CoinEfficiency

News Articles for 2022-10-21

Browse daily crypto market news articles

10-Year Treasury Yield Surges to 2008 Highs Amid Recession Fears

The 10-year Treasury yield hits its highest level since 2008, sparking concerns about risky assets. U.S. stock markets rebound as Fed officials express worries over rate hikes, while Elon Musk predicts a recession lasting until spring 2024.

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Binance US Establishes Investigations Unit to Combat Illegal Activities

Binance US has launched a new investigations unit to identify and prevent illegal activities on its platform, appointing a former FBI agent as its head.

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Bitcoin Mining Operators Face Challenges in Q3 Amid Energy Issues and Market Pressures

Explore the key challenges Bitcoin mining operators in North America and Europe faced during Q3, driven by energy crises and unfavorable market conditions.

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Bitcoin Price Holds Steady Amid Federal Reserve Rate Hike Concerns

Bitcoin's price remains rangebound between $18,000 and $20,000 as traders weigh macroeconomic indicators and the Federal Reserve's potential rate hikes.

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Bitcoin Price Prediction: Bullish Reversal Pattern Hints at Potential Rally

Bitcoin's price action suggests a bullish reversal pattern, indicating a potential rally in the coming months. Analysts point to key levels and strategies for traders.

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Bitcoin Price Stalls Near $19,000 Amid Tight Trading Range

Bitcoin's price action remained subdued on Oct. 20, with BTC/USD trading in a narrow range around $19,000, showing no signs of a breakout.

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Bitcoin Whale Transaction: Over $600 Million in BTC Moved for First Time Since Bear Market

A significant Bitcoin transaction involving over $600 million has been flagged, marking the first major movement of BTC since the last bear market. This article explores the implications and market trends surrounding this large-scale transfer.

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Bitcoin's Path to Halving: Navigating the Recession Landscape

Explore Bitcoin's journey through the economic downturn and the anticipated halving event, alongside Elon Musk's insights on the global recession timeline.

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Celsius Network Accused of Non-Payment by Core Scientific Amid Bankruptcy Proceedings

Crypto lender Celsius Network faces new allegations from Bitcoin miner Core Scientific, claiming unpaid bills despite Chapter 11 bankruptcy filing.

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CFTC Intensifies Crypto Enforcement with 18 Actions in 2022

The Commodity Futures Trading Commission (CFTC) ramped up regulatory oversight of digital assets in 2022, revealing 18 enforcement actions targeting crypto-related activities.

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Coinbase Highlights Conservative USDC Adoption Outside the U.S.

Discover why USD Coin (USDC) adoption is slower in international markets and the role of currency conversion fees.

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Cross-Chain Bridge Between BitBTC and Optimism Avoids Exploit Thanks to Twitter User

A potential exploit in the cross-chain bridge connecting BitBTC and Optimism's Ethereum layer-2 network was averted due to the vigilance of a Twitter user, ensuring the security of assets moving between the two ecosystems.

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Crypto Adoption in Latin America Surges Amid Remittance Payments and Fiat Concerns

Discover how remittance payments, fiat currency concerns, and profit-driven strategies are fueling cryptocurrency adoption in Latin America, with a 40% increase in crypto transactions.

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Crypto Market Cleansing: Bankruptcies and Shutdowns Dominate 2022

The crypto market has faced a wave of bankruptcies, shutdowns, and trading freezes in 2022, with major players like Three Arrows Capital, Celsius, and Voyager Digital impacted. As the bear market continues, the industry braces for potential further capitulation before recovery.

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Crypto Market Musings: A New Era in Crypto Analysis

Explore the evolution of the Altcoin Roundup newsletter into Crypto Market Musings, offering cutting-edge analysis and trends in the crypto market.

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Cryptocurrency Exchanges Continue Serving Russian Nationals Amid Sanctions

Explore how some cryptocurrency exchanges are navigating Western sanctions by onboarding Russian nationals with certain restrictions. Meanwhile, Kazakhstan marks a regulatory milestone in fiat-to-crypto transactions.

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DeFi's Redemption: Protocols Recover Stolen Funds and Foil Hacks

Explore the latest developments in DeFi as protocols recover stolen funds and prevent potential hacks, marking a significant turnaround for the industry.

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Ethereum Daily Active Addresses Plummet to Four-Month Low, Raising Concerns Over ETH Price

Ethereum's daily active addresses have dropped significantly, hitting a four-month low. This decline has sparked worries about the potential downside for Ether's price in the near term.

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Ethereum Merge: Understanding the Transition and Potential Tax Implications

Explore the impact of Ethereum's Merge, its benefits, and the potential tax implications for investors.

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FDIC Chairman Martin Gruenberg Discusses Stablecoins and Crypto-Asset Activities

Martin Gruenberg, Acting Chairman of the FDIC, shares insights on stablecoins and the regulatory approach to banks engaging in crypto-asset activities.

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Gavin Wood Steps Down as CEO of Parity Technologies

Gavin Wood, co-founder of Polkadot, resigns as CEO of Parity Technologies, the development company behind the Polkadot ecosystem.

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Hong Kong Unveils Aurum Retail CBDC Prototype

The Hong Kong Monetary Authority (HKMA) has launched its Aurum retail central bank digital currency (CBDC) prototype, developed in collaboration with the Bank for International Settlements (BIS) Innovation Hub.

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Hong Kong's Ambitious Move to Become a Global Crypto Hub

Discover how Hong Kong aims to reestablish itself as a global leader in the cryptocurrency industry through strategic legal initiatives.

