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In recent days, Bitcoin (BTC) has witnessed a dramatic decline, shedding nearly 13% of its value and plunging to its lowest price point in over three months. As the primary cryptocurrency, Bitcoin’s price movements often reflect broader economic conditions and investor sentiment, making this downward trend particularly noteworthy. From an impressive near-record high of $99,400
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In a significant turn of events for the cryptocurrency trading platform OKX, the company recently settled with US authorities for over $500 million. This settlement underscores the importance of regulatory compliance in the rapidly evolving digital currency landscape. OKX’s CEO, Star Xu, has openly acknowledged the organization’s previous failures in adhering to regulatory standards, yet
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As the cryptocurrency landscape evolves, Bitcoin (BTC) finds itself navigating through turbulent waters once again. Recently, Bitcoin dipped below the $95,000 mark, raising concerns about its fragility in the current market environment. February’s end signals a pivotal moment for analysts and traders alike, with many emphasizing the cryptocurrency’s need to reclaim fundamental price levels to
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The lightning-paced evolution of the cryptocurrency sector has unveiled both opportunities and challenges for financial institutions involved in digital assets. A significant recent development is that the U.S. Securities and Exchange Commission (SEC) has officially closed its investigation into Robinhood Crypto, as evidenced on February 21. This decision culminates an inquiry that began after an
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Berachain, a layer 1 blockchain that mirrors the Ethereum Virtual Machine (EVM), has made headlines recently by achieving significant milestones in a remarkably short period. Just 20 days following its Mainnet launch, Berachain has not only established itself as a contender but has also overtaken high-profile blockchains like SUI, Avalanche, and Arbitrum by amassing a
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In a landmark decision aligning with its 16th sanctions package, the European Union has targeted Garantex, a cryptocurrency exchange based in Russia. This move underscores the EU’s commitment to curtailing financial avenues that facilitate Russia’s evasion of sanctions amid the ongoing Ukraine conflict. The European Council’s announcement on February 24 highlights Garantex’s involvement in helping
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Cardano (ADA) finds itself straddling the precarious line between bullish potential and bearish sentiment, currently trading just below the $0.80 mark. This critical price point serves as both a psychological and technical level, one that has previously shown the capacity to foster significant movements in price. After weeks marked by heightened volatility and considerable selling
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