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The chances of approval for the pending spot Ethereum exchange-traded fund (ETF) applications this May are strained as two US Senators urged the Securities and Exchange Commission (SEC) to reject other crypto ETF proposals. Senators Jack Reed and Laphonza Butler advised the financial regulator to tighten its scrutiny of Bitcoin ETFs. They raised concerns about
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In the volatile world of cryptocurrency, new tokens are constantly emerging, some of which capture the attention of investors almost instantly. The latest addition to this trend is BOOK OF MEME (BOME), a meme coin built on the Solana blockchain. Despite only being introduced recently, BOME has already experienced an astonishing price surge of nearly
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The blockchain analytics firm Elliptic recently uncovered that the North Korea-backed hacker group Lazarus has once again turned to the sanctioned crypto mixer Tornado Cash to disguise its transactions. This comes after a period of dormancy following US government sanctions in response to allegations of assisting criminals in laundering illegally obtained digital assets. Despite the
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The cryptocurrency markets are experiencing a mixed day on Thursday as both Bitcoin (BTC) and Ether (ETH) are facing profit-taking pressure after the release of hotter-than-expected US PPI inflation figures. While Bitcoin is currently trading just under $71,000 and Ether is around $3,900, other major altcoins like Solana (SOL) and Dogecoin (DOGE) are seeing upward
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