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Huobi Expands USDD Trading Pairs, Boosts HT Token Value with Justin Sun's Leadership

Huobi introduces new USDD trading pairs, including USDD/HT, with zero trading fees until year-end. Justin Sun's involvement propels HT token value, marking a strategic move in Huobi's global expansion.

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Interpol Launches Metaverse Initiative to Combat Emerging Crimes

Interpol introduces a law enforcement-focused Metaverse to address expanding virtual crimes and enhance global police collaboration.

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Metaverse Casino Hit with Cease and Desist Orders Over Unregistered Securities

A metaverse casino has received cease and desist orders from four U.S. state enforcement bodies, alleging its NFTs are unregistered securities.

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N26 Launches Crypto Trading Service on Mobile App

German fintech N26 introduces crypto trading, starting in Austria with plans for broader rollout.

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Navigating the Crypto Bear Market: Insights and Investment Strategies

Explore the current crypto bear market, its causes, and strategies for investors to navigate this challenging period.

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New Draft of Digital Commodities Consumer Protection Act (DCCPA) Could Boost DeFi and Crypto

Explore how the revised DCCPA draft may positively impact decentralized finance (DeFi) and the broader cryptocurrency market.

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NFT Rarity Rankings: A Double-Edged Sword for Collectors

Explore the debate surrounding NFT rarity rankings and their impact on collectors and the market.

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NFTs Revolutionize Art and Culture in Museums and the Metaverse

Discover how museums and artists are leveraging NFTs to preserve cultural heritage and innovate in the digital age.

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Oanda Launches Cryptocurrency Trading Service in the US

Oanda partners with Paxos to offer US investors seamless crypto trading alongside forex portfolios.

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OSCE Trains Uzbekistan Law Enforcement on Cryptocurrency and Dark Web Investigations

The OSCE conducted a five-day training course for Uzbekistan's police and prosecution forces, focusing on cryptocurrency and Dark Web investigations to combat emerging criminal threats.

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PancakeSwap Proposes Mainnet Deployment on Aptos Blockchain

PancakeSwap, a leading decentralized exchange, has announced a proposal to deploy its mainnet on the layer-1 blockchain Aptos, marking a significant step in its multichain strategy.

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Rarible Launches Major Upgrade to Rarible 2 with Enhanced NFT Aggregation Tools

Discover how Rarible's upgrade to Rarible 2 introduces advanced NFT aggregation tools, enhancing user experience across Web3 marketplaces.

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Ripple Gains Ground in SEC Legal Battle with Key Document Acquisition

Ripple secures crucial documents in its ongoing legal dispute with the SEC, marking a significant step forward in the case.

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Sam Bankman-Fried Proposes Crypto Industry Standards Amid Regulatory Uncertainty

Sam Bankman-Fried outlines a framework for crypto asset classification and regulatory compliance, focusing on securities and commodities.

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South Africa Moves to Regulate Cryptocurrencies as Financial Products

South Africa's Financial Sector Conduct Authority (FSCA) has classified cryptocurrencies as financial products, paving the way for comprehensive regulation of digital assets.

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Telegram Launches New Marketplace for Unique Usernames on TON Blockchain

Telegram announces the upcoming launch of a marketplace for auctioning unique usernames, built on its TON blockchain, marking a new direction in digital ownership.

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Telegram to Launch Username Auctions on TON Blockchain

Telegram announces plans to auction usernames using the TON blockchain, reviving the platform after a prior SEC lawsuit.

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Terra Co-Founder Do Kwon Sought by 4,400-Strong Discord Group

A dedicated community of 4,400 members in the UST Restitution Group is actively tracking Terra co-founder Do Kwon, driven by frustration over slow legal progress.

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Tesla Holds Steady on Bitcoin Holdings in Q3 2022

Tesla's Q3 2022 report reveals no changes to its Bitcoin holdings, maintaining a significant position in digital assets despite market fluctuations.

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The Rise of Digital Gold: A New Era in Investment

Explore how digital gold is transforming the investment landscape, offering a modern alternative to traditional gold investments with enhanced convenience and reduced risks.

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The Rise of Real Yield in Decentralized Finance (DeFi)

Discover how DeFi is shifting towards sustainable revenue models, focusing on real yield over token-based incentives.

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UK Proposes Amendment to Expand Crypto Regulation Under Financial Services Bill

The UK's Financial Services and Markets Bill may soon include crypto assets under its regulatory framework, marking a significant step in oversight of the digital asset sector.

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Warner Bros. Launches Historic 'Lord of the Rings' NFT Collection in Web3 First

Warner Bros. partners with Eluvio to release a unique NFT collection for 'The Lord of the Rings: The Fellowship of the Ring,' marking a first in the film industry. The collection includes exclusive content, AR features, and more, available on the Content Fabric blockchain.

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Warner Bros Launches Lord of the Rings NFTs in WB Movieverse

Warner Bros debuts in the Web3 space with The Lord of the Rings NFT movie experience, offering two editions and exclusive content.

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Web3 Growth and Gender Gap: Challenges and Opportunities

Explore the rapid growth of Web3 investments and the persistent gender gap in the sector, highlighting barriers to entry for women in underrepresented regions.

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Whale Accumulation in Chainlink Hints at Upcoming $LINK Bull Run

Chainlink's whale accumulation suggests a potential bull run for $LINK, with institutional investors actively adding millions to their portfolios despite market volatility.

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