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Short traders betting against higher bitcoin (BTC) prices lost some $90 million on Tuesday alone, adding on to the $70 million in short liquidations on Monday. (Alexander Grey/Unsplash) Bitcoinâs ever-growing prices are leaving at least one group startled by the rapid bumps: Those placing highly leveraged short futures bets aimed at profiting from potential price reversal. Short traders betting against...
Ether also rose past $2,200 for the first time in months. The price of bitcoin(BTC)moved past $41,000 during the Monday business day in Asia, for the first time since April 2022 âprices not seen before the crash of Terraâ while Ether(ETH)moved past $2,200. Bitcoinâs price had been toying with the $40,000 level in recent days, but finally breached it Monday...
Bitcoin Going From Boiling the Oceans to Draining Them, According to Critic Swimming pool water (Aquilatin/Pixabay) Longtime Bitcoin(BTC)critic Alex De Vries said each transaction on the Bitcoin network uses over 16,000 liters of water, enough to fill a small swimming pool. De Vries yesterdaypublished a research paperwith his findings, arguing that a combination of miner cooling systems and the water...
Armstrong said the recent enforcement action against bad actors such as Binance or former crypto exchange FTX could âclose the chapterâ on that part of cryptoâs history. Coinbase CEO Brian Armstrong (Coinbase) Coinbase (COIN) CEO Brian Armstrong says the industry can finally close the chapter of bad actors after the recentsettlementbetween Binance and the U.S. Department of Justice. âThere certainly...
The U.S. Department of Justice (DOJ) argues that Binance's former CEO should remain free until sentencing â but only in the U.S. Department of Justice (Shutterstock) The U.S. Department of Justice doesn't want Changpeng 'CZ' Zhao locked up until sentencing, but it doesn't want him to leave the United States either, arguing in a new filing that he's a "flight...
Zhao pleaded guilty to one charge of violating the Bank Secrecy Act on Tuesday. Binance CEO Changpeng Zhao leaves the U.S. District Court in Seattle, Washington. (David Ryder/Getty Images) Binance's former CEO, Changpeng Zhao (CZ), cannot be allowed to leave the U.S. ahead of his February sentencing on one charge of violating the Bank Secrecy Act, federal prosecutors said in...
Richard Teng takes over as CEO of the world's largest crypto exchange. CZ and Binance Logo (Twitter/Modified by CoinDesk) Binance, the world's largest crypto exchange, was criminally charged with breaking sanctions and money-transmitting laws and agreed to pay $4.3 billion to settle the allegations in "one of the largest penalties" the U.S. has ever obtained from a corporate defendant. Founder...
Javier Milei Wins Argentine Presidency; Bitcoin Gains Nearly 3% The self-described anarcho-capitalist has been supportive of bitcoin, calling it "the return of money to its original creator, the private sector." Incoming Argentine President Javier Milei (Getty images) 10 Years of Decentralizing the Future The next president of Argentina will be Javier Milei as his opponent Sergio Massa conceded on Sunday...
The asset management giant last week registered the iShares Ethereum Trust, and via Nasdaq sought approval from the SEC for the new vehicle. 10 Years of Decentralizing the Future BlackRock (BLK), the worldâs largest asset manager, hasfiled an S-1 formwith the U.S. Securities and Exchange Commission (SEC) for its iShares Ethereum Trust, a spot ether exchange-traded fund (ETF). This movefollows...
Bitcoin Drops 4% to $35K Despite Soaring Tradfi Markets, But Analysts Remain Optimistic An unexpected slowdown in inflation sent stock and bond markets sharply higher, but crypto was left out, possibly due to declining enthusiasm about the imminent approval of a spot bitcoin ETF. Bitcoin price on Nov. 14 (CoinDesk) 10 Years of Decentralizing the Future Crypto markets suffered one...