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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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The ever-evolving landscape of cryptocurrency, particularly Bitcoin, continues to attract the attention of investors, analysts, and traders alike. Bitcoin, the pioneer of digital currencies, is currently entrenched in a phase of significant volatility and uncertainty. Recent analyses suggest that Bitcoin’s price may be set for a downward trajectory, with expert opinions diverging on the timeline
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Citadel Securities, a significant player in traditional finance, is reportedly setting its sights on the burgeoning cryptocurrency market as it prepares to dive into crypto market-making. As outlined by a Bloomberg News report dated February 24, the firm seeks to offer enhanced liquidity on some of the industry’s largest platforms, including Coinbase, Binance, and Crypto.com.
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In the tumultuous realm of cryptocurrency, platforms that promise effortless trading often find themselves mired in controversy. The latest episode surrounds OX.FUN, a crypto derivatives exchange entangled with the disgraced founders of Three Arrows Capital, Su Zhu and Kyle Davies. Recently, the exchange has faced scrutiny for alleged financial misconduct, casting a shadow over its
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As the cryptocurrency market continually shifts, Bitcoin finds itself in a tumultuous situation, downtrending to below the $96,000 mark after showing some stability over the preceding weekend. This latest dip reflects a troubling trend that has left investors rattled, particularly after a week marked by volatility and uncertainty. Bitcoin’s struggles encapsulate the larger state of
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