their favour. The CPA highlights that crypto-related…

  • White House Establishes Bitcoin Reserve as Crypto Summit Unfolds

    White House Establishes Bitcoin Reserve as Crypto Summit Unfolds

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    Oscar

    In a groundbreaking move, the White House has announced the establishment of a U.S. Bitcoin reserve, signaling a shift in federal crypto policy. The initiative, backed by President Donald Trump, aims to position Bitcoin as a distinct reserve asset, setting it apart from other digital currencies. 200,000 BTC to Form Core of U.S. Reserve A…

  • New York Proposes Strict Bill to Combat Crypto Fraud

    New York Proposes Strict Bill to Combat Crypto Fraud

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    Oscar

    New York lawmakers are taking a bold step to curb crypto fraud with a newly introduced bill targeting rug pulls, private key theft, and lack of transparency in token ownership. Assembly Bill 6515, sponsored by Assembly member Clyde Vanel, seeks to establish strict penalties for deceptive practices in the digital asset space. Crackdown on Rug…

  • Bitwise Steps Into DeFi With Maple Finance Partnership

    Bitwise Steps Into DeFi With Maple Finance Partnership

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    Oscar

    Bitwise, a leading crypto asset manager and ETF provider, has made its first allocation into decentralized finance (DeFi) through a strategic partnership with Maple Finance, an on-chain credit specialist. This move highlights the growing integration of traditional finance with blockchain-based credit solutions. Bitcoin-Backed Lending: A Unique Opportunity Bitwise’s undisclosed allocation leverages Maple’s bitcoin-backed lending product,…

  • Crypto Criminals Shift Focus to Stablecoins, Chainalysis Reports

    Crypto Criminals Shift Focus to Stablecoins, Chainalysis Reports

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    Oscar

    A recent report by blockchain analytics firm Chainalysis has revealed a significant shift in cryptocurrency-related crimes, with stablecoins now being the primary target for illicit activities. The “2025 Crypto Crime” report highlights a 63% surge in illegal transactions involving stablecoins, marking a clear departure from the dominance of Bitcoin in past years. Stablecoins Overtake Bitcoin…