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Babel Finance, a struggling cryptocurrency lender, lost almost $280 million of its customers' cash in trading.
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Michael Alan Stollery, the project's CEO, pled guilty to one count of securities fraud and faces life in prison.
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Bitcoin has benefited from the return of risk-on appetite, with a spike above $23,000, and the significant break to the upside has some analysts calling the bottom.
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Bitcoin, the largest cryptocurrency in the world, is finding it tough to retain miners despite the recent price increase. For many operators, Bitcoin mining was a phenomenally profitable endeavor, with gross margins reaching as high as 90 percent at times.
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The hashrate of bitcoin mining has plunged to a five-month low after miners in Texas momentarily ceased operations.
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The Russian government agencies differ on the practicality of stablecoins, but a ruble-backed stablecoin might be developed as a compromise.
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A new executive order aimed at cryptocurrencies ignores the value it offers users and the reason for its high energy consumption.
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During the current market turmoil, Bitcoin whales have aggressively purchased BTC, according to on-chain data analytics firm Santiment.
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Mt Gox is about to release 137,000 BTC to creditors that have been locked up for the past seven years. How might this affect the Bitcoin price, and will it cause a further decline?
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Tether sold a BTC debt to Celsius "without loss." Excess money were refunded to Celsius as Tether sought to "minimize" the impact on the market.